Customer Reviews

Fundamentals of Managerial Economics (Dryden Press Series in Economics)

5 star:		(3)
4 star:		(4)
3 star:		(0)
2 star:		(0)
1 star:		(2)

 

 

I am using this text for a managerial economics class for MBA students. I selected this text because it includes chapters on statistics, linear programming and risk, which I am covering in the class. Unfortunately, it is filled with errors - typos, incorrect formulas, and misrepresentation of basic economic concepts, such as derived demand. Some of the typos and other mistakes make concepts very confusing for the students. I am extremely disappointed. I expected much better from a book that is the eighth edition. I do not understand how it went to print with so many mistakes. I have contacted the publisher. I will not be using this text again.

Managerial Economics, a good book for the management student with a simple theory and less numerical's.For knowledge this book is good ,only for the theory purpose but not for the one's who want to practise mathematical analysis.

When buying this book at amazon I thought might be it will not cover everything including chapters and problems but trust me I could locate everything that this book should cover.

Thanx to Amazon.

As an instructor of economics, I give high marks to Mark Hirschey in his compilation of a textbook designed for studying a subject integral for any student of business or administrative sciences. It is designed primarily for those who may not necessarily have a strong quantitative background but need to understand the fundamentals of decision making and its application of economic concepts. The study of management comes from economics in that a manager makes decisions to maximize the objectives of an organization by efficiently allocating limited resources given limited choices or alternatives. The means of efficiently utilizing resources form the basis for making sound economic decisions whether an individual is running a small business operation or directing the workings of a major corporation.

Hirschey provides excellent examples to support the concepts that he presents in each chapter. There are a total of 18 chapters along with appendices. Each chapter tries to relate both management and economic principles to the workings of a business entity and show what real world problems may impede the applications of theoretical concepts. The manager is both a decision maker and a risk taker, and each decision he/she makes has both short-run and long-run results. One need not have an extensive quantitative background to attempt to solve the problems that Hirschey presents at the end of each chapter.

Mark Hirschey has provided a clear and concise text for understanding the economic applications to decision making in the business world. It is not surprising that a number of academic institutions use this book as the standard text for their managerial economics classes both at the undergraduate and graduate levels. Teachers should find it suitable to use for enhancing the learning processes of future business and professional leaders with its numerous illustrations and examples of important concepts and its continuous references to contemporary issues.

I received the text book that I ordered within 3 days after ordering. It was personally surprising, because I didn't even select the "Rush-Order" option. =)

This book is a very useful tool for future managers as it describes the basic economic principles of Economics.

This company was quick to respond to problems and I find them reliable.

I ordered this product for my college class and never received it so I had to drop out and missed out on my financial aid to cover my bills. This was the worst experience I ever had. Now I have to reapply in January. I WILL NEVER ORDER TEXTBOOKS THROUGH AMAZON EVER AGAIN.

Hirschey described the beauty of managerial economics in a very faishonable way. The fundaments were placed in balanced way and its clear with upto the point information. I enjoyed reading this book more than a study material.