Economics ISE

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 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 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.

• 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 Caused by Externalities and Asymmetric Information Chapter 5: Public Goods, Public Choice, 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 Chapter 11: Pure Monopoly Chapter 12: Monopolistic Competition Chapter 13: Oligopoly and Strategic Behavior Chapter 14: Internet Oligopoly: Networks and Platforms Chapter 15: Technology, R&D, and Efficiency PART FIVE: MICROECONOMICS OF RESOURCE MARKETS AND GOVERNMENTChapter 16: The Demand for Resources Chapter 17: Wage Determination Chapter 18: Rent, Interest, and Profit Chapter 19: Environmental EconomicsChapter 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, INTEREST RATES, AND MONETARY POLICY Chapter 34: Money, the Federal Reserve, and Interest Rates Chapter 35: Monetary Policy, GDP, and the Price Level Chapter 36: Financial Economics PART TEN: EXTENSIONS AND ISSUES Chapter 37: Extending the Analysis of Aggregate Supply Chapter 38: Current Issues in Macro Theory and Policy PART ELEVEN: INTERNATIONAL ECONOMICS Chapter 39: International Trade Chapter 40: The Balance of Payments, Exchange Rates, and Trade DeficitsChapter 41: The Economics of Developing Countries *Bold Chapters Denote Core Topics