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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, Seventh edition, and Essentials of Economics, First edition (both The McGraw-Hill Companies), 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. 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).

PART ONE: An Introduction to Economics and the Economy1 The Nature and Method of Economics2 The Economizing Problem3 Individual Markets: Demand and Supply4 The Market System5 The U.S. Economy: Private and Public Sectors6 The United States in the Global EconomyPART TWO: Macroeconomic Measurement and Basic Concepts7 Measuring Domestic Output and National Income8 Introduction to Economic Growth and Instability9 Basic Macroeconomic RelationshipsPART THREE: Macroeconomic Models and Fiscal Policy10 The Aggregate Expenditures Model11 Aggregate Demand and Aggregate Supply12 Fiscal PolicyPART FOUR: Money, Banking, and Monetary Policy13 Money and Banking14 How Banks and Thrifts Create Money15 Monetary PolicyPART FIVE: Long-Run Perspectives and Macroeconomic Debates16 Extending the Analysis of Aggregate Supply17 Economic Growth18 Deficits, Surpluses, and the Public Debt19 Disputes over Macro Theory and PolicyPART SIX: Microeconomics of Product Markets20 Elasticity of Demand and Supply21 Consumer Behavior and Utility Maximization22 The Costs of Production23 Pure Competition24 Pure Monopoly25 Monopolistic Competition and Oligopoly26 Technology, R&D, and EfficiencyPART SEVEN: Microeconomics of Resource Markets27 The Demand for Resources28 Wage Determination29 Rent, Interest, and ProfitPART EIGHT: Microeconomics of Government30 Government and Market Failure31 Public Choice Theory and the Economics of TaxationPART NINE: Microeconomic Issues and Policies32 Antitrust Policy and Regulation33 Agriculture: Economics and Policy34 Income Inequality and Poverty35 Labor Market Institutions and Issues: Unionism, Discrimination, Immigration36 The Economics of Health CarePART TEN: International Economics and the World Economy37 International Trade38 Exchange Rates, the Balance of Payments, and Trade Deficits39W The Economics of Developing Countries40W Transition Economies: Russia and China