EMBA Managerial Economics – ESA
This course provides an overview of core economic concepts and how they relate to senior executive management. Particular focus will be placed on the theory and practice of internal markets and how organisations have harnessed the knowledge and incentives provided by market mechanisms. Group work will focus on an analysis and assessment of the macro context for a relevant country, looking at monetary and fiscal policy as well as a broader set of social and environmental indicators.
Course textbook:
- Evans, Anthony J., 2020 “Economics: A complete guide for business“, London Publishing Partnership (buy through Amazon.com here)
Course handouts: download here
Instructions for the group report: download here
Schedule: download here
| Pre-class activities |
| All cases need to be read and prepared in advance. Textbook chapters are not mandatory but are highly recommended for students without a strong background in economics. I’ve also provided a few videos and quizzes which should be helpful. |
| Day 1: Micro |
1. Incentives matter* (+)
2. Understanding cost* (+)
3. Auctions (+)
4. Market applications (+)
Extra activity: The Dutch flower auction |
| Day 2: Macro: closed economy |
| Before class you should watch this video and pass this quiz.
5. Inflation*
6. Macro Policy*
7. Macro Risk*
8. Macro Policy Workshop (+) After class you should watch this video and pass this quiz. Extra activity: NGDP Masterclass |
| Day 3: Macro: wider issues |
9. International economics (+)
10. Macro Trends* (+) 11. & 12. Group preparation and presentations |
Note:
Cases marked with a pound sign (£) are available via the learning platform.
What I’ve been reading:
- Ghattas, K, 2020, Black Wave, Wildfire
What I’ve been listening to:
- The Tragedy of the Middle East: A Letter from Lebanon, The David McWilliams Podcast, October 1st 2024 – recorded in September 2024, I found this this interview with Carole Nakhle to provide a good perspective on the economic history and current political situation.
What I’ve been watching:
Malina Angelica is one of my favourite travel vloggers and so before teaching this course I watched her video on Lebanon and also this episode on Beirut: