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This final chapter provides an introduction to the economic theories of several influential economists of the last 2/3 of the twentieth century. Topics include welfare economics and cost–benefit analysis, public goods, traffic congestion (as an example of searching for a second-best outcome when a first-best is not possible) and applications of microeconomic analysis to many aspects of life such as human capital, crime, and discrimination. Basic theory of finance, including its application to commercial real estate, is covered. The chapter ends with an explanation of the theory of options.

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More Economists and Some Real Estate Analysis You Should Know

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  • 发表日期：

    2026年

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  • John F. McDonald

摘要

This final chapter provides an introduction to the economic theories of several influential economists of the last 2/3 of the twentieth century. Topics include welfare economics and cost–benefit analysis, public goods, traffic congestion (as an example of searching for a second-best outcome when a first-best is not possible) and applications of microeconomic analysis to many aspects of life such as human capital, crime, and discrimination. Basic theory of finance, including its application to commercial real estate, is covered. The chapter ends with an explanation of the theory of options.