Managerial Economics – ESA, Beirut

aje on October 1, 2024

Online, October 2024

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:

Assessment:

Course handouts: will be made available during the course

Pre class activities
Please read all of the information below carefully in order to prepare for the course. The textbook references are background materials and can be read anytime. The required materials should be read or watched in advance. At the end of Day 1 I will be referring to the 2016 film ‘Arrival’. Here’s a trailer. If you’ve not already seen it, I suggest familiarising yourself with the plot (spoiler alert). Or better still, watch it!
Day 1: Thursday 10th October
1. Managerial insights* (handouts)

2. Incentives GW (activity)

3. Value creation GW (activity)

    • Required video: (1 minute)

4. Markets and AI* (handout)
Day 2: Friday 11th October
5. Price discrimination GW

6. Price discrimination DB* (handout)

7. The evolution of money*

    • Required video: (9 minutes)

8. Case study: Beirut
Day 3: Saturday 12th October
9. Macro Trends*

  • Required video: (18 minutes)

10. Macro Risk*

11. Presentation GW

12. Presentations

Note:

An asterix (*) means that lecture slides will be available.

GW means group work. DB means a whole class debrief.