| Objectives of the Firm. Theories of Profits. Constrained optimization for Management Decision Problems. Demand, Elasticity Concepts and practical applications. Demand Forecasting; Qualitative and Quantitative Forecasts: Survey Techniques, Trend Projection, Moving Average and Exponential Smoothing, Barometric Forecasting. Production theory, and Cost Analysis in Short Run and Long Run, Accounting v/s Economics Concept of Cost and Empirical Estimation of Cost Functions. Market Structures: Perfect Competition, Monopoly, and Imperfect Competition, and Game theory. Pricing Practices: Price discrimination, joint products pricing, transfer pricing, cartel arrangements, and other pricing methods. Decision Making under Uncertainty and Government Regulation of business. |
Administrative assistant: DILMAHOMED BOCUS Bibi Swaleha
Telephone: 4037400
Email: s.dilmahomed@uom.ac.mu |
