MSx: Microeconomics

Catalog description

The core microeconomics course is challenging and covers important economic concepts, including pricing decisions, perfect competition and the 'invisible hand,' organization economics, risk aversion and risk sharing, and moral hazard and adverse selection. The class follows a "flipped classroom" format, where students will be expected to work through the online modules before each class, and the time in class will be devoted to solving problems and discussing cases. If you have never studied microeconomics at all, it is a good idea to read a principles-level book before arriving at the GSB. You may want to consider reviewing two specific lessons available from the Khan Academy: 'Supply, Demand, and Market Equilibrium' and 'Elasticity.' These lessons are valuable background, but not indicative of the course you will take, which will focus on topics relevant to management.