Declan Mirabella

Declan Mirabella

Contact Information

Teaching

All Courses

  • BEPP2500 - 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 compare 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 determine what is beswt 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 at Wharton

Sore Losers: Why Some Competitors Keep Fighting After Defeat

Competitive rivalries can prevent losers from admitting defeat in racing, business, and politics, Wharton research shows.Read More

Knowledge @ Wharton - 5/27/2025
Who’s Accountable When AI Fails?

Business leaders need to assess accountability at every level to effectively manage AI risks, writes Wharton’s Cornelia Walther.Read More

Knowledge @ Wharton - 5/27/2025
How Science Can Fix Its Trust Problem

Americans’ confidence in science has slipped to its lowest point in almost half a century, write neuroscientists Michael Platt and Cory Miller. In this opinion piece, they explain how scientists can work to rebuild trust. Read More

Knowledge @ Wharton - 5/27/2025