MG465 Half Unit
Managerial Economics for Masters in Management Students
This information is for the 2023/24 session.
Teacher responsible
Prof Daniel Gottlieb 6.25 MAR
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
30 hours of combined lectures and seminars in the AT.
Formative coursework
Students will be expected to produce 5 problem sets in the AT.
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: 2 hours) in the January exam period.
Class participation (10%) and in-class assessment (30%) in the AT.
Key facts
Department: Management
Total students 2022/23: 88
Average class size 2022/23: 18
Controlled access 2022/23: Yes
Lecture capture used 2022/23: Yes (MT)
Value: Half Unit
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.
Personal development skills
- Self-management
- Team working
- Problem solving
- Communication
- Application of numeracy skills
- Commercial awareness