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Managerial Economics: Concepts And Principles (Managerial Economics Collection)
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Economic Principles Inform Good Business Decision Making. Although Economics Is Sometimes Dismissed As A Discourse Of Practical Relevance To Only A Relatively Small Circle Of Academicians And Policy Analysts Who Call Themselves Economists, Sound Economic Reasoning Benefits Any Manager Of A Business, Whether They Are Involved With Production/Operations, Marketing, Finance, Or Corporate Strategy. Along With Enhancing Decision Making, The Field Of Economics Provides A Common Language And Framework For Comprehending And Communicating Phenomena That Occur Within A Business, As Well As Between A Business And Its Environment. This Text Addresses The Core Of A Subject Commonly Called Managerial Economics, Which Is The Application Of Microeconomics To Business Decisions. Key Relationships Between Price, Quantity, Cost, Revenue, And Profit For An Individual Firm Are Presented In Form Of Simple Conceptual Models. The Text Includes Key Elements From The Economics Of Consumer Demand And The Economics Of Production. The Book Discusses Economic Motivations For Expanding A Business And Contributions From Economics For Improved Organization Of Large Firms. Market Price Quantity Equilibrium, Competitive Behavior, And The Role Of Market Structure On Market Equilibrium And Competition Are Addressed. Finally, The Text Considers Market Regulation In Terms Of The Generic Problems That Create The Need For Regulation And Possible Remedies For Those Problems. Although The Academic Literature Of Managerial Economics Often Employs Abstract Mathematics And Large Corporations Create And Use Sophisticated Mathematical Models That Apply Economics, This Book Focuses On Concepts, Terminology, And Principles, With Minimal Use Of Mathematics. The Reader Will Gain A Better Understanding Of Why Businesses And Markets Function As They Do And How Those Institutions Can Function Better.
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- Q: What is the page count of this book? A: This book has one hundred fifty pages. It provides a comprehensive overview of managerial economics concepts and principles.
- Q: What binding type is used for this book? A: The book is a paperback binding. This makes it lightweight and easy to handle for reading.
- Q: What are the dimensions of this book? A: The book measures six inches in length, zero point thirty-five inches in width, and nine point zero two inches in height. These dimensions make it a convenient size for various reading environments.
- Q: How can I apply the concepts from this book? A: You can use the concepts by integrating economic principles into your business decision making. The text focuses on practical applications relevant to managers across different functions.
- Q: Is this book suitable for beginners in economics? A: Yes, this book is suitable for beginners. It emphasizes concepts and principles with minimal mathematical complexity, making it accessible to those new to the subject.
- Q: What types of business decisions can I improve using this book? A: You can improve decisions related to production, marketing, finance, and corporate strategy. The book provides a framework for understanding various economic influences on business.
- Q: How should I care for this book? A: You should keep the book in a dry place and avoid exposure to direct sunlight. This will help preserve its quality and prevent wear and tear.
- Q: Is this book safe for all ages? A: Yes, the book is appropriate for all ages. It focuses on educational content and does not contain any adult themes.
- Q: What if the book arrives damaged? A: If the book arrives damaged, you should contact customer support for return instructions. Most retailers offer policies to resolve such issues.
- Q: Can I use this book as a textbook for a course? A: Yes, this book can be used as a textbook for courses in managerial economics. It covers essential topics that are often part of such curricula.
- Q: Does this book include examples of real-world applications? A: Yes, the book includes examples that demonstrate real-world applications of economic principles. This helps in understanding the relevance of theory to practice.
- Q: Are there any prerequisites for reading this book? A: No, there are no prerequisites for reading this book. It is designed for readers with varying levels of knowledge in economics.
- Q: What is the main focus of the content in this book? A: The main focus of the content is on applying microeconomic principles to business decisions. It emphasizes practical relevance over complex mathematics.
- Q: Is there a glossary or index in this book? A: Yes, the book includes an index to help readers locate topics easily. This feature enhances the usability of the text for study and reference.
- Q: Can I find this book in libraries? A: Yes, many libraries may carry this book in their collections. You can check with your local library or through library networks.