Microeconomics: Principles and Applications

Hall (economics, Stanford University) and Lieberman (economics, New York University) have added expanded treatment of supply elasticity and tax incidence, network externalities, and the Nash equilibrium to this text on core principles of microeconomics. Avoiding nonessential material and distracting features such as interviews and news clippings, the text focuses on explaining concepts and presenting concrete examples, and includes boxes on common misconceptions and capstone chapters which pull together tools learned over several chapters and apply them to real-world issues. Annotation ©2004 Book News, Inc., Portland, OR

Robert E. Hall is a prominent applied economist. He is the Robert and Carole McNeil Joint 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. He is the President of the American Economic Association for the year 2010. He is also 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 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 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 at Santa Cruz, and the University of Hawaii, as well as at NYU. He has twice won NYU'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 professionalscreenwriter, and teaches screenwriting at NYU's School of Continuing and Professional Studies.