Microeconomic Theory: Basic Principles and Extensions (with Economic Applications)

Microeconomic Theory: Basic Principles and Extensions (with Economic Applications, InfoTracĀ® Printed Access Card)
Best Price: $99.00

Product Description
Offering the most cutting-edge coverage available, the 10th edition of the market-leading MICROECONOMIC THEORY: BASIC PRINCIPLES AND EXTENSIONS delivers a text that is rigorous yet accessible, accurate in theory yet practical in application, thorough yet concise. Now at a more succinct 19 chapters, this tried-and-true, widely popular text is known as the “bible of microeconomics,” offering the most clear and accurate presentation of advanced microeconomic concepts. For the new edition, proven author and economic authority Walter Nicholson is joined by new co-author Chris Snyder, a professor of economics at Dartmouth College. These highly respected economists draw from their wealth of experience in the classroom and the marketplace, giving the book a practical, real-world perspective. Taking a calculus-based approach, MICROECONOMIC THEORY provides an ideal level of mathematical rigor for upper level undergraduate students and beginning graduate students. Extremely reader-friendly, the book is designed to help students truly understand and apply economic models as it enables them to work directly with theoretical tools, real-world applications, and the latest developments in the study of microeconomics. Insightful graphic presentations help visual learners see the connections between the calculus and the algebra/geometry of the same material. In addition, end-of-chapter problems are now presented in two tiers: Simple numerical/mathematical exercises, which build student intuition, are followed by more analytical, theoretical, and complex problems. Unlike other, more theoretical texts, MICROECONOMIC THEORY presents theory in an accessible way as well as illustrates how it applies in the real world.
Share |

Item added on Mon, Jun 21, 2010

Category: Economics Theory, Microeconomics

, , , , , , , , , ,

5 reviews for this item

  1. Dr. Martingale Says:
    At the first glance, this book is elegantly laidout, but mathematically “inadequate”. However when you really read it, you find the author is a master in explaining very complicated concepts in an easy way. I am a PhD student, but I learned “economics” from this book. The textbook by Mas-Colell that our professor chose was a disaster. That book was heavy, stinky, and the authors did a bad job in explaining even the simplest ideas. I decided to use the Nicholson’s book and understand everything and (only) this book made me love microeconomics.

    Lots of economists like to show off their math skills and like to show what a “rocket science” their field (economics) is by applying weird notations and “bad” English. Therefore, they intentionally make simple (maybe sometimes profound) ideas appear as complicate as they can be. Once you waste 1 day’s time and undertsand the idea, you yell to yourself, “what a simple thing!”. My experience is, spending 3 day’s on Mas-Collel’s book, I understand a thing, but it only requires 30 minutes if you use Nicholson’s book.

    I was a physicist before persuing economics. In physics, we regard a good scholar (or someone who really understands what he is talking about) as someone who can explain difficult stuff in easy ways. Otherwise we dont think too much of him/her. In this sense, Nicholson (maybe Varian too) is truly a scientist, a great scholarly master. I am using these great terms because I am very grateful to the author since I truly learned stuff from it and it saved me from the great disappointment in microeconomics inflicted by Mas-Collel’s book.

    Rating: 5 / 5
  2. Davor Pranjic Says:
    I used this book for my first graduate microeconomic theory course and really have to compliment my professor for making an excellent choice. Although I`m sure there are much more rigorous books on the subject out there, like the Mas-Collel et al., when viewed in its own right, Nicholson`s book is hard to top. The book deserves the greatest merit for not being wordy; all points are covered briefly and to the point with many sample problems that are challenging and further the understanding of the material. Finally, I think the author deserves some praise for the mathematical notation, too. He uses conventional notation that econ students are accustomed to from their first math econ courses and doesn`t try to show what a rocket scientist he is, by trying to confuse people. Anyone with a solid background in basic calculus should be able to get through the book on their own. Almost all steps are presented clearly and even in those rare cases where that`s not the case, the student is able to figure out what`s going on easily. I can only recommend buying this book. For people requiring more rigour and coverage, get an advanced theory text, but for first year graduate students and those who need a quick review for more advanced courses, Nicholson`s text is a great point of departure and shouldn`t be missing on any serious economics student`s book shelf.
    Rating: 5 / 5
  3. ReBorn Says:
    I have used this as a textbook for my second year microeconomic theory course. I think this is definitely a good reference for mathematical approach to economics. This book definitely assumes some exposure to beginning microeconomics, so this is not a beginners text. It is a nice book because it has a lot of interesting info beside standard micro topics, such as risk aversion. Exaples and graphs are helpful to illustrate the concepts. Excercises are hard (at least some of them), so get the solution manual. I also found this textbook interesting because it has a lot of footnotes with additional details, and “extensions” in the end of each chapter which take the topics a bit futher. Another helpful feature was the list of recommended literature for each topic. Even though I am not sure if I will continue in economics, I am still keeping this book for myself because I had a good experience with it.
    Rating: 5 / 5
  4. Unal Eryilmaz Says:
    It is very good textbook to learn microeconomics with intuitions and methodology. But, some people are comparing this book with Mas Colell. Nonsense! Mas Colell is a PhD level, pretty technical, “heavy duty” book. This book is an intermediate level book for senior undergrads or master students. On the other hand, Binger&Hofmann’s Microeconomics with Calculus book is better then this, in my opinion. It has less story more information. This book spends lots of lines to explain some small points which is boring for someone who should know these stories before starting graduate studies. But it is more comprehensive than baby Varian. Some departments are using Pyndick’s book, but I didn’t use it. I believe that Binger&Hofmann is the best in this category if you wanna learn Microeconomics using mathematical tools.
    Rating: 4 / 5
  5. Veronica Lee Says:
    Reading through this book, I could understand the mathematic tools of microeconomics. The explanation is so clear that the average students who studied the principle of economics can understand what the author tried to explain. Very nice book. I recommend this book to every student who wants to understand microeconomics by mathematic methods.
    Rating: 4 / 5

Submit a Review