Managerial Economics and Organizational Architecture Review

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(More customer reviews)Besides being a well organized and example-packed textbook, I found Managerial Economics and Organizational Architecture to be a compact MBA refresher course -- and a useful reference for day-to-day problems. Thinking about business organizations as rational individuals responding to incentives and new information simply fits the facts. The three basic elements developed in this book allow managers to translate this logical thinking into operational decisions: allocating decision rights, measuring performance, and compensating individuals and groups. The power of this approach in analyzing common management problems equips the reader with a rich set of tools for identifying and solving them.

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"Managerial Economics and Organizational Architecture, 5e" helps the student to gain an understanding of the basic tools of economics used to solve important business problems. It also provides an in-depth analysis of the firm and corporate governance topics. The fifth edition has an improved focus on decision-making and managerial applications, within the structure of an organization.

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Money, Banking and Financial Markets Review

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I've read the books of Mishkin and Hubbard, also well written pieces.
However, Cecchetti seems to be able to explain concepts with more clarity and in a way that makes one remember the various theories long after reading the book.
He should try to develop further the chapter on futures and give more emphasis on hedging, since this is the trend financial markets are moving towards these days, without having to impinge on books devoted solely to the topic.
He may also want to expound more on the chapter covering foreign exchange and international markets, to make the book more relevant to international readers.
on the chapter on monetary policy, since he touched on foreign central banks he may also wish to write about how other countries implement monetary policy, esp how the Bank of England uses the repo market to conduct money easing/contraction.
Am looking forward to a much-improved version in the future.

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Stephen Cecchetti's new text on Money and Banking offers a fresh, more modern, and more student-friendly approach to the subject. The author has drawn on his vast experience as Vice President at the Federal Reserve Bank of New York, publishing in and editing various journals, and consulting for the European Central Bank, the Bank of England, the Bank of Israel, and the Reserve Bank of Australia as well as his years of teaching at various schools including Ohio State, Brandeis, Princeton, and Oxford University. Students will find the material more relevant and interesting because of the book's unique emphasis on the Five Core Principles, the early introduction of risk, and an integrated global perspective. "Cecchetti" is the money and banking book for today's students; by focusing on the big picture via core principles, "Cecchetti" teaches students the rationale for financial rules and institutional structure so that even when the financial system evolves, students' knowledge will not be out of date.

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