An introduction to some of the quantitative methods used in modern management science and economics. Topics include probability concepts, forecasting, decision theory, linear programming, queuing theory, network models, and Markov analysis. This course is designed primarily for business administration students who have done introductory-level work in economics. The objective is to enhance students' understanding of the application of economic analysis to managerial decisions. This course introduces the student to basic quantitative and statistical techniques commonly used in economics, particularly regression analysis.
Emphasis is on good methodology and correct usage of elementary econometric techniqes.
This course is open to students who want to acquire depth in selective special topics in economics. The course traces the history of American money and banking and includes a history of policy decisions of the Federal Reserve System. It addresses the dynamic nature of American financial services industry and with an investigation of the monetary policy procedures. This course offers opportunities for the student to engage in practical application of economic theory. Permission of the department chair and the Dean is required.