MG440E      Half Unit
Managerial Economics (modular)

This information is for the 2022/23 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 2022-2024 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

3. Perfectly Competitive Markets: Government Intervention and International Trade.

4. Strategic interaction and Game Theory

5. 
Information and efficiency: adverse selection

6. Pricing with Market Power: Monopoly Pricing.

7. Pricing with Market Power: Direct and Indirect Price Discrimination

8. Pricing with Market Power: Dynamic Pricing.

9.Pricing with Market Power: Horizontal and Vertical Differentiation.

Teaching

Scheduled over two modules. Nine sessions plus two review sessions

The course will run between the following dates:

22 August - 03 September 2022

12 - 17 December 2022

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%).


Key facts

Department: Management

Total students 2021/22: Unavailable

Average class size 2021/22: Unavailable

Controlled access 2021/22: No

Value: Half Unit

Guidelines for interpreting course guide information

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.