Participants will be barred from graduation if they do not pass the Test and have not attended the summer intensive course. This course provides a business and management view of the modern corporation. The management aspect of the course considers the changing competitive world, the role of corporations in world development, the values of top management, and the vision needed to plan, organize, lead, and control corporate activities. The business aspect of the course integrates the business functions of the corporation such as marketing, finance, human resources, and production in order to accomplish the corporation's goals. The primary objective of the course is to provide participants with a solid conceptual and practical understanding of financial accounting.
Emphasis is placed on understanding the content and principles underlying financial statements.
From this a sound foundation is built on which participants can make more informed business judgments and decisions. This course provides participants with a basic understanding of the economics of the firm as well as macro-economics. The market forces of demand and supply, as well as the firm's price and output decisions under various forms of market structure, will be analyzed. In addition, national income, international trade theory and commercial policies, foreign exchange markets, and the balance of international payments will be treated briefly. The major objective of this course is to provide participants with real life examples of the application of quantitative methods, such as business statistics and operations research, to help business executives solve problems in competitive business environments.