Kathy Bi

Kathy Bi
  • Applied Economics Doctoral Student

Contact Information

Teaching

Current Courses (Fall 2022)

  • 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.

    BEPP2500208 ( Syllabus )

    BEPP2500207 ( Syllabus )

    BEPP2500202 ( Syllabus )

    BEPP2500201 ( Syllabus )

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

How Analytics Is Changing Finance

In the first session of this year's Beyond Business discussion series, Wharton professors Michael Roberts and Daniel Taylor explored how analytics is influencing the field of finance, bringing new efficiencies while creating new challenges.Read More

Knowledge @ Wharton - 11/29/2022
How Strong Is Your Data Balance Sheet?

Wharton's Scott Snyder presents a simple framework to unlock the full potential of your company's data assets.Read More

Knowledge @ Wharton - 11/29/2022
Hero Worship: What Happens When Jobs are Suddenly Moralized

Grocery delivery workers were hailed as heroes during the pandemic, but not every gig worker considered themselves worthy. New research from Wharton’s Lindsey Cameron explores the business consequences of becoming an overnight hero.Read More

Knowledge @ Wharton - 11/29/2022