Microeconomics (4th ed)

John B. Taylor and Lionel Frost
Milton, Qld. : John Wiley & Sons Australia, 2009

ISBN: 0470817194

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Book description
The new 4th edition of Microeconomics is designed for students who have not previously studied economics. It provides a clear explanation of basic microeconomic principles through analogies, real-world examples and user-friendly graphs and illustrations.
Thoroughly updated, while retaining the economy of exposition and clarity of purpose that this text is renowned for, it makes extensive use of data and examples to illustrate principles and concepts under discussion.

About the author
John B. Taylor is one of the field's most inspiring teachers. As the Raymond Professor of Economics at Stanford University, his distinctive instructional methods have made him a legend among introductory economics students and have won him both the Hoagland and Rhodes prizes for teaching excellence. It is his gift for clear explanations and memorable illustrations that makes his textbook so useful to students around the country.
Professor Taylor is also widely recognised for his research on the foundations of modern monetary theory and policy. One of his well-known research contributions is a rule - now widely called the Taylor Rule - used at central banks around the world. His latest research focuses on international monetary policy.

Lionel Frost is an associate professor in the Department of Economics at Monash University. He studied economics and received his PhD from Monash. He is an applied economist with a wide range of research interests in regional and urban studies, sports economics, and Australian and American economic history. Associate Professor Frost has worked as a consultant to a wide range of public bodies and private firms, and has won several awards for his teaching and research.

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