Marcus Warren's book provides a broad coverage of economic theory, analysis and policy relevant to most undergraduate students studying economics as part of their degree. Specifically it is designed for students studying for property and business related courses and is a vital purchase for all first year students and some second year students involved in these disciplines. It is also relevant for accountancy, business and marketing students studying economics as one or two of their modules.
The main feature of this book is the inclusion of an application for students on property surveying courses, building surveying courses and rural land management students as well as some pure business examples for the business students. These applications will cover the main markets for this book at the end of each theory section.
The text is clear, concise and includes real life examples and case studies to back up the theory presented. It is global in its appeal, especially relevant for the UK, Europe and the Commonwealth.
Market analysis and its application to property: housing markets, commercial property markets, land markets, markets and land use patterns, market failure in the built environment and the impact of IT and globalisation. Property market forecasting and the economic life of buildings. Applied theory of the firm for business and property. Government policy and property markets: Fiscal policy, monetary policy and supply side economics. Business and property cycles. Economic objectives of government at both the local and national level and their impact on property.