Foundations of Business Economics

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Common Language
competition
cost
curve
dead
Dead Weight Loss
demand
Economic Rent
eq_bestseller
eq_business-finance-law
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eq_isMigrated=2
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Equal Price
externalities regulation
factor pricing
Gold Cup
information asymmetry
interdependent market structures
Joint Profit Maximisation
marginal
Marginal Factor Cost
Marginal Net Revenue
Marginal Net Revenue Product
Marginal Physical Product
Marginal Receipts
Marginal Revenue
Marginal Revenue Product
market equilibrium analysis
microeconomic theory
Minimum Average Cost
OPEC Demand
product
pure
Pure Competition
revenue
Soft Ice Cream
Standard Industrial Classification
Truck Hours
Vice Versa
weight
welfare economics
Young Men
Zimbabwe
Zimbabwe Rhodesia

Product details

  • ISBN 9780415120746
  • Weight: 453g
  • Dimensions: 138 x 216mm
  • Publication Date: 11 May 1995
  • Publisher: Taylor & Francis Ltd
  • Publication City/Country: GB
  • Product Form: Paperback
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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.

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.

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