Warsaw, Poland

Managerial Economics

Ekonomia menedżerska

Master's
Table of contents
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⇑Managerial Economics at UKSW

Language: PolishStudies in Polish
Subject area: economy and administration
Kind of studies: full-time studies, part-time studies
University website: uksw.edu.pl/en

⇑Test: Is Managerial Economics the right fit for you?

economics-students-drawing-supply-and-demand-curves-on-a-flipchart

10 questions · two minutes

1. A firm is considering raising its prices. What do you need to know first?

2. How do you feel about econometrics – estimating demand or cost functions from real data?

3. Two rival firms are deciding whether to launch advertising campaigns. Would you model their choices with game theory?

4. Management must decide whether to enter a new market. How do you contribute?

5. How do you feel about behavioural economics – how real customers and managers depart from purely rational choices?

6. The programme is taught in English, and you’ll discuss business cases with students from many countries. How do you feel?

7. A manager insists on continuing a failing project because so much has already been spent. What do you say?

8. How would you design a bonus scheme for a sales team?

9. Which future role sounds most like you?

10. What motivates you most to pursue a Master’s degree in Managerial Economics?

⇑Definitions and quotes

Economics
Economics () is the social science that studies the production, distribution, and consumption of goods and services.
Economics
Economics is not simply a topic on which to express opinions or vent emotions. It is a systematic study of what happens when you do specific things in specific ways. In economic analysis, the methods used by a Marxist economist like Oskar Lange did not differ in any fundamental way from the methods used by a conservative economist like Milton Friedman.
Thomas Sowell, Ch. 1 What is Economics? in Basic Economics
Economics
The field of economics is not exempt from the consequences of chaos and complexity. Marketplaces are indeterminate; value is subjective; and outcomes are subject to interpretation. Economic forecasting is just as nebulous, being based on the probability of statistical information that may or may not be accurate.
L.K. Samuels, In Defense of Chaos: The Chaology of Politics, Economics and Human Action, Cobden Press (2013) p. 16.
Economics
Give not Saint Peter so much, to leave Saint Paul nothing.
George Herbert, Jacula Prudentum (1651). Reported in Hoyt's New Cyclopedia Of Practical Quotations (1922), p. 216.
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