Essentials of Economics
by Stanley Brue
5th Edition
Publisher: McGraw-Hill Higher Education
Book Details
| Print ISBN | 9781265350642 |
| eText ISBN | 9781265587352 |
| Publisher | McGraw-Hill Higher Education |
| Publishing Year | 2023 |
| Edition | 5th Edition |
| Language | English |
| Pages | 544 |
Essentials of Economics, 5th Edition, serves as an introductory textbook structured as a condensed alternative to standard survey courses. Authored by Stanley Brue, the volume is intended to help beginning students understand essential economic principles, evaluate policy alternatives, and reason objectively about economic problems in a single-semester format.
Core coverage explores both microeconomic systems and macroeconomic conditions. The book examines how markets allocate resources through supply and demand, how individual businesses make production choices, and how national economies experience growth and instability.
Instructional resources include McGraw-Hill Connect digital courseware, which provides SmartBook adaptive reading assignments to support student study and engagement.
Table of Contents
Chapter 1: Limits, Alternatives, and Choices
- • Appendix: Graphs and Their Meaning
Chapter 2: The Market System and the Circular Flow
Chapter 3: Demand, Supply, and Market Equilibrium
- • Appendix: Additional Examples of Supply and Demand
Chapter 4: Elasticity of Demand and Supply
Chapter 5: Market Failures: Public Goods and Externalities
Chapter 6: Businesses and Their Costs
Chapter 7: Pure Competition
Chapter 8: Pure Monopoly
Chapter 9: Monopolistic Competition and Oligopoly
Chapter 10: GDP and Economic Growth
Chapter 11: Business Cycles, Unemployment, and Inflation
Chapter 12: Aggregate Demand and Aggregate Supply
Chapter 13: Fiscal Policy, Deficits, and Debt
Chapter 14: Money, Banking, and Financial Institutions
Chapter 15: Interest Rates and Monetary Policy
Chapter 16: International Trade and Exchange Rates
Chapter 17: Wage Determination
Chapter 18: Income Inequality and Poverty
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