Course outline: Economics for Managers (MIM) 2017/18
- Evans, Anthony J., 2014, “Markets for Managers: A Managerial Economics Primer“, (Wiley Finance)
- I also recommend the following :
For all the course materials (other than the Harvard cases): download here.
Problem set: download here.
1. Consumer behaviour and basic review
1a. Max U
Evans, A.J., Maximilian Untergrundbahn, January 2013
Instructions: Complete the assignment questions
2. Microeconomics and strategy
Also see my Introduction to Game Theory website
2b. Oligopolistic competition
3. Firm strategy, competition and anti-trust
3a. Economies of scale
Rivkin, J.W., “Dogfight over Europe: Ryanair (A)” Harvard Business School case no. 9-700-115, November 21st 2007 (£)
Discussion question: What are some sources of economies of scale? How do they apply to British Airways in 1986?
3b. Competition Commission simulation
Evans, A.J., “CC Simulation”, ESCP Europe Working Case, February 2014
Discussion question: Is the market for airport services in the UK competitive?
4. Asymmetric information
4a. Adverse selection
Akerlof, G.A., (1970). “The Market for ‘Lemons’: Quality Uncertainty and the Market Mechanism”. Quarterly Journal of Economics 84(3):488–500 (£)
Video: “Econ Duel: Is Education Signaling or Skill Building?” Marginal Revolution, March 2016
5. Market design
Hild, M., Dwidevy, A., and Raj, A., (2004) “The Biggest Auction Ever: 3G Licensing in Western Europe”, Darden Business Publishing (£)
Discussion question: What are the alternatives to auctions?
5b. REVIEW SESSION ON MICRO PROBLEM SET
6. National income accounting
Video: “Growth is like an iPhone“, June 2016
7. Monetary policy
8. Eurozone policy
8a. European Central Bank
Trumbull, G., Roscini, D., and Choi, D., “The Euro in Crisis: Decision Time at the European Central Bank” Harvard Business School case no. 9-711-049, March 23rd 2011 (£)
Evans, A.J., “The ECB During the Crisis“, May 2016
8b. Public finance
“Rovna Dan: The Flat Tax in Slovakia”, Harvard Business School case no. 9-707-043, March 2010 (£)
Evans, A.J., “Flat Tax in Slovakia”, May 2016
9. Fiscal policy
9. Fiscal policy*
10. European and global competitiveness
10a. Foreign investment and competitiveness
Porter, M., and Ketels, C., “Indonesia: Attracting foreign investment” Harvard Business School case no. 9-708-420, January 11th 2013 (£)
Evans, A.J., “Foreign Investment in Indonesia“, May 2016
10b. REVIEW SESSION ON MACRO PROBLEM SET
Sessions marked with an asterix (*) have a lecture handout available in advance.