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Managerial Economics
This course deals with economic issues that are likely to be encountered by business managers.
Topic 1—Big Questions, What do prices do?, Why do firms exist?:
Topic 7—The nature of industry, Market structures, Approaches to pricing:
Topic 8—Game theory and strategy, Backwards induction, Repeated games, Learning:
Topic 9—Economic of information, Risk versus uncertainty, Signals and screening:
Topic 10—Real options and uncertainty, Binomial analysis:
Topic 11—Evolution and networks in markets, Cascades, Pricing in networks:
Topics 2 to 6 were presented by another staff member.
Foundations of macroeconomics
This post-graduate course introduces students to foundational ideas in macroeconomics. Weeks 1-7 were textbook stuff. Weeks 8-13 allowed these postgraduate students to think more critically and practically.
Week 8—Morality and measurement, Origins of GDP, CPI, Measuring capital, Productivity:
Week 9—Long-run growth, AK models, Institutions and norms, Evolution and competition :
Week 10—Growth and globalisation, growth accounting, Complexity and productive capacity, Trade and growth:
Week 11—Booms and busts, Historial views, Babysitters club, Balance sheets, Remedies/controversies:
Week 12—Money and macro, History and types of money, Modern controversies:
Globalisation and Economic Development
- What is economic growth and development?
- What are the prevailing theories that account for the massive differences in standard of living across countries?
- How do researchers attempt to untangle the factors that contribute to economic growth and development?
- What is globalisation, and how does the process of international economic integration affect national economies?
Week 1—What is growth?, Historical growth patterns, Contemporary picture of the global economy:
Week 2—The process of development, why simplifying a complex process of development is useful, how evidence is used to support/ contradict theories of growth:
Week 4—Endogenous growth:
Week 5—Trade, specialisation vs diversification, theories of trade and integration:
Week 6—Institutions:
Week 7—Economic complexity:
Week 8—War, groups, trust, cooperation and conflict:
Week 9—Trilemma, Balance of Payments, Rent-seeking, inequality, migration, automation:
Week 11—Development case studies, Australia, Japan, South Korea, India:
Business Economics (MBA class)
A course that introduces micro and macro topics that are relevant for business managers.
Week 1—Opportunity cost, Marginal cost, Specialisation:
Week 3—Demand and supply, The function of prices, Which market?:
Week 3—Markets, Elasticity, Market concentration, Pricing:
Week 4—Market failure, Social efficiency, Regulatory regimes:
Week 5—Game theory, Backwards induction, Repeated strategies, Tacit collusion:
No tutorials from this point onwards.
Week 6—Institutions, Evolution and Optionality:
Week 7—Understanding macroeconomic measurements:
Week 8—Business cycles and growth, Automatic stabilisers:
Week 10—Money and monetary policy:
Week 11—Fiscal policy and international economics:
Week 12—Requested special topics, Housing, UBI, Rent-seeking, Ageing:
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