Fundamentals of Managerial Economics

Author: Mark Hirschey

Publisher: Cengage Learning

ISBN:

Category: Business & Economics

Page: 816

View: 526

The economic concepts presented in FUNDAMENTAL OF MANAGERIAL ECONOMICS, 9e, show students how to use common sense to understand business and solve managerial problems without calculus. This innovative text helps students develop and sharpen their economic intuition--an invaluable skill that helps students, as future managers, decide which products to produce, costs to consider, and prices to charge, as well as the best hiring policy and the most effective style of organization. With its unique integrative approach, the text presents the firm as a cohesive, unified organization and demonstrates that important business decisions are interdisciplinary. A basic valuation model is constructed and used as the underlying economic model of the firm; each topic is then related to an element of the value maximization model--a process that shows how management integrates accounting, finance, marketing, personnel, and production functions. The text also provides an intuitive guide to marginal analysis and basic economic relations. Once students grasp the importance of marginal revenue and marginal costs, the process of economic optimization becomes intuitively obvious. In addition, a wide variety of examples and simple numerical problems vividly illustrate the application of managerial economics to a vast assortment of practical situations. By studying the material in FUNDAMENTALS OF MANAGERIAL ECONOMICS, 9e, those seeking to further their business careers learn how to more effectively collect, organize, and analyze information. They gain powerful tools that can help them become more successful--and satisfied--in their careers. Important Notice: Media content referenced within the product description or the product text may not be available in the ebook version.

Managerial Economics

Author: Mark Hirschey

Publisher: Harcourt Brace College Publishers

ISBN:

Category: Managerial economics

Page: 827

View: 856

Part 1 Overview of Managerial Economics 1 Nature and Scope of Managerial Economics 2 Economic Optimization 3 Demand and Supply Part 2 Demand Analysis 4 Consumer Demand 5 Demand Analysis 6 Demand Estimation 7 Forecasting Part 3 Production and Competitive Markets 8 Production Analysis and Compensation Policy 9 Cost Analysis and Estimation 10 Competitive Markets 11 Performance and Strategy in Competitive Markets Part 4 Imperfect Competition 12 Monopoly and Monopsony 13 Monopolistic Competition and Oligopoly 14 Game Theory and Competitive Strategy 15 Pricing Practices 16 Markets for Labor and Other Inputs Part 5 Long-Term Investment Decisions 17 Risk Analysis 18 Capital Budgeting 19 Organization Structure and Corporate Governance 20 Government in the Market Economy.

Managerial Economics

Author: Mark Hirschey

Publisher: Cengage Learning

ISBN:

Category: Business & Economics

Page: 844

View: 824

The economic concepts presented in MANAGERIAL ECONOMICS, 12e, show students how to use common sense to understand business and solve managerial problems. This innovative text helps students develop and sharpen their economic intuition--an invaluable skill that helps students, as future managers, decide which products to produce, costs to consider, and prices to charge, as well as the best hiring policy and the most effective style of organization. With its unique integrative approach, the text presents the firm as a cohesive, unified organization and demonstrates that important business decisions are interdisciplinary. A basic valuation model is constructed and used as the underlying economic model of the firm; each topic is then related to an element of the value maximization model--a process that shows how management integrates accounting, finance, marketing, personnel, and production functions. The text also provides an intuitive guide to marginal analysis and basic economic relations. Once students grasp the importance of marginal revenue and marginal costs, the process of economic optimization becomes intuitively obvious. In addition, a wide variety of examples and simple numerical problems vividly illustrate the application of managerial economics to a vast assortment of practical situations. By studying the material in MANAGERIAL ECONOMICS, 12e, those seeking to further their business careers learn how to more effectively collect, organize, and analyze information. They gain powerful tools that can help them become more successful--and satisfied--in their careers. Important Notice: Media content referenced within the product description or the product text may not be available in the ebook version.

MANAGERIAL ECONOMICS

Author: YOGESH MAHESHWARI

Publisher: PHI Learning Pvt. Ltd.

ISBN:

Category: Business & Economics

Page: 368

View: 576

For courses in managerial economics, this textbook, now in its third edition, is specifically designed for the students of management, commerce and economics to provide them with a thorough understanding of economic concepts and methodologies and the economic environment influencing managerial decisions. The book first lays a sound theoretical foundation of basic concepts, defi-nitions, and methodologies of economics, being an essential prerequisite for students to understand the theory of managerial economics. All the basic principles are introduced with mathematical complexity kept to minimum—essentials of applied mathematics needed for comprehending the under-lying ideas of models and theories of economics are covered. The book then moves on to systematically enumerates the various tools of analysis such as demand analysis, cost analysis, elasticity of demand, production analysis and price theory, and highlights their importance in managerial decision making through the concept-example format, wherein a concept discussed is immediately followed by a practical situation so that the reader can understand its application. The end-of-chapter questions reinforce a deeper understanding of the concepts introduced in the text. An exclusive chapter on linear programming emphasizes the importance of this mathematical tool in finding optimal business solutions. The book concludes with an exhaustive introduction to macroeconomics, analyzing in depth the concepts of inflation, income, savings and investments, and growth and employment in Indian context. New to the Third Edition Revised and expanded coverage of evolution of economic thought, and basic economic terms. An enriched inclusion of demand forecasting techniques, and the Cobb-Douglas production function. An extensive illustration of the commonly used pricing methods and market power. Value addition to the existing list of case studies to enhance students’ understanding of the theoretical concepts.

Managerial Economics

A Mathematical Approach

Author: M. J. Alhabeeb

Publisher: John Wiley & Sons

ISBN:

Category: Business & Economics

Page: 608

View: 727

Uncertainty is present in every managerial decision, andManagerial Economics: A Mathematical Approach effectivelydemonstrates the application of higher-level statistical tools toinform and clarify the logic of problem solving in a managerialenvironment. While illuminating managerial decision-making from all possibleangles, this book equips readers with the tools and skills neededto recognize and address uncertainty. The book also exploresindividual, firm, and market-level decisions; discusses allpossible risks and uncertainties encountered in the decision-makingprocess; and prepares readers to deal with both epistemic andaleatory uncertainty in managerial decisions. ManagerialEconomics features: • An emphasis on practical application through real-lifeexamples and problems • An accessible writing style that presents technicaltheories in a user-friendly way • A mathematical and statistical point of view thatreveals the presence of uncertainty inherent in managerialdecisions • Thoroughly class-tested material including problems atthe end of each chapter, case study questions, review exercises,and objectives that summarize the main discussions Managerial Economics is an excellent book forupper-undergraduate and graduate-level courses in business andeconomics departments. The book is also an ideal reference andresource for managers, decision makers, market analysts, andresearchers who require information about the theoretical andquantitative aspects of the topic.

Managerial Economics

Author: Ivan Png

Publisher: Wiley-Blackwell

ISBN:

Category: Business & Economics

Page: 569

View: 930

Managerial Economics develops simple, practical tools and concepts for business students as well as practicing managers. Presenting the essentials of managerial economics in an accessible style, this book uniquely integrates the discipline to other managerial functions –– including accounting, finance, human resource management, and marketing. Each chapter is centered around a real world business case study and develops this issue′s relevant managerial economics principles in a straightforward manner. The discussions are reinforced with numerous supplementary cases, including Echo Bay Mines (Canada) and the Brisbane Concrete Cartel. Each chapter includes fifteen review questions to underscore basic principles, as well as over ten discussion questions to apply and expand upon these principles to recent business problems. This second edition also emphasizes the economic principles of the "new economy," particularly scalability and network effects. Managerial Economics is supported by an instructor′s manual and on–line resources for students and instructors visit: www.comp.nus.edu.sg/∼ipng/mecon.htm and www.blackwellpublishing.com/png

Managerial Economics, 8th Edition

Author: D.N. Dwivedi

Publisher: Vikas Publishing House

ISBN:

Category: Business & Economics

Page: 361

View: 499

This well-known book on the subject has stood the test of time for the last 35 years because of the quality of presentation of its text. It has become students’ favourite as it provides the latest theories, thoughts and applications on the subject with timely revisions to stay up-to-date all the time. Since its first edition, it has provided complete, comprehensive and authentic text on micro and macro aspects of managerial economics. It has now been revised thoroughly with added interpretations of economic theories and concepts and their application to managerial decisions. NEW IN THE EIGHTH EDITION • Summary at the end of each chapter for quick recap • One complete new chapter; several new sections Some New Important Sections • ‘Derivation of Demand Curve with Changing Marginal Utility of Money’, and ‘Why Demand Curve Slopes Downward to Right’ • ‘Expansion Path of Production’ and ‘Equilibrium of Multi-plant Monopoly’ • ‘Theory of Interest Rate Determination’ and ‘Monetary Sector Equilibrium’ • ‘Current Foreign Trade Policy of India’ and ‘Current Role of the IMF’ • ‘Monetary Policy’ and ‘Current Scenario of CSR in India’

MANAGERIAL ECONOMICS

Author: DEBABRATA DATTA

Publisher: PHI Learning Pvt. Ltd.

ISBN:

Category: Business & Economics

Page: 604

View: 658

Managerial Economics, also known as business economics or Applied Microeconomics, helps in dealing with business decisions and management units effectively. This book discusses the theories and applications of Managerial Economics with the help of its various quantitative techniques like operations research, mathematical programming, game theory for strategic decisions, and other computational methods. Divided into 8 sections and 24 chapters, the book shows how conveniently one can find a solution to the business problems, such as Risk analysis, Production analysis, Pricing, Budgeting, Sales promotion and so on with Managerial Economics tools. Section I analyses the economic behaviour of the consumers; Section II discusses producers’ behaviour and issues related to the production; Sections III, IV and V talk about markets and firms and their types. The concluding Sections VI, VII and VIII delve on the application part of Economics in human resource management, finance, marketing and strategy. The chapters are well-supported with the cases, figures and important facts. The book is equipped with pedagogical aids in the form of Summary, Glossary, Important Terms, Numerical Problems and Multiple Choice Questions. Intended for the postgraduate students of Management, the book will be equally beneficial for the practising Managers.

Managerial Economics

Author: Luke M. Froeb

Publisher: Cengage Learning

ISBN:

Category: Business & Economics

Page: 352

View: 99

Discover how to use managerial economics to both diagnose and solve business problems with this breakthrough text, designed specifically for MBA learners like you. Froeb/McCann/Ward/Shor's MANAGERIAL ECONOMICS, 4E offers a succinct, fast-paced, yet challenging, approach full of invaluable insights from cover to cover. This edition incorporates less math and fewer technical models, graphs and figures than traditional managerial economics books while emphasizing the real decisions that today's managers face on a daily basis. Current, interactive applications place you in the roles of decision maker within a variety of real business scenarios, making this book an excellent ongoing resource for your business career. The latest updates throughout this lively edition keep you abreast of the most recent economic developments and current economic challenges worldwide. With MANAGERIAL ECONOMICS, 4E you learn how to apply economic theory to even the most formidable business challenges. Important Notice: Media content referenced within the product description or the product text may not be available in the ebook version.