Would I assign it for a course? Yes – for a Master’s level advanced micro course (1st semester). No – for a first-year PhD core unless as a supplementary, optional text.
For the first time, students understand that the math isn't arbitrary; it is a deliberate attempt to model real, observed human inconsistency . The PDF’s ability to jump from the paradox to the mathematical derivation of the von Neumann-Morgenstern utility function is seamless. Would I assign it for a course
The book has several key features that set it apart from other advanced microeconomics textbooks. Some of the notable features include: For the first time, students understand that the
Microeconomics is the study of individual economic units, such as consumers and firms, and how they make decisions about how to allocate resources. Some of the notable features include: Microeconomics is
If your goal is to pass the micro theory qualifier at MIT, Harvard, Stanford, or Chicago, this book is . MWG or Jehle & Reny are still required. Muñoz-Garcia covers about 70% of the typical first-semester PhD syllabus but at a lower level of generality. Key omissions: