DOCSLIB.ORG

Managerial Economics & Business Strategy

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Managerial Economics & Business Strategy 7e MICHAEL R. BAYE 7e MICHAEL R. BAYE PROVEN. TRUSTED. MANAGERIAL ECONOMICS Managerial Economics and Business Strategy is the best-selling managerial economics textbook on the market today. Michael Baye provides students with AND tools like intermediate microeconomics, game theory, and industrial organization MANAGERIAL ECONOMICS that are crucial to making sound managerial decisions. The Seventh Edition BUSINESS STRATEGY discusses the latest issues and research shaping managerial economics today. AND BUSINESS STRATEGY KEY FEATURES OF THIS NEW EDITION INCLUDE: UPDATED HEADLINES: Updated and current Headlines begin each chapter with a real-world economic problem. These problems are essentially hand-picked “mini-cases” designed to motivate students to better understand the chapter material. NEW AND UPDATED INSIDE BUSINESS APPLICATIONS: New Inside Business boxes illustrate real-world applications of theory developed in the chapter; these examples are drawn from both current economic literature MD DALIM #1042728 8/14/09 and the popular press. TIME WARNER CASE STUDY: A Case Study in business strategy — Challenges at Time Warner — follows Chapter 14. The case engages students by applying core elements from managerial economics to a rich business environment. BAYE For more information and resources, please visit the text’s Online Learning Center: www.mhhe.com/baye7e CYAN MAG ISBN 978-0-07-337596-0 MHID 0-07-337596-9 9 0 0 0 0 MICHAEL R. BAYE YELO BLK 9 7 8 0 0 7 3 3 7 5 9 6 0 www.mhhe.com bay75969_fm_i-xxxii.qxd 8/20/09 14:58 Page i Confirming Pages Managerial Economics and Business Strategy bay75969_fm_i-xxxii.qxd 8/20/09 14:58 Page ii Confirming Pages Nash Equilibrium • Predatory Pricing • Mergers & Acquisitions • Demand Elasticity • Vertical Foreclosure • Penetration Pricing • Marginal Cost • Bottlenecks • First-Mover Advantage • Signaling • Learning Curve • Marginal Revenue • Repeated Games • Microsoft • Screening • Network Effects • Antitrust • Cost Complementarities • Two-Part Pricing • Limit Pricing • Tariffs • Bargaining • Cournot Oligopoly • American Airlines • Raising Rivals’ Costs • Moral Hazard • eBay • Price Discrimination • Adverse Selection • Economies of Scope • Auctions • Bundling • Block Pricing • Stackelberg Oligopoly • Advertising • Perfect Equilibrium • Coordination • General Motors • Quotas • Extensive Form Games • Economies of Scale • Netscape • Hold-up Problem • Patents • Bertrand Oligopoly • Commitment • Economies of Scale • Tariffs • Antitrust • Transfer Pricing • Collusion • Piece Rates • Profit-Sharing • Sunk Costs • Takeovers • Trigger Strategies • Low-Price Guarantees • Sony • Time Warner • Five Forces Framework • AOL • Globalization • Best-Response Function • Cannibalization • Product Differentiation • Value of Information bay75969_fm_i-xxxii.qxd 8/20/09 14:58 Page iii Confirming Pages SEVENTH EDITION Managerial Economics and Business Strategy Michael R. Baye Bert Elwert Professor of Business Economics & Public Policy Kelley School of Business Indiana University bay75969_fm_i-xxxii.qxd 8/20/09 14:58 Page iv Confirming Pages MANAGERIAL ECONOMICS AND BUSINESS STRATEGY Published by McGraw-Hill/Irwin, a business unit of The McGraw-Hill Companies, Inc., 1221 Avenue of the Americas, New York, NY, 10020. Copyright © 2010, 2008, 2006, 2003, 2000, 1997, 1994 by The McGraw-Hill Companies, Inc. All rights reserved. No part of this publication may be reproduced or distributed in any form or by any means, or stored in a database or retrieval system, without the prior written consent of The McGraw-Hill Companies, Inc., including, but not limited to, in any network or other electronic storage or transmission, or broadcast for distance learning. Some ancillaries, including electronic and print components, may not be available to customers outside the United States. This book is printed on acid-free paper. 1 2 3 4 5 6 7 8 9 0 DOC/DOC 0 9 ISBN 978-0-07-337596-0 MHID 0-07-337596-9 Vice president and editor-in-chief: Brent Gordon Publisher: Douglas Reiner Director of development: Ann Torbert Development editor: Anne E. Hilbert Vice president and director of marketing: Robin J. Zwettler Associate marketing manager: Dean Karampelas Vice president of editing, design and production: Sesha Bolisetty Senior project manager: Bruce Gin Senior production supervisor: Debra R. Sylvester Designer: Matt Diamond Senior media project manager: Greg Bates Cover design: Matt Diamond Interior design: Matt Diamond Typeface: 10/12 Times Roman Compositor: Laserwords Private Limited Printer: R. R. Donnelley Library of Congress Cataloging-in-Publication Data Baye, Michael R., 1958- Managerial economics and business strategy / Michael R. Baye. — 7th ed. p. cm. Includes index. ISBN-13: 978-0-07-337596-0 (alk.paper) ISBN-10: 0-07-337596-9 (alk. paper) 1. Managerial economics. 2. Strategic planning. I. Title. HD30.22.B38 2010 338.5024'658—dc22 2009017267 www.mhhe.com bay75969_fm_i-xxxii.qxd 8/20/09 14:58 Page v Confirming Pages The McGraw-Hill Series Economics ESSENTIALS OF ECONOMICS Slavin MONEY AND BANKING Economics, Microeconomics, and Brue, McConnell, and Flynn Cecchetti Macroeconomics Essentials of Economics Money, Banking, and Financial Ninth Edition Second Edition Markets Second Edition Mandel ECONOMICS OF SOCIAL ISSUES Economics: The Basics Guell URBAN ECONOMICS First Edition Issues in Economics Today Fifth Edition O’Sullivan Schiller Urban Economics Sharp, Register, and Grimes Essentials of Economics Seventh Edition Seventh Edition Economics of Social Issues Nineteenth Edition LABOR ECONOMICS PRINCIPLES OF ECONOMICS ECONOMETRICS Borjas Colander Gujarati and Porter Labor Economics Economics, Microeconomics, and Basic Econometrics Fifth Edition Macroeconomics Fifth Edition Eighth Edition McConnell, Brue, and Macpherson Gujarati and Porter Contemporary Labor Economics Frank and Bernanke Essentials of Econometrics Ninth Edition Principles of Economics, Principles of Fourth Edition Microeconomics, Principles of PUBLIC FINANCE Macroeconomics MANAGERIAL ECONOMICS Fourth Edition Rosen and Gayer Baye Public Finance Frank and Bernanke Managerial Economics and Business Ninth Edition Brief Editions: Principles of Economics, Strategy Principles of Microeconomics, Seventh Edition Seidman Principles of Macroeconomics Brickley, Smith, and Zimmerman Public Finance First Edition Managerial Economics and First Edition McConnell, Brue, and Flynn Organizational Architecture ENVIRONMENTAL ECONOMICS Economics, Microeconomics, and Fifth Edition Macroeconomics Thomas and Maurice Field and Field Eighteenth Edition Managerial Economics Environmental Economics: Tenth Edition An Introduction McConnell, Brue, and Flynn Fifth Edition Brief Editions: Microeconomics and INTERMEDIATE ECONOMICS Macroeconomics INTERNATIONAL ECONOMICS First Edition Bernheim and Whinston Microeconomics Appleyard, Field, and Cobb Miller First Edition International Economics Principles of Microeconomics Seventh Edition First Edition Dornbusch, Fischer, and Startz Macroeconomics King and King Samuelson and Nordhaus Tenth Edition International Economics, Economics, Microeconomics, and Frank Globalization, and Policy: A Reader Macroeconomics Microeconomics and Behavior Fifth Edition Nineteenth Edition Eighth Edition Pugel Schiller DVANCED CONOMICS International Economics The Economy Today, The Micro A E Fourteenth Edition Economy Today, and The Macro Romer Economy Today Advanced Macroeconomics Twelfth Edition Third Edition bay75969_fm_i-xxxii.qxd 8/20/09 14:58 Page vi Confirming Pages To Natalie and Mitchell—Thanks for teaching me about the buyer side of the college market. ABOUT THE AUTHOR Michael Baye is the Bert Elwert Professor of Business Economics & Public Policy at Indiana University’s Kelley School of Business. He received his B.S. in economics from Texas A&M University in 1980 and earned a Ph.D. in economics from Purdue University in 1983. Prior to joining Indiana University, he taught graduate and under- graduate courses at The Pennsylvania State University, Texas A&M University, and the University of Kentucky. Professor Baye served as the Director of the Bureau of Economics at the Federal Trade Commission from July 2007–December 2008. Professor Baye has won numerous awards for his outstanding teaching and research and regularly teaches courses in managerial economics and industrial organization at the undergraduate, M.B.A., and Ph.D. levels. Professor Baye has made a variety of contributions to the fields of game theory and industrial organi- zation. His research on mergers, auctions, and contests has been published in such journals as the American Economic Review, the Review of Economic Studies, and the Economic Journal. Professor Baye’s research on pricing strategies in online and other environments where consumers search for price information has been pub- lished in economics journals (such as the American Economic Review, Economet- rica, and the Journal of Political Economy), featured in the popular press (including The Wall Street Journal, Forbes, and The New York Times), and pub- lished in leading marketing journals. His research has been supported by the National Science Foundation, the Fulbright Commission, and other organizations. Professor Baye has held visiting appointments at Cambridge, Oxford, Erasmus University, Tilburg University, and the New Economic School in Moscow, Russia. He has served on numerous editorial boards in economics as well as marketing, including Economic Theory and the Journal of Public Policy & Marketing. When he is not teaching or engaged in research,
Load more

Recommended publications
  • B. Com. I Business Economics Title.Pmd
    HI SHIVAJI UNIVERSITY, KOLHAPUR CENTRE FOR DISTANCE EDUCATION Business Economics (From Academic Year 2013-14) Paper-I For B. Com. Part-I Semester - I KJ Unit-1 Introduction to Business Economics 1.1 Objectives 1.2 Introduction 1.3 Definitions 1.4 Features of Business Economics 1.5 Nature and Scope of Business Economics 1.6 Difference Between Ecnomics and Business Economics 1.7 Business Economics and Decision making 1.8 Business Economics bridges the gap between theoretical 1.9 Objective of business firm 1.10 Glossary 1.11 Questions for Self Study 1.12 Questions for Practice 1.13 Books for Reading 1.1 Objectives 1. To study business economics. GGGGGGGGGGGGGGGGGGGGGGGGG 1 GGGGGGGGGGGGGGGGGGGGGGGGG B.Com.1 - Business Economics (English) 2. To study the nature and scope of business economics. 3. To study importance of business economics in practical market. 4. To understand how firm gets maximum profit. 1.2 Introduction : Business Economics is playing an important role in our daily economic life and business practices. In actual practice different types of business are existing and run by people so study of Business Economics become very useful for businessmen. Since the emergence of economic reforms in Indian economy the whole economic scenario regarding the business is changed. Various new types of businesses are emerged, while taking the business decisions businessmen are using economic tools. Economic theories, economic principles, economic laws, equations economic concepts are used for decision making. On this ground students of commerce should know the importance of basic theories in actual business application. Hence the introduction of Business Economics becomes important to the students.
    [Show full text]
  • Economics.Pdf
    Economics 1 ECONOMICS Anne B Royalty Associate Professor G Bryan School of Business and Economics Martin Sparre Andersen Dora GichevaG 462 Bryan Building Christopher Aaron SwannG 336-256-1010 Martijn Van HasseltG http://economics.uncg.edu Assistant Professor Anne Royalty, Department Head Nir Eilam Dora Gicheva, Graduate Program Director Marie C. HullG Sebastian Laumer Mission Timothy Ryan Moreland G The Department of Economics supports the teaching, research, and Matthew Arnold Schaffer service missions of the university and the Bryan School of Business and Senior Lecturer Economics. The department’s undergraduate courses and programs G Jeff K. Sarbaum prepare students for the competitive global marketplace, career and professional development, and graduate education. Its innovative Lecturer graduate programs, the M.A. in Applied Economics and the Ph.D. in Eric S Howard Economics with a focus on applied microeconomics, provide students with a mastery of advanced empirical and analytical methods so they can G Graduate-level faculty conduct high-quality research and contribute to the knowledge base in business, government, nonprofit, and research settings. The department • Economics, B.A. (https://catalog.uncg.edu/business-economics/ conducts high-quality nationally recognized research that supports its economics/economics-ba/) academic programs, promotes economic understanding, and fosters • Economics, B.S. (https://catalog.uncg.edu/business-economics/ economic development in the Triad and in the State. economics/economics-bs/) • Economics Undergraduate Minor (https://catalog.uncg.edu/business- Undergraduate economics/economics/economics-minor/) Economics is a discipline concerned with the choices made by people, • Applied Economics, M.A. (https://catalog.uncg.edu/business- firms, and governments and with public policies that affect those economics/economics/applied-economics-ma/) choices including protection of the environment, the quality and cost of health care, business productivity, inflation and unemployment, poverty, • Economics, Ph.D.
    [Show full text]
  • Management Managerial Economics Demand Estimation and Forecasting
    Paper: 11, Managerial Economics Module: 10, Demand Estimation and Forecasting Prof. S P Bansal Principal Investigator Vice Chancellor Maharaja Agrasen University, Baddi Prof. Yoginder Verma Co-Principal Investigator Pro–Vice Chancellor Central University of Himachal Pradesh. Kangra. H.P. Prof. S K Garg Paper Coordinator Former Dean & Director, H.P. University, Shimla (H.P.) Mohinder Singh Content Writer Assistant Professor, Dept. of Accounting and Finance, SBMS Central University of Himachal Pradesh. Kangra. H.P. 1 Managerial Economics Management Demand Estimation and Forecasting Items Description of Module Subject Name Management Paper Name Managerial Economics Module Title Demand Estimation and Forecasting Module Id Module No.-10 Pre- Requisites Basic understanding of Demands, Demand Function, Business Statistics Objectives To enable learners to understand concept of meaning, significance, level and process of Demand Estimation and Forecasting. Various methods that can be adopted in forecasting the most likely future demand of a product or service. Keywords Demand Estimation, Demand Forecasting, Trend Projection, Sample Survey, Collective Opinion and Delphi Method 2 Managerial Economics Management Demand Estimation and Forecasting QUADRANT-I Module 10: Demand Estimation and Demand Forecasting 1. Learning Outcome 2. Demand Estimation and Demand Forecasting 3. Features of Demand Forecasting 4. Why Demand Forecasting 5. Demand Forecasting Process 6. Determinants of Demand Forecasting 7. Methods of Demand Forecasting 8. Summary 1. Learning Outcome: After completing this module the learner will be able to: Understand the various concepts of Demand Estimation and Demand Forecasting. Various methods that can be used for Estimation and Forecasting of Demand of a product. 3 Managerial Economics Management Demand Estimation and Forecasting 1.0 Introduction Estimating the future demand for products, either existing or new is a significant aspect of demand analysis.
    [Show full text]
  • Masters of Business Admin (MBA) 1
    Masters Of Business Admin (MBA) 1 MASTERS OF BUSINESS ADMIN (MBA) MBA 603 Business in the Global Environment (3 credits) Discusses the interrelationships of the various functions of the business enterprise in different environmental settings. Contextual analysis focuses on: global economic institutions, systems and mechanisms, business government relations and cultural diversity. The course also addresses such issues as ethics, social responsibility and the physical environment from a regulatory, as well as a corporate governance perspective. MBA 614 Business and Its Environment (3 credits) MBA 616 International Business Operations (3 credits) MBA 617 Quantitive Analysis for Business Decisions (3 credits) MBA 618 Operations and Quality Management (3 credits) Provides an understanding of the management and planning of service and manufacturing operations and their roles in organizations. The operations function comprises all of the diverse activities involved in the delivery of services and the production of goods. The major theme of the course is the vital role that process quality and product quality play in determining a company's global competitiveness. Total Quality Management (TQM) is a major factor in determining the competitiveness and survivability of an organization. Other topics essential to the effective management of operations are: forecasting, technology management, capacity planning and materials management. The computer will be used throughout the course to facilitate analysis. MBA 626 Business Economics (4 credits) Introduces the principles of microeconomics and macroeconomics. Provides the tools and quantitative techniques to understand and analyze the pricing and production decisions by managers of individual firms as well as current economic policy issues on the national and international level.
    [Show full text]
  • Engineering Economics and Decision Analysis Engineering Accounting
    Weekend Format – Planned Degree Plan – Engineering Management Cost Per Course: $4,170 (tuition and fees) Credit Hours: 3 hours per course Course Delivery Method: Classroom Pace: Two courses each semester, starting in Fall 2011. No summer courses. Engineering Economics and Decision Analysis Course Number EMIS 8361 Catalog Description Introduction to economic analysis methodology. Topics include engineering economy and cost concepts, interest formulas and equivalence, economic analysis of alternatives, technical rate of return analysis, and economic analysis under risk and uncertainty. (Credit is not allowed for both EMIS 2360 and EMIS 8361.) Goals To improve financial decision making capabilities by learning concepts and techniques of analysis useful in evaluating economic alternatives. Advising Information Excellent business/economics elective Prerequisites Introductory probability Engineering Accounting Course Number EMIS 8362 Catalog Description An introduction to and overview of financial and managerial accounting for engineering management. Topics include basic accounting concepts and terminology; preparation and interpretation of financial statements; and uses of accounting information for planning, budgeting, decision-making, control, and quality improvement. The focus is on concepts and applications in industry today. Goals For the engineering student to: ·Become familiar with the language of business, accounting, so as to understand financial statements and the budget process used by all major organizations. ·Prepare for management duties or interactions through an understanding of the uses of accounting information for planning, controlling, and decision-making Advising Information Good business elective Prerequisites None Management for Engineers Course Number EMIS 8364 Catalog Description How to manage technology and technical functions from a pragmatic point of view. How to keep from becoming technically obsolete as an individual contributor and how to keep the corporation technically astute.
    [Show full text]
  • Economics (ECON) 1
    Economics (ECON) 1 Economics (ECON) Courses ECON-100. Financial Literacy. 3 Hours. This course will provide students with an introduction to basic financial literacy. Students will cover the basics of the financial system, including basic banking, investment, budgeting, contracting and debt management. This course will cover both personal finance, small business organization and the relationships between households and businesses in the economy. ECON-109. First Year Experience: Money Matters: The Chicago Economy. 3 Hours. This course is designed to provide students with an introduction to surviving in the Chicago economy. The five foundations of the First Year Experience (Future Planning, Integral Preparation, Research, Self-discovery and Transitions) are interwoven with the introductory field-specific concepts and terminology of economics. Students will be introduced to economic and financial literacy while learning what makes Chicago one of the greatest economic engines in the world. Students will examine the Chicago economy and collect data on major economic sectors in Chicago today with an eye on what it will take for workers, households and businesses to succeed in Chicago's future. ECON-200. Essentials Of Economics. 3 Hours. This course will provide students with an overview of general economic issues, principles and concepts in both microeconomics and macroeconomics. Through its integrated design, students will have the opportunity to analyze individual firms and markets as well as aggregate economic indicators. Topics to be covered include: inflation, unemployment and economic growth, with a focus on the government's role in its attempts to regulate the economy. Upon completion of the course, students will have gained a basic understanding of how people make decisions, how people interact, and how the economy as a whole works so that they may be able to conceptualize how the economy works, make better business decisions and establish a framework for viewing and interpreting the economic world around them.
    [Show full text]
  • Managerial Economics and the Effectiveness of Quantitative Analysis for Profit Maximizing Companies in Africa
    PROCEEDINGS OF THE 10th INTERNATIONAL MANAGEMENT CONFERENCE "Challenges of Modern Management", November 3rd-4th, 2016, BUCHAREST, ROMANIA MANAGERIAL ECONOMICS AND THE EFFECTIVENESS OF QUANTITATIVE ANALYSIS FOR PROFIT MAXIMIZING COMPANIES IN AFRICA Emmanuel Innocents EDOUN1 Charles MBOHWA2 ABSTRACT Quantitative analysis uses mathematical and statistical tools to quantify information for effective managerial decision-making. Past experiences have shown that, lack of planning and appropriate managerial skills are some of the reasons why companies struggle to remain competitive in the market. This study is based on the premise that, quantitative analysis strongly assists senior- managers in making decisions that contribute to the growth of the company. Numerous studies have used quantitative analysis to predict productivity, maximize profit culminating to managerial decision-making. Profit maximizing companies have relied on the effectiveness of quantitative analysis methods to plan for future activities. These companies are able to collect monthly data on their production costs. They are also in a position of keeping track of their production and make comparative analysis that will guide them in making the necessary changes depending on the problems identified. Using the Cobb Douglas production function, this study was able to review this theory and analyze data from various plants generated by the regression equation. Which is why, this paper has strongly argued that, the implication of quantitative approach is useful in managerial decision-making. KEYWORDS: Decision-making, growth, quantitative analysis, profit-maximizing, Cobb Douglas production function JEL CLASSIFICATION: C69, M21 1. INTRODUCTION Managerial economics is an areas of economic that deals with managerial decision-making process which forms part of the broader strategy used by top management in planning for future activities.
    [Show full text]
  • Business Economics
    BUSINESS ECONOMICS No two economic systems are the same. REQUIRED AND And yet, in today’s global business environment, an ELECTIVE COURSES understanding of how economies operate, and their MAJOR REQUIREMENTS Intermediate Price Theory relationships with one another, is critical. Intermediate Macroeconomics Research in Business Economics The Business Economics major EXPERIENTIAL LEARNING Introduction to Econometrics teaches you how to make sound You can choose to further your Two Economics electives business decisions, such as price classroom knowledge through and output determination, strategic our hands-on learning programs: Three courses within your concentration planning and forecasting. As a corporate partnerships, internships, BUSINESS ECONOMICS Business Economics major, you service–learning and study abroad. ELECTIVES (PARTIAL LIST) will have the flexibility to combine Labor Economics economics with a non-finance By participating in these opportunities, discipline. You may pursue a you will gain valuable real-world Development of Economic Thought concentration in a number of busi- experience, learn about diverse The Economics of Multinational ness areas including: people and perspectives, and gain Corporations new skills for living and working in n Economic analysis Modern Economic Systems a global community. n Entrepreneurship Urban and Regional Economics Environmental Economics n Information technology CAREERS Monetary Economics n International business A Bentley Business Economics Business Forecasting n Law degree provides you with virtually limitless career opportunities. Economics of Regulation and Antitrust n Management Students often begin their careers The Economics of Sports n Marketing in their concentration area, such International Economics If you are interested in a traditional as entrepreneurship or marketing. economics education, the Economic International Economic Growth Their positions might be in the and Development Analysis concentration may be a manufacturing, financial or service Economics of the European Union good fit for you.
    [Show full text]
  • Area13 ‐ Riviste Di Classe A
    Area13 ‐ Riviste di classe A SETTORE CONCORSUALE / TITOLO 13/A1‐A2‐A3‐A4‐A5 ACADEMY OF MANAGEMENT ANNALS ACADEMY OF MANAGEMENT JOURNAL ACADEMY OF MANAGEMENT LEARNING & EDUCATION ACADEMY OF MANAGEMENT PERSPECTIVES ACADEMY OF MANAGEMENT REVIEW ACCOUNTING REVIEW ACCOUNTING, AUDITING & ACCOUNTABILITY JOURNAL ACCOUNTING, ORGANIZATIONS AND SOCIETY ADMINISTRATIVE SCIENCE QUARTERLY ADVANCES IN APPLIED PROBABILITY AGEING AND SOCIETY AMERICAN ECONOMIC JOURNAL. APPLIED ECONOMICS AMERICAN ECONOMIC JOURNAL. ECONOMIC POLICY AMERICAN ECONOMIC JOURNAL: MACROECONOMICS AMERICAN ECONOMIC JOURNAL: MICROECONOMICS AMERICAN JOURNAL OF AGRICULTURAL ECONOMICS AMERICAN POLITICAL SCIENCE REVIEW AMERICAN REVIEW OF PUBLIC ADMINISTRATION ANNALES DE L'INSTITUT HENRI POINCARE‐PROBABILITES ET STATISTIQUES ANNALS OF PROBABILITY ANNALS OF STATISTICS ANNALS OF TOURISM RESEARCH ANNU. REV. FINANC. ECON. APPLIED FINANCIAL ECONOMICS APPLIED PSYCHOLOGICAL MEASUREMENT ASIA PACIFIC JOURNAL OF MANAGEMENT AUDITING BAYESIAN ANALYSIS BERNOULLI BIOMETRICS BIOMETRIKA BIOSTATISTICS BRITISH JOURNAL OF INDUSTRIAL RELATIONS BRITISH JOURNAL OF MANAGEMENT BRITISH JOURNAL OF MATHEMATICAL & STATISTICAL PSYCHOLOGY BROOKINGS PAPERS ON ECONOMIC ACTIVITY BUSINESS ETHICS QUARTERLY BUSINESS HISTORY REVIEW BUSINESS HORIZONS BUSINESS PROCESS MANAGEMENT JOURNAL BUSINESS STRATEGY AND THE ENVIRONMENT CALIFORNIA MANAGEMENT REVIEW CAMBRIDGE JOURNAL OF ECONOMICS CANADIAN JOURNAL OF ECONOMICS CANADIAN JOURNAL OF FOREST RESEARCH CANADIAN JOURNAL OF STATISTICS‐REVUE CANADIENNE DE STATISTIQUE CHAOS CHAOS, SOLITONS
    [Show full text]
  • SAMPLE - Four Year Plan Fall Semester Spring Semester
    BACHELOR of SCIENCE in BUSINESS ECONOMICS (#724) Department of Economics Gordon Ford College of Business Western Kentucky University The suggested program of study shown below should be used in consultation with your advisor(s). Every student will finish with a unique plan of his/her own depending on the electives selected. SAMPLE - Four Year Plan Fall Semester Spring Semester BA 175, University Experience Business 3 ACCT 200, Introductory Accounting – Financial 3 CIS 141, Basic Computer Literacy 3 Arts & Humanities (E-AH) 3 ECON 202, Principles of Economics – Micro (E-SB) 3 COMM 145, Fund Speaking (F-OC) 3 ENG 100, Introduction to College Writing (F-W1) 3 ECON 203, Principles of Economics – Macro (E-SB) 3 MATH 123, Mathematical Apps for Business (F-QR) 3 Literary Studies (F-AH) 3 TOTAL CREDIT HOURS 15 TOTAL CREDIT HOURS 15 Fall Semester Spring Semester ACCT 201, Introductory Accounting – Managerial 3 Connections1 (K-SC or K-LG or K-SY) 3 CIS 243, Principles of MIS 3 ECON 206, Statistics 3 HIST 101 OR 102, World History I OR II (F-SB) 3 MGT 200, Legal Environment of Business 3 MGT 210, Organization and Management 3 MKT 220, Basic Marketing Concepts 3 Natural & Physical Sciences (E-NS) 3 Natural & Physical Sciences with lab (E-SL) 3 TOTAL CREDIT HOURS 15 TOTAL CREDIT HOURS 15 For more details and courses offered in the Colonnade General Education program visit the https://www.wku.edu/colonnade/. Language Proficiency of novice-high before completing 60 credit hours is required (or completion of 2nd level of a language).
    [Show full text]
  • Business Economics B.S
    BUSINESS ECONOMICS B.S. Advising Worksheet (2020-2021) Name: _______________________________________ ID# ________________________ GENERAL EDUCATION (35 SEM HRS) BUSINESS CORE (39 SEM HRS) MAJOR REQUIREMENTS-BUS ECON (24 SEM HRS) Communications ACCT 2033, Intro to Financial Accounting MAJOR (9 Sem Hrs) ENG 1003, Composition I ACCT 2133, Intro to Managerial Accounting ECON 3313, Microeconomic Analysis ENG 1013, Composition II BCOM 2563, Business Communications ECON 3323, Money & Banking COMS 1203, Oral Communications CIT 1503, Microcomputer Apps or CS 1013 ECON 3353, Macroeconomic Analysis ECON 2323, Principles of Microeconomics Mathematics LAW 2023, Legal Environment of Business Junior/Senior Economics Electives (15 Sem Hrs) MATH 2143, Business Calculus STAT 3233, Applied Statistics or ECON 2113 (At least one from each of the following categories) OR MATH 2194 OR MATH 2204 CIT 3013, Management Information Systems International Elective Sciences CIT 3523, Operations Management ECON 4103, International Trade See Catalog 2017-2018 for complete list. FIN 3713, Business Finance ECON 4143, Export Policy and Procedures BIOL 1003 or other Biological Science MGMT 3123, Principles of Management ECON 4353, Economic Development BIOL 1001 or other Biological Science Lab MKTG 3013, Marketing ECON 468V, Special Problems in Economics PHSC 1203 or other Physical Science MGMT 4813, Strategic Management PHSC 1201 or other Physical Science Lab Public Policy and Business MGMT 4813 can only be taken after all core courses ECON 4323, Economic Policy Analysis Arts & Humanities - One of the following: ECON 4333, Government Regulation of Business have been completed and in the last semester ART 2503, Fine Arts Visual ECON 4363, Global Environmental Policies before graduation. MUS 2503, Fine Arts Music ECON 468V, Special Problems in Economics THEA 2503, Fine Arts Theatre Theory of the Firm One of the following: ELECTIVES (19 Sem Hrs) ECON 3363, Labor Economics ENG 2003, World Literature to 1660 Must include 3 upper-level hours.
    [Show full text]
  • Measuring the Small Business Economy
    BEA Working Paper Series, WP2020-4 Measuring the Small Business Economy Authors Tina Highfill, U.S. Bureau of Economic Analysis Richard Cao, U.S. Bureau of Economic Analysis Richard Schwinn, U.S. Small Business Administration, Office of Advocacy Richard Prisinzano, University of Pennsylvania Danny Leung, Statistics Canada Contact [email protected] Date March 2020 Abstract To better track the overall growth and relative contributions of small business in the U.S. econ- omy, the U.S. Bureau of Economic Analysis is developing new economic statistics by business size. The paper begins with a description of existing economic statistics for small businesses, in- cluding those from the U.S. Small Business Administration, U.S. Department of the Treasury, and Statistics Canada. We then present experimental estimates of 2012–2016 employment, wages, and wages per employee by enterprise size and industry, based on publicly available source data. We find wage and employment growth over the period was slowest for very small enterprises (those with less than 20 employees) and fastest for large enterprises (those with 500 or more employees), although this relationship differs across industries. Additionally, enterprises with 0–99 employees saw wages increase at a slower rate than medium and large enterprises (those employing 100 or more employees), lagging by 1.5 percent. A discussion of the measurement challenges related to developing a full suite of economic statistics for small businesses concludes the paper. Keywords Small business, large business, enterprises, employment, revenue JEL Code E01, A10 The views expressed in this paper are those of the authors and do not necessarily represent the U.S.
    [Show full text]