How Markets Work: Real-World Applications of Supply and Demand (EC 102)
While driving to campus, I am reminded of how economic concepts are exemplified in the real world: a local coffee shop offers a free drink after purchasing twelve drinks in order to induce brand loyalty, a restaurant went out of business because it was located near a well-established rival, and a movie theater offers a student discount in order to attract more consumers and maximize profits. This class serves as an introduction to microeconomics, the study of the decision-making process of firms and households and their interaction in the marketplace. By using real-world examples and current events, students will develop their economic intuition so that they will be able to critically discuss and analyze economic issues.
Dr. Kerry Tan is a faculty member in the Economics department at Loyola University Maryland. He received his BA from the University of California, San Diego and his PhD from The Ohio State University. Professor Tan enjoys fueling his students’ curiosity for economics by connecting the course material to their everyday lives. He is a recent recipient of the Chair’s Award for Distinguished Teaching in Economics, as well as the Sellinger School’s STAR Award for Teaching. Professor Tan is fascinated by anything dealing with airplanes and conducts research on pricing strategies in the U.S. airline industry.
Business Statistics (EC 220)
Introduces the concepts and application of statistics in management. Students learn to apply estimation and hypothesis testing to univariate and multivariate business problems. Topics include descriptive statistics and statistical inference; multiple regression; correlation; and trend and seasonal time series analysis.
Dr. Srikanth Ramamurthy
Bio coming soon!
Kaileigh Jolliffe is an alum of Loyola University Maryland. She graduated in 2009 with a degree in Marketing and is now working in the Office of International Programs as a study abroad coordinator. During her time at Loyola, Kaileigh studied abroad in Newcastle, England for a year and now manages this program here at Loyola. She is excited to be back at Loyola and working with the Messina program
Students considering a major in the Sellinger School of Business are strongly recommended to consider this pairing since EC 220 satisfies the core for business majors. WR 100 satisfies a core requirement for all students. Students should also enroll in MA 151 (Calculus) either in the fall or spring semester in order to be eligible to take EC 220 during the spring semester.