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Overview

McConnell and Brue’s Economics: Principles, Problems, and Policies is the leading Principles of Economics textbook. It continues to be innovative while teaching students in a clear, unbiased way. The 18th 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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Product Details

  • ISBN-13: 9780077341657
  • Publisher: McGraw-Hill Higher Education
  • Publication date: 6/26/2009
  • Edition number: 18
  • Product dimensions: 8.30 (w) x 10.10 (h) x 1.20 (d)

Meet the Author

Sean is an assistant professor of economics at Scripps College in Claremont, California.

He is the author of the international best seller "Economics for Dummies" as well as the coauthor, along with Campbell McConnell and Stanley Brue, of the world's best-selling college economics textbook, "Economics: Principles, Problems, and Policies".

An avid martial artist, Sean is a former Aikido national champion and has coached five of his students to U.S. national aikido titles.

A recurring commentator on FOX Business, ABC News, and NPR, Sean holds a B.A. in economics from the University of Southern California and a Ph.D. in economics from U.C. Berkeley, where he completed his dissertation under the supervision of Nobel Laureate George Akerlof.

Sean's research focuses on the often puzzling and seemingly irrational behavior of stock market investors, but he's also investigated topics as wide-ranging as the factors that affect customer tipping behavior at restaurants and why you see a lot of unionized workers only in certain industries.

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Table of Contents

Part 1: Introduction to Economics and the Economy

Chapter 1: Limits, Alternatives, and Choices (+ Appendix)

Chapter 2: The Market System and the Circular Flow

Chapter 3: Demand, Supply and Market Equilibrium (+ Appendix)

Chapter 4: The U.S. Economy: Private and Public Sectors

Chapter 5: The United States in the Global Economy
Part 2: Microeconomics of Product Markets

Chapter 6: Elasticity, Consumer Surplus, and Producer Surplus

Chapter 7: Consumer Behavior (+ Appendix)

Chapter 8: The Costs of Production

Chapter 9: Pure Competition

Chapter 10: Pure Monopoly

Chapter 11: Monopolistic Competition and Oligopoly (+ Appendix)

Chapter 11W: Technology, R&D, and Efficiency
Part 3: Microeconomics of Resource Markets

Chapter 12: The Demand for Resources

Chapter 13: Wage Determination (+ Appendix)

Chapter 14: Rent, Interest, and Profit

Chapter 15: Natural Resource and Energy Economics
Part 4: Microeconomics of Government

Chapter 16: Government and Market Failure

Chapter 17: Public Choice Theory and the Economics of Taxation
Part 5: Microeconomic Issues and Policies

Chapter 18: Antitrust Policy and Regulation

Chapter 19: Agriculture: Economics and Policy

Chapter 20: Income Inequality, Discrimination, and Poverty

Chapter 21: Health Care

Chapter 22: Immigration
Part 6: GDP, Growth, and Instability

Chapter 23: Introduction to Macroeconomics

Chapter 24: Measuring Domestic Output and National Income

Chapter 25: Economic Growth

Chapter 26: Business Cycles, Unemployment, and Inflation
Part 7: Macroeconomic Models and Fiscal Policy

Chapter 27: Basic Macroeconomic Relationships

Chapter 28: The Aggregate Expenditures Model

Chapter 29: Aggregate Demand and Aggregate Supply (+ Appendix)

Chapter 30: Fiscal Policy, Deficits, and Debt
Part 8: Money, Banking, and Monetary Policy

Chapter 31: Money and Banking

Chapter 32: Money Creation

Chapter 33: Interest Rates and Monetary Policy

Chapter 34: Financial Economics
Part 9: Extensions and Issues

Chapter 35: Extending the Analysis of Aggregate Supply

Chapter 36: Current Issues in Macro Theory and Policy
Part 10: International Economics

Chapter 37: International Trade

Chapter 38: Exchange Rates, Balance of Payments, and Trade Deficits

Chapter 38 Web Supplement: Previous International Exchange-Rate Systems

Chapter 38W: The Economics of Developing Countries
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