This is one of the first
texts on the market to provide a foundation for covering the important subject of
electronic commerce within college and university economics curricula. Applying basic
principles of economics, the book surveys the various ways that economics can be applied
to the area of electronic commerce and how the e-commerce revolution affects the economy.
It features full coverage of the implications of electronic commerce within the various
areas of the discipline; balanced examinations of how basic economic principles continue
to apply to the electronic marketplace and of how features of certain products sold in
this marketplace have required rethinking some of those principles; and numerous
current-interest features underscoring the real-world relevance of the study of e-commerce
economics.
Benefits:
• Comprehensive
Coverage: Covers all relevant applications of electronic commerce to various fields of
economics: industrial organization; public economics; money, banking, and financial
economics; international economics; and macroeconomics.
• Impact of
E-Commerce on Economic Principles: Provides balanced examinations of how basic economic
principles continue to apply to the electronic marketplace and of how features of certain
products sold in this marketplace have required rethinking some of those principles.
• Real-World
Applications: Numerous examples throughout the text demonstrate the real-world relevance
of the study of e-commerce economics. More than 70 boxed features apply economic concepts
to case studies in electronic commerce relating to management (Management Online boxes),
policy (Policymaking Online boxes), and globalization (Globalization Online boxes). Each
of the Online features concludes with critical thinking questions titled, "For
Critical Thinking," which can be used to facilitate class discussion.
• Internet
Enhancements: Web application features include "On the Web" boxes throughout
highlighting margin URLs for students to explore on the Web, and "Online
Exercises" at the end of each chapter.
• Student Study Aids:
Innovative student support materials include an electronic study guide and interactive
quizzes.
• Fundamental Issues:
Each chapter begins with Fundamental Issues, which are in the form of a question. Each
Fundamental Issue is revisited, as appropriate, in the chapter.
Table of Contents:
UNIT I: ELECTRONIC
COMMERCE--MARKETS AND PRICES
1. Foundations of Electronic Commerce
2. Applying Basic Economic Principles to Electronic Commerce
3. Imperfect Competition, Virtual Products, and Network Industries
4. Business Strategies and Conduct in the Electronic Marketplace
UNIT II: INFORMATION, ADVERTISING, AND INNOVATION IN THE ELECTRONIC
5. Searching for Information in Electronic Markets
6. Internet Advertising
7. Innovation, Intellectual Property Rights, and the Internet
UNIT III: INTERNET FINANCE, ONLINE BANKING, AND E-MONEY
8. Online Financial Markets
9. The Economics of Online Banking
10. Digital Cash and Electronic Payments
UNIT IV: POLICY IMPLICATIONS OF ELECTRONIC COMMERCE
11. Regulatory Issues in Electronic Markets
12. The Public Sector and the Electronic Marketplace
13. Electronic Commerce and the World Trading System
14. The Electronic Marketplace and Aggregate Economics Activity
529 pages