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McConnell, Brue and Flynn’s Economics: Brief Edition, 2e comes from the same author team as the market-leading Principles of Economics textbook. Economics: Brief Edition tailors the core concepts from proven leader Economics, 19th edition to create a concise introduction to the course that is distinct in purpose, style, and coverage. Like the 19th edition, Economics: Brief Edition, 2e continues to be innovative while teaching students in a clear, unbiased way. Content and pedagogy have 3 main goals: help the beginning student master the principles essential for understanding the economizing problem, specific economic issues, and the policy alternatives; help the student understand and apply the economic perspective and reason accurately and objectively about economic matters; and promote a lasting student interest in economics and the economy.
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Table of contents
Part One: IntroductionChapter 1 Limits, Alternatives, and Choices Chapter 2 The Market System and the Circular Flow Part Two: Price, Quantity, and EfficiencyChapter 3 Demand, Supply, and Market Equilibrium Appendix 3W: Additional Examples of Supply and Demand Chapter 4 Elasticity of Demand and Supply Chapter 5 Market Failures: Public Goods and Externalities Part Three: Product MarketsChapter 6 Businesses and Their Costs Chapter 7 Pure Competition Chapter 8 Pure Monopoly Chapter 9 Monopolistic Competition and Oligopoly Part Four: Resource Markets and GovernmentChapter 10 Wage Determination Chapter 11 Income Inequality and Poverty Chapter 12 Public Finance: Expenditures and Taxes Part Five: GDP, Growth, and InstabilityChapter 13 GDP and Economic Growth Chapter 14 Business Cycles, Unemployment, and Inflation Chapter 15 Aggregate Demand and Aggregate Supply Chapter 16 Fiscal Policy, Deficits, and Debt Part Six: Money, Banking, and Monetary PolicyChapter 17 Money, Banking, and Financial Institutions Chapter 18 Interest Rates and Monetary Policy Part Seven: Long-Run Considerations and International EconomicsChapter 19 Long-Run Aggregate Supply and Aggregate Demand Chapter 20 International Trade and Exchange Rates