Economics for Managers – MIM

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Course outline: Economics for Managers (MIM) 2019/20

Course textbook:

• Evans, Anthony J., 2014, “Markets for Managers: A Managerial Economics Primer“, (Wiley Finance)
• I also recommend the following :
  • Schotter, A., 2008, “Microeconomics: A Modern Approach” (South Western, International edition)
  • Cowen, T., and Tabarrok, A., 2014, “Modern Principles: Macroeconomics” Worth (,3^rd Edition, approx. £50)

Problem set: download here.

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1. Consumer behaviour and basic review

1a. Max U +
Evans, A.J., Maximilian Untergrundbahn, January 2018
Instructions: Complete the assignment questions

1b. Course Introduction & Administration

2. Cost functions and price discovery

2a. Cost curves* +
Evans, A.J., La Marmotte, January 2012
Instructions: Complete Exhibit 1 and provide suggestions for the two key decisions

2b. Comparative Statics +

3. Asymmetric information

3a. Adverse selection +
Akerlof, G.A., (1970) “The Market for ‘Lemons’: Quality Uncertainty and the Market Mechanism”. Quarterly Journal of Economics 84(3):488–500 (£)

3b. Signalling* +
Spence, M., (1973) “Job Market Signaling“. Quarterly Journal of Economics 87(3):355–374 (£)

4. Strategic behaviour

4a. Introduction to Game Theory* +

4b. Oligopolistic competition +

5. REVIEW SESSION ON MICRO PROBLEM SET 

6. National income accounting

6a. Economic growth* +
Solow, R., (1956) “A Contribution to the Theory of Economic Growth” The Quarterly Journal of Economics, 70(1):65-94 (£)

6b. Capital Theory* +

7. Monetary policy

7. Monetary policy* +

8. Fiscal policy

8. Fiscal policy* +

• Category: courses