Microeconomics Books
Pearson Education Introduksjon til mikroøkonomi
Book Synopsis
£70.99
McGraw-Hill Education ISE Managerial Economics Organizational
Book SynopsisEmpower your students to solve today's important business problems with the basic tools of economics and without overwhelming calculus. Ideal for MBA courses, Brickley focus on data-driven decision-making and managerial applications within the structure of an organization. Using multidisciplinary examples, students leverage the underlying economic framework to analyze a variety of problems managers face today. It also provides an in-depth analysis of the firm and corporate governance topics.Brickley paired with Connect Economics provides assignable,auto-gradable versions of test bank content. Assignable content is fully integrated with the eBook. Students are also able to search, highlight, and take notes within the ReadAnywhere eBook and complete adaptive reading assignments offline. Connect provides instructors with powerful reporting tools allowing them to plan, track, and analyze student performance across learning outcomes.Table of ContentsPart 1: Basic ConceptsChapter 1 Introduction Chapter 2 Economists’ View of Behavior Chapter 3 Exchange and Markets Part 2: Managerial EconomicsChapter 4 Demand Chapter 5 Production and CostChapter 6 Market StructureChapter 7 Pricing with Market PowerChapter 8 Economics of Strategy: Creating and Capturing ValueChapter 9 Economics of Strategy: Game Theory Chapter 10 Incentive Conflicts and Contracts Part 3: Designing Organizational ArchitectureChapter 11 Organizational Architecture Chapter 12 Decision Rights: The Level of EmpowermentChapter 13 Decision Rights: Bundling Tasks into Jobs and Sub-units Chapter 14 Attracting and Retaining Qualified EmployeesChapter 15 Incentive Compensation Chapter 16 Individual Performance EvaluationChapter 17 Divisional Performance EvaluationCapstone Case Study on Organizational Architecture: Arthur Andersen LLP Part 4: Applications of Organizational ArchitectureChapter 18 Corporate Governance Chapter 19 Vertical Integration and Outsourcing Chapter 20* Leadership: Motivating Change within Organizations Chapter 21 Understanding the Business Environment: The Economics of Regulation Chapter 22 Ethics and Organizational Architecture Chapter 23* Organizational Architecture and the Process of Management Innovation
£61.74
Barrons Educational Services AP MicroeconomicsMacroeconomics Premium Eighth
Book Synopsis
£16.19
Pearson Education Limited Microeconomics Global Edition
Book SynopsisTable of Contents Part 1: INTRODUCTION: MARKETS AND PRICES 1. Preliminaries 2. The Basics of Supply and Demand Part 2: PRODUCERS, CONSUMRS, AND COMPETITIVE MARKETS 3. Consumer Behavior 4. Individual and Market Demand 5. Uncertainty and Consumer Behavior 6. Production 7. The Cost of Production 8. Profit Maximization and Competitive Supply 9. The Analysis of Competitive Markets Part 3: MARKET STRUCTURE AND COMPETITIVE STRATEGY 10. Market Power: Monopoly and Monopsony 11. Pricing with Market Power 12. Monopolistic Competition and Oligopoly 13. Game Theory and Competitive Strategy 14. Markets for Factor Inputs 15. Investment, Time, and Capital Markets Part 4: INFORMATION, MARKET FAILURE, AND THE ROLE OF GOVERNMENT 16. General Equilibrium and Economic Efficiency 17. Markets with Asymmetric Information 18. Externalities and Public Goods 19. Behavioral Economics Appendix: The Basics of Regression Answers to Selected Exercises
£79.79
Profile Books Ltd The Velvet Rope Economy: How Inequality Became
Book SynopsisIn nearly every realm of daily life there is an invisible velvet rope that divides how we live. On one side, appointments are secured, queues are skipped and doors are opened. On the other, people fight for an empty seat on the plane, a place in line at a theme park or even a medical exam. Schwartz shows how business innovators have stepped in to exploit the gap between the rich and everyone else, shifting services away from the masses and finding new ways to profit by serving the privileged. The frictionless world of VIP experiences seems like good business, but as this model expands, the costs are mounting. Schwartz's gripping account takes us on a glittering, behind-the-scenes tour of this new reality - and shows the toll the velvet rope divide is taking on society.Trade ReviewIf you've wondered how today's rich live ... you need to read The Velvet Rope Economy. You'll never look at boarding a plane-or privilege and polarization-the same way. -- Charles Duhigg, bestselling author * The Power of Habit *Nelson Schwartz's book uses vivid and detailed reporting to advance an important, novel, and ultimately scary argument about the ways that inequality is changing our economy. Anyone interested in the topic of inequality should read this book. -- Jason Furman, former Chairman of the White House Council of Economic AdvisersTimely and essential . . . Through careful reporting and entertaining storytelling, Schwartz unpacks the degree to which wealth insulates the privileged, as well as the dangers of our free-falling transformation into a caste-based society. * Esquire *Sharp and illuminating, [...] entertaining and infuriating, this carefully balanced inquiry strikes the right chord. * Publishers Weekly *A masterpiece of beautifully written, carefully reported social commentary. Schwartz is able to take everyday things we already know-like the fact that the rich get to live a life entirely distinct from the rest of us-and shows, through colorful tales and great storytelling, that this is no curiosity. It is an indictment, a warning, a prediction, and a nuanced vision of our society. This book will become essential reading to understand this moment. But don't let the grandness of his work scare you: it's a fun, surprising read filled with unexpected peeks into the perquisites of superwealth. -- Adam Davidson, co-founder of Planet Money and author of The Passion EconomyThrough vivid illustrations and systematic analysis, this brilliantly argued book demonstrates the corrosive impact of growing inequality on society....A must read. -- Emmanuel Saez, Professor of Economics, University of California, BerkeleyAn intriguing examination of income inequality * Kirkus Reviews *Schwartz decided not just to document all the ways our business culture has learned to cater to the rich at the expense of the rest of us, but to explain why it matters. It's an eye-opening exploration of a trend with many consequences, none of them good. -- Joe Nocera, author of A Piece of the Action: How the Middle Class Joined the Money ClassSchwartz vividly portrays the way inequality plays out in the thick of daily life. The visceral divides between us are brilliantly - and painfully - brought to life. -- Richard V. Reeves, Senior Fellow, Brookings Institution and author * Dream Hoarders *Explains how everything Americans purchase - travel, leisure, education, and health care - suddenly got really good for the wealthy and a lot worse for the rest of us ... This is a book that will likely make you very, very mad. It will also, however, provide some context on why you feel so mad, and perhaps give a sense of clarity about what it all means and how to fix it. * Vox.com *Everyone has heard that America is suffering through a second Gilded Age of economic extremes and new levels of privilege and inequality. But very few people are aware of the detailed architecture that builds inequality into daily life. That is what makes Nelson Schwartz's account of the hidden history of privilege so revealing and fascinating - and so important. -- —James Fallows, winner of the National Book Award and author of 'Our Towns'Terrific * CNN *
£10.44
Cambridge University Press Online and MatchingBased Market Design
Book SynopsisWritten by more than fifty top researchers from economics, OR, and algorithm design, this text comprehensively covers a major inter-disciplinary field and its important applications from the basics to state of the art. Key chapters discuss efficiency, fairness and incentives, and market design and its relation to social choice theory.Trade Review'This superb compendium of all aspects of matching markets is an excellent text for advanced students and a definitive reference that integrates economic and computational aspects of market design.' Robert Wilson, The Adams Distinguished Professor of Management, Emeritus, Stanford University'Matching markets are among the earliest points of contact between the theories of economics and computation. Decades before the advent of Algorithmic Game Theory, great economists articulated discrete algorithmic problems involving agents, goods, and preferences, and invented efficient algorithms for their solution. In the era of the Internet, the importance of the subject has exploded, and so has the convergence of computational and economic research on it. This comprehensive collection of expertly written articles exhausting the many facets of this important topic is destined to influence its further evolution, and will be a quintessential source for students and researchers.' Christos H. Papadimitriou, Donovan Family Professor of Computer Science, Columbia University'A multi-authored textbook is a challenging project, all the more so on a deeply interdisciplinary topic. Starting from the mathematical foundations and developing into sophisticated applications and empirics, all along supplemented by a rich menu of exercises, this volume makes the state of the art of market design equally accessible to the beginner students and advanced researchers.' Hervé Moulin, The Donald J Robertson Professor of Economics, University of Glasgow'The modern digital economy depends crucially on the performance of matching-based markets for goods and services ranging from energy to healthcare to cloud services and beyond. So it is wonderful to have a book that develops the beautiful and rich algorithmic and game theoretic foundations of these markets, taking us all the way to the research frontier. I can't wait to teach a course on online and matching-based market design based on this book!' Anna Karlin, Professor and Bill and Melinda Gates Chair of Computer Science and Engineering, University of Washington'The definitive handbook for a beautiful scientific area that combines elegant theory with a variety of practical applications, economics with computer science, and classical results with fierce ongoing research.' Noam Nisan, Professor of Computer Science and Engineering, Hebrew University of JerusalemTable of ContentsPreface; Foreword Alvin E. Roth; Part I. Foundations of Market Design: 1. Two-sided markets: stable matching Federico Echenique, Nicole Immorlica and Vijay V. Vazirani; 2. One-sided matching markets Federico Echenique, Nicole Immorlica and Vijay V.Vazirani; 3. Matching markets with transfers and salaries Federico Echenique, Nicole Immorlica and Vijay V. Vazirani; 4. Objectives Federico Echenique, Nicole Immorlica and Vijay V.Vazirani; 5. Applications of online matching Zhiyi Huang and Thorben Trobst; 6. Online matching in advertisement auctions Nikhil R. Devanur and Aranyak Mehta; 7. Spectrum auctions from the perspective of matching Paul Milgrom and Andrew Vogt; 8. School choice Atila Abdulkadiroglu and Aram Grigoryam; 9. Kidney exchange Itai Ashlagi; 10. Normative properties for object allocation problems: characterizations and trade-offs Lars Ehlers and Bettina Klaus; 11. Choice and market design Samson Alva and Battal Dogan; 12. Combinatorics of stable matchings Tamas Fleiner; 13. Algorithmics of matching markets Jiehua Chen and David Manlove; 14. Generalized matching: contracts and networks John William Hatfield, Ravi Jagadeesan, Scott Duke Kominers, Alexandru Nichifor, Michael Ostrovsky, Alexander Teytelboym and Alexander Westkamp; 15. Complementarities and externalities Thanh Nguyen and Rakesh Vohra; 16. Large matching markets Jacob D. Leshno; 17. Pseudomarkets Marek Pycia; 18. Dynamic matching Mariagiovanna Baccara and Leeat Yariv; 19. Matching with search frictions Hector Chade and Philipp Kircher; 20. Unraveling Hanna Halaburda and Guillaume Haeringer; 21. Investment in matching markets Matthew Elliott and Eduard Talamas; 22. Signaling in two-sided matching markets Soohyung Lee; 23. Two-sided markets matching design Renato Gomez and Alessandro Pavan; 24. Matching market experiments Yan Chen; 25. Empirical models of non-transferable utility matching Nikhil Agarwal and Paulo Somaini; 26. Structural estimation of matching markets with transferable utility Alfred Galichon and Bernard Salanie; 27. New solution concepts Shengwu Li and Irene Lo; 28. Machine learning for matching markets Zhe Feng, David C. Parkes and Sai Srivatsa Ravindranath; 29. Contract theory Gabriel Carroll; 30. Secretaries, prophets, and applications to matching Michal Feldman and Brendan Lucier; 31. Exploration and persuasion Aleksandrs Slivkins; 32. Fairness in prediction and allocation Jamie Morgenstern and Aaron L. Roth.
£52.24
Penguin Books Ltd Superfreakonomics
Book SynopsisThe international bestselling Freakquel to Levitt and Dubner''s Freakonomics, this book sees them looking deeper, questioning harder and uncovering even more hidden truths about our world, from global cooling to patriotic prostitutes, drunk walking to why suicide bombers should buy life insurance.''Mind-blowing'' Wall Street Journal''Page-turning, politically incorrect and ever-so-slightly intoxicating, like a large swig of tequila'' The Times''Like Freakonomics but better ... you are guaranteed a good time'' Financial Times''Great fun ... Levitt is a master at drawing counter-intuitive conclusions'' Sunday Times''Studded with intriguing examples'' Daily TelegraphTrade ReviewLike Freakonomics, but better ... thrilling ... you are guaranteed a good time ... underneath the dazzle, there is substance too -- Tim Harford Financial Times Levitt is a master at drawing counter-intuitive conclusions ... great fun ... Superfreakonomics travels further than its predecessor -- Tom Standage Sunday Times A humdinger ... Page-turning, politically incorrect and ever-so-slightly intoxicating, like a large swig of tequila The Times
£10.44
MIT Press Ltd Microeconomic Essentials Understanding Economics
Book SynopsisA concise and nontechnical introduction to microeconomics, emphasizing concepts over mathematics, with real-world examples and applications.This concise and nontechnical introduction to microeconomics emphasizes concepts over mathematics. Keeping in mind that sometimes the most accurate model is not very useful in the real world, Microeconomic Essentials balances economics as mathematics with economics as a social process. Microeconomics is part of daily life; gas prices, wage increases, the rising cost of health care, international trade: all are microeconomic topics. Therefore, like its predecessor, Macroeconomic Essentials, this textbook accompanies its explanations with examples and real-world applications.The book covers the basic market model of supply and demand, showing how this “powerhouse” model can explain most price changes in the market. It discusses government intervention in the market; consumer theory and utility maximization,
£55.80
Taylor & Francis Small Business Enterprise
Book SynopsisThe role of small business enterprise in a mature market economy is one of the major issues in contemporary industrial organization, and is the focus of this book. Small Business Enterprise brings new standards of rigour and insight into the study of small firms by importing contemporary ideas from industrial economics and by using up-to-date statistical and econometric techniques. Based on a uniquely rich set of data, Small Business Enterprise focuses on the early period after start-up of the small firm. It investigates competitive niches and how they are established, determinants of growth and profitability, the factors fostering survivial, and many other central issues. This core of economic analysis is complemented by an innovative case profile approach, which considers the real behaviour of small firms in a competitive environment; and a section on the political economy of small firms, which looks at the ethics of competition and the enterprise culture.Trade Review`The book is rich in ideas and insight, and will be useful for reference. ... is accessible and lucidly written, ... Any economist with a shelf of books on small firms has to add this one.' - The Business Economist Vol 25 No 1 93`... a book combining empirical research, economic analysis and theory for SMEs is very welcome. And for a book of this quality, it is an event.' - Graham Bannock, Economic Affairs`With the publication of this book and the bold research agenda he proposes Reid single handedly moved the entire field of small business economics forward towards maturity.' - David B. Audretsh, Kyklos`Professor Reid is almost religious in his drive to persuade researchers to gather primary data, and devise estimation techniques to advance the frontiers of small business economics. With this I can hardly quibble. To my knowledge this is the finest work of its kind. It fills an important niche in our understanding of small firms, and the effort has to be judged a success.' - The Journal of Economic LiteratureTable of ContentsPreface Part I Introduction 1 Analysing the small business enterprise 2 The small firms relational database Part II Statistical analysis 3 The typical small business enterprise 4 Cost curves and scale economies 5 Rankings data on financial inception Part III Case studies 6 Enterprise profiles 7 Competitive and defensive strategies 8 The forces of competition Part IV Econometrics 9 Staying in business 10 Pricing asymmetries 11 Growth and its determinants Part V Political economy 12 Small firms and fair trade 13 Perceptions of the enterprise culture Part VI Conclusion 14 A small firms research agenda
£54.68
Taylor & Francis Ltd Portfolio for the Planet Lessons from 10 Years of Impact Investing
Book SynopsisRapid growth of the global economy has accelerated the degradation of the Earth's most important asset: the environment. Increasing poverty and challenges arising from climate change further threaten the planet's natural systems. With a rising global population, the demand on natural resources to cover even basic human needs is intensifying supporting businesses that promote the sustainable use of natural resources and help ensure their long-term viability is imperative. As part of a pioneering movement to harness business towards effecting environmental change, The Nature Conservancy launched EcoEnterprises Fund in 2000 to provide investment capital to grow small eco-businesses in Latin America. There is a compelling need for financing this niche. Companies of this size truly drive change creating the engine for economic activity and generating livelihoods for bottom of the pyramid rural peoples which brings about positive social and conservation impacts. EcoEnterprises FuTable of ContentsIntroduction Section 1: Building an Investment Niche Section 2: Building a Portfolio Section 3: Structuring the Deals Section 4: Working the Deals Section 5: Managing the Fund Section 6: Final Thoughts
£49.39
Taylor & Francis Ltd Retirement Security in the Great Recession
Book SynopsisFew events have posed as many challenges for retirement and retirement policy as the crisis of the late 2000s. At the end of the last decade, the United States experienced the Great Recessiona combination of unprecedented wealth losses and historically high unemployment increases that marked the longest economic recession since the Great Depression. These adverse economic shocks coincided with the burgeoning entry into retirement by the baby boomer generation, those born in the United States between 1946 and 1964. The confluence of these trends meant that retirees may have faced greater economic insecurity than at any point since World War II. This book brings together a number of influential researchers whose work is focused on economic policies and their impacts on retirement income security. They come from both academic and policy backgrounds. Specifically, half of the eight contributors are academics, while the other four come from think tanks in Washington, DC. This book is thuTable of Contents1. Introduction Christian E. Weller 2. Prelude to a RIF: Older Workers, Part-Time Hours and Unemployment Jeremy Reynolds and Jeffrey B. Wenger 3. The Impact of the Housing Crash on the Wealth of the Baby Boom Cohorts David Rosnick and Dean Baker 4. What Will Happen to Retirement Income for 401(k) Participants After the Market Decline? Jack VanDerhei 5. Did Retirees Save Enough to Compensate for the Increase in Individual Risk Exposure? Christian E. Weller 6. Early Retiree and Near-Elderly Health Insurance in Recession Elise Gould and Alexander Hertel-Fernandez 7. The (Interconnected) Reasons that Elder Americans File Consumer Bankruptcy Deborah Thorne 8. Reforming Retirement: Values and Self-Interest Drive Support for Policy Reform in Opposite Directions David Madland 9. How to Supplement Social Security Fairly and Effectively Teresa Ghilarducci
£31.99
Pearson Education Limited Essential Economics for Business
Book SynopsisEssential Economics for Business offers students a concise, accessible and engaging introduction to the key principles of micro and macroeconomics, in addition to broader business-related topics, including business organisation and strategy. Numerous cases and examples throughout the text illustrate how economics can be used to understand specific business problems or aspects of the business environment, from economic growth, to levels of business investment, interest rates, employment issues, the prices firms charge, the rise of online shopping and Brexit. This is the ideal text for students taking a module including economics on any business or management degree or diploma course.Table of ContentsBrief Contents Preface Publisher’s acknowledgements Part A INTRODUCTION 1 Business and the economic environment Part B MARKETS, DEMAND AND SUPPLY 2 The working of competitive markets 3 Demand and the consumer 4 Supply decisions in a perfectly competitive market Part C THE MICROECONOMIC ENVIRONMENT OF BUSINESS 5 Pricing and output decisions in imperfectly competitive markets 6 Business growth and strategy 7 Multinational corporations and business strategy in a global economy 8 Labour and employment 9 Government, the firm and the market Part D THE MACROECONOMIC ENVIRONMENT OF BUSINESS 10 The economy and business activity 11 National macroeconomic policy 12 The global trading environment 13 The global financial environment Websites appendix Key ideas Glossary Index
£56.99
John Wiley and Sons Ltd Should We Abolish Household Debts?
Book SynopsisWe live in a culture of credit. As wages have stagnated, we’ve seen a dramatic surge in private borrowing across the western world; increasing numbers of households are sucked into a hopeless vortex of spiralling debt, fuelled by exploitative lending. In this book Johnna Montgomerie argues that the situation is chronically dysfunctional, both individually and collectively. She shows that abolishing household debts can put an end to austerity and to the unsustainable forward march of debt-dependent growth. She combines astute economic analysis with the elements of an accessible guide to practical policy solutions such as extending unconventional monetary policy to the household sector, providing pragmatic and affordable refinancing options, and writing off the most pernicious elements of household debt. This framework, she contends, can help us to make our economy fairer and to tackle both the housing crisis and accelerating inequality.Trade Review"Abolishing household debt is heresy to the politicians who brought us bank bailouts and austerity. Johnna Montgomerie explains why so many families in Britain are dependent on borrowing and offers concrete proposals for ending the debt-fuelled growth."—Paul Mason, journalist and author "In this book, Johnna Montgomerie demonstrates that an apparently radical idea, abolishing household debt, is just common sense. Buy it, read it, tell others to do the same."—John Weeks, Coordinator of the Progressive Economy Forum "It is not often that I read a non-fiction book that is an easy read, explains complex economic concepts with metaphors that are simple enough to understand, and make perfect sense. Should we abolish household debts? by Johnna Montgomerie is such a book."—Financial Times "Concise, informative."—Morning Star
£9.99
Quarto Publishing Group USA Inc Everyday Economics Made Easy: A Quick Review of
Book SynopsisThis easy-to-understand and fully illustrated handbook teaches essential economic concepts so you can confidently apply economic reasoning in daily situations and discussions. Economics may seem inaccessible and complicated, but in reality, we live in an economy all the time and use economic principles every day. Economic insight and knowledge can easily and quickly solve a curiosity or problem, avoid a minor catastrophe, or even help provide support for your own economic hunch or theory. With Everyday Economics Made Easy, economics comes down from the ivory tower and into the real world. You’ll review the most important basic economic concepts, history, debates, areas, and ways of thinking about economic issues—all while helping you apply these ideas in your everyday life. This book will introduce you to: The tools and theoretical approaches economists use The rich history of economic thought and its continued relevance today The contributions of notable economists The areas of microeconomic and macroeconomic analysis Complete with colorful graphics, intriguing sidebars, and easy-to-follow examples, Everyday Economics Made Easy is a calm and patient tutor to help you appreciate the how and why of economic thinking and analysis, its importance, and its application to common economic dilemmas. Build your skills as an economist with confidence in no time at all! Get a quick review of everything you forgot you knew with the Everyday Learning series from Wellfleet Press. Need a refresher course in topics like grammar and philosophy? Then let these handy reference books be your sidekicks on your journey to higher learning. You’ll learn about timeless global topics, as well as the thought leaders responsible for some of the greatest contributions in the worlds of science, art, and more. Packed with useful information, these portable books are perfect for commuters who want to jump-start their day with useful and fun facts. With the Everyday Learning series, you’ll be an expert in any field in no time. Other titles in this series include: Everyday Economics Made Easy, Everyday Grammar Made Easy, Everyday Mathematics Made Easy, Everyday Philosophy Made Easy, and Everyday Spanish Made Easy. Table of ContentsINTRODUCTION PART I: IN THE BEGINNING CHAPTER 1: A BRIEF HISTORY OF ECONOMIC THOUGHT CHAPTER 2: ECONOMIC SYSTEMS PART II: UNDERSTANDING THE BASICS CHAPTER 3: BASIC ECONOMIC PRINCIPLES CHAPTER 4: THE PRODUCTION POSSIBILITIES CURVE PART III: THE ECONOMIC DYNAMIC DUO: MICROECONOMICS AND MACROECONOMICS CHAPTER 5: DEMAND CHAPTER 6: SUPPLY CHAPTER 7: CONSUMER THEORY CHAPTER 8: MACROECONOMICS CHAPTER 9: MONEY, INFLATION, RECESSION, AND DEPRESSION CHAPTER 10: ECONOMIC POLICY CHAPTER 11: THE ECONOMY’S IMPACT ON SOCIETY CONCLUSION GLOSSARY REFERENCES ACKNOWLEDGMENTS ABOUT THE AUTHOR INDEX
£13.49
Macmillan Learning Microeconomics
Book Synopsis
£73.14
Hackett Publishing Co, Inc The Economy 2.0 Microeconomics
Book Synopsis
£52.69
Princeton University Press Slow Burn
Book Synopsis
£22.50
Pearson Education Applied Economics
Book SynopsisAlan Griffiths, BA, MSc, is Reader in Economics in the Ashcroft International Business School, Anglia Ruskin University. Stuart Wall, BA, MSc, is Professor of Business and Economics Education in Anglia Ruskin University, and Head of the Department of International Business and Strategy. They are both authors of Economics for Business and Management', also published by Pearson. Table of ContentsGuided tour Preface Acknowledgements 1 Changes in the economic structure Structure defined Structural change in the UK &n
£77.89
Cambridge University Press Behavioral Rationality and Heterogeneous
Book SynopsisRecognising that the economy is a complex system with boundedly rational interacting agents, the book presents a theory of behavioral rationality and heterogeneous expectations in complex economic systems and confronts the nonlinear dynamic models with empirical stylized facts and laboratory experiments. The complexity modeling paradigm has been strongly advocated since the late 1980s by some economists and by multidisciplinary scientists from various fields, such as physics, computer science and biology. More recently the complexity view has also drawn the attention of policy makers, who are faced with complex phenomena, irregular fluctuations and sudden, unpredictable market transitions. The complexity tools - bifurcations, chaos, multiple equilibria - discussed in this book will help students, researchers and policy makers to build more realistic behavioral models with heterogeneous expectations to describe financial market movements and macro-economic fluctuations, in order to bettTrade Review'Professor Hommes' work is a major contribution to the understanding of intertemporal economic fluctuations. In a world in which production and investment behavior is motivated by expectations of the future, the way those expectations are formed becomes of the utmost importance. These expectations lead to dynamic systems, and the author draws on the rich literature developed for the study of mechanical and gravitational phenomena. These lead to the emergence of very complex behavior in markets driven by expectations, especially when different economic agents have different modes of forming expectations from data. The study of this book will have a profound impact on the theoretical and empirical analysis of securities markets and other forms of investment.' Kenneth J. Arrow, Joan Kenney Professor of Economics and Professor of Operations Research, Emeritus, Stanford University, and Winner of the Nobel Prize in Economics, 1972'Cars Hommes has written an excellent book that is a combination of theory, economic modeling and economic experiments. The book is an outgrowth of a course on nonlinear economic dynamics that he has given mostly at the University of Amsterdam for the last 20 years.' Carl Chiarella, Head, Finance Discipline Group, University of Technology, Sydney'Cars Hommes' excellent book puts us firmly back on the path that we should have followed had we heeded Poincaré's warnings and built our economic theory on the foundations that he laid. The book's careful formal analysis, empirical and experimental evidence provides a solid basis for understanding the volatile evolution of economies. It provides the framework for a better understanding of how economies do actually behave rather than how current economic theory says they should behave. This book could not have come at a more opportune moment.' Alan Kirman, Professor Emeritus of Economics, Université d' Aix-Marseille III, and Director of Studies, Ecole des Hautes Etudes en Sciences Sociales'Assumptions about the homogeneity of individuals' expectations have limited economic modeling for some time. In this very complete book, Cars Hommes shows the reader how the world of heterogeneous expectations works in several different contexts. It distinguishes itself by covering theory along with empirical and experimental validation. Researchers interested in getting up to speed in this relatively new area of economics will find this book an excellent overview and tutorial.' Blake LeBaron, Abram L. and Thelma Sachar Chair of International Economics, Brandeis University'Without doubt, rational expectations has been a powerful and useful assumption in pushing applied work forward in the last 40 years. But positing that agents have heterogeneous beliefs that deviate from the measure implied by a model opens up new possibilities that promise to allow us to resolve some of our many remaining puzzles about asset prices and quantities. Cars Hommes' book is a leading example of how productive this approach can be.' Thomas J. Sargent, W. R. Berkley Professor of Economics and Business, New York University, Senior Fellow, Hoover Institution, Stanford University, and Winner of the Nobel Prize in Economics, 2011'Cars Hommes has written an exciting book that will help students, researchers and policy-makers to formulate their own realistic behavioral rationality models with heterogeneous expectations. I can highly recommend reading it. This book is undoubtedly also suitable for teaching nonlinear economic dynamics with a strong behavioral flavor at Master or PhD level. Even advanced Bachelor students should be able to learn some important lessons.' Journal of Economics and StatisticsTable of Contents1. Introduction; 2. Bifurcations and chaos in 1-D systems; 3. Bifurcations and strange attractors in 2-D systems; 4. The nonlinear cobweb model; 5. The cobweb model with heterogeneous expectations; 6. An asset pricing model with heterogeneous beliefs; 7. Empirical validation; 8. Laboratory experiments.
£57.59
Pearson Education Limited Microeconomics Global Edition
Book SynopsisAbout our authors Daron Acemoglu is the Elizabeth and James Killian Professor of Economics in the Department of Economics at the Massachusetts Institute of Technology. He has received a BA in economics from the University of York, an MSc in mathematical economics and econometrics from the London School of Economics, and a PhD in economics from the London School of Economics. On 14 October 2024, the Nobel Prize in Economic Sciences was awarded jointly to Daron Acemoglu, Simon Johnson, and James A. Robinson for studies of how institutions are formed and affect prosperity. He is an elected fellow of the National Academy of Sciences, the American Academy of Arts and Sciences, the Econometric Society, the European Economic Association, and the Society of Labor Economists. He has received numerous awards and fellowships, including the inaugural T. W. Schultz Prize from the University of Chicago in 2004, the inaugural Sherwin Rosen Award for outstanding conTable of ContentsPARTI: INTRODUCTION TO ECONOMICS1. The Principles and Practice of Economics2. Economic Science: Using Data and Models to Understand the World3. Optimization: Trying to Do the Best You Can4. Demand, Supply, and Equilibrium PARTII: FOUNDATIONS OF MICROECONOMICS5. Consumers and Incentives6. Sellers and Incentives7. Perfect Competition and the Invisible Hand8. Trade9. Externalities and Public Goods10. The Government in the Economy: Taxation and Regulation11. Markets for Factors of Production PARTIII: MARKET STRUCTURE12. Monopoly13. Game Theory and Strategic Play14. Oligopoly and Monopolistic Competition PARTIV: EXTENDING THE MICROECONOMIC TOOLBOX15. Trade-offs Involving Time and Risk16. The Economics of Information17. Auctions and Bargaining18. Social Economics
£77.99
Springer Verlag, Singapore Microeconomic Theory
Book SynopsisThis book covers microeconomic theory at the Master’s and Ph.D levels for students in business schools and economics departments. It concisely covers major mainstream microeconomic theories today, including neoclassical microeconomics, game theory, information economics, and contract theory. The revamped, 3rd edition of "Microeconomic Theory" offers faculty, graduate and upper undergraduate students with a comprehensive curriculum solution. Table of ContentsChapter 1. Producer Theory.- Chapter 2. Consumer Theory.- Chapter 3. Risk Theory.- Chapter 4. Equilibrium Theory.- Chapter 5. Micro-Foundation for Financial Markets.- Chapter 6. Micro-Foundation for Industrial Markets.- Chapter 7. Imperfect Information Games.- Chapter 8. Incomplete Information Games.- Chapter 9. Cooperative Games.- Chapter 10. Signalling.- Chapter 11. Mechanism Design.- Chapter 12. Incentive Contracts.
£82.49
World Scientific Publishing Co Pte Ltd Economics Of Small Business, The: An Introductory
Book SynopsisThis survey reviews research on the economics of small business, introducing key concepts for the understanding of the research, including some basic microeconomics, distribution functions, and concepts of entrepreneurship. Accessible to readers with elementary knowledge of economics and probability, the book is suitable as a text for an undergraduate course in the economics of small business. It also covers the economics of organization, the role of the family in small business, human capital and nonpecuniary motivation, together with the relationship of small business to entrepreneurship and growth. Public policy toward small business is discussed with an emphasis on the United States, together with comparisons and contrasts of many other countries.
£63.00
Oneworld Publications The Moneyless Man: A Year of Freeconomic Living
Book SynopsisThe astonishing reality of living without our most important resource: money. 'An inspiring and entertaining guide to escaping the money trap and reconnecting with reality.' Paul Kingsnorth, author of Real England Imagine a year living without spending money... Former businessman Mark Boyle undertook this extraordinary challenge and recounts the amazing adventure it led him on. Going back to basics and following his own strict rules, Mark learned ingenious ways to eliminate his bills and discovered that friendship has no price. Encountering seasonal foods, solar panels, skill-swapping schemes, caravans, compost toilets, and – the unthinkable – a cash-free Christmas, Boyle puts the fun into frugality and offers some great tips for economical (and environmentally friendly) living. A testament to Mark’s astounding determination, this witty and thought-provoking book will make you reevaluate what is most precious in life.Trade Review‘Essential and enjoyable reading. The fascinating story of an important social experiment, told with humility, insight and great humour.’ —Chris Cleave, author of Everyone Brave is Forgiven'An inspiring and entertaining guide to escaping the money trap and reconnecting with reality.' —Paul Kingsnorth, author of Real England: The Battle Against the Bland'An inspiring, hair-raising journey into a world which most of us can only begin to imagine. Fearless and funny, Boyle’s descriptions of simple living and its unexpected repercussions are guaranteed to make you smile.' —Kate Aydin'Whether you think him brave or foolhardy, his book contains cogent ideas and practical tips that, post-credit crunch, you many no longer be able to ignore.' —Waterstones'It’s difficult not to admire the philosophy, and the infectious home-spun and passionate tone!' —Benedict Allen - Survivalist and author of The Faber Book of Exploration
£9.49
Oxford University Press Firm Commitment
Book SynopsisThe corporation is one of the most important and remarkable institutions in the world. It affects all our lives continuously. It feeds, entertains, houses and, employs us. It generates vast amounts of revenue for those who own it and it invests a substantial proportion of the wealth that we possess. But the corporation is also the cause of immense problems and suffering, a source of poverty and pollution, and its failures are increasing. How is the corporation failing us? Why is it happening? What should we do to restore trust in it? While governments are subject to repeated questioning and scrutiny, the corporation receives relatively little attention. Firm Commitment provides a lucid and insightful account of the role of the corporation in modern society and explains why its problems are growing. It gives a fresh perspective on the crises in financial markets, developing countries, and the environment. Based on decades of analysis and research, it describes a new approach to thinkingTrade Review[A] splendid book. * Martin Wolf Financial Times *A constructive critique of the commercial corporation and ultimately an ambiguous agenda for change. Worthy of wide readership because it is also a carefully weighed historical reflection, and thus unlike the majority of books published in this genre. * Oxford Today Vol. 25 No. 2 *A provocative book ... Mayer's critique of the modern corporation will resonate with millions who sense that something serious has gone amiss. * Bloomberg News *There is no shortage of reflections on the market failure in the West. [But this is] not just another fashionable tome on the topic. Rather, it is a solemn contemplation of the roots of corporations' defects. You can sense the seriousness of his thoughts in every line. * China Daily *A smart new book. * The Atlantic *An important book. It provides an impressive explanation of the state of things and a blueprint for converting the corporation into a 21st century organisation that could perhaps be trusted to promote the interests of economies and societies everywhere. * New Zealand Management *Mayer makes his case clearly and passionately. * Financial Times Summer Books Guide *An outspoken book ... This is not a theoretical debate but one of urgent importance for economies around the world. * GRC-Daily (Governance, Risk Management and Compliance) *The combination of theory and its commercial application comes through in this thoughtful study of the corporation. The analysis is quality. * Neil Hedges, Management Today *Blunt ... thoughtful ... thought-provoking * Eric Krell, Business Finance Magazine *Lays out a plan for a radical rethink of the purpose of the corporation. * CSRwire.com *Lucid analysis * John Lloyd, Financial Times *Corporate governance is manifestly in crisis: in this lucid and truly important book Colin Mayer explains why. Not only should you read this book, so should governments. * Paul Collier, author of 'The Bottom Billion' *An impassioned and important plea for a reorientation of values in the modern corporation, offered by one of the world's leading scholars of corporate finance, ownership, and control. * Henry Hansmann, Oscar M. Ruebhausen Professor of Law, Yale Law School *Companies and wealth generation, as Professor Colin Mayer argues in his important book, are about co-creation, sharing risk and long-term trust relationships. * Will Hutton, The Observer *One lesson of the financial crisis is that the corporation which is a purely financial entity is a financial failure. Colin Mayer makes an important contribution to the rethinking of the nature of modern capitalism. * John Kay, Chairman, Kay Review of Equity Markets and Long Term Decision Making *Modern theory on incentives, ownership and control of large publicly-traded corporations is broken. In Firm Commitment, Colin Mayer makes a huge and thoughtful contribution to fixing the broken theory. I heartily endorse his prescriptions - values, trustees and time-based shares - which are at the same time practical and break-through. Anyone interested in the future of democratic capitalism should read this book. * Roger Martin, Dean of the Rotman School of Management at University of Toronto *Original and provocative, Colin Mayer's ideas on reforming the corporation deserve very serious attention. * John Roberts, Stanford Graduate School of Business and author of 'The Modern Firm' *Table of ContentsPART I: HOW THE CORPORATION IS FAILING US; PART II: WHY IT IS HAPPENING; PART III: WHAT WE SHOULD DO ABOUT IT; APPENDIX: REFERENCES AND FURTHER READINGS
£11.69
Bloomsbury Publishing PLC A Course in Behavioral Economics
Book SynopsisThis textbook looks at decisions how we make them, and what makes them good or bad. In this bestselling introduction, Erik Angner clearly lays out the theory of behavioral economics and explains the intuitions behind it. The book offers a rich tapestry of examples, exercises, and problems drawn from fields such as economics, management, marketing, political science, and public policy. It shows how to apply the principles of behavioral economics to improve your life and work and to make the world a better place to boot. No advanced mathematics is required. This is an ideal textbook for students coming to behavioral economics from various fields. It can be used on its own in introductory courses, or in combination with other texts at advanced undergraduate and postgraduate levels. It is equally suitable for general readers who have been captivated by popular-science books on behavioral economics and want to know more about this intriguing subject. New to this Edition:- An updated cTrade ReviewThis is an exceptionally clear guide to the alternative ways economists can approach decision-making and choice. It presents a thorough introduction to both standard and behavioural theories of decision-making, equipping readers to understand the issues raised by ‘nudge' policies as opposed to their more conventional alternatives. * Diane Coyle, University of Cambridge, UK *Erik Angner has written a wonderful introductory overview of behavioral economics. This book has a unique balance between accessibility and precision, which enhances a good understanding of the key concepts in behavioral economics. It has a concise style with many examples and exercises, and thereby is a great book for teachers and students. * Kirsten Rohde, Erasmus University Rotterdam, The Netherlands *This text combines a succinct yet rigorous outline of standard choice theory with a lively and engaging discussion of many key findings and concepts of behavioral economics. I especially welcome its discussion of how these insights may be used (and abused) in government and business alike. * Stephen L. Cheung, University of Sydney, Australia *Table of Contents1 Introduction PART I CHOICE UNDER CERTAINTY 2 Rational Choice Under Certainty 3 Decision-making Under Certainty PART II JUDGMENT UNDER RISK AND UNCERTAINTY 4 Probability Judgment 5 Judgment Under Risk and Uncertainty PART III CHOICE UNDER RISK AND UNCERTAINTY 6 Rational Choice Under Risk and Uncertainty 7 Decision-Making under Risk and Uncertainty PART IV INTERTEMPORAL CHOICE 8 The Discounted Utility Model 9 Intertemporal Choice PART V STRATEGIC INTERACTION 10 Analytical Game Theory 11 Behavioral Game Theory PART VI CONCLUDING REMARKS 12 Behavioral Policy 13 General Discussion.
£43.69
Pearson Education Great Economists The
Book SynopsisPhil Thornton is lead consultant at Clarity Economics, a consultancy and freelance writing service he set up after a 15-year career as a newspaper journalist. Before founding Clarity Economics he was Economics Correspondent at the Independent newspaper, a post he held for eight years. Phil is an award winning journalist, with a strong platform. His awards include Feature Journalist of the Year award in the Work World Media Awards, 2010 and Print Journalist of the Year Work World Media Awards, 2007Table of ContentsAbout the Author Acknowledgements Introduction Chapter 1 – Adam Smith – the ‘founding father’ of economics Chapter 2 – David Ricardo – from immigrant to gentleman Chapter 3 – Karl Marx – the fallen hero? Chapter 4 – Alfred Marshall – microeconomics arrives Chapter 5 – John Maynard Keynes – the rise, fall, rise … and fall Chapter 6 – Friedrich Hayek – the archetypal libertarian Chapter 7 – Milton Friedman – father of monetarism Chapter 8 – Paul Samuelson – the neoclassical economist synthesist Chapter 9 – Gary Becker – economics in the real world Chapter 10 - Daniel Kahneman – economic psychologist
£16.14
OUP USA The Great Wave
Book SynopsisRecords of prices span the entire range of history, from medieval grain prices to modern statistics. Going beyond the economic data, this text gives a history of the people of the Western world: the economic patterns they lived in, and the politics, culture and society they created as a result.Trade Reviewa work of phenomenal scope and erudition ... Fischer's history of inflation is a thoroughly good read ... He should send the Treasury a copy. * Mark Archer, The Sunday Telegraph *a provocative and thoughtful journey through history * The Economist *
£23.37
Penguin Books Ltd When to Rob a Bank
Book SynopsisThis is the ultimate guide to the world of the Freak. Renegade thinkers and bestselling sensations Levitt and Dubner have carefully curated the very best of their blogs, conversations, wisecracks and advice from the last decade to reveal the outlandish truth about everything from lying to bankrobbing, fast food to sex taxes.''We are all Freakonomists now'' Washington Post''A phenomenon ... their approach has won them a cult following'' Observer''Lie back and let Levitt and Dubner''s bouncy prose style carry you along from one peculiarity to the next'' Sunday Telegraph''You are guaranteed a good time'' Financial Times
£10.44
Oxford University Press Our Common Future
Book SynopsisMost of today''s decision makers will be dead before the planet suffers the full consequences of acid rain, global warning, ozone depletion, widespread desertification, and species loss. Most of today''s young voters, however, will be alive.In this, perhaps the most important document of the decade on the future of the world, the urgency of changing certain policy decisions, some of which threaten the very survival of the human race, is made abundantly clear.The World Commission on Environment and Development, headed by Gro Harlem Brundtland, Prime Minister of Norway, was set up as an independent body in 1983 by the United Nations. Its brief was to re-examine the critical environment, to develop proposals to solve them, and to ensure that human progress will be sustained through development without bankrupting the resources of future generations.In Our Common Future, the Commission serves notice that the time has come for a marriage of economy and ecology, so that governments and theirTrade Review`a remarkably comprehensive guide to environmental concerns around the world. The book is a compact educator.' Garbage`The ... volume is one of thorough analysis and passionate argument...it contains much lively challenge.' Reconciliation Quarterly`a bold and important document. What is more, unlike so many prestigious predecessors of this genre, it is highly readable ...Our Common Future should underpin all the current deliberations on the state of the world economy.' Jonathon Porritt, The Diplomat'The volume is one of thorough analysis and passionate argument ... it contains much lively challenge ... essentially a specialist study which usefully avoids the exaggerations of ideology which have often bedevilled the whole debate on aid.''Essential reading for courses on development.' P.J. O'Brien, University of Glasgow'The most important document of the decade on the future of the world.' The Advertiser, Australia
£17.09
Taylor & Francis Ltd Freedom and Adaptive Preferences
Book SynopsisTraditional welfare economics works with the assumption of the fully rational economic agent (homo economicus) whose preferences are fixed: that is, they are not influenced by their economic environment. To the contrary, this book presents a theory of welfare economics that maintains the principles of normative individualism while allowing for adaptive or changeable preferences.Why do economists talk of preferences? In this book, Carl Christian von Weizsäcker shows that the concept is intimately related to freedom of action. The concept of preferences is the mode by which normative economics introduces the idea of freedom or liberty into its theory of human interaction. Moreover, the economic research of recent decades has provided a large amount of experimental and other empirical findings e.g. the work on bounded rationality which contradicts the assumption of fixed preferences. This book argues that this large body of findings is consistent with the hypothesis of adaptiv
£38.99
Shepheard-Walwyn (Publishers) Ltd Boom Bust House Prices Banking and the Depression
Book SynopsisBased on a study of property markets over the last 200 years, Harrison warns of the danger to banks, business and jobs of ignoring a remarkably regular 18-year cycle. He accuses Gordon Brown of giving people a false sense of security by his repeated claim, last made in his 2007 Budget speech, that 'we will never return to the old boom and bust'
£17.05
Princeton University Press Structural Econometric Modeling in Industrial
Book Synopsis
£35.70
Cengage Learning, Inc Microeconomic Theory
Book SynopsisNow you can truly understand and apply the latest economic models as you work directly with theoretical tools, real-world applications, and the popular new behavioral economics in this reader-friendly, market-leading book. MICROECONOMIC THEORY: BASIC PRINCIPLES AND EXTENSIONS, 12E takes a calculus-based approach to provide the ideal level of mathematical rigor, whether you are an upper-level undergraduate or beginning graduate student. Insightful graphic presentations help you visually grasp the connections between the calculus and the algebraic and geometric approach to the same material. End-of-chapter problems present simple numerical/mathematical exercises, which strengthen your microeconomic intuition and are followed by more analytical, theoretical, behavioral, and complex problems. Unlike other more theoretical texts, MICROECONOMIC THEORY, 12E closely connects all theory to real applications in the world today.Table of ContentsPart I: INTRODUCTION. 1. Economic Models. 2. Mathematics for Microeconomics. Part II: CHOICE AND DEMAND. 3. Preferences and Utility. 4. Utility Maximization and Choice. 5. Income and Substitution Effects. 6. Demand Relationships among Goods. Part III: UNCERTAINTY AND STRATEGY. 7. Uncertainty. 8. Game Theory. Part IV: PRODUCTION AND SUPPLY. 9. Production Functions. 10. Cost Functions. 11. Profit Maximization. Part V: COMPETITIVE MARKETS. 12. The Partial Equilibrium Competitive Model. 13. General Equilibrium and Welfare. Part VI: MARKET POWER. 14. Monopoly. 15. Imperfect Competition. Part VII: PRICING IN INPUT MARKETS. 16. Labor Markets. 17. Capital and Time. Part VIII: MARKET FAILURE. 18. Asymmetric Information. 19. Externalities and Public Goods.
£74.09
Bloomsbury Academic The Microeconomics AntiTextbook
Book SynopsisRod Hill is a Professor of Economics in the Faculty of Business at the University of New Brunswick's Saint John campus, Canada. Tony Myatt is a Professor of Economics in the Department of Economics at the University of New Brunswick's Fredericton campus, Canada.
£22.79
WW Norton & Co Reinventing the Bazaar
Book SynopsisClear, insightful, and nondogmatic, this book gives us a new appreciation for one of our most ubiquitous institutions.Trade Review"There could be no better guide to the modern view of markets than John McMillan's book." -- Joseph E. Stiglitz, Nobel prize winner in economics
£13.29
Barcharts, Inc Microeconomics
Book Synopsis
£8.98
Oxford University Press Microeconomics
Book SynopsisThe authors bring into the classroom the ideas that today's researchers and policy-makers use - including behavioral economics, game theory, and incomplete contracts. Modern microeconomics is applied to pressing issues that students care about - inequality, climate change, and innovation - and illustrated with empirical case studies.Trade ReviewI envy the students who will have the opportunity to take a microeconomics course based on this brilliant textbook. Not only will they find it fascinating. It will change their lives, in every way, for the better. * George Akerlof, Georgetown University, Nobel Laureate in Economics *In a thick wall of textbooks about rational agents trading in perfect markets, Bowles and Halliday open up a window through which students can see economists at work as they seek answers to market failures, behavioral biases and all the obstacles that must be overcome to build a society that is fair and efficient. This book can change how economics is understood by students who will go on to help us find the answers. * Oriana Bandiera, Sir Anthony Atkinson Professor of Economics, LSE, Winner of the Yrjö Jahnsson Award *This text will make for an exciting course - and one especially relevant to contemporary problems like inequality and climate change. Normally, students don't see recent economic ideas until they reach the end of the book. Here such ideas are introduced starting in the first chapter. * Eric Maskin, Harvard University, Nobel Laureate in Economics *Bowles' and Halliday's textbook unusually puts at its core the key concepts of social sciences: the interactions (competition, conflict, and coordination) among individuals, groups, and firms. You will come away from this riveting reading understanding how economists deploy theory to help design impactful public policies, and why economics is essential to making this world a better place. * Jean Tirole, Toulouse School of Economics, Nobel Laureate in Economics *Ambitious and exciting! The authors propose a completely new problem-centred approach to teaching microeconomics which gives space to discussion of issues often ignored by undergraduate microeconomics textbooks. * Dr Marco Pelliccia, Associate Professor in Economics, Heriot-Watt University *The key strength of the content is the refreshing, big-picture way in which the concepts are presented, as well as the care in carrying out the real-world examples used to illustrate the arguments. * Dr Daniele Tavani, Associate Professor, Colorado State University *Table of ContentsPART I: People, Economy, and Society 1: Society: coordination problems and economic institutions 2: People: preferences, beliefs, and constraints 3: Doing the best you can: constrained optimization 4: Property, power, and exchange: mutual gains and conflicts 5: Coordination failures and institutional responses PART II: Markets for Goods and Services 6: Production: technology and specialization 7: Demand: Willingness to pay and prices 8: Supply: firms' costs, output, and profit 9: Competition, rent-seeking, and market equilibration PART III: Markets with Incomplete Contracting 10: Information: contracts, norms, and power 11: Work, wages, and unemployment 12: Interest, credit, and wealth constraints PART IV: Economic Systems and Policy 13: A risky and unequal world 14: Perfect competition and the invisible hand 15: Capitalism: innovation and inequality 16: Public policy and mechanism design
£53.19
Cambridge University Press From Decision Theory to Game Theory
Book Synopsis
£47.49
Pearson Education Economics for Business and Management
Book SynopsisAlan Griffiths is Reader in Economics at the Ashcroft International Business School, Anglia Ruskin University. Stuart Wall is Professor of Business and Economics Education at the Ashcroft International Business School, Anglia Ruskin University.Table of Contents Part I Micro Business Environment 1: Markets and resource allocation 2: Demand, revenue and consumer behaviour 3: Supply, production and cost 4: Business organisation, objectives and behaviour 5: Firm size, mergers and the ‘public interest’ 6: Market structures 7: Labour and other factor markets 8: Market failure, regulation and competition Part II Macro Business Environment 9: National income determination 10: Government policies: instruments and objectives 11: Political, legal, ecological and technological environment 12: Functions of management: domestic business environment 13: International business environment 14: Strategies in a globalised business environment Appendix 1 Indifference curves, budget lines and the 'law of demand' Appendix 2 Isoquants, isocosts and production References Answers to Stop and think and You try Index
£76.99
WW Norton & Co Workouts in Intermediate Microeconomics
Book SynopsisA supplemental book of problems and exercises keyed to the text. Workouts is a straightforward, proven solution for instructors who want to help students apply the tools of the course and for students who want extra practice developing these skills.
£34.19
Cambridge University Press The Economics of Art and Culture
Book SynopsisDesigned for courses covering the economics of the arts and arts management, this textbook introduces the economic tools and theories needed for collecting and analysing data in preparation for successful careers in the cultural or public sectors. The extensive use of real-world data makes the book an invaluable resource.Trade Review'In The Economics of Art and Culture, three distinguished cultural economists provide clear and detailed analyses of markets for both the fine and performing arts. Fully up to date, this new edition will be invaluable for anyone who wants to understand the economic basis of the arts, and how the arts are changing in response to new technologies.' David Galenson, University of Chicago'A lucid, basic introduction to the standard economics of the arts and an excellent primer for anyone interested in this special and increasingly important field of economics.' Arjo Klamer, Erasmus University'The new edition presents an interesting and well-researched update on the original. It provides a good mix of economic theory, as applied to cultural economics, while also incorporating the impact of newer developments in digital technologies on the supply and demand side, in the post-Covid world. The book provides a theoretically rigorous, up-to-date, and interesting starting point for students of cultural economics. While the use of seminal authors is maintained, the book incorporates the analysis of recent data sets and published articles to extend and update our understanding of the economics of arts and culture in the modern era. The examples used have also been broadened: while the focus is still on the US, data from Australia and European countries are also discussed. Highly recommended.' Jen Snowball, Rhodes University'A great textbook, made even better with the new coauthor. Ideal for any course in cultural economics, it will be appreciated by students as well as scholars looking for an updated treatment of theoretical and empirical issues in a field that is becoming ever more important within economics.' Federico Etro, University of Florence'It is the missing work we were waiting for. Innovative, stimulating, and scientific all at the same time, the text clarifies the complexity of the current art and culture market. A global, fluid, extraordinary work, aimed at an audience of experts but also at art and culture enthusiasts.' Alessandro Minello, Ca' Foscari University Venice'Certain books have the ability to clarify how a person thinks about something, even if they have long thought that their perspective was the right one. Heilbrun and Gray, now with Borowiecki, provide an update to this seminal book on how to think about arts and culture through the lens of economics. In this new edition of the book, the authors emphasize the consistency with which economic models can allow arts administrators, artists, students, and scholars to measure a field that is notoriously thought of as operating outside of logic, using contemporary examples such as the Covid-19 pandemic's effect on the cultural sector and the onslaught of the digitization of culture. The authors provide insights into the dynamics and organization of arts and culture by applying rationality to a field that is often defined by being irrational.' Joanna Woronkowicz, Indiana University'The new edition of a classic I had been waiting for, for years! It was definitively worth waiting! I strongly recommend the book to anybody teaching economics of arts and culture or just interested in the field! The book should also appeal to practitioners wishing to understand the economics of arts and culture. Its broad international coverage renders it useful in many settings.' Kim Oosterlinck, Université libre de Bruxelles'Karol Borowiecki is one of the most creative and rigorous cultural economists currently working in the field. This edition is an excellent update of a classic text and will serve students interested in the economics of art and culture for many years to come!' Kathryn Graddy, Brandeis University'The Economics of Art and Culture spans from classical cultural economics, such as the productivity lag, to contemporary issues such as streaming and dynamic pricing. It is well written in a non-technical style. I highly recommend it as a valuable asset for students and teachers, as well as art administrators and policy makers.' Trine Bille, Copenhagen Business School'Finally! This much anticipated update to Heilbrun and Gray's classic text is concise and well organized like its predecessor, but adds an international perspective. The authors' discussions of the importance of the arts to local economies - and to society more broadly - are particularly welcome innovations.' Julia F. Lowell, University of California, Santa Barbara'Since its original publication in 1993, the Heilbrun and Gray textbook The Economics of Art and Culture has become a mainstay in the literature of cultural economics. This third edition has been thoroughly revised and updated by Karol Borowiecki, a leading researcher and teacher in the field. The book will have wide appeal to academics, students, and cultural policy makers, as well as to a general audience interested to learn more about this increasingly important area of economic theory and analysis.' David Throsby, Macquarie University'One of the most accessible and insightful books on the economics of art and culture. This new edition covers a wide range of topics in concise and informative chapters. It serves as an indispensable guide to anyone seeking a better understanding of the complex yet fascinating relationship between art and economics.' Filip Vermeylen, Erasmus University'This book explains in a very clear way the application of economic principles and methods to 'high arts.' The authors provide an up-to-date analysis, rich in data and illustrative and expressive examples, with an accessible style. The book is recommended to students, arts professionals, policy makers, and others interested in the past and future trends of the arts within the economy.' Ilde Rizzo, University CataniaTable of ContentsContents; Part I. The Arts Sector in the Economy: Size, Growth, and Significance: 1. An Overview of the Arts Sector; 2. Growth of the Arts Sector; 3. Audiences for the Arts; Part II. The Microeconomics of Demand and Supply: 4. Consumer Demand: An Introduction; 5. Elasticities of Arts Demand and Their Policy Implications; 6. Production and Cost in the Performing Arts; 7. Firms and Markets in the Performing Arts; 8. Productivity Lag and the Financial Problem of the Arts; 9. Economics of Arts Management and Strategy; Part III. The Fine Arts and Museums: 10. The Market in Works of Art; 11. The Economics of Art Museums; Part IV. Public Policy and Support for the Arts: 12. Theory and Practice of Government Support for the Arts; 13. Private Support for the Arts; Part V. Art, Economy, and Society: 14. The Arts as a Profession: Education, Training, and Employment; 15. The Role of the Arts in a Local Economy; 16. The Mass Media, Digital Access, and the Cultivation of Taste; 17. Innovation, Diversity, and the Future of Art and Culture; Bibliography; Index.
£37.99
Liberty Fund Inc Business Cycles
Book Synopsis
£10.95
Cambridge University Press Microeconomics for Managers
Book SynopsisUpdated 4th edition, presenting microeconomics in a non-technical and easy to understand manner with its distinctive emphasis on 'the economic way of thinking' and its applicability to sharper managerial thinking and improved decision-making.
£55.09
Taylor & Francis Ltd Economics and Business Environment
Book SynopsisEconomics and Business Environment is targeted at students preparing for a career in a managerial position in business or public service.With its accessible style and convenient structure, this textbook offers an insight into:1 current economic developments that are important to (European) businesses and governments;2 the influence of the business environmenton company profit and turnover. Students are offered an insight into the economic risks faced by all companies.This fifth edition of Economics and Business Environment has been fully updated; including the measurements taken to reinforce supervision of the banking industry.Table of Contents1 Economics and the business environment 1.1 Economic activity and economics 1.2 Business environment 1.3 Absolute and relative data PART 1The company in the business sector 2 Markets 2.1 Market, product and the business sector 2.2 Demand 2.3 Supply 2.4 Market price 3 Competition 3.1 Intensity of competition and competitiveness 3.2 The structure of the market 3.3 Business conduct and business results (performance) 3.4 The product’s life cycle and industry structure 3.5 Porter’s diamond PART 2The macroeconomic environment of companies 4 Producing 4.1 Prosperity 4.2 Added value 4.3 Production factors 4.4 The structure of the European economy 5 Expenditure 5.1 Consumption 5.2 Investments 5.3 Government expenditure 5.4 Foreign expenditure 5.5 The circular flow of income 6 The business cycle and policy 6.1 The business cycle 6.2 Inflation 6.3 The government 6.4 Macroeconomic basis statistics 6.5 Industry and the business cycle PART 3The monetary environment of companies 7 Money 7.1 The functions of money 7.2 Money supply 7.3 Demand for money 7.4 Monetary policy 8 Money and capital markets 8.1 Functions and classification of the money and capital markets 8.2 The money market 8.3 The capital market 8.4 The interest rate structure 8.5 Interest rate risk PART 4The international environment of companies 9 International economic relations 9.1 International economic trends 9.2 The theory of comparative costs 9.3 Free trade and protectionism 9.4 The balance of payments 9.5 International cooperation 10 The foreign exchange market 10.1 Characteristics of the foreign exchange market 10.2 Spot exchange rate 10.3 Exchange rate systems 10.4 Exchange rate policy in the European Union 10.5 Forward exchange rate 10.6 Exchange rate risk 11 Country selection and country risk 11.1 Country selection 11.2 Country risk AppendixQuestionnaire for the analysis of a foreign market Answers to Test questionsCredits Index
£128.25
Routledge Social Finance and Health
Book Synopsis
£21.99
Taylor & Francis Economics
Book SynopsisEconomics affects our daily lives in crucial ways. We constantly hear about recessions and unemployment, inflation and cost-of-living crises, economic growth and inequality, climate change and carbon taxes, interest rates and house prices, and tariffs and trade wars. What does this all mean?Written in a highly engaging style, Economics: A Global Introduction cuts through the jargon to provide a comprehensive introduction to the basics of economics. This book includes applications of economic principles and insights from behavioural economics into contemporary issues such as global warming and the COVID-19 pandemic. This book is replete with real-world examples and anecdotes from politics, literature, film, and sports to help the reader grasp fundamental micro- and macroeconomic concepts. Student-friendly features include case studies, start-of-chapter learning objectives, discussion questions and answers, further reading suggestions, and mathematical appendices. This b
£52.24
Cambridge University Press Game Theory Basics
Book SynopsisGame theory is the science of interaction. This textbook, derived from courses taught by the author and developed over several years, is a comprehensive, straightforward introduction to the mathematics of non-cooperative games. It teaches what every game theorist should know: the important ideas and results on strategies, game trees, utility theory, imperfect information, and Nash equilibrium. The proofs of these results, in particular existence of an equilibrium via fixed points, and an elegant direct proof of the minimax theorem for zero-sum games, are presented in a self-contained, accessible way. This is complemented by chapters on combinatorial games like Go; and, it has introductions to algorithmic game theory, traffic games, and the geometry of two-player games. This detailed and lively text requires minimal mathematical background and includes many examples, exercises, and pictures. It is suitable for self-study or introductory courses in mathematics, computer science, or econoTrade Review'This looks like a fine introduction to game theory, inter alia emphasizing methods for computing equilibria, and mathematical aspects in general. Especially worthy of note is the chapter devoted to correlated equilibria, a topic of central importance not normally covered in introductory texts.' Robert Aumann, The Hebrew University of Jerusalem'This book is a delightful adventure into the mathematics of game theory. Without any heavy apparatus, it lets us into the secrets of a whole range of exciting results that are usually thought too advanced for the common herd. It is not only undergraduate students who will benefit from reading this book. Professional game theorists will find it very useful too.' Ken Binmore, University College London'Bernhard von Stengel's book will enable students to become intimately familiar with game theoretic reasoning, which is mathematical by nature. The text comes at the right time: Game theory has become so popular in economics and political science that teachers could be tempted to put the cart before the horse. Here, the basic noncooperative game models are studied gradually and thoroughly, in a unified way, while providing the algorithms that can be used to solve interactive decision problems.' Françoise Forges, Université Paris-Dauphine'This is a rather reader-friendly, engaging, and polished superior creation. It illustrates, explains, motivates every definition, theorem, proof. Interesting and unique choice of topics, such as a delightful introductory chapter on combinatorial games. Highly recommended.' Aviezri Fraenkel, Weizmann Institute of Science, Israel'A masterful presentation of mathematical game theory in all its beauty and elegance, from basic notions to advanced techniques. It fills the gaps left by the many textbooks that cover concepts and applications, but devote only the bare minimum to the mathematical tools and insights, without which game theory would not have become the success it is today.' Sergiu Hart, The Hebrew University of Jerusalem'Game Theory is the child of mathematicians, as this textbook demonstrates through self-contained, elegant proofs of all seminal Theorems. The lively and rigorous exposition of carefully selected models, such as bargaining, combinatorial and congestion games (the latter two rarely the stuff of textbooks) explains its success far beyond mathematics. To reach deep results on both sides of the theory, Bernhard von Stengel's marvellous learning tool uses uncompromising, yet accessible mathematics and chooses examples to maximal effect.' Hervé Moulin, University of Glasgow'This will become a classic textbook on non-cooperative game theory. It is very useful for mathematicians, computer scientists, and economic theorists. Each chapter has a clear learning structure, with motivating examples and a central main theorem. The author's long teaching experience and expertise in game theory is apparent on every page.' Abraham Neyman, The Hebrew University of Jerusalem'Attractively covers of a lot of important material, in particular for students of mathematics and computer science.' Eva Tardos, Cornell University'This book is a gem. The presentation is clear and well structured, often with nice geometric illustrations. It moves step by step from basics to powerful concepts, methods and results. It is ideal for students of mathematics, computer science and economics who are curious about what game theory is and how it can be used.' Jörgen Weibull, Stockholm School of Economics'This excellent text develops with clarity and precision the basic concepts and mathematical tools of game theory, enhanced by well-motivated examples, exercises, and practical applications.' Robert Wilson, Stanford University'An exceptionally lucid introduction to the fundamentals of game theory, enlivened by examples that are sure to captivate students.' Peyton Young, University of Oxford'This is a rigorous, yet accessible introduction to mathematical non-cooperative game theory. In addition to the coverage of the basic concepts and results, it includes special and advanced topics and applications usually not contained in game theory textbooks, such as combinatorial games, congestion games and inspection games. The special emphasis on algorithmic and computational techniques make this textbook, just like its author, a valuable bridge between game theory and computer sciences.' Shmuel Zamir, The Hebrew University of JerusalemTable of Contents1. Nim and Combinatorial Games; 2. Congestion Games; 3. Games in Strategic Form; 4. Game Trees with Perfect Information; 5. Expected Utility; 6. Mixed Equilibrium; 7. Brouwer's Fixed-Point Theorem; 8. Zero-Sum Games; 9. Geometry of Equilibria in Bimatrix Games; 10. Game Trees with Imperfect Information; 11. Bargaining; 12. Correlated Equilibrium.
£35.14
John Wiley & Sons Inc The Long Good Buy
Book SynopsisTable of ContentsAcknowledgements xiii About the Author xvii Preface xix Introduction 1 Part I: Lessons from the Past: What Cycles Look Like and What Drives Them 9 Chapter 1: Riding the Cycle under Very Different Conditions 11 Chapter 2: Returns over the Long Run 29 Returns over Different Holding Periods 31 The Reward for Risk and the Equity Risk Premium 35 The Power of Dividends 38 Factors That Affect Returns for Investors 41 Market Timing 41 Valuations and Returns of Equities versus Bonds 43 The Impact of Diversification on the Cycle 45 Chapter 3: The Equities Cycle: Identifying the Phases 49 The Four Phases of the Equity Cycle 50 Mini/High-Frequency Cycles within the Investment Cycle 58 The Interplay between the Cycle and Bond Yields 61 Chapter 4: Asset Returns through the Cycle 63 Assets across the Economic Cycle 63 Assets across the Investment Cycle 66 The Impact of Changes in Bond Yields on Equities 68 The Point of the Cycle: Earlier is Better 72 The Speed of Adjustment: Slower is Better 74 The Level of Yields: Lower is Better 74 Structural Shifts in the Value of Equities and Bonds 76 Chapter 5: Investment Styles over the Cycle 81 Sectors and the Cycle 83 Cyclical versus Defensive Companies 85 Value versus Growth Companies 90 Value, Growth and Duration 92 Part II: The Nature and Causes of Bull and Bear Markets: What Triggers Them and What to Look Out For 97 Chapter 6: Bear Necessities: The Nature and Shape of Bear Markets 99 Bear Markets Are Not All the Same 100 Cyclical Bear Markets 106 Event-Driven Bear Markets 107 Structural Bear Markets 109 Interest Rate Cuts Have Less Impact on Structural Bear Markets 111 Price Shocks: Deflation is a Common Characteristic 113 Belief in a New Era/New Valuations 113 High Levels of Debt 114 Equity Market Leadership Becoming Narrow 114 High Volatility 115 The Relationship between Bear Markets and Corporate Profits 115 A Summary of Bear Market Characteristics 117 Defining the Financial Crisis: A Structural Bear Market with a Difference 118 Finding an Indicator to Flag Bear Market Risk 119 Typical Conditions Prior to Bear Markets 121 A Framework for Anticipating Bear Markets 124 Chapter 7: Bull’s Eye: The Nature and Shape of Bull Markets 127 The ‘Super Cycle’ Secular Bull Market 127 1945–1968: Post-War Boom 129 1982–2000: The Start of Disinflation 131 2009 Onwards: The Start of QE and the ‘Great Moderation’ 133 Cyclical Bull Markets 134 Variations in the Length of Bull Markets 136 Non-trending Bull Markets 138 Chapter 8: Blowing Bubbles: Signs of Excess 143 Spectacular Price Appreciation . . . and Collapse 146 Belief in a ‘New Era’ . . . This Time is Different 150 Deregulation and Financial Innovation 157 Easy Credit 160 New Valuation Approaches 161 Accounting Problems and Scandals 163 Part III: Lessons for the Future: A Focus on the Post-Financial Crisis Era; What has Changed and What It Means for Investors 167 Chapter 9: How the Cycle Has Changed Post the Financial Crisis 169 Three Waves of the Financial Crisis 171 The Unusual Gap between Financial Markets and Economies 174 All Boats Were Lifted by the Liquidity Wave 178 The Unusual Drivers of the Return 179 Lower Inflation and Interest Rates 180 A Downtrend in Global Growth Expectations 182 The Fall in Unemployment and Rise in Employment 183 The Rise in Profit Margins 185 Falling Volatility of Macro Variables 187 The Rising Influence of Technology 189 The Extraordinary Gap between Growth and Value 190 Lessons from Japan 196 Chapter 10: Below Zero: The Impact of Ultra-Low Bond Yields 201 Zero Rates and Equity Valuations 206 Zero Rates and Growth Expectations 208 Zero Rates: Backing Out Future Growth 210 Zero Rates and Demographics 215 Zero Rates and the Demand for Risk Assets 217 Chapter 11: The Impact of Technology on the Cycle 221 The Ascent of Technology and Historical Parallels 222 The Printing Press and the First Great Data Revolution 223 The Railway Revolution and Connected Infrastructure 224 Electricity and Oil Fuelled the 20th Century 226 Technology: Disruption and Adaption 226 Technology and Growth in the Cycle 227 How Long Can Stocks and Sectors Dominate? 231 How High Do Valuations Go? 233 How Big Can Companies Get Relative to the Market? 235 Technology and the Widening Gaps between Winners and Losers 238 Summary and Conclusions 241 References 249 Suggested Reading 259 Index 265
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