Microeconomics / Edition 19

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Overview

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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Product Details

  • ISBN-13: 9780077337735
  • Publisher: McGraw-Hill Higher Education
  • Publication date: 1/28/2011
  • Edition description: Older Edition
  • Edition number: 19
  • Pages: 600
  • Sales rank: 158,983
  • Product dimensions: 8.40 (w) x 9.90 (h) x 0.90 (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
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 Demand and Supply: Elasticities and Applications 119
8 Consumer Behavior and Utility Maximization 138
9 The Costs of Production 156
10 Price and Output Determination: Pure Competition 177
11 Price and Output Determination: Pure Monopoly 204
12 Price and Output Determination: Monopolistic Competition 226
13 Price and Output Determination: Oligopoly 240
14 Production and the Demand for Resources 261
15 The Pricing and Employment of Resources: Wage Determination 278
16 The Pricing and Employment of Resources: Rent, Interest, and Profits 299
17 Government and Market Failure: Public Goods, the Environment, and Information Problems 315
18 Public Choice Theory and Taxation 338
19 Antitrust, Regulation, and Industrial Policy 359
20 Agriculture: Economics and Policy 380
21 Income Inequality and Poverty 398
22 The Economics of Health Care 418
23 Labor Market Issues: Unionism, Discrimination, and Immigration 436
24 International Trade 457
25 Exchange Rates, the Balance of Payments, and Trade Deficits 481
26 Russia: An Economy in Transition 508
Answers to Key Questions A-1
Glossary G-1
Index I-1
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