Microeconomics pictures the economy as a collection of agents making supply and demand decisions in order to further their own interests. The collective outcomes of these decisions determine the properties and behaviour of the economy. Consequently, this book provides a detailed account of: (i) the microeconomics of agents in the economy; and (ii) the microeconomics of the economy as a whole, using the Arrow-Debreu model as the over-arching framework. It also discusses a number of applications and provides an account of numerous empirical tests of microeconomic theory.The ultimate aim of the...