A master class for students on the topic “From Cost to Profit: The Microeconomic Decision-Making Mechanism in a Firm” was held at the Academy of the State Customs Committee (ASCCA).

In his opening remarks, the head of the Department of Customs Affairs and Management, Ph.D. Associate Professor Elvin Alirzaev, spoke about the role of the microeconomic decision-making mechanism in the operations of firms and the importance of students applying the acquired knowledge in practical contexts.

Later, Ulvi Mammadov, a department head and representative of the “Sahliyali” company, shared the real-world practical aspects of the decision-making process in firms with the participants, explaining strategies for cost optimization and profit increase. He also provided examples using various business cases to demonstrate how theoretical knowledge is applied in practice.

At the end, the trainer provided detailed responses to the students’ questions.