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MANAGERIALECONOMICS LECTURE1 Rudolf Winter-Ebmer Winter 2021 Objectives of this course Howtomakegood(managerial)decisions Howtouseformalmodelstoanalyzetheeffects of (managerial) decisions ❘❲❊ ▼❛♥❛❣❡r✐❛❧ ❊❝♦♥ ✶ ❲✐♥t❡r t❡r♠ ✷✵✷✶ ✶ ✴ ✷✷ Preliminaries Slides available on my website hyperlinks in orange. Discussion forum: I will occasionally post “interesting stuff” Youshouldreadtext before class Mypersonaloffice hours: K150D, come by alone or with a friend anytime (If I amnothereorsuperbusy, I will arrange a meeting) or write an email rudolf.winterebmer@jku.at ❘❲❊ ▼❛♥❛❣❡r✐❛❧ ❊❝♦♥ ✶ ❲✐♥t❡r t❡r♠ ✷✵✷✶ ✷ ✴ ✷✷ Consider this experiment Notes: Figure 1 in Carter, Susan Payne, Kyle Greenberg, Michael S. Walker, 2017, Economics of Education Review, 56, p121. ❘❲❊ ▼❛♥❛❣❡r✐❛❧ ❊❝♦♥ ✶ ❲✐♥t❡r t❡r♠ ✷✵✷✶ ✸ ✴ ✷✷
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