Managerial Economics

Kingston University

Course Description

  • Course Name

    Managerial Economics

  • Host University

    Kingston University

  • Location

    London, England

  • Area of Study

    Business, Economics

  • Language Level

    Taught In English

  • Prerequisites

    Prior study of business information; prior study of economic principles useful

  • Course Level Recommendations

    Upper

    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.

    Hours & Credits

  • Credits

    4
  • Recommended U.S. Semester Credits
    4
  • Recommended U.S. Quarter Units
    0
  • Overview

    Course Content:

    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:

    Autumn Semester:
    ? Optimisation: the consumer and the firm;
    ? Basic production concepts; production functions; cost analysis and returns to
    scale.
    ? 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;
    ? Pricing
    ? Innovation and Technological Change

    Spring Semester:
    ? 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

    Assessment:
    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

Course Disclaimer

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.