Product DescriptionManagerial Economics, Revised Edition, provides a solid foundation of economic understanding for use in managerial decision making. One key feature of this market-leading text is its attempt to depict the firm as a cohesive, unified organization. A basic valuation model is constructed and used as the underlying economic model of the firm. Each topic in the text is then related to an element of the value maximization model. In this process, management is seen to involve an integration of ali business functions. Managerial Economics, Revised Edition is designed to present those aspects of economic theory and analysis that are most relevant to students of business administration in an intuitive calculus-based or noncalculus-based format, depending upon the preferences of the instructor. It has been used successfully in both undergraduate and graduate courses.
Customer Reviews
Average Rating:
Rating: - Before following this clown's advise
See Mark Hirschey in action. He is always wrong on the Yahoo and Motely Fool message boards. Look under mhirschey.
Rating: - Head Scratcher
This book unlike many undergrad books appears to be intentionally elusive. It's examples transcend the entire chapter instead a clear example followed by more challenging ones. I have to scour the pages for clues as to how to approach one of the end of the chapter problems and still I find myself guessing. The books structure is a mish/mash. I can't believe I have to endure another two moths of this. MBA Student.
Rating: - Managerial Economics Works
For those in Executive MBA programs, this is a terribly useful supporting text for any managerial economics programs. The authors are very aware of who their audience is -- all learning is in a managerial framework (as opposed to the dryer, more theoretical, straight economics textbooks).
They cover the basics, but also do a great job on game theory and probablistic decision making. I had no economics before reading this, and found it clear and understandable even for the most abstruse ... Read More
- Before following this clown's advise
- Managerial Economics Works
