It begins with a thorough review of algebra, then moves on to basic mathematical concepts in economics and the basic frameworks for present-day accounting. This course teaches the fundamental concepts that should be understood before undertaking graduate courses in management, marketing, and organizational behavior. The complex mathematical models and probem-solving techniques encountered in later courses in economics, accounting, finance and production and operations management. This course examines the interaction of individuals, groups and systems in both profit and nonprofit organizations. It presents theories, classic and contemporary research, and case studies.
Discussion focuses on practical applications.
Topics include individual needs and motivation, group dynamics, power and leadership, politics and conflict resolution, communication, organizational design and structure, and ethics. This course studies the operation of the American market system, discussing its imperfections as well as it successes. Analysis of market structure which applies to different types of products and services are supported by a study of cost practices, production modes, and demand differences which exist within each industry. Adjustments, to the market, such as franchising, pricing methods, and capital budgeting are studied as methods of adjustment to various market needs. The course proceeds from theory to real world practice.