Managerial Economics:ECO 550

Please respond to the following:



Thinking about everything you have learned in this course, discuss the single most confusing, difficult concept or formula you have encountered, as well as what made it so and the possible impact of an economist not understanding that concept or formula at all.



Discuss how you would explain what this class was about to a friend of yours pondering taking the same class.



*no word limit specified. I'd say 100-200 maximum.