Academic Preparation |
Kellogg Essentials Courses |
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Accounting Essentials This course covers key accounting concepts and serves as an introduction for those students who have little or no prior training in accounting. It introduces three major financial reports (balance sheet, income statement and statement of cash flows), shows the interrelationships among them, and gives you an opportunity to become familiar with key accounting terminology. A learn-by-doing exercise lets you track the financial progress of a start-up company, produce financial statements and get feedback along the way. Online Accounting Essentials demonstrates two methods for constructing financial reports - the Accounting Equation method and the T Account method. For those who are new to accounting, it may be better to focus initially on the Accounting Equation method, by "clicking through" the T Account material the first time through the course. Once you have an understanding of the basics, then go back and work through the T Account method. Microeconomics Essentials Microeconomics is the branch of economics that studies how prices are determined in markets and how the structure of markets affects competition and the level of prices. Online Microeconomics Essentials serves as an introduction for students who have little or no prior training in economics, and it gives them the opportunity to become familiar with key microeconomics terminology and concepts. The strategic challenges faced by Pepsi in its competition with Coke in the soft drink market serve as the backdrop for the course, which covers five key topics in microeconomics: (1) demand and revenue; (2) cost; (3) price and output determination; (4) perfect competition; and (5) game theory. The course uses a combination of tutorial, animation, exercises, and real-world examples to introduce microeconomic concepts in a way that perpares students for the Kellogg Executive MBA core courses in both microeconomics and strategy. Statistics Essentials This course provides an introduction to some statistical methods and concepts that are particularly useful for management. The course is designed for those who have had no prior exposure to statistics, as well as for those who may have studied statistics but need a refresher. Even those who know some statistics should find the business applications and managerial setting informative. In the context of problems faced by Café Caliente, a worldwide coffee chain, the course addresses five major topic areas: (1) distributions and describing a variable; (2) estimating with data; (3) hypothesis testing; (4) two population testing; and (5) regression analysis. The course helps prepare students for Kellogg Executive MBA core courses in decisions sciences as well as for the sue of statistics in areas such as finance and marketing. |