By Professor Ignacio Vijil-Cabrera
About the Professor:
Professor Vijil-Cabrera teaches Managerial Economic Analysis to Executive MBA students in New Jersey, Singapore and China, where he combines his real life experience and dynamic teaching style with his solid understanding of economic theory.
“The emphasis of my classes is on pragmatic and applicable microeconomic subjects. I try to spend as long as possible relating the concepts at hand to current events. The Wall Street Journal and The Economist (to name a few) are more important in my class than the text book. I have delivered training in a corporate setting to over 3,000 executives worldwide, so I know that the students are not only interested in what one is teaching, but in how to apply it as well.”
In addition to EMBA Director Farrokh Langdana’s course, both Prof. Vijil- Cabrera and Prof. Langdana’s economics courses have been ranked # 5 and then #2 by Financial Times in 2017 and 2018, in the eight Top 10 categories for EMBA programs worldwide.
More about Professor Vijil-Cabrera…
About the subject:
Managerial Economics focuses on the neoclassical model that is the benchmark for economic thinking and cost-benefit analysis. This basic toolset can be used in a variety of settings and how it can be modified to cover an incredibly diverse range of problems. One of the key insights in economics is to carefully understand the incentives of both sides of a transaction. Analysis on the market from the perspective of a manager producing and then pricing a product and from the perspective of a consumer buying a product and on the strategic decisions faced by a firm competing with other firms.
Prof. Vijil-Cabrera will be sharing about Own-Price, Cross-Price and Income Elasticities of Demand, at the open house.