The subject develops students' understanding of managerial decision-making. It is concerned with the application of economic principles and methodologies to the decision making process of the business firm operating under conditions of risk and uncertainty. The subject covers: analytical techniques, demand analysis, production and cost analysis, market structure and pricing practices. Assumed knowledge for this subject is equivalent to that covered in ECO501.
HD/FL
One session
School of Accounting and Finance
Techniques of analysis: optimisation techniques, risk analysis and estimation techniques, linear programming Demand theory: consumer theory, market demand and elasticity concepts Demand estimation: marketing research and regression approaches Demand forecasting: qualitative, time-series and smoothing techniques Production theory and estimation Cost theory and estimation Market structure: perfect competition, monopoly, monopolistic competition and oligopoly Pricing practices: including price discrimination and transfer pricing.
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The information contained in the 2018 CSU Handbook was accurate at the date of publication: August 2018. The University reserves the right to vary the information at any time without notice.