McConnell, Economics © 2018, 21e

Grades: 9 - 12

Economics remains the top-selling book for AP Macroeconomics and AP Microeconomics courses. The authors’ 40 years of teaching success are reflected in the clear treatment of economics concepts, balanced coverage, and patient explanations. Streamlined to only focus on AP content with easy visual clues to separate microeconomic and macroeconomics.

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Program Details

Economics reflects 40 years of teaching success, providing clear treatment of economic concepts, balanced coverage, and thoughtful explanations. Streamlined to only focus on AP® content (seven additional chapters are available online), with easy visual clues to separate microeconomic and macroeconomic content, this edition provides students with a clear path to success on the AP Exam.
This tried and true favorite includes:
• Updated online AP Teacher Manual, test bank, and ebook correlations aligned to new 2019 Framework.
• A Focus Review Guide workbook to help students apply the essential AP content covered in each chapter.
• Robust AP resources including AP part and chapter introductions, AP-style test practice, AP quick review sections and complete practice exams.
• Online AP Teacher Manual with pacing guides, teaching notes, student stumbling block suggestions, and lecture notes.
• An eBook and a SmartBook® adaptive reading experience designed to help students learn faster, study more eﬃciently, and retain more knowledge.

BOTH MACRO AND MICRO | MICROECONOMICS | MACROECONOMICS

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

PART FOUR Microeconomics of Product Markets

CHAPTER 8 Businesses and the Costs of Production
CHAPTER 9 Pure Competition in the Short Run
CHAPTER 10 Pure Competition in the Long Run
CHAPTER 11 Pure Monopoly
CHAPTER 12 Monopolistic Competition
CHAPTER 13 Oligopoly and Strategic Behavior

PART FIVE Microeconomics of Resource Markets and Government

CHAPTER 14 The Demand for Resources
CHAPTER 15 Wage Determination
CHAPTER 16 Rent, Interest, and Profit
CHAPTER 17 Public Finance: Expenditures and Taxes

PART SIX Microeconomic Issues and Policies

CHAPTER 18 Antitrust Policy and Regulation
CHAPTER 19 Income Inequality, Poverty, and Discrimination

PART SEVEN GDP, Growth, and Instability

CHAPTER 20 An Introduction to Macroeconomics
CHAPTER 21 Measuring Domestic Output and National Income
CHAPTER 22 Economic Growth
CHAPTER 23 Business Cycles, Unemployment, and Inflation

PART EIGHT Macroeconomic Models and Fiscal Policy

CHAPTER 24 Basic Macroeconomic Relationships
CHAPTER 25 The Aggregate Expenditures Model
CHAPTER 26 Aggregate Demand and Aggregate Supply
CHAPTER 27 Fiscal Policy, Deficits, and Debt

PART NINE Money, Banking, and Monetary Policy

CHAPTER 28 Money, Banking, and Financial Institutions
CHAPTER 29 Money Creation
CHAPTER 30 Interest Rates and Monetary Policy
CHAPTER 31 Financial Economics

PART TEN Extensions and Issues

CHAPTER 32 Extending the Analysis of Aggregate Supply
CHAPTER 33 Current Issues in Macro Theory and Policy

PART ELEVEN International Economics

CHAPTER 34 International Trade
CHAPTER 35 The Balance of Payments, Exchange Rates, and Trade Deficits

ENRICHMENT CHAPTERS (online in Connect® only)

CHAPTER 1 Behavioral Economics
CHAPTER 2 Technology, R&D, and Efficiency
CHAPTER 3 Natural Resource and Energy Economics
CHAPTER 4 Agriculture: Economics and Policy
CHAPTER 5 Health Care
CHAPTER 6 Immigration
CHAPTER 7 The Economics of Developing Countries

CAMPBELL R. MCCONNELL earned his Ph.D. from 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 is also coauthor of Contemporary Labor Economics, eleventh edition, and Essentials of Economics, third edition, and has edited readers for the principles and labor economics courses. He is a recipient of both the University of Nebraska Distinguished Teaching Award and the James A. Lake Academic Freedom Award and is past 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. His primary areas of interest are labor economics and economic education. He has an extensive collection of jazz recordings and enjoys reading jazz history.

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 economic 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, eleventh edition; Essentials of Economics, third 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 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, second edition (Wiley) and coauthor of Essentials of Economics, third edition. His research interests include finance, behavioral economics, and health economics. An accomplished martial artist, he has represented the United States in international aikido tournaments and is the author of Understanding Shodokan Aikido (Shodokan Press). Other hobbies include running, traveling, and enjoying ethnic food.

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