Economic Approaches to Organizations

Understand the link between management and economics with this unique text.Economic Approaches to Organizations, 6th edition, by Sytse Douma and Hein Schreuder, walks you through different economic approaches in a non-technical way, making it widely accessible.Emphasising the importance of economic issues and developments in the study of organisations and management, the text explores topics such as behavioural theory of the firm, game theory, agency theory, transaction cost economics, the economics of strategy and evolutionary approaches. The book is unique in the market in its attempt to make the link between management and economics, using practical examples throughout to help you understand how the concepts relate to economic and organisational issues in the world today. The 6th edition is packed with updated examples taken from real life and includes new chapters and sections, like a separate chapter on behavioural economics that covers bounds on rationality and self-interest as well as prospect theory. Benefit from the features this edition has to offer: Use of empirical results and real-world dataA step-by-step conceptual framework to explain fundamental economic approaches to organisations. Real-life examples. End-of-chapter questions. Quotations. Diagrams. Further reading and study. A range of cases with a global link. With its unique perspective and range of learning features, this text will provide you with a practical understanding of economic approaches used in organisations today.