Econ for Managers – ESCP


Course outline: Economics for Managers (MEB) 2013/14

Course textbook: Mankiw, N.G., and Taylor, M. P., “Economics“, Cengage Learning (2011, 2nd ed.).

Course handouts: download here (zip)

One pagers: see here

1. Demand

1a. Incentives matter*
Becker, Gary (1992) “The Economic Way of Looking at Life”, Nobel Prize Lecture

1b. Incentive design
Incentive design, September 2012

2. Supply

2a. Understanding cost*

2b. Cost curves*
La Marmotte (January 2012)
Instructions: Complete Exhibit 1

3. Market equilibrium

3a. Market equilibirum (36)*

3b. Markets in everything
“I’ve got debts, please buy my kidneys” The Times September 27th 2009 (£)

4. Price discrimination and asymmetric information

4a. Price discrimination*
An Economist’s Passage to India (February 2012)
Instructions: complete the assignment questions

4b. Adverse selection

5. Market structure

5a. Oligopolistic competition

5b. Competition and the market process*

6. Monetary policy*

An introduction to the dynamic AD-AS model“, October 2013

7. Fiscal policy*

8. International economics

8a. Currency crises
“Currency Crises” Harvard Business School case no. 9-799-088 (£)
Instructions: Which countries are on the verge of a crisis?

8b. Foreign exchange
“Josko Joras (A)”, December 2012

9. Sovereign debt and country risk

9a. Debt crises
Blustein, Paul “And the Money Kept Rolling In” Public Affairs, 2005 (pp.39-60) (£)

9b. Wiggle Room
The Balkan Wiggle-Room Index“, October 2013

10. Review session

Final Exam, January 2013


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

Cases marked with a pound sign (£) are either available via moodle or through the library.