Economics of Management Decisions
Course Objectives
The economic environment of an organization defines the threats to its survival and the opportunities for its future success. This course applies the concept of economic decision making to a wide range of management decisions.
The global economy is continually undergoing changes. Of special significance is the evolution of financial markets in response to rapidly expanding worldwide investment opportunities.
Important valuation themes discussed in this course include the valuation of intellectual property and the valuation of businesses as a whole for the purpose of merger or acquisition.
Increasingly, managers are restructuring financial information as well as supplementing it with non-financial information to better analyze the economic performance of their organizations.
Several important techniques in this area of performance measurement are discussed such as the balanced scorecard, and open-book management.
Cost management remains an essential topic within every organization; in this regard, activity-based costing is discussed.