MBA 610: BUSINESS ECONOMICS
This course is an introductory study of market-type economies. This subject has two broad areas of development. The first of these, called microeconomics, focuses on how individual decision makers behave and interact in markets, and how their interaction governs the allocation of resources and the distribution of goods in modern market economies.The secon, called macroeconomics, sees the economy as composed of several broad groups of decision makers, particularly households, firms, and governments, and studies how the interaction of these groups affects the aggregate performance of the economy as measured by such variables as total output, the general price level, and the rate of economic growth. These two approaches are complementary, illuminating different aspects of economic behavior.
MBA 615: FINANCIAL ACCOUNTING: A CUSTOMER FOCUS
This course is an introductory study of financial accounting. It includes the study of basic accounting language and concepts, recording financial transactions, preparation and interpretation of financial statements, accounting methods, business decisions, inventory valuations, and methods of obtaining capital.
MBA 620: STATISTICAL THINKING FOR MANAGERS
This course introduces the student to the essential ideas of statistical thinking, which is important for every manager, both in dealing with day-to-day operations and in finding opportunities for improvement. Students will learn how to gather data, summarize data into an understandable form, use probability ideas in understanding data, infer and predict based on the always-limited available data, and use modern computers to aid in the process. Case studies and student-designed projects enhance the student’s understanding of the practical application of statistical methods. Prerequisites: MBA 502, MBA 503
MBA 625: EFFECTIVE AND EFFICIENT MANAGEMENT OF OPERATIONS
The course provides an introduction to concepts, principles, and practices of effective and efficient creation and distribution of goods and services. It focuses on quantitative techniques for problem solving and decision making in a variety of strategic and tactical areas of operations management, including total quality management, product mix, process design, materials requirement planning, inventory control, and project management.
Prerequisite: MBA 620
MBA 630: FINANCIAL MARKETS
This course serves as an introduction to the financial system and its relationship to the financing of domestic and international business activity. Financial market components and phenomena such as financial instruments, institutions, flow of funds, market efficiency, interest rate determination and term structure, exchange rates, and the balance of payments are analyzed. The governmental impact on financial markets, manifested through monetary and fiscal policy and regulation, is also covered. An introduction is given to the concept of financial asset valuation and the time value of money. The emphasis is on the significance of these elements for conducting the financial affairs of businesses.