MG440 Half Unit
Managerial Economics (modular)
This information is for the 2014/15 session.
Teacher responsible
Professor Luis Rayo (University of Utah, David Eccles School of Business).
Availability
This course is compulsory on the Executive Global MSc Management. This course is not available as an outside option.
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, government intervention, international trade
3. Externalities and market failure
4. Strategic interaction: voting, oligopoly, sequential rationality
5. Price discrimination: nonlinear pricing, social economics
6. Choice under uncertainty: attitudes towards risk
7. Information and efficiency: adverse selection
8. Behavioural economics: some examples
Teaching
32 hours of lectures in the MT.
Scheduled over one module. Eight 4 hour sessions plus two review sessions.
Formative coursework
Students will be expected to produce 1 problem sets in the MT.
Indicative reading
Optional textbooks: Saul Estrin et al., Microeconomics, Prentice Hall, 2008. B. Douglas Bernheim and Michael D. Whinston, Microeconomics, McGraw Hill, 2008. Further readings will be provided at the beginning of the course.
Assessment
Coursework (20%), class participation (20%) and take home exam (60%).
Key facts
Department: Management
Total students 2013/14: Unavailable
Average class size 2013/14: Unavailable
Controlled access 2013/14: No
Lecture capture used 2013/14: No
Value: Half Unit