Managerial Economics – ESA, Beirut
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
Course handouts: TBA
Assessment instructions: TBA
Pre class activities |
All cases need to be read and prepared in advance. |
Day 1: Micro |
1. Incentives matter* (+)
2. Understanding cost* (+)
3. Auctions (+)
4. Group work 5. INternal markets (+)
Extra activity: The Dutch flower auction |
Day 2: Macro: closed economy |
6 & 7. Monetary policy* (+)
8 & 9. Fiscal policy* (+)
10. Macro Policy Workshop (+) After class you should watch this video and pass this quiz. Extra activity: NGDP Masterclass |
Day 3: Macro: wider issues |
11. Macro models (+)
12. International economics (+)
13 & 14. Group work 15. Group presentations |
Note:
Cases marked with a pound sign (£) are available via the learning platform.