MG440E      Half Unit
Managerial Economics (modular)

This information is for the 2019/20 session.

Teacher responsible

Dr. Ricardo Alonso


This course is compulsory on the Executive Global MSc in Management. This course is not available as an outside option.

The information in this course guide pertains to the 2019-2021 cohort.

Course content

A graduate-level introduction to the foundations of managerial economics and its application to high-level business decisions. Topics include:

1. Economics as a theory of organisation.

2. Demand, supply, and equilibrium: the determinants of consumers' and firms' market responses, the nature of non-strategic interaction, government intervention, international trade

3. Externalities and market failure

4. Strategic interaction and Game Theory

5. Choice under uncertainty: attitudes towards risk

6. Information and efficiency: adverse selection

7. Price discrimination: nonlinear pricing, social economics

8. Horizontal and Vertical Differentiation

9. Competition


Scheduled over two modules. Nine 3.5 hour sessions plus two review sessions

The course will run between the following dates:

  • 26 August - 07 September 2019
  • 16 - 21 December 2019

Formative coursework

Students will be expected to produce 1 problem set in the MT.

Indicative reading

Optional textbook: B. Douglas Bernheim and Michael D. Whinston, Microeconomics, McGraw Hill, 2008. Further readings will be provided at the beginning of the course.


Coursework (20%), class participation (15%) and take home exam (65%).

Key facts

Department: Management

Total students 2018/19: Unavailable

Average class size 2018/19: Unavailable

Controlled access 2018/19: No

Value: Half Unit

Guidelines for interpreting course guide information