Aiming to address undergraduates, MBA students, and aspiring managers, this text introduces the principles of business economics. Nellis and Parker, who work in international management economics and privatization and regulation at Cranfield U. in the UK, cover consumer and production theory, price determination, analyzing markets, managerial objectives and competitive strategy, and the market for inputs. This edition has been updated and revised, with new international case study applications and material on the government's role and intervention in economics. There is no bibliography. Annotation ©2007 Book News, Inc., Portland, OR (booknews.com)