Grundzüge der mikroökonomischen Theorie

This insightful book covers essential microeconomic theories and recent developments, making it a valuable resource for economics students.

In Grundzüge der mikroökonomischen Theorie, the authors focus on recent developments and expansions in microeconomics, such as uncertainty and risk, incomplete information, and new microeconomic theories. They delve into concepts like asymmetric information between principals and agents, transaction costs, and new institutional economics. The book provides a comprehensive understanding of microeconomic theory and explains how a market economy functions effectively.

The authors emphasize the importance of these recent advancements, illustrating how they shape the landscape of microeconomic thought. By addressing topics like transaction costs and institutional frameworks, Grundzüge der mikroökonomischen Theorie not only covers traditional microeconomic principles but also integrates contemporary issues that are crucial for modern economic analysis.

Written in an accessible manner, this book is aimed at students pursuing bachelor's and master's degrees in economics. It serves as an essential resource for those looking to grasp the complexities of microeconomic theory while also being informed about its latest developments and applications in real-world scenarios.