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.
- 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
- A survey of the fundamental quantitative concepts and tools used in the field of business is presented in this course. Topics in the course include annuities, present value, compound interest, markup and markdown, graphing, equations, inventory, depreciation, breakeven cost, revenue, elasticity, inequalities, and certain aspects of linear-programming.
Prerequisite: MAT 150, MAT 200 or MAT 206 (for Business students only)
- This course focuses on the three general areas of 1) money and financial institutions, 2) business financial management, and 3) investments. These areas are surveyed by covering such topics as value and creation of money, the Federal Reserve System, commercial banks, short and medium term financing, and the behavior of securities markets in relation to financing the business enterprise.
Prerequisites: MAT 051 or exemption from Elementary Algebra.
- This course is an analysis of the organization and operation of our financial system, including money and capital markets, commercial banking, and other financial institutions such as commercial finance companies. The relationship between financial and economic activity including monetary and fiscal policy is demonstrated.
Prerequisite: FNB 100 or ECO 100 or ECO 201 or ECO 202
- The marketing system is described, analyzed and evaluated, including methods, policies, and institutions involved in the distribution of goods from producer to consumer. Emphasis is placed on the means of improving efficiency and lowering distribution costs.
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
Theory of the Firm, Dynamic Games, Economic Education