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Olivia Ozlem Mesta, PhD.

Lecturer, Economics

Olivia Ozlem MestaI completed my graduate studies at the University of Missouri-Columbia in the United States. Since my undergraduate degree is in mathematics, my interests were divided between mathematics, economics and business finance.

In order to explore these areas, I took classes from business school, mathematical sciences and economics. As a result, I ended up having a Master degree in Applied Mathematics, Master degree in Economics and an MBA degree in addition to a Ph.D. in Economics. I taught classes at full time appointments at Wilfrid Laurier University and McMaster University before coming to University of Waterloo. Some of the courses I taught include Microeconomics, Mathematical Economics, Game Theory, Economics of the Canadian Banking and Financial System, Development Economics, and College Algebra for Calculus Bound Students.

There are three main factors that guide my teaching philosophy. My lectures are designed to promote critical thinking and to engage my students in active learning. I relate the material covered in class to real world applications to allow students to see the applicability of the material covered in class so that they can later apply what they have been taught in their jobs. I have also strived to give my students the ability and desire to be curious about the world around them and have always aimed to give them the skills they need to pursue their dreams to explore the world around them so that they can build the future they desire.

Courses taught

  • GBDA 304, Marketing in the Digital World, Fall 2014


  • PhD (Economics), University of Missouri
  • MA (Economics)
  • MBA, MSc (Applied Mathematics)
  • MSc (Mathematical Engineering), Istanbul Technical University
  • BSc (Mathematics), Istanbul University

Research and teaching interests

I am interested in studying the effects of entry on the efficiency of different types of market structures. In particular, the conditions under which entry creates inefficiencies in oligopoly markets when firms engage in either Cournot (quantity) or Bertrand (price) competition.

In my dissertation, I examined the effects of free entry in Cournot markets. Inefficiencies arise when entry is free and firms differ in their cost structures. It is only in the presence of non-identical firms that studying the inefficiencies created by free entry becomes an interesting problem. Entry biases are calculated by comparing the equilibrium number of firms with free entry to social optimum number of firms. These comparisons are valid in both homogeneous and non-homogeneous good markets.

Awards and honours

  • Honorable recognition in case competition "Integrated Functional Perspectives", University of Missouri, 2005

  • The Chancellor's List, University of Missouri, 2004 – 2005

Presenations and exhibitions

Connect with Olivia

Email icon
Phone icon   519-888-4567 ext. 36559
Office icon  HH 221 / DMS 2012
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University of Waterloo

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