Quantitative Methods for Managers
Differential Calculus: Rational and Irrational Functions, Trigonometric, Exponential and Logarithmical Functions. Maximum and Minimum problems, Tangent and Normal. Integration: Indefinite and Definite Integrals, Integration Methods, Areas Calculations and other applications of Integration, Linear Algebra: Vectors, Matrices, Solutions of Linear Equations. Functions of Several Variables. Partial Differentiation
Statistics in Management
Analyzing data in order to draw conclusions in decision making problems. Studying probability theory and various distributions in order to use them in estimation and test hypothesis. Course Objectives: Creation of tools to use sample data to get results about population.
Strategy and Business Policy
In this class we will learn and practice several techniques and processes in Strategic Management. We take the perspective of top managers, dealing with the major decisions affecting the direction taken by organizations. In addition to tools and techniques, we will also study some of the major ideas and frameworks in the Strategy field. The class also has an integrative aspect, and we thus employ ideas and techniques from the functional areas (e.g. marketing, HR and finance) to help deal with Strategic issues - we thus assume students have already studied all the basic functional courses. As part of the learning process we will use a few case studies to practice and illustrate issues in strategy formation and implementation.
Operations Management
The market assumes that balancing the supply and demand sides is possible through the adjustment of product prices. But in practice business managers are often facing with supply and demand mismatch that cannot be resolved just by price modifications. While supply is usually inflexible in the short term, demand can significantly vary, in many cases in an unpredictable way, and hence product price changes alone cannot bridge the gap between supply and demand. From the manager perspective supply leftovers mean waste of resources while excess demand signifies lost revenues.
The course objective is to provide the students with the framework for understanding the business operations processes. The students will learn the principles of business operations management focusing on the main goal of optimal supply and demand matching. Qualitative strategies as well as quantitative models will be introduced during the course. The students will be exposed to methods and tools designed to measure and control the business performance and identify bottlenecks in the operation processes. Specifically operations management under uncertainty will be discussed. In general, the students will also learn how to formulate and analyze managerial decision problems using mathematical models.
Accounting for Managers
This course provides an introduction to the fundamental concepts of financial accounting. Its purpose is to help students become intelligent readers of the main financial accounting reports (balance sheet, income statement, and cash flow statement). The perspective taken is that these reports provide information that is useful for making economic & business decisions.
The course provides an overview of cash and accrual accounting measures, the nature of financial statements- the balance sheet and the income statement, general accepted accounting principles, analysis of transactions, revenue and expense recognition, cash flow statement, inventory evaluation methods, current assets, long lived assets and depreciation and amortization expense, marketable equity securities, debt financing and interest expense, stockholders equity, taxes, and principles of financial statement's consolidation .
Marketing for Managers
Understanding the social process of marketing and developing the conceptual framework of managing marketing. During the course, the marketing language will be introduced by surveying the fundamental concepts, the tools and theories that comprise the basis of managerial decision making in the construction of marketing plans customized for business
Corporate Finance for Managers
The course is designed to provide participants with the basic theoretical concepts of finance theory and its usage in investment and finance decisions of individuals and of firms. Such decisions are mostly made under conditions of uncertainty which influence the individual and the firm's flow of capital during decision making as well as later periods in the future.
Behavioral Sciences for Managers
This course presents the field of organizational behavior and focusses on analyzing and understanding processes at the individual level, and on the way in which they impact the organization's behavior. The course presents prevailing theories in the field, basic knowledge in fields of psychology of the individual, and includes discussions on applying these in the field of management.
Fundamentals of Management Economics
Includes both Micro and Macro Economics
Part 1 – Micro Economics
Fundamental concepts – shortage phenomenon, curve of returns, alternative investment yields, Demand – price influence, other product price influence, income influence, curve of individual consumer demand, curve of collective market demand, consumer surplus, demand flexibility. Expense functions and supply functions of the individual manufacturer, the manufacturer's decision in short and long term pricing, collective market demand curve, manufacturer surplus, demand flexibility. Calculated competition – conditions for calculated competition, how to determine price and quantity, inter-market trading.
Government intervention – taxation, subsidies, income distribution in the market and disparity Monopoly – marginal proceeds, how to determine price and quantity, monopoly and social well-being, government intervention. Additional affiliate constructs - cartel, monopsony, oligopoly, market failure and welfare economics – public products, external influences.
Part 2 – Macro Economics
National accounting – national product measurements, income distribution among co-manufacturers, uses of the product, saving and investing. Components of collective demand, function of individual consumption, investments, public consumption and investment, determining the national product in a closed marked – the Keynesian Model. Constructing the collective demand function, balance product, fulltime employment product, distinction between inflation and deflation, government policy re market stabilization, determining the national product in an open marked, payment balance, foreign currency market and determining the rate of exchange, determining product in the open market, government policy re open market
