Fundamentals of managerial economics

Part 1 of ebook "Managerial economics: A mathematical approach" provides readers with contents including: methodological preliminaries; qualitative fundamentals; quantitative fundamentals; decisions at the consumer level; theory of consumer choice; consumer demand;...

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After completing this chapter, students will be able to: Extend the analysis of trade beyond the traditional static models of international trade and analyze the relationship between international trade and economic growth; show how the power of compounding makes international trade’s effect on economic growth much more important for human welfare than the static gains in welfare;...

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After studying this chapter you will be able to: Use historical examples to illustrate how economic, social, and political factors determine trade policies; relate historical trends in trade policies to changes in economic, social, and political factors; show that there is no clear historical trend towards free trade; periods of free trade have been followed by periods of restricted trade, and vice versa;...

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Ebook Managerial economics and business strategy (Seventh edition): Part 1 presents the following content: Chapter one: the fundamentals of managerial economics; chapter two: market forces: demand and supply; chapter three: quantitative demand analysis; chapter four: the theory of individual behavior; chapter five: the production process and costs; chapter six: the organization of the firm; chapter seven: the nature of industry; chapter eight: managing in competitive, monopolistic, and monopolistically competitive markets.

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Ebook Mathematics for economics and business (Fifth edition): Part 1 presents the following content: Chapter one: The fundamentals of managerial economics; chapter two: market forces: demand and supply; chapter three: quantitative demand analysis; chapter four: the theory of individual behavior; chapter five: the production process and costs; chapter six: the organization of the firm; chapter seven: the nature of industry; chapter eight: managing in competitive, monopolistic, and monopolistically competitive markets.

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Part 1 of ebook "Manufacturing systems engineering: A unified approach to manufacturing technology, production management, and industrial economics" provide readers with content about: essentials of manufacturing systems; process systems for manufacturing; management systems for manufacturing; managerial information flow in manufacturing systems; aggregate production planning;...

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Lecture Managerial Economics and Business Strategy - Chapter 1: The Fundamentals of Managerial Economics. After studying this section will help you understand: the economics of effective management, identify goals and constraints, recognize the role of profits, five forces model,...

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In this chapter introduction, basic principles and methodology of Managerial Economics. The contents of this chapter include all of the following: Identify problems and opportunities, analyzing alternatives from which choices can be made, making choices that are best from the standpoint of the firm or organization.

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This chapter provides knowledge of demand. The contents of this chapter include all of the following: General demand function, direct demand function, inverse demand function, demand curve function, demand schedule, graphing demand curves,...

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This chapter provides knowledge of supply. The contents of this chapter include all of the following: General supply function, direct supply function, inverse supply function, graphing supply curves, three supply functions, market equilibrium, ceiling & floor prices,...

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This chapter provides knowledge of the theory of individual behavior. The contents of this chapter include all of the following: Consumer behavior, indifference curve analysis, consumer preference ordering, constraints, the budget constraint, changes in income, changes in prices, consumer equilibrium, indifference curve analysis & demand curves, individual demand, market demand.

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An entrepreneur must put together resources: land, labour, capital - and produce. A product people will be willing and able to purchase. In this chapter provides knowledge of production.

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Chapter 12 - Monopoly. The contents of this chapter include all of the following: After studying this chapter, you will able to Explain how monopoly arises and distinguish between single-price monopoly and price-discriminating monopoly, explain how a single-price monopoly determines its output and price, compare the performance and efficiency of single-price monopoly and competition,...

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Students have no difficulty seeing oligopoly in the world around them. Again, emphasize that the work they’ve just done understanding the models of perfect competition and monopoly are not wasted because the real-world situation of oligopoly can be better understood by building on some of the features of competition and monopoly. Again, some of what they learned in each of the two previous chapters survives and operates in oligopoly. This chapter is written in self-contained sections so that you can skip either approach.

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This chapter provides knowledge of quantitative demand analysis. The contents of this chapter include all of the following: The elasticity concept, own price elasticity, elasticity and total revenue, cross-price elasticity, income elasticity, demand functions, linear, log-linear, regression analysis.

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This chapter provides knowledge of demand estimation & forecasting. The contents of this chapter include all of the following: Direct methods of demand estimation, empirical demand functions, nonlinear empirical demand specification, demand for a price-setter, time-series forecasts,...

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This chapter provides knowledge of costs of production. The contents of this chapter include all of the following: The economic concept of cost and profit, fixed and sunk cost, profit maximization with limited capacity, the cost of production, long run cost, economies of scale, economies of scope, the learning curve, cost analysis and optimal decisions.

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Chapter 10 - Perfect competition. After studying this chapter, you will able to: Define perfect competition, explain how price and output are determined in perfect competition, explain why firms sometimes shut down temporarily and lay off workers,...

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This chapter provides knowledge of the firm’s decisions in perfect competition. The contents of this chapter include all of the following: The firm’s decisions in perfect competition; output, price, and profit in perfect competition; perfect competition (long run); changing tastes and advancing technology;...

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Chapter 14 - Monopolistic competition. After studying this chapter, you will able to: Define and identify monopolistic competition, explain how output and price are determined in a monopolistically competitive industry, explain why advertising costs are high in a monopolistically competitive industry.

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