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Managerial Economics: A Problem Solving Approach (Upper Level Economics Titles) 3rd Edition

4.0 4.0 out of 5 stars 51 ratings

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Editorial Reviews

Review

"The Froeb/McCann textbook is designed for decision makers. Each chapter provides logical steps to solve common but misunderstood business problems. The books candor and novelty make for easy, enjoyable reading."

About the Author

Dr. Froeb received his undergraduate degree from Stanford University and Ph.D. from the University of Wisconsin. When the antitrust agencies began using his models to predict the competitive effects of mergers, his academic research passed what he calls "a market test." This resulted in his 2003 appointment to Chief Economist of the Federal Trade Commission, where he enforced the antitrust and consumer protection laws of the United States. He also managed 75 economists who tore down barriers to competition (often erected by well-meaning bureaucrats). In July 2005 Dr. Froeb returned to Vanderbilt University where today he holds the William Oehmig Chair of Entrepreneurship and Free Enterprise. He used to win the "Most Outstanding Teacher" award, but now he finishes behind his co-author, Brian McCann. His text, MANAGERIAL ECONOMICS: A PROBLEM-SOLVING APPROACH is well recognized for teaching students to apply economics to real business problems. It is filled with real world problems (and solutions) from Dr. Froeb's students and clients. Dr. Froeb's research focuses on the economics of competition policy. He has taught at Tulane University, worked at the U.S. Department of Justice, and spent a year at the University of Chicago Law School.

Dr. Brian T. McCann has taught courses in managerial economics, strategic management, and entrepreneurship at the undergraduate, MBA and executive education levels. He holds an MBA from Vanderbilt University, where he earned the Founder's Medal as the top graduate of his class. Dr. McCann received his doctoral training in strategic management at Purdue University's Krannert School of Management, where he was awarded the Ross Fellowship, the Krannert Certificate for Distinguished Teaching, and the Purdue Research Foundation Research Grant. His more than 10 years of industry experience include operating a residential land development company, serving as the CFO for an Internet start-up, and implementing new strategic initiatives for a non-profit economic development group. In addition to co-authoring this MBA-level textbook in managerial economics, Dr. McCann's work has appeared or is forthcoming in journals, such as Strategic Management Journal, Journal of Management, and Journal of Management Studies. His current research interests span strategic management and entrepreneurship and include the performance implications of firm agglomeration, the effects of ownership structure on competitive behaviors, and the role of threshold-based decision making in the entrepreneurial process.

Dr. Mike Ward has taught courses in Managerial Economics, Industrial Organization and Business Strategy, Human Resource Economics, and Economics and Regulation of Information. He has spent nearly two decades in academia, holding positions at the University of Illinois and the University of Texas at Arlington where he is currently Professor of Economics in the Business School. Prior to returning to academia, Dr. Ward served as an Economist at the Federal Trade Commission for four years attempting to tear down barriers to competition (though he was not managed by Dr. Froeb). Dr. Ward's research focuses on the economics of innovation and competition. He earned his undergraduate degree in mathematics and economics from UCLA and his Ph.D. in economics from the University of Chicago.

Product details

  • Publisher ‏ : ‎ Cengage Learning; 3rd edition (March 22, 2013)
  • Language ‏ : ‎ English
  • Hardcover ‏ : ‎ 320 pages
  • ISBN-10 ‏ : ‎ 1133951481
  • ISBN-13 ‏ : ‎ 978-1133951483
  • Item Weight ‏ : ‎ 1.45 pounds
  • Dimensions ‏ : ‎ 7.25 x 0.5 x 9 inches
  • Customer Reviews:
    4.0 4.0 out of 5 stars 51 ratings

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Customer reviews

4 out of 5 stars
51 global ratings

Top reviews from the United States

Reviewed in the United States on January 4, 2015
This book does an excellent job of succinctly explaining concepts and backing them up with concrete examples. The chapters are short, but all of the content is relevant. This was a great supplement to an MBA level Managerial Economics class.
Reviewed in the United States on December 7, 2019
Fast shipping, good condition and amazing price. Thank you.
Reviewed in the United States on March 5, 2015
This book was fresh, informative, and fun, but seemed pretty random in what it decided to delve into. Was assigned as a suplemental book for a manegerial economics class, and in that (or just to read out of personal interest) it succeeds; but as much as I liked it, it never seemed to have the comprehensive information.
Reviewed in the United States on September 13, 2016
This book writes as if the author was either in a hurry, or just wanted to create an outline for managerial economics. It simply does not provide enough detail on the topics in the book. You will definitely need supplemental tools. Funny enough, if you're willing to pay an additional $172, the author and or publisher will provide you with digital supplemental study guides and tools to his incomplete textbook from a website.
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Reviewed in the United States on May 31, 2013
This book gives a good overview and gives simple examples of Microeconomics. I would recommend this book to people who do not have a background in business.
Reviewed in the United States on October 3, 2013
The book was in good condition and got to me fine. So good job on suppliers part.

But the book itself isn't as good as I expected it to be. It does give quirky and interesting examples but lacks in giving information about many if the important topics in detail. I personally found online forums and khan academy to be better suited to learning Econ.
Reviewed in the United States on February 24, 2015
The book I recieved looked in mint brand new condition very happy with it.
Reviewed in the United States on March 8, 2016
Came in great condition.

Top reviews from other countries

Josue Rosario
5.0 out of 5 stars The most practical and useful Managerial Economics book ever!!
Reviewed in Canada on March 2, 2024
This book is an amazing work where the authors explain in a clear, practical and concise way Economics for business students!! Each chapter provides 100% practical knowledge applicable immediately to a variety of business situations and everyday life. It is a must for every business student. Only a true master of Economics could distill a traditionally academic field like Economics in a practical handbook for business students like Prof. Froeb did. After reading this book your will think different about Economics its importance for business students.