Introduction to tutorial on the theory of the firm and industry equilibrium
Author: Martin J. Osborne
Copyright © 1997 Martin J. Osborne.
- This hypertext tutorial covers the core material in a second-year undergraduate course I taught in the winter semesters of 1997 and 1998 at McMaster University. It is based on my lectures; like them, it focuses on the basic theory. It includes some examples and exercises.
- The tutorial is not intended as a substitute for a book, but rather as a complement. Some textbooks contain a lot of excellent discussion, which I do not attempt to duplicate.
- Whether or not you read all or part of this tutorial, if you are taking a class in which problems are assigned you should work through all those problems! Definitely the most efficient way of learning the material is to do problems. Only a relatively small number of problems are currently included in this tutorial.
- I very much welcome comments and suggestions. If you find something erroneous or confusing please let me know!
- The entire tutorial is copyrighted.
How to use the tutorial
- The tutorial is a collection of "main" pages, with cross-references to each other, and links to pages of examples and exercises (which in turn have cross-references and links to pages of solutions).
- The main pages are listed in the index, which you can go to at any point by pressing the button on the left with an "I" on it.
- Each page has navigational buttons on the left-hand side, which you can use to make your way through the main pages. The meaning of each button displays in your browser's status box (at the bottom of the screen for Netscape Navigator) when you put the mouse over that button. On most pages there are eight buttons (though on this initial page there are only five), with the following meanings.
- Go to the next main page in the order given on the index page.
- Go to the next main page in the order the material was presented in class.
- Go to the next top-level section (in the order given on the index page).
- Go back to the previous main page in the order given on the index page.
- Go back to the previous main page in the order the material was presented in class.
- Go back to the previous top-level section (in the order given on the index page).
- Go to the index page.
- Search all pages in the tutorial for a string.
- If you'd like to try using the buttons now, pressing the blue
right-pointing arrow will take you to the next main page; to come back here afterwards, press the blue left-pointing arrow on that page.
- After you follow a link on a main page, use your browser's "Back" button to return to that page if you wish to do so before going to the next main page. To help you know where you are, an abbreviated title for the main page to which the buttons on the left correspond is given at the top of the green panel. (For this page, for example, it says "Introduction".) Pages of examples and solutions
to exercises have yellow backgrounds to make it easier to know where you are. If you get "lost", you can always press the index button and go to a main page from there.
Some technical stuff
- The tutorial uses "frames" extensively. If your browser doesn't support frames, I'm not sure what you'll see; I suggest you get the latest version of Netscape Navigator. (Other features that I use may also not be supported by pre-1998 versions of browsers.)
- HTML currently has no tags to display math. I have "faked" the math by using text italic fonts for roman letters, gifs for symbols, small fonts for subscripts and superscripts, and tables for alignments. The result is reasonable using Netscape Navigator with a 12 or 14 point base font and a relatively high resolution monitor, but may not be so great under other circumstances. If what you
see on your screen looks awful, let me know and I'll see if I can do anything about it. One day HTML will acquire the facility to display math ....
Copyright © 1997 by Martin J. Osborne