Discussion

What things do you think you will use the most?

What did you find most interesting?

What did you never know before?

List of some of the concepts and skills we covered:

- Use the rational-actor paradigm, identify problems, and then fix them.

- Use benefit-cost analysis to evaluate decisions.

- Set optimal prices and price discriminate.

- Understand the long-run forces that erode profitability.

- Make decisions in uncertain environments.

- Motivate employees to work in the firm's best interests.