Caitlin Gorback

Caitlin Gorback
  • Applied Economics Doctoral Student

Contact Information

  • office Address:

    3000 Steinberg Hall-Dietrich Hall
    Philadelphia, PA 19104

Teaching

Past Courses

  • BEPP250 - MANAGERIAL ECONOMICS

    This course will introduce you to "managerial economics" which is the application of microeconomic theory to managerial decision-making. Microeconomic theory is a remarkably useful body of ideas for understanding and analyzing the behavior of individuals and firms in a variety of economic settings. The goal of the course is for you to understand this body of theory well enough so that you can effectively analyze managerial (and other) problems in an economic framework. While this is a "tools" course, we will cover many real-world applications, particularly business applications, so that you can witness the usefulness of these tools and acquire the skills to use them yourself. We will depart from the usual microeconomic theory course by giving more emphasis to prescription: What should a manager do in order to achieve some objective? That course deliverable is to compared with description: Why do firms and consumers act the way they do? The latter will still be quite prominent in this course because only by understanding how other firms and customers behave can a manager determin what is best for him or her to do. Strategic interaction is explored both in product markets and auctions. Finally, the challenges created by asymmetric information - both in the market and within the firm - are investigated.

Knowledge@Wharton

How Automation Could Make Teams Less Efficient — and Less Cooperative

New Wharton research delves into the little-studied question of how human performance and team dynamics are impacted by automation.

Knowledge @ Wharton - 2018/02/21
Seeing Red: Can a Brand Trademark a Signature Color?

Luxury fashion designer Christian Louboutin is fighting to trademark his signature red shoe soles in the European courts. Will he succeed?

Knowledge @ Wharton - 2018/02/21
How Living Wills Can Work for ‘Too Big To Fail’ Firms

Planning for the possible orderly shut-down of big banks can ensure that shareholders and management "bear the consequences of their decisions" -- not taxpayers, says the outgoing FDIC chair.

Knowledge @ Wharton - 2018/02/21