Essentials of Economics

PART ONE: Introduction

1 Limits, Alternatives, and Choices

2 The Market System and the Circular Flow

PART TWO: Price, Quantity, and Efficiency

3 Demand, Supply, and Market Equilibrium

4 Elasticity of Demand and Supply

5 Market Failures: Public Goods and Externalities

PART THREE: Product Markets

6 Businesses and Their Costs

7 Pure Competition

8 Pure Monopoly

9 Monopolistic Competition and Oligopoly

Web Chapter A: Wage Determination

Web Chapter B: Income Inequality and Poverty

PART FOUR: GDP, Growth and Instability

10 GDP and Economic Growth

11 Business Cycles, Unemployment, and Inflation

12 Aggregate Demand and Aggregate Supply

13 Fiscal Policy, Deficits, and Debt

PART FIVE: Money, Banking, and Monetary Policy

14 Money, Banking, and Financial Institutions

15 Interest Rates and Monetary Policy

PART SIX: International Economics

16 International Trade and Exchange Rates

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.