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ECON 414 Managerial Economics

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    Great Intro to the Subject


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    • Profile picture
    Feb 08, 2017
    | Would recommend.

    This class was tough.

    Course Overview:

    This course was extremely challenging but it really forced you to think critically about every problem you solved. It took economics and applied real life situations and exposed students to several elements that alter things such as supply and demand. It wasn't a typical economics course that showed what happened to demand when the price of a good increased. Rather it showed mathematically the consequences of these changes so you truly understood the effects.

    Course highlights:

    Dr. Leguizamon didn't just focus on supply and demand in regards to how it changes when price changes. He focused on factors like gift cards and coupons and external resources that affect the buying experience. He incorporated aspects of calculus to mathematically determine maximum and minimum optimization based on specific, real life constraints. I learned that economics is ever changing and slightly unpredictable. These equations were very useful in determining very important decisions that a business may face in their day-to-day operations.

    Hours per week:

    3-5 hours

    Advice for students:

    My advice would be to ask questions. This material is tough and doesn't come to everyone so easily. Dr. Leguizamon is more than willing to run through examples to ensure his students have a better understanding of a problem. Most importantly, don't overthink the problems and work through them countless times until it makes sense. Don't focus on the math behind the problem but rather what the outcome means.

    • Fall 2016
    • Juan S. Leguizamon
    • Yes
    • Math-heavy Great Intro to the Subject

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