MG465      Half Unit
Managerial Economics for Masters in Management Students

This information is for the 2022/23 session.

Teacher responsible

Prof Daniel Gottlieb 6.25 MAR

Availability

This course is compulsory on the MSc in Management (1 Year Programme). This course is not available as an outside option.

Course content

This course is a graduate-level introduction to managerial economics with a focus on its applicability to business decisions. Students will develop a rigorous way of thinking about managerial problems, issues and decisions that managers face, as well as enabling a better understanding of the external business environment in which an organisation operates.  The emphasis is on widely-used theoretical principles. Topics include an in-depth understanding of the geometric structure of the supply & demand model and its applications, the interaction of government and markets, efficiency analysis, international trade, game theory, monopoly and oligopoly strategy, price discrimination, dynamic competition, strategic moves, and information economics.

This course develops tools that are the foundation of courses in Marketing, Business Strategy, and Finance, which students will take in core courses throughout the rest of the year.

Teaching

20 hours of seminars and 9 hours of classes in the MT.

Formative coursework

Students will be expected to produce 5 problem sets in the MT.

Indicative reading

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).

Assessment

Exam (60%, duration: 2 hours) in the January exam period.
Class participation (10%) and in-class assessment (30%) in the MT.

Key facts

Department: Management

Total students 2021/22: 69

Average class size 2021/22: 18

Controlled access 2021/22: No

Lecture capture used 2021/22: Yes (MT)

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.

Personal development skills

  • Self-management
  • Team working
  • Problem solving
  • Communication
  • Application of numeracy skills
  • Commercial awareness