Managerial Economics & Business Strategy
Michael R. Baye. University of Indiana
Jeffrey T. Prince is Professor of Business Economics & Public Policy and Harold A. Poling Chair in Strategic Management at Indiana University’s Kelley School of Business. He received his B.A. in economics and B.S. in mathematics and statistics from Miami University in 1998 and earned a Ph.D. in economics from Northwestern University in 2004. Prior to joining Indiana University, he taught graduate and undergraduate courses at Cornell University.
Jeff has won top teaching honors as a faculty member at both Indiana University and Cornell, and as a graduate student at Northwestern. He has a broad research agenda within applied economics, having written and published on topics that include demand in technology and telecommunications markets, internet diffusion, regulation in healthcare, risk aversion in insurance markets, and quality competition among airlines. He is one of a small number of economists to have published in both the top journal in economics (American Economic Review) and the top journal in management (Academy of Management Journal). Professor Prince currently is a co-editor at the Journal of Economics and Management Strategy, and serves on the editorial board for Information Economics and Policy. In his free time, Jeff enjoys activities ranging from poker and bridge to running and racquetball.
Chapter 9 References
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Textbooks managerial economics
Managerial Economics Textbooks: Which Is The Best?
Managerial economics is an important course to take to better understand how to plan and control cashflow in an organization. Not only does the subject help students evaluate managerial policies, but it’s also an important course for those looking to pursue—or develop—a career in business.
Managerial economics is a continually evolving field, and the results of ongoing scholarship provide valuable classroom learnings to the millions of students who will become actuaries, market research analysts and more.
Here, we look at how Top Hat’s always up-to-date managerial economics textbook stacks up against the most recent versions available from legacy publishers.
1. Managerial Economics | Top Hat
Author: Matt Metzgar (University of North Carolina)
In Top Hat’s textbook, managerial economics extends beyond the page with questions that encourage immediate testing after reading. Embedded assessments through chapters help students track their understanding of the material covered.
Average Price: Up to 40–60 percent more affordable
Edition: Constantly updated
Always up-to-date content:
2. Managerial Economics & Business Strategy | McGraw-Hill
Authors: Michael R. Baye (Indiana University) and Jeffrey T. Prince (Indiana University)
The 9th edition of McGraw Hill’s Managerial Economics & Business Strategy helps students understand economic features including supply and demand and offers real-world, modern examples to engage readers. Access to online platform Connect sold separately.
Average Price: $90 (e-book only)
Edition: 9th edition
Always up-to-date content:
3. Managerial Economics | Wiley
Authors: William F. Samuelson (Boston University) and Stephen G. Marks (Boston University)
The latest edition of this textbook offers a breakdown of the content in 3 sections covering pricing decisions, market competition and decision-making applications.
Average Price: $96 (e-book)
Edition: 8th edition
Always up-to-date content:
4. Managerial Economics & Strategy | Pearson
Authors: Jeffrey M. Perloff (University of California-Berkeley) and James A. Brander (University of British Columbia)
With plenty of business examples and mini-cases and exercises, Pearson’s tome also features problem sets that will be useful to future managers. Access to online learning platform MyLab Economics sold separately.
Average Price: $69 (e-book)
Edition: 3rd edition
Always up-to-date content:
Learn more and get a preview of Top Hat’s managerial economics textbook here.
Tagged as:Student Engagement
Managerial Economics : Theory and Practice by Thomas J. Webster (2003, Hardcover)
- Managerial economics is the application of economic theory and quantitative methods (mathematics and statistics) to the managerial decision-making process. This book will appeal to students with limited prior training in economics and quantitative methods. It assumes that students will have had mathematics training at least through pre-calculus and that they have had a course in elementary statistics. It also expects students to have had an undergraduate course in intermediate microeconomics. The book includes these features: an Online Instructor's Manual; an Online Study Guide; a problem-solving approach to the study of managerial economics that combines the features of a standard managerial economics textbook with those of a separate study guide; a method for helping business students develop the analytical skills necessary for success in the study of managerial economics, finance, and management; and, a more extensive review of mathematical techniques than most comparable textbooks. It contains a separate chapter on game theory, including: noncooperative, simultaneous-move, one- shot games; cooperative, simultaneous-move, infinitely- repeated games (including collusions, cheating rules, and determinants of collusive agreements); cooperative, simultaneous-move, finitely- repeated games; focal-point equilibria; multistage games; bargaining with and without symmetric and asymmetric impatience. It contains a chapter on the time value of money and capital budgeting. There is the accentuation of risk, uncertainty, and the economics of information throughout Book. It is practice oriented, avoiding complex theoretical explanations with cumbersome notation. The problems are included in each section and are made integral to learning and understanding subjects. Math review uses economic relationships instead of general notation. There is excellent balance among motivation, theory, and examples, and clear exposition. It emphasizes utility and applicability, not innovation. Chapters conclude with: chapter review, key terms and concepts, chapter questions, chapter exercises, and selected readings.
Emerald Publishing The Limited
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Thomas J. Webster
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Table of Content
Introduction. Introduction to Mathematical Economics. The Essentials of Demand and Supply. Additional Topics in Demand Theory. Production. Cost. Profit and Revenue Maximization. Market Structure: Perfect Competition and Monopoly. Market Structure: Monopolistic Competition. Market Structure: Duopoly and Oligopoly. Pricing Practices. Capital Budgeting. Introduction to Game Theory. Risk and Uncertainty. Market Failure and Government Intervention.
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Industrial Management, Economics / Microeconomics
Business & Economics
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