Managerial Economics Applications, Strategy and Tactics

by ; ;
Edition: 9th
Format: Hardcover
Pub. Date: 2001-03-07
Publisher(s): South-Western College Pub
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Summary

This text seeks to train students to think analytically in a business context. Specifically, it uses over 250 real-world, managerially-oriented applications to show students how managers apply theories and techniques to solve real-world business problems. This approach motivates student learning and extends student thinking well beyond the final exam. The book includes extensive coverage of the latest analytical tools in managerial economics: game-theoretic tactics, best-practices mechanism design, information economics, and organizational architecture, as well as a thorough integration of international issues.

Table of Contents

Preface xiii
PART I Introduction 1(68)
Introduction and Goals of the Firm
2(28)
Fundamental Economic Concepts
30(39)
PART II Demand and Forecasting 69(200)
Demand Analysis
70(55)
Indifference Curve Analysis of Demand
115(10)
Estimation of Demand
125(56)
Nonlinear Regression Models
176(5)
Business and Economic Forecasting
181(46)
Exchange Rates and International Trade: Managing Exports
227(42)
PART III Production and Cost 269(132)
Production Economics
270(55)
Maximization of Production Output Subject to a Cost Constraint
317(2)
Production and Linear Programming
319(6)
Cost Analysis
325(34)
The Cobb-Douglas Production Function and the Long-Run Cost Function
356(3)
Applications of Cost Theory
359(42)
The Learning Curve
396(5)
PART IV Pricing and Output Decisions: Strategy and Tactics 401(336)
Prices, Output, and Strategy: Pure and Monopolistic Competition
402(36)
Competitive Markets under Asymmetric Information
438(29)
Price and Output Determination: Monopoly and Dominant Firms
467(32)
Price and Output Determination: Oligopoly
499(40)
Game-Theoretic Rivalry: Best-Practice Tactics
539(48)
Capacity Planning and Pricing Against a Low-Cost Competitor: A Case Study of Piedmont Airlines and People Express
583(4)
Organizational Form, Governance and Mechanism Design
587(39)
Pricing Techniques and Analysis
626(62)
Revenue Management
674(14)
Government Regulation
688(49)
Economic Externalities and Market Failure
719(18)
PART V Long-Term Investment Decisions and Risk Management 737
Long-Term Investment Analysis
738
Web Chapter A: Optimization Techniques 1(23)
Web Chapter A Appendix: Constrained Optimization and Lagrangian Multiplier Techniques 24
Web Chapter B: Linear-Programming Applications 1
Appendix A: The Time Value of Money A-1
Appendix B: Tables B-1
Check Answers to Selected End-of-Chapter Exercises C-1
Index I-1

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