MG440E Half Unit
Managerial Economics (modular)
This information is for the 2024/25 session.
Teacher responsible
Professor Ricardo Alonso
Availability
This course is compulsory on the Executive Global MSc in Management. This course is not available as an outside option.
The information in this course guide pertains to the 2024-2026 cohort.
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
3. Perfectly Competitive Markets: Government Intervention and International Trade
4. Strategic interaction and Game Theory
5. Information and efficiency: adverse selection
6. Pricing with Market Power: Monopoly Pricing
7. Pricing with Market Power: Direct and Indirect Price Discrimination
8. Pricing with Market Power: Dynamic Pricing
9.Pricing with Market Power: Horizontal and Vertical Differentiation
Teaching
31.5 hours of lectures in the AT.
Nine 3.5 hour sessions plus one review session.
Formative coursework
Students will be expected to produce one problem set in the AT.
Indicative reading
Optional textbook: B. Douglas Bernheim and Michael D. Whinston, Microeconomics, McGraw Hill, 2008. Further readings will be provided at the beginning of the course.
Assessment
Class participation (15%), other (70%) and multiple choice quiz (15%) in the AT.
Class Participation (15%), Consulting Project (70%) and Multiple Choice Summative Assessment (15%)
Key facts
Department: Management
Total students 2023/24: Unavailable
Average class size 2023/24: Unavailable
Controlled access 2023/24: No
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.
