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Introduction about Economic Analysis

The book can easily serve as an intermediate microeconomics text. The focus of this book is on the conceptual tools and not on fluff. Most microeconomics texts are mostly fluff and the fluff market is exceedingly overserved by $100+ texts. In contrast, this book reflects the approach actually adopted by the majority of economists for understanding economic activity. There are lots of models and equations and no pictures of economists. | y Introduction to Economic Analysis by R. Preston McAfee J. Stanley Johnson Professor of Business Economics Management California Institute of Technology McAfee Introduction to Economic Analysis http www.introecon.com July 24 2006 i Dedication to this edition For Sophie. Perhaps by the time she goes to university we ll have won the war against the publishers. Disclaimer This is the third draft. Please point out typos errors or poor exposition preferably by email to intro@mcafee.cc. Your assistance matters. In preparing this manuscript I have received assistance from many people including Michael Bernstein Steve Bisset Grant Chang-Chien Lauren Feiler Alex Fogel Ben Golub George Hines Richard Jones Jorge Martínez Joshua Moses Dr. John Ryan and Wei Eileen Xie. I am especially indebted to Anthony B. Williams for a careful detailed reading of the manuscript yielding hundreds of improvements. McAfee Introduction to Economic Analysis http www.introecon.com July 24 2006 ii This work is licensed under the Creative Commons Attribution-NonCommercial-ShareAlike License. To view a copy of this license visit http creativecommons.org licenses by-nc-sa 2.0 or send a letter to Creative Commons 559 Nathan Abbott Way Stanford California 94305 USA. Please email changes to intro@mcafee.cc. Introduction to Economic Analysis Version 2.0 by R. Preston McAfee J. Stanley Johnson Professor of Business Economics Management California Institute of Technology Begun June 24 2004 This Draft July 24 2006 This book presents introductory economics principles material using standard mathematical tools including calculus. It is designed for a relatively sophisticated undergraduate who has not taken a basic university course in economics. It also contains the standard intermediate microeconomics material and some material that ought to be standard but is not. The book can easily serve as an intermediate microeconomics text. The focus of this book is on the conceptual tools and not on fluff. Most .