Managerial economics, meaning the application of economic methods (with specific reference to Industrial Organization) in the managerial decision-making process, is a fundamental part of any business or management course. This course covers all the main aspects of managerial economics. It includes numerous and extensive case studies, as well as review questions and problem-solving applications at the end of each section.

Knowledge and understanding: The main outcome of the course is giving the student both awareness and familiarity with the theory’ main models. At the very same time, a working knowledge of the theory together with an understanding of its applicability to real world situations will be given. Applying knowledge and understanding: The students will be able to identify situations that can lead to inefficiency and useful instruments to mitigate or avoid it. Making judgements: We expect students to be able to assess the sustainability and effectiveness of arrangements meant to govern economic relationships within organization as well as outside them, highlighting their strengths and weaknesses. Moreover, students would be able to get insights about occurrence of specific economic and social phenomenon. Communications Skills: This course will give the students the possibility to acquire and understand major terms and concepts in order to communicate their ideas, proposals, analysis and critical reasoning in an appropriate way, but at the same time being able to convey effectively insights and economic implications to a non-specialized audience. Learning skills: This course will contribute to empower learners giving them very versatile tools that can be applied to many economic contexts. They can also be combined with knowledge from other disciplines to provide more accurate or alternative analysis.

1. The theory of the firm; production and cost theory and estimation; 2. Market structure, market power and pricing; 3. Game Theory & strategic behavior 4. Organization architecture and mechanism design.

MMH: James R. McGuigan, R. Charles Moyer, Frederick H. deB. Harris, Managerial Economics: Applications, Strategy, and Tactics, Southwestern Cengage Learning. Support material (optional) PB: Paul Belleflamme and Martin Peitz, Industrial Organization: Markets and Strategies, Cambridge University Press.

1. Plenary Lectures 2. Practice Classes 3. Class experiments

Problem sets (30%), two written examinations during the course (20% each) and Final (30%) exam.

Interview