I have been searching for quite a long time and have purchased (and subsequently returned - sorry Amazon!) almost all the intermediate level text books on Microeconomics - that can be a good bridge for more advanced graduate level microeconomics texts like MWG/Varian/Jehle. With this book my search has now ended. This is THE BEST intermediate level microeconomics text (which uses calculs)and I would very strongly recommend it for anyone who want to learn Microeocnomics (irrespective of the fact that s/he would be taking advanced texts subsequently). It is highly suitable for self study, for undergraduate level and can be used as background text even for first year Masters/graduate level microeconomics.
I am listing all the books I have used/perused/referred (with short comments)to come to the conclusion that this indeed is the best book, to help prospecitve buyers making an informed decison.
1. Varian's Intermediate Microeconomics (No calculus based treatment, so graduating to advanced texts after this could be a real pain, Otherwise an excellent modern text - its wide popularity is not without reason)
2. Binger & Hoffman's Microeconomics with Calculus (Obviously uses calculus based approach, and at a slightly higher level than this book, but the overall approach may appear to be slightly dated. Nevertheless, a good book and I would give it the second place after this book, if you need a calculus based Micor text)
3. Gravelle & Rees's Micoreconomics (The biggest letdown is that answers to problems are not provided at the end of the book, plus, no solution manual is available, therefore not much useful for self study and evaluation. Otherwise an OK, well typesetted book)
4. Perloff's Microeconomics: Theory and Application with Calculus (Again uses Calculus, but the approach is complex, things are not explained clearly and on many occasion, it is difficult to follow the logic and flow of the text)
5. Silberberg's Structure of Economics: A Mathematical Analysis (This text is actually not at intermediate level and should be compared with MWG/Varian, which I am not doing here)
The wide popularity and the fact that the book is now in its 10th edition is ample proof of its inherent quality.
In sum, if you are really looking for an intermediate level Microeocnomics text, which uses Calculus, do not think twice - go and grab it right away! If the price appears to be too high (It,indeed, is), go for ninth or eighth edition.
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Microeconomic Theory: Basic Principles and Extensions Hardcover – 13 September 2007
by
Walter Nicholson
(Author),
Christopher Snyder
(Author)
There is a newer edition of this item:
Microeconomic Theory : Basic Principles and Extensions
$169.45
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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 b
- Print length740 pages
- LanguageEnglish
- PublisherSouth-Western Pub
- Publication date13 September 2007
- Dimensions20.32 x 3.18 x 25.4 cm
- ISBN-100324585071
- ISBN-13978-0324585070
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Product details
- Publisher : South-Western Pub; 10th edition (13 September 2007)
- Language : English
- Hardcover : 740 pages
- ISBN-10 : 0324585071
- ISBN-13 : 978-0324585070
- Dimensions : 20.32 x 3.18 x 25.4 cm
- Customer Reviews:
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4.5 out of 5 stars
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meiweili
5.0 out of 5 stars
New Sep 2007 Edition Major Revisions... VERY NICE
Reviewed in the United States on 19 January 2008Verified Purchase
This was a good book before. Now it is far better. New co-author Chris Snyder has apparently given a new once-over of this entire text, injecting new life to the portrayal of certain chapters. Book is beautiful in appearance, and printed on very nice paper. I agree with other reviewers as to the clarity, prioritization and calm mastery over the material that makes this book a pleasure to use, as a student.
From the Preface, "New to the 10th Edition" (2007):
"Three entirely new chapters written by Chris Snyder:
* an extended and more advanced treatment of basic game theory concepts (Chapter 8);
* a thoroughly reworked and expanded chapter on models used in industrial organization theory (Chapter 15); and
* a completely new chapter on asymmetric information that focuses on the principal-agent problem and modern contract theory (Chapter 18). ...
Several other "major revisions" :
* A significant amount of material was added to the chapter on mathematical background (Chapter 2): integration, basic models of mathematical optimization, brief introduction to mathematical statistics;
* Chapter 7, on uncertainty and risk aversion, thoroughly revised;
* Much of the theory of the firm, especially of the firm's demands for inputs, has been expanded (Chapters 9-11);
* The chapter on general equilibrium modeling (Chapter 13) has been thoroughly reworked with the goal of providing students with more details about how computable general equilibrium models actually work.
* The chapter on capital and time (Chapter 17) has been significantly expanded to include more on optimal saving b ehaior and on resource allocation over time."
From the Preface, "New to the 10th Edition" (2007):
"Three entirely new chapters written by Chris Snyder:
* an extended and more advanced treatment of basic game theory concepts (Chapter 8);
* a thoroughly reworked and expanded chapter on models used in industrial organization theory (Chapter 15); and
* a completely new chapter on asymmetric information that focuses on the principal-agent problem and modern contract theory (Chapter 18). ...
Several other "major revisions" :
* A significant amount of material was added to the chapter on mathematical background (Chapter 2): integration, basic models of mathematical optimization, brief introduction to mathematical statistics;
* Chapter 7, on uncertainty and risk aversion, thoroughly revised;
* Much of the theory of the firm, especially of the firm's demands for inputs, has been expanded (Chapters 9-11);
* The chapter on general equilibrium modeling (Chapter 13) has been thoroughly reworked with the goal of providing students with more details about how computable general equilibrium models actually work.
* The chapter on capital and time (Chapter 17) has been significantly expanded to include more on optimal saving b ehaior and on resource allocation over time."
4 people found this helpful
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Sultan Beibars
3.0 out of 5 stars
Great book for "Not beginners"
Reviewed in the United States on 2 November 2010Verified Purchase
I am at grad school so that was mandatory to get this book, I must say that if you are looking for a lot of examples and solved problems, this is not the book you are looking for. Overall this is good book who is familiar with basic principles of microeconomics. There is one numerical example only, after each section and might not be enough for beginners.

Leigh
5.0 out of 5 stars
Good buy
Reviewed in the United States on 31 October 2013Verified Purchase
This book has been very helpful for my research in mathematical modeling from the business perspective. It is also easy enough to understand that someone without a formal economics background can understand.

Jane
4.0 out of 5 stars
mostly helpful but a bit hard
Reviewed in the United States on 6 January 2013Verified Purchase
I purchased this book for an university math course: mathematical modeling. It's helpful in giving examples for specific problems, but sometimes they become complicated and require some Calc III knowledge.
One person found this helpful
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