EMBA Economics for Managers – ESCP
This course presents key economic models, concepts and tools that managers need to master to analyse, understand and predict trends affecting the corporate environment. We address the major contemporary macroeconomic issues with the objective to enhance the capability of each participant to imagine how they may affect their own business environment.
Course textbook:
- Evans, Anthony J., 2020 “Economics: A complete guide for business“, London Publishing Partnership (buy through Amazon.com here)
Instructions for the group report: download here
Lecture handouts: download here
Practice final exam: to follow
| 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.
To verify you have the maths skills necessary for this course, complete this quiz. |
| Day 1: Micro |
1. Incentives matter* (+)
2. Understanding cost* (+)
3. Auctions (+)
4. Market applications (+) Extra content: Aalsmeer – the Dutch flower auction |
| Day 2: Macro theory |
5. Macro Policy – Monetary*
6. Macro Policy – Fiscal*
7. Macro Policy – International*
8. Macro Policy Assignment (+) Most of this days teaching materials can also be found in Macro policy seminar. Extra content: Dollar dominance |
| Day 3: Macro practice |
9. Macro Risk*
10. Macro stability 11. & 12. Group preparation and presentations Extra content: NGDP Masterclass |
| Revision |
| An optional online version of this course, which may be helpful for revision, is available here. |
Note:
Cases marked with a pound sign (£) are available via the learning platform.