Student Resources

Microeconomic Foundations I Microeconomic Foundations I : Choice and Competitive Markets
David M. Kreps

Following are links to chapter-by-chapter “guides for students,” to accompany the chapters in Microeconomic Foundations I: Choice and Competitive Markets. Each of these provides a brief summary of the corresponding text chapter and solutions to the starred problems in the text. The first link is to an introduction to these chapter-by-chapter guides; please follow this link and read that item if you are accessing this for the first time. 
 

You have permission to print copies of these chapters for your personal use. In addition, instructors of courses using Microeconomic Foundations I: Choice and Competitive Markets have permission to print multiple copies of these chapters to distribute to students in the course, to provide to course assistants, and/or to put on reserve for the use of students in such a course. Instructors also have permission to “cut-and-paste” solutions of individual problems for distribution to students. (If you are distributing “cut-and-paste copies,” you must include the copyright/permissions notice that appears on the first page of each chapter.) 
 

For all other uses, please obtain written (email) permission from David M. Kreps (kreps@stanford.edu).

Using this Student's Guide - READ ME

1 PDF file(s)   58.6 KB

Errata

1 PDF file(s)   261.5 KB  (Uploaded 1-21-25)

Chapter 1: Choice, Preference, and Utility

1 PDF file(s)   274.1 KB

Chapter 2: Structural Properties of Preferences and Utility Functions

1 PDF file(s)   296.3 KB (11-22-2023)

Chapter 3: Basics of Consumer Demand

1 PDF file(s)   167.6 KB

Chapter 4: Revealed Preference and Afriat's Theorem

1 PDF file(s)   89 KB

Chapter 5: Choice under Uncertainty

1 PDF file(s)   244 KB

Chapter 6: Utility for Money

1 PDF file(s)   458.4 KB

Chapter 7: Dynamic Choice

1 PDF file(s)   150.9 KB

Chapter 8: Social Choice and Efficiency

1 PDF file(s)   265. 1 KB

Chapter 9: Competitive and Profit-Maximizing Firms

1 PDF file(s)   329.1 KB

Chapter 10: The Expenditure-Minimization Problem

1 PDF file(s)   174.4 KB

Chapter 11: Classic Demand Theory

1 PDF file(s)   158.5 KB

Chapter 12: Producer and Consumer Surplus

1 PDF file(s)   134.8 KB

Chapter 13: Aggregating Firms and Consumers

1 PDF file(s)   183.6 KB

Chapter 14: General Equilibrium

1 PDF file(s)   276.5 KB

Chapter 15: General Equilibrium, Efficiency and the Core

1 PDF file(s)   200.8 KB

Chapter 16: General Equilibrium, Time, and Uncertainty

1 PDF file(s)   376.9 KB

Appendix 6: Dynamic Programming

1 PDF file(s)   127.8 KB

About the Envelope Theorem

1 PDF file(s)   340 KB

Student Guide - Zip of All Files

1 ZIP file(s)   4.2 MB