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Showing 1 - 19 of
19 matches in All Departments
Accounting and Finance Formulas: A Simple Introduction includes
over 75 formulas in the field of accounting and finance, alongside
relevant definitions and explanations. The formulas cover the
fields of financial accounting, management accounting and financial
management.
Choice Theory: A Simple Introduction offers an accessible guide to
the central theories and methods of choice theory, with examples
and calculations, empirical evidence, and over 20 diagrams to
support the analysis. Examine expected value theory, with the two
envelopes problem and St. Petersburg paradox which challenge it.
Understand expected utility theory and learn how to create a
utility function, and assess the Ellsberg paradox, Allais paradox,
and preference reversal phenomenon. Look at risk neutral, risk
seeking and risk averse attitudes, explore original, cumulative and
third generation prospect theory, and the role of risk sensitivity
and loss aversion. Evaluate zero-sum games, minimax and maximin
strategies, and see how a mixed minimax strategy can overcome game
outcome cycles. Understand auction theory, with the revenue
equivalence theorem for English, Dutch, and sealed bid private
value auctions, and how bidders may avoid the winner's curse in
common value auctions. Examine voting theory, with voter
preferences, the median voter theorem, Condorcet winner, and
Condorcet voting cycles. See how voters or government can
manipulate the voting system.
Game Theory: A Simple Introduction offers an accessible and
enjoyable guide to the basic principles and extensive applications
of game theory. Understand a game matrix, prisoners' dilemma,
dominant and mixed strategies, zero-sum games, Pareto efficiency,
the Nash equilibrium, and see the power of asymmetric information.
Calculate payoffs and find outcomes in games involving characters
such as Jack and Jill, or Frodo and Gollum. Look at the effects of
altruism and hatred on games, and see how games can change over
time. Explore examples looking at gang members, free riders, global
governance, a long-term relationship, competing corporations,
advertisers and their customers, along with familiar hawk-dove and
chicken games. See game players use every trick in the book to get
what they want, with over 50 images to guide through the steps they
use to play the game.
Marketing Management Concepts and Tools: A Simple Introduction
presents the central ideas and methods of marketing management.
Discover the marketing basics, management goals, consumer-led
marketing, strategic planning, and segmentation, targeting and
positioning. Examine market dynamics and competitive strategy, the
creation of a brand, consumer behaviour, business to business
marketing, and market research. Look at market innovation,
services, internet marketing, communications and advertising,
distribution, pricing, and the future of marketing.
Mathematical Formulas for Economics and Business: A Simple
Introduction includes over 100 formulas in the field, alongside
relevant definitions and explanations. The formulas cover the areas
of supply and demand, market equilibrium, non-linear functions,
financial mathematics, differentiation, functions of several
variables, integration, and matrix algebra.
Econometrics: A Simple Introduction offers an accessible guide to
the principles and methods of econometrics, with data samples,
regressions, equations and diagrams to illustrate the analysis.
Examine a linear and multiple regression model, ordinary least
squares method, and the Gauss-Markov conditions for a best linear
unbiased estimator. Understand hypothesis testing, with a null
hypothesis, t, F or chi-square test statistics and distributions,
and interpret regression results. Dummy variables model qualitative
data and Chow tests assess regression equivalence. Explore
heteroscedasticity with the White method and with generalized least
squares, Goldfeld-Quandt, Breusch-Pagan, and White tests. Assess
autocorrelation with Durbin-Watson, Durbin h, and Breusch-Godfrey
tests, lagged variables and auxiliary regressions. Assess the
impact of omitted variables, incorrect variables or functional
form, and a non-normal distribution with Ramsey RESET and
Jarque-Bera tests. Model random variables with the Method of
Moments' estimators, instrumental variables and Hausman test.
Microeconomics: A Simple Introduction offers an accessible guide to
the central principles and ideas of microeconomics, with over 50
diagrams included to illustrate the analysis. Understand
opportunity cost, diminishing returns, demand and supply, the
market equilibrium, market failure, adverse selection and moral
hazard. Learn how to calculate price and income elasticities.
Consumer theory explores budget constraints, indifference curves,
marginal rate of substitution, utility maximization, Hicks and
Slutsky income and substitution effects, and Samuelson's revealed
preference theory. Firm theory examines production factors,
Cobb-Douglas and other production functions, returns to scale,
isoquant curves, isocost lines, cost minimization, profit
maximization, Lerner index, and differentiation to derive a
marginal revenue curve. Perfect competition, monopolistic
competition, oligopoly, and monopoly are explained. Monopoly
welfare effects are shown, with oligopoly models of kinked demand,
cartels, dominant price leadership, Cournot and Bertrand. Game
theory investigates duopoly and battle of the sexes games,
assessing them with dominance and credible threats.
Corporate Finance Formulas: A Simple Introduction includes over 75
formulas in the field of corporate finance, alongside relevant
definitions and explanations. The formulas cover the topics of
return and risk, cost of equity, cost of capital, capital
structure, payout policy, valuation, and mergers.
Investment Appraisal: A Simple Introduction offers an accessible
guide to the methods and uses of investment appraisal, with
examples and calculations throughout. Understand the accounting
rate of return (ARR), the payback period (PP), the net present
value (NPV), and the internal rate of return (IRR). Work through
four extended example studies for each approach, and learn how to
easily find the NPV or IRR with Excel. Compare the strengths and
weaknesses of each of the four appraisal methods, and examine
potential errors, risk management, and project management.
Financial Economics: A Simple Introduction offers an accessible
guide to the central ideas and methods of financial economics, with
examples and calculations, empirical evidence, and over 20 diagrams
to support the analysis. Understand consumption and investment
decisions, intertemporal choice, indifference curves and the
marginal rate of substitution, production possibilities and the
marginal rate of transformation, rates of return, the financial
market line, borrowing and lending, and the Fisher Separation
Theorem. Portfolio theory examines expected returns, standard
deviation and variance risk, covariance, correlation, asset
diversification, market portfolio, a risk-free asset, the capital
market line, and the Tobin Separation Theorem. The capital asset
pricing model (CAPM) explores diversifiable and non-diversifiable
risk, the beta risk factor, calculation of an asset's expected
return, the security market line, asset evaluation, and empirical
evidence on the CAPM. Market efficiency looks at the efficient
market hypothesis (EMH), weak, semi-strong, and strong form
efficiency, and the literature on technical and fundamental
analysis strategies to beat the market.
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