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Preface

PART ONE Introduction to Economics and the Economy
Chapter 1 Limits, Alternatives, and Choices
Chapter 2 The Market System and the Circular Flow

PART TWO Price, Quantity, and Efficiency
Chapter 3 Demand, Supply, and Market Equilibrium
Chapter 4 Market Failures: Public Goods and Externalities
Chapter 5 Government’s Role and Government Failure

PART THREE Consumer Behavior
Chapter 6 Elasticity
Chapter 7 Utility Maximization
Chapter 8 Behavioral Economics

PART FOUR Microeconomics of Product Markets
Chapter 9 Businesses and the Costs of Production
Chapter 10 Pure Competition in the Short Run
Chapter 11 Pure Competition in the Long Run
Chapter 12 Pure Monopoly
Chapter 13 Monopolistic Competition
Chapter 14 Oligopoly and Strategic Behavior
Chapter 15 Technology, R&D, and Efficiency

PART FIVE Microeconomics of Resource Markets and Government
Chapter 16 The Demand for Resources
Chapter 17 Wage Determination
Chapter 18 Rent, Interest, and Profit
Chapter 19 Natural Resource and Energy Economics
Chapter 20 Public Finance: Expenditures and Taxes

PART SIX Microeconomic Issues and Policies
Chapter 21 Antitrust Policy and Regulation
Chapter 22 Agriculture: Economics and Policy
Chapter 23 Income Inequality, Poverty, and Discrimination
Chapter 24 Health Care
Chapter 25 Immigration

PART SEVEN GDP, Growth, and Instability
Chapter 26 An Introduction to Macroeconomics
Chapter 27 Measuring Domestic Output and National Income
Chapter 28 Economic Growth
Chapter 29 Business Cycles, Unemployment, and Inflation

PART EIGHT Macroeconomic Models and Fiscal Policy
Chapter 30 Basic Macroeconomic Relationships
Chapter 31 The Aggregate Expenditures Model
Chapter 32 Aggregate Demand and Aggregate Supply
Chapter 33 Fiscal Policy, Deficits, and Debt

PART NINE Money, Banking, and Monetary Policy
Chapter 34 Money, Banking, and Financial Institutions
Chapter 35 Money Creation
Chapter 36 Interest Rates and Monetary Policy
Chapter 37 Financial Economics

PART TEN Extensions and Issues
Chapter 38 Extending the Analysis of Aggregate Supply
Chapter 39 Current Issues in Macro Theory and Policy

PART ELEVEN International Economics
Chapter 40 International Trade
Chapter 41 The Balance of Payments, Exchange Rates, and Trade Deficits
Chapter 42 The Economics of Developing Countries

Tables
Glossary
Index

Overview
McConnell/Brue/Flynn has long set the standard for providing high-quality content to instructors and students alike. Known for versatility, comprehensiveness, and persistent innovation, it has remained one of the most trusted and reliable choices for principles of economics courses. The 21st edition continues to benefit from author Sean Flynn's influence with new discussions on strategic behavior, game theory, unconventional monetary policy and interest rate normalization. A robust set of content designed to facilitate classroom engagement through peer instruction has been developed to align with the learning objectives in the text. New innovations like interactive graphs and videos combine with SmartBook's adaptive reading experience and even more algorithmic and graphing assessment content in Connect to help students succeed in the course. McConnell/Brue/Flynn is expertly tailored to support a variety of course formats, institutions, and students. Its depth of content and breadth of resources continue to be unparalleled in the introductory market.