Managerial Economics

2024/2025

Academic Year

ENG

Instruction in English

6

ECTS credits

Delivered at:

Department of Economic Theory and Econometrics (Faculty of Economics)

Course type:

Elective course

When:

1 year, 3, 4 module

Instructor

Krekhovets, Ekaterina

Course Syllabus

Abstract

The purpose of the course is to teach the students how to apply the principles and models of economic theory for making managerial decisions. The course covers such topics as estimating and analysing demand, cost analysis, smart pricing (price discrimination, tying, bundling, non-linear pricing), competing in various market structures, making decisions about product quality and differentiation.

Learning Objectives

• The course enables the students to understand, analyse and evaluate economic aspects of business and the business environment applicable to business decision making.

Expected Learning Outcomes

• Understanding the patterns of firm behavior
• Able to calculate optimal level of output
• Can use different approaches for cost analysis. Use results of analysis in decision-making

Course Contents

• Theory of firm
• Theory of Production
• Cost Analysis and Decision Making

Assessment Elements

• Test 1
• Test 2
• Test 3
• Final Test

Interim Assessment

• 2024/2025 4th module
  0.4 * Final Test + 0.2 * Test 1 + 0.2 * Test 2 + 0.2 * Test 3

Bibliography

Recommended Core Bibliography

• Cost accounting : a managerial emphasis, Horngren, C. T., 2015
• Intermediate microeconomics : a modern approach, Varian, H. R., 2020

Recommended Additional Bibliography

• Foundations of a pure cost theory, Stackelberg von, H., 2014
• Management and cost accounting, , 2015
• Management and cost accounting, , 2019
• Managerial accounting, Braun, K. W., 2014
• Managerial accounting, Davis, C. E., 2020
• The cost - benefit revolution, Sunstein, C. R., 2018

Authors

• KREKHOVETS EKATERINA VLADIMIROVNA