Macroeconomics / Edition 19

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Overview

McConnell, Brue, and Flynn&#39s 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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Product Details

  • ISBN-13: 9780077337728
  • Publisher: McGraw-Hill Higher Education
  • Publication date: 2/10/2011
  • Edition description: Older Edition
  • Edition number: 19
  • Pages: 528
  • Sales rank: 120,912
  • Product dimensions: 8.40 (w) x 9.90 (h) x 0.80 (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

Preface
Contributors
To the Student
1 The Nature and Method of Economics 1
2 The Economizing Problem 21
3 Understanding Individual Markets: Demand and Supply 39
4 Pure Capitalism and the Market System 58
5 The Mixed Economy: Private and Public Sectors 74
6 The United States in the Global Economy 96
7 Measuring Domestic Output, National Income, and the Price Level 119
8 Macroeconomic Instability: Unemployment and Inflation 143
9 Building the Aggregate Expenditures Model 166
10 Aggregate Expenditures: The Multiplier, Net Exports, and Government 191
11 Aggregate Demand and Aggregate Supply 213
12 Fiscal Policy 234
13 Money and Banking 253
14 How Banks Create Money 276
15 The Federal Reserve Banks and Monetary Policy 293
16 Alternative Views on Macro Theory and Policy 317
17 The Inflation-Unemployment Relationship 338
18 Budget Deficits and the Public Debt 362
19 Economic Growth 379
20 International Trade 399
21 Exchange Rates, the Balance of Payments, and Trade Deficits 423
22 Growth and the Less Developed Countries 450
23 Russia: An Economy in Transition 473
Answers to Key Questions A-1
Glossary G-1
Index I-1
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