MG431      Half Unit
Managerial Economics

This information is for the 2015/16 session.

Teacher responsible

Dr Jordi Blanes i Vidal


This course is compulsory on the MSc in Management and MSc in Management (CEMS MIM). This course is not available as an outside option.

Course content

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

Formative coursework

A problem set will be assigned and is due two weeks later. It will be marked for feedback purposes only.

Indicative reading

Main textbooks:

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.

Key facts

Department: Management

Total students 2014/15: 97

Average class size 2014/15: 49

Controlled access 2014/15: Yes

Lecture capture used 2014/15: Yes (MT)

Value: Half Unit

Guidelines for interpreting course guide information

Personal development skills

  • Self-management
  • Team working
  • Problem solving
  • Commercial awareness
  • Specialist skills