Book Description
This book is well known for its coverage of modern topics (Game theory, Economics of Information, and Behavioral Economics), clarity of its writing style and graphs, and integrated use of real world examples.
The emphasis on relevance and application to both managerial and public-policy decision-making are focused goals of the book. This emphasis is accomplished by including MANY extended examples that cover such topics as the analysis of demand, cost, and market efficiency; the design of pricing strategies; investment and production decisions; and public policy analysis.
Economists and strategists looking to stay current with economic information.
Customer Reviews:
great.......2007-08-25
book arrived a little late but it was due to post office damaging the package - not the sender's fault. book is in great condition, just as described. not the best econ text book ever but it's what I needed for my course.
Good book for Microecon.......2007-08-24
I used this in NYU's Stern School of business for a basic microeconomics course. It was good covering the basics.
Pindyck's textbook needs more solved problems.......2007-01-13
This text uses clearly-written definitions and lots of colorful charts. However, it is missing a crucial element for learning the subject of microeconomics: lots of problems worked out in a clear and systematic manner. I had to buy a Schaum's guide to make up for this deficiency.
Great book, AS AN INTRODUCTION.......2006-12-17
This book is truly a good book. It goes through all major areas of microeconomics in a very fathomable fashion. The point is that this book is introductory in my opinion, and when reviewed as such, I find it to be very good.
The illustrations and explanations are good, the use of examples and tying the theory to real-world occurences makes the subject matter easy to grasp.
The only gripe I have with this book is that it should indeed carry a little more calculus for precision. Having it in appendixes is actually a good idea in my opinion, but those should explain the math needed a little better, and the book itself should also explain a little more clearly that the approach of the book is a simplification of what they'll find in intermediate/advanced texts on the subject, math/calculus is unavoidable.
Anyway, if you have the time and find calculus to be a bit rough, use this book, it'll teach you the basics. If you already know som calculus and words like "Lagrange" doesn't scare the hell out of you, get something a bit more advanced, as you will need that later anyway. Frank Cowell's book on the subject is very much reccomended if you're good at the basics and know a little Microeconomic theory already.
EC 301 Intermediate Micro.......2006-03-22
Easy to read, at least more so than accounting. If you can afford it, buy it.
Book Description
Through five editions, Managerial Economics has been among the leading texts in the field. Maintaining its hallmark clarity, abundant use of real-world examples and cases, and strong coverage of international issues and technological change, the Sixth Edition has been rigorously updated and revised, adding six entirely new chapters and an innovative student Web site.
Customer Reviews:
Managerial Economics Text book.......2006-11-03
It was the text book of this course.
It's not really needed to buy it to catch up with this course,
but this book has good samples and cases to read.
hip business economics.......2006-05-16
This is not your average dry and boring managerial economics book. The writing is great, it covers all the major topics, and there are plenty of real life applications. THIS BOOK ROCKS.
A new age economics book.......2005-11-01
This book is leaps and bounds more impressive than most managerial economics books. The newest concepts in economics like auctions, moral hazard, sophisticated pricing and adverse selection are given full chapter treatments. Not only do the authors clearly explain these concepts, but they show how they are applied in the business world.
I was also impressed with their revised game theory chapter. Instead of the usual dry mathematical treatment, the chapter uses game theory to illustrate the importance of strategic principles. I found the chapter more helpful than any other treatment on game theory.
The authors are professors at The Wharton School and use the book in their class. I can see why Wharton is a top ranked business school. Their students definitely have an advantage in learning from this book.
Wharton Rules.......2005-09-08
My first reason to buy this book is that i always felt a lack of knoledge in general economics, than you must consider the autors. Its easy to read and interesting. Full of examples and written in a way that teach you.
For me its one of the best books i ever read.
I love it.
A significant improvement.......2005-03-14
I reviewed the 5th edition of this book and thought it was good. This sixth edition is significantly better and in my view is the top book in managerial economics. The authors are from the Wharton School of Business, one of the top ranked business schools in the world. They have designed the book to show the reader how to apply various concepts to real world applications.
In this edition, the authors have completely revised the chapters on pricing. The book covers both simple and sophisticated pricing models. The chapter on sophisticated pricing models (e.g., two part tariffs, bundling, price discrimination) is terrific and useful to both students and managers.
Other improvements include a brand new chapter on game theory and a new chapter on adverse selection. The chapter on game theory is well written and clearly illustrates important strategic principles. I tip my hat to the authors for providing the reader with a clear understanding of how the theory works and why it is important. The chapter on adverse selection is also well written.
I have looked at several books because I am trying to choose one for the course I teach. After reading this book I look no more. This is the best book for those who really want to understand how to use economics in the business world.
Book Description
This second edition of Microeconomics is filled with learning-by-doing problems that give students a chance to make economics their own. These fully worked-out problems provide a step-by-step road map to help students solve numerical problems. Each problem correlates to similar practice problems at the end of each chapter. In addition, the authors include many extensive real-world examples in the text. These examples are contemporary applications of the theory and are longer and more extensive to show the evolution of the example. Each chapter opens with an example to draw readers into the topic.
Customer Reviews:
Industry related, application oriented, no calculus required.......2007-06-22
I use this book to teach Intermediate Micro (although I can only cover the first 13 chapters in the book). The book is very decent (not perfect, but better than the others that I examined - actually, depends on the type of students, but if you are not in a community college or in a research school, this book is the closest to what it should be). Rigorous, clear, lots of industry related applications (not so for MBA students, though). I found that the Applications in the book are much better understood (and therefore useful) if you write questions about how the Applications are related to the theory. You also have to select which problems at the end of chapters your students should answer, since some of them are too theoretical or irrelevant.
fast shipment and a great price!.......2007-01-20
this book came fast and was exactly what I ordered, thank you!!!!
A good and practical Microeconomic book.......2006-11-02
I teach practical Game Theory for executives. This book its an excellent complementary material for the course.
Excellent and Comprehensive Introduction to Microeconomics!!!.......2005-10-09
If you are really into learning Microeconomics right form the start, this is the book for you...
Book Description
Mankiw's Principles of Economics textbooks continue to be the most popular and widely used text in the economics classroom. PRINCIPLES OF MICROECONOMICS, 4th Edition features a strong revision of content in all 22 chapters while maintaining the clear and accessible writing style that is the hallmark of the highly respected author. The 4th edition also features an expanded instructor's resource package designed to assist instructors in course planning and classroom presentation and full integration of content with Aplia, the leading online Economics education program. In the 4th edition Greg Mankiw has created a full educational program for students and instructors -- Experience Mankiw 4th edition. "I have tried to put myself in the position of someone seeing economics for the first time. My goal is to emphasize the material that students should and do find interesting about the study of the economy." - N. Gregory Mankiw.
Customer Reviews:
Micro Book.......2006-12-04
This was an awesome book although the instructor never used it, I am ready to sell it as like new if anyone is interested please contact me.
Feedback for textbook.......2006-11-05
Great Seller. Fast shipping and the textbook was as described. Thanks!
Easy to read. Easy to understand. Thorough........2006-07-19
I would have given it 5 stars if the price was lower, but that's what you get for text books these days. It was still cheaper than buying it at Berkeley's bookstore.
I found this book to be very informative and well written whith good flow and easy to understand examples. The author brings current events into the world of Microeconomics, and allows the reader to understand the underlying mechanism that drives the decisions we make. When used in conjunction with a class, or by itself, this book provides the novice with a thorough understanding of the principles of Microeconomics.
Book Description
According to Michael Panzner, the US is less than two years away from ""financial Armageddon."" When the stock market bubble burst in March 2000, the collapse that followed wiped out over two-thirds of the value of the technology-laden Nasdaq Index and decimated the hopes and dreams of millions of Americans.
Now, imagine not one, but four such disasters looming on the horizon. Four key elements--Debt, Derivatives, Government Guarantees, and the Retirement system--are quickly unraveling, and because they are so intricately connected, there will be an unremitting domino effect. With time running out, this is a disaster-in-the-making on which every American must be informed so they can protect themselves, their families, and their economic well-being before it's too late.
Customer Reviews:
A guidebook for the future.......2007-09-25
Like its topical namesake in the book of Revelation, Financial Armageddon describes tragic calamities at our doorstep. Given the recent developments in our economy, it has come time to talk about when and how the economic collapse will occur, not if.
In what may very well become a prophetic manual for the way our economy will collapse and touch every facet of our lives, Panzner's Financial Armageddon spells out in detail how he sees the fabric of our financial lives unraveling based on factors and circumstances beyond our control. The basic synopsis he offers is that "the United States will soon suffer the fallout of the live-for-today orgy of borrowing and extravagance that has already foisted an untenable economic and financial burden on future generations. (page 3)"
While Financial Armageddon might read as "doom and gloom" to some, it will be seen increasingly as a valuable asset - a guidebook for what may soon come - for those who wish to plan their financial future wisely and minimize risk. Those who desire to keep smelling roses and ignoring the signs of the times will be the first to suffer, for it is those who plan wisely and prepare for the future that are least impacted by external circumstances.
It is for those who desire to understand how our economy will likely unravel that Mr. Panzner has written Financial Armageddon. I suggest picking up a copy in an effort to understand what the future may very well hold.
Staring Into The Abyss.......2007-08-03
There is a memorable scene in Star Wars Episode V where Luke, unware of the worst possible outcome that awaits him, pledges to Yoda, "I am not afrad." Yoda, speaking with 900 years of aquired Jedi wisdom let's the untried and unproven and naïve Skywalker know in certain terms "You will be. You will be." Peter Schiff may not have 900 years on Wall Street but his Jedi skills are complete. He truly sees to other side. Peter takes the blissfully unaware investor by the neck and walks them right up to the edge of the cliff showing them the abyss below. And as Nietzsche said "When you stare into the abyss the abyss stares into you."
Schiff has aquired the title of doomsayer which is inapt. Few investment firms on Wall Street have made more money for their clients as Euro Pacific Captial and few industry analysts are as bullish on the overall global economy. It's the US economy where Schiff foretells financial armegeddon. And he doesn't wish for it. That is also untrue. He is simply telling you. It's real. It's coming. And it's inevitable.
Friday, August 3, 2007, 3:00 PM ECT. Jim Cramer has just appeared on CNBC proclaiming "Financial armageddon is here. THIS IS ARMAGEDDON."
Read the book. Buy it NOW on Amazon and have it overnighted to you. The situation is that dire and that urgent. Give it to all your friends and family to read. Take action before you lose your life savings, everything you own, and everything you ever dreamed of owning.
eyes WIDE open!.......2007-07-09
As I have always been gloom and doom in my outlook of this nation and my life has been spent preparing for one type of disaster or another (Y2K ect..) I can say that I've been proven wrong more than not. I do however believe in the the boy scout motto "BE PREPARED" and it has served me well. This book opens ones eyes to the smoke and mirrors that the Gov't,Big money, and the privately owned FED reserve try to serve up to an un-careing or un-informed populace and does so in a clear and understandable text. I implore anyone who want's another angle on our economy besides the Main Stream media to read this book. Hope for the best but be prepared for what this book outlines and you'll be a winner either way.
One of the better Doom + Gloom books.......2007-06-20
I like to read gloom and doom books. They are more fun reading than crime stories. I remember reading "Bankruptcy 1995" in the early 1990's - a book which predicted the bankrutcy of the United States in 1995. It was a scary reading in 1990, but as we know today, that prediction did not come true. In fact, the majority of all predictions about the future turn out to be wrong. It is not easy to predict the future correctly.
The book under review distinguishes itself from other books on this subject by its willingness to consider extremely dark scenarios in the future. Contrary to most other books, Panzner believes that the future will unfold via a debt deflation first followed by hyperinflation later on. He seriously believes that the Dollar will get more valuable in the future due to the Dollar scarcity caused by the accelerated repayment of debts.
The attempt to analyze the future in terms of inflation and deflation is in my opinion a case of old and obsolete financial thinking. The last major incidences of hyperinflation and deflation occured at least 70 years ago. Since then, the nature of money has changed completely. Today, money is essentially a piece of data in a computer system. Very little cash exists in the world in form of currency. Ben Bernanke is right by emphasizing that it is very easy to fight deflation: just mail to everybody credit card offers with 0% interest valid until the balance is paid off. (Such offers exist already today: 1.99% until the balance is paid off). Although Bernanke did not say it, it is equally easy for the government to fight hyperinflation. Since hyperinflation is characterized by extreme circulation velocities of money, what needs to be done in such a case is simply restrict people's access to their bank balances and credit cards to let's say $100 per day. That will dramatically increase the scarcity of Dollars which in turn will kill any emerging hyperinflation. All of that is easy to implement because money today is not tangible currency (like 60 years ago) but electronic bytes in computer memories. Computers are very powerful. That power can be utilized in order to control the flow of money and economic activity very efficiently.
If the future does not bring deflation nor hyperinflation, how will the future unfold? I believe, in the future we will not run out of money. Instead, we will run out of resources. For instance, gasoline may not be avaiable all the time. Electricity may not be avaiable 24 hours a day (blackouts). Water may not be avaiable 24 hours a day. Certain types of foods may become scarce. I believe that these things are going to happen first before any serious financial crash will occur. More effort is being spent on securing the financial system than money is being spent in securing essential resources for the future. In other words, the future will unfold pretty much in the direction of what happened in the Soviet Union before it collapsed. Everybody had a job and plenty of money. The money had great purchasing power, but unfortunately stores were empty most of the time, that is, money could be not be exchanged against consumer goods all the time. Certain essential things could not be obtained in stores, but on the black market only in form of barter (supplemented by money and alcohol as a form of payment). A development like this would be the logical conclusion of monetary policies started by Roosevelt in the 1930's.
One last remark: Every doom and gloom book should commit itself to stating a date by which the author admits that his predictions were wrong. For instance, if you predict bankruptcy of the United States, please also state a date by which such an event is going to happen at the latest. It does not make sense to predict the bankruptcy of the US 100 years from today. Such a prediction is totally worthless. If no date is specified by which the prediction is going to happen at the latest, there are no means to falsify the intellectual efforts of the author. In such a case, the prediction has only entertainment value.
Written in plain terms, and notable for its painstakingly clear definitions .......2007-06-17
Written by New York Institute of Finance faculty member Michael J. Panzer, Financial Armageddon: Protecting Your Future From Four Impending Catastrophes is a dire warning of the four most severe financial risks confronting Americans today. Private and public debt has been climbing to record levels; the aging population is putting so much pressure on Social Security that eventually retirement will be simply a hopeless mirage; systemic overindulgence in "hedge funds" and other house-of-cards derivatives that depend on assets losing their value to make a profit place negative pressures on the economy. Financial Armageddon does not pull punches in its warnings of doom and gloom, and what raw economic realities can potentially inflict upon Americans everywhere, yet its greatest asset is its solidly practical advice for preparing for the worst. From the importance of prioritizing maintenance investitures over acquisitional investitures (skipping the regular tune-up of a car is more likely to cause more expense further down the line) to knowing when to spend and when to hold off (it's valuable to buy up tangible and practical commodities such as nonperishable food when the threat of hyperinflation reigns, but not when prices are falling), to the singularly invaluable sentiment of "Trust but verify" - the importance of utilizing the internet to thoroughly check out the credentials and track records of any individual or institution with whom one is considering a financial relationship. Written in plain terms, and notable for its painstakingly clear definitions of terms like "derivatives" that cause many a lay reader's eyes to glaze over, "Financial Armageddon" is a must-read for anyone in the unfortunate modern era of ballooning fiscal irresponsibility, not to mention outright swindles. Highly recommended.
Customer Reviews:
Probably great, but excerpt from larger book.......2006-11-20
This is probably a very, very good book. However, it turns out that this is simply one-half of the authors' book "Economics" and, currently, the complete book seems to sell for about the same price as this one piece of it! So, be economical -- buy "Economics" instead.
Book Description
Baye’s Managerial Economics and Business Strategy has become the best-selling managerial economics textbook. It was the first textbook to blend tools from intermediate microeconomics, game theory, and industrial organization for a managerial economics text. Baye is known for its balanced coverage of traditional and modern topics, and the Fifth Edition continues to offer the diverse managerial economics marketplace a flexible and up-to-date textbook. Baye offers coverage of both the basic concepts of managerial economics as well as frontier research in his chapter on advanced topics. The Fifth Edition also offers a detailed, real-world case study that explains how book theory translates into action in the business world. And the Data CD that comes with each book also contains eight “mini cases” that cover such high-profile businesses as Microsoft, Visa, and Staples.
Customer Reviews:
Excellent Economics Text.......2007-06-27
Clearly and concisely written economics textbook, with pertinent examples. An easy read as far as textbooks go. The CD is supplementary... powerpoint charts of the chapters are helpful, but not great. Better off just reading the text.
The best managerial economics book.......2005-11-18
Professor Baye's new edition is also one of the best economics book. This book can satisfy not only entry level reader but also more academic reader.
Customer Reviews:
The very best pricing manual.......2007-09-23
I bought a second copy of this book after loaning it to too many people to know who had had it last.
The book is not light reading, is highly technical and has more than a little math to comprehend. But, it is worth it.
The strategic thinking is very focused.
If you are stuck on how to price your product or how to combat price competition, read this book.
Looking for guidance/framework on how to price our products ..........2007-03-08
We have the challenge of taking new products and services to the marketplace and really were looking form some guidance on a place to start. The area we are working in is really developing a new market as well. So we were wondering "What Price do we place on these product and services?"
We could not afford the experts on pricing (aka Strategic Pricing Group now part of The Monitor Group). And were looking for a place to start. All research including reviews from Amazon pointed us to start with this book. To myself and our endeavor, it the first 3 weeks of owning the book, I have read several chapters multiple times and the foundation framework on pricing is shares has already proven to be worth many times the price of the book.
On top of it, it is easy to read. Thanks to the people who took the time to make this book.
Great Book.......2007-02-18
This book is a great guide to the topic of pricing. I'm an MBA student and I believe students as well as professionals can benefit from reading this book. It contains structures and frameworks to work out a tailored pricing strategy and they all make sense. Lots of good examples from business practice illustrate the application of the theories.
The book is relatively quantitative for a marketing book, which I find great because there is no argumentation based on psychology and belief, but on quantifiable parameters - one can see the consulting practice of the authors.
What the book pretty much lacks is a citing of new academic research studies of the topics discussed. There are extensive references, however.
All in all a great book to newcomers in pricing as well as experienced pricers.
Excellant........2007-02-11
This is one of the best books in pricing. My Pricing professor recommended that I buy this and said that marketing managers regularly refer to this book in practice. This is a great buy.
The Strategy and Tactics of Pricing: A Guide to Growing More Profitably (4th Edition) .......2007-02-06
Worth buying it. Good and useful material.
Book Description
This very successful textbook is distinguished by a superior writing style that draws upon common reader experiences to introduce economic concepts, making economic theory more accessible and interesting. "Case Studies" and numerous examples take advantage of readers' intuitive knowledge of economics, building upon real-life situations. A streamlined design places pedagogy and illustrations directly within the flow of the text, making them less distracting and more useful for readers. A fully integrated program of technology enhancements sets this text apart by pairing the book with numerous online multimedia learning tools that have been developed to help the text better serve a wide range of learning styles. The text uniquely integrates classroom use of The Wall Street Journal by including in-text pedagogy to help readers learn to analyze the latest economic events as reported in the Journal.
Customer Reviews:
This is not what I wanted.......2007-02-19
I thought I was ordering the text for my micro econ course.. When I actually received the it, it was a condensed version of the text "To accompany the text," that's weak sauce. It's more than likely that it was my fault for not noticing, but it should be more obvious that this is not the text.
Great!.......2007-01-16
I recieved the book a couple days after I ordered it and it was in perfect condition! I am very happy with my purchase!!!
Fast service..........2007-01-03
I pick a next day delivery for this product and yes i received it on time... it arrived around 11 the next day and the product was great asset to my economic studies...
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