MG431 Half Unit
This information is for the 2016/17 session.
Professor Ignacio Palacios-Huerta
This course is compulsory on the MSc in Management, MSc in Management (CEMS MIM) and MSc in Management (MiM Exchange). This course is not available as an outside option.
A graduate-level introduction to the foundations of managerial economics. Topics include:
1. Economics as a theory of organisation.
2. Economic Agents: Rationality and the co-ordination powers of the market (Demand and supply and equilibrium: the determinants of consumers' and firms' market responses and the nature of non-strategic interaction).
3. Strategic interaction and dynamic competition.
4. Information and efficiency.
20 hours of lectures and 15 hours of seminars in the MT.
Students on this course will have a reading week in Week 6 of MT, in line with departmental policy
A problem set will be assigned and is due two weeks later. It will be marked for feedback purposes only.
T van Zandt; Firms, Price and Markets, available online (2006); S. Estrin et al, Microeconomics, Prentice Hall (2008).
Students can also consider: D M Kreps, Microeconomics for Managers, W. W. Norton (2004); B. Douglas Bernheim and Michael D. Whiston, Microeconomics, McGraw Hill (2008).
Reading lists will be provided at the beginning of the course.
Exam (100%, duration: 2 hours) in the main exam period.
Total students 2015/16: 89
Average class size 2015/16: 15
Controlled access 2015/16: Yes
Lecture capture used 2015/16: Yes (MT)
Value: Half Unit
Personal development skills
- Team working
- Problem solving
- Commercial awareness
- Specialist skills