3. Explain how firms make investment, shutdown, or exit decisions.
Topic 3
1. Explain how firms in different market structures operate.
2. Identify the relationship between the theory of the firm and the market.
3. Explain the various ways government impacts and influences markets.
Topic 4
1. Analyze market structures and positions to inform economic decisions.
2. Compare direct and indirect price discrimination.
3. Evaluate the impact of behavioral factors on economic decisions.
Topic 5
1. Examine the role and value of game theory in strategic business and economic decision making.
2. Evaluate the role of game theory in determining outcomes for various business problems.
Topic 6
1. Examine business and environmental factors that lead to uncertainty, creating create risks that affect decision making by firms and individuals.
2. Assess and use tools that contribute to decision making under uncertainty.
3. Evaluate how moral hazard and adverse selection affect decision making.
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