By James R. McGuigan Managerial Economics: Applications, by James R. McGuigan, R. Charles Moyer, Frederick H. deB.

By James R. McGuigan, R. Charles Moyer, Frederick H. deB. Harris

Filled with strong examples from genuine managers, MANAGERIAL ECONOMICS, 12e teaches you the way to imagine analytically -- and make higher enterprise judgements. Written via a pro and well-respected writer group, Managerial Economics equips readers with the industrial instruments to prevent analytic pitfalls and develop into more desirable managers. Drawing from greater than three hundred real-world purposes, the authors illustrate how genuine managers observe fiscal theories and strategies to resolve actual company difficulties. present, complete, and leading edge, this re-creation comprises broad insurance of the most recent analytical instruments in managerial economics, together with game-theoretic strategies, details economics, and organizational structure. It additionally bargains unheard of assurance of "green" companies and enterprise advancements making the most of environmentally-friendly practices and product wishes. The textual content caters to various studying kinds because it provides key analytical techniques in numerous methods, together with tabular research, graphical research, and algebraic research. scholars examine in a structure with which they're cozy, making tricky fabric extra obtainable and more straightforward to appreciate.

Show description

Read or Download By James R. McGuigan Managerial Economics: Applications, Strategy and Tactics (12th Edition) PDF

Best managerial books

CIMA Exam Practice Kit Financial Analysis, Second Edition

CIMA examination perform Kits consolidate studying by way of offering an in depth financial institution of perform questions. every one answer offers a detailed research of the right kind resolution and highlights why the choices are improper. CIMA examination perform Kits are perfect for scholars learning independently or attending a tutored revision direction.

Controlling Collaboration Between Firms: How to Build and Maintain Successful Relationships with External Partners, 1st Edition

As markets turn into more and more globalised and aggressive, many companies fight to prevail throughout all facets of commercial ventures. whereas a few corporations have the required assets in position, others are pressured to think about participating with different businesses. the aim of this e-book is to provide an explanation for the demanding situations that those new, collaborative types of corporation generate on the subject of how administration keep an eye on platforms and accounting info exchanges are practised and designed at an inter-organisational point.

Economics of Accounting: Performance Evaluation (Springer Series in Accounting Scholarship)

This booklet offers an built-in, technical exposition of key options in organization concept, with specific emphasis on analyses of the commercial results of the features of contractible functionality measures, akin to accounting reviews. It presents a succinct resource for studying the basics of the economics of incentives.

An Introduction to Accounting and Managerial Finance - A Merger of Equals

This e-book introduces company monetary administration, in line with the elemental capital budgeting framework and the time price of cash. It specializes in theoretical formulations and proper software of economic suggestions that might aid enhance managerial and fiscal judgements. according to basic ideas of accounting and finance like time worth of cash and after-tax funds flows, it introduces readers to real-world constraints and complexities within the fields.

Additional resources for By James R. McGuigan Managerial Economics: Applications, Strategy and Tactics (12th Edition)

Sample text

There is a sudden drop in the expected future rate of inflation. g. A new, labor-saving machine is purchased by Wonder Bread and results in the layoff of 300 employees. Case Exercises DESIGNING A MANAGERIAL INCENTIVES CONTRACT Specific Electric Co. asks you to implement a pay-for-performance incentive contract for its new CEO. The CEO can either work really hard with a personal opportunity cost of $200,000 in reduced personal entrepreneurship and increased stress-related health care costs or she can reduce her effort, thereby avoiding the personal costs.

8 percent of companies pursue the scenario planning and contingency analysis that underlies real option valuation. 4 percent of companies formally calculate the value of their embedded real options. That suggests an opportunity for recently trained managers to introduce these new techniques of capital budgeting to improve stockholder value. Southern Company found its embedded real option from fuel switching technology was worth more than $45 million. 14 Based on P. Ryan and G. ” Journal of Business and Management (Fall 2002).

In an effort to identify the share price that should trigger a bonus, the payment for the CEO, and maximize shareholder value, how much would you, the Compensation Committee, be willing to pay an auditor to examine the expense and revenue flows in real time and deliver perfect forecasting information about the “luck” the firm is experiencing? Compare shareholder value with this perfect information relative to the best choice among the cash bonus plans in Questions 2, 3, and 4. 6. Design a stock option-based incentive plan to elicit high effort.

Download PDF sample

Rated 4.79 of 5 – based on 42 votes