Problems like moral hazard and adverse selection. 📌 Key Features
The academic work by Jorge Fernández-Baca is a foundational text widely used in Latin American universities. It is divided into two main volumes (Tomos). 📘 Tomo I: Consumer and Firm Decisions FERNANDEZ-BACA, Jorge - MicroeconomГa. TeorГa y...
Starts with simple concepts and progresses to complex mathematical models. Problems like moral hazard and adverse selection
This volume focuses on individual agents and competitive markets. Field and method of microeconomic analysis. Chapter 2: Prices and markets. Chapter 3: Consumer decisions under constraints. Chapter 4: Consumer demand. Chapter 5: Measuring changes in social welfare. Chapter 6: Production technology. Chapter 7: Efficient production decisions. Chapter 8: Cost function and the firm's supply. Chapter 9: Decisions under uncertainty. Chapter 10: Competitive markets. 📗 Tomo II: Market Structures and Welfare This volume covers advanced topics and market failures. Monopoly: Analysis of firms with market power. 📘 Tomo I: Consumer and Firm Decisions Starts
Strategic interactions between few firms. Factor Markets: Supply and demand for labor and capital. General Equilibrium: Interconnectedness of all markets.
Includes an appendix on mathematical tools for microeconomics.
Specifically designed for students of Microeconomics I and II.