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January 13, 2011


Hardback, 896 pages

Other Formats

, Paperback


0073511447 / 9780073511443


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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.

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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: MICROECONOMICS of PRODUCT MARKETS6 Consumer Behavior (+ Appendix)7 Businesses and the Costs of Production8 Pure Competition in the Short Run9 Pure Competition in the Long Run10 Pure Monopoly 11 Monopolistic Competition and Oligopoly (+ Appendix)11w Technology, R&D, and Efficiency PART 4: MICROECONOMICS of RESOURCE MARKETS12 The Demand for Resources13 Wage Determination (+ Appendix)14 Rent, Interest, and Profit15 Natural Resource and Energy EconomicsPART 5: MICROECONOMICS of GOVERNMENT16 Public Finance: Expenditures and Taxes17 Asymmetric Information, Voting, and Public ChoicePART 6: MICROECONOMIC ISSUES and POLICIES18 Antitrust Policy and Regulation19 Agriculture: Economics and Policy20 Income Inequality, Poverty, and Discrimination21 Health Care22 ImmigrationPART 7: GDP, GROWTH, AND INSTABILITY23 An Introduction to Macroeconomics24 Measuring Domestic Output and National Income25 Economic Growth26 Business Cycles, Unemployment, and InflationPART 8: MACROECONOMIC MODELS and FISCAL POLICY27 Basic Macroeconomic Relationships28 The Aggregate Expenditures Model29 Aggregate Demand and Aggregate Supply (+ Appendix)30 Fiscal Policy, Deficits, and DebtPART 9: MONEY, BANKING, and MONETARY POLICY31 Money, Banking, and Financial Institutions32 Money Creation 33 Interest Rates and Monetary Policy34 Financial EconomicsPART 10: EXTENSIONS and ISSUES35 Extending the Analysis of Aggregate Supply36 Current Issues in Macro Theory and PolicyPART 11: INTERNATIONAL ECONOMICS 37 International Trade38 The Balance of Payments, Exchange Rates, and Trade Deficits39w 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

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