Microeconomics for MBAs

Microeconomics for MBAs

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This is the first textbook in microeconomics written exclusively for MBA students. McKenzie/Lee minimizes attention to mathematics and maximizes attention to intuitive economic thinking. The text is structured clearly and accessibly: Part I of each chapter outlines the basic theory and Part II applies this basic theory to management issues. 'Perspective' sections in each chapter provide a new line of argument or different take on a business or policy issue, and carefully chosen topics and review questions are designed to spark lively and instructive debates. Throughout the book, McKenzie and Lee aim to infuse students with the economic way of thinking in the context of a host of problems that MBA students, as future managers of real-world firms, will find relevant to their career goals.The basic problemis that duringthe last period of any business relationship, there is little, if any, penalty for cheating, ... Indeed, you can terminate the year-long contract, which can impose a substantial penalty for anycheatingearlyinthecontract.

Title:Microeconomics for MBAs
Author:Richard B. McKenzie, Dwight R. Lee
Publisher:Cambridge University Press - 2006-02-13


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