Eduardo Azevedo

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Eduardo Azevedo  is an assistant professor in the Business Economics and Public Policy Department at Wharton. He specializes in applied microeconomic theory, market design and adverse selection.

Personal website: www.eduardomazevedo.com

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Papers and data are available on my website www.eduardomazevedo.com.

Past Courses

BEPP250 MANAGERIAL ECONOMICS

This course will introduce you to "managerial economics" which is the application of microeconomic theory to managerial decisionmaking. Microeconomic theory is a remarkably useful body of ideas for understanding and analyzing the behavior of individuals and firms in a variety of economic settings. The goal of the course is for you to understand this body of theory well enough so that you can effectively analyze managerial (and other) problems in an economic framework. While this is a "tools" course, we will cover many realworld applications, particularly business applications, so that you can witness the usefulness of these tools and acquire the skills to use them yourself. We will depart from the usual microeconomic theory course by giving more emphasis to prescription: What should a manager do in order to achieve some objective? That course deliverable is to compared with description: Why do firms and consumers act the way they do? The latter will still be quite prominent in this course because only by understanding how other firms and customers behave can a manager determin what is best for him or her to do. ,Strategic interaction is explored both in product markets and auctions. Finally, the challenges created by asymmetric information both in the market and within the firm are investigated.

BEPP971 MARKET DESIGN

The course covers Market Design, the analysis and engineering of market rules and institutions. In the last 60 years practitioners and academics have deliberately engineered the rules of an increasing number of markets, with classic examples including medical resident matching (e.g., NRMP), spectrum auctions (e.g., FCC auctions), and organ donation exchanges. In the last few years, very large markets have been created from scratch, such as eBay, Adwords, and smaller markets like odesk.com and sittercity.com. These designs use a broad set of tools, including economic theory, empirical analysis and experiments (and a fair dose of trialanderror). With this experience, useful principles have emerged, on what market failures typically have to be addressed, and on which rules work and which do not.