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Economics; principles and applications, 6th ed.


Economics; principles and applications, 6th ed.

Hall, Robert E. and Marc Lieberman.



920 pages




The first half of this textbook introduces the principles of microeconomics while the second half explores the long-term growth and short-term fluctuations of economic systems. Hall (Stanford U.) and Liebermann (New York U.) discuss consumer choice and need, product markets, monopolistic competition and oligopoly, capital and financial markets, the federal budget, monetary policy, and interest rates. The sixth edition adds sections on the invisible hand, total revenue and elasticity, concentration ratios, the Dodd-Frank Act, the balanced-budget multiplier, and problems in the euro zone.

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Publication:Reference & Research Book News
Article Type:Book review
Date:Oct 1, 2012
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