Master in Business Administration

Managerial Economics

Learning Outcomes

The aim of this course is to develop students’ understanding of the key concepts and principles of Managerial Economics.

To successfully complete this course students must be able to:

  • Apply economic reasoning to explain (consumer/producer) behavior
  • Identify and analyse a managerial decision making problem within an economics framework
  • Understand how markets work (in perfect an imperfect competition)
  • Critically analyze pricing decisions
  • Understand the effect of uncertainty and irrationality on decision making

Course Content

  • This course will cover topics related to:
  • Consumption decisions • Demand Estimation
  • Production decisions (production theory/cost analysis)
  • Pricing decisions
  • Uncertainty & Risk
  • Behavioral Economics