Ioannis Tournas

Yanni Tournas

Associate Professor
Business Management


Office: F-730P

Office Hours: By Appointment

Phone: +1 (212) 220-1454


Professor Yanni Tournas received his Ph.D. in Managerial Economics from The Kellogg Graduate School of Management (GSM) at Northwestern University.

He has been a full-time faculty member at the top ranked MBA program at The Kellogg GSM at Northwestern University as well as Rutgers University. In Europe, he was a faculty member at the University of Edinburgh, Herirot Watt University and the Helsinki School of Economics.

In addition to the BMCC courses listed below, Professor Tournas has taught; Macroeconomics, Microeconomics, Industrial Organization, Competitive Strategy and Game theory at other universities.

Professor Trounas is an expert in Game Theory, Decision Science, and Applied Microeconomics. His current interests include exploring issues related to Monetary Policy, Money and Banking. His research is reflected in peer-reviewed papers published in journals such as European Economic Review, The International Journal of Industrial Organization and the The Asian Review of Accounting. In addition, the 2007 Economics Nobel Laureate Roger Myerson acknowledged Professor Tournas’ assistance in editing his book, “Game Theory: A Theory of Conflict,” Harvard University Press, 1991.

In addition to academic publications, Professor Tournas has contributed his opinion about economic developments in various publications.

Student Evaluations of Professor Tournas
2017: MAR 100
2017: FNB 250
2016: FNB 250
2016: MAR 100


Game Theory


  • Ph.D. Kellogg Graduate School of Management, Northwestern University, Managerial Economics, 1996
  • M.A. University of Illinois at Chicago, Economics, 1986
  • B.A. University of Athens, Greece, Economics, 1982

Courses Taught

BUS 210 (Business Methods)

Research and Projects

  • Analysis and Evaluation of Student Approaches to Learning in the Money&Banking course of CUNY Community Colleges
  • Partial Characterization of the Strategy Space with Bertrand Competition when Capacity costs Differ


  • “Tapered Integration and Informational Efficiency”. , South European Review of Business, Finance and Accounting, Volume 8
  • “In-House Competition, Organizational Slack and the Business Cycle”. Joint with Rudolf Kerschbamer , European Economic Review, Volume 47
  • “Idiosyncratic Investments, Outside Opportunities and the Boundaries of the Firm”. Joint with Rudolf Kerschbamer and Nina Maderner, International Journal of Industrial Organization., Volume 20

Honors, Awards and Affiliations

    • Doctoral Teaching Award, J. L. Kellogg Graduate School of Management, 1994-1995
    • Winifred Gerald Memorial Award, Department of Economics, University of Illinois at Chicago, 1986
    • Honor Roll Faculty, J. L. Kellogg Graduate School of Management, 1995-96
    • College Fed Challenge academic competitition 2011
      Faculty mentor for the winning BMCC student team participating in the Fed Challenge competition

Additional Information

Theory of the Firm, Dynamic Games, Economic Education