Professor Roberto Serrano 

Books 

About this book
Allan Feldman and I have completed a textbook on intermediate micro. Its main features are well expressed in the title. It is “short” in that it concentrates on the topics that we view as essential for a good course in intermediate micro. And it is “with calculus” in that it incorporates calculus to the text with no apologies. We still hope that this will not interfere with a reader-friendly writing style. If you need more information about the book, do not hesitate to contact me.

Reference
R. Serrano and A. M. Feldman, A Short Course in Intermediate Microeconomics with Calculus (2nd edition), Cambridge University Press, Cambridge, (2018).

Available from Cambridge University Press

Short Answers to Exercises, Solutions: Graphs
The purpose of this set of (mostly) short answers is to provide a way for students to check on their work. Our answers here leave out a lot of intermediate steps; we hope this will encourage students to work out the intermediate steps for themselves. We also have a set of longer and more detailed answers, which is available to instructors only from Cambridge University Press.

Reviews
"The book, WELFARE ECONOMICS AND SOCIAL CHOICE THEORY, 2nd Edition, by Allan M. Feldman and Roberto Serrano, is an admirable compact distillation of these subjects. What is remarkable is the full and careful presentation of the major results in these areas in a very elementary way, using only very simple mathematical tools with no loss of rigor in the results."
- Kenneth J. Arrow, Stanford University

"You've done a beautiful job of covering the modern territory in the new version of WELFARE ECONOMICS AND SOCIAL CHOICE THEORY, 2nd Edition. Congratulations!"
- Eric Maskin, Institute for Advanced Study

About this book
This book covers the main topics of welfare economics — general equilibrium models of exchange and production, Pareto optimality, un­ certainty, externalities and public goods — and some of the major topics of social choice theory — compensation criteria, fairness, voting, Arrow's Theorem, and the theory of implementation. The underlying question is this: "Is a particular economic or voting mechanism good or bad for society?" Welfare economics is mainly about whether the market mechanism is good or bad; social choice is largely about whether voting mechanisms, or other more abstract mechanisms, can improve upon the results of the market. This second edition updates the material of the first, written by Allan Feldman. It incorporates new sections to existing first-edition chapters, and it includes several new ones.

Reference
A. M. Feldman and R. Serrano, Welfare Economics and Social Choice Theory (2nd edition), Springer, New York, (2006).

Available from Springer Science+Business Media

Errata