EMBA Managerial Econ & Business Ethics – Cotrugli

Background readings:

The textbook is Markets for Managers by Anthony J. Evans (Wiley, 2014).

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.

The final exam will be based on discussion questions.

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.

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 (£)

Discussion question: What are the alternatives to auctions?

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: Economic Prediction, January 2018

Video: “An introduction to the Dynamic AD-AS model“, September 2014

Video: “The four-fold path to monetary credibility“, July 2016

Video: “Optimal Currency Areas“, March 2017

7. Fiscal policy*

8. International Economics

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

Instructions: Complete questions 1, 2 and 3

9. Behavioural Economics*

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

10. Macro Policy Workshop

Choose your own financial crisis

Day 3

Day 4


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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