Managerial Economics (5th Edition)

Rating:
Summary: Too little game theory and too expensive
Review: I had heard good things about this book but was left frustrated. Given the march of game theory over the past 15 years or so, I would have expected this to underpin the book's very word - but not a bit of it! Despite a nice section on auctions, the author tries to emulate existing texts (including previous editions of his own book) and does not take into account current developments in microeconomic theory. My other gripe is the price of the book. I am still hunting for a suitable text.

Rating:
Summary: Too little game theory and too expensive
Review: This book has undergone a major revision since the 4th edition. The authors have done a good job of explaining basic economic principles and then applying them to the business world. New chapters on auctions and incentive schemes are both informative and timely. This is a must reading for those who think economic principles are just for the classroom. Not only do the authors show how the principles are applied (through examples from the business press), they also concisely explain them.

A valuable book for both practitioners and students.

Rating:
Summary: Managerial Economics
Review: This book has undergone a major revision since the 4th edition. The authors have done a good job of explaining basic economic principles and then applying them to the business world. New chapters on auctions and incentive schemes are both informative and timely. This is a must reading for those who think economic principles are just for the classroom. Not only do the authors show how the principles are applied (through examples from the business press), they also concisely explain them.

A valuable book for both practitioners and students.

Rating:
Summary: Communication??
Review: This book is not easy reading. Do economists live in another world? I read a paragraph to my wife, an English school teacher, and she said that it was very poor English. The author and the school were he teaches, is very prestigious.

Rating:
Summary: Top economics text from the world's top b-school
Review: This is straight talking economics as taught at the world's top business school (see Financial Times last month) - Wharton at the University of Pennsylvania. This book is used in the core managerial economics class that all students have to take. It is well written and comprehensive. Highly recommended.