The 7th edition of Economics of Management continues to provide examples of the real world and the skills necessary to make decisions to make thoughtful and advantageous management decisions. Samuelson & Marks build on their strong behavioral coverage to better address this current “hot topic” in business.
This new edition includes updates and general revisions, including updated sections on behavioral economics, game theory and price theory, and new problems for each chapter. The authors improve the existing content and integrate more of this content throughout. The largest section is at the interface between the public and the private. The text integrates the theory with extensive applications in the real world, which makes it more accessible. The presentations begin in a simple way and are progressively applied to increasingly demanding applications.