| Description |
1 online resource (1052 pages) |
| Contents |
Cover; Title Page; Copyright; Epigraph; Dedication; Preface; Unit I: Methodological Preliminaries; Chapter 1: Qualitative Fundamentals; 1.1 ECONOMIC THEORY AND MANAGERIAL ECONOMICS; 1.2 SOME METHODOLOGICAL FALLACIES; 1.3 PARADIGMS, MODELS, AND THE SCIENTIFIC METHOD; 1.4 THE DESCRIPTIVE AND PRESCRIPTIVE TREATMENTS; 1.5 THE PROFIT FUNCTION: ACCOUNTING VERSUS ECONOMICS; 1.6 ENTREPRENEURSHIP, MANAGEMENT, AND LEADERSHIP; SUMMARY; KEY TERMS; EXERCISES; Chapter 2: Quantitative Fundamentals; 2.1 INTRODUCTION; 2.2 FUNCTIONS; 2.3 EXPONENTS; 2.4 LOGARITHMS AND THE NUMBER e; 2.5 DIFFERENTIAL CALCULUS |
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2.6 MULTIVARIATE AND EQUALITY CONSTRAINED OPTIMIZATION2.7 INEQUALITY CONSTRAINED OPTIMIZATION: LINEAR PROGRAMMING; 2.8 SELECTED STATISTICAL CONCEPTS; 2.9 MAXIMUM LIKELIHOOD ESTIMATION; 2.10 ORDINARY AND NONLINEAR LEAST SQUARES ESTIMATION; SUMMARY; KEY TERMS; LIST OF FORMULAS; EXERCISES; Unit II: Decisions at the Consumer Level; Chapter 3: Theory of Consumer Choice; 3.1 CONSUMER PREFERENCES; 3.2 CONSUMER'S AFFORDABILITY; 3.3 THE OPTIMAL CHOICE; 3.4 EFFECTS ON THE OPTIMAL CHOICE; 3.5 INCOME AND SUBSTITUTION EFFECTS; 3.6 SLUTSKY EQUATION; SUMMARY; KEY TERMS; LIST OF FORMULAS; EXERCISES |
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Chapter 4: Consumer Demand: Theoretical Analysis4.1 DEMAND AND SUPPLY: FUNCTIONS AND LAWS; 4.2 DERIVING A DEMAND FUNCTION FROM UTILITY MAXIMIZATION; 4.3 HOMOGENEITY AND THE NUMERAIRE; 4.4 INVERSE DEMAND FUNCTION; 4.5 DEMAND AND SUPPLY: TABLE AND CURVES; 4.6 MARKET EQUILIBRIUM; 4.7 FROM INDIVIDUAL TO MARKET DEMAND; 4.8 DEMAND AND NETWORK EXTERNALITIES; 4.9 DERIVING A MARKET DEMAND FUNCTION UNDER EXTERNALITIES; 4.10 CHANGES IN QD and QS VERSUS CHANGES IN D AND S; 4.11 CHANGES IN EQUILIBRIUM; 4.12 MARKET DISEQUILIBRIUM; 4.13 MARSHALLIAN VERSUS HICKSIAN DEMAND CURVES |
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4.14 DERIVING THE HICKSIAN (COMPENSATED) DEMAND CURVE4.15 REVEALED PREFERENCES; 4.16 INTERDEPENDENT DEMAND; SUMMARY; KEY TERMS; LIST OF FORMULAS; EXERCISES; Chapter 5: Consumer Demand: Empirical Estimation; 5.1 SIMPLE MARKET EXPERIMENTATION; 5.2 LINEARITY OF THE DEMAND FUNCTION: FROM VISUAL TO REGRESSION; 5.3 RELIABILITY OF THE ESTIMATION; 5.4 QUALITY OF FITTING; 5.5 FITTING BY COMPUTERIZED REGRESSION; 5.6 DEMAND ESTIMATION BY THE MULTIPLE REGRESSION METHOD; 5.7 NONREGRESSION APPROACHES TO ESTIMATION; 5.8 ADVANCED DEMAND ESTIMATION: THE PAD MODEL; SUMMARY; KEY TERMS; LIST OF FORMULAS |
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EXERCISESChapter 6: Consumer Demand: Economic Forecasting; 6.1 FORECASTING MODELS; 6.2 TIME SERIES ANALYSIS; 6.3 FROM SYMBOLIC TO NUMERIC FITTING; 6.4 ADJUSTING FOR SEASONALITY; 6.5 SMOOTHED FORECASTS; 6.6 BAROMETRIC FORECASTING; 6.7 ECONOMETRIC MODELS; 6.8 INPUT-OUTPUT MATRIX; 6.9 JUDGMENTAL MODELS; 6.10 FORECASTING ACCURACY AND RELIABILITY; SUMMARY; KEY TERMS; LIST OF FORMULAS; EXERCISES; Unit III: Managerial Decisions at the Firm Level; Chapter 7: Production Theory; 7.1 VARIABILITY OF INPUTS THROUGHOUT TIME; 7.2 PRODUCTION FUNCTION; 7.3 GRAPHICAL REPRESENTATION OF THE PRODUCTION FUNCTION |
| Summary |
This completely accessible, classroom-tested book focuses on the need for training in managerial economics to be more responsive to the presence of uncertainty surrounding managerial decisions. It takes a mathematical and statistical approach to microeconomics and provides the opportunity for quantitative methods to illustrate and clarify the underlying fundamental logic of problem solving. Filled with real-life examples and problems, it covers methodological and mathematical fundamentals; decisions at the consumer, firm, and market levels; decision and risk analysis; and decisions under uncer |
| Notes |
7.4 short-run, one variable input function |
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Print version record |
| Subject |
Managerial economics.
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Managerial economics
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| Form |
Electronic book
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| Author |
Moffitt, L. J
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| ISBN |
9781118458594 |
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1118458591 |
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