Monday, April 20, 2009
Managerial Economics and Business Strategy By: Baye @ Rm60.00
Paperback: 578 pages
Publisher: Higher Education; 4th Ed edition (2003)
This book provides an excellent background for learning applied managerial economics. Mr. Baye uses interesting real-world examples, which is difficult when writing about the entirely hypothetical world of micro-economics. I felt that the section on Game Theory was especially useful in explaining real world market paricipant behavior in pricing decisions. Overall, I would highly recommend this book for both students of economics, as well as those non-students seeking a weekend of light reading in the topic of economics.