Part I IntroductionCh 1 Thinking Like an EconomistCh 2 Comparative AdvantageCh 3 Supply and DemandPart II Competition and the Invisible HandCh 4 ElasticityCh 5 DemandCh 6 Perfectly Competitive SupplyCh 7 Efficiency and ExchangeCh 8 The Invisible Hand in ActionPart III Market ImperfectionsCh 9 Monopoly, Oligopoly, and Monopolistic CompetitionCh 10 Games and Strategic BehaviorCh 11 Externalities and Property RightsCh 12 The Economics of InformationPart IV Economics of Public PolicyCh 13 Labor Markets, Poverty, and Income DistributionCh 14 The Environment, Health, and SafetyCh 15 Public Goods and Tax PolicyGlossary
Robert H. Frank received his M.A. in statistics from the University
of California at Berkeley in 1971, and his Ph.D. in economics in
1972, also from U.C. Berkeley. He is the Goldwin Smith Professor of
Economics at Cornell University, where he has taught since 1972 and
where he currently holds a joint appointment in the department of
economics and the Johnson Graduate School of Management. He has
published on a variety of subjects, including price and wage
discrimination, public utility pricing, the measurement of
unemployment spell lengths, and the distributional consequences of
direct foreign investment. For the past several years, his research
has focused on rivalry and cooperation in economic and social
behaviour.
Professor Bernanke received his B.A. in Economics from Harvard
University in 1975 and his Ph.D. in economics from MIT in
1979. He taught at the Stanford Graduate School of Business
from 1979 to 1985 and moved to Princeton University in 1985, where
he was named the Howard Harrison and Gabrielle Snyder Beck
Professor of Economics and Public Affairs, where he served as
Chairman of the Economics Department. He is a fellow of the
American Academy of Arts and Sciences and the Econometrics
Society. He was named a member of the Board of Governors of
the Federal Reserve in 2002 and became the chairman of the
President's council of Economic Advisers in 2005. In 2006 Ben
Bernanke was selected to be the Chairman of the Federal Reserve
Board.Professor Bernanke's intermediate textbook, with Andrew Abel,
Macroeconomics, Fifth Edition (Addison-Wesley, 2004) is a best
seller in its field. He has authored more than 50 scholarly
publications in macroeconomics, macroeconomic history, and
finance. He has done significant research on the causes of
the Great Depression, the role of financial markets and
institutions in the business cycle, and measuring the effects of
monetary policy on the economy. His two most recent books,
both published by Princeton University Press, include Inflation
Targeting: Lessons from the International Experience (with
coauthors) and Essays on the Great Depression. He has served
as editor of the American Economic Review and was the founding
editor of the International Journal of Central Banking.
Professor Bernanke has taught principles of economics at both
Stanford and Princeton.
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