Muutke küpsiste eelistusi

Managerial Economics [Pehme köide]

(ABV-Indian Institute of Information Technology & Management India),
  • Formaat: Paperback / softback, 495 pages, Figures
  • Ilmumisaeg: 25-Mar-2010
  • Kirjastus: Global Professional Publishing Ltd
  • ISBN-10: 1906403392
  • ISBN-13: 9781906403393
Teised raamatud teemal:
  • Formaat: Paperback / softback, 495 pages, Figures
  • Ilmumisaeg: 25-Mar-2010
  • Kirjastus: Global Professional Publishing Ltd
  • ISBN-10: 1906403392
  • ISBN-13: 9781906403393
Teised raamatud teemal:
Part - I
The Economic Nature of Decision Making
18(20)
The Nature of the Firm
4(1)
The Variety of Managerial Settings in a Modern Firm
5(1)
Strategic and Tactical Decision-Making
6(2)
The Nature of the Decision Problem
8(1)
Dimensions of the Decision Problem
8(7)
Multiple Goals
8(1)
Multiple Strategies
8(1)
Marginal Changes
9(1)
Multiple Outcomes
9(2)
Risk
11(3)
Imperfect Knowledge
14(1)
The Time Dimension
15(1)
Entrepreneurial Decisions
15(1)
What's Ahead
15(1)
Summary of Important Points
16(1)
Significant Terms
17(21)
The Goals of the Firm
38(14)
The Role of Modelling in Economic Analysis
19(1)
Eras of Managerial Behaviour Patterns
20(2)
Alternative Premises
22(3)
Choosing a Behavioural Premise
25(1)
Profit in the Short and Long Runs
26(1)
An Object of Pursuit or an Indicator of Success
27(1)
Summary of Important Points
28(1)
Significant Terms
29(1)
Questions for Discussion
29(1)
Appendix 2.1
30(6)
Economic Method and Modelling
30(1)
Understanding Economic Behaviour
30(1)
Model Method
31(1)
Modern Modelling Procedures
32(3)
Review
35(1)
Appendix 2.2
36(16)
Managing for Quality Rather than Profitability
36(16)
The Analysis of Value and Risk
52(30)
The Remoteness of the Long Run
39(1)
A Marginal Decision Criterion for the Long Run
40(2)
Attitudes Towards Risk
42(1)
Marginal Utility and Risk
43(3)
Means of Dealing with Risk
46(2)
Allowing for anticipated Inflation
48(1)
Decision Making Under Uncertainty
49(1)
What's Ahead
49(1)
Summary of Important Points
50(1)
Significant Terms
50(1)
Questions for Discussion
50(32)
Maximization and Optimization
82(20)
A Revolution in Thought
53(1)
The Applicability of Marginal Analysis
54(1)
The Marginal in Managerial Decision Making
55(2)
Calculus and the Marginal
57(2)
The Marginal as Decision Criterion
59(4)
Multiple Independent Variables
63(3)
Multiple Goals and Optimization
66(3)
Optimization Using the Calculus
66(3)
Optimization by Linear programming
69(1)
What's Ahead
70(1)
Summary of Important Points
70(1)
Significant Terms
71(1)
Questions for Discussion
72(1)
Problems
72(2)
Appendix 4.1
74(7)
Linear Programming
74(1)
The Simplex Method
74(1)
Variables, Equations, and Inequalities
74(1)
A Linear Programming Computer Programme
75(1)
Graphic Illustration
76(2)
Qualifications
78(1)
The Dual Linear Programming Problem
79(1)
An Example
80(1)
Appendix 4.2
81(21)
Differentiation Rules
81(21)
Modelling the Decision Context
102(28)
Estimating a Model by Regression Analysis
84(1)
Simple Regression Models
84(3)
Multiple Regression Models
87(1)
Non-Linear Regression Models
87(2)
Multiplicative Models
89(1)
Inferences about the Regression Model
90(1)
The Existence and Strength of the Relationship
90(2)
The Significance of the Coefficients of the Independent Variables
92(1)
Problems with the Multiple Regression Context
93(2)
Multicollinearity
93(1)
Autocorrelation
94(1)
Heteroskedasticity
95(1)
An Application
95(1)
Summary of Important Points
95(4)
Significant Terms
99(1)
Questions for Discussion
100(1)
Appendix 5.1
101(29)
Simulation Modelling
101(29)
Consumer Behaviour and Demand
130(24)
Consumer Behaviour
104(3)
The Theory of Demand
107(1)
Demand Curves and Demand Surfaces
108(4)
VRML 3-D View
112(7)
Normal and Inferior Goods
113(1)
Substitutes and Complements
114(1)
Demand and Revenue
114(5)
What's Ahead
119(1)
Summary of Important Points
119(1)
Significant Terms
120(1)
Questions for Discussion
121(1)
Appendix 6.1
122(32)
Preference and Indifference
122(1)
The Horizontal Slice
122(1)
The Indifference Curve Map
123(2)
The Marginal Rate of Substitution
125(1)
The Consumer's Budget
126(1)
The Optimal Combination of Goods
127(1)
Substitution and Income Effects
128(26)
Elasticity and Demand Specification
154(1)
Revenue and Elasticity
131(4)
Elasticity Formulae
135(1)
Elasticity and Other Demand Determinants
136(2)
The empirical Estimation of Demand
138(2)
Specification Errors and the Identification Problem
140(2)
The Identification Problem and Demand Elasticity
142(1)
Conclusion
143(1)
Summary of Important Points
143(1)
Significant Terms
144(1)
Questions for Discussion
145(1)
Appendix 7.1
146(5)
The Economic Tasks of Marketing
146(9)
Appendix 7.2
151(4)
Production in the Short Run
155(2)
Production is the Central Function of the Enterprise
155(41)
Varieties of Production Activity
155(1)
Organizing Production
156(1)
Managerial Problems in the Production Process
156(1)
Production Principles
157(1)
The Relevant Questions
157(1)
The Production Function
157(1)
The Production Surface
158(2)
The Long and Short-Run Time Frames
160(1)
The Vertical Slice Approach
160(1)
The Vertical Slice
161(1)
The Governing Principle
162(1)
Total, Average and Marginal Products
163(3)
The Productivities of Other Inputs
166(1)
The Stages of Production
166(3)
The Equamarginal Priciple
169(1)
Cost Minimization vs. Profit Maximization
169(3)
What's Ahead
172(1)
Summary of Important Points
172(2)
Significant Terms
174(1)
Questions for Discussion
174(2)
Appendix 8.1
176(20)
The Horizontal-Slice Approach
176(1)
The Horizontal Slice
176(1)
The Isoquant Map
177(2)
The Marginal Rate of Technical Substitution
179(1)
The Capital Outlay Budget
180(1)
The Optimal Resourc Allocation Criterion
180(2)
The Eqamarginal Principle
182(1)
Stages of Production in Isoquant Analysis
183(1)
Extensions of Isoquant Analysis
183(13)
Production in the Long Run
196(20)
The Long-and Short-Run Time Frames
185(1)
Variable Proportions and Returns to Scale
186(1)
A Constant Capital-Labour Ratio
186(1)
Returns to Scale
187(1)
Scale and the Production Function
188(1)
Changes in Technology, Entrepreneurship, Managerial Capacity
189(2)
The Empirical Estimation of Production Functions
191(2)
Managing Production
193(1)
Summary of Important Points
193(1)
Significant Terms
194(1)
Questions for Discussion
194(22)
Costs in the Short Run
216(16)
The Inevitability of Costs
197(1)
Relevant Cost
198(3)
Implicit Costs
199(1)
Explicit Costs
199(2)
Variable and Fixed Costs
201(1)
The Short and the Long Run
201(1)
Temporal Mismatching of Production and Costs
201(1)
Spill-over Costs
202(1)
Economic Profit
202(1)
The Cost-Production Nexus
203(1)
The Transition from the Production Function to the Cost Function
203(2)
Dropping the Assumptions
205(1)
The Law of Increasing Costs
206(1)
Average Variable Cost
207(1)
Marginal Cost
207(1)
Relationships among Total, Average and Marginal Cost
208(1)
Relationships between Cost Functions and Product Functions
209(1)
Overhead Costs in the Short-Run
209(2)
What's Ahead
211(1)
Summary of Important Points
211(2)
Significant Terms
213(1)
Questions for Discussion
214(18)
Costs in the Long Run
232(20)
The Short and the Long Run
218(1)
Overhead Costs
218(1)
Costs in the Long Run
218(2)
The Long Run Average Cost Curve
220(3)
Mathematical Specification and Empirical Estimation of Cost Functions
223(4)
Data Requirements
227(2)
Relevant Costs
227(1)
Identification of Output
228(1)
Selection of an Appropriate Time Period
228(1)
The Management of Costs
229(1)
Summary of Important Points
230(1)
Significant Terms
231(1)
Questions for Discussion
231(21)
The Competitive Environment
252(10)
The Maximum-Competition Extreme
234(1)
Short-Run Adjustment in the Competitive Industry
235(2)
The Operate vs. Shut-Down Criterion in the Short Run
237(1)
Short-Run Industry Adjustment of the Competitive Industry
238(2)
Long-Run Adjustments in the Competitive Industry
240(3)
The Managerial Implications of Pure Competition
243(1)
Summary of Important Points
244(1)
Significant Terms
245(1)
Questions for Discussion
245(2)
Appendix 12.1
247(2)
Price Changes in Competitive Markets
247(2)
Appendix 12.2
249(13)
Simulation Modelling of a Firm in a Competitive Market
249(13)
Monopoly
262(12)
Short-Run Adjustments by the Monopolist
254(4)
Long-Run Adjustment by the Monopolist
258(1)
The Managerial Implications of Pure Monopoly
259(1)
Competition vs. Monopoly
259(1)
Summary of Important Points
259(1)
Significant Terms
260(1)
Questions for Discussion
260(14)
Monopolistic Competition
274(20)
Decision Making under Monopolistic Competition
264(2)
Short-Run Adjustments in the Monopolistically-Competitive Market
266(4)
Managerial Implications of Monopolistic Competition
270(1)
What's Ahead
271(1)
Summary of Important Points
271(1)
Significant Terms
272(1)
Questions for Discussion
273(21)
Oligopolistic Competition
294(28)
Decision Making in Oligopoly
276(3)
Models of Oligopolistic Adjustment
279(9)
Price Warfare
280(2)
Extreme Price Rigidity
282(2)
Price-Leadership/Followership
284(4)
The Managerial Implications of Oligopolistic Competition
288(1)
The Societal Implications of Oligopolistic Behaviour and Industry Structure
288(1)
Summary of Important Points
289(1)
Significant Terms
289(1)
Questions for Discussion
290(2)
Appendix 15.1
292(30)
Extending the Models
322(8)
Simple Models and Complex Realities
295(1)
On Realism, Accuracy, and Specificity in Models
296(1)
Extensions of the Model of the Firm
297(1)
Non-Price Determinants of Demand
297(1)
Non-Quantity Determinants of Costs
298(1)
Multiple Markets
298(3)
Modelling for Price Discrimination
301(1)
Multiple Products
302(1)
Jointly-Produced Products
303(1)
Increasing Size and Complexity
304(1)
Transfer Pricing
305(4)
What's Ahead
309(1)
Summary of Important Points
309(2)
Significant Terms
311(1)
Questions for Discussion
311(2)
Appendix 16.1
313(4)
A Mathematical Model of Price Discrimination
313(4)
Appendix 16.2
317(13)
Joint Products Produced in Variable Proportions
317(13)
Challenges to the Theory of the Firm
330(6)
Multiple Goals
323(2)
Non-Marginal Decision Criteria
325(1)
An Assessment of Non-Marginal Pricing Practices
326(2)
Summary of Important Points
328(1)
Significant Terms
328(1)
Questions for Discussion
328(8)
Ethical Dimensions of Managerial Decisions
336(14)
Ethics in Management
331(1)
A Framework for Thinking about Ethics
332(1)
Consequentialist Positions
333(1)
The Role of Justice in Ethics
334(1)
Ethical Orientations of Managerial Decision Makers
334(1)
Social Responsibility
335(15)
The Role of the Government
350(12)
Forms of Economic Systems
337(1)
The Applicability of Managerial Decision Criteria
338(1)
Benefit-Cost Analysis
338(3)
Points of Contact between the Firm and the Government
341(1)
Rationales for Governmental Involvement in the Market Economy
342(1)
The Maintenance of Competitive Conditions
342(2)
Rationales for Reallocation, Redistribution, and Stabilization
344(1)
The Government's Potential for Stabilizing the Economy
344(1)
Summary of Important Points
345(2)
Significant Terms
347(1)
Questions for Discussion
347(15)
The Firm in Society
362(12)
The Firm's Roles in Society
352(1)
The Firm's Societal Contacts
353(2)
The Workings of Economic Mechanisms
355(11)
Opportunities and Threats to the Firm
366
Ethics and the Business Community
357(1)
Summary of Important Points
358(2)
Significant Terms
360(1)
Questions for Discussion
361(13)
Reallocation of Resources by Government
374(12)
Public vs. Private Goods
364(1)
Social Goods Yielding Positive Spillovers
365(3)
Spill-over Costs
368(2)
Summary of Important Points
370(2)
Significant Terms
372(1)
Questions for Discussion
372(14)
International Commerce
386(14)
Bases for Interregional Commerce
377(1)
The Principle of Comparative Advantage
377(2)
Qualifications to the Principle of Comparative Advantage
379(1)
The International Dimension
380(1)
Currency Diversity
381(1)
The Cultural Dimension
382(1)
What's Ahead
383(1)
Summary of Important Points
383(1)
Significant Terms
384(1)
Questions for Discussion
385(15)
The Multinationalization of Enterprise
400(8)
The Location of Economic Activity
388(1)
Opportunities in an Open Economy World
389(3)
Drives to Multinationalization
392(1)
Threats in an Open Economy
393(3)
What's Ahead
396(1)
Summary of Important Points
396(2)
Significant Terms
398(1)
Questions for Discussion
399(9)
Opportunities in Developing Economies
408(10)
Developing Economy Terminology
401(1)
Risk Factors
402(1)
The Role of Entrepreneurship
402(1)
The Cultural Environment
402(1)
Infrastructure
403(1)
Capital Scarcity
403(1)
Labour and Technology
404(1)
Trade and Development
404(1)
The Role of the Government
404(1)
Entrepreneurial Opportunities
405(1)
Summary of Important Points
405(2)
Significant Terms
407(1)
Questions for Discussion
407(11)
Part - II
History of International Trade
418(2)
Chronology of Events
409(11)
Absolute Advantage Theory of International Trade
420(6)
Comparative Advantage Theory of International Trade
426(6)
Origins of the Theory
421(1)
Examples
422(4)
More Complexities
426(1)
Criticisms
426(6)
Heckscher-Ohlin Model
432(2)
Features of the Model
427(1)
Theoretical Development of the Model
427(1)
Original Publication
428(1)
The 2x2x2 Model
428(1)
Extensions
428(1)
Assumptions of the Model
429(1)
Both Countries have Identical Production Technology
429(1)
Production Output must have Constant Return to Scale
429(1)
The Technologies used to Produce the Two Commodities Differ
429(1)
Labour Mobility within Countries
430(1)
Capital Mobility within Countries
430(1)
Capital Immobility between Countries
430(1)
Labour Immobility between Countries
431(1)
Commodities have the Same Price Everywhere
431(1)
Perfect Internal Competition
431(3)
Terms of Trade
434(4)
Two Country Model CIE Economics
433(1)
Multi-Commodity Multi-Country Model
433(1)
Other Terms-of-Trade Calculations
434(1)
Limitations
434(4)
Gains from International Trade
438(8)
Basic Assumptions
435(3)
Gains from Specialization
438(8)
Balance of Payment
446(14)
Relation between National Income and Balance of Payments
439(1)
Balance of Trade and Balance of Payments
440(1)
Structure of Balance of Payment Accounting
440(4)
Current Account
442(1)
Capital Account
442(1)
Other Items in the Balance of Payments
443(1)
Autonomous and Accommodating Items
444(1)
Disequilibrium in Balance of Payments
444(16)
Economic Factors
444(1)
Political Factors
445(1)
Social Factors
446(14)
The Foreign Exchange Market
460(6)
Exchange Rate
447(1)
Currency Value
447(1)
Currency Appreciation
448(1)
Currency Depreciation
448(1)
Arbitrage
449(1)
Spot Exchange Rate
449(1)
Forward Exchange Rate
449(1)
Hedging
450(1)
Participants in the FOREX
450(1)
Importers and Exporters
450(1)
International Investors, Banks, Arbitrageurs, etc
450(1)
Investment Concerns---International or Domestic
451(1)
Rate of Return
451(1)
Risk
451(1)
Liquidity
452(1)
Foreign Exchange Market
452(1)
Market Size and Liquidity
452(1)
Banks
453(1)
Commercial Companies
453(1)
Central Banks
453(1)
Investment Management Firms
454(1)
Hedge Funds
454(1)
Retail Forex Brokers
454(1)
Trading Characteristics
454(1)
Factors Affecting Currency Trading
455(1)
Economic Factors
456(1)
Political Conditions
456(1)
Market Psychology
456(1)
Algorithmic Trading in Forex
457(1)
Financial Instruments
457(1)
Spot
457(1)
Forward Transaction
457(1)
Futures
458(1)
Swap
458(1)
Options
458(1)
The Difference between Spot and Futures in FOREX
458(1)
Speculation
459(7)
Financial Market
466(6)
Definition
462(1)
Types of Financial Markets
462(1)
Raising Capital
462(1)
Lenders
463(1)
Borrowers
464(1)
Derivative Products
464(1)
Currency Markets
464(1)
Analysis of Financial Markets
465(1)
Financial Markets in Popular Culture
465(7)
Purchasing Power Parity
472(10)
Explanation
468(1)
Relative PPP
468(1)
PPP Equalization and the Law of One Price
469(1)
Big Mac Index
469(1)
West and Central African Franc
469(1)
Need for PPP Adjustments to GDP
469(1)
Difficulties
470(1)
Range and Quality of Goods
470(1)
Difficulties with PPP Comparisons in Welfare Economics
471(11)
International Monetary Fund
482(14)
Fast Facts on the IMF
473(1)
IMF Activities
474(1)
IMF Governance and Organization
475(1)
How the IMF Promotes Global Economic Stability
475(1)
Why is Economic Stability Important?
475(1)
How the IMF Helps
476(1)
Surveillance
476(1)
Technical Assistance
477(1)
Lending
477(1)
How the IMF Helps to Resolve Economic Crises
477(1)
Why do Economic Crises Occur?
477(1)
How IMF Lending Helps
478(1)
Resolving External Debt Crises
479(1)
How the IMF Helps Poor countries
479(1)
What can be Done to Reduce Poverty?
479(1)
The Role of the IMF
480(16)
Lending
480(1)
Technical Assistance
481(1)
Surveillance
481(15)
World Trade Organization
496
GATT Rounds of Negotiations
484(2)
From Geneva to Tokyo
484(1)
Uruguay Round
484(1)
Doha Round
485(1)
Mission, Functions and Principles
486(1)
Functions
486(1)
Principles of the Trading System
486(1)
Formal Structure
487(2)
Highest Level: Ministerial Conference
487(1)
Second Level: General Council
487(1)
Third Level: Councils for Trade
488(1)
Fourth Level: Subsidiary Bodies
488(1)
Other Committees
489(1)
Trade Negotiations
489(1)
Dispute Settlement
490(1)
Accession and Membership
491(1)
Members and Observers
492(1)
Agreements
492(1)
Agreement on Agriculture (AoA)
492(1)
Domestic Support
493(1)
Market Access
493(1)
Export Subsidies
493(1)
Criticism
493(1)
SPS and Genetically Modified Organisms (GMOs)
493(1)
Criticism
494(1)
Agreement on Technical Barriers to Trade (TBT)
494