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Microeconomics for Managers

Author

Listed:
  • McKenzie,Richard B.
  • Schansberg,D. Eric
  • Lee,Dwight R.

Abstract

This fully updated fourth edition explores microeconomic concepts, with a distinctive emphasis on 'the economic way of thinking' and its applicability to sharp managerial thinking, productivity, and good decision-making. It stands apart due to its strong focus on practical and applied knowledge from the business context and its unique structure (Part I of each chapter develops key economic principles; Part II draws on those principles to discuss organizational and incentive issues in management, focusing on solving the 'principal-agent' problem to maximize the profitability of the firm). There are plentiful real-life scenarios and provocative examples in each chapter. Accessible to MBA students, other graduate students and undergraduates, it is ideal as a core text for courses in Managerial Economics. Requiring an understanding of only basic algebra, this new edition is more concise with a wealth of online resources, including additional online chapters and an online appendix with more advanced mathematical applications.

Suggested Citation

  • McKenzie,Richard B. & Schansberg,D. Eric & Lee,Dwight R., 2024. "Microeconomics for Managers," Cambridge Books, Cambridge University Press, number 9781009354783.
    • Handle: RePEc:cup:cbooks:9781009354783
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