and the explanation. Russian speakers are directed to one entrance while English speakers are directed to the other.
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Managerial Economics: A Problem Solving Approach, 3rd ed.
We wrote a managerial economics textbook (Amazon, Barnes & Noble, Cengage) to teach students how to solve business problems (7 min. video). We started this blog to support those who use the book, and to keep up with developments in the field.
Order the 3rd Edition or bundled with either CourseMate (Cengage's companion website) or the MBA Primer from
MBA professors
Entries Related to Book Chapters
- 01. Introduction: What this book is about (64)
- 02: The One Lesson of Business (230)
- 03. Benefits; costs and decisions (58)
- 04: Extent (how much) Decisions (33)
- 05. Investment decisions: Look ahead and reason back (64)
- 06. Simple pricing (46)
- 07: Economies of Scale and Scope (15)
- 08: Understanding Market and Industry Changes (117)
- 09. Long-run equilibrium (62)
- 10. Strategy-the quest to slow profit erosion (112)
- 11. Supply and demand: Trade bubbles market making (60)
- 12. More realistic and complex pricing (35)
- 13. Direct price discrimination (24)
- 14. Indirect price discrimination (34)
- 15. Strategic games (68)
- 16. Bargaining (45)
- 17. Making decisions with uncertainty (83)
- 18. Auctions (22)
- 19: The Problem of Adverse Selection (70)
- 20 : The Problem of Moral Hazard (113)
- 21: Getting employees to work in the firm’s best interests (78)
- 22: Getting divisions to work in the firm’s best interests (18)
- 23. Managing vertical relationships (73)
- Humor (5)
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