This session will provide a brief overview of the role of Microeconomics in understanding the profitability of firms. After showing the importance of understanding the demand, supply as well as the market environment, we will introduce the concept of game theory and apply it to everyday decision-making both for individuals and for firms.
About Dr. Otto Lenhart
“I am a Senior Lecturer in the Department of Economics at the University of Strathclyde. My primary fields of interest are health economics, labor economics and applied microeconometrics. My research focuses on estimating the effects of public policies on well-being, with a specific focus on outcomes related to physical and mental health as well as labor market outcomes. My research has explored a variety of policies, including changes to income assistance programs, minimum wages, insurance coverage, maternal benefits, marijuana policies as well as sudden economic shocks. I am currently teaching an Honour’s Year Advanced Microeconomics course, an MSc elective Health Economics Policy course, and the MBA course Economic Analysis for Strategists.”