Publisher's Synopsis
Acclaimed economists Lieberman and Hall have made the latest edition of PRINCIPLES AND APPLICATIONS ECONOMICS, 5e, International Edition as current as the headlines. Since real-world policy issues, decisions, and applications impact all of us on an everyday basis, Lieberman and Hall use these true, cutting-edge examples to illustrate core economic theory and application. Straightforward and easy-to-understand, this comprehensive text equips readers with a solid foundation in economics that they can build upon wherever their career paths may lead. Lieberman and Hall's careful focus on important economic theories and applications, and how they relate to practical questions, effectively conveys the message that economics is an integrated, powerful body of knowledge that can address complex domestic and global issues. A wealth of interactive online exercises, graphing applications, and research resources give students hands-on experience in understanding current economic issues.Bridge chapter on economic fluctuations gives students a great introduction to the concepts of long run growth and short run fluctuations and the relationships between these two ideas.
