Test bank for Economics for Managers 2nd edition by Paul G. Farnham

Test Bank for Economics for Managers 2nd edition by Paul G. Farnham

Test Bank for Economics for Managers 2nd edition by Paul G. Farnham

Economics for Managers presents the fundamental ideas of microeconomics and macroeconomics and then integrates them from a managerial decision-making perspective in a framework that can be used by any manager, executive, or decision-maker.

To be competitive in today’s business environment, managers must understand how economic forces affect their business and what must be considered when making business decisions. This is the only book that provides a thorough and applied understanding of both micro-and macroeconomic concepts to the non-economics-based reader.

The second edition retains all the same core concepts and straightforward material on micro-and macroeconomics while incorporating new case material and real-world examples.

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PART 1 MICROECONOMIC ANALYSIS
1 Manager and Economics
2 Demand, Supply, and Equilibrium Prices
3 Demand Elasticities
4 Techniques for Understanding Consumer Demand and Behavior
5 Production and Cost Analysis in the Short Run
6 Production and Cost Analysis in the Long Run
7 Market Structure: Perfect Competition
8 Market Structure: Monopoly and Monopolistic Competition
9 Market Structure: Oligopoly
10 Pricing Strategies for the Firm
PART 2 MACROECONOMIC ANALYSIS
11 Measuring Macroeconomic Activity
12 Spending by Individuals, Firms, and Governments on Real Goods and Services
13 The Role of Money in the Macro Economy
14 The Aggregate Model of the Macro Economy
15 International and Balance of Payments Issues in the Macro Economy
PART 3 INTEGRATION OF THE FRAMEWORKS
16 Combining Micro and Macro Analysis for Managerial Decision Making
SOLUTIONS TO EVEN-NUMBERED PROBLEMS

Test Bank for Economics for Managers 2nd edition by Paul G. Farnham