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Cat. I
The purpose of this course is to provide the student with an overview
of the functional areas of business enterprise (production, marketing,
finance and accounting) and the roles of managers for guiding an
enterprise (planning, organizing, directing and controlling).
This is a course designed primarily for nonmanagement majors who would
like to acquire an overview of the various functions and aspects of
business management.
Cat. I
An introduction to the basics of the accounting process and its
underlying concepts. The course covers the basic techniques of
analyzing financial transactions, journalizing and posting them,
summarization of data onto trial balances, and preparation of
financial statements.
The course seeks to explain the role of accounting within the firm,
and to show the distinctive purposes of record-keeping, planning and
control. Topics presented include: generally accepted accounting
principles, classifications within the balance sheet and operating
statement, consolidated financial statements, and an overview of
accounting data processing. Upon completion of the course, the student
should have acquired a sound understanding of how internal accounting
techniques help with the accumulation, classification and
interpretation of information which assists firm owners and managers
to set and attain goals for the firm.
Cat. I
This course is designed to help the student make well-informed
judgments when faced with personal financial decisions. Such decisions
are growing in number and complexity, and both individuals and
families need a considerable degree of financial expertise in order to
utilize optimally their limited incomes.
Principal topics include: insurance (medical, life, automobile and
disability), consumer credit, estate planning, taxation, personal
investments (real estate, securities, etc.), social security
legislation and personal financial planning.
Recommended background: no background in finance is presupposed or
required.
Cat. I
This course is intended to familiarize the student with the wide
variety of ways in which accounting data are used by management as a
tool for the attainment of predetermined organizational
objectives. The emphasis of the course is on the application of
accounting data, rather than on its preparation, and particular
attention is given to the use of financial data both in controlling
day-to-day activities and planning future operations. Principal topics
include: master budgets, cost analysis and classification systems,
cost-volume-profit analysis, standard cost accounting and an
introduction to capital budgeting.
Recommended background: the student should be familiar with the basic
principles of financial accounting and fully acquainted with the
preparation and interpretation of the fundamental accounting
statements (MG 1100 or equivalent).
Cat. I
An analysis of the financial decisions of the firm: the questions of
what assets to acquire, the level of investment in each asset, the
advantages and disadvantages of alternative sources of funds.
This course is designed primarily for business and management majors,
for whom it is virtually indispensable. All business students should
have some familiarity with an area of management as important as
finance. This is also a good choice for engineering students who plan
to get a graduate degree in business and/or who anticipate becoming
involved in management at some stage of their careers.
Ideally students should have had introductory accounting and micro-
and macroeconomic theory at least at the introductory level. Students
will be particularly handicapped if they have not had accounting. Such
students will be expected to do outside reading to familiarize
themselves with double entry bookkeeping and financial
statements. Students without economics should read the chapters in an
introductory text dealing with capital theory, the equilibrium of the
firm, competition, the money supply and its velocity of circulation,
the role of interest rates in determining the level of economic
activity.
Topics include: financial analysis-ratio analysis of financial
statements; accounts receivable management; inventory management;
capital budgeting and investment evaluation; cash budgeting and cash
management; factors to consider in the overall planning of methods of
financing; the cost of capital and its determinants; the alternate
sources of short-term financing; trade credit, bank loans, secured
loans, etc.; intermediate-term loans; capital markets (an overview);
the mechanics of raising long-term funds; financing with long-term
debt; financing with new equity; dividend policy.
Cat. I
An analysis of how the financial system of the United States has
developed and contributes to the achievement of broad national
economic goals as high national income, satisfactory economic growth,
stable prices, and equilibrium in balance of payments with other
countries. Emphasis is placed on the theory of the supply and demand
for short-term money and long-term capital, and the resultant effect
on interest rates.
Primary concentration on the sources and uses of funds of the
major non-bank financial institutions, such as insurance companies,
pension funds, mutual funds, finance companies, savings and loan banks
and mutual savings banks. A discussion of the reforms of financial
institutions, and of money and capital markets to more efficiently
allocate the scarce resources of the country.
This course is intended to serve the business major and other
students interested in understanding the role of financial
intermediaries in the United States economy. Some knowledge of
accounting and economics will be helpful in taking this course.
Cat. I
This course is designed to provide an introduction to the language and
methodology of security analysis. It is intended to serve two
different groups of students: those interested in the subject from the
viewpoint of intelligent management of their own portfolios, and those
students who have a possible career interest in some facet of the
securities industry. Principal topics include: institutional structure
and language of the securities market; investment research;
alternative investment opportunities; financial statement analysis;
fundamental evaluation of common stocks, preferred stocks and bonds;
technical analysis; and business cycle analysis.
Recommended background: although no specific background is presupposed
or required, a knowledge of elementary macroeconomic theory and
financial accounting is of a great value to the student.
Cat. I
This first course in organizational science provides the foundation
for an understanding of organization and management. It is a survey of
the social science of work, describing the basic knowledge and
processes required of managers, including: motivation, communication,
supervision, managerial control, leadership, the group processes of
decision making, conflict, labor relations, management development,
work and organizational design, and reconciliation of the goals of
individuals and organizations. Lecture, video presentation, group
discussion and group mini-projects will be employed to introduce and
illustrate the basic elements of management.
Cat. I
This course is designed to provide an introduction to a variety of
tools and techniques found useful by modern industrial engineers,
operations researchers and managers. They are oriented toward the
creation and use of mathematical models to assist in managerial
decision making in business and other organizations.
The models discussed in this course deal with deterministic
decision-making problems where there are constraints on available
actions. Discussion centers on "classical" methods of optimization and
basic methods of linear programming. It is hoped that the student will
develop an ability to recognize situations in which a given technique
is appropriate. The conference portion will be devoted to student
participation in studies of actual situations, where the student will
analyze existing procedures, set up and solve the model, and provide a
critique of his or her (and others') studies.
The mathematical techniques used are introduced and developed to the
extent needed. The student is not required to have prior familiarity
with these subjects, although knowledge of basic calculus is
presupposed.
Cat. I
This course takes a systems approach to understanding information flows in organizations, focusing on the roles of hardware, software, data, people and procedures. It will cover transaction processing, decision support systems, data communications, information systems architectures and the system development life cycle. Learning methods include case study analyses, readings from academic and practitioner periodicals, guest speakers, product comparisons and written reports.
Recommended background: MG 1100.
Cat. I
To aid all engineering students in understanding economics and
business constraints on engineering decision making.
Topics include evaluation of alternative; the six time-value-of-money
factors; present worth, annual cash flow and rate-of-return analysis;
incremental analysis; depreciation and income taxes; replacement
analysis; inflation; handling probabilistic events; public economy;
break-even and minimum cost points.
Recommended background: basic understanding of economic principles;
fourth (or third) year standing in an engineering curriculum or
similar interest in engineering design or other technical decision
making.
Cat. I
Imparts an understanding of how the legal system, especially the
regulatory system, works. Specific topics such as consumer protection,
investor protection, environmental law, anti-trust law and
management-labor law are covered in detail. Numerous actual court
cases are used to illustrate the regulatory system of the business
environment. Specific fact problems will be discussed throughout the
course to develop the notion that managerial philosophy should be
broadened to include moral, social, ethical and human aspects of
business activities.
Cat. I
This second course in organizational science provides experience in
analyzing and applying the theories of leadership, motivation,
conflict management and the management of planned change. The thrust
of the course is the examination of managerial theories to determine
appropriate approaches to their use. The course is conducted as a
seminar and workshop and concentrates on the problems experienced in
the workplace.
Recommended background is MG 2300 or
agreement of the professor.
Cat. I
An introduction to the planning, analysis and design of production
systems. Designed for students in engineering or management who may
wish to assume responsibilities in the production of goods or
services.
Topics to be covered will include: microscopic and macroscopic
analysis of the production process, facilities location and
arrangement, resource allocation and optimization of the use of
facilities, work measurement and economic evaluation of
alternatives.
A knowledge of differential and integral calculus is assumed. More
importantly, knowledge of basic statistics and the ability to think
quantitatively are desirable. Intended primarily for third- and
fourth-year students. Students in engineering curricula are encouraged
to enroll.
Cat. I
An introduction to the planning and control of production
systems. This course complements MG 3400 and may precede or follow
it.
Topics include: forecasting, scheduling, and production and inventory
control maintenance, and quality control.
A knowledge of differential and integral calculus is assumed. Some
knowledge of probability and statistics is helpful but not
mandatory.
Cat. I
A number of in-depth case studies in Industrial Engineering and
Operations Research are analyzed. The cases will cover both
manufacturing and service systems ranging from production system
design to operations planning and control. Specific topics may
include: technology selection and replacement, facilities planning,
production planning and control, quality control.
Familiarity with basic material from the methods courses
MG 3400, MG
3401, MG 2500 and
MG 3501 is assumed.
Cat. I
This course focuses on the quality aspects of product design and
manufacturing. Topics include: Total Quality Management, Poka-yoke
systems, Statistical Process Control, Capability Studies, Quality Loss
Function, and Design of Experiments (Taguchi Methods).
This course is intended for both industrial and systems engineering
(MGE) and product engineering (MFE, EE, ME, CE) students. A knowledge
of differential and integral calculus is assumed. More importantly,
the ability to think quantitatively is strongly desirable.
Recommended background: MG 3400 and
MA 2612 or consent of the instructor.
Cat. II
This course studies the managerial problems of planning,
implementation and utilization of automation systems for factory and
office. Pivotal issues involving human factors, systems integration,
expert systems and economic justification are examined while providing
coverage on automation topics such as: numerical control, robotics,
production systems monitoring, flexible manufacturing, group
technology, networking, decision support systems, electronic filing
and electronic mail. An understanding of the fundamentals of either
engineering economy, MG 2850,
or financial management, MG 2200, is
assumed.
Cat. I
This course provides coverage in decision analysis. Decision analysis
is a technology that assists decision makers in quantifying
consideration of complexity and uncertainty in problems of choice. The
course applies decision analysis to problems in risk assessment and
risk evaluation. Decision making in risk analysis is examined across a
wide set of management engineering problems including case studies in
environmental risk, product liability, facilities design, and R and D
management. The course is intended to be highly integrative with
respect to risk analysis including issues such as business ethics and
risk communication.
While the course is self contained, a knowledge of calculus and
introductory probability and statistics is preferred.
Cat. I
Designed to give the student a broad appreciation of the fundamentals
of marketing management, this course is taught primarily by the case
method with several lectures based on behavioral science concepts
included for the student's general background. An analysis and
discussion of cases and problems are used to study demand advertising,
personal selling, channels of distribution, marketing research,
pricing, new products policy and the marketing-mix.
This course assumes a knowledge of the material in
SS 1110,
SS 1120;
MG 1100, MG 2200.
Cat. II
Provides an understanding of the industrial marketing process and
practices. It presents the latest concepts, tools and techniques for
marketing complex products and services to industrial and
institutional users. Topics include: product innovation strategies;
purchasing management and buyer behavior; major intelligence; pricing
strategies and tactics; developing markets for new industrial
products; bid proposals; industrial distribution; managing the
industrial sales force; marketing controls.
This course will be offered in 1996-97 and in alternate years thereafter.
This course focuses on the system development life cycle. Students
will work in teams to develop a microcomputer-based system for a
client, proceeding from problem definition to testing and system
implementation. MIS majors should take this course prior to their
MQP.
Recommended background: prior programming experience, such as that
gained in CS 1005 or
CS 1021, and a familiarity with MIS concepts such
as those covered in MG 2700.
Cat. II
This course covers the application of simulation to a variety of
managerial problems with examples from operations management,
industrial engineering and manufacturing engineering. It introduces
the student to the concepts of computer simulation, with an emphasis
on the design of a simulation experiment and statistical
interpretation of its results. It will discuss simulation of queueing
models, inventory and industrial dynamics, and gaming situations. The
role and use of computers for the execution of simulations will also
be highlighted.
A commercial simulation language such as SIMAN will be used to
solve problems from the manufacturing and service
industries. Recommended background: computer programming and
statistics (as in MA 2612 or
MA 3619).
This course will be offered in 1995-96 and in alternate years thereafter.
Cat. I
An application of economic theory to the problems of the firm with
special emphasis on decision-making. A study of how the firm
manipulates such variables as output, price, advertising and product
quality so as to achieve its goals; and of how its pricing and selling
strategy choices are affected by consideration of the reactions of
rival firms.
Also covered are demand forecasting and cost analysis using regression
and other techniques. A knowledge of the expected future distribution
of demand for individual goods and services and their costs of
production is vital in establishing national economic policies and
priorities. In demand and cost analysis, there is an interface between
economics and technology. Consequently, this area provides a source of
interactive projects that will enable students of engineering or
science to draw on knowledge of their own discipline as well as
economics in analyzing important social problems.
Students taking this course should be familiar with the material
covered in SS 1110,
Introductory Microeconomics.
Cat. I
This course addresses itself to the practical problems of starting and
managing a small business for profit.
It focuses on the planning required to buy an existing business or to
start a small business from the ground up and develop it into a
profitable on-going concern. The course uses the case method giving
the student an opportunity to apply and integrate the knowledge
previously acquired in such areas as accounting, finance, marketing,
production, engineering and business management.
Cat. II
This course is designed to give basic understanding and skill in the
area of cost accumulation to anyone concerned with recording the
expenses associated with a given activity or project.
Cost accounting provides data for three major purposes: 1)
planning and controlling routine operations, 2) making non-routine
decisions, and 3) inventory valuation and income determination. All
three are important, but the course stresses the first two as they
relate to project activity.
The goal of the course is to put cost accounting in focus as a
highly useful technique in any decision-making situation where expense
levels are important. While some attention is directed toward
accounting systems and procedures for data accumulation, stress is
given to the theme that cost accounting is a vital and dynamic tool
for problem-solving.
Because of the technical nature of the subject, students
should have mastered the material of MG 1100, Financial Accounting, in
order to be able to comprehend the concepts and techniques of cost
accounting procedures.
This course will be offered in 1995-96 and in alternate years
thereafter.
Cat. II
This undergraduate/graduate course in applied organizational sciences
introduces concepts and techniques of human resource management. It
provides experience in the solution of a variety of human resource
problems through classroom exercises and organizational cases,
introducing and building upon the basic concepts and techniques of
industrial and organizational psychology. The course focuses on
changing labor markets, employee recruitment and selection,
performance appraisal and compensation, job evaluation, training and
development, job design, labor relations, diversity and gender issues
in the workplace, government involvement in human resource issues, job
satisfaction, and motivation to work.
Recommended background: MG 2300
(or agreement of the professor).
Cat. II
This undergraduate/graduate course considers the essence of leadership
in groups and organizations. Specifically, it examines the personal,
interpersonal, group, and contextual factors which affect formal and
emergent leadership in groups and organizations. It also examines the
effectiveness of various leadership approaches and styles under
various conditions. Using case studies, simulations, group projects,
and selected readings on leadership in groups and organizations, this
course will give students an opportunity to assess and develop their
own leadership talents. Recommended background: MG 2300 (or agreement
of the professor).
This course will be offered in 1995-96 and in alternate years thereafter.
Cat. I
Student taking this course will develop an understanding of how
organizations can collect, analyze, and strategically use data sets. A
special emphasis will be placed on strategic use of data by
multi-national corporations competing in a global
marketplace. Students will analyze the development of corporate data
infrastructures. They will also conduct fieldwork in local businesses
to evaluate their ability to effectively meet their data needs.
MG 2700 or equivalent is recommended.
Cat. I
Students taking this course will develop an understanding of how
organizations can effectively use telecommunications technology to
enhance business functionality. Students will analyze the development
of organizational communication infrastructures, particularly on the
use of telecommunication technologies to create "virtual"
organizational structures and support globally-distributed
organizations.
MG 2700 or equivalent recommended.
Cat. I
The purpose of this course is to provide a capstone or final
integration of the various functions of management. The course focuses
on the strategic allocation of scarce resources: human, financial and
physical. The topics include: the functions of strategy, setting
objectives, planning systems, corporate strategy and organizational
structure, identification of opportunities and risks. The course is
mainly case oriented to permit the student to integrate the material
from various parts of the management program including marketing,
production/operations management, finance, accounting and
economics. Student presentation of written and oral solutions to case
problems is highly stressed.
Current developments in management seminars will be organized
periodically and announced in the Undergraduate Catalog. No more than
1/3 credit will be available for this type #4 IS/P.
*Initials of instructors in charge will appear in Undergraduate
Catalog in addition to a description of seminar to be offered.