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Managerial Economics

In this module you will focus on the micro economic analysis of strategic decision-making by organisations whilst also exploring the application of economic theory to corporate decisions in an uncertain and strategic environment.

Topics usually covered include:

• Competition policy
• Market failure and market inefficiency
• Behaviour under oligopoly
• The importance of the macro economy
• Modelling the macro economy
• Trade and globalisation
• Intertemporal choices
• Incentivising labour supply and effort
• Strategic entry deterrence.

By the end of this module you will:

• Appreciate how economic analysis can be applied to business decisions
• Be more aware of the basics of game theory and its use in understanding business interactions
• Possess an increased awareness of agency problems
• Understand the macroeconomic context of business.