MG431 Half Unit
Managerial Economics
This information is for the 2019/20 session.
Teacher responsible
Prof Ignacio Palacios-Huerta
Availability
This course is available 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.
Course content
A graduate-level introduction to the foundations of managerial economics. Topics include:
1. Economics as a theory of organisation.
2. Economic Agents: Rationality and the co-ordination powers of the market (Demand and supply and equilibrium: the determinants of consumers' and firms' market responses and the nature of non-strategic interaction).
3. Strategic interaction and dynamic competition.
4. Information and efficiency.
Teaching
20 hours of lectures and 15 hours of seminars in the MT. 2 hours of lectures in the ST.
Students on this course will have a reading week in Week 6 of MT, in line with departmental policy
Formative coursework
A problem set will be assigned and is due two weeks later. It will be marked for feedback purposes only.
Indicative reading
Main textbooks:
T van Zandt; Firms, Price and Markets, available online (2006); S. Estrin et al, Microeconomics, Prentice Hall (2008).
Students can also consider: D M Kreps, Microeconomics for Managers, W. W. Norton (2004); B. Douglas Bernheim and Michael D. Whiston, Microeconomics, McGraw Hill (2008).
Reading lists will be provided at the beginning of the course.
Assessment
Exam (100%, duration: 2 hours) in the summer exam period.
Key facts
Department: Management
Total students 2018/19: 67
Average class size 2018/19: 14
Controlled access 2018/19: No
Value: Half Unit
Personal development skills
- Self-management
- Team working
- Problem solving
- Commercial awareness
- Specialist skills
