Microeconomics for MBAs : the economic way of thinking for managers
Author(s)
Bibliographic Information
Microeconomics for MBAs : the economic way of thinking for managers
Cambridge University Press, 2020, c2017
3rd ed
- : pbk
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Note
Bibliography: p. [676]-706
Includes index
"First published 2017. Paperback edition first published 2020"--T.p. verso
Description and Table of Contents
Description
Now in its third edition, this textbook develops the economic way of thinking through problems that MBA students will find relevant to their career goals. Theory and mathematics are kept as simple as possible and illustrated with real-life scenarios. The textbook package includes online video tutorials on key concepts and complex arguments, and topics likely to be assessed in exams. The distinguished author team has developed this textbook over twenty years of teaching microeconomics to MBA students. Chapters are clearly structured to support learning: Part I of each chapter develops key economic principles, whilst Part II draws on those principles to discuss organizational and incentive issues in management and focuses on solving the 'principal-agent' problem to maximize the profitability of the firm - lessons that can be applied to problems MBA students will face in the future. Economics and management are treated equally; this unique textbook presents economics as part of the everyday thinking of business people.
Table of Contents
- Part I. The Market Economy, Overview and Application: 1. Microeconomics: a way of thinking about business
- 2. Principles of rational behavior in society and business
- 3. Competitive product markets and firm decisions
- 4. Applications of the economic way of thinking: domestic government and management policies
- Part II. Applications of Basic Economic Theory: 5. Applications of the economic way of thinking: international economics
- 6. Applications of the economic way of thinking: environmental economics
- Part III. Demand and Production Theory: 7. Consumer choice and demand in traditional and network markets
- 8. Production costs and the theory of the firm
- 9. Production costs in the short run and long run
- Part IV. Competitive and Monopoly Market Structures: 10. Firm production under idealized competitive conditions
- 11. Monopoly power and firm pricing decisions
- 12. Firm strategy under imperfectly competitive market conditions
- 13. Competitive and monopsonistic labor markets
- Part V. Behavioral Economics: A Challenge to Conventional Microeconomics: 14. Challenges of behavioral economists
- 15. Problems with behavioral economics.
by "Nielsen BookData"
