Annotation
The MOST relevant content of any Managerial Economics Text. There is significant coverage of the economic crisis of 2008 and 2009. Bear Stearns, Lehman Brothers, Washington Mutual, and many other protogonists in the ongoing economic drama are discussed. And the topics of moral hazard, principal agent, adverse selection, and risk analysis — all critical for understanding the crisis — are treated at length and in depth.
