Managerial Economics B6200 is a core course for MBA and EMBA students at Columbia Business School. Therefore, all MBA students will pass this course. Because Managerial Economics B6200 is a core class, it has no prerequisites.
The Economics Department of Columbia Business School offers Managerial Economics B6200. This foundational economics course teaches students how markets function and how companies can operate in these markets. It essentially covers what used to be called Microeconomics at Columbia University. B6200 Managerial Economics shows how decisions made by individual managers and consumers culminate in market supply and demand, determining prices and quantities for all products in a free market.
Our graduate-level economics tutors provide one-on-one online tutoring for B6200 Managerial Economics and other economic courses, including B6201 Global Economic Environment at Columbia Business School.
Target Audience Managerial Economics B6200
Managerial Economics B6200 is highly recommended for anyone interested in managing a business, management consultancy, investing, etc., because Managerial Economics B6200 teaches you how the various markets operate. MBA and EMBA students study various aspects of consumer demand, costs, pricing, industry structure and market competition.
Managerial Economics B6200 Course Objectives
The Managerial Economics B6200 course aims to give Columbia MBAs a graduate-level introduction to economics as owners, and operators of businesses. Managerial Economics B6200 covers foundational economics concepts that drive free markets. Managerial Economics B6200 focuses understanding demand and supply dynamics, different market structures, production cost functions, game theory, individual consumer behaviour and market dynamics, etc.
Managerial Economics B6200 Course Structure
The first part of the Managerial Economics B6200 course examines how day-to-day business decisions are made. This involves supply and demand dynamics, consumer behavior, etc. The second part of Managerial Economics B6200 covers market structures, efficient and inefficient markets, pricing, government involvement, and its consequences. The third part of Managerial Economics B6200 covers other topics such as auctions, incentives, and game theory.
Managerial Economics B6200 Teaching Format
The Managerial Economics B6200 course teaching format is mostly lecture-based, supplemented with problem sets and occasional case studies. In addition to the lecture slides and textbook reading, students are provided with a lot of supplementary reading.
Managerial Economics B6200 Course Plan
A typical micro economics course plan looks like the following in the Managerial Economics B6200 course and Columbia Business School: Please note that every professor has the discretion to change the course plan.
- Consumer Demand
- Cost Analysis I
- Cost Analysis II
- Segmented Pricing
- Segmented Pricing II
- Supply and Demand
- Limits of the Market
- Adverse Selection
- Game Theory
- Auction Design
- Agency and Incentives
Managerial Economics B6200 Faculty At Columbia Business School
Managerial Economics B6200 has been taught by several Columbia faculty members, including Cristobal Otero, Nachum Sicherman, Paola Valenti, Frank Lichtenberg, Danielle Li, Thomas Prusa, Jonah Rockoff, etc., in recent years.
Textbook for Managerial Economics B6200
Some professors of the Managerial Economics B6200 course use the textbook Managerial Economics by Samuelson and Marks or Managerial Economics by Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Sho.
Managerial Economics B6200 Evaluation
The final exam tests your understanding of the material covered throughout the course. Remember that this is a quantitative course, so the exam is quite heavy in math. You identify equilibrium prices and quantities in different market structures, use elasticities, and deal with various pricing and cost questions, etc.
The final grades in Managerial Economics B6200 assign markets with problem sets at 30%, final exam at 50%, and class participation at 20% of the final grade.
Tutoring for B6200 Managerial Economics
There are several tutoring options provided by the Columbia Business School administration that we have listed here. If you don’t find the assistance you are looking for our graduate level macroeconomics tutors can assist you with tutoring for the B6201 Global Economic Environment course at Columbia Business School or other economics courses including B6200 Managerial Economics. Email or call us, and we will happily set up a tutoring session.