Online Text and Notes in Intermediate Microeconomics
The first edition of this text was published by Cambridge University Press in 2009. The second edition, last updated 2021, is available as a free 765-page PDF download. To accompany the text, the site has a ZIP file of 116 Excel workbooks.
Freely downloadable PDF version of a printed textbook. "The book focuses on the concepts of model and equilibrium. It states models and results precisely, and provides proofs for all results. It uses only elementary mathematics (with almost no calculus), although many of the proofs involve sustained logical arguments. It includes about 150 exercises."
Available in two editions: one uses he/him pronouns throughout; the other uses she/her pronouns.
The second (2020) edition of this textbook, originally published 2008 by Cambridge University Press, is freely available. "This book is different from the many other books that attempt to teach microeconomics in three ways:
- It explicitly applies the recipe of the economic approach in every example.
- It uses concrete examples via Microsoft Excel in every application, which enables the reader to manipulate live graphs and learn numerical methods of optimization.
- The majority of the content is in the Excel workbooks which the reader uses to create meaning."
Nicholas Economides' network economics home page, with links to his main papers on the subject including (most useful for teaching) his 'Economics of Networks' review article, interactive bibliography, and links to US anti-trust materials centred on the Department of Justice vs Microsoft case.
A hand-out for a principles/intermediate level course in microeconomics, discussing a method to measure aggregate consumer welfare in a market economy without invoking individual utility functions. It should also prove useful to students of managerial economics who are interested in rigorous analysis.
An Introduction to Investment Theory is an online textbook "designed for use in a four-week teaching module for master's students studying introductory finance", written by William N. Goetzmann of Yale University, School of Management. Eight chapters covering theories of financial investment decision, risk, portfolio selection, asset pricing, arbitrage, capital market efficiency. Assumes some basic statistical knowledge, but presentation mostly uses diagrams and simple algebra. This link goes to the Internet Archive's copy of the site.
This is a blog, running from 2012 to 2015, in which Prof. Arvan answers questions from students about Microeconomics (Principles or Intermediate). Posts are organised by date and by topic.
Fourteen-page booklet, plus references, adapted from Peter Earl & Tim Wakeley (2005) Business Economics: a Contemporary Approach (ISBN 9780077103927).
Lecture outline from a module in intermediate micro.
This is a complete textbook covering intermediate microeconomics, released online under a Creative Commons license and downloadable as a 352-page PDF file. Chapter titles are "What is Economics?" "Supply and Demand", "The US Economy", "Producer Theory", "Consumer Theory", "Market Imperfections" and "Strategic Behaviour". This text contains a number of topics and case studies not covered in other texts, for details of which see the home page.
This is a 234-page textbook written by a graduate student. It is available as a single 1Meg PDF file. A separate version with far less maths is also available. The text is in four sections: "One: The Optimising Individual", "One v. One, One v. Many", "Many v. Many" and "The Role of Government".
PowerPoint presentation depicting decision-making under risk, showing how risk attitudes can be examined using choices among lotteries or willingness to pay for insurances. Shows how risk attitudes can be captured in convexity of the indifference curve or strict concavity of the utility function; and how risk aversion can be quantified by the ratio of second and first derivatives of the utility function, implying that it falls as wealth increases.
This complete set of materials for teaching income tax has been used in a second year undergraduate microeconomics course for economics specialists at the London School of Economics. The material could also be used in a public finance course. There are 107 Powerpoint slides, a worked example to support the lecture, a class activity involving student presentations (printable instructions for students and for lecturers) and some assessment questions.
Archived page from a course taught in 2008. It contains 100+ lecture slides covering the demand and supply sides of partial equilibrium analysis, including effects of shifts in demand and supply, price elasticities of demand and supply, short- and long-run changes, efficiency and welfare analysis, impact of taxes and price controls, extension to international trade. Uses clear graphics and simple equations. Also includes a course syllabus, coursework assignments and a sample exam paper.
This 134-page PDF file contains notes for slides for the whole of the fifth edition of Varian's textbook on intermediate microeconomics.
This course webpage supports Intermediate Microeconomic Theory as taught by Sergei Izmalkov of MIT in 2006. Follow the download this course link for a zip file that contains this 22-lecture course. It is divided into "Producer Part," "Consumer Part," "Equilibrium Analysis," "Strategic Considerations" (including asymmetric information) and "Special Topics". Some brief lecture notes for each are archived in PDF.
Created to accompany an intermediate microeconomics course, these PDF files include text, equations and graphs, with hyperlinks to help the reader navigate around each of the 13 tutorials. The files also include interactive multiple-choice quizzes. Topics covered include Decisions and Markets, Pricing and Equilibrium and Tradeoffs and Choice. This link is to Archive.org's copy of the site, dating from November 2005.
Lecture notes on theory of the firm, growth of firms and industry concentration, barriers to entry, product differentiation, welfare effects of monopoly and other industrial topics. Some handwritten; most contain graphical presentation as well as algebra, some accompanied by slides. Linked to 10-week Industrial Economics course at City University, as taught in 2005.
Note-form PDFs from a 20-lecture graduate-level course delivered in 2004, along with a reading list, two problem sets and a sample exam. From the course description, "Overall, this course focuses on microeconomics, with some topics from macroeconomics and international trade. It emphasizes the integration of theory, data, and judgment in the analysis of corporate decisions and public policy." The main course text is Parkin, "Microeconomics".
This course webpage for Prices and Markets, as taught at Strathclyde University includes sets of lecture slides for the 2003/4 course in PDF, as well as problem sets (short answer and True/False) with answers in a separate file. There are also some sample questions from past exams. The site is no longer online so this link goes to the Web Archive's copy.
This is a large (half-megabyte) PDF file, scanned from 21 pages of typewritten lecture notes, in which Nobel laureate McFadden tells a witty alternative tale of Robinson Crusoe. Walras and Keynes appear on his island to offer advice on the maximisation of happiness and his employment of Man Friday. Indifference curves, production possibility curves and profit maximisation are among the topics addressed.
Behavioral Economics is a draft of the opening chapter of C Camerer, G Loewenstein and M Rabin (eds)(2003) Advances in Behavioral Economics, Princeton University Press. It covers the main heuristics and judgement biases revealed by psychological experiments and statistical surveys on choice, and the implications for macroeconomics, financial economics, labour economics and other areas where 'rational' choice is traditionally assumes.
Network Economics is an introductory text by Anna Nagurney of the Isenberg School of Management, University of Massachusetts. It includes notes and reading list on economics of networks, mostly as text and basic diagrams. Includes cost and distance optimisation problems, congestion (including Braess's Paradox) and applications of networks to economics.
Twelve tutorials on microeconomic topics are available on this course web site, each divided into short chunks and with graphics and Excel worksheets. The topics are: Reservation Prices, Supply and Demand, Price Elasticity, Consumer Choice, Consumer Demand, Production, Costs, Price-taking Firms, Monopolistic Firms, Wage-taking Firms, and Monopsonistic Firms.
Ten Excel spreadsheets, each with a worksheet in Microsoft Word format, are held here. Each spreadsheet takes several different inputs from the student and the worksheets give specific guidance on how to use them. Topics are: Working with Lines, Market Equilibrium, Market with tax, Cardinal Utility, Consumer Choice, Income and Substitution Effects, Products and Costs, Competitive Firm, Competitive Industry, and Monopoly.
A dozen sets of bullet-point lecture slides from an MBA course in microeconomic analysis, with some past exercises. Topics are: Creating Value, Added Value in Trade, Monopolistic Markets, Costs of Production to Mass Markets, Pricing to Mass Markets, Pricing with Multiple Buyers and Sellers, Production in Perfectly Competitive Markets, Barriers to Entry and Competition, Game Theory Revisited, Oligopoly, and Review and Extensions to Business Strategy.
This is a course web site from 1999, with links to sites for previous years. It includes problems sets, suggested readings and past exams papers. Topics addressed are: Axiomatic development of utility functions, Axiomatic development of expected utility, Applying expected utility theory, Introduction to Revealed Preference, Consumer Theory Handout, Consumer Theory: Summing Up, and Applied Consumer Theory. All material is in PDF.
This link takes you directly to a PDF file of a Robert Marks chapter on demand. It covers a "theory of market demand from a small number of axioms of rational choice", including a theory of rational choice, utility bundles and indifference curves, constrained maximisation of utility, the Edgeworth Box, individual demand function, comparative statics, including the Slutsky equation and the market demand curve and relevant elasticities.
This is the complete text (24 chapters) of an intermediate microeconomics textbook, with many graphics. The first edition was published in 1986, with additional chapters added in 1990. Main sections include "Competitive Equilibrium in a Simple Economy", "Complications, or Onward to Reality", "Judging Outcomes" and "Applications, Conventional and Un-". Each chapter includes questions at the end.
The Nobel Foundation makes available a great deal of material on each of the Economics prize winners, including video of each Prize Lecture since Robert Mundell in 1999. As well as a lay introduction to each prize winner's research, there are "Advanced information" links giving a more technical explanation. This link is to the Economics Network's quick index of lecture videos and related materials on the site. Each video is a full lecture (usually between 40 and 60 minutes) with good audio and video quality, and pitched at a non-technical audience. Transcripts of each lecture are available.