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Managerial Economics, 17th Edition

Mark Hirschey, Eric Bentzen, Carsten Scheibye, Leonardo Santiago

  • Copyright 2026
  • {{checkPublicationMessage('Available 23 February 2026', '2026-02-23T00:00:00+0000')}}
Starting At £46.39 See pricing and ISBN options
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Managerial Economics 17th Edition by Mark Hirschey/Eric Bentzen/Carsten Scheibye/Leonardo Santiago
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Overview

The seventeenth edition of Managerial Economics combines quantitative methods and economic analysis with a practical, problem-solving approach to enable students to develop the skills required to make informed managerial decisions.

The text’s unique, integrative approach demonstrates the cohesive nature of organizations and how business decisions are interdisciplinary - accounting, finance, marketing, personnel and production functions all need to integrate effectively, to ensure success.

Using economic concepts and tools applied to updated and engaging examples of real-world companies and management situations, the authors provide a robust approach to the practical application of the academic principles of managerial economics.

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Meet the Authors

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Mark Hirschey

The late Mark Hirschey was the Anderson W. Chandler Professor of Business at the University of Kansas, where he taught undergraduate and graduate courses in managerial economics and finance. Professor Hirschey was also president of the Association of Financial Economists and a member of several professional organizations.

Eric Bentzen

Eric Bentzen is Associate Professor at Copenhagen Business School, where he teaches undergraduate and graduate courses in Managerial Economics and Business Analytics. He is a member of several professional organizations. He has published in Applied Financial Economics, European Journal of Finance, Management Decision, Financial Markets and Portfolio Management, and other leading academic journals.

Carsten Scheibye

Carsten Scheibye is Assistant Professor at Copenhagen Business School, where he teaches undergraduate courses in Managerial Economics. He has significant experience in course coordination and management as well as within didactical and pedagogical development of the learning environment surrounding the field of Managerial Economics. In addition, he has received educational prizes for his teaching abilities. Among these are the Education Prize from the Danish Society of Business and Education.

Leonardo Santiago

Leonardo Santiago is Associate Professor at Copenhagen Business School, where he teaches undergraduate and graduate courses in Managerial Economics and Business Analytics. His research has been published in leading academic outlets such as Management Science, and IEEE Transactions on Engineering Management. Leonardo Santiago has received multiple teaching awards in recognition for his outstanding contribution to higher education.

What's New

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  • The new edition directly addresses the latest environmental concerns impacting managerial economics decision-making, including climate change, energy efficient action and renewable energy development, helping students to engage with these critical issues.
  • Revised real world company cases and examples on a broad range of topics offer students insight into the latest economic developments in business.
  • Updated figures, tables and statistics provide students with data sources typical of those they can expect to work with in future managerial positions.

Features

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  • Each chapter features a wide variety of detailed practical illustrations and numerical examples to support help students build a strong understanding of economic concepts and how they relate to important business decisions.
  • The text combines theory and applications to equip students with a unique combination of business knowledge and economic skills to enable them to succeed both in their courses, and their future careers.
  • ‘Managerial Applications’ feature boxes and case studies throughout, help students understand the many challenges faced by businesses operating in an increasingly global marketplace.
  • A case study is included in each chapter, providing an example of how the economic concepts covered can be applied in real world scenarios.
  • Useful practice questions and solutions at the end of each chapter help students test their understanding of how economic tools and techniques are used to solve practical business problems.

Table of Contents

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Part 1: Overview of Managerial Economics
1. Nature and Scope of Managerial Economics
2. Economic Optimization
3. Demand and Supply

Part 2: Demand Analysis and Estimation
4. Demand Analysis
5. Demand Estimation
6. Forecasting

Part 3: Production and Competitive Markets
7. Production Analysis
8. Cost Analysis and Estimation
9. Linear Programming
10. Competitive Markets
11. Performance and Strategy in Competitive Markets

Part 4: Imperfect Competition
12. Monopoly and Monopsony
13. Monopolistic Competition and Oligopoly
14. Game Theory and Competitive Strategy
15. Pricing Practices

Part 5: Long-Term Investment Decisions
16. Risk Analysis
17. Capital Budgeting
18. Organization Structure and Corporate Governance
19. Government in the Market Economy

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  • ISBN-10: 1473795540
  • ISBN-13: 9781473795549
  • RETAIL £46.39

  • ISBN-10: 1473795508
  • ISBN-13: 9781473795501
  • RETAIL £57.99
Instructor Next Steps
Students: Buy now