Economics: Principles and Applications
By: Robert E. Hall, Marc Lieberman
About This Book
Show your students how real-world policy issues, decisions, and applications impact them every day with the practical, accessible presentation in ECONOMICS. 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 economic theory and applications in action. This edition's streamlined chapters focus on today's most important economic theories and events as well as how they relate to practical situations. This easy-to-understand comprehensive text equips students with a solid economic foundation they 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 economic challenges. The book demonstrates how economics is an integrated, powerful body of knowledge able to address complex domestic and global issues. This edition presents the latest in economic thinking, and is supported by dynamic online resources such as Aplia's leading online homework manager, CourseMate online tools, and CengageNOW course management system. Important Notice: Media content referenced within the product description or the product text may not be available in the ebook version.
AI Overview
"Economics: Principles and Applications" by Robert E. Hall and Marc Lieberman is a comprehensive textbook designed to introduce students to the fundamental principles of economics. Here is a detailed overview of the book:
Key Themes
- Introduction to Economics: The book provides a lean and lively introduction to basic economic concepts, ensuring a sound level of theoretical rigor.
- 29-Chapter Format: The text is structured into 29 chapters, each carefully crafted to maintain focus on learning and applying central economic ideas.
- Pedagogy and Applications: The book emphasizes pedagogy and applications, aiming to be a study tool for students rather than a substitute for instructors. It includes in-text Internet links and a dedicated website for additional real-world economic applications.
- Micro and Macro Economics: The text covers both microeconomic and macroeconomic principles, providing a balanced approach to understanding economic analysis.
- Flexibility for Instructors: The book allows instructors to bring in additional material as they choose, making it adaptable to various teaching styles.
Plot Summary
The book does not have a narrative plot but rather a structured approach to teaching economics. Each chapter delves into specific topics such as supply and demand, market structures, international trade, and macroeconomic concepts like inflation, unemployment, and economic growth. The chapters are designed to be both theoretical and practical, ensuring students can apply economic principles to real-world scenarios.
Critical Reception
Positive Reviews:
- Guitarfeak9 on Goodreads: The book is described as "great" with "funny" and "easy to read," making it a great tool for getting into economics, even if the student drops the class.
- Thriftbooks User: The book is praised for its condition and fast delivery, making it a reliable choice for students.
Professional Reviews:
- The book is noted for its departure from the encyclopedic approach, focusing on practical applications and maintaining a sound level of theoretical rigor.
Availability and Editions:
- The book is available in various editions, including a 6th edition with ISBN 9781111822347, and a 2nd edition with ISBN 9780324019520.
Conclusion
"Economics: Principles and Applications" by Robert E. Hall and Marc Lieberman is a well-regarded textbook that offers a comprehensive introduction to economics. Its structured approach, practical applications, and flexibility for instructors make it a valuable resource for students and educators alike. The book's critical reception is positive, with reviewers praising its readability and effectiveness in teaching economic principles.