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|Student Contribution Band:||Band 3|
|Administered by:||School of Business|
Managerial economics helps decision-makers use fundamental microeconomics concepts to improve their decision-making process. It focuses on those aspects of theory which are immediately applicable to the practical problems faced by decision-makers, both in the private and government sectors of an economy. Topics of greatest interest and importance to decision-makers are addressed, such as demand, production, cost, market structure, investment analysis, and decision making under conditions of risk and uncertainty.
|Introductory subjects in Economics and Statistics|
|Townsville, Study Period 1, Internal|
|Census Date 22-Mar-2012|
|Coord/Lect:||Assoc. Professor Sizhong Sun.|
|Assessment:||end of semester exam (40%); quizzes or tests (30%); assignments (30%).|
Note: Minor variations might occur due to the continuous Subject quality improvement process, and in case of minor variation(s) in assessment details, the Subject Outline represents the latest official information.