Economics for Nonprofit Managers and Social Entrepreneurs

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Economics for Nonprofit Managers and Social Entrepreneurs

9781786436771 Edward Elgar Publishing
Dennis R. Young, Emeritus Professor, Case Western Reserve University and Georgia State University, Richard Steinberg, Professor of Economics, Philanthropic Studies and Public Affairs, Indiana University – Purdue University, Indianapolis (IUPUI), Rosemarie Emanuele, Professor of Business and Mathematics, Ursuline College, Pepper Pike, Ohio and Walter O. Simmons, Professor of Economics and Associate Dean, Boler College of Business, John Carroll University, US
Publication Date: 2019 ISBN: 978 1 78643 677 1 Extent: 464 pp
Economics for Nonprofit Managers and Social Entrepreneurs shows how economics contributes to better managerial decisions on social matters. This second edition of the original economics text for nonprofit managers, adds risk analysis, game theory, and behavioral economics to the managerial tool kit, along with analysis at the margin, opportunity cost, elasticity of demand and supply, market power, and cost–benefit analysis, with numerous timely examples. This text is essential for nonprofit managers and social entrepreneurs, and of interest to all economics students.

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Contents
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Economics for Nonprofit Managers and Social Entrepreneurs updates the world’s first textbook in nonprofit economics, and shows how economics contributes to better managerial decisions on social matters.

A pioneering textbook for nonprofit and social managers, this second edition adds risk analysis, game theory, and behavioral economics to the managerial tool kit, along with analysis at the margin, opportunity cost, elasticity of demand and supply, market power, and cost–benefit analysis, with numerous timely examples.

This text is essential for nonprofit managers and social entrepreneurs, and of interest to all economics students.
Critical Acclaim
‘The authors have put in considerable effort, and succeeded in explaining to the target audience as to when they need an economist. This book is helpful as it wants social entrepreneurs to learn where to use the concepts explained.’
– Zahoor Ahmad Paray, The Journal of Entrepreneurship

‘If you are teaching economics to non-profit managers or you are working for a non-profit organization or a social enterprise, it is a good choice to explore this book.This book gives a stable foundation for managers where economic consultants could help in situations such as how to make decisions in complex circumstances and how to be able to increase the presence of their enterprise or organization and plan their future actions after getting acquainted with the behaviour of their clients and deal with different kinds of risk in their field.’
– Gyöngyi Csongrádi, VOLUNTAS: International Journal of Voluntary & Nonprofit Organizations

‘An indispensable book for managers of nonprofits. The new edition includes excellent additional chapters that give insights into decision-making under uncertainty and risk using concepts from behavioral economics and game theory.’
– Femida Handy, University of Pennsylvania, US
Contents
Contents: Dedication Foreword by Patrick Rooney Foreword to the first edition by Burton A. Weisbrod Preface 1. Why Should Nonprofit Managers and Social Entrepreneurs Study Economics? 2. The Place of Nonprofits and Social Enterprise in the U.S. Economy 3. Policy and Management Issues 4. Analysis of Economic Functions 5. Thinking at the Margin 6. The Concept of Cost 7. Analysis of Competitive Markets 8. Market Power 9. Applications of Market Analysis 10. Economic Decision Making Under Risk 11. Games of Collaboration and Competition 12. Behavioral Research in Economics 13. Market Failure 14. Cost-Benefit Analysis 15. Using Economics in Practice Musical Appendix About the Authors Index


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