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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PART 1: AN INTRODUCTION TO ECONOMICS and THE ECONOMY
To the Student
1 Limits, Alternatives, and Choices (+ Appendix)
2 The Market System and the Circular Flow
PART 2: PRICE, QUANTITY, AND EFFICIENCY
3 Demand, Supply, and Market Equilibrium (+ Appendix)
4 Elasticity
5 Market Failures: Public Goods and Externalities
PART 3: GDP, GROWTH, AND INSTABILITY
6 An Introduction to Macroeconomics
7 Measuring Domestic Output and National Income
8 Economic Growth
9 Business Cycles, Unemployment, and Inflation
PART 4: MACROECONOMIC MODELS and FISCAL POLICY
10 Basic Macroeconomic Relationships
11 The Aggregate Expenditures Model
12 Aggregate Demand and Aggregate Supply (+ Appendix)
13 Fiscal Policy, Deficits, and Debt
PART 5: MONEY, BANKING, and MONETARY POLICY
14 Money, Banking, and Financial Institutions
15 Money Creation
16 Interest Rates and Monetary Policy
17 Financial Economics
PART 6: EXTENSIONS and ISSUES
18 Extending the Analysis of Aggregate Supply
19 Current Issues in Macro Theory and Policy
PART 7: INTERNATIONAL ECONOMICS
20 International Trade
21 The Balance of Payments, Exchange Rates, and Trade Deficits
22w The Economics of Developing Countries
OPTIONAL CONTENT FOR INSTRUCTORS (Available for instructors on the OLC)
COI 1 The United States and the Global Economy
COI 2 Previous International Exchange-Rate Systems
Book by Flynn Sean Masaki McConnell Campbell R Brue Stanle
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