Principles of Microeconomics by Susan Feigenbaum

Principles of Microeconomics by Susan Feigenbaum

Feigenbaum and Hafer's innovative text is based on the idea that economics is an integral part of students' lives. The text provides an economic framework for exploring the wide array of choices that span a person's life cycle. The authors' goal in Principles of Microeconomics: The Way We Live is to help students cultivate an appreciation for and an ability to use their economic instincts. Their approach uses common experiences to demonstrate to students that they already engage in economic reasoning. The authors build from the individual to the household to the firm and then to the economy at large.

Rik W. Hafer is Professor and Chairman in the Department of Economics and Finance, and Director of the Office of Economic Education and Business Research, Southern Illinois University, Edwardsville. He served as Research Officer with the Federal Reserve Bank of St. Louis and his articles on monetary policy and financial markets have appeared in such publications as the Wall Street Journal, International Economic Journal, Economic Review, and the Journal of Business. He is the author or editor of several books, including The Stock Market: Bubbles, Volatility, and Chaos, How Open is the U.S. Economy?, and The Federal Reserve System (Greenwood, 2005).

Scott E. Hein is Briscoe Chair of Bank Management and Finance at Texas Tech University, where he teaches courses in the management of financial institutions, multinational financial management, money and capital markets, and the U.S. financial system. He also serves as Visiting Scholar at the Federal Reserve Bank of Atlanta and Chief Economist at Islay Opportunity Fund. He has published many articles in such publications as the Journal of Financial Research, Applied Financial Economics, and the Journal of Banking and Finance, and is on the board of editors for the Quarterly Journal of Business and Economics.