Strategic thinking, or putting yourself in your rival's shoes, game theory invokes interrelatedness of decision making. The realization that decisions are not made in a vacuum, and you are not the only player greatly increases your ability to face ambiguous and uncertain situations.
Managers need to understand the pressure points of the market they are in to make informed decisions.
Addresses the framework of using foundational economics to inform problem solving through critical and analytical thinking.
Data is everywhere, and we need structure to be able to interpret that data in a systematic and meaningful way. Described as statistics on steroids, econometrics directs users to derive value from information.
What policies should be implemented to generate economic growth? What kind of growth is desired? These questions were explored in Korea, Mongolia, China, and Myanmar.