Managerial Economics

This seminar is intended to enable managers to understand the economic framework in which they operate. The ultimate objective is to improve decision making among managers through the analysis of microeconomic behaviour. In particular, the aim is to teach managers to analyze the decisions of economic agents and make predictions on the outcomes of these decisions and on how these outcomes are affected by the economic environment. This seminar introduces the participants to the economic tools needed to understand the functioning of market economies in general and the workings of the energy sector in particular. Various market structures are analyzed with reference to the energy sector. In particular, different pricing strategies are discussed. Energy policies are examined from the standpoint of the concepts developed in the seminar.

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