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Managerial Economics & Business Strategy 7th Edition

3.8 out of 5 stars 26 customer reviews
ISBN-13: 978-0073375960
ISBN-10: 0073375969
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Editorial Reviews

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. --This text refers to an out of print or unavailable edition of this title.
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Product Details

  • Hardcover: 656 pages
  • Publisher: McGraw-Hill/Irwin; 7 edition (October 1, 2009)
  • Language: English
  • ISBN-10: 0073375969
  • ISBN-13: 978-0073375960
  • Product Dimensions: 7.6 x 1.2 x 10.1 inches
  • Shipping Weight: 2.2 pounds
  • Average Customer Review: 3.8 out of 5 stars  See all reviews (26 customer reviews)
  • Amazon Best Sellers Rank: #135,031 in Books (See Top 100 in Books)

Customer Reviews

Top Customer Reviews

Format: Hardcover Verified Purchase
This was a required textbook for my Applied Business Economics class in my university. I will say that the book does a good job giving students examples with the book and showing how the answer was found. However, there was a shortage of practice problems for the students to work through the book. This is one of the most useful ways I learn so to have such few problems to work through proved a hindrance to me. One thing I found confusing were the "real business world" scenarios that were given in the beginning of each chapter. Their purpose was to show how what was covered in the chapter would help in that kind of scenario. This was a nice idea that I was excited about, but the more chapters I went through the less I felt this situations really had to do with the lessons. They're interesting but didn't really help the lesson stick in my mind. This book is straight forward and a helpful tool when learning economics, but I didn't learn as easily as I would have liked from it because of the previously two mentioned issues.
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Format: Hardcover Verified Purchase
Baye may try to remain current with new editions but, otherwise, I'm not impressed.

The book can use some more "real world" case studies that aren't more than a half a page as chapter introductions and a half dozen or so topics on the book's website.

Chapters only skim over topics, rarely link the topic back to a company application that the reader may be familiar with, and, in reality, the strategy part referred to in the title is missing.

I see little research outside of the material that has been parroted from other versions of this text or similar work by other authors. Examples on how to calculate something does not equal strategy; defining what to do after collecting information is strategy and then implementing it is called execution. Perhaps Mr. Baye can read up on Jim Collins, Ram Charan, and other people who do research on corporations and maybe even include actual quotes and examples of decisions made by managers using the topics in this book? After all, managerial economics is supposed to aide people in analyzing data and making decisions.

Number one managerial economics text? I don't see why.
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Format: Paperback
This is extremely well written book, the discussion is formal but not dry, the layout of the chapters helps see the details without losing the chapter overall plan. As many have noticed, it facilitate understanding that makes you 'forget' how torturous it could have been with lesser adroit hands. One particular feature of this book is that it doesn't dally unnecessarily cutting a 100 pages or so from reading time.
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Format: Hardcover Verified Purchase
This book is a great option for serious students of business strategy and economics. It is well constructed, easy to navigate, and clear. It does presume that the reader has a basic grasp of algebra and maybe some calculus. The only disappointment is that this book does come in a Kindle edition.
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Format: Hardcover Verified Purchase
The information in the text is fine and easy enough to follow, although the writing isn't particularly good. I do like the case studies that frame each chapter.

To me the real weakness are the questions at the end of the chapters. They aren't very clear or precise. I often preface my answers with, "I assume that they mean / want / are asking . . ."
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By Meredith on February 8, 2013
Format: Paperback Verified Purchase
Be aware that this is the international edition. It appears that it is the same book as the American edition, but if you are a stickler for things like that you may want to get a different copy.
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Format: Hardcover Verified Purchase
very well written basic microeconomics book. all the theories are well explained with supporting examples. I used this book as a textbook for my mba economic decision making class (depaul eco 555).
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Format: Hardcover Verified Purchase
The book is good, but some parts of it could be outdated relatively soon. Overall, it has useful concepts that could help most aspiring business people.
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