BUSINESS ECONOMICS

Business Economics introduces the theory and practice of economics for non-specialist students new to the topic. This second edition of Business Economics is designed to provide a general introduction to the discipline of business economics, covering an important part of first-year studies and beyond. The new edition retains the successful structure of the previous edition but, like any good business economics text, includes new and updated case studies and examples to reflect present-day economic global realities. Suitable for introductory-level students who are seeking a comprehensive but accessible way into the subject, Business Economics is bolstered by a host of activities, review questions and further reading, making it the ideal choice for undergraduate students and lecturers.

Rob Dransfield helped to develop and is currently the moderator for the Financial Times Non-Executive Directors course and has authored a number of introductory and international economics books. He was previously Head of Business and Economics Education at Nottingham Trent University. He believes that the economic frameworks (institutions) that provide the scaffolding for economic, social, environmental and political decision-making will be most effective when they represent the wishes and intentions of individuals and communities. Better institutional arrangements produce better outcomes. For example, better governance arrangements involving more informed and empowered non-executive directors of companies (and not-for-profits) can enable organisations to make better decisions to the benefit of all stakeholders.