Mr Jose Vasquez Carvajal MAR 6.12

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.

A graduate-level introduction to the foundations of managerial economics. Topics include:

1. Basics of demand and supply

2. Choice under uncertainty.

3. The theory of the firm and organizations.

4. Strategic interaction and dynamic competition.

20 hours of lectures and 10 hours of seminars in the WT. 2 hours of lectures in the ST.

Students on this course will have a reading week in Week 6 of WT, in line with departmental policy.

In its Ethics Code, LSE upholds a commitment to intellectual freedom. This means we will protect the freedom of expression of our students and staff and the right to engage in healthy debate in the classroom.

Sample exercises will be provided throughout the Winter Term and will be discussed during the class sessions. These sample exercises do not count for your mark in the course.

Useful textbooks (in no particular order):

• Nick Wilkinson, Managerial Economics. Cambridge University Press
• D M Kreps, Microeconomics for Managers, W. W. Norton (2004)
• B. Douglas Bernheim and Michael D. Whiston, Microeconomics, McGraw Hill (2008).
• R. Pindyck and D. Rubinfeld, Microeconomics, Pearson.

Reading lists will be provided at the beginning of the course.

Exam (100%, duration: 2 hours) in the spring exam period.