224 Pages
by
Routledge
224 Pages
by
Routledge
Also available as eBook on:
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... Read more
Part I Introduction 1 THE ECONOMIC WAY OF THINKING Part II The business environment 2 FIRMS, MARKETS AND INDUSTRIES 3 AIMS OF BUSINESS Part III Product markets 4 THREE MEANINGS OF COMPETITION 5 PURE COMPETITION, PERFECT COMPETITION AND EFFICIENT MARKETS 6 MONOPOLY AND ECONOMIC WELFARE 7 OLIGOPOLY: INTERDEPENDENT DECISIONS 8 MARKET PROBLEMS: INFORMATION, EXTERNALITIES AND PROPERTY RIGHTS 9 MARGINAL PRODUCTIVITY AND FACTOR DEMAND 10 SUPPLY, SUPPLY AND DEMAND, AND RESTRICTED COMPETITION 11 MARKET COMPLICATIONS: INFORMATION, CO-OPERATION AND CONFLICT Part V Conclusion 12 APPROACHES TO GENERAL EQUILIBRIUM
Biography
Harry Townsend is Emeritus Professor of Economics at Lancaster University. He helped organise the Edwards Seminars in Industrial Administration and has played a key role in establishing business economics as a subject.
