Customer Reviews

Microeconomic Theory: Basic Principles and Extensions

5 star:		(3)
4 star:		(1)
3 star:		(0)
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This is a very good book for someone that wants a thorough understanding of intermediate level micro. It presents economics at a level in between Hal Varian's Intermediate Micro, and the far more advanced book by Mas-Colell. It gives a clear introduction to economics using calculus and, unlike other books, Nicholson covers second derivate conditions. This provides additional inights that help understand the more technical Mas-Colell.
Also, the type set and fonts are eye-friendly, and Nicholson is a master at explaning economics in a way that helps you learn it. I recommend this book for the serious student who wants to get ready for graduate level microeconomics courses. By serious, I do not mean only students that are majoring in economics, but also any other student who really wants to learn microeconomics.

This is the book you should purchase to learn classical intermediate economics if you plan to go to graduate school in economics. You will need calculus, but if you want to learn 'real' microeconomics, calculus is indispensable. Competing texts are too mathematically infantile to be of much use. This text is very worthwhile for self-study because solutions are given to half of the end-of-the-chapter problems.

A relatively mathematically sophisticated student should be able to go through the book on their own. After you've done this, you will be well on your way to possessing the 'intuition' as well as the 'basic' mathematical underpinnings needed at the graduate level.

As others have mentioned, the book is relatively light on game theory. Other texts will be necessary (Binmore, etc.) for learning this topic at the advanced undergraduate level.

One of the few textbooks I didn't return. This book is amazing for breaking down economic theories and providing excellent examples to some of the most challenging equations. I would highly recommend it to anyone who is having trouble grasping intermediate economic equations.

A good textbook providing sufficient coverage of microeconomics with mathematical details. In this edition, it adds some matrix algebra as an extends. However, it seems to be inadequate. And I hope the future edition should includes more and more mathematical technique similar to the Eugene Silberberg's (The Structure of Economics).