MG431      Half Unit
Managerial Economics

This information is for the 2023/24 session.

Teacher responsible

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.

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.


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

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

Formative coursework

Sample exercises will be provided throughout the Autum Term and will be discussed during the class sessions. These sample exercises do not count for your mark in the course.

Indicative reading

Useful textbooks (in no particular order):

- Nick Wilkinson, Managerial Economics. Cambridge University Press

- 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 January exam period.

Key facts

Department: Management

Total students 2022/23: 24

Average class size 2022/23: 16

Controlled access 2022/23: Yes

Lecture capture used 2022/23: 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
  • Commercial awareness
  • Specialist skills