MGMT 405
Managerial Economics
Description: Lecture, three hours. Designed for graduate students. Analysis of consumer, producer, and market behavior. Market structure, pricing, and resource allocation. Applications to managerial strategy and public policy, with emphasis on competition, market power, and externalities. Letter grading.
Units: 4.0
Units: 4.0
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Most Helpful Review
Mr. Darby is a nice enough guy. However, he's not a naturally gifted teacher, and really puts the onus on students--and his TA, Jeonsik--to teach the material. Many TA sessions saw the entire class (65 people) showing up, because we had absolutely no idea how to apply the concepts from class. The book rambles, and the problems aren't analogous to what Darby's exam questions look like. Get the Schaum's "Managerial Economics" paperback book from a bookstore ($10) or local library, and things will start to make more sense (if you're not an econ major). It's no surprise that Darby, being a Chicago PhD, is a hard-core free-markets kind of guy. Be prepared to hear the virtues of monopolies touted and the waste of government programs loathed. In keeping with this philosophy, he was a Bush I appointee to NBER. Upside: the mini-cases he makes people present are a great way to apply economics to current-day situations.
Mr. Darby is a nice enough guy. However, he's not a naturally gifted teacher, and really puts the onus on students--and his TA, Jeonsik--to teach the material. Many TA sessions saw the entire class (65 people) showing up, because we had absolutely no idea how to apply the concepts from class. The book rambles, and the problems aren't analogous to what Darby's exam questions look like. Get the Schaum's "Managerial Economics" paperback book from a bookstore ($10) or local library, and things will start to make more sense (if you're not an econ major). It's no surprise that Darby, being a Chicago PhD, is a hard-core free-markets kind of guy. Be prepared to hear the virtues of monopolies touted and the waste of government programs loathed. In keeping with this philosophy, he was a Bush I appointee to NBER. Upside: the mini-cases he makes people present are a great way to apply economics to current-day situations.
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Most Helpful Review
All of the Professors my section had in the Fall Quarter were great, however, Professor Thornberg stood out as the best by far. For someone that didn't have a strong interest in economics prior to the course, he created such a dynamic learning experience that I look forward to future opportunities to take other economics courses taught by him. This was his first time teaching this course in the Core and he definitely seemed to make the class a priority. He consistently made updates to his slides to clarify points and ensure a comprehensive learning experience. The most enjoyable part of his class was his lecturing style. He was very energetic and connected immediately with the class. He concentrated on the intuition of economics rather than only formulas to give a deeper meaning to the subject matter. Fantastic Professor.
All of the Professors my section had in the Fall Quarter were great, however, Professor Thornberg stood out as the best by far. For someone that didn't have a strong interest in economics prior to the course, he created such a dynamic learning experience that I look forward to future opportunities to take other economics courses taught by him. This was his first time teaching this course in the Core and he definitely seemed to make the class a priority. He consistently made updates to his slides to clarify points and ensure a comprehensive learning experience. The most enjoyable part of his class was his lecturing style. He was very energetic and connected immediately with the class. He concentrated on the intuition of economics rather than only formulas to give a deeper meaning to the subject matter. Fantastic Professor.
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