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Full Description
Essentials of Economics, 4th 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 Economics 21st edition with unique content designed to help students understand the material in one semester. With a fully integrated digital package that includes SmartBook, 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.
Contents
Introduction 1. Limits, Alternatives, and Choices
Chapter One 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
Chapter Three 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
