Sunday, December 21, 2008

Practical Business Math Procedures or Economic Analysis of Property Rights

Practical Business Math Procedures

Author: Jeffrey Slater

Practical Business Math Procedures is a comprehensive introduction to the concepts and applications of mathematics to personal and commercial business problems. The text uses basic arithmetic and problem solving techniques and illustrates their use in retailing, interest and loans, banking, payroll, taxes, investments, insurance, and a variety of other business situations. The text is well known for the motivating integration of interesting real world examples and photos from the Wall Street Journal, Kiplinger’s, and many other business journals. PBMP’s is the most popular and widely used book for this course and is carefully written and developed to support students with little math experience with practice quizzes, thousands of exercises, color coded procedures and diagrams, supporting tutorial videos on DVD, and the highest standards of reliability and cleanliness.



Table of Contents:

1. Whole Numbers: How to Dissect and Solve Word Problems

2. Fractions

3. Decimals

4. Banking

5. Solving for the Unknown: A How-To Approach for Solving Equations

6. Percents and Their Applications

7. Discounts: Trade and Cash

8. Markups and Markdowns

9. Payroll

10. Simple Interest

11. Promissory Notes, Simple Discount Notes, and the Discount Process

12. Compound Interest and Present Value

Appendix A: Additional Homework by Learning Unit

Appendix B: Check Figures

Appendix C: Glossary

See also: Bringing Tuscany Home or Crescent City Collection

Economic Analysis of Property Rights

Author: Yoram Barzel

This study offers a unified theoretical structure to analyze exchange, formation of economic rights, and organization. The cost of measuring accurately all assets' attributes is prohibitive. Therefore, rights are never fully delineated and others (using theft, adverse selection, free riding, and shirking) may appropriate one's assets. The central question is how people allocate resources and organize their activities to maximize the value of their rights. The approach emphasizes nonmarket constraints, but is also applicable to market economies. It is useful for analyzing allocations within organizations as well as allocation by voting and charity. Chapters have been extended for this second edition and a new chapter devoted to the firm has been added.



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