This 18-chapter text is the first book explicitly designed for the one-term, principles-level course covering both micro and macroeconomics, and can also be used for two-term or full-year courses where a very concise, focused treatment is desired. This authoritative text carefully selects and fully explains all of the core topics essential to the principles course with a rigorous and analytical treatment, rather than presenting just a cursory "survey" of all introductory economic concepts. It presents economics as a unified subject in which the macroeconomics chapters build on, and flow from, the key microeconomic principles established in the first half of the book.
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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, a thriller that aired on the USA Cable Network, and he teaches screenwriting at NYU's School of Continuing and Professional Studies.
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.
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