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Microeconomics for MBAs The Economic Way of Thinking for Managers

ISBN-10: 1107139481

ISBN-13: 9781107139480

Edition: 3rd 2016 (Revised)

Authors: Richard B. McKenzie, Dwight R. Lee

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Description:

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.
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Book details

Edition: 3rd
Copyright year: 2016
Publisher: Cambridge University Press
Publication date: 7/18/2016
Binding: Hardcover
Pages: 640
Size: 7.50" wide x 10.00" long x 1.75" tall
Weight: 4.334
Language: English

Dwight R. Lee is Ramsey Professor of Economics and Enterprise in the Terry College of Business at the University of Georgia.