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Business owners often learn how to run a successful company the hard way -- through trial and error. You don't have to rely on this haphazard approach to entrepreneurship. As a home builder, you can have the wisdom and experience of NAHB members who have weathered the ups and downs of the housing cycle behind you and avoid reinventing the wheel. Survive and Thrive in Building: Fundamentals of Business Management covers basic but essential knowledge for running a successful company, whether you're a veteran builder or new to residential construction. You'll learn how to: Find a sustainable market niche; Get financing for your projects; Market your homes; Achieve an optimal balance between sales volume and profit margin; Understand financial reports; Organise and insure your company to minimise risk; Find and keep the best employees and trade contractors. This comprehensive resource will help you to become informed about the details of marketing, estimating, contracts, purchasing, and accounting, which are as important to the potential success of your business as knowing your construction guidelines. You will also understand the knowledge, skills, and strategies you can apply to foster lasting success in the home building industry. Survive and Thrive in Building includes a list of resources, illustrations, and a glossary.
This is a history-though, intentionally, a brief history-of the rise of law and economics as a field of thought in the U.S. college and law school academy, though the field has expanded to Europe and South America and will expand further as other legal systems develop. This book explains the origins of the field and the sources of its growth during its formative period. It describes the intellectual roots of the field, and the field's relationship to the understanding of the role of the legal system in directing the functioning of the economy. It describes the effect of the Great Depression and the expansion of governmental power on advancing the functional approach. The book then addresses the work of Aaron Director, during the late 1950s, on focusing economic analysis as a means of understanding the effects of the legal and regulatory system on the allocation of resources in the society. Then it turns to the subsequent intellectual founders of the field-Ronald Coase, Guido Calabresi, and Richard Posner-and attempts to explain the significance of their work. It also discusses the efforts of Robert Bork and Henry Manne toward the influence of law and economics on public policy. The book ends with the founding of the American Law and Economics Association in 1991. This is an essential companion to law and economics texts for undergraduate law and economic students and, especially, a general supplement to first-year casebooks for law school students.
In many countries all over the world, governments are privatising firms that were previously under public control. This is happening, for example, in public utility sectors such as gas, water and electricity, in transport sectors (such as rail and metro) and in radio and telephony. This book provides an overview of the economic issues that are involved in this transfer of ownership of public assets. Combining a theoretical framework with a set of case studies of recent sales of state-owned assets from Europe and the USA, it asks which sort of allocation mechanism can a government adopt? Which is most suited to a particular sale? And how will the choice of allocation mechanism affect future market outcomes? With contributions from international experts, this book offers an accessible introduction to auction theory and an invaluable, non-technical analysis of existing knowledge. It will be of interest to students, non-specialists and policy-makers alike.
Ever wonder why colleges use GPAs, ACTs, and SATs for purposes of admission, or how supply and demand play out on a freeway, or what price has to do with being late to class, or how you might end up paying for good weather? ECONOMICS, 13E answers these questions and many more as this book opens up the world of economic analysis. This edition offers more detailed coverage of how economists build theories to explain everyday life than any other principles of economics text on the market. Memorable examples from pop culture illustrate the unexpected places economics occur and show you how economic forces link to every day events. This edition offers complete video assets to assist you in learning economics. There are short video lectures to assist you with key economic concepts and theories. In addition, Video Office Hours (longer video lectures) is a digital video asset that answers questions that students often have for their instructors during office hours. There are also videos assets - such as What's Wrong with this Diagram? "Working with Diagrams" and "Progression Graphs" that assist you in learning and working with all the diagrams that are in an economics principles course. A new Adaptive Test Prep available on MindTap Enables you to assess your personal economic understanding. Powerful digital resources, including Aplia and MindTap, work with the book's latest content to reflect today's changing economy and equip you with a thorough understanding of contemporary microeconomics.
Worldwide, postal operators have been slow to address the threats from and opportunities created by electronic competition. The European Commission and member states are wrestling with these issues, while at the same time continuing to deal with the interrelated issues of implementing entry into postal markets and maintaining the universal service obligation. The Postal Accountability and Enhancement Act of 2006 in the U.S. exacerbated financial and managerial problems faced by USPS that result in part from electronic substitution for letter delivery. A major aim of this book is to examine policies to address postal operations in a digital world and ways in which postal operators might reinvent themselves to respond to threats and exploit opportunities. Potential opportunities examined include parcels, e-commerce, digital delivery, regulatory innovations and pricing. This book will be of interest to postal operators, regulatory commissions, consulting firms, competitors and customers, experts in the postal economics, law, and business, and those charged with the responsibility for designing and implementing postal sector policies. Researchers in regulatory economics, transportation technology and industrial organization will also find considerable food for thought in this volume.
Internationally, donors are increasing their emphasis on poverty-focused policies and on the notion of pro-poor growth. Attempts to reformulate policies and reshape practices so that they rework the balance between a focus on poverty and a focus on growth bring small and micro enterprises on to the center stage of development debates. Yet these enterprises are seen, variously, as engines of growth, as refuges for the poor, and as signs of economic failure.This book is concerned to revisit key elements of the debate about small and micro enterprises through the lens of the current poverty-growth debate and in the specific context of Africa. Leading practitioners, academics and policymakers examine the evidence from across a range of disciplines to ask a series of crucial questions: - Is the macroeconomic climate a brake on small enterprise development?- Are small enterprises, and policies and programs to support them, succeeding?- Does education make a difference to enterprise performance?
The search for symmetry is part of the fundamental scientific paradigm in mathematics and physics. Can this be valid also for economics? This book represents an attempt to explore this possibility. The behavior of price-taking producers, monopolists, monopsonists, sectoral market equilibria, behavior under risk and uncertainty, and two-person zero- and non-zero-sum games are analyzed and discussed under the unifying structure called the linear complementarity problem. Furthermore, the equilibrium problem allows for the relaxation of often-stated but unnecessary assumptions. This unifying approach offers the advantage of a better understanding of the structure of economic models. It also introduces the simplest and most elegant algorithm for solving a wide class of problems.
Economics has often been described as "the dismal science," with TV and movies reinforcing this description. However, economics is a powerful tool that can be used to understand how the world works, helping to answer confusing puzzles and solve the world's problems. Surprisingly, Broadway musicals are an excellent way to show this. Musicals tell engaging stories through song and many are rich with economic concepts. This book analyzes 161 songs from 90 musicals to explore what they can teach us about supply and demand, monetary policy and numerous other core economic concepts. While some songs have an obvious connection to economics, other connections may seem less apparent. When you hear "Let it Go" from Frozen, does your mind think about a firm's production decisions? After reading this book, it will. Whether showing how Hamilton can illustrate concepts of central banking, or how "Stars" from Les Miserables provides a perfect example of inelastic demand, the author presents complicated topics in an understandable and entertaining way. Featuring classic songs from some of the most popular shows ever produced, along with some hidden gems, Broadway and Economics will be of interest to anybody studying an introductory economics course as well as theatre aficionados.
This invaluable book provides the foundations for a new theory of the firm, drawing on Birger Wernerfelt's landmark work on economic theory and the resource-based view of the firm. It addresses a vigorous and long-standing academic debate over what exactly a 'firm' is, both in the field of management and economics. Wernerfelt revisits his classic articles, including an extensively revised 'A Resource-Based View of the Firm' (1984), which have been updated and synthesized to provide precise and accessible concepts and predictions. By offering future directions for research and practice, this book will be of interest to students and scholars of management and economics alike.
The most reader-friendly economics approach available, MICROECONOMICS FOR TODAY, 10E by national award-winning educator Irvin Tucker presents Macro and Micro economic concepts using a writing style that is both engaging and clear, no matter what your current level of economic understanding. A unique presentation and visual learning system, colorful graphs, and Causation Chains clarify and illustrate important economic principles. The book concisely presents and reinforces core concepts, while online resources immediately facilitate assessment of understanding, and will study the latest information on economic growth, income distribution, federal deficits, environmental issues, and other developments in economics today. The book's easy-to-follow format demonstrates how to apply principles to your everyday life, while numerous printed and digital study tools help you further master key current economic principles.
For decades, the economic theory of the firm referred to as agency theory has dominated business research and education in the United States. Although agency theory has been influential in accounting, finance, and managerial economics, it lacks informal and nonfinancial controls. Douglas E. Stevens resolves to enhance this theory through the incorporation of social norms. Drawing on historical context related to the firm, the theory of the firm, and social norm theory related to the firm, he demonstrates the importance of social norms in the formation and development of free-market capitalism and the firm. He also describes the latest theoretical, experimental, and archival evidence to exhibit the growing body of research that incorporates social norms into the theory of the firm. These foundations enable Stevens to create a comprehensive roadmap of agency theory that will have strong implications for practice and public policy.
Are you ready to make your business work for you? The path to a thriving business starts with a map that puts you in control. If you don't plot your course to success, you'll just end up spinning your wheels. The Paper Trail: Systems and Forms for a Well-Run Remodeling Company, Second Edition, explains the difference between busyness and business success. It's your map to creating a profitable business that will help you fulfill your dreams! These 160 customisable letters, checklists, forms, contracts, spreadsheets, budgets, and other tools will help you; establish goals and monitor progress; market your company; sell more profitable jobs; communicate with clients; protect your business assets; manage construction efficiently. Save time and earn more by applying the lessons you will learn in The Paper Trail.
Managerial Economics and Organizational Architecture, 6e helps the student to gain an understanding of the basic tools of economics used to solve important business problems. It also provides an in-depth analysis of the firm and corporate governance topics. The Sixth Edition continues with a focus on decision-making and managerial applications within the structure of an organization. Managerial Economics and Organizational Architecture is thoroughly integrated with the adaptive digital tools available in McGraw-Hill's LearnSmart Advantage Suite, proven to increase student engagement and success in the course.Connect is the only integrated learning system that empowers students by continuously adapting to deliver precisely what they need, when they need it, and how they need it, so that your class time is more engaging and effective.
Das Buch bietet eine in dieser Form einzigartige und grundliche Einfuhrung in die Mikrooekonomik. Die Ausgangsfrage lautet, warum und wie Menschen oekonomische Aktivitaten organisieren. Ausgehend hiervon wird dann eine institutionenoekonomische Perspektive entwickelt, mit deren Hilfe die Moeglichkeiten und Grenzen unterschiedlicher Typen von Markten (Vollstandige Konkurrenz und Externe Effekte, Monopol, Oligopol) zur Verringerung von Knappheit und zur Erreichung anderer Ziele untersucht werden. Das Buch umfasst traditionelle Modelle des Rationalverhaltens, integriert daruber hinaus aber auch Erkenntnisse der Verhaltensoekonomik und der Psychologie auf systematische Weise. Der Ansatz des Buchs ist durch zwei Besonderheiten gekennzeichnet. Erstens entwickelt es einen integrativen Ansatz, welches die zentralen Ergebnisse der oekonomischen Forschung in einen groesseren Erkenntniszusammenhang einbettet. Dabei werden Folgerungen fur die Gestaltung des Rechtssystems ebenso wie fur die Entwicklung von Unternehmensstrategien systematisch entwickelt, und die Theorien werden einer kritischen philosophischen Reflexion unterzogen und mit Vorstellungen anderer Sozialwissenschaften verglichen. Zweitens legt das Buch einen Schwerpunkt auf kurze sowie umfassende Fallstudien, die ein Verstandnis der Bedeutung der Theorien fur unser Verstandnis der Praxis erleichtern.
This book illustrates essential microeconomic concepts and theories through the examination of related policy formulation in Australia since the 1980s. It provides a fresh approach to the subject of microeconomics from the perspective of both market and government failures. By looking at how Australia has transformed over the course of time, the book traces and tracks these changes and relates them to the broader microeconomic reforms. It also looks at the structure of Australian economic public policy formulation and process. The book uses standard microeconomic techniques to analyse the impact of these Australian policies and examines the role of government in the implementation of these policies, making it a very useful teaching vehicle for learning about microeconomics and microeconomic policies.
A political economy analysis of the history of food security in the Arab world, including the role played by the global food price crisis in the Arab Spring and the Arab response aiming at greater food sovereignty via domestic food production and land acquisition overseas - the so-called land grab.
This comprehensive and up-to-date book explains the economic rationale behind the production, delivery and exchange of electricity. Creti and Fontini explain why electricity markets exist, outlining the economic principles behind the exchange and supply of power to consumers and firms. They identify the specificities of electricity, as compared to other goods, and furthermore suggest how markets should be optimally designed to produce and deliver electricity effectively and efficiently. The authors also address key issues, including how electricity can be decarbonized. Written in a technical yet accessible style, this book will appeal to readers studying power system economics and the economics of electricity, as well as those more generally interested in energy economics, including engineering and management students looking to gain an understanding of electricity market analysis.
The extraordinary stories of low-income women living in Sao Paulo, industrial case studies and the details of three squatter settlements, and communities in the periphery researched in Simone Buechler's book, Labor in a Globalizing City, allow us to better understand the period of economic transformation in Sao Paulo from 1996 to 2003. Buechler's in-depth ethnographic research over a period of 17 years include interviews with a variety of social actors ranging from favela inhabitants to Wall Street bankers. Buechler examines the paradox of a globalizing city with highly developed financial, service, and industrial sectors, but at the same time a growing sector of microenterprises, degraded labor, considerable unemployment, unprecedented inequality, and precarious infrastructure in its low-income communities. The author argues that informalization and low-income women's labor are an integral part of the global economy. Other countries are continuing to use the same kind of neo-liberal economic model even though once again with the latest global financial crisis, it has proven to be detrimental to many workers.
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