BDBA820

This course covers research methods from economics that have proved to be useful in business disciplines. Students will develop an understanding of how equilibrium models are constructed, how they are used to make predictions about causal relationships, and how this forms the basis for empirical estimation strategies. We will start with optimization fundamentals, discuss consumer and producer theory, and an efficient route to equilibrium models. In addition to pricing in competitive, monopoly and oligopoly markets, the course covers mechanism design, adverse selection, and moral hazard. We also study a number of empirical papers that illustrate how predictions of economic models are tested.