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Level 2: Financial Decision Making

Module Description

This module aims to:

1. Introduce students to the concepts, techniques, and methods of financial decision-making issues facing managers
2. Develop an understanding of the various analytical models and enable students to select and apply these approaches to real world problems;
3. Understanding and applying the decision-making process; and
4. 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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