Economics and Commerce : Traditional and Behavioural System Thinking

Traditional and behavioral economics are similar in nature—both fields analyze the behaviors and interactions of economic agents and how those interactions shape our economies. While they seem similar on the surface, behavioral economics enriches the traditional field by utilizing theories from psychology, sociology, politics, and more to create a more realistic picture of the economy. Commerce is a branch of business. It is concerned with the exchange of goods and services. It includes all those activities, which directly or indirectly facilitate that exchange. Commerce looks after the distribution aspect of the business. Systems Thinking for business management and explore several examples of business failures due to a lack of application of Systems Thinking, with an ultimate goal of offering a Systems Thinking approach that is useful to all levels of management. Although there is significant literature aimed at facilitating Systems Thinking in organizational management, there remains a lack of adoption of Systems Thinking in mainstream business practice. The book attempt to describe these changes in economic theory—both in the kinds of models used and in the factors that are identified as playing key roles in economy.  CONTENTS Economic Systems; Consumer Behaviour; Financial Decision Making; Organizational Theory and Business Behaviour; Economics and Human Behaviour; Critical Thinking; Classical Economics; Merging Economics in Decision Making; Organizational Behaviour in Group Dynamics; Economic Implications of E-commerce for Customer Retention. 

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