Preface
Publisher's acknowledgements
Guided tour
Part A: Business and economics
1. The business environment and business economics
2. Economics and the world of business
3. Business organisations
Part B: Business and markets
4. The working of competitive markets
5. Business in a market environment
Part C: Background to demand
6. Demand and the consumer
7. Demand and the firm
8. Product, marketing and advertising
Part D: Background to supply
9. Costs of production
10. Revenue and profit
Part E: Supply: short-run profit maximisation
11. Profit maximisation under perfect competition and monopoly
12. Profit maximisation under imperfect competition
Part F: Supply: alternative strategies
13. An introduction to business strategy
14. Alternative theories of the firm
15. Growth strategy
16. The small-firm sector
17. Pricing strategy
Part G: The firm in the factor market
18. Labour markets, wages and industrial relations
19. Investment and the employment of capital
Part H: The relationship between government and business
20. Reasons for government intervention in the market
21. Government and the firm
22. Government and the market
Part I: Business in the international environment
23. Globalisation and multinational business
24. International trade
25. Trading blocs
Part J: The macroeconomic environment
26. The macroeconomic environment of business
27. The balance of payments and exchange rates
28. Money and interest rates
29. Business activity, employment and inflation
Part K: Macroeconomic policy
30. Demand-side policy
31. Supply-side policy
32. International economic policy
Web appendix
Key ideas
Glossary
Index