Syllabus overview (public)

× Note! You need to be authenticated to see more details about syllabi. If you have an ESCP Europe account please login.       Login
Programme Master in Management
Academic Year Academic Year 2019/2020
Module/course Code EM02
Delivery location Paris, London, Berlin, Madrid, Torino
Language English
Course type Core courses
Contact hours 30
Level 5 (year post baccalaureate)
Semester Spring
Module name Economics for Managers
Field (Discipline) Economics
Academic Department Economics, Law and Social Sciences


Module/course Summary

This module will present the main developments of microeconomics from the perspective of strategic behaviour. We will look at how the economic decisions of agents (including businesses and public regulators) are carried out in environments that stray from ideal: such as strategic interaction (game theory); imperfect market structures (oligopoly); and asymmetric information (adverse selection and signalling). 
The module draws on examples from the business world to illustrate the practical relevance of the models used. As this is an advanced graduate class, some sessions will place more emphasis will be on the application of the techniques introduced and the implications of economic models from a practical perspective. The second module addresses macroeconomic issues, complementary to those studied in microeconomics: the introduction of expectations has profoundly changed the way public policies are designed by public actors. This part of the course therefore also considers strategic issues, particularly those arising from the interactions between the expectations of private agents, including those of financial market operators and the optimal policies defined by institutions as different as central banks or Governments. The question of structural reforms is also studied, together with those of other public and economic policies.