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: NoCourse selection videos
Some departments have produced short videos to introduce their courses. Please refer to the course selection videos index page for further information.