Overview
Main description
McConnell, Brue, and Flynn’s Economics: Principles, Problems, and Policies is the #1 Principles of Economics textbook in the world. It continues to be innovative while teaching students in a clear, unbiased way. The 19th Edition builds upon the tradition of leadership by sticking to 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.
This is the macro-first alternate edition for use with macroeconomics-first sequences.
Table of contents
PART 1: AN INTRODUCTION TO ECONOMICS and THE ECONOMY To the Student1 Limits, Alternatives, and Choices (+ Appendix)2 The Market System and the Circular Flow PART 2: PRICE, QUANTITY, AND EFFICIENCY3 Demand, Supply, and Market Equilibrium (+ Appendix)4 Elasticity5 Market Failures: Public Goods and ExternalitiesPART 3: GDP, GROWTH, AND INSTABILITY6 An Introduction to Macroeconomics 7 Measuring Domestic Output and National Income 8 Economic Growth 9 Business Cycles, Unemployment, and Inflation PART 4: MACROECONOMIC MODELS and FISCAL POLICY10 Basic Macroeconomic Relationships 11 The Aggregate Expenditures Model 12 Aggregate Demand and Aggregate Supply (+ Appendix) 13 Fiscal Policy, Deficits, and Debt PART 5: MONEY, BANKING, and MONETARY POLICY14 Money, Banking, and Financial Institutions 15 Money Creation 16 Interest Rates and Monetary Policy 17 Financial Economics PART 6: EXTENSIONS and ISSUES18 Extending the Analysis of Aggregate Supply 19 Current Issues in Macro Theory and PolicyPART 7: MICROECONOMICS of PRODUCT MARKETS20 Consumer Behavior (+ Appendix) 21 Businesses and the Costs of Production 22 Pure Competition in the Short Run 23 Pure Competition in the Long Run 24 Pure Monopoly 25 Monopolistic Competition and Oligopoly (+ Appendix) 25w Technology, R&D, and Efficiency PART 8: MICROECONOMICS of RESOURCE MARKETS26 The Demand for Resources 27 Wage Determination (+ Appendix) 28 Rent, Interest, and Profit 29 Natural Resource and Energy Economics PART 9: MICROECONOMICS of GOVERNMENT30 Public Finance: Expenditures and Taxes 31 Asymmetric Information, Voting, and Public Choice PART 10: MICROECONOMIC ISSUES and POLICIES32 Antitrust Policy and Regulation 33 Agriculture: Economics and Policy 34 Income Inequality and Poverty 35 Health Care 36 Immigration PART 11: INTERNATIONAL ECONOMICS 37 International Trade 38 The Balance of Payments, Exchange Rates, and Trade Deficits 39w The Economics of Developing Countries OPTIONAL CONTENT FOR INSTRUCTORS(Available for instructors on the OLC)COI 1 The United States and the Global EconomyCOI 2 Previous International Exchange-Rate Systems
