Managerial Economics I

The course covers the following topics:

• The decision-making process, private and public decisions
• Optimal decisions using marginal analysis
• Demand analysis and optimal pricing
• Production
• Cost analysis
• Perfect competition
• Monopoly and regulation
• Oligopoly
• Game theory and competitive strategy
• Pricing techniques and analysis
• Asymmetric information and organizational design

Supporting slides include the structure and the basic concepts of each lecture and should guide the study. These are available on the course website (iCorsi3 platform), together with some numerical exercises and solutions.

• To provide essential microeconomic tools for the analysis of firms’ strategic behaviour in an uncertain economic environment
• To apply microeconomic theory and methodology to problems faced by decision makers in the private, public and not-for-profit sector
• To understand the economic implications of different market structures, customers behaviour, and market regulation
• To master with economic tools that assist managers in efficiency allocating scarce resources, planning corporate strategy, and executing effective tactics

In presence

The course is made of lectures and tutorials on numerical exercises. Lectures are based on the main textbook. Students are expected to go through the relevant readings before coming to class and are advised to use the textbook. Lecture notes and slides provide important support for revision. 

Some exercises are discussed during classes (tutorial sessions) to enhance the preparation of the assignments.

The evaluation of the course is composed of the grade for the written exam at the end of the semester and 4 assignments with numerical exercises (for students attending at least 80% of classes). Assignments account for 20% of the final grade (each handed assignment will get 5%). 

The course has a final (written) exam lasting 1h 30'. The final exam is made of multiple-choice questions on both theoretical aspects and numerical exercises.