Kyung-Rok Min

Kyung-Rok Min

Contact Information

  • office Address:

    2426 Steinberg-Dietrich Hall
    3620 Locust Walk
    Philadelphia, PA 19104

Research Interests: International Finance and Macroeconomics

Teaching

All Courses

  • BEPP2500 - Managerial Economics

    This course will introduce you to "managerial economics" which is the application of microeconomic theory to managerial decision-making. Microeconomic theory is a remarkably useful body of ideas for understanding and analyzing the behavior of individuals and firms in a variety of economic settings. 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 real-world applications, particularly business applications, so that you can witness the usefulness of these tools and acquire the skills to use them yourself. We will depart from the usual microeconomic theory course by giving more emphasis to prescription: What should a manager do in order to achieve some objective? That course deliverable is to compare 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 other firms and customers behave can a manager determine what is beswt for him or her to do. Strategic interaction is explored both in product markets and auctions. Finally, the challenges created by asymmetric information - both in the market and within the firm - are investigated.

Knowledge at Wharton

This Company’s Sustainable Partnerships Helped Prevent Amazon Rainforest Deforestation

A new study of Brazilian beauty company Natura shows how businesses can work with local stakeholders to preserve the environment and create change.…Read More

Knowledge @ Wharton - 9/26/2023
Why Long-term Home Mortgages Have Costly Trade-offs

U.S. homeowners typically choose 30-year mortgages, but riskier households in the U.K. choose shorter-term contracts, according to a study by Wharton’s Lu Liu. The findings have implications for mortgage market design, Liu says. …Read More

Knowledge @ Wharton - 9/26/2023
How AI Changes Our Sense of Self

Instead of focusing on how people feel about technology, marketing research should examine how technology makes people feel about themselves, according to Wharton’s Stefano Puntoni.…Read More

Knowledge @ Wharton - 9/25/2023