This textbook for master programs in economics offers a comprehensive overview of
microeconomics. It employs a carefully graded approach where basic game theory concepts are
already explained within the simpler decision framework. The unavoidable mathematical content
is supplied when needed not in an appendix. The book covers a lot of ground from decision
theory to game theory from bargaining to auction theory from household theory to oligopoly
theory and from the theory of general equilibrium to regulation theory. Additionally
cooperative game theory is introduced. This textbook has been recommended and developed for
university courses in Germany Austria and Switzerland.
