This course counts toward the following majors: Decision Sciences.

Provides frameworks for reasoning about decisions in uncertain environments. Case studies and experiments are used to motivate the importance of probabilistic reasoning to avoid the systematic biases that cloud managers' decision making. Formal probabilistic tools are introduced and their relevance to modern business issues is conveyed via cases, exercises, and class experiments. Some of the applications include: inventory management with uncertain demand, principal-agent models, herd behavior, selection bias, rare events, real options and risk. The course is self-contained, and should be of value to all students, including those with prior exposure to formal probability models.

Decision Making & Modeling (DECS-450-0)

This course counts toward the following majors: Decision Sciences, Managerial Analytics .

This course presents a normative approach to making decisions in one's personal and professional life. The first half of the course introduces the fundamentals of decision analysis: probabilistic modeling, preference modeling, the five rules of actional thought, decision tree construction and rollback, and the value of imperfect and perfect information. The second half of the course emphasizes the use of these techniques to improve strategic decision-making. Topics include building good decision models, assessing probabilities and ranges, computing risk profiles, judging the sensitivity of decisions to risk attitude and assessed probabilities, and computing the value of better information that improves decisions. The final exam is a take-home case exercise, which students complete using the tools and concepts taught in the course.

Microeconomic Analysis (MECN-430-0)

This course counts toward the following majors: Managerial Economics.

Among the topics this core course addresses are economic analysis and optimal decisions, consumer choice and the demand for products, production functions and cost curves, market structures and strategic interactions, and pricing and non-price concepts. Cases and problems are used to understand economic tools and their potential for solving real-world problems.

Competitive Strategy and Industrial Structure (MECN-441-0)

This course counts toward the following majors: Management & Strategy, Managerial Analytics, Managerial Economics.

The course studies the determinants nature of competitive strategy in a variety of industry structures. The course considers how the structure of a firm's industry affects its strategic choices and performance. Topics include the dynamic aspects of pricing, entry and predation in concentrated industries, and product differentiation, product proliferation and innovation as competitive strategies.

Macroeconomics (MECN-450-0)

This course counts toward the following majors: Managerial Economics, Managerial Analytics

This course develops a framework to help business leaders understand and act on some of the most pressing challenges and opportunities in the macroeconomy. Familiarity with macroeconomic concepts and current issues is essential for careers in consulting, asset management and investment, general management, global companies, among others. The course balances two missions: coverage of current and recent events, and analytical skills that prepare you for future challenges. Major recent events, such as the 2008 financial crisis, the 2010 Greek debt crisis, or the Chinese currency valuation, are covered comprehensively and with an analytic perspective. Awareness of these events and understanding how they fit together enhances not just our “macroeconomic literacy” but also provides an invaluable perspective on the forces that shape the world we live in today. Insights into current and recent events are integrated with the other major mission of the course, which is to furnish you with a consistent and enduring set of frameworks to understand, anticipate and act on the issues you are likely to face in the future.

Topics covered.

Savings, investment and fiscal policy.

Money, central banking and monetary policy.

Business cycles and government response.

Exchange rates, trade deficits and international capital movements Asset bubbles and economic and financial crises. The course syllabus (most recent version available) gives a more detailed description about specific topics, the textbook used, and additional readings..

http://kellogg.northwestern.edu/meds/courses/mecn450.html