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Economics for Business Dermot Mcaleese

Economics for Business By Dermot Mcaleese

Economics for Business by Dermot Mcaleese


$36.99
Condition - Very Good
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Summary

Focuses on three branches of modern economics: competition and the market system, macroeconomics, and the economics of openness and globalisation including the analysis of international trade, foreign investment and exchange rates.

Economics for Business Summary

Economics for Business: Competition, Macro-Stability and Globalisation by Dermot Mcaleese

The selective, thematic, policy oriented approach of Economics for Business, combined with its strong emphasis on market structures, monetary policy and interest rates, business fluctuations and globalisation, makes it especially suitable for MBA and other executive programmes, as well as for post-experience conversion courses. Economics for Business focuses on three essential branches of modern economics: competition and the market system; macroeconomics and the economics of openness and globalisation, including the analysis of international trade, foreign investment and exchange rates. The book has a very strong business focus and has been used in the UK on many MBA courses as well as short, often one semester post experience executive courses. It has also proved popular for undergraduate business economics courses. The book examines economics from a business perspective and is selective in its coverage, focusing on setting out the big picture and including topics on the basis that they throw light on issues relevant to business. It has a strong policy perspective. Economic issues are analysed in a policy context, which helps students see the relevance of economics to business decisions. The book adopts a modern approach to macroeconomics, as appropriate for business students, and pays special attention to globalisation, trade liberalisation, economic integration and exchange rates.

Table of Contents

Preface to the third edition Acknowledgements 1 The economic policy consensus 1 Introduction 1.1 The economic policy consensus 2 1.2 Why policy changed 1.3 Implications for the future 1.4 Criticisms of the new consensus 1.5 Will the consensus last? Summary Questions for discussion Exercises Further reading 2 What makes nations grow? Introduction 2.1 Trends in economic growth 2.2 Growth theories 2.3 Human welfare and sustainable growth 2.4 Policy prescriptions for growth 2.5 Conclusions Summary Questions for discussion Exercises Further reading Appendix 2.1: The economics of the new economy Part I The market system and competition 3 The market system in action Introduction 3.1 The market system 3.2 The role of prices 3.3 Movements in demand and supply 3.4 The role of traders and arbitrage 3.5 The efficiency of the market system 3.6 The free market system in social context 3.7 Conclusions Summary Questions for discussion Exercises Further reading 4 Market demand and the pricing decision Introduction 4.1 What is a 'rational' consumer? 4.2 Deriving the market demand curve 4.3 Elasticities of demand 4.4 Estimating the demand function 4.5 Price elasticities and the pricing decision 4.6 Conclusions Summary Questions for discussion Exercises Further reading 5 The firm in a competitive market Introduction 5.1 Profit maximisation 5.2 Rules for maximising profit 5.3 Cost structure of the firm 5.4 The transaction costs approach 5.5 From cost structure to supply curve 5.6 Conclusions Summary Questions for discussion Exercises Further reading 6 The economics of market power Introduction 6.1 Firm size 6.2 The economics of market power 6.3 How to sustain monopoly power 6.4 Market power with few firms - the case of oligopoly 6.5 Conclusions Summary Questions for discussion Exercises Further reading Case study 6.1: The diamond cartel 7 Competition policy, privatisation and regulation Introduction 7.1 The case for competition 7.2 Competition policy 7.3 Privatisation 7.4 Regulation 7.5 Conclusions Summary Questions for discussion Exercises Further reading 8 Government intervention and the market system Introduction 8.1 Income distribution and the equity-efficiency trade-off 8.2 Market failures 8.3 Government intervention 8.4 Government failure 8.5 Conclusions Summary Questions for discussion Exercises Further reading 9 Business and the environment Introduction 9.1 Economic growth and the environment 9.2 Environmental policies 9.3 Policy instruments: design and effect 9.4 Impact on business 9.5 Conclusions Summary Questions for discussion Exercises Further reading 10 Hiring labour and the investment decision Introduction 10.1 The hiring decision 10.2 The investment decision 10.3 Conclusions Summary Questions for discussion Exercises Further reading Part II The macroeconomic framework 11 Aggregate supply, aggregate demand and the price level Introduction 11.1 How is gross domestic product (GDP) calculated? 11.2 Potential GDP, actual GDP, and GDP at purchasing power parity (PPP) 11.3 The aggregate supply (AS) curve 11.4 Aggregate demand (AD) and money 11.5 Conclusions Summary Questions for discussion Exercises Further reading Appendix 11.1: The money supply process 12 Price stability and central banks Introduction 12.1 What is price stability? 12.2 Deviation from price stability 1: inflation 12.3 Deviation from price stability 2: deflation

Additional information

GOR002787788
9780273683988
0273683985
Economics for Business: Competition, Macro-Stability and Globalisation by Dermot Mcaleese
Used - Very Good
Paperback
Pearson Education Limited
20040325
648
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in very good condition, but if you are not entirely satisfied please get in touch with us

Customer Reviews - Economics for Business