MG465 Half Unit
Managerial Economics for Masters in Management Students
This information is for the 2021/22 session.
Teacher responsible
Daniel Gottlieb
Availability
This course is compulsory on the MSc in Management (1 Year Programme). This course is not available as an outside option.
Course content
This course is a graduate-level introduction to managerial economics with a focus on its applicability to business decisions. Students will develop a rigorous way of thinking about managerial problems, issues and decisions that managers face, as well as enabling a better understanding of the external business environment in which an organisation operates. The emphasis is on widely-used theoretical principles. Topics include an in-depth understanding of the geometric structure of the supply & demand model and its applications, the interaction of government and markets, efficiency analysis, international trade, game theory, monopoly and oligopoly strategy, price discrimination, dynamic competition, strategic moves, and information economics.
This course develops tools that are the foundation of courses in Marketing, Business Strategy, and Finance, which students will take in core courses throughout the rest of the year.
Teaching
20 hours of seminars and 9 hours of classes in the MT.
Formative coursework
Students will be expected to produce 5 problem sets in the MT.
Indicative reading
T van Zandt; Firms, Price and Markets, available online (2006); S. Estrin et al, Microeconomics, Prentice Hall (2008).
D M Kreps, Microeconomics for Managers, W. W. Norton (2004); B. Douglas Bernheim and Michael D. Whiston, Microeconomics, McGraw Hill (2008).
Assessment
Exam (60%, duration: 3 hours) in the January exam period.
Class participation (15%) and in-class assessment (25%) in the MT.
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.
Important information in response to COVID-19
Please note that during 2021/22 academic year some variation to teaching and learning activities may be required to respond to changes in public health advice and/or to account for the differing needs of students in attendance on campus and those who might be studying online. For example, this may involve changes to the mode of teaching delivery and/or the format or weighting of assessments. Changes will only be made if required and students will be notified about any changes to teaching or assessment plans at the earliest opportunity.
Key facts
Department: Management
Total students 2020/21: 74
Average class size 2020/21: 15
Controlled access 2020/21: Yes
Value: Half Unit
Personal development skills
- Self-management
- Team working
- Problem solving
- Communication
- Application of numeracy skills
- Commercial awareness
