Matriculation Year: 2011
Prior Undergraduate/Graduate Degree (s): BA Math/Econ/Stat University of Chicago 2007
Macroeconomic Policy and Forecasting, Research Department, Federal Reserve Bank of Chicago
Awards And Honors
- Univ. of Penn Dean's Fellowship for Distinguished Merit, 2011-2015
BEPP250 - Managerial Economics
Managerial economics is the application of microeconomic theory to managerial decision-making. Microeconomic theory is a remarkably useful body of ideas for understanding and analyzingt the behavior of individuals and firms in a variety of economic settingsd. The goal of the course is for you to understand this body of theory well enough so that you can effectively analyze managerial (and other) problems in an economic framework. While this is a "tools" course, we will cover many business applications so taht you can witness the usefulness of thse tools and acquire the skills to use them yourself. We will depart from the usualy microeconomic thoery course by giving more emphasis to prescription: What should a manager do in order to achieve some objective? That course deliverable is to be cmpared with description: Why do firms and consumers act the way they do? The latter will still be quite prominent in this course because only by understanding how customers and competitors behave can a manager determine the best strategy. Turning to coverage, the course begins with development of the theory of supply and demand underlying the competitive model. We then turn to monopoly and oligopoly and investigate the development and use of market power such s through price descrimination.
BEPP950 - Managerial Economics (formerly BPUB 950)
Public goods, externalities, uncertainty, and income redistribution as sources of market failures; private market and collective choice models as possible correcting mechanisms. Microeconomic theories of taxation and public sector expenditures. The administration and organization of the public sector.