Economics Courses at MBS
Reza Salehnejad
Economic Courses
First Year:
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Economics Principles (first semester)
Second Year:
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Introductory / Intermediary Macroeconomics (full year)
Managerial Economics (full year)
Third Year:
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Industrial Organization (economics) & Business Strategy (full year)
Macroeconomics (second semester)
Economics of Sports (first semester)
Why Study Economics
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(Quite Recent) Economics – possibly the only field that
can potentially offer a unified framework for thinking
systematically about real business decisions.
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Help understand how changes in the market / industry
and the economy overall shape the fortune of the firm.
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Difficult to design optimal business strategies without a
solid understanding of the economy – both at the micro
and macro level.
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Economics Courses
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The courses emphasize strategy design in practice, using
a rich mix of up-to-date real case studies and theory.
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A twin approach: the courses and assessments are
designed so that both students with math background and
those with non-technical background can enjoy the
courses, without any difficulty, and master the art of
strategy design.
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The Beauty: A mix of theory and rich case studies.
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All economic courses enjoy dynamics syllabi!
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Managerial Economics
Theoretical framework
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Game theory and formal models of oligopoly markets
Imperfect competition
Economics of information & and decision making under uncertainty
Advanced Pricing Strategies
Strategic behaviour & non-cooperative game theory
Signalling,
Auctions & auction design
Introductory topics on market design
Firm organization , incentive systems & firm design
Financial crisis and business strategy lessons
Firm investment behaviour
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Industrial Organization & Business Strategy
Start-up, spinoffs & firm dynamics
Mergers and acquisitions
Cartels, Collusions, & Price wars
Vertical integration & restraints
Organizational Structure – advanced topics
Advance topics on Firm Design
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Network Industries
Multi-sided platforms
Big Data, Analytics, IT, and Firm evolution
Healthcare market design / Firm Design in Healthcare
Financial market design / Firm Design in the Financial Sector
The Market for ideas, patents & IP
Industry evolution, corporate aging, corporate transformation
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Intermediary Macroeconomics
Basic Concepts
Fundamental Questions
Open economy model
Business cycles – theory and stylized facts
Theories of inflation, interest rates, and exchange rate
Economic Growth – theory and stylized facts
Unemployment
Theories of financial crises
Optimal Currency unions – the fate of Euro
Monetary & fiscal policies
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