Microeconomics: Principles and Applications with Xtra! CD-ROM and InfoTrac

Covers microeconomic decision makers, product markets, labor and capital and financial markets, and government and the global economy. Material is presented in a framework of four "key steps" to understanding the economy, consisting of characterizing markets, identifying goals, finding equilibrium, and changes in market equilibrium. Learning features include chapter summaries, key terms, review questions, problems, exercises, Internet activities, and challenge questions. This second edition contains a new chapter on the microeconomics of online retailing. Hall teaches economics at Stanford University. Lieberman teaches economics at New York University. Annotation c. Book News, Inc., Portland, OR

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Hall (economics, Stanford U.) and Lieberman's (economics, New York U.) introductory college text explains the basic principles of economics and how economists use them to understand the world. The updated second edition features an optional appendix on using consumer and producer surplus to gauge efficiency, and an entirely new final chapter, "Using All the Theory: The Microeconomics of Domestic Security." All data tables and figures have been updated, and answers to even-numbered problems and exercises are now included in the back of the book. The accompanying CD-ROM contains several additional online learning tools. Annotation c. Book News, Inc., Portland, OR (booknews.com)

Robert E. Hall is a prominent applied economist. He is the Robert and Carole McNeil Professor of Economics at Stanford University and Senior Fellow at Stanford's Hoover Institution where he conducts research on inflation, unemployment, taxation, monetary policy, and the economics of high technology. He received his Ph.D. from MIT and has taught there as well as at the University of California, Berkeley. Hall is Director of the research program on Economic Fluctuations of the National Bureau of Economic Research, and Chairman of the Bureau's Committee on Business Cycle Dating, which maintains the semiofficial chronology of the U.S. business cycle. He has published numerous monographs and articles in scholarly journals, and coauthored a popular intermediate text. Hall has advised the Treasury Department and the Federal Reserve Board on national economic policy, and has testified on numerous occasions before congressional committees.

Marc Lieberman is Clinical Associate Professor of Economics at New York University. He received his Ph.D. from Princeton University. Lieberman has presented his extremely popular Principles of Economics course at Harvard, Vassar, the University of California, Santa Cruz, and the University of Hawaii, as well as at NYU, where he won the university's Golden Dozen teaching award and also the Economics Society Award for Excellence in Teaching. He is coeditor and contributor to The Road to Capitalism: Economic Transformation in Eastern Europe and the Former Soviet Union. Lieberman has consulted for the Bank of America and the Educational Testing Service. In his spare time, he is a professional screenwriter. He co-wrote the script for Love Kills, athriller that aired on the USA Cable Network, and he teaches screenwriting at NYU's School of Continuing and Professional Studies.