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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?:

Topic 7—The nature of industry, Market structures, Approaches to pricing: 

Topic 8—Game theory and strategy, Backwards induction, Repeated games, Learning: 

Topic 9—Economic of information, Risk versus uncertainty, Signals and screening: 

Topic 10—Real options and uncertainty, Binomial analysis: 

Topic 11—Evolution and networks in markets, Cascades, Pricing in networks: 

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:

Week 9—Long-run growth, AK models, Institutions and norms, Evolution and competition :

Week 10—Growth and globalisation, growth accounting, Complexity and productive capacity, Trade and growth:

Week 11—Booms and busts, Historial views, Babysitters club, Balance sheets, Remedies/controversies:

Week 12—Money and macro, History and types of money, Modern controversies:

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:

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