Syllabus

Title
5391 Managerial Economics
Instructors
Univ.Prof. Dr. Marcel Bilger
Contact details
marcel.bilger@wu.ac.at
Type
VUE
Weekly hours
2
Language of instruction
Englisch
Registration
02/01/19 to 02/08/19
Registration via LPIS
Notes to the course
Subject(s) Master Programs
Managerial Economics
Dates
Day Date Time Room
Monday 03/18/19 09:00 AM - 12:00 PM D5.1.004
Monday 03/25/19 09:00 AM - 12:00 PM D5.1.004
Monday 04/01/19 09:00 AM - 12:00 PM D5.1.004
Monday 04/08/19 09:00 AM - 12:00 PM D5.1.004
Monday 05/06/19 09:00 AM - 12:00 PM D5.1.004
Monday 05/13/19 09:00 AM - 12:00 PM D5.0.002
Monday 05/27/19 09:00 AM - 12:00 PM D5.1.004
Monday 06/03/19 09:00 AM - 12:00 PM D5.1.004
Monday 06/17/19 09:00 AM - 11:00 AM TC.1.01 OeNB

On this page:

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Contents

In this course, the behavior of buyers or sellers with a dominant market position will be analyzed. The course will cover monopolies, monopsonies, and oligopolies. There will be a particular emphasis on corporate strategies such as price discrimination and bundling. Game theory will then be presented and applied to auctions. Last, corporate decisions under risk and uncertainty will be examined.

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Learning outcomes
  • Understand corporate behaviors under market power, risk, and uncertainty.
  • Master key tools used in the business world.
  • Apply economic theory to real world situations.

 

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Attendance requirements

A minimum of 75% attendance is required.

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Teaching/learning method(s)
  • The lecturer will explain key economic theory and the understanding will be consolidated by selected readings from a leading managerial economics textbook and other sources.
  • Key tools used in the business world will be practiced by means of in-class exercises.
  • Translation of economic theory to real world business situations will be discussed during in-class case studies.
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Assessment

Assessments (relative weights in the final grade)

  • Participation (15%)
  • Mid-term quizz 1 (15%)
  • Mid-term quizz 2 (15%)
  • Mid-term quizz 3 (15%)
  • Final exam (40%)

Grades (point ranges)

  • 1: Excellent (90-100 points)
  • 2: Good (80-89 points)
  • 3: Satisfactory (65-79 points)
  • 4: Sufficient (50-64 points)
  • 5: Fail (0-49 points)
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Readings
1 Author: Allen, Weigelt, Doherty, Mansfield
Title:

Managerial Economics: Theory, Application, and Cases

Publisher: W. W. Norton & Company
Edition: 8th
Remarks: Selected chapters of this book will serve as the main reading material for this course
Year: 2013
Content relevant for class examination: Yes
Content relevant for diploma examination: No
Recommendation: Essential reading for all students
Type: Book
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Availability of lecturer(s)

Please email lecturer for office hours.

Last edited: 2018-11-29



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