Managerial Economics is concerned with the application of economic principles and methodologies to key management decisions within organizations. It provides principles to foster the goals of the organization, as well as a better understanding of the external business environment in which an organization operates, focusing in particular on the global scale.

Students are expected to learn the fundamental economic theories of the firm, the internationalization strategies, and the evolution of the global value chains. Students will be able to navigate current trends of the organizational changes, industry strategies and the evolution of the global economy.

Topics will span from the various theories of the firm, technological change, global value chain and multinational corporations. While the material is theoretical and analytical, it is not mathematically technical.

Papers and handouts

Standard class. Case study approaches. Team works, e.g. motions. Invited speakers. Open discussions based on hands-out provided by the teacher

Grading. Assignment in class: discussing a motion (20%) Participation during case study classes (10%) Final exam (70%) Exam for non-attending students - final exam on the whole programme - additional short paper to be agreed and discussed with the professor. Non attending students are required to contact the Professor to agree on the short paper to be prepared before the exam. WARNING: all the grades for all the assignments cannot be rejected

At least 30/30 grade at the exam