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Managerial economics

By: Material type: TextTextPublication details: Delhi; Pearson Education; 2003Edition: 4th edDescription: 672 pISBN:
  • 9798178085301
Subject(s): DDC classification:
  • 330.024 PET 4th ed.
Summary: MANAGERIAL ECONOMICS, Fourth Edition, has been thoroughly updated and revised to reflect the complex business environment within which today's managers make decisions. Painstaking actions have been taken to ensure the accuracy, currency, and relevancy of the new edition. Professors Petersen and Lewis provides students with a complete introduction to the basic principles of microeconomics while demonstrating how application of economic theory can improve management decision making. This approach involves first introducing the basic concepts of managerial economics and then using the princi ples to analyze decisions faced by managers. Numerous case studies and solved problems are included throughout the book to highlight the application of important principles. Key changes in the Fourth Edition include: increased emphasis on the maximization of shareholders value. new material on the principal-agent problem. a new section on managing risk, including insurance, diversification. and heading. new coverage of topics such as factor productivity, stages of production, and contestable markets. each of the eight sections in the text now conclude with an integrating case study problem. TOOLS software is available in a Windows format (downloadable from www.prenhall.com/petersen) and is tied to problems in the text. It contains routines for time value of money, multiple regression, statistics of a probability distribution, trend projection. input/output projections, linear programming, cost-benefit analysis and other quantitative techniques.
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Item type Current library Call number Status Date due Barcode Item holds
Books Books Gandhi Smriti Library 330.024 PET 4th ed. (Browse shelf(Opens below)) Available 87348
Total holds: 0

MANAGERIAL ECONOMICS, Fourth Edition, has been thoroughly updated and revised to reflect the complex business environment within which today's managers make decisions. Painstaking actions have been taken to ensure the accuracy, currency, and relevancy of the new edition. Professors Petersen and Lewis provides students with a complete introduction to the basic principles of microeconomics while demonstrating how application of economic theory can improve management decision making. This approach involves first introducing the basic concepts of managerial economics and then using the princi ples to analyze decisions faced by managers. Numerous case studies and solved problems are included throughout the book to highlight the application of important principles.

Key changes in the Fourth Edition include:

increased emphasis on the maximization of shareholders value.

new material on the principal-agent problem. a new section on managing risk, including insurance, diversification.

and heading. new coverage of topics such as factor productivity, stages of

production, and contestable markets. each of the eight sections in the text now conclude with an integrating case study problem.

TOOLS software is available in a Windows format (downloadable from www.prenhall.com/petersen) and is tied to problems in the text. It contains routines for time value of money, multiple regression, statistics of a probability distribution, trend projection. input/output projections, linear programming, cost-benefit analysis and other quantitative techniques.

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