Managerial Economics in a Global Economy (8^th Ed.)

Tastes, production, labor markets, financial markets, and competition have become highly globalized; financial and economic crises have become more frequent, and the risks of doing business have increased in a world economy that has become more sluggish (growing less rapidly than in past decades). Thoroughly recognizing and highlighting this new business environment, Managerial Economics in a Global Economy examines how firms reach optimal managerial decisions in the face of these modern constraints. Managerial Economics in a Global Economy synthesizes economic theory, decision sciences, and business administration to help instructors train students on how managerial deccisions are actually made in the modern, globalized world. Theory is explained clearly and the applications are numerous, real, and relevant. A global perspective permeates the presentation- examples, data and theory- to help illustrate how local economic decision making is now inescapably global.

Dominick Salvatore is a Professor of Economics and Business at Fordham University, Visiting Professor at the Vienna Economics and Business Administration University, and Honorary Professor at the Shanghai Finance University. He is President of the North American Economics and Finance Association, a former Chairman of the New York Academy of Sciences, and a consultatnt to the Economic Policy Institute in Washington, the United Nations, and various multinational banks and corporations. He is the author, co-author or editor of forty four books.