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.
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 and Poverty21 Health Care22 ImmigrationPART 7: INTERNATIONAL ECONOMICS 23 International Trade (Econ Ch 37)24 The Balance of Payments, Exchange Rates, and Trade Deficits (Econ Ch 38)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
