Course outline: Economics for Managers MEB (ESCP), December 2011
Course handouts: see eLearning platform
1. Demand
1a. Incentives matter*
Becker, Gary (1992) “The Economic Way of Looking at Life”, Nobel Prize Lecture
1b. Incentive design
Incentive design, February 2011
2. Supply
2a. Understanding cost*
n/a
2b. Cost curves
Le Marmot (October 2010)
Instructions: Complete Exhibit 1
3. Market equilibrium
3a. Market equilibirum (36)*
n/a
3b. Markets in everything
“I’ve got debts, please buy my kidneys” The Times September 27th 2009
4. Price discrimination and market structure
4a. Price discrimination*
An Economist’s Passage to India (March 2011)
Instructions: complete the assignment questions
4b. Competition and monopoly*
n/a
5. Internal Markets
5a. Internal markets
Wesson, R., and Porter, D., “The Cassini Resource Exchange”, ASK Magazine 16, Fall 2007
5b. Prediction markets
Coles, Peter, Lakhani, Karim and McAfee, Andrew, “Prediction Markets at Google” Harvard Business School 9-607-088, August 20, 2007
6. Macroeconomics I Monetary*
7. Macroeconomics II Fiscal*
8. Foreign exchange
8a. Foreign exchange
Mihir A. Desai, Yanjun Wang, Christina B. Pham, Kathleen Luchs, “Foreign Exchange Markets and Transactions”, Harvard case no. 205016, February 2007
Instructions: Exercise 1, 2, 3
8b. Currency crises
“Currency Crises” Harvard Business School Case No. 9-799-088
Instructions: Which countries are on the verge of a crisis?
9. Behavioural finance
9a. Behavioural finance*
“Sun: A CEO’s Last Stand”, Business Week, July 26th 2004
10. Review session
