Authors: William F. Samuelson, Stephen G. Marks
ISBN-13: 9780470282427, ISBN-10: 0470282428
Format: Hardcover
Publisher: Wiley, John & Sons, Incorporated
Date Published: August 2009
Edition: 6th Edition
William F. Samuelson is professor of economics and finance at Boston University School of Management. He received his B.A. and Ph.D. from Harvard University. His research interests include game theory, decision theory, bidding, bargaining, and experimental economics. He has published a variety of articles in leading economics and management science journals including The American Economic Review, The Quarterly Journal of Economics, Econometrica, The Journal of Finance, Management Service, and Operations Research. His teaching and research have been sponsored by the National Science Foundation and National Institute for Dispute Resolution, among others. He is currently on the editorial boards fo the Journal of Economic Behavior and Organization and Group Decision and Negotiation.
The right tools to guide real decisions
When you’re climbing a mountain, you have to carefully consider every step if you want to reach your goal. You need to know how your tools will actually perform on the mountain. It also helps to have a trusted guide who knows the way.
The same holds true in today’s highly competitive, global business environments. The decisions managers make are more complex and critical than ever before. You need to understand how to use economic analysis techniques to make real business decisions.
When it comes to making real-life decisions based on sound economic analysis, there is no better guide than Samuelson and & Marks’s Managerial Economics, 5th Edition. Featuring many detailed, real-world examples, as well as strong coverage of decision making under uncertainty, game theory, and international topics, this practical text equips you with the right tools you need to make smart decisions.
New in the Fifth Edition
Ch. 1 Introduction to Economic Decision Making
Sect. I Decisions Within Firms
Ch. 2 Optimal Decisions Using Marginal Analysis
Ch. 3 Demand Analysis And Optimal Pricing
Ch. 4 Estimating and Forecasting Demand
Ch. 5 Production
Ch. 6 Cost Analysis
Sect. II Competing Within Markets
Ch. 7 Perfect Competition
Ch. 8 Monopoly
Ch. 9 Oligopoly
Ch. 10 Game Theory And Competitive Strategy
Ch. 11 Regulation, Public Goods, And Benefit-Cost Analysis
Sect. III Decision-Making Applications
Ch. 12 Decision Making Under Uncertainty
Ch. 13 The Value Of Information
Ch. 14 Asymmetric Information And Organizational Design
Ch. 15 Bargaining And Negotiation
Ch. 16 Actions And Competitive Bidding
Ch. 17 Linear Programming
Answers to Numbered Questions
Index