Book description
Uncertainty is present in every managerial decision, and
Managerial Economics: A Mathematical Approach
effectively demonstrates the application of higher-level statistical
tools to inform and clarify the logic of problem solving in a managerial
environment.
While illuminating managerial decision-making from all
possible angles, this book equips readers with the tools and skills
needed to recognize and address uncertainty. The book also explores
individual, firm, and market-level decisions; discusses all possible
risks and uncertainties encountered in the decision-making process;
and prepares readers to deal with both epistemic and aleatory
uncertainty in managerial decisions. Managerial Economics features:
• An emphasis on practical application through real-life examples and problems
• An accessible writing style that presents technical theories in a
user-friendly way
• A mathematical and statistical point of view that reveals the
presence of uncertainty inherent in managerial decisions
• Thoroughly class-tested material including problems at the end of
each chapter, case study questions, review exercises, and objectives
that summarize the main discussions
Managerial Economics is an excellent book for
upper-undergraduate and graduate-level courses in business and
economics departments. The book is also an ideal reference and
resource for managers, decision makers, market analysts, and
researchers who require information about the theoretical and
quantitative aspects of the topic.
M. J. ALHABEEB, PhD, is Professor of Economics and Finance in
the Department of Resource Economics at the University of
Massachusetts, Amherst. Dr. Alhabeeb has been teaching finance and
economics for over thirty years and is a recipient of the Academy of
Educational Leadership's Outstanding Teaching Award for Innovative and
Creative Teaching.
L. JOE MOFFITT, PhD, is Professor in the Department of Resource
Economics at the University of Massachusetts, Amherst. The author of
over fifty journal articles, Dr. Moffitt received his PhD.
