This class was tough.
Dr. Kelley is passionate about economics and it shows through his teaching style. He dives into the math behind the economics and really helps you to understand why the theories are as they are. Understanding derivatives are essential for doing well in this course.
The course begins with the production cost theory. Essentially, as a business student, you learn how much to produce and what inputs to use. You learn about fixed, average, and marginal costs in the short run and learn that sunk costs are just that and they should not be considered in future decisions.
Hours per week:
Advice for students:
Do the homework. He allows you to work in a group, but you need to ensure you understand how you arrived at your answers. If you are struggling in the course go see Dr. Kelley early. He is always happy to help students understand the material.