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Level 2: Financial Decision Making
Module Description
This module aims to:
- Introduce students to the concepts, techniques, and methods of financial decision-making issues facing managers
- Develop an understanding of the various analytical models and enable students to select and apply these approaches to real world problems;
- Understanding and applying the decision-making process; and
- Focus on how to make better financial decisions in a business environment.
Module Content
- Analytical approaches to financial decision-making
- Subjective and objective applications of decision-making processes
- Expected value reasoning
- Introducing theories to real-world business situations
- Business trends including seasonality, cycles, and random variations
- Decision trees
Intended Learning Outcomes
On completion of this module, students will be able to:
- Apply understanding of quantitative decision making techniques
- Critically evaluate the most appropriate forecasting model for specific business needs
- Analyse and calculate problems using mathematical and statistically based tools and techniques
- Critically assess decision making management software programs, websites, and associations for their usefulness as information resources
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