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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.
Connect is the only integrated learning system that empowers students by continuously adapting to deliver precisely what they need, when they need it, and how they need it, so that your class time is more engaging and effective.
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