MG431 Half Unit
Managerial Economics
This information is for the 2025/26 session.
Course Convenor
Dr Jose Vasquez Carvajal
Availability
This course is compulsory 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 to students on other programmes.
Course content
A graduate-level introduction to the foundations of managerial economics. Topics include:
- Basics of demand and supply
- Choice under uncertainty.
- The theory of the firm and organizations.
- Strategic interaction and dynamic competition.
Teaching
2 hours of seminars in the Spring Term.
30 hours of seminars in the Winter Term.
This course has a reading week in Week 6 of 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
Sample exercises will be provided throughout the Winter 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)
- Hal Varian. Intermediate Microeconomics: A Modern Approach
- 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.
Assessment
Exam (100%), duration: 120 Minutes in the Spring exam period
Key facts
Department: Management
Course Study Period: Winter and Spring Term
Unit value: Half unit
FHEQ Level: Level 7
CEFR Level: Null
Total students 2024/25: 18
Average class size 2024/25: 6
Controlled access 2024/25: YesCourse 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