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Building on the tremendous success of their best-selling Economics, Brue, McConnell, and Flynn have revised their one-semester approach in Essentials of Economics, 3e to provide a fresh alternative for the survey course. The result is a patient, substantive treatment of micro and macro topics appropriate for the introductory economics student, and fully integrated in the digital environment to provide instant remediation and feedback through McGraw-Hill's innovative assessment tool Connect Plus Economics. McGraw-Hill's adaptive learning component, LearnSmart, provides assignable modules that help students master core concepts in the course.
Table of contents
PART ONE: Introduction1 Limits, Alternatives, and Choices2 The Market System and the Circular FlowPART TWO: Price, Quantity, and Efficiency3 Demand, Supply, and Market Equilibrium4 Elasticity of Demand and Supply5 Market Failures: Public Goods and ExternalitiesPART THREE: Product Markets6 Businesses and Their Costs7 Pure Competition8 Pure Monopoly9 Monopolistic Competition and OligopolyWeb Chapter A: Wage DeterminationWeb Chapter B: Income Inequality and PovertyPART FOUR: GDP, Growth and Instability10 GDP and Economic Growth11 Business Cycles, Unemployment, and Inflation12 Aggregate Demand and Aggregate Supply13 Fiscal Policy, Deficits, and DebtPART FIVE: Money, Banking, and Monetary Policy14 Money, Banking, and Financial Institutions15 Interest Rates and Monetary PolicyPART SIX: International Economics16 International Trade and Exchange Rates