Economics for Business: Blending Theory and PracticeSecond editionIan Worthington, Chris Britton and Andy Rees Economics for Business is a concise, business focused book which illustrates how the ideas and perspectives of economics can help us make sense of the world in which we live. This book takes a business first approach and then applies the economic theory to the business world. Business models are used to explain the relevance of the theory to business life and the real problems faced by firms and managers. The new edition of this highly accessible book has been thoroughly updated and continues to take a reader-centred approach, communicating complex ideas in a straightforward and easy to understand manner. KEY FEATURES *Focuses on the application of microeconomics to business, with macro analysis introduced as relevant to provide a fuller understanding of the business world. *Excellent balance between discussion of economic theory and practical illustrations.*Takes a global approach and includes chapters on international markets and environmental issues.*Case studies at the end of each chapter and mini cases within the chapter highlight key issues raised.*; Extensive pedagogy includes: chapter objectives; questions and assignments at the end of each chapter; definitions in the margin, etc. NEW TO THIS EDITION * More extensive coverage of macroeconomic issues.*Increased coverage of modern economic topics such as game theory, transaction cost analysis and principal-agent theory. *Additional mini cases have been added to all chapters.*Many chapters benefit from new (or revised) cases. * New on-line resource package to help teaching and learning available at www pearsoned.co.uk/worthington will include additional questions and solutions and hot links to economic websites. Economics for Business is suitable for undergraduate students studying business economics as part of a business degree. The book will also be appropriate for DMS students and MBA modules in economics. Ian Worthington is Principal Lecturer in the Department of Strategy and Management, Leicester Business School, De Montfort University, where he specialises in the business environment and in environmental issues. Chris Britton is Principal Lecturer in the Department of Strategy and Management, Leicester Business School, De Montfort University.; Her teaching and research interests lie in the field of industrial economics and labour markets. Andy Rees is Head of the Department of Strategy and Management and Head of Undergraduate Studies at Leicester Business School, De Montfort University, where he specialises in business economics.