MG207      One Unit
Managerial Economics

This information is for the 2025/26 session.

Course Convenor

Dr Catherine Thomas

Dr Raquel Campos Gallego

Availability

This course is compulsory on the BSc in Management. This course is available on the Erasmus Reciprocal Programme of Study and Exchange Programme for Students from University of California, Berkeley. This course is freely available as an outside option to students on other programmes where regulations permit. It does not require permission. This course is available with permission to General Course students.

This course has a limited number of places (it is capped). Students who have this course as a compulsory course are guaranteed a place. Places for all other students are allocated on a first come first served basis.

Requisites

Mutually exclusive courses:

This course cannot be taken with EC201 or EC2A1 or EC2A3 at any time on the same degree programme.

Pre-requisites:

Students must have completed EC1A3 and MA107 before taking this course.

Course content

The objective of the course is to provide students with insights from economic theory which are relevant to applications in managerial decision making. The emphasis is on applying microeconomics ideas to solve problems. Topics covered include consumer theory, production, market structure, monopoly, oligopoly, pricing, game theory, bargaining, auctions, and asymmetric information.

Teaching

20 hours of lectures and 10 hours of classes in the Winter Term.
20 hours of lectures and 8 hours of classes in the Autumn Term.

This course has a reading week in Week 6 of Autumn and Winter Term.

In its Ethics Code, LSE upholds a commitment to intellectual freedom. This means we will protect the freedom of expression of our students and staff and the right to engage in healthy debate in the classroom.

Formative assessment

Students are expected to prepare answers to set problems on a weekly basis. Some of this work will be assessed. Assiduous preparation for the weekly tutorials is essential to achieve a good exam performance.

 

Indicative reading

No textbook covers the whole course but Hal R Varian, Intermediate Microeconomics with Calculus (International Student Edition) is the best textbook to use for the course. In addition, students are advised to refer to T C Bergstrom & H R Varian, Workouts in Intermediate Microeconomics (1990), which contains practice problems.

Assessment

Exam (100%), duration: 180 Minutes in the Spring exam period


Key facts

Department: Management

Course Study Period: Autumn and Winter Term

Unit value: One unit

FHEQ Level: Level 5

CEFR Level: Null

Total students 2024/25: 159

Average class size 2024/25: 18

Capped 2024/25: No
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

  • Problem solving
  • Application of numeracy skills
  • Commercial awareness
  • Specialist skills