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: Yes(170)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