Economic Approaches to Organizations, 6th edition

Published by Pearson (March 28, 2017) © 2018
  • Sytse Douma
  • Hein Schreuder

Title overview

Help your students understand the economic approaches used in organisations today

Economic Approaches to Organizations, 6th edition, introduces your students to the different economic approaches used in organisations today and teaches them how these concepts relate to real-life organisational problems.

Unique in its attempt to make the link between management and economics, this text covers topics like game theory, the economics of strategy and evolutionary approaches - maintaining a low technical level throughout to avoid confusion.

With a conceptual framework to assist your teaching, this text is ideal for lecturers of management and organisational studies.

This title has a Companion Website.

Hallmark features of this title

The text is written to be accessible to all students, simply covering essential topics.

  • A step-by-step conceptual framework explains fundamental economic approaches to organisations.
  • Assumes no prior knowledge of economics.
  • Covers Game Theory, Strategy, and Evolution.
  • Discusses the 5 different economic approaches to organisations
  • Written in a concise, informative, and student-friendly style.

Contains features to aid retention and help students apply their knowledge.

  • Packed with empirical results and real-world data.
  • Contains Real-life examples.
  • End-of-chapter questions consolidate understanding.
  • Quotations and diagrams aid comprehension.
  • further reading and study material allow for deeper study.
  • Wide range of cases with a global link.

New and updated features to this edition

The 6th edition has been revised and updated to include new content that reflects the latest available information on the topic.

Changes to this edition from the previous include:

  • An update of the exciting new field of complexity economics focusing on learning and adaptation.
  • A new introduction of digital platforms as coordination mechanisms and platform organizations as a new organizational type.
  • A new economic explanation of the business models of Airbnb, Amazon, Google, Uber and similar platform organizations.
  • A separate chapter on behavioural economics covers bounds on rationality and self-interest as well as prospect theory.

Key features

Features of Pearson eBook for the 6th Edition

Economic Approaches to Organizationsis the ideal guide to teach your students the link between management and economics, and how different economic approaches address real-world organisational issues.

The new edition has been thoroughly updated, with a wealth of examples and activities that will encourage your students to engage with the material and consolidate their understanding on the topics.

Improve your students' learning experience with a range of digital tools.

From fully online delivery to blended learning, this is a digital textbook with integrated resources designed to keep your students engaged and support their learning.

With eBooks your students can:

  • Customise how they study and add their own notes, bookmarks, and highlights directly in their eBook.
  • Organise study time and read online or offline, anytime, anywhere.
  • Optimise their studying and access learning content with their computer, mobile, and Android apps.
  • Study for their course with an environmentally friendly learning resource.

Find out more about the teaching benefits of Pearson eBooks.

Table of contents

Part I Foundations

  1. 1. Markets and organizations
  2. 2. Markets
  3. 3. Organizations
  4. 4. Information
  5. 5. Game theory
  6. 6. Econs and Humans

Part II Economic Approaches

  1. 7. Behavioural theory of the firm
  2. 8. Agency theory
  3. 9. Transaction cost economics
  4. 10. Economic Contributions to business/competitive strategy
  5. 11. Economic contributions to corporate strategy
  6. 12. Evolutionary approaches to organizations
  7. 13. All in the family

Author bios

Sytse Douma is professor of business administration at Tilburg University.

Hein Schreuder was executive vice president of corporate strategy and acquistitions at Royal DSM N.V. until 2012. He is honorary professor of business economics at Maastricht University and board member of the Vlerick Business School in Belgium.

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