Area of Study
Taught In English
Prior study of business information; prior study of economic principles useful
Course Level Recommendations
ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.
Recommended U.S. Semester Credits4
Recommended U.S. Quarter Units0
Hours & Credits
This module provides students with a sound grasp of microeconomics when applied to
strategic planning and decision making. In particular it addresses the central decision
problems managers face and provides the economic analysis needed to guide these
decisions. The course goes beyond the ?nuts and bolts? of economic analysis with the
prime objective of showing how economic analysis is used by practicing managers.
Topics covered include:
? Optimisation: the consumer and the firm;
? Basic production concepts; production functions; cost analysis and returns to
? Risk and uncertainty;
? Making decisions, utility and its measurement
? Disequilibrium and decision making;
? Investment appraisal and capital budgeting- methodology project classification,
investment decisions; sources of capital.
? Economic analysis of Auctions
? Economic co-ordination mechanisms;
? Innovation and Technological Change
? The Market and Organisations
? Neoclassical Consumer Theory
? Behavioural consumer theory;
? Principle-agent theory;
? Transaction cost economics and the boundaries of the firm;
? Game theory
Teaching: Lectures, seminars and practical laboratories
STUDY OPTION 1:
? Coursework: 2 pieces (20% each)
? Exam (60%)
STUDY OPTION 2: alternative assessment
STUDY OPTION 3: exam/coursework
Study Option 1 = Whole Year
Study Option 2 = Autumn
Study Option 3 = Spring/summer
Courses and course hours of instruction are subject to change.
Eligibility for courses may be subject to a placement exam and/or pre-requisites.
Some courses may require additional fees.
Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.
Please reference fall and spring course lists as not all courses are taught during both semesters.
Please note that some courses with locals have recommended prerequisite courses. It is the student's responsibility to consult any recommended prerequisites prior to enrolling in their course.