Managerial Econ – Cotrugli


Course outline: Managerial Economics (Cotrugli) January/February 2017

Background readings:

The textbook is Markets for Managers by Anthony J. Evans (Wiley, 2014). Final exam questions will based on the + questions from the Problem Set.

I wrote it specifically for this course and all students are advised to read it in conjunction with the lectures. In addition, the website provides a number of interactive features including videos. More details are here: http://www.marketsformanagers.com.

There are plenty of other good textbooks on the market. I also recommend Managerial Economics by Luke M. Froeb, Brian T. McCann, Michael R. Ward and Mikhael Shor (Thomson Southwestern 3rd edition, 2013) and A Concise Guide to Macroeconomics by David Moss (Harvard Business School Press, 2007).

Course handouts: download here (zip)


Day 1

1. Incentives matter*

2. Understanding cost*

3. Auctions

Hild, M., Dwidevy, A., and Raj, A., “The Biggest Auction Ever: 3G Licensing in Western Europe”, Darden Business Publishing, 2004 (£)

4. Adverse Selection

5. Prediction markets

Coles, Peter, Lakhani, Karim and McAfee, Andrew, “Prediction Markets at Google” Harvard Business School 9-607-088, August 20th 2007 (£)

Day 2

6. Monetary policy*

Video: “An Introduction to the Dynamic AD-AS Model“, September 2014

7. Fiscal policy*

8. International Economics

Evans, Anthony J., “Josko Joras (A)”, December 2012

9. Behavioural Economics*

“Sun: A CEO’s Last Stand”, Business Week, July 26th 2004 (£)

10. Macro Policy Workshop

Evans, Anthony J., “Macro Policy Workshop”, January 2016

Choose your own financial crisis

Day 3

11. Probability theory

Krasker, William, “Freemark Abbey Winery”, Harvard Business School Case No. 9-181-027, March 24th 1994 (£)

12. Confidence intervals and significance testing*

Evans, Anthony J., “Taxi for Professor Evans” December 2012

Seeing Theory: Statistical Inference

13. Correlation and linear regression*

Evans, Anthony J., “The Suitcase Case” December 2012

Seeing Theory: Linear Regression

14. QM case workshop

15. Review session

Note:

Sessions marked with an asterix (*) have a lecture handout available in advance, which can be downloaded.

Cases marked with a pound sign (£) are available through the Programme Office.


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