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Hardcover | $110.00 X | £69.95 | 896 pp. | 8 x 9 in | 454 figures | August 2017 | ISBN: 9780262035446
eBook | $110.00 X | August 2017 | ISBN: 9780262342087
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Advanced Microeconomic Theory

An Intuitive Approach with Examples


This textbook offers an introduction to advanced microeconomic theory that emphasizes the intuition behind mathematical assumptions, providing step-by-step examples that show how to apply theoretical models. It covers standard topics such as preference relations, demand theory and applications, producer theory, choice under uncertainty, partial and general equilibrium, monopoly, game theory and imperfect competition, externalities and public goods, and contract theory; but its intuitive and application-oriented approach provides students with a bridge to more technical topics. The book can be used by advanced undergraduates as well as Masters students in economics, finance, and public policy, and by PhD students in programs with an applied focus.

The text connects each topic with recent findings in behavioral and experimental economics, and discusses these results in context, within the appropriate chapter. Step-by-step examples appear immediately after the main theoretical findings, and end-of chapter exercises help students understand how to approach similar exercises on their own. An appendix reviews basic mathematical concepts. A separate workbook, Practice Exercises for Advanced Microeconomic Theory, offers solutions to selected problems with detailed explanations. The textbook and workbook together help students improve both their theoretical and practical preparation in advanced microeconomics.

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Solution Manual

About the Author

Felix Muñoz-Garcia is Associate Professor on the School of Economic Sciences at Washington State University.


Advanced Microeconomic Theory covers the core microeconomics curriculum with a perfect balance between intuition and rigor. The book is also notable for incorporating insights from behavioral economics. It is an excellent text for advanced undergraduates, master’s, and PhD students of economics.”
John Duffy, Professor, Department of Economics, University of California, Irvine

“Those looking for an advanced microeconomics textbook will find that Felix Muñoz-Garcia excels at combining conceptual clarity, mathematical rigor, relevant examples, and intuition. This book is definitely the best option.”
Georges Zaccour, Chair in Game Theory and Management, HEC Montréal