MG440E Half Unit
Managerial Economics (modular)
This information is for the 2020/21 session.
Teacher responsible
Professor Ricardo Alonso
Availability
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 2020-2022 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
Teaching
Scheduled over two modules. Nine 3.5 hour sessions plus two review sessions.
The course will run between the following dates:
24 August - 05 September 2020
14-19 December 2020
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.
Assessment
Coursework (20%) and class participation (15%).
Other (65%) in the MT.
Coursework (20%), class participation (15%) and consulting project (65%).
Important information in response to COVID-19
Please note that during 2020/21 academic year some variation to teaching and learning activities may be required to respond to changes in public health advice and/or to account for the situation of students in attendance on campus and those studying online during the early part of the academic year. For assessment, this may involve changes to mode of delivery and/or the format or weighting of assessments. Changes will only be made if required and students will be notified about any changes to teaching or assessment plans at the earliest opportunity.
Key facts
Department: Management
Total students 2019/20: Unavailable
Average class size 2019/20: Unavailable
Controlled access 2019/20: No
Value: Half Unit
