MEF 121 Advanced Microeconomics

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Microeconomics portrays the economy as a series of actors that make supply and demand decisions to advance their interests. The cumulative effect of these decisions determines the nature and behaviour of the economy. Thus, this book provides a detailed description of the following aspects: (i) Microeconomics in economic entities; (ii) Using the Arrow-Debreu model

as a general framework for microeconomics in general. It also discusses many applications and provides guidelines for empirically testing many microeconomic theories.

The ultimate goal is to stimulate student interest in the study and study of microeconomics by providing comprehensive, accessible, rigorous, serious motivation, relevant and empirical references on advanced microeconomics.

Each chapter has several unresolved problems. The purpose of developing these questions is to analyze and clarify the material presented in this chapter and to inspire readers to make their contributions to the cutting edge of microeconomics.

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