Managerial course basic application

ii. Consumer behavior, analysis of demand and behavioral economics. The unit will constitute price changes relative to types of commodities, budget constraints, consumer preferences, and surpluses. iii. Uncertainty and risk in economics with the specific focus on value, utility, and risk in the market. Conceptual understanding and application game theory and strategic thinking in business context, oligopoly behavior, and market failures. The course aims to introduce the learner to the problems in the management of enterprises. As a result, students will develop strategies and tools to tackle those problems that managers encounter in their daily activities in the organizations. Subject to the common use of groups in organizations, the course shall emphasize on group projects. The group shall undertake five projects for which each group will present their findings to the class for which each will earn the same grade.