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Essentials of Economics

ISBN10: 1265350647 | ISBN13: 9781265350642

Essentials of Economics
ISBN10: 1265350647
ISBN13: 9781265350642
By Stanley Brue, Campbell McConnell and Sean Flynn

* The estimated amount of time this product will be on the market is based on a number of factors, including faculty input to instructional design and the prior revision cycle and updates to academic research-which typically results in a revision cycle ranging from every two to four years for this product. Pricing subject to change at any time.

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Essentials of Economics provides a fresh alternative to the survey course that’s perfect for the introductory economics student. It provides the best elements of McConnell/Brue/Flynn Economics series with unique content designed to help students understand and engage with the material in one semester.

This textbook helps students master the principles essential for understanding economic problems, specific economic issues, and policy alternatives. It helps students apply the economic perspective and reason accurately and objectively about economic matters. Finally, it promotes a lasting student interest in economics and the economy.

Connect’s complete digital courseware platform assignments include SmartBook adaptive reading, videos, interactive graphs, newsflash activities, adaptive econ prep and more. Essentials of Economics is an engaging and unique offer for the condensed survey course format that illustrates concepts in a relatable and readable way.

PART ONE: Introduction
1. Limits, Alternatives, and Choices
Appendix: Graphs and Their Meaning
2. The Market System and the Circular Flow
PART TWO: Price, Quantity, and Efficiency
3. Demand, Supply, and Market Equilibrium
Appendix: Additional Examples of Supply and Demand
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
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
PART SEVEN: Resource Markets
17. Wage Determination
18. Income Inequality and Poverty

About the Author

Stanley Brue

Stanley L. Brue did his undergraduate work at Augustana College (South Dakota) and received its Distinguished Achievement Award in 1991. He received his Ph.D. from the University of Nebraska–Lincoln. He is retired from a long career at Pacific Lutheran University, where he was honored as a recipient of the Burlington Northern Faculty Achievement Award. Professor Brue has also received the national Leavey Award for excellence in economics education. He has served as national president and chair of the Board of Trustees of Omicron Delta Epsilon International Economics Honorary. He is coauthor of Economic Scenes, fifth edition (Prentice-Hall); Contemporary Labor Economics, twelfth edition; Essentials of Economics, fourth edition and The Evolution of Economic Thought, eighth edition (Cengage Learning). For relaxation, he enjoys international travel, attending sporting events, and going on fishing trips.

Campbell McConnell

Cambell R. McConnell earned his Ph.D. at the University of Iowa after receiving degrees from Cornell College and the University of Illinois. He taught at the University of Nebraska–Lincoln from 1953 until his retirement in 1990. He was also coauthor of Contemporary Labor Economics and Essentials of Economics. He was a recipient of both the University of Nebraska Distinguished Teaching Award and the James A. Lake Academic Freedom Award and served as president of the Midwest Economics Association. Professor McConnell was awarded an honorary Doctor of Laws degree from Cornell College in 1973 and received its Distinguished Achievement Award in 1994. He was also a jazz expert and aficionado until his passing in 2019.


Sean Flynn

Sean M. Flynn did his undergraduate work at the University of Southern California before completing his Ph.D. at U.C. Berkeley, where he served as the Head Graduate Student Instructor for the Department of Economics after receiving the Outstanding Graduate Student Instructor Award. He teaches at Scripps College (of the Claremont Colleges) and is the author of Economics for Dummies, third edition (Wiley); Essentials of Economics, fourth edition; and The Cure That Works: How to Have the World’s Best Healthcare—at a Quarter of the Price (Regnery). His research interests include behavioral finance, behavioral economics, and health care economics. An accomplished martial artist, Sean has coached five of his students to national championships and is the author of Understanding Shodokan Aikido. Other hobbies include running, traveling, and cooking.

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