Foundations of Business Economics

Foundations of Business Economics

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Foundatioins of Business Economics explains microeconomic analysis in terms of real business situations. The underlying theme of the book is the way in which markets link together interdependent activities and how they confront and solve problems of information. The book covers a wide range of issues, including *The economic way of thinking *The Business environment *Product markets *Market failure *Factor markets *General equilibrium Theory is developed carefully but with a light touch and mathematics kept to a minimum, making the book easily accessible. It will be particularly valuable for those students whose interests lie on the human side of industry. explanation of microeconomic analysis in terms of real business practice. The author examines the way markets link together interdependent economic activities and provides general equilibrium models of the entire economic system.If a book costing Ap12 new could be resold second-hand after one year for M, its use for one year would cost Ap8 instead of Ap12. At an effective price of Ap8 a greater ... This is typical of the economic way of thinking. It specifies the relationships toanbsp;...

Title:Foundations of Business Economics
Author:Harry Townsend
Publisher:Routledge - 2002-01-08


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