Managerial and economix decision free#

This course intended for Penn undergraduates considers economic models of household decisions and examines evidence on how consumers are managing (and mismanaging) their finances. As a result, government regulation plays a major role in these markets. Though virtually all people use these products, many find financial decisions to be confusing and complex, rendering them susceptible to fraud and deception. Additionally, recent breakthroughs in the FinTech arena are integrating innovative approaches to help consumers. Moreover, consumer finance comprises an enormous sector of the economy, including products like credit cards, student loans, mortgages, retail banking, insurance, and a wide variety of retirement savings vehicles and investment alternatives. Research shows that many individuals are profoundly underinformed about important financial facts and financial products, which frequently lead them to make mistakes and lose money. The goal of the course is to teach you to 'think like an economist,' which I hope will help you to understand the world around you, make better economic decisions in your own life, and be a more informed citizen and voter.īEPP2020 - Con Fin Decision Making (Course Syllabus) Economic arguments are often used in debates about government policies, discussion of business strategies, and many of life's other arenas.

We will look at policy options that the government and the Federal Reserve Bank face, and discuss pros and cons of their actions. We will understand how the size of the US economy is determined, how unemployment is measured, how inflation affects life. Macroeconomics is the study of the economy as a whole. We will use economic theory to analyze issues like a gas tax to change reliance on oil, minimum wages to increase salaries of the working poor, and government subsidies to increase education. We will study when markets are likely to produce 'efficient' outcomes, and when government intervention may improve on or harm the competitive market outcome.

Managerial and economix decision free#

Microeconomics is the study of the behavior of households and firms, whose collective decisions determine how resources are allocated in a free market economy. BEPP1000 - Introductory Economics (Course Syllabus)