Business Economics (BIM) 2024

aje on December 4, 2023

This course will develop students capacity for economic analysis and awareness of the most important insights for management.

Assessment

40% Group report (instructions here)
60% Final exam (instructions here)

Textbook

Evans, Anthony J., 2020 “Economics: A complete guide for business“, London Publishing Partnership

Digital copies of the relevant section are available in the links below.

️ Content

Session	Before	During	After
1. Incentives Matter	Nothing	Lecture handouts	Textbook: Ch. 1.1 More resources
2. Markets: Beyond AI	Watch the full movie Arrival (2016), Denis Villeneuve “On the Origin of Money” (Carl Menger, 1892, Economic Journal, (2):239-55) “The Use of Knowledge in Society” (Friedrich Hayek, 1945, American Economic Review, 35(4):519- 530) “I, Pencil” (Leonard Read, 1958, Foundation for Economic Education) “What is Seen and What is Not Seen” (Frederic Bastiat, 1850, Paris: Guillaumin. This version taken from The Bastiat Collection, 2nd Ed., Mises Institute, 2007, pp. 1-11 only) You can download all of the above in a single PDF file here.	Lecture handouts	More resources
3. Market Applications	Malone, Thomas W., “Bringing the Market Inside Harvard Business Review, April 2004	Lecture handouts	Textbook: Ch. 3.2 More resources
4. Competition and the Market Process	Sautet, Frederic, “The shaky foundations of competition law” New Zealand Law Review June 2007	Lecture handouts Shortage assignment (and quiz)	Textbook: Ch. 5 More resources
5. Global Prosperity	Activity: Global conditions quiz	Lecture handouts	More resources
6. Growth	Watch “Growth is like an iPhone” Krugman, P., 1994, The Myth of Asia’s Miracle. Foreign Affairs, 73(6), 62–78 Cowen, T., “The Case for the Longer Term“, Cato Unbound, January 9th 2019	Lecture handouts	Textbook: Ch. 12.1 More resources
7. Sustainability	Raworth, K., 2012, A Safe and Just Space for Humanity: Can We Live within the Doughnut? Oxfam Discussion Papers	Lecture handouts	More resources
8. Inequality	Activity: Thinking about wealth Watch: “$456,000 Squid Game In Real Life!” Mr Beast Watch the full movie Parasite (2019), Bong Joon Ho Saez, E., and Zucman, G., 2020, “The Rise of Income and Wealth Inequality in America: Evidence from Distributional Macroeconomic Accounts” Journal of Economic Perspectives, 34(4):3-26	Lecture handouts	More resources

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