This class exists in these courses :
• IÉSEG > MSc in Finance > Semester 1 > 2,00 ECTS

Prerequisites

This course is addressed to students enrolled in their 1st semester in MSc Finance at Iéseg School of Management. The general philosophy of this course is to give students an overview of microeconomics and the main techniques used in this discipline. It is assumed that students are familiar with graphing and basic algebra

Learning outcomes

Predict how business and economic cycles could affect organizational strategy
Employ state-of-the-art management techniques
Formulate strategically-appropriate solutions to complex and unfamiliar challenges in their professional field
Be a reference point for expertise-related questions and ambiguities

Course description

The course consists of the following topics. 1. Introduction to economics (Ch1, Ch2 Mankiw and Taylor); 2. Market forces of supply and demand; elasticty (Ch3, Ch4, Ch8+). 3. Background to demand (Ch5) 4. Supply and production in competitive markets (Ch6, Ch13). 5 Imperfect competition and welfare - monopoly (Ch7, Ch14). 6 Imperfect competition and welfare - oligopoly (Ch16)

Class type

Class structure

Teaching methods

• Case study
• E-learning
• Interactive class

Assessment

The assessment consists of a continuous assessment through written assignments (30% overall) and a final exam (70%). The written assignments will consist of problem solving, open question and multiple-choice questions according to Iéseg policy

Recommended reading

• N. G. Mankiw and M. P. Taylor, ECONOMICS, SOUTH-WESTERN Cengage Learning, 4th ed -

Internet resources

• School intranet site