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Essentials of Economics
Essentials of Economics

Essentials of Economics, 5th Edition

ISBN10: 1265350647 | ISBN13: 9781265350642
By Campbell McConnell, Stanley Brue and Sean Flynn
© 2023

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* 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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Brue Essentials of Economics, 5th Edition, provides a fresh alternative to the survey course that is both substantive and appropriate for the introductory economics student. Essentials of Economics provides the best elements of McConnell/Brue/Flynn Economics 22nd edition with unique content designed to help students understand and engage with the material in one semester.

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

With Connect, the fully integrated digital package, including SmartBook 2.0 adaptive reading, videos, interactive graphs, and math prep – 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
Chapter 1: Limits, Alternatives, and Choices 
Chapter One Appendix: Graphs and Their Meaning 
Chapter 2: The Market System and the Circular Flow

PART TWO: Price, Quantity, and Efficiency
Chapter 3: Demand, Supply, and Market Equilibrium 
Chapter Three Appendix: Additional Examples of Supply and Demand
Chapter 4: Elasticity of Demand and Supply
Chapter 5: Market Failures: Public Goods and Externalities

PART THREE: Product Markets
Chapter 6: Businesses and Their Costs 
Chapter 7: Pure Competition 
Chapter 8: Pure Monopoly 
Chapter 9: Monopolistic Competition and Oligopoly 

PART FOUR: GDP, Growth, and Instability
Chapter 10: GDP and Economic Growth 
Chapter 11: Business Cycles, Unemployment, and Inflation
Chapter 12: Aggregate Demand and Aggregate Supply
Chapter 13: Fiscal Policy, Deficits, and Debt 

PART FIVE: Money, Banking, and Monetary Policy
Chapter 14: Money, Banking, and Financial Institutions 
Chapter 15: Interest Rates and Monetary Policy 

PART SIX: International Economics
Chapter 16: International Trade and Exchange Rates 

PART SEVEN: Resource Markets
Chapter 17: Wage Determination 
Chapter 18: Income Inequality and Poverty 
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About the Author

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.

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.

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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