Teaching
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Managerial Economics
This course deals with economic issues that are likely to be encountered by business managers.
Topic 1—Big Questions, What do prices do?, Why do firms exist?:
Notes and readings, Lecture slides
Topic 7—The nature of industry, Market structures, Approaches to pricing:
Notes and readings, Lecture slides
Topic 8—Game theory and strategy, Backwards induction, Repeated games, Learning:
Notes and readings, Lecture slides
Topic 9—Economic of information, Risk versus uncertainty, Signals and screening:
Notes and readings, Lecture slides
Topic 10—Real options and uncertainty, Binomial analysis:
Notes and readings, Lecture slides
Topic 11—Evolution and networks in markets, Cascades, Pricing in networks:
Notes and readings, Lecture slides
Topics 2 to 6 were presented by another staff member.
Foundations of macroeconomics
This post-graduate course introduces students to foundational ideas in macroeconomics. Weeks 1-7 were textbook stuff. Weeks 8-13 allowed these postgraduate students to think more critically and practically.
Week 8—Morality and measurement, Origins of GDP, CPI, Measuring capital, Productivity:
Slides, Tutorial notes and exercises
Week 9—Long-run growth, AK models, Institutions and norms, Evolution and competition :
Slides, Tutorial notes and exercises
Week 10—Growth and globalisation, growth accounting, Complexity and productive capacity, Trade and growth:
Slides, Tutorial notes and exercises
Week 11—Booms and busts, Historial views, Babysitters club, Balance sheets, Remedies/controversies:
Slides, Tutorial notes and exercises
Week 12—Money and macro, History and types of money, Modern controversies:
Slides, Tutorial notes and exercises
Globalisation and Economic Development
What is economic growth and development?
What are the prevailing theories that account for the massive differences in standard of living across countries?
How do researchers attempt to untangle the factors that contribute to economic growth and development?
What is globalisation, and how does the process of international economic integration affect national economies?
Week 1—What is growth?, Historical growth patterns, Contemporary picture of the global economy:
Week 2—The process of development, why simplifying a complex process of development is useful, how evidence is used to support/ contradict theories of growth:
Week 3—Stages of growth, capital accumulation models, neoclassical growth theory:
Week 4—Endogenous growth:
Week 5—Trade, specialisation vs diversification, theories of trade and integration:
Week 6—Institutions:
Week 7—Economic complexity:
Week 8—War, groups, trust, cooperation and conflict:
Week 9—Trilemma, Balance of Payments, Rent-seeking, inequality, migration, automation:
Week 11—Development case studies, Australia, Japan, South Korea, India:
Business Economics (MBA class)
A course that introduces micro and macro topics that are relevant for business managers.
Week 1—Opportunity cost, Marginal cost, Specialisation:
Week 3—Demand and supply, The function of prices, Which market?:
Week 3—Markets, Elasticity, Market concentration, Pricing:
Week 4—Market failure, Social efficiency, Regulatory regimes:
Week 5—Game theory, Backwards induction, Repeated strategies, Tacit collusion:
No tutorials from this point onwards.
Week 6—Institutions, Evolution and Optionality:
Week 7—Understanding macroeconomic measurements:
Week 8—Business cycles and growth, Automatic stabilisers:
Week 10—Money and monetary policy:
Week 11—Fiscal policy and international economics:
Week 12—Requested special topics, Housing, UBI, Rent-seeking, Ageing: