1. Reza Salehnejad Economics Courses at MBS

2. Economic Courses  First Year: 1. Economics Principles (first semester)  Second Year: 1. Introductory / Intermediary Macroeconomics (full year) 2. Managerial Economics (full year)  Third Year: 1. Industrial Organization (economics) & Business Strategy (full year) 2. Macroeconomics (second semester) 3. Economics of Sports (first semester) 2

3. Why Study Economics  (Quite Recent) Economics – possibly the only field that can potentially offer a unified framework for thinking systematically about real business decisions.  Help understand how changes in the market / industry and the economy overall shape the fortune of the firm.  Difficult to design optimal business strategies without a solid understanding of the economy – both at the micro and macro level. 3

4. Economics Courses  The courses emphasize strategy design in practice, using a rich mix of up-to-date real case studies and theory.  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.  The Beauty: A mix of theory and rich case studies.  All economic courses enjoy dynamics syllabi! 4

5. Managerial Economics  Theoretical framework  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 5

6. 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  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 6

7. 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 7