MANAGERIAL ECONOMICS AND CUSTOMER SATISFACTION

Uses examples to illustrate the trade-offs to be made between operating efficiency and customer satisfaction.Consumer/Household Economics,

Ouverture de ‘Over-Supply and Global Markets – 2’

Globalisation and over-supplied markets impose new behaviour to achieve stable performance, with corporate strategies based on: downsizing, networking, merging, development of intangibles. Global markets redefine competition space (market-space competition) and assert global managerial economics which interfaces with a competition space where markets are open and highly permeable to information; trade conditions development with an active role as intermediary on a global scale; and finally, companies –manufacturing,commercial and retail– grow with networking models.Global Competition; Over-Supply; Market-Space; Private Labels; Global Managerial Economics

Price Rigidity and Flexibility: Recent Theoretical Developments

The price system, the adjustment of prices to changes in market conditions, is the primary mechanism by which markets function and by which the three most basic questions get answered: what to produce, how much to produce and for whom to produce. To the behaviour of price and price system, therefore, have fundamental implications for many key issues in microeconomics and industrial organization, as well as in macroeconomics and monetary economics. In microeconomics, managerial economics, and industrial organization, economists focus on the price system efficiency. In macroeconomics and monetary economics, economists focus on the extent to which nominal prices fail to adjust to changes in market conditions. Nominal price rigidities play particularly important role in modern monetary economics and in the conduct of monetary policy because of their ability to explain short-run monetary non-neutrality. The behaviour of prices, and in particular the extent of their rigidity and flexibility, therefore, is of central importance in economics. This introductory essay briefly summarizes the eight studies of price rigidity that are included in this special issue.Price Rigidity; Price Flexibility; Cost of Price Adjustment; Menu Cost; Managerial and Customer Cost of Price Adjustment; New Keynesian Economics; Price System

In the field:Coase an exemplar in the tradition of Smith, Marshall and Ostrom

This paper argues that Coase provides the primary 20th century exemplar of the grounding of analytical developments in economics in direct fieldwork observation. In particular, his focus on the business enterprise, its internal functions (including decision-making), and its external relations (including contracting) has provided a stimulus for radical developments in microeconomics and in managerial and decision economics in particular. The argument is developed by a stylization of the development of economics, referring to Adam Smith in the 18th century, Alfred Marshall in the 19th century, Ronald Coase in the 20th century, and Elinor Ostrom in the 21st century

ECON 420 Managerial Economics

Course syllabus for ECON 420 Managerial Economics Course description: Deals with analysis and theoretical constructs of microeconomics applied to managerial decision making. Emphasizes consumer demand, production and cost analysis, business behavior, market performance, and growth equilibrium

ECON 420 Managerial Economics

Course syllabus for ECON 420 Managerial Economics Course description: Deals with analysis and theoretical constructs of microeconomics applied to managerial decision making. Emphasizes consumer demand, production and cost analysis, business behavior, market performance, and growth equilibrium

ECON 420 Managerial Economics

Course syllabus for ECON 420 Managerial Economics Course description: Deals with analysis and theoretical constructs of microeconomics applied to managerial decision making. Emphasizes consumer demand, production and cost analysis, business behavior, market performance, and growth equilibrium

ECON 420 Managerial Economics

Course syllabus for ECON 420A Managerial Economics Course description: Deals with analysis and theoretical constructs of microeconomics applied to managerial decision making. Emphasizing consumer demand, production and cost analysis, business behavior, market performance and growth equilibrium

ECON 420 Managerial Economics

Course syllabus for ECON 420 Managerial Economics Course description: Deals with analysis and theoretical constructs of microeconomics applied to managerial decision making. Emphasizing consumer demand, production and cost analysis, business behavior, market performance and growth equilibrium

ECON 420 Managerial Economics

Course syllabus for ECON 420 Managerial Economics Course description: Deals with analysis and theoretical constructs of microeconomics applied to managerial decision making. Emphasizing consumer demand, production and cost analysis, business behavior, market performance and growth equilibrium