The focus of this course is on the application of quantitative analysis techniques for strategic business decision making. Topics will include probability and descriptive statistics, survey construction, project management tools, forecasting methods and statistical process control. These quantitative decision support techniques assist managerial decision making in the world of business, including applications to finance, marketing, engineering, manufacturing, quality, service, and human resources problems. 

This capstone-like course builds on previous coursework and provides participants with an  opportunity to integrate various functional areas into the development of a strategy. Participants  will study the underlying foundations of corporate strategy, opportunity assessment, strategy  implementation, and strategy control. Participants successfully completing this course will be  better prepared for their professional career in general and for a business career in particular.  Hopefully, this course will also further stimulate your interest in business affairs and developments  all around the world. In addition to the learning outcomes listed below, upon successful completion  of this course, you will have demonstrated your ability and willingness to: manage your time;  engage in constructive criticism and discussion; exhibit oral and written communication skills; use  different research resources; and exhibit a number of skills and characteristics desired by  employers worldwide – these skills and characteristics include motivation, dedication, discipline,  creativity, integrity, diversity awareness, global thinking, analytical thinking, and a positive work  attitude.

This course considers the domestic and global economic environment of business and its impact on management planning and decision making. It aims to teach various concepts and analytical tools of economics as well as economic logic in order to help students to understand the economic issues and events occurring around them. This subject has two broad areas: Microeconomics focuses on how individual decision-makers behave and interact in markets. Macroeconomics sees the economy as composed of several broad groups of decision-makers-- particularly households, firms, and governments--and studies how the interaction of these groups affects the aggregate performance of the economy. The class combines these two complementary approaches. Economics topics covered include but are not limited to: how economics and the world of business are related, the supply and demand model and how markets work, costs of production, revenue and profit, the macroeconomic environment of businesses, GDP and economic growth, how government policies affect markets and economic performance, why inflation, recession and unemployment occur and their effects, comparative advantage and trade, globalization and multinational business, international trade and trading blocs, and the balance of payments.