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Introduction to Economic Analysis

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. | Introduction to Economic Analysis I V A 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 .