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Unit 201: Economic Decision Making

Topic 1: The goals of firms and of public institutions
Topic 2: Demand and supply
Topic 3: Estimating demand and forecasting
Topic 4: Production theory
Topic 5: Cost analysis
Topic 6: Market models for pricing and output decisions
Topic 7: Pricing decisions in practice
Topic 8: Capital budgeting and consideration of risk
Topic 9: Benefit-cost analysis
Topic 10: Some important aspects of the role of government

Case Study: Pricing in the Electricity Industry.