What things do you think you will use the most

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Assignment: We have covered a lot of subjects. We would love to hear what your takeaway is for the following:

• What things do you think you will use the most?

• What did you find most interesting?

• What did you never know before?

Looking back, here is a list of some of the concepts and skills we covered:

• Use the rational-actor paradigm, identify problems, and then fix them.

• Use benefit-cost analysis to evaluate decisions.

• Use marginal analysis to make extent (how much) decisions.

• Make profitable investments and shutdown decisions.

• Set optimal prices and price discrimination.

• Predict industry-level changes using demand and supply analysis.

• Understand the long-run forces that erode profitability.

• Develop long-run strategies to increase firm value.

• Predict how your own actions will influence other people's actions.

• Bargain effectively.

• Make decisions in uncertain environments.

• Solve the problems caused by moral hazard and adverse selection.

• Motivate employees to work in the firm's best interests.

• Motivate divisions to work in the best interests of the parent company.

• Manage vertical relationships with upstream suppliers or downstream customers.

Reference no: EM132833912

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