Post-Class Reflection - Managerial Economics

To start with, at the heart of any macroeconomics analysis is an assumption that individuals are rational, and act optimally in their own self-interest. This paradigm helps explain much of what I observed in capitalist societies. It is also a good parameter for analyzing most business decisions.

This course has increase the basic understanding of how macroeconomics can be used both to manage and compete more effectively in a business environment. To add more, it has broaden the knowledge to evaluate both the internal structure and incentives within a firm as well as their competitive forces external to the firm.

To you Professor Ross a job well done.

Managerial Economics- Expectations

Managerial economics is the application of macroeconomic theory and methodology to decision-making problems faced by private, public, and non not-for-profit institutions. My expectations is to be able to make decision efficiently with the allocation of scarce resources. I will also want to have the foundation for studying other courses in finance, marketing, operations research, and managerial accounting. To crown it all, to provide a theoretical framework for trying together courses in the entire curriculum so I can have a cross-functional view of other studies.