Managerial Economics

By Ivan Png

Book Overview

Now in its seventh edition, Ivan Png's Managerial Economics has been extensively revised with new

running case study on competition in large language models among OpenAI, Anthropic, and DeepSeek, section on the experience curve, chapter on oligopoly.

As always, the text focuses on the economics that managers need to know. It presents the key concepts of microeconomics intuitively, without sophisticated mathematics and uses actual management applications from across the world.

The seventh edition is enhanced with fresh mini-cases and discussion questions, as well as detailed instructor supplements. It is an ideal text for any course focusing on the practical application of microeconomic principles to management.

• Format: Hardcover
• Language: English
• ISBN: 1041293593
• ISBN13: 9781041293590
• Release Date: October 2026
• Publisher: Routledge
• Length: 342 Pages

Customer Reviews

Very Easy to Read

The textbook is very easy to read & easily understood. One of the best textbooks I've had to read in a while.

To Business Leaders: This is the Managerial Economics book

As an undergraduate Economics minor, general manager of a software company, and current MBA candidate, I consider Png's Managerial Economics work an essential addition to any business leader's library - especially anyone required to make key, informed decisions in the presence of scarce resources.Dr. Png's Managerial Economics is head and shoulders above comparable managerial economics texts due to Png's use of relevant, real-world examples that drive home the course fundamentals. Dr. Png's content combines the science of Economics with the tenets of business strategy, providing the student with the perspective necessary to make intelligent business decisions in today's ever-changing business environment. Instead of plodding over-explanation or over-simplification like many comparable texts, Dr. Png's work delivers the course concepts with informed clarity. Instead of feeling stupefied or unworthy after reading each chapter of the text, I increasingly gained a sense of knowledge and understanding as I progressed. This is the great difference between Dr. Png's work and the other comparable texts I have used: instead of feeling mystified, I finished the book with a higher degree of workable, usable economic know-how, that I have already incorporated into my every-day decision makingI highly recommend Dr. Png's Managerial Economics (2nd. Ed.) text to any student of business or anyone simply interested in keeping current with cutting-edge economic thought.

To Business Leaders: This is the Managerial Economics book

As an undergraduate Economics minor, general manager of a software company, and current MBA candidate, I consider Png's Managerial Economics work an essential addition to any business leader's library - especially anyone required to make key, informed decisions in the presence of scarce resources.Dr. Png's Managerial Economics is head and shoulders above comparable managerial economics texts due to Png's use of relevant, real-world examples that drive home the course fundamentals. Dr. Png's content combines the science of Economics with the tenets of business strategy, providing the student with the key perspective needed to make intelligent business decisions in today's ever-changing business environment. Instead of plodding over-explanation or over-simplification like many comparable texts, Dr. Png's work delivers the course concepts with informed clarity. Instead of feeling stupefied or unworthy after reading each chapter of the text, I increasingly gained a sense of knowledge and understanding as I progressed. This is the great difference between Dr. Png's work and the other comparable texts I have used: instead of feeling mystified, I finished the book with a higher degree of workable, usable economic know-how, that I have already incorporated into my every-day decision makingI highly recommend Dr. Png's Managerial Economics (2nd. Ed.) text to any student of business or anyone simply interested in keeping current with cutting-edge economic thought.

Using this text in an undergraduate course.

I have used this book on several times, teaching an undergraduate managerial econ. course with 25-35 students. The overall reaction was good, most students understood the contents and felt that the text concentrated on usable tools, not just abstract economic models. The book may need supplementation for some types of students, something that allows them to do their own empirical or quasi empirical applicatons of some of the tools (e.g., a demand study using Excel).

If you were ask to choose 1 book for your business desk?

Let's say that you are not an economist, you are just a business man as I am, when you are ask about microecomics maybe you can still recall something from the university days... but what if you are ask about a soundly pricing policy? usage of elasticities? cost curves? marginal cost/revenues? Do you still feel comfortable with what you recall from university? Maybe not, like me. If you are wondering about having a single book of microeconomics, this book is the one you are looking for (it is also great for MBAs).