How Economics affects Management and Social Sciences
Channel: Dottore for growth and meaning
Date: 2021-06-14

Talking about a few of the Economics Nobel Laureates and how their work interacted with other disciplines to create knowledge that can be applied across different areas of activity. Oh, and one new knighthood from the 2021 Queen's Birthday Honours in the UK.

This was initially recorded to introduce a Module in the Managerial Economics MBA course I've been coordinating.

The examples cover: transaction costs, boundaries of the firm, M&A, outsourcing, capital structures, valuation of derivatives, human capital, behavioural economics and nudge theory. 

Finally, we dicuss the nice story of how the 2020 Laureates discovered their award: Paul Milgrom and Robert Wilson. Their specialty is auctions.