Microeconomics: Theory and Applications with Calculus
by Jeffrey M. Perloff
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Book Summary Information
Author: Jeffrey M. PerloffEdition: Hardcover
Audio: English (Unknown); English (Original Language); English (Published)
Published: 2007-09-16
ISBN: 0321277945
Number of pages: 800
Publisher: Addison Wesley
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Book Reviews of Microeconomics: Theory and Applications with Calculus
Book Review: serious book for serious ADVANCED students
Summary: 5 Stars
I am a student at the University of Michigan and this is the book we use for our intermediate microeconomics theory class. To start, this is NOT the book for you if you are weak in math (ie. can't stand calculus) and lack a solid understanding of basic microeconomics. If you are only trying to get the fundamentals, like say, how monopolies behave in a market economy or what a supply and demand curve looks like then go for the one by Pindyck. This book is for those who want to gain a DEEPER understanding of micro. Like given a trade between two individuals, what would be the equilibrium bundle reached by both parties considering their unique indifference curves. And how much would a consumer demand given a budget constraint. These are some of the topics covered in this book and Perloff has done a superb job showing the concepts.
The math in this textbook is somewhat advanced for the average undergraduate. if you don't know what a partial derivative is, then you will be lost. There are some first order differential equations and Lagrangians in there as well. In order to get the most out of this book I would say you need to have a solid understanding of calculus I and II, and a basic knowledge of III and IV. The concepts themselves aren't that complicated it's just that Perloff uses a lot of calculus to show them. But like I said, if you ARE good at math then this book will tell you more about intermediate micro and leave you with a far better theoretical background than any other.
Indeed, this is arguably the BEST undergraduate textbook for intermediate microeconomics. It's written like how a true microeconomics theorist would write it, and it is way better than the classic by Varian. The book actually shows you the mathematical derivations behind the concepts and Perloff always cut to the heart of the issue and explain things in the most succinct manner. Plus there's also a ton of problems after each chapter with solutions in the back. Given the fact that microeconomics theory is essentially a physics or a math class, Perloff's book gets an A+ for giving students lots of problems to work on. Without which anyone would be lost on a quantitative based exam.
All in all, I would highly recommend this book for anyone with a serious interest in microeconomics and/or a desire to pursue micro theory at a graduate level later on.
Summary of Microeconomics: Theory and Applications with Calculus
In Microeconomics: Theory and Applications with Calculus, Perloff brings his hallmark pedagogy to the calculus-based course by integrating Solved Problems and real, data-driven applications in every chapter. This new text offers a serious presentation of calculus-based microeconomic theory and offers a suite of carefully crafted, calculus-based problem sets at the end of each chapter.Introduction; Supply and Demand; A Consumer?s Constrained Choice; Demand; Consumer Welfare and Policy Analysis; Firms and Production; Costs; Competitive Firms and Markets; Properties and Applications of the Competitive Model; General Equilibrium and Economic Welfare; Monopoly; Pricing and Advertising; Oligopoly and Monopolistic Competition; Game Theory; Factor Markets; Uncertainty; Externalities, Open Access, and Public Goods; Asymmetric Information; Contracts and Moral Hazard.
For all readers interested in calculus-based intermediate microeconomics.
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