McConnell, Economics, AP Edition, © 2025, 23e

• Program Flyer
• Student Edition Sample Chapter: Macroeconomics
• Student Edition Sample Chapter: Microeconomics

Microeconomics

Unit 1: Basic Economic Concepts 

• Chapter 1: Scarcity, Resource Allocation, and Economic Systems
• Chapter 2: Production Possibilities and Trade
• Chapter 3: Cost-Benefit Analysis and Choice

Unit 2: Supply and Demand

• Chapter 4: Demand and Supply
• Chapter 5: Market Equilibrium
• Chapter 6: Government Intervention, International Trade, and Public Policy

Unit 3: Production, Cost, and the Perfect Competition Model

• Chapter 7: Businesses and the Costs of Production
• Chapter 8: Profit and Perfect Competition

Unit 4: Imperfect Competition 

• Chapter 9: Monopoly and Price Discrimination 
• Chapter 10: Monopolistic Competition, Oligopoly, and Game Theory

Unit 5: Factor Markets 

• Chapter 11: Factor Markets

Unit 6: Market Failure and the Role of Government

• Chapter 12: Market Failure, Externalities, and Public Goods 
• Chapter 13: Government Intervention and Inequalities

Macroeconomics 

Unit 1: Basic Economic Concepts 

• Chapter 1: Scarcity, Production Possibilities, and Trade
• Chapter 2: Demand, Supply, and Market Equilibrium

Unit 2: Economic Indicators and the Business Cycle

• Chapter 3: Circular Flow, GDP, and Unemployment
• Chapter 4: Inflation and Business Cycles 

Unit 3: National Income and Price Determination

• Chapter 5: Aggregate Demand and Aggregate Supply
• Chapter 6: Fiscal Policy, Deficits, and Debts

Unit 4: Financial Sector 

• Chapter 7: Money and Interest Rates
• Chapter 8: Money Markets and Monetary Policy

Unit 5: Long-Run Consequences of Stabilization Processes 

• Chapter 9: Short-Run Policy and the Phillips Curve
• Chapter 10: Economic Growth

Unit 6: Open Economy—International Trade and Finance

• Chapter 11: The Balance of Payments and Exchange Rates
• Chapter 12: International Trade

CAMPBELL 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 L. BRUE did his undergraduate work at Augustana College in 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 M. FLYNN did his undergraduate work at the University of Southern California before completing his Ph.D. at UC 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. His other hobbies include running, traveling, and cooking.