Managerial Economics, CourseSmart eTextbook, 7th Edition

For upper-level undergraduate and first-year MBA courses in managerial and applied economics.

This text will excite readers by providing a more linear progression, while proving the consistency and relevance of microeconomic theory.

1. Introduction

 

2.  The firm and Its Goals

 

3A.  Supply and Demand
Appendix 3.  The Mathematics of Supply and Demand

4.  Demand Elasticity
Appendix 4.  Applications of Supply and Demand

 

5.  Demand Estimation and Forecasting

 

6.  The Theory and Estimation of Production
Appendix 6A.  The Production of Services
Appendix 6B.  The Multiple-Input Case
Appendix 6C.  Expressing the Production Function with the Use of Calculus

7.  The Theory and Estimation of Cost
Appendix 7A.  A Mathematical Restatement of the Short-Run Cost Function
Appendix 7B.  The Estimation of Cost

 

8.  Pricing and Output Decisions: Perfect Competition and Monopoly
Appendix 8A.  The Use of Calculus in Pricing and Output Decisions
Appendix 8B.  Break-Even Analysis (Volume-Cost-Profit)

 

9.  Pricing and Output Decision: Monopolistic Competition and Oligopoly

 

10.  Special Pricing Practices

 

11.  Game Theory and Asymmetric Information

 

12.  Capital Budgeting and Risk
Appendix 12A.  The Value of A Corporation

13.  The Multinational Corporation and Globalization

14.  Government and Industry: Challenges and Opportunities for Today’s Manager

15.  Managerial Economics in Action

Part 1.  Beverage Industry Survey

Part 2.  The Business Planning Process

Appendix 15A. Beverage Industry Executives

 

Appendix A.  Statistical and Financial Tables

 

Online appendices
      Review of mathematical concepts used in managerial economics
      Linear programming
      Calculations for the time value of money
      Solutions to odd-numbered problems