Baye’s Managerial Economics and Business Strategy remains the best-selling managerial economics textbook in which it continues to provide students with the tools from intermediate microeconomics, game theory, and industrial organization to make sound managerial decisions. Baye is known for its real-world examples, frontier research, inclusion of modern topics not found in other managerial books, as well as balanced coverage of traditional and modern microeconomic tools. The Seventh Edition retains all of the key signature features of previous editions and incorporates new features to enhance students’ learning experiences and make it easier to teach from the book. These include updated headlines, new and updated inside business applications, and new end-of-chapter material.
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About the Author
Michael Baye is the Bert Elwert Professor of Business Economics & Public Policy at Indiana University's Kelley School of Business. He received his B.S. in economics from Texas A&M University in 1980 and earned a Ph.D. in economics from Purdue University in 1983.
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Most Helpful Customer Reviews
18 of 20 people found the following review helpful:
5.0 out of 5 stars
Good Book,
By A Customer
This review is from: Managerial Economics and Business Strategy (Irwin Series in Undergraduate Accounting) (Hardcover)
This book provides an excellent background for learning applied managerial economics. Mr. Baye uses interesting real-world examples, which is difficult when writing about the entirely hypothetical world of micro-economics. I felt that the section on Game Theory was especially useful in explaining real world market paricipant behavior in pricing decisions. Overall, I would highly recommend this book for both students of economics, as well as those non-students seeking a weekend of light reading in the topic of economics.
3 of 3 people found the following review helpful:
2.0 out of 5 stars
Wrong Book...,
Amazon Verified Purchase(What's this?)
This review is from: Managerial Economics and Business Strategy (Kindle Edition)
I needed the 7th edition of this book, so when I saw that it was digital, I scooped it up. It was only after my instructor told me I was doing the wrong problems did I notice that the digital version is the 6th edition! There are significant changes between the 6th and 7th edition and I am now scrambling to get a book so I don't fail this class. This digital book should not be linked to the 7th edition textbook listing. Only matching editions should be linked.
5 of 6 people found the following review helpful:
4.0 out of 5 stars
A wonderful combination of theoretical economics and hands-on business strategies,
This review is from: MP MANAGE ECON BUS STRAT DISK (Paperback)
Used during my MBA studies at Pfeiffer University in Charlotte, North Carolina, the book was alwys helpful and provided me the necessary insights into the economical theory. I alredy learned the content back in Germany during my first business administration studies. Nevertheless, the American studies are more oriented towards the practical approach, so it provided me a good help to build the bridge between the economic theories, and the hands-on practical approach. We all sweated sometimes sitting over complicated formulas, but this book makes it easy to understand. A great help, as mentioned before. There is in the meantime a newer version on the market, but this one was fine for me, too. When you look for a good, solid help to understand the basics on how everything flows together, this book is a great resource!
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