Microeconomics for MBAs

Microeconomics for MBAs

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Now in its third edition, this textbook develops the economic way of thinking through problems that MBA students will find relevant to their career goals. Theory and math is kept as simple as possible and illustrated with real-life scenarios. The textbook package includes online video tutorials on key concepts and complex arguments, and topics likely to be assessed in exams. The distinguished author team has developed this textbook over 20 years of teaching microeconomics to MBA students. Chapters are clearly structured to support learning: Part I of each chapter develops key economic principles. Part II draws on those principles to discuss organizational and incentive issues in management and focuses on solving the 'principal-agent' problem to maximize the profitability of the firm - lessons that can be applied to problems MBA students will face in the future. Economics and management are treated equally; this unique textbook presents economics as part of the everyday thinking of business people.Nationwide used-car dealers, such as CarMax, carefully scrutinize the used cars they buy, and offer extended warranties. ... thousand miles on them (an average of 3, 340 on the odometers) sold for practically the same as the Kelley Blue Book anbsp;...


Title:Microeconomics for MBAs
Author: Richard B. McKenzie, Dwight R. Lee
Publisher:Cambridge University Press - 2016-07-18
ISBN-13:

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