Topics include linear programming, decision making under uncertainty, forecasting, queuing, and inventory systems. Principles of Economics. This course provides a survey of micro-and macroeconomics theory with an emphasis on material vital to managerial decision making. The determination of national income, monetary and fiscal policy, and international trade are topics addressed. In this course, students are introduced to the theory and practice of accounting, including the basic accounting equation, the accounting cycle, the preparation of financial statements, and an analysis of these statements based upon an understanding of generally accepted accounting principles.
Students survey the role of marketing in business and in society.
Topics studied are consumer behavior, market segments, product positioning, new product development and policy, pricing, distributing, advertising, and sales management. Background material will enhance case analysis in weighing marketing factors in management. The course content includes the background, patterns, and practical operations of global business. The interactions between business policies and the host country's sociopolitical and economic environment are investigated. Students explore the major ethical theories within the tradition of Western philosophy to evaluate their application to contemporary ethical dilemmas.