▼ Mas-Colell / Whinston / Green “Microeconomic Theory” (Oxford, 1e: 1995) ☼
The indispensable standard. You’ll read it cover to cover, probably more than once.

Reny / Jehle “Advanced Microeconomic Theory” (Addison-Wesley, 2e: 2000) ☼ Varian “Microeconomic Analysis” (W.W. Norton, 3e: 1992) ☼

Although an advanced undergraduate text, it covers similar content to MWG and can serve as an introduction.

Varian is known for being very clear and to-the-point. Less formal than MWG and more selective in content.

One of the best things to read in preparation for first-year micro (or along with it) is Hirshleifer / Riley's "Analytics of Uncertainty and Information;" a very intuitive introduction to these key topics. Billed as a graduate micro textbook, but not formal enough for today's demands, is "A Course in Microeconomic Theory" ☼ by Kreps some enjoy it as a conceptual starter that covers all the major topics (though, for an appetizer, it's a bit too calorific - long-winded - for my taste). Gibbons' "Primer in Game Theory" (alternate title" "Game Theory and Applications" ☼) is an idea for a preview of game theory with many interesting examples. One will typically need a specialized game theory book from the second term (although MWG cover game theory in some depth). Osborne / Rubinstein's "A Course in Game Theory" and Myerson’s “Game Theory: Analysis of Conflict” are good and reasonably priced. Fudenberg / Tirole’s “Game Theory” is an extensive, more formal, treatment. Tirole’s “The Theory of Industrial Organization” is the standard in that subfield (preferable, in my opinion, to the more recent "Industrial Organization: Theory and Applications" ☼ by Shy, although that includes new topics). The burgeoning importance of agency theory called for a dedicated textbook, which is now available from the Tiroles of information economics, Laffont / Martimort ("The Theory of Incentives").

If Simon / Blume is hard going. Norton. 1e: 2000) Comprehensive and lucidly written. Chiang's other book. A little book of pure math that squeezes all the best definitions and proofs into a pocketsized format. the best introduction is Capinski / Kopp's "Measure. A classic." Kelley's "General Topology" is a terrific old text. If you want to learn measure theory (which eventually is necessary for micro theory and econometrics. unfortunately. the Dover reprint of Lancaster's "Mathematical Economics" is cheap and handy.. and relegates background material to a well-written set of appendices. it omits many proofs.) Should the "Fundamental Methods" address critical needs. down the road). "Elements of Dynamic Optimization" is not worth getting: it's in continuous time. (Incidentally. measure theory. Thorough coverage of linear algebra." Dixit's "Optimization in Economic Theory" is brief and conceptual.. you might as well invest another fifteen dollars for Schaum's "Outline of Mathematical Economics" (by Dowling). very accessible reference for optimization is Intriligator's "Mathematical Optimization and Economic Theory. A bargain at the price. For those who have seen it all before and just need a quick review. 1e: 1994) ☼ Sundaram “A First Course in Optimization Theory” (Cambridge. as the title says. whereas in much of modern macro you want discrete time. see the Dover edition of Mendelson's "Introduction to Topology. Rudin's "Principles of Mathematical Analysis" ☼ (or "Baby Rudin"). and complex numbers. but . it treats (a somewhat dated choice of) optimization topics in the main part. would come highly recommended as a reference if it weren't so outrageously priced outside the ☼ markets. More advanced treatments like Royden’s “Real Analysis” and Rudin’s “Real and Complex Analysis. Modern and accessible." which will take you by the hand through everything you should already know (but no real analysis)." . become useful in the second term and second year. makes good (though perhaps not essential) bedtime reading. for a concise introduction to basic topology at the right price. 1e: 1996) Optimization theory. but can serve as a review. This is actually too basic for the first year. Integral and Probability. Simon / Blume “Mathematics for Economists” (W.W. then (you should be rather worried and lose no time but) grab Chiang's "Fundamental Methods of Mathematical Economics.” ☼ which cover functional analysis.MATHEMATICAL ECONOMICS ▼ De la Fuente “Mathematical Methods and Models for Economists” (Cambridge. with a wealth of solved problems.

the standard source is Barro / Sala-i-Martin’s “Economic Growth” ☼. but by the looks of the content. Chicago-schoolers swear by Stokey / Lucas / Prescott's “Recursive Methods in Economic Dynamics. time series econometrics etc. My impression is that the "freshwater" school is carrying the day and dominating the modern literature.” a detailed exposition of dynamic programming theory and a second-term / second-year must-read for macroeconomists. 1e: 2000) Samples a lot of modern technique and selected applications. it is still relevant (less true of the immediate predecessor. "eclectic" first-semester course. reads like a set of rough lecture notes. 2e: 2001) ☼ Thoughtful and empirically driven. The former school of thought is sometimes labeled as "freshwater" (since its proponents are located around the Great Lakes). Now there's a solution manual (Irigoyen et al. stochastic growth. There is now a nice introduction to dynamic programming. a good overview. but does not attempt to build technical skills.” For numerical methods. Sargent's "Macroeconomic Theory"). Now a voluminous second edition has been drafted and is still available for free downloading (as is a first go at a solution manual)." It's an ideal and reasonably priced entry to "freshwater macro. the book covers the intuition of influential models. Open economy macroeconomics is covered extensively (and. called “Dynamic Macroeconomic Theory. For growth theory. at an undergraduate level.but it is not (as one might expect) a simultaneous introduction to Matlab. numerical methods. Ljungqvist / Sargent “Recursive Macroeconomic Theory” (MIT.I haven’t read this.) . and the latter as "saltwater" (as it is popular along the US coasts). Judd’s text “Numerical Methods in Economics” is widely used . really. In survey manner. it appears to emphasize differential equations and dynamic methods with a "freshwater" leaning." Sargent has an older text. Azariadis’ “Intertemporal Macroeconomics” I haven’t read. very well) in Obstfeld / Rogoff’s “Foundations of International Macroeconomics.MACROECONOMICS ▼ Blanchard / Fischer “Lectures on Macroeconomics” (MIT. all in one small book: Adda / Cooper's "Dynamic Economics: Quantitative Methods and Applications.” accompanied by Manuelli's solution manual . Romer “Advanced Macroeconomics” (McGraw-Hill. which have become essential to computational macroeconomics. Aghion / Howitt’s “Endogenous Growth Theory” is a specialized treatment. but not everyone would agree. by all accounts. .you'll probably need it. 1e: 1989) The old stand-by. but roughly we could group them into those that consistently work with special cases of the neoclassical growth model and those covering an eclectic range of models with diverse assumptions and occasional handwaving about micro foundations in favor of an interesting result. still good for a solid. There are many approaches to teaching first-year macro.

"Introduction to the Theory and Practice of Econometrics" ☼ offers a very nice. this weary oldtimer is still a standard text. more modern than Hogg and Craig." (They're all said to be excellent.. Then there's a whole series of graduate econometrics texts by Gourieroux / Monfort. Baltagi’s “Econometric Analysis of Panel Data” or Wooldridge's "Econometric Analysis and Panel Data. Hogg / Craig “Introduction to Mathematical Statistics” (Prentice Hall. there's Maddala’s “LimitedDependent and Qualitative Variables in Econometrics. perhaps more accessibly (and certainly more concisely).” ☼ That intimidating tome by Judge et al. Overexplains and shys from the use of complex variables. and somehow not an entirely satisfying book to learn from. but it is a useful reference. comprehensive approach to estimation at a closer look.) "Nonparametric Econometrics" is covered in the book of that title by Pagan / Ullah. and infinitely the preferable probability and statistics text of the two. Shiryayev's "Probability" is its equally admired competitor.” For panel data. 5e: 1994) ☼ Incomprehensibly. particularly Wooldridge is popular. Billingsley’s “Probability and Measure” ☼ is a higher-pitched. Good review books in econometrics.” Enders' "Applied Econometric Time Series" ☼ is a far more basic and selective introduction. 4e: 1999) ☼ More demanding." it may offer more detail and rigor than initially needed. but is quite brief. Hayashi “Econometrics” (Princeton. Gallant’s “An Introduction to Econometric Theory” runs along the same lines. (But both are difficult books if you're not well-trained in analysis. too. Ruud “An Introduction to Classical Econometric Theory” (Oxford. 1e: 2000) ☼ Even though the GMM perspective makes it perhaps a more difficult book at first. are Johnston / DiNardo’s “Econometric Methods” ☼ and Verbeek’s “A Guide to Modern Econometrics. Emphasizes maximum likelihood as an organizing principle.ECONOMETRICS ▼ Casella / Berger “Statistical Inference” (Wadsworth. reportedly much in the French tradition of excellent precision and terrible pedagogics. . The book is rather too encyclopedic to study from." or yet Hsiao's "Analysis of Panel Data. The gaping void in the market for books on the mathematical foundations of econometrics is about to be redressed by the forthcoming titles by Bierens and McFadden (see the online lecture notes for the manuscripts). 2e: 2001) ☼ Greene “Econometric Analysis” (Prentice Hall.) White's "Asymptotic Theory for Econometricians" covers the same class of topics. It’s well-written. The standard specialty text for time series is Hamilton’s exhaustive “Time Series Analysis. and it's at the right technical level. albeit not at the technical level of graduate school. the approach is theoretically attractive and modern. 1e: 2000) Though I have not read it. people rave about the detailed exposition and instructive proofs. For limited dependent variables. at a comfortable level. well-regarded probability text that also develops measure theory. Davidson / MacKinnon's “Estimation and Inference in Econometrics” is popular with econometricians and supposedly "deep.

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