SARAH M. JENNINGS
Sarah Jennings received her BA (PG Dip Arts) in economics from the University of Otago in 1979 and completed her MA in Economics at the University of British Columbia in 1984. She received a PhD in forestry economics from the University of Alberta in 1993. Now a senior lecturer and Head of School in the School of Economics and Finance at the University of Tasmania, Sarah has introduced a variety of audiences, including first-year and international students, to the principles of microeconomics, and an economic way of thinking, for more than two decades. She has drawn on this extensive experience in writing and updating the Australian edition of this text. Her most recent attempt to encourage people to ‘unleash the economic naturalist within’ has been through the Australian Seafood CRC’s Fisheries Economics Masterclasses, aimed at equipping fisheries stakeholders with the economic concepts and way of thinking they need to participate effectively in fisheries management. Sarah travels regularly to China to teach principles of microeconomics as part of the University of Tasmania’s business degree program at Shanghai Oceans University. Her online teaching resources have also been published in the Journal of Economic Education.

Sarah Jennings has published on a variety of topics relating to natural resource and environmental economics and was a member of the CRC for Sustainable Production Forestry. She is currently leading a national project, supported by the Fisheries Research Development Corporation, to build the economic capability of those involved in the management of Australia’s marine resources. Her papers have appeared in The Western Journal of Agricultural Economics, The Canadian Journal of Agricultural Economics, The Economic Record and Australian Forestry, among others. Sarah works closely with researchers from a wide variety of natural and social science disciplines, and with stakeholders, to build resilient systems and to secure sustainable outcomes for marine resources users.

BEN S. BERNANKE
Professor Bernanke received his BA in economics from Harvard University in 1975 and his PhD 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, and where he served as Chairman of the Economics Department.

Professor Bernanke was sworn in on February 1, 2006, as Chairman and a member of the Board of Governors of the Federal Reserve System. Professor Bernanke also serves as Chairman of the Federal Open Market Committee, the System’s principal monetary policymaking body. He was appointed a member of the Board for a full 14-year term, which expires in January 31, 2020, and to a fouryear term as Chairman, which expires January 31, 2010. Before his appointment as Chairman, Professor Bernanke was Chairman of the President’s Council of Economic Advisers, from June 2005 to January 2006.

Professor Bernanke’s intermediate textbook, with Andrew Abel, Macroeconomics, Sixth Edition (Addison-Wesley, 2008) 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.

Professor Bernanke has held a Guggenheim Fellowship and a Sloan Fellowship, and he is a Fellow of the Econometric Society and of the American Academy of Arts and Sciences. He served as the Director of the Monetary Economics Program of the National Bureau of Economic Research (NBER) and as a member of the NBER’s Business Cycle Dating Committee. In July 2001, he was appointed Editor of the American Economic Review. Professor Bernanke’s work with civic and professional groups includes having served two terms as a member of the Montgomery Township (NJ) Board of Education. A

ROBERT H. FRANK
Professor Frank is the Henrietta Johnson Louis Professor of Management and Professor of Economics at the Johnson Graduate School of Management at Cornell University, where he has taught since 1972. His ‘Economic Scene’ column appears monthly in The New York Times. After receiving his BS from Georgia Tech in 1966, he taught maths and science for two years as a Peace Corps Volunteer in rural Nepal. He received his MA in statistics in 1971 and his PhD in economics in 1972 from the University of California at Berkeley. During leaves of absence from Cornell, he has served as Chief Economist for the Civil Aeronautics Board (1978– 1980), a Fellow at the Center for Advanced Study in the Behavioral Sciences (1992–93), and Professor of American Civilization at l’École des Hautes Études en Sciences Sociales in Paris (2000–01).

Professor Frank is the author of a best-selling intermediate economics textbook—Microeconomics and Behavior, Seventh Edition (Irwin/McGraw-Hill, 2008). 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. His research has focused on rivalry and cooperation in economic and social behavior. His books on these themes, which include Choosing the Right Pond (Oxford, 1995), Passions Within Reason (W. W. Norton, 1988), and What Price the Moral High Ground? (Princeton, 2004), have been translated into 10 languages. The Winner-Take- All Society (The Free Press, 1995), co-authored with Philip Cook, received a Critic’s Choice Award, was named a Notable Book of the Year by The New York Times, and was included in BusinessWeek’s list of the 10 best books of 1995. Luxury Fever (The Free Press, 1999) appeared on the Knight-Ridder Best Books list for 1999.

Professor Frank has been awarded an Andrew W. Mellon Professorship (1987–1990), a Kenan Enterprise Award (1993), and a Merrill Scholars Program Outstanding Educator Citation (1991). He is a co-recipient of the 2004 Leontief Prize for Advancing the Frontiers of Economic Thought. He was awarded the Johnson School’s Stephen Russell Distinguished Teaching Award in 2004 and the School’s Apple Distinguished Teaching Award in 2005. His introductory microeconomics course has graduated more than 6000 enthusiastic economic naturalists over the years.