Managerial Economics – ESCP

Course outline: Managerial Economics EMBA-GMP (ESCP Europe), February 2012

Course handouts: see Programme Office

Day 1

1. Incentives matter*

2. Cost curves*

Evans, Anthony J. “Le Marmot” ESCP Europe Working Case, October 2010

3. Oligopoly

4. Auctions

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

5. Internal markets

Wesson, R., and Porter, D., “The Cassini Resource Exchange”, ASK Magazine 16, Fall 2007

6. Prediction markets

Coles, Peter, Lakhani, Karim and McAfee, Andrew, “Prediction Markets at Google” Harvard Business School case no. 9-607-088, August 20, 2007

Day 2

7. Macroeconomics I Monetary*

8. Macroeconomics II Fiscal*

9. Macroeconomics III Public Finance

“Rovna Dan: The Flat Tax in Slovakia”, Harvard Business School case no. 9-707-043, March 2010

10. Forex

Mihir A. Desai, Yanjun Wang, Christina B. Pham, Kathleen Luchs, “Foreign Exchange Markets and Transactions”, Harvard Business School case no. 205016, February 2007

11. Currency crises

“Currency Crises” Harvard Business School case no. 9-799-088

12. MPC Simulation

Day 3

13. Corporate entrepreneurship

Weston, Hilary A., “Automation Consulting Services”, Harvard Business School case no. 9-190-053, November 2000

14. Scenario workshop*

McKinsey Global Economic Conditions Survey