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Microeconomics: Principles and Applications 6th Edition

Robert E. Hall, Marc Lieberman

  • Published
  • Previous Editions 2010, 2008, 2005
  • 552 Pages
Starting At 130.00 See pricing and ISBN options

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.

Robert E. Hall, Stanford University

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, New York University

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.
  • 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.
  • 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.
  • 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.
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.
MindTap
Each MindTap product offers the full, mobile-ready textbook combined with superior and proven learning tools at one affordable price. Students who purchase digital access can add a print option at any time when a print option is available for their course.

This Cengage solution can be seamlessly integrated into most Learning Management Systems (Blackboard, Brightspace by D2L, Canvas, Moodle, and more) but does require a different ISBN for access codes. Please work with your Cengage Learning Consultant to ensure the proper course set up and ordering information. For additional information, please visit the LMS Integration site.

Standalone Digital Access — Ultimate Value

Recommended and most popular

  • ISBN-10: 1285382218
  • ISBN-13: 9781285382210
  • Bookstore Wholesale Price $130.00
  • RETAIL $130.00
Aplia
Aplia is an online learning solution that increases student engagement with automatically graded assignments and detailed explanations.

This Cengage solution can be seamlessly integrated into most Learning Management Systems (Blackboard, Brightspace by D2L, Canvas, Moodle, and more) but does require a different ISBN for access codes. Please work with your Cengage Learning Consultant to ensure the proper course set up and ordering information. For additional information, please visit the LMS Integration site.

Standalone Digital Access — Ultimate Value

Recommended and most popular

  • ISBN-10: 113357601X
  • ISBN-13: 9781133576013
  • Bookstore Wholesale Price $130.00
  • RETAIL $130.00

Digital Access + Print — Flexible Value

Recommended and most popular

  • ISBN-10: 1285047540
  • ISBN-13: 9781285047546
  • Bookstore Wholesale Price $262.50
  • RETAIL $349.95

Textbook Only Options

Traditional eBook and Print Options

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  • ISBN-10: 1285015924
  • ISBN-13: 9781285015927
  • STARTING AT $22.49

  • STARTING AT $43.49

  • ISBN-10: 1111822565
  • ISBN-13: 9781111822569
  • Bookstore Wholesale Price $206.25
  • RETAIL $274.95

Cengage provides a range of supplements that are updated in coordination with the main title selection. For more information about these supplements, contact your Learning Consultant.

FOR INSTRUCTORS

CourseMate with Global Economic Crisis Resource Center, Global Economic Crisis - Global Issues in Context, Global Economic Crisis - Community Server Instant Access

ISBN: 9781133662679

FOR STUDENTS

CourseMate with Global Economic Crisis Resource Center, Global Economic Crisis - Global Issues in Context, Global Economic Crisis - Community Server Instant Access

ISBN: 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.