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Managerial Economics

Theory and Practice

Managerial Economics by Thomas J. Webster
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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. * A more extensive review of mathematical techniques than most comparable textbooks. * 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 * A chapter on the time value of money and capital budgeting * The accentuation of risk, uncertainty, and the economics of information throughout
Emerald Publishing Limited; July 2003
755 pages; ISBN 9780080479040
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Title: Managerial Economics
Author: Thomas J. Webster