Index / 001 EN

Economics

Economics

Introduction to Economic Analysis

R. Preston McAfee

A demanding bridge from an economics survey to explicit models, graphical reasoning and the analytical work needed for further study.

Prerequisites: Know elementary calculus, algebra and graph interpretation. No earlier university economics course is required by the author, but the mathematics and model-based reasoning make this a demanding route through economic foundations.

Difficulty Level
Intermediate
Academic Level
Undergraduate
economic analysisCalculusprinciples of economicsopen textbook

01 / Reading Guide

Reading Guide

Who this book is for

For mathematically prepared undergraduates who want a rigorous route through introductory economics and into standard intermediate microeconomic models. It is also useful after a descriptive survey, when supply and demand are familiar but optimization and comparative statics still need to be worked through explicitly.

Prerequisites

Know elementary calculus, algebra and graph interpretation. No earlier university economics course is required by the author, but the mathematics and model-based reasoning make this a demanding route through economic foundations.

What it covers

The author integrates principles with consumer and producer theory, market imperfections and strategic behavior. Calculus and equations are central tools, rather than optional decorations around a verbal survey. The book develops conceptual models that can be manipulated and checked, with economic applications supplying a reason to examine the assumptions.

How to use it

For each model, write the economic question, assumptions and variables before following its solution. Reproduce a graph without looking at the page and explain how it relates to the algebra. Attempt the exercises first, then use an answer to diagnose the earliest incorrect step. Finally change one assumption and say which conclusion still follows.

Edition and sources

The selected work is McAfee’s author version 2.0, whose frontmatter labels July 24, 2006 as a draft date. Caltech’s repository record also holds an earlier file and dates the original record to 2005; that is not the date assigned to this selected file. No formal publication year or ISBN is inferred. The later McAfee–Lewis FlatWorld adaptation is a separate bibliographic manifestation. Author repository

Open the official resource