{"product_id":"new-economic-thinking-and-real-estate-isbn-9781119048756","title":"New Economic Thinking and Real Estate","description":"\u003ci\u003eNew Economic Thinking and Real Estate\u003c\/i\u003e offers a modern and distinctive approach to forecasting and understanding property markets. With this book, students will develop an intuitive ability to interpret economic indicators and acquire the confidence to assess property markets. The book is divided into three parts: Part A: Resource choices - deals with microeconomics; Part B: Financial Systems - seeks to make sense of the macroeconomic scene and Part C: Measuring and Forecasting. \u003cp\u003eForeword viii\u003c\/p\u003e \u003cp\u003eIntroduction: Setting the Scene 1\u003c\/p\u003e \u003cp\u003eThe storyline 3\u003c\/p\u003e \u003cp\u003eHindsight is a wonderful thing 5\u003c\/p\u003e \u003cp\u003eThe writing on the wall 7\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART A RESOURCE CHOICES 11\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e1 Basic Economic Principles 13\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDefinition of economics 14\u003c\/p\u003e \u003cp\u003eResources (or factors of production) 15\u003c\/p\u003e \u003cp\u003eIncome and wealth 19\u003c\/p\u003e \u003cp\u003eInvestment 20\u003c\/p\u003e \u003cp\u003eProperty in a resource context 22\u003c\/p\u003e \u003cp\u003eHistory of economic thought 25\u003c\/p\u003e \u003cp\u003eFood for thought: The problems of inequality 29\u003c\/p\u003e \u003cp\u003e\u003cb\u003e2 The Language of Profit 32\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIt’s all about profit 33\u003c\/p\u003e \u003cp\u003eThe residential developer’s dilemma 34\u003c\/p\u003e \u003cp\u003eIt’s all about yields 37\u003c\/p\u003e \u003cp\u003eTiming is everything 38\u003c\/p\u003e \u003cp\u003eSocially responsible investment 41\u003c\/p\u003e \u003cp\u003eCosts and price 42\u003c\/p\u003e \u003cp\u003eThe circle of blame 45\u003c\/p\u003e \u003cp\u003eFood for thought: Is profit the measure of everything? 45\u003c\/p\u003e \u003cp\u003e\u003cb\u003e3 Real Estate Markets 49\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCommon sense price signals 50\u003c\/p\u003e \u003cp\u003eThe Marshallian Cross 52\u003c\/p\u003e \u003cp\u003eThe concept of equilibrium 54\u003c\/p\u003e \u003cp\u003eProperty markets 56\u003c\/p\u003e \u003cp\u003eThe basics of demand 60\u003c\/p\u003e \u003cp\u003eDemand for housing 61\u003c\/p\u003e \u003cp\u003eDemand for commercial property 64\u003c\/p\u003e \u003cp\u003eDemand for government property 65\u003c\/p\u003e \u003cp\u003eThe basics of supply 66\u003c\/p\u003e \u003cp\u003eThe stock of housing 67\u003c\/p\u003e \u003cp\u003eStock of commercial property 70\u003c\/p\u003e \u003cp\u003eStock of government buildings 72\u003c\/p\u003e \u003cp\u003eSupply and non]price determinants 73\u003c\/p\u003e \u003cp\u003eKnow your markets 75\u003c\/p\u003e \u003cp\u003eThe unethical market? 77\u003c\/p\u003e \u003cp\u003eFood for thought: Behavioural real estate economics 79\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART B FINANCIAL SYSTEMS 83\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e4 The Macroeconomy and Financial Flows 85\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe circular flow model 86\u003c\/p\u003e \u003cp\u003eThe modern flow of funds model 88\u003c\/p\u003e \u003cp\u003eThe perils of debt 91\u003c\/p\u003e \u003cp\u003eFood for thought: Flow of funds – what goes around comes around 93\u003c\/p\u003e \u003cp\u003e\u003cb\u003e5 Central Banks and Monetary Policy 99\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIdeology: In whose interests? 101\u003c\/p\u003e \u003cp\u003eWhat goes on in the traditional banking sector? 102\u003c\/p\u003e \u003cp\u003eThe fairytale story of banking 103\u003c\/p\u003e \u003cp\u003eThe market for derivatives: Weapons of mass destruction 107\u003c\/p\u003e \u003cp\u003eAlphabet soup 108\u003c\/p\u003e \u003cp\u003eSpecialised real estate funding options 111\u003c\/p\u003e \u003cp\u003eCentral banks 113\u003c\/p\u003e \u003cp\u003eMonetary policy before 2008: The conventional approach 113\u003c\/p\u003e \u003cp\u003eMonetary policy since 2008: The unconventional approach 118\u003c\/p\u003e \u003cp\u003eFood for thought: Cosmetic accounting 124\u003c\/p\u003e \u003cp\u003e\u003cb\u003e6 The Financial Recession 127\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe language of recessions and recovery 128\u003c\/p\u003e \u003cp\u003eA new world 129\u003c\/p\u003e \u003cp\u003eHerman Minsky (1919–1996) – ahead of his time? 131\u003c\/p\u003e \u003cp\u003eWhy did no one see it coming? 134\u003c\/p\u003e \u003cp\u003eLet the facts speak for themselves 134\u003c\/p\u003e \u003cp\u003eCentral bank: Lender of last resort 137\u003c\/p\u003e \u003cp\u003eWhere to look in the future 138\u003c\/p\u003e \u003cp\u003eFood for thought: Where is the next crisis coming from? 140\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART C MEASURING AND FORECASTING 143\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e7 Central Government and Fiscal Policy 145\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMacroeconomic targets 146\u003c\/p\u003e \u003cp\u003eCentral government 152\u003c\/p\u003e \u003cp\u003eFiscal policy 154\u003c\/p\u003e \u003cp\u003eAusterity economics 159\u003c\/p\u003e \u003cp\u003eFood for thought: An ageing population 161\u003c\/p\u003e \u003cp\u003e\u003cb\u003e8 Measuring and Forecasting Economic Activity 165\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSome general principles to watch out for 166\u003c\/p\u003e \u003cp\u003eMeasuring economic growth 168\u003c\/p\u003e \u003cp\u003eMeasuring income per head 170\u003c\/p\u003e \u003cp\u003eMeasuring income distribution 172\u003c\/p\u003e \u003cp\u003eMeasuring inflation 174\u003c\/p\u003e \u003cp\u003eMeasuring unemployment 179\u003c\/p\u003e \u003cp\u003eMeasuring international transactions 183\u003c\/p\u003e \u003cp\u003eMeasuring business fluctuations 186\u003c\/p\u003e \u003cp\u003eForecasting the economy 189\u003c\/p\u003e \u003cp\u003eForecasting property markets 191\u003c\/p\u003e \u003cp\u003eFood for thought: The new (High Street) economy 194\u003c\/p\u003e \u003cp\u003eAfterword 199\u003c\/p\u003e \u003cp\u003eGlossary 202\u003c\/p\u003e \u003cp\u003eWebnotes 210\u003c\/p\u003e \u003cp\u003eReferences and Recommendations 215\u003c\/p\u003e \u003cp\u003eIndex 222\u003c\/p\u003e  \u003cstrong\u003eDanny Myers\u003c\/strong\u003e is an economist who has taught built environment students at undergraduate and post-graduate levels in the UK and abroad. He is an experienced lecturer and author from the Department of Construction and Property at the University of the West of England, and the Department of Architecture and Civil Engineering at the University of Bath. His recent research supported Kalle Lasne, the founder of the Occupy movement.","brand":"Wiley-Blackwell","offers":[{"title":"Default Title","offer_id":47989686632677,"sku":"NP9781119048756","price":51.5,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781119048756.jpg?v=1761785106","url":"https:\/\/k12savings.com\/es\/products\/new-economic-thinking-and-real-estate-isbn-9781119048756","provider":"K12savings","version":"1.0","type":"link"}