John H Hoag

This book provides a rigorous course to the theory of intermediate microeconomics. It includes not only the basic traditional theory, but also a “From the Literature” box in each chapter directing students to applications of the theory. The theory is developed axiomatically, with optional sections using one-variable calculus included for interested readers. A substantial number of homework problems are also interspersed throughout the text. Covering the essential topics of microeconomics, this book is highly suitable for a one-term class in microeconomics at the intermediate level.

This textbook is designed as a guide for students of mathematical economics, with the aim of providing them with a firm foundation for further studies in economics. A substantial portion of the mathematical tools required for the study of microeconomics at the graduate level is covered, in addition to the standard elements of microeconomics and various applications. Theorems and definitions are clearly explained with numerous exercises to complement the text and to help the student better understand and master the principles of mathematical economics.

This carefully constructed textbook empowers the reader with an understanding of fundamental economic concepts. There are 31 “one-concept” chapters. Each short chapter highlights one economic principle. The student can study one concept and be reinforced by the learning process before proceeding to another. The writing is lucid and at the student's level. Self-review exercises conclude each chapter. The text is well integrated to show the relationship among the basic concepts and to offer a comprehensive overview of economics. The one-concept chapters provide organizational flexibility for the instructor. There are eight modules: The Economic Problem; Price Determination; Behind the Supply Curve; Measuring the Economy, The Level of Income; Money; Trade; Conclusion.A study guide is available on line without charge. Each chapter in the text has a corresponding chapter in the study guide as well as an introduction to graphing.