Managerial Economics

Catalogue des cours de Télécom Ecole de Management

Code

ECO 4401

Niveau

Graduate (M1)

Domaine

Economie

Langue d'enseignement

English

Crédits ECTS

3

Heures programmées / Charge de travail

21 / 75

Responsable(s)

  • SANDITOV Bulat

Département

- Droit, Economie et Finance

Objectifs

PGE-1: Acquire fundamental skills

Contenu

The aim of this course is to introduce students to economic way of thinking about common managerial problems. Students will learn basic formal economic models of consumer behaviour, firm’s production decision, competition and market structure.

In the first part of the course we revise the main principles and core concepts of economics: cost-benefit principle, opportunity cost, supply and demand curves, and market equilibrium. We will also build a simple formal model of consumer behaviour and firm’s production decision given market prices for firm’s inputs and output. In the second part of the course we will focus on typical market structures: competitive markets, markets under monopoly and markets dominated by few firms (with a short introduction to the game theory to analyse firms’ strategic behaviour).

Prérequis

Basic Calculus

Mots-clés

 

Evaluation

Successful completion of homework exercises is a necessary condition to pass the course (tested with online quizzes based on homework).
• Mid-term test (25%)
• Final exam (75%)

Approches pédagogiques

A typical class consists of a lecture, where main concepts are explained, followed by a problem solving session, where students should apply learned theory to qualitative and numerical examples. Homework exercises to be done between the classes intended to help the students to learn better new material and will be discussed at the beginning of the next class.

Programme

Programme grande école

Fiche mise à jour : 29/11/2016 16:20:05