Microeconomics: Principles, Applications, and Tools

About Arthur O'SullivanStephen PerezSteven Sheffrin

About our authors Arthur OSullivan is a professor of economics at Lewis and Clark College in Portland Oregon. After receiving his BS in economics at the University of Oregon he spent two years in the Peace Corps working with city planners in the Philippines. He received his PhD in economics from Princeton University in 1981 and has taught at the University of California Davis and Oregon State University winning teaching awards at both schools. He is the author of the best-selling textbook Urban Economics currently in its 10th edition with translations into Russian Chinese Korean Portuguese Serbian and Greek. Professor OSullivans research explores economic issues concerning urban land use environmental protection and public policy. His articles have appeared in many economics journals including the Journal of Urban Economics Journal of Environmental Economics and Management National Tax Journal Journal of Public Economics and Journal of Law and Economics. Professor OSullivan lives with his family in Portland Oregon. For recreation he enjoys hiking kiteboarding and squash. Steven M. Sheffrin is professor of economics and executive director of the Murphy Institute at Tulane University. Prior to joining Tulane in 2010 he was a faculty member at the University of California Davis and served as department chairman of economics and dean of social sciences. He has been a visiting professor at Princeton University Oxford University London School of Economics and Nanyang Technological University and he has served as a financial economist with the Office of Tax Analysis of the United States Department of the Treasury. He received his BA from Wesleyan University and his PhD in economics from the Massachusetts Institute of Technology. Professor Sheffrin is the author of 10 other books and monographs and over 100 articles in the fields of macroeconomics public finance and international economics. His most recent books include Rational Expectations (2nd edition) and Property Taxes and Tax Revolts: The Legacy of Proposition 13 (with Arthur OSullivan and Terri Sexton). Professor Sheffrin has taught macroeconomics and public finance at all levels from general introduction to principles classes (enrollments of 400) to graduate classes for doctoral students. He is the recipient of the Thomas Mayer Distinguished Teaching Award in economics. He lives with his wife Anjali (also an economist) in New Orleans Louisiana and has 2 daughters who have studied economics. In addition to a passion for current affairs and travel he plays a tough game of tennis. Stephen J. Perez is Vice Provost a professor of economics and NCAA faculty athletics representative at California State University Sacramento. After receiving his BA in economics at the University of California San Diego he was awarded his PhD in economics from the University of California Davis in 1994. He taught economics at Virginia Commonwealth University and Washington State University before coming to California State University Sacramento in 2001. He teaches macroeconomics at all levels as well as econometrics sports economics labor economics and mathematics for economists. Professor Perezs research explores most macroeconomic topics. In particular he is interested in evaluating the ability of econometric techniques to discover the truth issues of causality in macroeconomics and sports economics. His articles have appeared in many economics journals including the Journal of Monetary Economics; Econometrics Journal; Economics Letters; Journal of Economic Methodology; Public Finance and Management; Journal of Economics and Business; Oxford Bulletin of Economics and Statistics; Journal of Money Credit and Banking; Applied Economics; and Journal of Macroeconomics.