NUS MANAGERIAL ECONOMICS
Managerial Economics aims to equip students with the basic working knowledge of contemporary economic thinking. It adheres closely to mainstream economics thinking, but pays particular attention to business applications. Students will be taken through market equilibrium, competition, monopoly, price and non-price business strategies. The teaching methodology takes a fundamentally problem-solving approach. Models and analytical skills are introduced in order to solve business problems systematically. Information technology and the Internet have made many changes in the way businesses are run, and Managerial Economics has changed significantly with it. A portion of this course will be devoted to discussing how firm strategies and network effects propel the information age, which result in significant monopoly powers such as Microsoft. Related anti-trust and other cases are also discussed as well as game theory and economics of asymmetric information.
Mode: University-taught course
Pre-requisite: H2 Economics and
‘O’ level Additional Mathematics / H1 Mathematics
Assessment:
Students undertake the following components:
• Tutorial session participation
• Assignment
• Case presentation
• Midterm examination
• Final examination
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