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in business operations based on accounting information and reports. It involves cost
analysis, operational leverage, discounted cash flow, ratio analysis, operational budgets,
variance analysis, financial performance measures, analysis and interpretation of
financial statements, management control systems, activities-based accounting, and
responsibility accounting.
BUAD 9124 Managerial Economics 10 Credits
Economics is about allocative efficiency in the face of scarce resources in an efficient,
effective and ethical manner. It is in fact the study of decision making on the allocation
of scarce resources of the organization in order to achieve optimization curve.
Managerial Economics Module involves the study and application of economic theory
to decisions made by individuals or organizations in order to achieve their goals. It is
designed to enhance the strategic decision-making capacity of a candidate's business
management. It focuses on production, theory, cost theory, price theory and game
theory (business strategy or competitive strategy). Specifically, it covers demand, supply,
elasticity, consumer theories, market systems and structure, cost of the firm, pricing,
labour market and international trade theories. This Module covers micro- and macro-
economic theory, models, quantitative concepts and their application to forecasting,
production, budgeting, and government regulations in managerial decision-making. The
Economics module will provide an overview of micro & macro-economic with an
emphasis on the practical managerial application of economic thought and theory to
firm, national, and international business activities.
BUAD 9211 Quantitative Techniques and Simulation 10 Credits
This Module provides an overview of essential, practical and quantitative techniques that
have been used to solve management problems. It offers the opportunity to apply
mathematical models and tools to the analysis of business problems and management
decision-making. The Module focuses on optimization. The simulation module provides
an opportunity for students to apply business theory and principles in an actual,
competitive environment created through computer simulation. Students will operate
software (SPSS, e-view, DAP), analyze, and make all business decisions in a competitive
environment.
BUAD 9212 Strategic Management and Modeling 10 Credits
This Module introduces the concept of strategic management through case analyses,
and considers the basic direction and goals of an organization, the environment (social,
political, technological, economic, and global factors), industry and market structure,
and organizational strengths and weaknesses. The emphasis is on the development and
successful implementation of strategy in different types of firms across industries. Strategic
man\agreement is concerned with those aspects of general management that have
material effects on the survival and success of business enterprise. It deals with methods
that help to handle challenging situations. This Module is designed to enable a student
to understand the art of strategic thinking, business environment analysis, to identify
business opportunities, threats vis-à-vis strength and weaknesses, formulation of strategies