Economics and Management

Essentials with Applications
1. Auflage 2026
ISBN: 978-1-041-32742-4
Verlag: Taylor & Francis Ltd

Buch, Englisch, 368 Seiten, Format (B × H): 174 mm x 246 mm

Economics and Management offers an intermediate-level introduction to economic and operations research concepts, tailored for upper-level undergraduate and MBA students from non-economics backgrounds. Blending economic theory with practical applications, it equips future managers, engineers, and policymakers with the analytical tools to navigate today's complex economic landscape.

At the macroeconomic level, the book explores fiscal and monetary policy, technological change, economic growth, inflation, unemployment, and international trade. At the microeconomic level, it examines production economics, firm theory, consumer demand, market structures, cost-benefit analysis, and pricing strategies through an applied economics lens. The text uniquely addresses risk and uncertainty by examining global challenges such as climate change and the energy transition, highlighting how financial instruments like insurance, weather derivatives, and prediction markets can mitigate these risks.

A key feature of the book is its integration of Artificial Intelligence into economic analysis. Students learn to use AI to write R code for simulations, regression modeling, and optimization problems, making complex coding accessible to non-programmers. Applications include stochastic cost-benefit analysis, sales forecasting, and tariff analysis. Excel tools are also employed for regression and optimization tasks, with AI guidance simplifying problem-solving.

Economics and Management provides a holistic and practical approach to economics, enabling students from non-economics backgrounds to confidently address real-world challenges.

Zielgruppe

Postgraduate and Undergraduate Advanced

Autoren/Hrsg.

van Kooten, G. Cornelis

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Wirtschaftstheorie, Wirtschaftsphilosophie
• Wirtschaftswissenschaften Volkswirtschaftslehre Internationale Wirtschaft
• Technische Wissenschaften Technik Allgemein Technik: Allgemeines
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Mikroökonomie

Inhaltsverzeichnis

1. Introduction Part I: Economic Philosophy and Theory 2. Philosophical Considerations 3. Macroeconomic Environment 4. Microeconomic Theory: Firms, Consumers and Trade 5. Welfare Measurement and Project Evaluation Part II: Market Structure, Efficiency and Institutions 6. Price Theory: Market Structure and Distortions 7. Price Theory and the New Institutional Economics 8. Efficiency and Equity in Land-Use Planning Part III: Climate Change and Uncertainty 9. Economics of Climate Change 10. Energy Economics and Policy 11. Risk and Uncertainty Part IV: Application: Computational Economics and AI 12. Artificial Intelligence and R Software 13. Regression and Simulation 14. Mathematical Programming 15. Concluding Discussion. Appendix: Mathematics Briefing

Über Autor(innen)

G. Cornelis van Kooten is Emeritus Professor of Economics and former Canada Research Chair at the University of Victoria, Canada, and Scholar in Residence in the Business School at Trinity Western University, Canada.