Managerial Economics (2225.YR.006222.1)
General information
Type: |
OBL |
Curs: |
1 |
Period: |
S semester |
ECTS Credits: |
3 ECTS |
Teaching Staff:
Prerequisites
This course goes beyond the standard (undergraduate) introductory Economics class. Therefore previous exposure to Microeconomics Principles, Statistics, basic Algebra and Calculus is helpful.
Workload distribution
- Lecturing
- Group discussions
- Student presentations
Course Learning Objectives
The aim of the course is to equip students with some basic economic theory and methods that are relevant to the study of business decision-making. Consequently, the course will provide the theoretical grounding for understanding the behavior of consumers and firms, and their interactions in the market. The course will also introduce students to basic modelling and quantitative techniques that are useful to researchers in management sciences.
Competences
| 22. Ability to work in multidisciplinary and multicultural teams |
CONTENT
1. The Fundamentals of Managerial Economics a. The economic framework: markets, institutions and incentives
b. Methods and tools in economic analysis
c. Review of some basic economic concepts |
2. Quantitative Demand Analysis |
3. Production and Cost Analysis |
4. Market Structures |
5. Managing with Market Power |
6. Game Theory |
7. Strategic Interactions Between Firms |
8. The Role of Information |
9. Strategic Interaction within Firms |
10. Advanced Topics in Managerial Economics |
Relation between Activities and Contents
|
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
| Final exam |
|
|
|
|
|
|
|
|
|
|
| Assignment |
|
|
|
|
|
|
|
|
|
|
| Paper presentation |
|
|
|
|
|
|
|
|
|
|
| Attendance and participation |
|
|
|
|
|
|
|
|
|
|
Methodology
.
ASSESSMENT
ASSESSMENT BREAKDOWN
| Description |
% |
| Final exam |
50 |
| Assignment |
20 |
| Paper presentation |
20 |
| Attendance and participation |
10 |
Assessment criteria
Attendance and participation (10%),assignment (20%), paper presentation (20%), closed book exam (50%).
There is one retake exam allowed that the student can use if she misses the final or wants to improve her grade in the final exam. The weight of the retake in the total grade is the one stated in the syllabus (50%).
Bibliography
There is no required textbook for this class. However, the course will draw on the following sources (occasionally supplemented by research papers):
Thomas, Christopher R. & S. Charles Maurice, Managerial Economics - Foundations of Business Analysis and Strategy, 10th edition, McGraw-Hill (2011)
Gujarati, Damodar. Econometrics by Example, Palgrave Macmillan (2011)
