Economic Analysis for Property and Business
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.
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achieved aggregate demand aggregate supply Alternatively analysis annual returns average total cost become behaviour bricklayers building firms built environment Chapter competition construction firms construction industry consumer cost curve countries decline demand curve diseconomies of scale economy effect encourage examined example existing buildings factors firm’s ﬁrms fiscal policy growth higher house builders house prices impact important improve income increase inelastic inflation initial interest rates investor labour land large number lead level of demand level of output lower marginal private cost marginal propensity materials monetary policy monopoly Moreover negative externalities net present value normally opportunity cost overall perfect competition potential price elasticity problems production profit profit maximization property market public sector purchase quantity demanded reduce relatively rent retail rise sell short run suppliers supply curve techniques theory total costs total revenue urban area variable