Economic Approaches to Organization

by Sytse Douma, Hein Schreuder

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

Use of empirical results and real-world data A 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.

400 pages, Kindle Edition

Published April 13, 2017

Reviews

[Merlijn · Rating 5 out of 5]

I've read this book, which is about the basic principles of Economics, for university. I would totally recommend it if you want to learn more about economics (focused on organizations). I enjoyed reading it, which is certainly not the case with all academic books..., because it is well-written, easy to read and contains concise and current examples. Although this book is accessible for readers without knowledge about economics, don't assume that this book is superficial or easy, because that's not the case. In high school, I've had three years of economics and three years of management & organization, but this book went way deeper and broader than I've learned before. See it like this: this book guides everyone, regardless of your prior knowledge, from the emergence of economics (with questions like: why do firms exist?) to the deeper and broader level of economics. In this book that includes themes like: transaction costs theory, behaviour theory of the firm, game theory, agency theory, corporate and competitive strategy and evolutionary theory.

[Bart Hoste · Rating 4 out of 5]

This textbook is a good and broad introduction for new economics students. It teaches all the basics and introduces some great examples thus relating the theory to practice which helps with remembering and learning its contents.