Table of Contents

Part I: Introduction to Economics and the Economy1Limits, Alternatives, Choices2The Market System and the Circular FlowPart II: Price, Quantity, and Efficiency3Demand, Supply, and Market Equilibrium4Market Failures: Public Goods and Externalities5Government's Role and Government FailurePart III: GDP, Growth, and Instability6An Introduction to Macroeconomics7Measuring Domestic Output and National Income8Economic Growth9Business Cycles, Unemployment, and InflationPart IV: Macroeconomic Models and Fiscal Policy10Basic Macroeconomic Relationships11The Aggregate Expenditures Model12Aggregate Demand and Aggregate Supply13Fiscal Policy, Deficits, and DebtPart V: Money, Banking, and Monetary Policy14Money, Banking, and Financial Institutions15Money Creation16Interest Rates and Monetary Policy17Financial EconomicsPart VI: Extensions and Issues18Extending the Analysis of Aggregate Supply19Current Issues in Macro Theory and PolicyPart VII: International Economics20International Trade21The Balance of Payments, Exchange Rates, and Trade Deficits21WThe Economics of Developing CountriesCOI 1The United States in the Global EconomyCOI 2Previous International Exchange Rate Systems

About the Author

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 NebraskaLincoln. He is a professor at Pacific Lutheran University, where he has been 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, Seventh edition, Essentials of Economics, First edition (both The McGraw-Hill Companies), and The Evolution of Economic Thought, Seventh edition (South-Western).



Sean is an assistant professor of economics at Scripps College in Claremont, California. He is the author of the international best seller "Economics for Dummies" as well as the coauthor, along with Campbell McConnell and Stanley Brue, of the world's best-selling college economics textbook, "Economics: Principles, Problems, and Policies".
An avid martial artist, Sean is a former Aikido national champion and has coached five of his students to U.S. national aikido titles.
A recurring commentator on FOX Business, ABC News, and NPR, Sean holds a B.A. in economics from the University of Southern California and a Ph.D. in economics from U.C. Berkeley, where he completed his dissertation under the supervision of Nobel Laureate George Akerlof.
Sean's research focuses on the often puzzling and seemingly irrational behavior of stock market investors, but he's also investigated topics as wide-ranging as the factors that affect customer tipping behavior at restaurants and why you see a lot of unionized workers only in certain industries.