Within the course, we will talk about fundamental economic theories, economic indicators, and how to make a forecast for different economic indicators that are essential for planning future activities for any firm. One have to understand, what is the essence of various macroeconomic indicators, what are the relationships between these indicators, what is the role of the government and Central Bank in economic processes and what are the effects of the global economy on internal economic processes.
If you check top-MBA programs in the world, you’ll see that all of them have Managerial Economics in one form or another. It may be called Markets, or Consumer Behavior, or Prices, etc., but it’s all is an essential part of the MBA program. What we will cover in this course is: how consumers make their decisions, how markets work, how firms decide on the cost of the production, and also, the most recent developments — which include game theory and strategic interdependence, which are relevant if you talk about modern oligopolistic markets. We think this knowledge is essential for all MBA students because it makes them better understand the underline forces behind any economic decision.