Detailed module information

Managerial Economics Online

Module aims

 Module outline:

https://www.imperial.ac.uk/business-school/programmes/undergraduate-study/bpes-modules/course-content/

Reading list

Session 01

• Economics for business

  Begg, David K. H., author.

  Sixth edition., McGraw-Hill Education

• Royal Economic Society, LSE. (2018). What is economics? YouTube.

• In-depth Q&A: Will China’s emissions trading scheme help tackle climate change?, Carbon Brief.

  Hongqiao, L. (2021).

• Jakarta road 'jockeys' help drivers skirt the rules

  AFP News Agency

• Finding a Detour to Earn a Living in Indonesian Traffic Jams

  E12 Onishi, N. (2009).

  The New York Times

• ‘Property and power: Mutual gains and conflicts’. Unit 5 in The CORE team, The Economy.

  Bowles, S., Carlin, W. & Stevens, M. (2017).

• What Richard Branson learned when Coke put Virgin Cola out of business, CNBC.

  Clifford, C. (2017).

• They Clapped: Can Price-Gouging Laws Prohibit Scarcity?, Econlib.

  Munger, M. (2007)

• New Economic Thinking. (2011). Applying the Right Model, YouTube.

Session 02

• Economics for business

  Begg, David K. H., author.

  Sixth edition., McGraw-Hill Education

• These charts show how COVID-19 has changed consumer spending around the world, World Economic Forum.

  Jones, K. (2020).

• Do ‘Sin Taxes’ Really Change Consumer Behavior?, Knowledge at Wharton.

  Lockwood, B. (2017).

• What is Behavioral Economics? YouTube.

  Duke University - The Fuqua School of Business. (2009)

• Competition and Markets Authority. (2021). Algorithms: How they can reduce competition and harm consumers.

• Advertising Makes Us Unhappy, Harvard Business Review.

  Torres, N. (2020).

• Ed Sheeran Heinz Ad I Super Bowl Commercials 2020, YouTube.

  Orta, O, R. (2020).

• Guidelines of Good Practice on Comparison Tools in the New Energy Market Design

  Council of European Energy Regulators

• Nudge Vs Shove: A Conversation With Richard Thaler

  Greg Rosalsky and Stacey Vanek Smith

  NPR

Session 03

• Economics for business

  Begg, David K. H., author.

  Sixth edition., McGraw-Hill Education

• Introduction to Price Discrimination, YouTube.

  Marginal Revolution University. (2015).

• Why Google Is Being Sued by the Justice Department | WSJ, YouTube.

  Wall Street Journal. (2020)

Session 04

• Economics for business

  Begg, David K. H., author.

  Sixth edition., McGraw-Hill Education

• How Management and Game Theory Understand Strategy, California Management Review.

  Shivakumar, R. (2020).

• golden balls. the weirdest split or steal ever!, YouTube.

  spinout3. (2012).

• Explainer: What are OPEC and OPEC+?

  Ellerbech, S

• Game Theory 101: Double Ultimatum, YouTube.

  Spaniel, W.

• Game Theory 101: The Ultimatum Game, YouTube.

  Spaniel, W.

Session 05

• Economics for business

  Begg, David K. H., author.

  Sixth edition., McGraw-Hill Education

• From zero to seventy (billion).

  The Economist. (2016)

• Competition and Markets Authority.

  #About Us

• European Commission. (2022). Competition Policy.

• Federal Trade Commission. (2022). Competition Counts.

• International Competition Network. (2022). Members

• Competition authorities throw out the merger of Sainsbury’s and Asda

  The Economist

• Marginal Revolution University. (2015). Tying, YouTube.

• Out of the box: illegal tying and Google's suite of apps for the Android OS

  Todd, Patrick F.

  European competition journal Routledge

• Strategies to Fight Low-Cost Rivals, Harvard Business Review.

  Kumar, N. (2006).

• Amazon’s Antitrust Paradox, Yale Law Journal.

  Khan, L, M. (2017).

Session 06

• Economics for business

  Begg, David K. H., author.

  Sixth edition., McGraw-Hill Education

• 'Market failures and government', Unit 11 in Economy, Society and Public Policy in The CORE team, The Economy.

• How to Fix Economic Inequality? An Overview of Policies for the United States and Other High-Income Economies, Peterson Institute for International Economics.

  Bhatt, A., Kolb, M. & Ward, O. (2020)

• Fibre infrastructure is not a ‘natural monopoly'

  Anna Gross

  Financial Times

• Regulating Broadcasting. Is there Still a Place for Public Service Television?, Reuters

  Helm, D. (2013).

• Externalities: why do we need coordinated public action in the pandemic?, Economics Observatory.

  Toxvaerd, F. (2020).

• The Moral Hazard Economy, Harvard Business Review.

  Bernstein, L. P. (2009).

• Public versus Private Ownership: The Current State of the Debate, World Bank.

  Shirley, M & Walsh, P. (2000).

• Putting nudges in perspective. Behavioural Public Policy, 1: 1, 26–53, Cambridge University Press.

  Chater, N. & Loewestein, G. (2017)

Session 07

• Economics for business

  Begg, David K. H., author.

  Sixth edition., McGraw-Hill Education

• The Economist: Markets & Data

  The Economist

• UK National Accounts, The Blue Book: 2023.

  Office for National Statistics. (2023).

• GDP needs an upgrade. Here's why, World Economic Forum.

  Coyle, D. (2019)

• Economic growth does not guarantee rising happiness.

  The Economist. (2019).

• Human Development Index (HDI), OurWorldInData.org.

  Roser, M. (2014).

• Measures of National Well-being Dashboard.

  Office for National Statistics. (2019).

• OECD Better Life Index.

  OECD. (2022)

• what works wellbeing. (2017). Unemployment, (re)employment and wellbeing.

• What is the size of the fiscal multiplier?, Economics Observatory.

  Lenoël, C. (2020)

• Where does the buck stop?

  The Economist. (2016).

• Why Should We Worry About the National Debt

  Appelbaum, B. (09 May 2017).

  New York Times

Section 08

• Economics for business

  Begg, David K. H., author.

  Sixth edition., McGraw-Hill Education

• 7 Examples of Innovation & Key Takeaways.

  SpriggHR. (2020)

• Here comes the 21st century’s first big investment wave. Is your capital strategy ready?, McKinsey & Company.

  Fuchs, S., Hatami, H., Huizenga, T. & Schmitz, C. (2022).

• Breaking Down Investment Barriers at Ground Level.

  European Investment Bank.

• What is the productivity puzzle?

  Office for National Statistics. (2015)

• Globalisation is not dying, it’s changing, Financial Times.

  Wolf, M. (2022)

• Migration to Advanced Economies Can Raise Growth, IMFBlog.

  Engler, P., MacDonald, M., Piazza, R. & Sher, G. (2020).

• Can we have economic growth and tackle climate change at the same time?, LSE.

  Serin, E. (2022).

• OECD Work on Green Growth 2019-20, issuu.

  OECD. (2019)

• The Fruits of Growth: Economic Reforms and Lower Inequality, IMFBlog.

  Lagarde, C. (2017).

• Dani Rodrik: Globalisation - the trade-offs

  CORE Econ

• Professor Putnam: The pros and cons of immigration

  Aarhus Universitet

Section 09

• Economics for business

  Begg, David K. H., author.

  Sixth edition., McGraw-Hill Education

• Why is inflation so high and will it stay that way? An economist explains, World Economic Forum.

  Marchant, N. (2022).

• European Central Bank. (2015). What is a central bank?

• Structure and Functions of the Federal Reserve System.

  Federal Reserve Education.

• BIS. Central bank and monetary authority websites.

• What Has Central Bank Independence Ever Done for Us?, Bank of England.

  Haldane, A. (2020).

• What caused hyperinflation in Venezuela: a rare blend of public ineptitude and private enterprise, The Conversation.

  Carmody, M. (2019)

• Monetary Policy Report, Bank of England.

  Monetary Policy Committee. (2022).

• Quantitative easing and monetary financing: what’s the difference?, Economics Observatory.

  McMahon, M. & Macchiarelli, C. (2020).

• European Central Bank. (2022). Interview with Cinco Días.

Session 10

• Economics for business

  Begg, David K. H., author.

  Sixth edition., McGraw-Hill Education

• How Do Economists Determine Whether the Economy Is in a Recession?, The White House Blog.

  The White House. (2022)

• The return of depression economics and the crisis of 2008

  Krugman, Paul R., author.

  [New edition]., Penguin Books

• This time is different : eight centuries of financial folly

  Reinhart, Carmen M.

  Princeton University Press

• The case for Mr Osborne's austerity, BBC.

  Flanders, S. (2010).

• The case against Mr Osborne's austerity, BBC.

  Flanders, S. (2010).

• The Great Depression, golden age, and the global financial crisis’. Unit 17 in The CORE team, The Economy.

  Carlin, W., Bowles, S. & Segal, P. (2017).

• ‘The Great Depression, golden age, and the global financial crisis’. Unit 17 in The CORE team, The Economy.

  Carlin, W., Bowles, S. & Segal, P. (2017).

• How 7 Firms Survived And Rebuilt After Crisis: Amazon, Sequoia Capital, Hostess, And More

  CBInsights

  How 7 Firms Survived And Rebuilt After Crisis: Amazon, Sequoia Capital, Hostess, And More

• The Great Reset: What We Can Learn From Five Companies That Shaped Consumer Goods and Grocery Retail Through Their Actions 85 Years Ago

  Lucy Nicholls

• The Great Depression, golden age, and the global financial crisis’. Unit 17 in The CORE team, The Economy.

  Carlin, W., Bowles, S. & Segal, P. (2017).

• Bank of England. (2019). Will there be another financial crisis?, edu.bankofengland.co.uk.

• How did COVID affect government revenues, spending, borrowing and debt?, ifs.org.uk.

  Tax Lab. (2021).

• Game of Theories: The Great Recession

  Marginal Revolution University

Module leaders

Dr Cloda Jenkins