Managerial Economics in a Global Economy (Hardcover)

by Dominick Salvatore (Author)
Key Phrases: total market demand curve, arc income elasticity, minimization linear programming problem, United States, The Wall Street Journal, Business Week (more...)

Editorial Reviews

Product Description
Managerial Economics in a Global Economy, Sixth Edition, synthesizes economic theory, decision science, and various aspects of business administration studies, examining how they interact as a firm attempts to reach optimal profitability and efficiency in the face of constraints. It features 129 real-world case studies and six longer, detailed studies--more than any other text on the market. In addition, author Dominick Salvatore fully integrates material on the international ramifications of managerial decisions into the entire text, instead of segregating it in a separate chapter or in a few case studies.
The book is divided into five parts. Part One examines the nature and scope of managerial economics, presents the theory of the firm, and reviews optimization techniques. Part Two analyzes demand. Part Three presents the theory and measurement of the firm's production and costs. Part Four brings together demand analysis with production and cost analysis to show how price and output are determined under various forms of market organization. Part Five examines regulation and antitrust, the role of government in the economy, risk analysis, long-term investment decisions, and capital budgeting.
Managerial Economics in a Global Economy, Sixth Edition, is ideal for upper-level undergraduate and graduate courses in managerial economics.

About the Author

Dominick Salvatore is Professor of Economics and Business at Fordham University, Visiting Professor at the Vienna Economics and Business Administration University, and Honorary Professor at the Shanghai Finance University. He is president of the North American Economics and Finance Association, a former chairman of the New York Academy of Sciences, and a consultant to the Economic Policy Institute in Washington, the United Nations, and various multinational banks and corporations. He is the author, coauthor, or editor of forty-four books.

Product Details

• Hardcover: 672 pages
• Publisher: Oxford University Press, USA; 6 edition (October 27, 2006)
• Language: English
• ISBN-10: 0195307194
• ISBN-13: 978-0195307191
• Product Dimensions: 9.3 x 7.7 x 1.3 inches
• Shipping Weight: 2.8 pounds (View shipping rates and policies)
• Average Customer Review: 2.8 out of 5 stars See all reviews (4 customer reviews)
• Amazon.com Sales Rank: #280,305 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

1 of 1 people found the following review helpful:

1.0 out of 5 stars Math book wannabe, December 3, 2008

By	Roomba (USA) - See all my reviews

I had to get this book for a graduate level class. This book is poorly written. After reading it, I have to believe there is a better way to explain economics. If you do not have a foundation in calculus, you will have problems with the way the math is explained. There are appendix sections that attempt to explain derivatives and linear regression. I would suspect those without some higher math experience may have found this confusing. To make matters worse, the author kept changing some of the acronyms. If there is an 'industry standard' for terminology, I could not tell. From chapter to chapter, there seemed to be little continuity for the terminology. The graphs are very confusing and all of it is in black & white. Many of the definitions are written in language that did not define the term. Some terms were not defined at all only be an example.

Two pros: The information is current. Not as current as some internet information but decent. The 'Case' examples and studies are good. They are real-world examples of some applications of concepts.

Needed in the book:
Adding some color to highlight information may help.
Better examples of the mathematics.
More answers to understand the solutions.
Continuity for acronyms and terminology.
Simplify! The book makes it harder than it actually is. There is a lot of good information in the book. It is explained poorly.

1.0 out of 5 stars Confusing & Complicated, June 8, 2009

By	Jane Lane (NJ) - See all my reviews

It's probably a little silly to review a textbook which people are only going to buy because their professors require it. But on the off chance that you are just looking to learn managerial economics on your own, find another book!

There must be a better way to explain economic math- and equation-related concepts. Reading the paragraphs that attempt to explain the graphs is like learning a foreign language in that language. Terms are not well-defined. Equations are presented and described but not applied to problems well. The writing style of the whole book is convoluted. Just because a text is for a graduate class, doesn't mean it can't be concise and simple.

4.0 out of 5 stars this textbook has some useful content, December 22, 2008

By	smathi - See all my reviews

It covers a wide range of topics but does not go very deep. It has problems that are useful for practice and answers to selected ones, which is useful.