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| AUTHOR: | Dominick Salvatore, Robert F. Brooker |
| CATEGORY: | Book |
| MANUFACTURER: | Harcourt College Pub |
| ISBN: | 0324174837 |
| TYPE: | Business & Economics, Business/Economics, Economics - General |
| MEDIA: | Paperback |
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Customer Reviews of Managerial Economics in a Global Economy: Study Guide, Fifth Edition
Fairly Useful Refresher for a Graduate Level Student. To be fair to the true value of the book, I would like to say that this book is a very useful, concise and all-round assortment of all the pre-existing economic concepts and techniques in their simplest and the most intuition-friendly form.
An undergraduate reader might find it a little challenging, but for a graduate level reader already seasoned in every aspect of economics, this would not only be an easy reading, but a very clear and insightful guide to economic rationale behind the theories they had taken for granted w/o giving its practical application much thought.
The beauty of this book for a graduate student, I think, is not in the treatment of highly advanced and feindishly complicated top of the line economic theories, but in the simple and insightful plain-langauge treatment of all the technical aspects of economics commonly and conventionally practiced in the economics discipline.
The value of this book for an undergraduate student majoring in economics or business may not be immediately evident w/o working hard at it, but rather would probably be appreciated a lot later when they are more comfortable w/ matrix algebra, calculus and econometrics.
Overall I rate this book a rare piece that balances well in the middle of the road between both graduate and undergraduate level audiences.
Very complex with overlapping ideas
I am currently using the book for a managerial economics class and find the information confusing . Certainly a review of supply and demand (chapter 3) and its application of middle level managers is crucial and should have been placed before optimizing techniques (chapter 2). The assumption is the student or reader has just finished an introduction economics course and all the information is still fresh in the mind. Personally, I review all principles in this book with basic economic principles for a much clearer understanding of the topics.