Ceteris paribus - Studying for Managerial Economics
I am loving every minute of the MBA, including the academic part. Right now, I am studying for Managerial Economics. Karlitos has more experience with this concepts, but I am catching up!
Seriously, I am enjoying myself like a kid with a new ball (or so we say in Spanish), learning at classes. The highlights:
- Finance and Financial Accounting: I had zero education in these areas. And I am learning a lot and very effectively. Good teachers who know their stuff. For these classes, having an engineering background helps, because the concepts are simple, mathematical and straightforward
- Managerial Economics: Ten years ago, I did Economics 101. Now I am relearning the basics. Great fun. Exam in two days. Let’s see how it goes.
- Strategy: I am learning a lot. Amazing classes, giving excellent frameworks, good discussions, better cases, top teacher. The class I am enjoying the most. Every lesson provides new insights on how to set up succesful businesses and how to develop a good strategy.
- Information Systems Fundamentals: I got the results of the test yesterday. Very good news, I waived it, to have more free time with other stuff.
Part of the classes succes is attention to feedback, as Manish reported. Professors are responsive, and that is much appreciated. I would prefer some courses to go a little bit faster, but polls suggest that overall people are ok with the pace. Myself, I take advantage of the slower pace in some classes to review the concepts while on class.
To finalize, and I know you know, but wikipedia is the best source of information ever!
Ceteris paribus - Wikipedia, the free encyclopedia
Ceteris paribus is a Latin phrase, literally translated as “with other things [being] the same,” and usually rendered in English as “all other things being equal.” A prediction, or a statement about causal or logical connections between two states of affairs, is qualified by ceteris paribus in order to acknowledge, and to rule out, the possibility of other factors which could override the relationship between the antecedent and the consequent.
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