Show students how today's microeconomic policy issues, decisions, and applications impact them every day with the practical, accessible presentation in MICROECONOMICS. 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 microeconomic principles and applications in action. This edition's streamlined chapters focus on today's most important microeconomic theories and events as well as how they relate to practical situations. This easy-to-understand comprehensive text equips students with a solid foundation in microeconomics that students 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 microeconomic challenges. This edition presents the latest thinking from leading economics. Dynamic online resources, such as Aplia (a leading online homework manager), CourseMate online tools, and CengageNOW™, help ensure students master key principles and applications.