Sebastian Rausch: Catalogue data in Autumn Semester 2017

Name Prof. Dr. Sebastian Rausch
FieldEconomics/Energy Economics
Address
Professur Ökonomie/Energiewirtsch.
ETH Zürich, ZUE E 7
Zürichbergstrasse 18
8092 Zürich
SWITZERLAND
Telephone+41 44 632 63 59
E-mailsrausch@ethz.ch
DepartmentManagement, Technology, and Economics
RelationshipAssistant Professor (Tenure Track)

NumberTitleECTSHoursLecturers
363-0511-00LManagerial Economics
Not for MSc students belonging to D-MTEC!
4 credits3VS. Rausch, V. Hoffmann
AbstractManagerial Economics applies economic theory and methods to business and economic decision-making. Economic ideas related to optimization, the theory of consumer demand, the theory of the firm, industrial organization and decision making under uncertainty are studied using methods of numerical analysis, statistical estimation, game theory and constrained optimization.
ObjectiveThe objective of the course is to provide undergraduate and graduate students in MAVT with an understanding of the use of economic concepts for firm-level management decisions. The course covers a number of models and methods of analysis which are commonly employed in business decisions. The course covers the economic theory of choice, models of oligopoly and industrial organization, applications of game theory to contract design and agency theory, and the theory of decision making under uncertainty focusing specifically on long-term investment decisions. The course will include three lectures by Professor Volker Hoffman focusing on related case-studies in management.
LiteratureMikroökonomie (Pearson Studium - Economic VWL) Gebundene Ausgabe, August 2013, Robert S. Pindyck, Dr. Daniel L. Rubinfeld.
Prerequisites / NoticeThe course acquaints students who have previous not studied economics to economic concepts and quantitative methods which can be used to solve management decision problems.