Business Economics

1997

Headline: Amcott Loses $3.5 Million; Manager Fired 1 Introduction 2 The Manager 3 Economics 3 Managerial Economics Defined 3 The Economics of Effective Management 4 Identify Goals and Constraints 4 Recognize the Nature and Importance of Profits 5 Economic versus ...

Compare and contrast business environments in 2 or more countries of your choice (one country should be your own). Evaluate how their business environment is influenced by government economic policy which may be identified through your application of economic theory. Critically evaluate your local economic business environment measured against your choice of a comparative international economic and business system. You should use any pictorial techniques which you feel are appropriate to illustrate and justify your evaluation, e.g. Graphs, charts, economic curve diagrams, etc. (60 Marks)

Managerial economics, meaning the application of economic methods in the managerial decision-making process, is a fundamental part of any business or management course. This textbook covers all the main aspects of managerial economics: the theory of the firm; demand theory and estimation; production and cost theory and estimation; market structure and pricing; game theory; investment analysis and government policy. It includes numerous and extensive case studies, as well as review questions and problem-solving sections at the end of each chapter. Nick Wilkinson adopts a user-friendly problem-solving approach which takes the reader in gradual steps from simple problems through increasingly difficult material to complex case studies, providing an understanding of how the relevant principles can be applied to real-life situations involving managerial decision-making. This book will be invaluable to business and economics students at both undergraduate and graduate levels who have a basic training in calculus and quantitative methods.

Human Resource Management