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Business Economics is aimed at business students who need a solid, but not excessively theoretical, introduction to economics which focuses on the contribution economics can make to the study of business policy. In addition to the standard economics of supply, demand, costs, and competition, the text places special emphasis on specifically business-oriented issues such as transaction costs, rents, sustainable competitive advantage, the resource-based view of the firm, corporate architecture, corporate governance, diversification and acquisitions, an outline of macroeconomics, forecasting, and an introduction to public policy. The text has been structured closely to meet existing business courses, and a section in the introduction recommends particular permutations of chapters to suit the different courses available. Each chapter contains an introduction covering the key concepts used, a further reading list, discussion questions and a conclusion summarizing what the student should have learnt. The book is extensively illustrated with figures, tables and other displayed material, and simple algebra will be all that is required by way of mathematical understanding. Business students will find this book is precisely tailored to meet their needs for successful study.
Business Economics is an introduction to the economics of markets, business organization, and business policy. The text is aimed at business students at both MBA and first- and second-year undrgraduate level, who need a solid introductory guide to economic principles which focuses on the contribution of economics to the study of business policy. Each chapter is introduced with a short section summarizing objectives and key concepts, and ends with a concise conclusion, further reading suggestions, and discussion questions to aid further study.
Business Economics is an introduction to the economics of markets, business organization, and business policy. The text is aimed at business students at both MBA and first- and second-year undrgraduate level, who need a solid introductory guide to economic principles which focuses on the contribution of economics to the study of business policy. Each chapter is introduced with a short section summarizing objectives and key concepts, and ends with a concise conclusion, further reading suggestions, and discussion questions to aid further study.