Theory of the Firm - A Microeconomics Course for Business

Managerial Economics, also known as Theory of the Firm, is a course I like to call "Micro-Microeconomics".  It is a course that looks at what happens in boardrooms and small businesses all around the world when business owners decide on the price of their products.  It's fascinating and complex and simple!  Yes, it is all of those things and is heavily dependent on the Market Structure in which the firm functions.  Therefore, this is a perfect course for anyone interested in business, whether it be your own small business or wrk a multinational corporation for which you were--the pricing decisions are the same!  It's really cool.

Complete with over 60+ video lessons and downloadable notes, the course covers:

• An Introduction to the Theory of the Firm

• Costs Theory and what it means for the pricing of a product

• Revenue Theory and with it means for the pricing of a product

• Profit Theory and what it means for the pricing of a product

• And then - the combination fo the all three to find the perfect price for a product

• The Market Structures of...

  • Perfect Competition

  • Monopoly

  • Monopolistic Competition

  • Oligopoly

• The magic of finding the perfect price for a product based on the Market Structure in which the firm operates

• And a love of Economics that I hope is contagious!

I teach Economics because it fascinates me. Because it is the study of human behavior. Economics isn’t about data and graphs and problem sets. It is the study of people and their story and their history and the forces of society that we are born into. It provides us with an understanding of ourselves. It is not hyperbole to say that a thorough understanding of economics enables us to better understand the human condition.

As a former Peace Corps Volunteer, a graduate of Duke University, and someone who has been fortunate enough to have traveled to over 55 countries around world, you will see how those experiences shape my teachings of Economics. Economics is the study of human behavior; and it is as a result of that behavior that economists have something to put into data charts and diagrams to study. Don't ever forget that!

I am looking forward to being a part of your studies if Macroeconomics!