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Business Foundations Coursework

ACCT 7012: Accounting for Managerial Decisions

Duration: 14 weeks   |   Credit Hours: 3

Understand how managerial decisions are made in corporations using accounting data. Special emphasis is given to cost allocation, break even analysis, ABC costing, product costing and budgeting decisions.

BA 7010: Corporate Legal and Social Responsibility

Duration: 7 weeks   |   Credit Hours: 2

Develops a manager's ability to exercise informed judgment with regard to the ethical and legal issues that arise in domestic and global business in the context of the employment relationship, financial decisions, environmental protections, and product development.

BANA 7011: Data Analysis

Duration: 7 weeks   |   Credit Hours: 2

Introduction to data analysis and statistical methods with focus on practical decisions using quantitative models in a spreadsheet environment. Topics include sources of data, descriptive and graphical statistical methods, probability, distributions, sampling and sampling distributions, estimation, confidence intervals, and hypothesis testing.

BANA 7012: Decision Models

Duration: 7 weeks   |   Credit Hours: 2

Topics include regression modeling and analysis including simple and multiple regression, decision analysis for making decisions under uncertainty, risk analysis and simulation of complex models in a spreadsheet environment, what-if models and spreadsheet engineering, optimization models and solving them with spreadsheet tools, optimization models in business applications such as marketing and finance.

ECON 7000: Foundations in Economics

Duration: 7 weeks   |   Credit Hours: 2

This course provides an introduction to the fundamentals of economics at the graduate level for students without previous economics coursework. Students will be exposed to the essentials of both microeconomics and macroeconomics. Microeconomics topics to be discussed include the supply and demand mechanism, how markets are affected by regulation and taxation, costs of production, and how market structure affects outcomes. Macroeconomic topics to be discussed include the fundamental measures of the aggregate economy, the sources of economic growth, explaining short-run fluctuations in economic activity, and how government policies can affect these fluctuations. A particular focus will be to understand how fundamental economic principles at both the micro and macro level can affect companies, investments, industries, and national economies.

ECON 7020: Managerial Economics

Duration: 7 weeks   |   Credit Hours: 2

This course is designed to introduce students to economic tools useful in managerial decision-making. The course proceeds from describing the general demand and cost conditions faced by a firm, to its market environment characterized by few to many other firms in the market, and finally to its extended environment of potential competitors and upstream and downstream members of its supply chain. Besides the substantive aspects of the course, students will be expected to describe consumer demand and costs using spreadsheet software. Specific topics include profit and revenue maximization, consumer behavior and demand, production and cost, competition, monopoly, monopolistic competition, oligopoly, social welfare, merger policy, limit pricing, vertical arrangements such as franchising, and game theory.

FIN 7014: Financial Management

Duration: 14 weeks   |   Credit Hours: 3

The objectives of the course are twofold. First, it is intended to continue to develop facility with the tools used in making financial decisions. Second, it is intended to develop the intuition necessary to correctly apply those tools in financial decision making. The emphasis of this course is on practical decision making. Being able to make practical decisions requires both sound knowledge of financial theory and mathematical facility. Hence, significant parts of this course will be devoted to the study of financial theory and the necessary mathematical tools.

IS 7011: Information and Technology Management

Duration: 7 weeks   |   Credit Hours: 2

This course employs the case method to discuss the managerial and strategic implications of the use of Information Systems in organizations. The course starts with a review of concepts related to Information Technology in the realm of networking, databases, application development, and architecture. Next, it examines the value of Information Technology in modern organizations. Finally, multiple cases are discussed, covering themes like Enterprise Resource Planning, Digital Convergence, e-Marketing and Social Media, Disruptive Innovations, Virtual Teams, and IT Resources and Capabilities.

MGMT 7014: Leadership and Organizations

Duration: 7 weeks   |   Credit Hours: 2

This course focuses on concepts and applications related to organizations and the individuals who design and work within them. The goal of the course is to help you better understand and practice individual and organizational management. We will cover micro-level issues (e.g., individual differences and motivation), mid-level issues (e.g., leadership, groups and teams), and macro-level issues (e.g., organizational culture and structure). By focusing on concepts, applications and issues, you will be better able to see and understand organizational phenomena that you might now take for granted. This course will also help increase your understanding of yourself and others so that you can be more effective in the organizations in which you manage and participate.

MKTG 7011: Marketing for Managers

Duration: 7 weeks   |   Credit Hours: 2

This course aims to describe many phenomena in marketing. As consumers we develop a surface familiarity with the activities and institutions of the market place but we need a closer look at the players, decision-making issues, processes and key lessons from the commercial trading environment. We also intend to develop an understanding of system dynamics and causal linkages in the marketplace. Why do some products fail? How can we structure productive relationships? What will happen to prices when we intensify distribution or advertising? The course takes up these questions and more.

OM 7011: Management of Operations

Duration: 7 weeks   |   Credit Hours: 2

Introduces basic operations principles through case studies and explores major operations problems. Areas of concentration are decisions and activities involving product and process design, the use and control of resources, scheduling and quality management, supply chain management, and project management.

When is Business Foundations required?

New students WITHOUT an undergraduate degree in business are required to start the MBA program by taking a set of classes called Business Foundations. This coursework prepares students who are not familiar with basic business concepts to be successful in the core curriculum.

Classes in Business Foundations include:

  • Accounting
  • Math for Decision Making
  • Economics
  • Finance
  • Business Law

The courses are taken pass/fail and do not count toward the student's grade point average, which is based on the 53 (60 for healthcare specialization) credits in the MBA curriculum. Successful completion of the Business Foundation courses confers 12 graduate credit hours on your transcript.

Business Foundations is offered in the summer and fall semesters. Healthcare students must take Business Foundations in the summer.

Is Business Foundations optional?

If you already have an undergraduate business degree, you are not required to take Business Foundations, so you start the MBA degree by taking the core courses. No time will be spent in the core courses on reviewing fundamental business concepts.

If you need a refresher on business concepts that were taught in your undergraduate business degree, you can AUDIT Business Foundations in order to facilitate a smooth transition into the core curriculum.

The fee for auditing a course is one-fourth of the current tuition rate of one semester hour. Tuition remission funds may not be used to cover classes that are being audited. Audited courses may not be repeated at a later date for credit, may not be changed in status after the registration period, and are not considered part of the course load.

Why take Business Foundations Courses?

Impact of Business Foundations on the Degree Plan

Students who take Business Foundations will complete the standard MBA degree in 21 months, which is a traditional two-year, full-time MBA program. Healthcare students complete their degree in 24 months, because of the extended residency requirement. Joint degree students will spend three semesters in the Business School, one semester in Business Foundations courses and two semesters in the MBA core courses.

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