Danny Myers – New Economic Thinking and Real Estate 2016

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Summary

• New Economic Thinking and Real EstateNew Economic Thinking and Real Estate 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.About the AuthorDanny Myers 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.Table of contentsForeword viiiIntroduction: Setting the Scene 1The storyline 3Hindsight is a wonderful thing 5The writing on the wall 7PART A RESOURCE CHOICES 111 Basic Economic Principles 13Definition of economics 14Resources (or factors of production) 15Income and wealth 19Investment 20Property in a resource context 22History of economic thought 25Food for thought: The problems of inequality 292 The Language of Profit 32It’s all about profit 33The residential developer’s dilemma 34It’s all about yields 37Timing is everything 38Socially responsible investment 41Costs and price 42The circle of blame 45Food for thought: Is profit the measure of everything?