Marcus Warren's book provides a broad coverage of economic theory, analysis and policy relevant to most undergraduate students studying economics as part of their degree. Specifically it is designed for students studying for property and business related courses and is a vital purchase for all first year students and some second year students involved in these disciplines. It is also relevant for accountancy, business and marketing students studying economics as one or two of their modules.

The main feature of this book is the inclusion of an application for students on property surveying courses, building surveying courses and rural land management students as well as some pure business examples for the business students. These applications will cover the main markets for this book at the end of each theory section.

The text is clear, concise and includes real life examples and case studies to back up the theory presented. It is global in its appeal, especially relevant for the UK, Europe and the Commonwealth.

• Economic Analysis for Property and Business 5
• Copyright 6
• Contents 7
• Acknowledgements 11
• Introduction 13
• The methodology of economics 17
• Part 1: Market analysis for the property analyst 21
  • 1 Applied property market analysis: the theory of demand and supply 23
    • The essentials of the market system 23
    • Applied demand theory 25
    • Applied supply theory 35
    • The formation of market equilibrium 40
    • The impact of changing market conditions 41
    • Conclusion 42
  • 2 Measured market analysis – the concept of elasticity 43