MG440E      Half Unit
Managerial Economics (modular)

This information is for the 2025/26 session.

Course Convenor

Prof Ricardo Alonso

Availability

This course is compulsory on the Executive Global MSc in Management. This course is not available as an outside option to students on other programmes.

This course is compulsory on the Executive Global MSc Management. This course is not available as an outside option. The information in this course guide pertains to the 2025-2027 cohort.

Course content

A graduate-level introduction to the foundations of managerial economics and its application to high-level business decisions. Topics include:

1. Economics as a theory of organisation
2. Demand, supply, and equilibrium: the determinants of consumers' and firms' market responses, the nature of non-strategic interaction
3. Perfectly Competitive Markets: Government Intervention and International Trade
4. Strategic interaction and Game Theory
5. Information and efficiency: adverse selection
6. Pricing with Market Power: Monopoly Pricing
7. Pricing with Market Power: Direct and Indirect Price Discrimination
8. Pricing with Market Power: Dynamic Pricing
9. Pricing with Market Power: Horizontal and Vertical Differentiation

Teaching

30 hours of teaching during module 1 of the EGMiM programme.

The teaching is highly participative and includes breakout discussions, business case analysis/discussion and group activities.

Formative assessment

Problem sets

 

Indicative reading

Indicative Reading

There is no ideal textbook for this course. The level of the issues that we address is postgraduate, but we avoid the highly technical methods that would characterize an MSc course in economics. Two books for optional background reading are B. Douglas Bernheim and Michael D. Whinston, Microeconomics, McGraw Hill, 2008, and the online book by Tim van Zandt Firms, Prices, and Markets, 2012, which can be found here Firms, Prices, and Markets.

Assessment

Course participation (15%)

Essay (70%)

Multiple choice quiz (15%)


Key facts

Department: Management

Course Study Period: Autumn Term

Unit value: Half unit

FHEQ Level: Level 7

CEFR Level: Null

Total students 2024/25: Unavailable

Average class size 2024/25: Unavailable

Controlled access 2024/25: No
Guidelines for interpreting course guide information

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