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Your Macroeconomic Edge (Paperback)
Loot Price: R486
Discovery Miles 4 860
You Save: R79
(14%)
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Your Macroeconomic Edge (Paperback)
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List price R565
Loot Price R486
Discovery Miles 4 860
You Save R79 (14%)
Expected to ship within 10 - 15 working days
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Most "managerial economics" textbooks are thinly disguised
microeconomics texts: highly theoretical, too dependent on abstract
and unproven assumptions, and simply indigestible by busy,
practical-minded executives/readers. Furthermore, such texts leave
it up to the reader to apply their lessons so as to gain value from
the knowledge, and to reinforce that knowledge through practice.The
"theory of the firm" does not resonate with most corporate
executives. But in fact, economic forces drive the context for all
our important business decisions: When and how much to expand or
contract; which markets to enter and exit; when to raise or lower
prices; and how to invest surplus resources (retained earnings for
companies and savings for individuals).This book is an application
of economics (both micro and macroeconomics) to one of the central
challenges of our age for any citizen in a developed economy: How
to invest their resources in a changed economic landscape. It
contends that the quarter century from the early 1980s to the late
2000s was a unique historical period, creating an exceptionally
benign commercial and investing environment. It will not return
once the Great Recession is firmly behind us.
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