Managerial Economics & Organizational Architecture, 5th Edition
James Brickley, Jerold Zimmerman, Clifford W. Smith, Jr.
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PRESCRIBED TEXT FOR ECOS3003 AT THE UNIVERSITY OF SYDNEY, SEMESTER 2 2010
Managerial Economics and Organizational Architecture, 5e helps the student to gain an understanding of the basic tools of economics used to solve important business problems. It also provides an in-depth analysis of the firm and corporate governance topics. The Fifth Edition has an improved focus on decision-making and managerial applications, within the structure of an organization.
# Managerial decision problems: Real-world scenario boxes enable students to immediately apply what they have learned as they employ economic analysis to make the best managerial decisions in a given, realistic situation.
# Self-Evaluation Problems with Solutions: New Self-Evaluation problems at the end of the chapter focus on the standard types of economic issues that students will face in relation to the chapter topics. The accompanying solutions provide both the opportunity to check the answers and to see concrete examples of how these types of problems are solved.
# Updated boxed material in each chapter: Boxed examples, now divided into Managerial, Academic, and Historical Applications to highlight topic relevance, have been updated with new information. New boxes have also been added to keep the text current.
# Comprehensive, cross-functional framework: The authors describe and integrate important research findings published across several functional areas, then demonstrate how to apply the framework to specific organizational problems.
# Topic integration of strategy and organizational architecture: Students learn how elements of the business environment (technology, competition, and regulation) drive the firm?s choice of strategy as well as the interaction of strategy choice an organizational architecture.
# Problems and exercises: Real organizational problems, both within the chapter and at chapters end, are drawn from the business press and consulting engagements. The authors have structured exercises that provide readers with a broad array of opportunities to apply the framework to problems like ones they encounter as managers.
Table of Contents
PART 1: Basic Concepts
Chapter 1: Introduction
Chapter 2: Economists' View of Behavior
Chapter 3: Markets, Organizations, and the Role of Knowledge
PART 2: Managerial Economics
Chapter 4: Demand
Chapter 5: Production and Cost
Chapter 6: Market Structure
Chapter 7: Pricing with Market Power
Chapter 8: Economics of Strategy: Creating and Capturing Value
Chapter 9: Economics of Strategy: Game Theory
Chapter 10: Incentive Conflicts and Contracts
PART 3: Designing Organizational Architecture
Chapter 11: Organizational Architecture
Chapter 12: Decision Rights: The Level of Empowerment
Chapter 13: Decision Rights: Bundling Tasks into Jobs and Subunits
Chapter 14: Attracting and Retaining Qualified Employees
Chapter 15: Incentive Compensation
Chapter 16: Individual Performance Evaluation
Chapter 17: Divisional Performance Evaluation
Capstone Case Study on Organizational Architecture: Arthur Andersen LLP
PART 4: Applications of Organizational Architecture
Chapter 18: Corporate Governance
Chapter 19: Vertical Integration and Outsourcing
Chapter 20: Leadership: Motivating Change within Organizations
Chapter 21: Understanding the Business Environment: The Economics of Regulation
Chapter 22: Ethics and Organizational Architecture
Chapter 23: Organizational Architecture and the Process of Management Innovation