Looking for guide and assistance in Managerial Economics?

Question

Is there anyone on the net, is prepared to help me with regard to Managerial economics. Firstly I like a suitable textbook, easy to follow and understand with examples that someone could recommend. Secondly I need know someone who is familiar with this subject who is a Ph.D student or Masters student who is prepared to help tutor me via net for a limited duration on voluntary basis. I sincerely hope someone can help me. Thank You.

Answer 1

Managerial economics :

Managerial economics (also called business economics), is a branch of economics that applies microeconomic analysis to specific business decisions. As such, it bridges economic theory and economics in practice. It draws heavily from quantitative techniques such as regression analysis and correlation, Lagrangian calculus (linear). If there is a unifying theme that runs through most of managerial economics it is the attempt to optimize business decisions given the firm's objectives and given constraints imposed by scarcity, for example through the use of operations research and programming.

Almost any business decision can be analyzed with managerial economics techniques, but it is most commonly applied to:

    * Risk analysis - various uncertainty models, decision rules, and risk quantification techniques are used to assess the riskiness of a decision.

    * Production analysis - microeconomic techniques are used to analyse production efficiency, optimum factor allocation, costs, economies of scale and to estimate the firm's cost function.

    * Pricing analysis - microeconomic techniques are used to analyse various pricing decisions including transfer pricing, joint product pricing, price discrimination, price elasticity estimations, and choosing the optimum pricing method.

    * Capital budgeting - Investment theory is used to examine a firm's capital purchasing decisions.

At universities, the subject is taught primarily to advanced undergrads. It is approached as an integration subject. That is, it integrates many concepts from a wide variety of prerequisite courses. In many countries it is possible to read for a degree in Business Economics which often covers managerial economics, financial economics, game theory, business forecasting and industrial economics.

Books :

Managerial economics by EJ Douglas - 1992 - Prentice Hall Publications

Microeconomics: A Modern Approach, 1st Edition by  Andrew Schotter

Macroeconomics: A Modern Approach, 1st Edition by Robert J. Barro

Fundamentals of Managerial Economics, 9th Edition by  Mark Hirschey

For more Books and details ....see the link...

http://www.duxbury.com/cengage/catalog.d...