Managerial economics : concepts and principles /
By: Stengel, Donald N
Material type: BookSeries: Publisher: New York, NY : Business Expert Press, c2011.Description: 151 p. : ill. ; 24 cm.ISBN: 9781606492192Subject(s): Managerial economics | Economics of demand | Economics of the firm | Economics of organization | Economics of strategy | Market regulation | Market structureDDC classification: . Online resources: Location MapItem type | Home library | Call number | Status | Date due | Barcode | Item holds |
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REGULAR | University of Wollongong in Dubai Main Collection | 658.1511 DO MA (Browse shelf) | Available | T0043835 |
Includes bibliographical references and index.
Introduction to managerial economics -- Key measures and relationships -- Demand and pricing -- Cost and production -- Economics of organization -- Market equilibrium and the perfect competition model -- Firm competition and market structure -- Market regulation.
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 and 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.