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. There is a new version of the book, with freely available chapters. This will be made available through the Programme Office. 

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* +

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

See Business Ethics.


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.

Follow the + links for additional resources. 

New version.