What determines the demand for products?
Why do some businesses succeed and others fail? How do managers establish
a pricing strategy?
In the world of business, the ability to understand economic issues is
crucial to making successful business decisions.
Written specifically for business students, this lively and engaging textbook
provides an ideal introduction to economics. The author adopts the viewpoint of a manager
and focuses on the relevance of economic concepts to business practice. While the content
is firmly based in economic theory, the text is packed full of thought-provoking and
contemporary examples to encourage the development of problem-solving skills and to enable
business students to readily engage with economics.
Business Economics is particularly well suited to one semester courses, and its concise
and accessible style makes it core reading for all business students taking their first
course in economics.
Andrew Gillespie is Head of Business Studies and Accounts,
d'Overbroeck's College, Oxford, and Visiting lecturer, Oxford Brookes University, Oxford.
He is the author of Foundations of Economics, Oxford University Press, 2007.
Table of Contents
1. Introduction
2. Business and the economy
3. Supply
4. Demand
5. Markets
6. Markets analysis
7. Market failure and imperfection
8. Costs and revenues
9. Market structure
10. Macroeconomics
11. Key macroeconomic issues
12. International business and trade
13. Current economic issues
450 pages, Paperback