Teaching Philosophy

As an economist, data analyst, and AI enthusiast at Northeastern University, I, Richeng Piao, bring a unique perspective to teaching economics. My approach combines empirical research with insights into technology’s impact on economics, using historical events and current stories to make lectures engaging. I’m committed to fostering deep understanding, critical thinking, and practical skills in economics, aiming to inspire a lifelong interest in the subject. My teaching philosophy is about creating an interactive, supportive environment where students can connect theories with real-world applications. For more insights into my teaching methods and philosophy, please visit [Full Teaching Statement].

Courses Taught at Northeastern University

ECON1115 Principles of Macroeconomics

Welcome to Principles of Macroeconomics! In this course, you’ll explore the fundamentals of economics and how they apply to the big picture. From everyday choices like what to buy and how to spend your time to major decisions made by governments and leaders that impact entire nations, economics is all around us.

You’ll dive into real-world examples, such as how the COVID-19 pandemic reshaped our lives and forced businesses to adapt. Why study economics? Because it’s not just about understanding the economy; it’s about making smarter decisions in a world with limited resources.

Throughout this course, you’ll gain insights into economic concepts that will change the way you view the world. Whether it’s choosing what to purchase or where to live, economics will empower you to make more informed decisions. Get ready to explore the fascinating world of economics and see how it enriches your understanding of the world and enhances your decision-making skills.

ECON1116 Principles of Microeconomics

Welcome to Principles of Microeconomics, the scientific study of the choices made by individuals and societies in regard to the allocation of scarce resources. This course delves into the core principles of economic analysis, exploring how these principles apply to everyday decisions made by consumers, firms, and governments. You will learn about the intricate dynamics of supply and demand, market equilibrium, and how various economic factors such as prices, taxes, and government regulations affect both consumer behavior and market outcomes. Through a blend of theoretical models and real-world applications, you will gain a profound understanding of how microeconomic concepts shape the world around us.

ECON2350 Statistics for Economists

This course is designed to provide you with a solid foundation in statistics, whether you are a first-time statistics student or seeking to refresh your statistical knowledge. You’ll explore the principles of data analysis, probability, and statistical inference, gaining the skills needed to make informed decisions and interpret the world through a statistical lens.

ECON2560 Applied Econometrics

Applied Econometrics is a course that focuses on the practical application of statistical and econometric techniques to analyze economic data and test economic theories. It is designed to provide students with the necessary tools and skills to conduct empirical research in economics and make informed policy decisions.

ECON2316 Microeconomic Theory

In my perspective, Microeconomics Theory can be seen as a continuation of the fundamental principles covered in an introductory economics course. The main objective is to introduce mathematical formalism to the foundational concepts taught in the previous course. As a result, this course is highly technical and theory-driven.

The course begins with a comprehensive examination of consumer behavior models and their underlying structures, followed by an exploration of producer theory, we apply these models to analyze different market structures. Some of the major themes we will cover include optimization, demand, costs, pricing strategies, market equilibrium, market structure, and strategic behavior.

In addition, it covers sources of market failure, such as public goods, externalities, and information asymmetry. You learn the key analytical tools economists apply to evaluate the welfare and distributional impacts of policies designed to improve market outcomes. Calculus-based methods are used to extend students’ existing knowledge of microeconomics.

ECON4681 Information Econ & Game Theory

This course provides a comprehensive introduction to game theory and the art of strategic thinking. Central concepts in game theory such as dominance, backward induction, Nash equilibrium, evolutionary stability, and more are explored in depth. These ideas are not just theoretical but are applied to real-world scenarios, including examples from economics, politics, movies, and other domains. Interactive class games and diverse examples are used to illustrate these concepts vividly.

Diversity Statement

As an economist and educator at Northeastern University, I, Richeng Piao, champion the importance of diversity in education. My journey as a first-generation immigrant informs my teaching, where I foster an inclusive environment that values diverse perspectives. With experience teaching students from various cultural backgrounds, I emphasize inclusivity and cultural competency in my classroom. I believe in recognizing and celebrating each student’s unique story, ensuring that all voices contribute to a rich, vibrant learning community. My goal is to cultivate an academic space where differences are not just acknowledged but celebrated, enriching the educational experience and preparing students for a diverse world. [Diversity Statement].