MGT6226   Global Managerial Economics   (10 credits)

Description

This module focuses on the analysis of factors that affect strategic decisions and performance of firms from an economic perspective. This includes organisation-level factors and issues such as the contractual relationships among the different stakeholders of firms and optimal boundaries of firms, as well as the structure and contestability of markets within which they operate. There is particular emphasis on strategic interactions with competitors, designing of contracts in an environment of imperfect (asymmetric) information, and the role of transactions cost in influencing key strategic decisions involving both domestic and international operations of firms. Finally, there is discussion about the factors that influence the regulatory and macroeconomic contexts in which firms operate, including the relevance of interconnectedness of economies for domestic macroeconomic and regulatory environments. As such, the aim of the module is to provide a coherent picture of application of economic principles to different aspects of managerial decision making.

Reading List