MG431      Half Unit
Managerial Economics

This information is for the 2021/22 session.

Teacher responsible

Professor Jose Vasquez


This course is available on the Global MSc in Management, Global MSc in Management (CEMS MiM) and Global MSc in Management (MBA Exchange). This course is not available as an outside option.

Course content

A graduate-level introduction to the foundations of managerial economics. Topics include:

1. Consumer choice under certainty and uncertainty.

2. The theory of the firm and organizations.

3. Strategic interaction and dynamic competition.

4. Information and efficiency.


20 hours of lectures and 10 hours of seminars in the MT. 2 hours of lectures and 2 hours of lectures in the ST.

Students on this course will have a reading week in Week 6 of MT, in line with departmental policy

Formative coursework

Problem sets will be assigned regularly. They are meant to be practice for the final exam and they do not count for the final grade. The course leader will provide solutions to the problem sets after their due date.

Indicative reading

Useful textbooks (in no particular order):

- T van Zandt; Firms, Price and Markets, available online (2006); S. Estrin et al, Microeconomics, Prentice Hall (2008).

- D M Kreps, Microeconomics for Managers, W. W. Norton (2004)

- B. Douglas Bernheim and Michael D. Whiston, Microeconomics, McGraw Hill (2008).

- R. Pindyck and D. Rubinfeld, Microeconomics, Pearson.


Reading lists will be provided at the beginning of the course.


Exam (100%, duration: 2 hours) in the summer exam period.

Course selection videos

Some departments have produced short videos to introduce their courses. Please refer to the course selection videos index page for further information.

Important information in response to COVID-19

Please note that during 2021/22 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 differing needs of students in attendance on campus and those who might be studying online. For example, this may involve changes to the mode of teaching 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 2020/21: 61

Average class size 2020/21: 32

Controlled access 2020/21: Yes

Value: Half Unit

Guidelines for interpreting course guide information

Personal development skills

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