Mr Jose Vasquez Carvajal MAR 6.12

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.

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 in the ST.

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

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.

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 (90%, duration: 2 hours) in the January exam period.
Continuous assessment (10%) in the MT.