This module is about demand forecasting and allows you to learn about the subjective methods of demand forecasting. Quantitative methods of demand forecasting are also covered. Econometric methods will be specifically addressed, with some emphasis upon regression analysis. The problems with regression analysis will be highlighted and solved.

This module is about the Theory of Production and covers the factors of production and the production function. You will learn about the law of diminishing returns and how the rational producer can operate. You will also learn about the equilibrium conditions of the producer and the effects of changes in input prices.