This class was tough.
I highly recommend this course because it would help you understand more the mindset of how business firms operate. It would help you appreciate the very decisions that the researchers and statisticians make to maximize the profit and wealth of the company. Moreover, if you are a person who is business-minded, this course would propel you to the basics and strategies in managing your own firm or small-scale business.
One of the highlights of this course was the study on Externalities. I learned that one action of a single entity would basically create an impact to other firms or individuals. But these very effects would not necessarily be positive as it would sometimes lead to negative externalities. That is why when creating a business, one must be mindful of the strategic location of where the business should be placed as well as the social costs that your firm's actions will result.
Hours per week:
Advice for students:
I advice the students to really read books recommended by their professors, look up video tutorials on the web regarding mathematical concepts, and seek help from tutors who would aid you understand and appreciate each topic.