Managerial Economics and Accounting (4 Credits)

Learning Outcomes:

On successful completion of this Course, students will be able to:   Explain basic concept of Managerial Economic; Apply economic managerial theory in industry; Use economic managerial model in decision making process, Analyze strategic opportunities and maintain competitive advantage; Interpret cost analysis and activity based costing within case study; Interpret balance scorecard as strategic management within case study; Appraise just in time and quality within case study; Interpret Interpret transfer pricing and environmental cost within case study; Appraise the impacts of decisions making in the organization.

Topics:

1. Managerial Economic
2. Demand Theory
3. Demand Estimation
4. Production Theory
5. Cost Behaviour
6. Elasticity
7. Market Structure
8. Market Structure (2)
9. Pricing Strategy
10. Investment Analysis
11. Investment Analysis (2)
12. Forecasting
13. Decision Theory, Controller, and Cost Accounting
14. The Balanced Scorecard
15. The Cost of Quality and Accounting for Production Losses
16. Activity Accounting: Activity-Based Costing and Activity-Based Management
17. Just-In-Time and Backflushing
18. Transfer Pricing
19. Environmental Cost Management.