Managerial Economics, Second Edition: A Strategic Approach - Softcover

Waschik, Robert

 
9780415495172: Managerial Economics, Second Edition: A Strategic Approach
Softcover
ISBN 10: 0415495172 ISBN 13: 9780415495172
Publisher: Routledge, 2010

Synopsis

Traditional microeconomic theory has much to offer a manager. It suggests ways to increase profits by setting prices and packaging services, using advertising to increase demand and shows how internet auction sites like eBay affect competition and profitability. By using game theory to present and solve a manager’s decision-making problems and by focusing on the strategic nature of these problems, this text makes microeconomic theory much more intuitive and relevant for the business student.

The text is separated into four sections:

  • basic microeconomic theory of the firm and the basic tools of game theory
  • problems related to the strategic interaction between firms, including price and quantity competition and product differentiation
  • issues arising from strategic interactions within the firm, including vertical and horizontal integration, training and motivating workers, and labour unions
  • marketing economics including information problems, advertising, durable goods and the product life cycle.

This book will be suitable for any student with a background of introductory economics. The authors include a variety of international examples and case studies from the business world to expand and illustrate key concepts, and provide end-of-chapter exercises to test students’ grasp of the material. An online supplement comprising of problems and solutions as well as PowerPoint slides is available for lecturers.

"synopsis" may belong to another edition of this title.

About the Author

Timothy C. G. Fisher is Associate Professor of Economics, University of Sydney, Australia. David Prentice is Senior Lecturer, School of Economics and Finance, La Trobe University, Australia. Robert Waschik is Senior Lecturer, School of Economics and Finance, La Trobe University, Australia.

"About this title" may belong to another edition of this title.

Publisher
Routledge
Publication date
2010
Language
English
ISBN 10 
0415495172
ISBN 13 
9780415495172
Binding
Paperback
Edition number
1
Number of pages
400

Other Popular Editions of the Same Title

9780415495097: Managerial Economics: A Strategic Approach

Featured Edition

ISBN 10:  0415495091 ISBN 13:  9780415495097
Publisher: Routledge, 2010
Hardcover