Microeconomics: Principles and Applications, 6th Edition

  • Robert E. Hall Stanford University
  • Marc Lieberman New York University
  • ISBN-10: 1111822565
  • ISBN-13: 9781111822569
  • 552 Pages Paperback 
  • Previous Editions: 2010, 2008, 2005
  • © 2013 | Published
  • College Bookstore Wholesale Price = $191.25 
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About The Solution

Overview

Show students how today's microeconomic policy issues, decisions, and applications impact them every day with the practical, accessible presentation in MICROECONOMICS. Written by acclaimed economists Hall and Lieberman, this straightforward, contemporary text remains as current as the latest headlines. Fresh new cutting-edge examples throughout this edition as well as updated mini-cases clearly illustrate core microeconomic principles and applications in action. This edition's streamlined chapters focus on today's most important microeconomic theories and events as well as how they relate to practical situations. This easy-to-understand comprehensive text equips students with a solid foundation in microeconomics that students can build on for success no matter what their careers. New diagrams, interactive online exercises, graphing applications, and internet research resources give students hands-on experience in understanding current microeconomic challenges. This edition presents the latest thinking from leading economics. Dynamic online resources, such as Aplia™ (a leading online homework manager), CourseMate online tools, and CengageNOW™, help ensure students master key principles and applications.


Additional Product Information

Features/Benefits

  • PROVEN AUTHORS OFFER AUTHORITATIVE, PRACTICAL PERSPECTIVES ON EMERGING ISSUES. A cutting-edge researcher, author Robert Hall is well recognized as one of the nation's most respected economists. Author Marc Lieberman combines his talents as a prominent leading economist and award-winning teacher to provide a practical perspective as well as business insights to the book.
  • EMPHASIS ON CORE MICROECONOMIC THEORY ENSURES SOLID FOUNDATION. Hall/Lieberman's signature, accessible, no-nonsense approach ensures all students gain a solid understanding of core microeconomic theories and applications. You can use this comprehensive base of knowledge as a launching pad for interesting extensions of key topics.
  • CLEAR MICROECONOMICS APPROACH CLARIFIES CONCEPTS FOR STUDENTS. This edition's sensible approach to microeconomics includes a separate chapter covering the MC=MR rule of profit maximization before addressing each individual market structure. In addition, the chapter on efficiency appears after market structures to separate description and assessment issues, and provide a more unified, understandable approach.
  • HOMEWORK AND COURSE MANAGEMENT TECHNOLOGY AS WELL AS CASES ENSURE AN INTERACTIVE, DYNAMIC LEARNING ENVIRONMENT. Cutting-edge homework and course management technology, such as Aplia™, CengageNOW™, and CourseMate online resources, offer you flexibility and significant time savings. New and revised end-of-chapter "Using the Theory" mini-cases give you relevant real-world applications to further encourage lively class discussions or meaningful homework.

What's New

  • NEW "USING THE THEORY" FEATURES THROUGHOUT THE EDITION REFLECT FRESH, PRACTICAL APPLICATIONS. Many of the chapters offer updated "Using the Theory" mini-cases to further emphasize the immediate value and practical application of concepts students are learning.
  • UPDATED MICROECONOMIC FACTS AND DATA REFLECT TODAY'S LATEST EMERGING INFORMATION. This edition incorporates the most recent, pertinent microeconomic and financial data from today's headlines into an updated contemporary presentation to ensure your students are prepared to deal with tomorrow's challenges.
  • FRESH, UPDATED EXAMPLES HIGHLIGHT TODAY'S MOST CONTEMPORARY SITUATIONS AND CHALLENGES. This edition's memorable, practical examples bring today's latest business and microeconomic situations to life while emphasizing key concepts from the text.
  • STREAMLINED MICROECONOMIC CHAPTERS FOCUS ON CONCEPTS MOST IMPORTANT FOR SUCCESS. Purposeful, concise, yet thorough content throughout the microeconomic chapters is streamlined in this edition to emphasize the concepts and applications most critical in business and microeconomics today.
  • NEW DIAGRAMS CLARIFY CONCEPTS AND AID STUDENT UNDERSTANDING. This edition provides new clear diagrams to visually reinforce the microeconomic concepts presented in the text and ensure student comprehension.
  • OPTIONAL CONTENT IS NOW AVAILABLE IN APPENDIXES. The authors have relocated some microeconomics material to easily accessible appendixes to give you the flexibility to incorporate or omit this information from your course, depending on your students' needs.

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Printed Text + Aplia 1-Semester Instant Access
ISBN-10: 1285047540  | ISBN-13: 9781285047546
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This Bundle Includes:

  • Microeconomics: Principles and Applications
    List Price = $257.95  | CengageBrain Price = $205.99  | College Bookstore Wholesale Price = $191.25
  • Aplia 1-Semester Instant Access
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Bundle: Text + Aplia Printed Access Card
ISBN-10:  1285047559 | ISBN-13:  9781285047553
List Price = $271.95  | College Bookstore Wholesale Price = $201.25

This Bundle Includes:

  • Microeconomics: Principles and Applications
    List Price = $257.95  | CengageBrain Price = $205.99  | College Bookstore Wholesale Price = $191.25
  • Aplia Printed Access Card
    List Price = $131.95  | College Bookstore Wholesale Price = $97.75


Table of Contents

Part I: PRELIMINARIES.
1. What Is Economics?
2. Scarcity, Choice, and Economic Systems.
Part II: MARKETS AND PRICES.
3. Supply and Demand.
4. Working with Supply and Demand.
5. Elasticity.
Part III: MICROECONOMIC DECISION MAKERS.
6. Consumer Choice.
7. Production and Cost.
8. How Firms Make Decisions: Profit Maximization.
Part IV: PRODUCT MARKETS.
9. Perfect Competition.
10. Monopoly.
11. Monopolistic Competition and Oligopoly.
Part V: LABOR, CAPITAL, AND FINANCIAL MARKETS.
12. Labor Markets.
13. Capital and Financial Markets.
Part VI: EFFICIENCY, GOVERNMENT, AND THE GLOBAL ECONOMY.
14. Economic Efficiency and the Competitive Ideal.
15. Government's Role in Economic Efficiency.
16. Comparative Advantage and the Gains from International Trade.

Supplements

Instructor Supplements

Instructor Supplements

All supplements have been updated in coordination with the main title. Select the main title’s "About the Solution" tab, then select "What's New" for updates specific to title's edition. For more information about these supplements, or to obtain them, contact your Learning Consultant.

CourseMate with Global Economic Crisis Resource Center, Global Economic Crisis - Global Issues in Context, Global Economic Crisis - Community Server Instant Access  (ISBN-10: 1133662676 | ISBN-13: 9781133662679)

Cengage Learning's CourseMate brings course concepts to life with interactive learning, study, and exam preparation tools that support the printed textbook. Maximize your course success with the integrated eBook and chapter-specific learning tools that include flashcards, quizzes, videos, and more in your CourseMate. Key Features: Interactive eBook, Engagement Tracker, Learning Objectives, Tutorial Quizzes, Glossary and Flashcards, and Web Links and References.

List Price = $141.00  | CengageBrain Price = $141.00  | College Bookstore Wholesale Price = $141.00


DVD: BBC Economics News Videos  (ISBN-10: 0538480114 | ISBN-13: 9780538480116)

BBC News Video Segments deliver the "real world" right to students' desktops, giving students a context for how economic topics affect world and national events as well as their own daily lives, and helping them learn material by applying it to current events.


Instructor's Manual  (ISBN-10: 1133562515 | ISBN-13: 9781133562511)

The manual provides chapter outlines, teaching ideas, experiential exercises for many chapters, answers to online review questions,and solutions to all end-of-chapter problems. This manual is also intended for use with the Economics and Macroeconomics versions of Hall/Lieberman 6e.


Microeconomics with Steven Tomlinson Instant Access Code  (ISBN-10: 0324541155 | ISBN-13: 9780324541151)

Offer your students instant economic instruction whenever and wherever it's convenient for them. Tomlinson online multimedia video lecture series provides students with instructional assistance 24/7. Students can watch these segments over and over as they prepare for class, review topics, and study for exams. Lecture notes and quizzes for each segment are also available. You can require students to view videos before class to leave the class time free for activities or further explanation.

List Price = $94.95  | CengageBrain Price = $94.49  | College Bookstore Wholesale Price = $70.25


Student Supplements

Student Supplements

All supplements have been updated in coordination with the main title. Select the main title’s "About the Solution" tab, then select "What's New" for updates specific to title's edition. For more information about these supplements, or to obtain them, contact your Learning Consultant.

MindLink for Aplia 1-Semester Instant Access  (ISBN-10: 1285323297 | ISBN-13: 9781285323299)

Succeed in your microeconomics course with one full semester of access to Aplia's interactive learning system--featuring practice problems with immediate feedback and tools developed specifically for MICROECONOMICS: PRINCIPLES AND APPLICATIONS, 9th Edition. Aplia has already helped more than a million students succeed in college classes.

List Price = $115.00  | CengageBrain Price = $115.00  | College Bookstore Wholesale Price = $115.00


ePin MindLink to Aplia 1-Semester with Tomlinson Learning Path Video  (ISBN-10: 1285365747 | ISBN-13: 9781285365749)

List Price = $126.00  | College Bookstore Wholesale Price = $126.00


CourseMate with Global Economic Crisis Resource Center, Global Economic Crisis - Global Issues in Context, Global Economic Crisis - Community Server Instant Access  (ISBN-10: 1133662676 | ISBN-13: 9781133662679)

Cengage Learning's CourseMate brings course concepts to life with interactive learning, study, and exam preparation tools that support the printed textbook. Access an integrated eBook, learning tools including flashcards, quizzes, and more, all designed specifically to work with MICROECONOMICS: PRINCIPLES AND APPLICATIONS, 6th Edition.

List Price = $141.00  | CengageBrain Price = $141.00  | College Bookstore Wholesale Price = $141.00


Cengage Learning Write Experience 2.0 Powered by MyAccess with eBook Instant Access Code  (ISBN-10: 1285093593 | ISBN-13: 9781285093598)

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Aplia with Cengage Learning Write Experience 2.0 Powered by MyAccess Instant Access  (ISBN-10: 1285093615 | ISBN-13: 9781285093611)

List Price = $125.00  | College Bookstore Wholesale Price = $125.00


MindTap Economics Instant Access  (ISBN-10: 1285382218 | ISBN-13: 9781285382210)

MindTap was created to harness the power of technology to drive student success. This cloud-based platform integrates a number of learning applications (“apps”) into an easy-to-use and easy to access tool that supports a personalized learning experience. MindTap combines student learning tools-readings, multimedia, activities and assessments-into a singular Learning Path that guides you through your economics course.

List Price = $115.00  | CengageBrain Price = $115.00  | College Bookstore Wholesale Price = $115.00


General MindLink for MindTap Economics Instant Access  (ISBN-10: 1285408098 | ISBN-13: 9781285408095)

MindTap was created to harness the power of technology to drive student success. This cloud-based platform integrates a number of learning applications (“apps”) into an easy-to-use and easy to access tool that supports a personalized learning experience. MindTap combines student learning tools-readings, multimedia, activities and assessments-into a singular Learning Path that guides you through your economics course.

List Price = $115.00  | CengageBrain Price = $115.00  | College Bookstore Wholesale Price = $115.00


ePin MindLink to CengageNOW, Write Experience 2.0 Powered by MyAccess  (ISBN-10: 1285321944 | ISBN-13: 9781285321943)

List Price = $125.00  | College Bookstore Wholesale Price = $125.00


Microeconomics with Steven Tomlinson Instant Access Code  (ISBN-10: 0324541155 | ISBN-13: 9780324541151)

Discover instant economic instruction whenever and wherever it's convenient for you with these dynamic videos. Tomlinson online multimedia video lecture series provides you with instructional assistance 24/7. Watch segments as many times as needed to prepare for class, review topics, or study for exams. Lecture notes and quizzes for each segment are available.

List Price = $94.95  | CengageBrain Price = $94.49  | College Bookstore Wholesale Price = $70.25


Meet the Author

About the Author

Robert E. Hall

Dr. 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. Dr. Hall received his Ph.D. from MIT and has taught there as well as at the University of California, Berkeley. He was 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 co-authored a popular intermediate text. Dr. 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

Dr. Marc Lieberman is Clinical Professor of Economics at New York University. He received his Ph.D. from Princeton University. Dr. Lieberman has taught graduate and undergraduate courses in microeconomics, macroeconomics, econometrics, labor economics, and international economics. He has presented his extremely popular Principles of Economics course at Harvard, Vassar, the University of California at Santa Cruz, the University of Hawaii, and New York University. Dr. Lieberman has won NYU's Golden Dozen teaching award three times and has also received the Economics Society Award for Excellence in Teaching. He is co-editor and contributor to THE ROAD TO CAPITALISM: ECONOMIC TRANSFORMATION IN EASTERN EUROPE AND THE FORMER SOVIET UNION. Dr. Lieberman has consulted for the Bank of America and the Educational Testing Service. In his spare time, he is a professional screenwriter and teaches screenwriting at NYU's School of Continuing and Professional Studies.

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