In today's global recession, strong management of firmsand organizations are of the utmost importance. Economics ofStrategy focuses on the key economic concepts students mustmaster in order to develop a sound business strategy. The text alsobrings economic theory and strategic analysis to life in anengaging and uniquely modern way. Besanko, Dranove, Shanley, andSchaefer have collaborated for over 15 years to build anintroductory business course that combines basic concepts fromeconomic theory of the firm and industrial organization with ideasfrom modern strategy literature.
Ideal for undergraduate managerial economics and business strategycourses, Economics of Strategy offers real-worldapplications to make these courses more relevant. Armed withgeneral principles, today's students--tomorrow'sfuture managers--will be prepared to adjust their firms'business strategies to the demands of the ever-changingenvironment
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Professor David Besanko is the Alvin J. Huss Distinguished Professor of Management and Strategy at the Kellogg School of Management at Northwestern University. Besanko is a Kellogg graduate, having received his PhD in Managerial Economics and Decision Sciences in 1982. He received his AB in Political Science from Ohio University in 1977. Before joining the Kellogg faculty in 1991, Professor Besanko was a member of the faculty of the School of Business at Indiana University from 1982 to 1991. In addition, in 1985, he held a post-doctorate position on the Economics Staff at Bell Communications Research. Professor Besanko's research covers topics relating to industry dynamics, competitive strategy, industrial organization, the theory of the firm, and economics of regulation. He has received grants from the National Science Foundation and from the Citicorp Behavioral Science Research Council to support this research.
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