Managerial Economics: A Strategic Approach

Waschik, Robert

ISBN 10: 0415495091 / ISBN 13: 9780415495097

Published by Routledge, 2010

About this Item

Offers an introduction to the key pillars of game theory into managerial decision-making. Taking an international perspective, this book shows developments in economics such as behavioural economics and auction theory as well as how these can be applied in the workplace. Num Pages: 400 pages, 83 black & white illustrations, 22 black & white tables, 2 black & white halftones, 81 bl. BIC Classification: KCC. Category: (UP) Postgraduate, Research & Scholarly. Dimension: 246 x 174. Weight in Grams: 861. . 2010. 1st Edition. hardcover. . . . . Books ship from the US and Ireland.

Seller Inventory # V9780415495097

Bibliographic Details

• Title: Managerial Economics: A Strategic Approach
• Publisher: Routledge
• Publication Date: 2010
• Language: English
• ISBN 10: 0415495091
• ISBN 13: 9780415495097
• Binding: Hardcover
• Condition: New

About this title

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.

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.