On some occasions, students may be given permission to enroll in elective course prior to the completion of all core level courses. Students are familiarized with contemporary views and theories concerning business ethics, corporate social responsibility, and managerial practices. Readings, classroom discussions, case studies and group presentations are primary methods of instruction in this course. This course is a discussion of the modeling of the business functions of the organization that lends itself to analysis. Linear and nonlinear representations of common business scenarios are formulated, solved, analyzed and rethought.
Emphasis is given to analysis.
Scenarios of product mix, portfolio selection, scheduling, inventory and resource management are discussed. The analysis of business data that includes descriptive and inferential statistics as well as random phenomena is discussed. Market structure, terms of competition, determination of price, production functions, short and long-run production and cost scenarios are integrated into a comprehensive view of the firm. That framework is intended to allow the MBA student to analyze the economic basis of contemporary business decision making. Cases are employed to illustrate the utility of this framework.