BAPA 550 Managerial Economics I

The purpose of this class is to help you to think logically about making money and more broadly, about making the world a better place and being happy. We will discuss the following topics:

  1. Optimization: the basics of making choices consistent with pursuing an objective
  2. Equilibrium: how we predict what will happen in a market with different people and firms who have different objectives.
  3. Rules for profit maximization by businesses
  4. How the aggregation of profit maximizing firms' behavior generates market supply
  5. How the interaction of consumers and firms creates a supply-demand equilibrium
  6. How different competitive environments affect prices, quantities, and firm profits
  7. How taxes and regulations are likely to affect market prices and quantities

Instructor Biography - Tom Davidoff

Course Outline - Class of 2019 (Updated July 19, 2017)

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