Advanced Microeconomic Theory: An Intuitive Approach with Examples

Relative to other textbooks in the market: (1) it emphasizes the intuition behind the mathematical assumptions, (2) includes many step-by-step examples helping students transition from theory to practice, and (3) discusses applications from behavioral and experimental economics within each chapter.

The book is mainly oriented to Masters students in Economics, Finance and Public Policy; to upper undergraduate students; and to PhD students in programs with an applied focus. Every chapter starts with the basics topics using as little math as possible, and covers the standard topics in Masters Microeconomics courses (and most topics in first-year PhD Micro). It covers preference relations, demand theory and applications, producer theory, choice under uncertainty, partial and general equilibrium, monopoly, game theory, imperfect competition, externalities, public goods, and contract theory.

Ancillary materials for instructors: 

  • Solutions Manual, with detailed answer keys to all end-of-chapter exercises; and
  • Editable PowerPoint slides of all chapters, which should facilitate teaching preparation for instructors teaching the class.

Instructors interested in the title can use this link in the MIT Press website to request copies  Link.

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Errata file



Practice Exercises for Advanced Microeconomic Theory

It provides solutions and step-by-step explanations for odd-numbered exercises (107 problems in total) in Advanced Microeconomic Theory: An Intuitive Approach with Examples. The answers emphasize the economic intuition behind each step and result. In combination with the textbook, this workbook can help students improve both their theoretical and practical preparation, in homework assignments and exams.

Book’s website in Amazon

Errata file.



Strategy and Game Theory, Practice Exercises with Answers with Daniel Toro-Gonzalez.

This textbook presents detailed answers to 97 exercises on Game Theory, emphasizing the economic intuition behind each step and finding. The book provides practical examples in which students can learn, step by step, to systematically apply solution concepts to different fields of Economics, Business, and Political Science (from simple ones, such as strategic dominance and Nash Equilibrium, to more sophisticated, such as Bayesian Equilibrium and Perfect Bayesian Equilibrium in signaling games). Every chapter starts by presenting a quick review of the basic theoretical tools, then describes introductory games discussed in most undergraduate courses, and gradually advances to more challenging games appropriate for Master-level courses.

Book’s website in Amazon

Errata file  (only applicable for books purchased before June 2017).



WSPC Reference on Natural Resources and Environmental Policy in the Era of Global Change  (Volume dedicated to Game Theory)

The set focuses on the economic and strategic aspects of interactions among various parts of society, all dependent on the utilization of limited natural resources and their impact on the environment. Policy implications are addressed, including current challenges and future perspectives.


Book’s website in Amazon