Master in Business Administration Program
|Module |Managerial Economics | |Code |BMME5103 | |Status |Core | |Level |Master | |Credit Hours |3 Credits | |Pre-requisite |None | |Evaluation |50% Coursework (25% Individual Assignment, 25% Group Assignment) | | |50% Final Exam | |Objectives |At the end of the course, students should be able to apply economics theory together with decisions science | | |methodology to business and administrative decision-making. | |Synopsis |The course discusses economic concepts and decision science methodology, which are necessary to help make effective| | |decision in business and administration organisations. The course focuses on the application of microeconomic | | |analyses to business and administrative problems. Topics include demand analysis, production and costs, and | | |price-output determination under various market structures and pricing techniques. | |Module Structure |Title / Topics |Learning Hours | |UNIT 1 |INTRODUCTION |40 | | | | | | |Nature and Scope of Managerial Economics | | | |• Managerial decision-making process | | | |• Objective of the firm | | | | | | | |Economic Optimization | | | |• Marginal analysis in decision-making | | | |• Differential calculus | | | |• Application of differential calculus to optimization problems | | | | | | |...
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