Economics 952
Managerial Economics

Readings assigned for the course



- Don't you get any formal training to be a Master?
- They give you a book to read.
Richard Bach, Illusions


I expect everyone to read the material prior to coming to class. That way, things discussed in class will make much more sense.

All the page numbers refer to the required text, "Managerial Economics and Business Strategy" by Baye, 7th ed.

 
Class period #
Date
Topics to be discussed
Readings assigned
1
Tuesday,
8/18

Foundations of managerial economics.
Supply-and-demand analysis.

Ch.1,
Ch.2
2
Tuesday,
8/25
Regression analysis. Ch.3, pp.95-109
3
Tuesday,
9/1
Elasticity.
Ch.3, pp.74-95
4
Tuesday,
9/8
Production and costs. Ch.5, pp.156-164, 171-192
5
Tuesday,
9/15
Profit maximization in various market structures. Ch.8, pp.264-300
6
Tuesday,
9/22
No new readings - Review for the test. .
7
Tuesday,
9/29
Pricing strategies. Ch.11, pp.395-424
8
Tuesday,
10/13
More pricing strategies.
Oligopoly. Game theory - the basics.
Ch.10, pp.352-365, 378-387
9
Tuesday,
10/20
Group project discussion.  
10
Tuesday,
10/27
Advanced applications of game theory to business strategy. Preventing entry. Repeated games. Ch.13, pp.476-501
Ch.10, pp.365-372
11
Tuesday,
11/3
No new readings - Review for the test. .
12
Tuesday,
11/10
Economics of information. Decisions under uncertainty. Ch.12, pp.436-449
13
Tuesday,
11/17
Asymmetric information.
Signaling and screening. Auctions.

.Ch.12, pp.450-468
14
Tuesday,
11/24
Evaluations.
G
roup project discussion.
 
15
Tuesday,
12/1
Selected topics in personnel economics. Handouts
       

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