Managerial economics is the application of economic theory and quantitative methods (mathematics and statistics) to the managerial decision-making process. This book will appeal to students with limited prior training in economics and quantitative methods. It assumes that students will have had mathematics training at least through pre-calculus and that they have had a course in elementary statistics. It also expects students to have had an undergraduate course in intermediate microeconomics.brThe book includes these features:br* An Online Instructor’s Manualbr* An Online Study Guidebr* A problem-solving approach to the study of managerial economics that combines the features of a standard managerial economics textbook with those of a separate study guide.br* A method for helping business students develop the analytical skills necessary for success in the study of managerial economics, finance, and management.br* A more extensive review of mathematical techniques than most comparable textbooks.br* A separate chapter on game theory, including:br* Noncooperative, simultaneous-move, one- shot gamesbr* Cooperative, simultaneous-move, infinitely- repeated games (including collusions, cheating rules, and determinants of collusive agreements)br* Cooperative, simultaneous-move, finitely- repeated gamesbr* Focal-point equilibriabr* Multistage gamesbr* Bargaining with and without symmetric and asymmetric impatiencebr* A chapter on the time value of money and capital budgetingbr* The accentuation of risk, uncertainty, and the economics of information throughoutbrBook Hooks:br* Practice oriented, avoiding complex theoretical explanations withcumbersome notationbr* Problems are included in each section and are made integral to learning and understanding subjectsbr* Math review uses economic relationships instead of general notationbr* Excellent balance among motivation, theory, and examplesbr* Clear expositionbrKey Features:brEmphasi@7?(õà¾Û€