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DECS 433 Mathematical Methods for Management Decisions (1): Linear programming, emphasizing problem formulation and sensitivity analysis of optimal decisions. Elementary probability topics as a basis for DECS 434.
DECS 434 Statistical Methods for Management Decisions (1): Statistical techniques; applications and interpretations from management. Sampling, confidence intervals, tests of hypotheses, simple and multiple regression, and correlation.
DECS 435 Decision Analysis for Management (1): Managerial application of decision tree analysis, stochastic dominance, utility theory, risk postures, and cost and value of information.
DECS 440 Applied Quantitative Methods (1): Application of statistical techniques to solutions of management problems. Prerequisites: DECS 434.
DECS 444 Stochastic Models for Management and Economics (1): Stochastic methods and their applications, emphasizing statement, heuristic derivation, and interpretation of main results. Topics include Markov processes, martingales, Poisson processes, Brownian motion, stochastic calculus, and stochastic control. Prerequisites: Knowledge of probability theory.
DECS 451 Operations Research Techniques (1): Extension of the scientific approach to management problems introduced in DECS 433 and DECS 434. Queering and inventory theory, game theory, and dynamic programming.
DECS 452 Strategic Decision Making (1): Applications of game theory to management problems that involve strategic uncertainty and conflict.
DECS 475 Issues in Decision Sciences (1): Current issues; topics vary. May be repeated for credit with change of topic.
DECS 499 Independent Study (1-3) : Permission of instructor and department required. May be repeated for credit.
DECS 520 Seminar (1): Special topics and current research in decision sciences.
DECS 590 Research (1-3) : Independent investigation of selected problems pertaining to thesis or dissertation. May be repeated for credit.
MECN 430 Microeconomic Analysis (1): Analysis and meaning of elasticity and determinants of demand for firms' products; nature and determinants of firms' costs; relationship between consumer choice and the demand for products.
MECN 441 Advanced Managerial Economics (1): Analysis of competition in concentrated industries. Public policy.
MECN 442 Management and Resource Allocation in the Public Sector (1): The welfare-economics basis for collective economic action, economic approaches to governmental decision making, public expenditure, and the economics of taxation. Investigation of current public policy problems, including pollution, energy, income distribution, and intergovernmental fiscal relations.
MECN 443 Analytics of Corporate Planning, Strategy, and Organization (1): Strategic planning in economic organizations, including multidivisional firms.
MECN 444 Health Care Economics (1): Application of economic concepts to management problems and policy issues of the health sector. Risk and uncertainty, costs, demand, and efficiency in health care provision. Incentive problems.
MECN 445 The Economics of Regulation (1): Economic analysis of direct economic regulation and its alternatives; marginal cost pricing, fair rate of return regulations, peak load pricing, and automatic rate adjustment mechanisms. Social regulation as well as the regulation of public transportation and utilities.
MECN 446 Pricing Strategies (1): Influence of cost and demand on the pricing decision, product-line pricing, price discrimination, product bundling and tie-ins, nonlinear pricing, other methods for achieving market segmentation, vertical-pricing problems, dynamic pricing, legal constraints on pricing, and psychological aspects of pricing.
MECN 450 Macroeconomic Analysis for Management (1): National income accounting, static national income theory, dynamic and cyclical analysis, and fiscal and monetary policy. Impact on consumers, firms, and international trade.
MECN 451 Business and Economic Forecasting (1): Problems and techniques in forecasting the outlook for individual companies, industries, and the national economy.
MECN 452 International Economics (1): Microeconomic analysis applied to basic questions of foreign trade. International aspects of economic development. Role of international institutions such as the World Bank, Common Market, and International Monetary Fund.
MECN 453 Advanced Macroeconomics (1): Recent developments in business-cycle theory and monetary theory. Prerequisites: MECN 450.
MECN 454 Law and Economics in Business (1): Legal issues affecting business, analyzed from an economic viewpoint. Topics include product liability, contract, property, and insider trading law.
MECN 475 Issues in Managerial Economics (1): Current issues; topics vary. May be repeated for credit with change of topic.
MECN 499 Independent Study (1-3) : Permission of instructor and department required. May be repeated for credit.
MECN 520 Seminar (1): Special topics and current research in managerial economics.
MECN 590 Research (1-3) : Independent investigation of selected problems pertaining to thesis or dissertation. May be repeated for credit.
MECS 449-1 Competitive Management (1): Economic theories of the firm from a management MGMT perspective. Topics covered include economic models of pricing, product quality, entry, diversification, innovation, and market intermediation. Examines market microstructure and the role of firms as intermediaries using models of search, matching, and asymmetric information.
MECS 449-2 Organization Management and Structure (1): The boundaries, organizational structure, and governance of the firm. Topics include transactions cost economics; contracts and bargaining; agency theory and incentives; vertical integration; alternative forms of governing relations between firms, such as strategic alliances or joint ventures; organizational structure; and human resources policy.
MECS 460-1 Foundations of Managerial Economics I: Static Decision Models (1): Basic models used to analyze optimal decision-making in economics and operations research. Topics include basic assumptions and decision analysis, linear programming and duality, risk aversion and risk bearing, bidding in auctions, Bayesian inference, and Markov decision problems.
MECS 460-2 Foundations of Managerial Economics II: Dynamic Decision Models (1): Techniques and applications of deterministic and stochastic dynamic programming. Topics include Markov decision processes and Martingales, economic growth, capital accumulation, consumption smoothing, job research and job matching, optimal stopping rules, and learning and multi-arm bandit problems.
MECS 460-3 Foundations of Managerial Economics III: Game Theory (1): Conflict and cooperation among rational decision makers in economic, political, and social systems. Games in extensive, normal, and characteristic function forms; Nash equilibrium and refinements; Bayesian games; infinitely repeated games; stochastic games; Nash bargaining solution; and cooperative games. Taught in a self-contained manner but closely coordinated with ECON 410-3. Prerequisites: Knowledge of probability theory and elementary linear algebra; simultaneous enrollment in ECON 410-3 or permission of the instructor.
MECS 462 Decision Theory (1): Foundations of the theory of decision under uncertainty. Special focus on axiomatic derivatives of numerical representations of preferences, and on behavioral versus cognitive data as observational definitions of theoretical terms. Covers axiomatic derivations of utility in general, and the classical works of von Neumann and Morgenstern, Savage, Anscombe, and Aumann on expected utility. Additional topics may include applications and attitudes toward risk; paradoxesand violations of expected utility; generalizations and variations of expected utility-as well as alternative theories, with applications to economics.
MECS 465 Contract Theory and Mechanism Design (1): Theory of contracts and other economic mechanisms aiming to overcome problems of asymmetric information. Topics include revelation principle and mechanism design, static and dynamic moral hazard and adverse selection, principal-agent models, nonlinear pricing, bargaining, optimal regulation, incomplete contracts, incentive contracts in general equilibrium, bidding, and the theory of organizations.
MECS 466 Social Choice and Voting Models (1): Political economics takes a formal approach to political decisions and institutions. Topics include: analytical tools; recent research; social choice and collective decisions; alternative political institutions; competition and cooperation between local governments; federalism and the art of reform.
MECS 467 Optimization and Complexity (1): Advanced topics in linear programming theory and practice; computational complexity and its application to combinatorial optimization, production, and game theory.
MECS 468 Selected Topics in Economic Theory (1): Rigorous analysis of selected topics in economic theory. Topics vary with instructor.
MECS 469 Advanced Applied Microeconomics (1): This course deals with modern theories of consumption, production and price formation in different market settings with special emphasis on applications to finance, marketing and management strategy.
MECS 471 Economics of Organization (1): Theoretical and empirical study of internal organization of firms: incentives, careers, promotions, human capital acquisition, delegation, authority, information transmission, and causes and effects of hierarchy.
MECS 477 Introduction to Applied Econometrics 2 (1): Develops a practical econometrics toolkit and an integrated approach for the use of statistical methods for doctoral research in the management sciences. Prerequisites: ECON 476.
MECS 485 Empirical Issues in Business Strategy (1): The course has three goals: to develop steps for applying econometric theory to real problems, to educate students about business databases, and to give students an opportunity to read important empirical papers on business strategy.
MECS 516 Topics in Formal Political Theory (1): The focus of this seminar is formal models of candidate competition and information aggregation in elections. A graduate course in game theory is a prerequisite. Prerequisites: Permission of instructor.
MECS 517 Current Research in Strategy and Economics (1): Course aims to introduce doctoral students to new research in MGMT and economics. Primary requirement is attendance at the Kellogg Department of Management and Strategy's weekly research seminars. Prerequisites: Permission of instructor.
MECS 520 Applications Seminar in Strategy (1)(1)(1): Students read and present seminal articles in competitive MGMT and the economics of organizations. A central part of the seminar is preparation and presentation of a research paper on a topic in MGMT.
MECS 530 Special Topics in Managerial Economics and Strategy (1): Doctoral-level course offered on a one-time basis dealing with a special topic in the Managerial economics and Strategy field. Addresses a specific need within the program’s curriculumand/or a trend in the field.
MGMT 431 Management of Organizations (1): The general manager's role in organizations. Diagnosis of issues, development and evaluation of alternatives, choice of action, and management of coordinated programs that fit the firm's resources to its competitive position and conditions of its external environment.
MGMT 442 The Scope of the Firm (1): Institutional and economic factors influencing the appropriate product market; vertical and geographic scope of the firm. Alternatives to full ownership such as long-term contracts, franchising, and equity joint ventures are also considered.
MGMT 452 Management and Organization (1): Business and corporate MGMT formulation, strategic planning, market analysis, and competitor analysis. Incentives in organizations, adverse selection and moral hazard, risk sharing, ownership arrangements, and financial aspects of MGMT.
MGMT 453 Strategic Planning: Issues, Models, and Processes (1): Theoretical and practical management issues raised by models and research findings in strategic planning. The nature of strategic management; the strategic management process; uses of computer tools. Hands-on experience in using new forms of computer tools in MGMT processes.
MGMT 455 Organizational Challenges and Decisions (1): The work of the general manager, primarily the CEO, in formulating and implementing the vision and MGMT of an organization. Prerequisites: Second-year standing.
MGMT 462 Entrepreneurship and New Venture Formulation (1): Initiation of new business ventures in contrast to the management of ongoing enterprises. Evaluation of prospective ventures.
MGMT 463 Technology Management (1): Dual emphasis on the management of technology development and innovation with the economic utilization of such technology. Specific analytical and management techniques and transportation-related innovation case studies.
MGMT 466-1,2 Public Policy and Management Management: Energy and Environment (1)(1): Application of modern tools of economic analysis to the strategic and public policy of the transportation and energy industries. Special emphasis on environmental issues and how they interact with public policy and firms' strategic choices.
MGMT 467 Transportation Policy (1): Principal public policy issues faced currently by basic modes of transportation - air, land, and water. Public regulation and promotion of Transportation are related to efficient allocation of national resources as well as to the interests of consumers, investors, and employees.
MGMT 468 Managerial Leadership (1): Importance of the managerial leadership role to the success of the high-performance organization. Intended to highlight the anatomy and requirements of leadership.
MGMT 475 Issues in Management and Management (1): Current issues; topics vary. May be repeated for credit with change of topic.
MGMT 499 Independent Study (1-3) : Permission of instructor and department required. May be repeated for credit.
MGMT 590 Research (1-3) : Independent investigation of selected problems pertaining to thesis or dissertation. May be repeated for credit.
NPMT 430 Introduction to Public and Nonprofit Management (1): Management and decision making in public and nonprofit organizations; plus, broader applications for those working with or through these organizations.
NPMT 435 The Management of Nonprofit Organizations (1): Combination of local field-case investigation and in-class discussion with national and local experts to develop an in-depth understanding of the operation of nonprofit organizations. The course goal is to identify successful strategies for handling key management issues that arise during the agency life cycle.
NPMT 443 Urban Economic Development and Real Estate Analysis (1): Central-city and metropolitan development, beginning with a brief listing of urban and regional developments in the United States. Spatial and sectorial aspects of metropolitan areas and housing and Transportation issues are analyzed. Course concludes with analysis of government programs to develop metropolitan areas and central cities.
NPMT 444 Economic Development Process (1): Dynamics of the economic development function of cities, suburbs, and metropolitan regions with a special emphasis on the role of real estate development.
NPMT 475 Issues in Public and Nonprofit Management (1): Current issues; topics vary. May be repeated for credit with change of topic.
NPMT 480 Public Finance (1): Theory and practice of municipal finance. Focus is on understanding financial practices of state and local governments: fiscal federalism; public budgeting, accounting, and financial management; tax laws and tax school finance; and uses of property tax. Also, debt issues and types and techniques of borrowing.
NPMT 499 Independent Study (1-3) : Permission of instructor and department required. May be repeated for credit.
Related Courses
IEMS 410 Introduction to Technology Management (1): N/A
MECN 430 Microeconomic Analysis (1): Analysis and meaning of elasticity and determinants of demand for firms' products; nature and determinants of firms' costs; relationship between consumer choice and the demand for products.
MECN 441 Advanced Managerial Economics (1): Analysis of competition in concentrated industries. Public policy.
MECN 442 Management and Resource Allocation in the Public Sector (1): The welfare-economics basis for collective economic action, economic approaches to governmental decision making, public expenditure, and the economics of taxation. Investigation of current public policy problems, including pollution, energy, income distribution, and intergovernmental fiscal relations.
MECN 443 Analytics of Corporate Planning, Strategy, and Organization (1): Strategic planning in economic organizations, including multidivisional firms.
MECN 444 Health Care Economics (1): Application of economic concepts to management problems and policy issues of the health sector. Risk and uncertainty, costs, demand, and efficiency in health care provision. Incentive problems.
MECN 445 The Economics of Regulation (1): Economic analysis of direct economic regulation and its alternatives; marginal cost pricing, fair rate of return regulations, peak load pricing, and automatic rate adjustment mechanisms. Social regulation as well as the regulation of public transportation and utilities.
MECN 446 Pricing Strategies (1): Influence of cost and demand on the pricing decision, product-line pricing, price discrimination, product bundling and tie-ins, nonlinear pricing, other methods for achieving market segmentation, vertical-pricing problems, dynamic pricing, legal constraints on pricing, and psychological aspects of pricing.
MECN 450 Macroeconomic Analysis for Management (1): National income accounting, static national income theory, dynamic and cyclical analysis, and fiscal and monetary policy. Impact on consumers, firms, and international trade.
MECN 451 Business and Economic Forecasting (1): Problems and techniques in forecasting the outlook for individual companies, industries, and the national economy.
MECN 452 International Economics (1): Microeconomic analysis applied to basic questions of foreign trade. International aspects of economic development. Role of international institutions such as the World Bank, Common Market, and International Monetary Fund.
MECN 453 Advanced Macroeconomics (1): Recent developments in business-cycle theory and monetary theory. Prerequisites: MECN 450.
MECN 454 Law and Economics in Business (1): Legal issues affecting business, analyzed from an economic viewpoint. Topics include product liability, contract, property, and insider trading law.
MECN 475 Issues in Managerial Economics (1): Current issues; topics vary. May be repeated for credit with change of topic.
MECN 499 Independent Study (1-3) : Permission of instructor and department required. May be repeated for credit.
MECN 520 Seminar (1): Special topics and current research in managerial economics.
MECN 590 Research (1-3) : Independent investigation of selected problems pertaining to thesis or dissertation. May be repeated for credit.
MGMT 431 Management of Organizations (1): The general manager's role in organizations. Diagnosis of issues, development and evaluation of alternatives, choice of action, and management of coordinated programs that fit the firm's resources to its competitive position and conditions of its external environment.
MGMT 442 The Scope of the Firm (1): Institutional and economic factors influencing the appropriate product market; vertical and geographic scope of the firm. Alternatives to full ownership such as long-term contracts, franchising, and equity joint ventures are also considered.
MGMT 452 Management and Organization (1): Business and corporate MGMT formulation, strategic planning, market analysis, and competitor analysis. Incentives in organizations, adverse selection and moral hazard, risk sharing, ownership arrangements, and financial aspects of MGMT.
MGMT 453 Strategic Planning: Issues, Models, and Processes (1): Theoretical and practical management issues raised by models and research findings in strategic planning. The nature of strategic management; the strategic management process; uses of computer tools. Hands-on experience in using new forms of computer tools in MGMT processes.
MGMT 455 Organizational Challenges and Decisions (1): The work of the general manager, primarily the CEO, in formulating and implementing the vision and MGMT of an organization. Prerequisites: Second-year standing.
MGMT 462 Entrepreneurship and New Venture Formulation (1): Initiation of new business ventures in contrast to the management of ongoing enterprises. Evaluation of prospective ventures.
MGMT 466-1,2 Public Policy and Management Management: Energy and Environment (1)(1): Application of modern tools of economic analysis to the strategic and public policy of the transportation and energy industries. Special emphasis on environmental issues and how they interact with public policy and firms' strategic choices.
MGMT 467 Transportation Policy (1): Principal public policy issues faced currently by basic modes of transportation - air, land, and water. Public regulation and promotion of Transportation are related to efficient allocation of national resources as well as to the interests of consumers, investors, and employees.
MGMT 468 Managerial Leadership (1): Importance of the managerial leadership role to the success of the high-performance organization. Intended to highlight the anatomy and requirements of leadership.
MGMT 475 Issues in Management and Management (1): Current issues; topics vary. May be repeated for credit with change of topic.
MGMT 499 Independent Study (1-3) : Permission of instructor and department required. May be repeated for credit.
MGMT 590 Research (1-3) : Independent investigation of selected problems pertaining to thesis or dissertation. May be repeated for credit.
MORS 460 Managing Teams in Organizations (1): Relationships among groups in organizations; application to management problems. Topics include group influences on employee beliefs and attitudes; development of norms and group cohesiveness; conformity and deviance; participation and influence sharing in group decision making; and interpersonal and intergroup conflict. Prerequisites: MORS 430 or permission of instructor.
MORS 499 Independent Study (1-3) : Permission of instructor and department required. May be repeated for credit.
MORS 590 Research (1-3) : Independent investigation of selected problems pertaining to thesis or dissertation. May be repeated for credit.
OPNS 430 Operations Management (1): Operations management is the management of business processes--that is, the management of the recurring activities of a firm. This course aims to familiarize students with the problems and issues confronting operations managers, and to provide the language, concepts, insights and tools to deal with these issues to gain competitive advantage through operations. We examine how different business strategies require different business processes and how different operational capabilities allow and support different strategies to gain competitive advantage. Prerequisites: DECS-433 or DECS-436.
OPNS 451 Quality Planning and Control (1): Total quality control and the role of management; product and process design for reliability; process capability and statistical process control; equipment maintenance and replacement; inspection sampling procedures. Prerequisites: OPNS 430 or permission of instructor.
OPNS 452 Operations Scheduling (1): Decision models for sequencing customized operations, assigning standardized processes, and scheduling nonrepetitive activities.
OPNS 453 Inventory Management (1): Planning and control of procurement and production quantities and processing capacities. Forecasting; inventory systems; just-in-time production; material requirements planning; capacity management. Prerequisites: OPNS 430 or permission of instructor.
OPNS 454 Operations Strategy (1): In this course, students learn how operations strategy can add value by tailoring a set of core principles to a specific business setting. The course provides a framework to formulate an operations strategy and analyze, value, and optimize the key decisions involved in operations strategy. The key evaluation metric is how operations strategy impacts the net present value of the firm. The key decisions studied are choosing competitive operational competencies and benchmarking; capacity expansion, timing, flexibility and location; sourcing and contracting; risk management and operational hedging; revenue management; improvement and learning. This course builds on the core operations class. Prerequisites: ( OPNS-430-0 OR OPNS-438-B OR IEMS-471-1 OR OPNS-440-0 ) AND ( MECN-430-0 OR MECN-436-0 )
OPNS 455 Logistics and Supply Chain Management (1): What are the key capabilities a supply chain must develop to support the business strategy of a firm? What is the relationship between the desired capabilities and the structure of a supply chain? This course provides a framework to answer these questions. We define supply chain structure in terms of the following drivers of performance: facilities, information, inventory and transportation. The relationship between structure and performance is analyzed using various case studies that require students to develop analytical spreadsheet models to support their decision making. Prerequisites: OPNS 430 or OPNS 438 or IEMS 471 or MECN 430.
OPNS 463 Stochastic Calculus and Control with Applications (1): Ito Calculus, HJB equations, SDEs and their applications to performance evaluation, dynamic control of manufacturing and service operations, and telecommunications systems, heavy traffic approximations.
OPNS 470 Operations Economics (1): Applications of economics in operations management. Topics include supply chain contracting, capacity investment and hedging, management of queues via prices, and agency in operations.
OPNS 475 Issues in Operations Management (1): Current issues; topics vary. May be repeated for credit with change of topic.
OPNS 481 Revenue Optimization (1): In this course, we study demand-management decisions and the methodology and systems required for making them. This course covers the mathematical models that underlie contemporary Revenue Management (RM) practices and the current research areas.
OPNS 499 Independent Study (1-3) : Permission of instructor and department required. May be repeated for credit.
OPNS 520 Doctoral Seminar in Operations (1): Evaluation of the literature of the field and development of comprehensive concepts relating to management of operating functions.
OPNS 590 Research (1-3) : Independent investigation of selected problems pertaining to thesis or dissertation. May be repeated for credit.
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