Managerial Economics

Catalogue des cours de Institut Mines-Télécom Business School

Code

MPFE ECO 7001

Niveau

MSc

Semestre

Fall

Domaine

Economie

Langue

Anglais/English

Crédits ECTS

3

Heures programmées

24

Charge de travail

100

Coordonnateur(s)

Département

  • Droit, Economie et Finance
  • Management, Marketing et Stratégie

Acquis d'apprentissage

The course intends to study the economic theory in order to apply them to managerial decisions. Additionally, the course aims to help the understanding of the industry structure and the managers’ strategic behaviour. It puts emphasis in the complexity and changing business environment.

Contenu

The aim of this course is to introduce students to economic way of thinking about common managerial problems. Students will learn basic formal economic models of consumer behaviour, firm’s production decision, competition and market structure.

In the first part of the course we revise the main principles and core concepts of economics: cost-benefit principle, opportunity cost, supply and demand curves, and market equilibrium. We will also build a simple formal model of consumer behaviour and firm’s production decision given market prices for firm’s inputs and output. In the second part of the course we will focus on typical market structures: competitive markets, markets under monopoly and markets dominated by few firms (with a short introduction to the game theory to analyse firms’ strategic behaviour).

Evaluation

Successful completion of classroom and homework exercises is a necessary condition to pass the course tested with 3 classroom quizzes.
• Test quizzes (50%)
• Final exam (50%)

Approches pédagogiques

A typical class consists of a lecture, where main concepts are explained, followed by a problem solving session, where students should apply learned theory to qualitative and numerical examples. Homework exercises to be done between the classes intended to help the students to learn better new material and will be discussed at the beginning of the next class.

Programme

Master of Science

Fiche mise à jour le 04/11/2019