Business Course Descriptions

ACCT 513: Identity Theft and Computer-Related Fraud (3)

The course will also introduce students to cyber security and cybercrime. This course examines the relevant threats faced by business at all levels with regards to information management and security, along with the related fraud of identity theft. Topics covered include Internet and e-commerce fraud, money laundering, assessing risk and detecting computer-related fraud, detecting and deterring identity theft, as well as management, legal, ethical and privacy issues related to technological advances. The course will also cover how cybercrime has evolved, and continues to evolve in the contemporary environment and how investigations, detection and protection have attempted to keep pace with fraudulent activity.

ACCT 514: Financial Statement Fraud (3)

*Prerequisite: ACCT 401 and FINC 403
This is a graduate level accounting course which explores the motivations, opportunities and rationalizations management uses in perpetrating financial statement fraud. Students will learn to detect fraud by studying fraudulent financial reporting (intentional misstatements or omissions in financial statements), with emphasis on detection techniques. In addition to text-oriented materials, a case study approach is utilized throughout the course to provide students with a clear understanding of accounting concepts and demonstrate how this has actually been done. It stresses the ability to apply these concepts to real world cases, which by their very nature are complex and ambiguous. Our focus is to explore both the financial and non-financial tools fraud auditors/examiners can use to detect the early warning signs of fraud and how fraud auditors can proactively uncover and discourage such activities.

ACCT 515: Fraud Examination (3)

Fraud examination is a methodology of resolving fraud allegations from inception to deposition. This course provides the student with a knowledge and understanding of the fundamentals fraud examination. The nature of fraud, elements of fraud, fraud prevention, fraud detection, fraud investigation, design and use of controls to prevent fraud, and methods of fraud resolution are examined in this course. The student will gain knowledge and understanding of both the pervasiveness and the causes of fraud and white-collar crime in our society, the circumstances in which it arises, examine the types of fraud and fraud schemes that affect individuals and business enterprises, increase their ability to recognize potential fraudulent situations, and develop the skills needed to help in fraud prevention and deterrence as well as the detection and resolution of discovered frauds. The increased level of complexity and the heightened awareness of fraud make the ability to detect and address fraud businesses a critical skill for accountants, auditors, managers and investigators. The inter-disciplinary nature of the course makes it appropriate and useful for both accounting and non-accounting majors.

ACCT 516: Ethical Issues in Financial Fraud Examination and Management (3)

*This course is strongly recommended to take with ACCT 515
This course is designed to be a challenging and exciting course for the graduate business student. The overriding objective of this course is to sharpen your abilities to think critically and to diagnose situations from a moral perspective and to better equip the student to integrate his/her personal ethical ideal with a successful career. In this course, the student will study what moves an individual to commit fraud, what moves a business to commit fraud, the similarity of both and the significant impact the latter has on the former. This course explores the areas of organizational ethics, and the connection between detecting and preventing fraud and understanding the corporate ethical environment. Additionally, this course will examine the motivation of fraud perpetrators and the different theories as to who commits fraud and why. Students will also learn the codes of ethical conduct for fraud examination professionals and increase awareness and understanding of what constitutes an ethical dilemma and develop an enhanced ability to address ethical issues faced by fraud examiners. Topics include responsibility, competence, confidentiality, professional relationships, certification, licensing and other regulatory programs, and research. This course has been included in the fraud examination and management curriculum in order to stress the appropriateness of moral judgment as a central component of professional decision making.

ACCT 517: Financial Fraud Capstone Course (3)

*Prerequisite: ACCT 513, 514, 515, and 516, or permission of the instructor
This course integrates the knowledge gained in earlier Financial Fraud Examination and Management courses in order to assist students towards achieving the Certified Fraud Examiner (CFE) credential. Through the use lectures, videos and the Association of Certified Fraud Examiners CFE Exam Prep Course, students will synthesize the body of knowledge of the Fraud Examination discipline, apply Fraud Examination fundamentals to a hypothetical case and write a professional fraud incident report, and be prepared to successfully pass the CFE Examination. Students interested in sitting for the CFE Exam should take this course.  

ACCT 520: Accounting for Management Decisions (3)

*Prerequisite: ACCT 401
Managerial accounting is the study of accounting as it relates to the use of cost management information to assist in realizing an organization's strategy. This course emphasizes the importance of critical strategic analysis in the decision making process through the use of readings and cases in the areas of financial reporting, budgeting and cost control.

ACCT 550: Cost and Profitability Analysis (3)

*Prerequisite: ACCT 520
This course requires students to analyze complex case studies. Topics include Profitability by Product Line, Service and Customer; Activity Based Costing and Management; Balanced Scorecard; Strategic Budgeting and Profiting Planning; Management Control; Performance Measurement; and Multinational Issues. 

ACCT 577: Special Topics in Accounting (3)

The focus of this course is on special topics in accounting. The course will be offered as a seminar on a subject of current interest. Not offered every semester.

ACCT 591: Internship in Accounting (3)

Students learn to apply accounting concepts and theories under the direct supervision of a practitioner as well as a faculty member. To initiate the contractual arrangements for the course, a student must meet with the MBA advisor and the appropriate faculty during the semester preceding enrollment.

ACSG 555: Data Mining and Warehousing (4)

This course focuses on the design and implementation of data mining systems and introduces the student to all aspects of the data mining process, from preprocessing to information retrieval. Current algorithms and OLAP technologies are covered. Applications in a variety of settings and industries are introduced and discussed.

ACSG 556: Data Visualization (4)

This hands-on course is an introduction to the principles and techniques of data visualization, and will include the identification of patterns, trends and differences from data sets across categories, space, and time. Students will learn appropriate visual representation methods and techniques that increase an audience’s understanding of complex data and models and enhance human comprehension, communication, and decision-making.  Graphical methods for specialized data types will be presented.

BANA 599: Business Analytics Strategic Capstone

*Prerequisite: Completion of Foundational and Applications Modules. To be taken last term of the program.
This course is structured as a capstone practicum where students working in a small team get an opportunity to apply the acquired theoretical knowledge in analytics to solve real-world business problems in, marketing, finance, operations, accounting, healthcare and human resources management. Students work in teams and employ principles of decision-making and leadership skills in order to define and carry out an analytics project from data collection, processing and modeling to designing the best method to solve the problem.

ECON 510: Managerial Economics (3)

*Prerequisite: ECON 402 for non business major
This course uses the tools and techniques of economic analysis to solve business problems. Managerial economics bridges the gap between traditional economics and business decision making. The course will include demand theory and estimation, production theory, cost analysis, market structure, pricing policies and business investment decisions.

ECON 577: Special Topics in Economics (3)

The focus of this course is on special topics in economics. The course will be offered as a seminar on a subject of current interest.   

ECON 591: Internship in Economics (3)

Students learn to apply economic concepts and theories under the direct supervision of a practitioner as well as a faculty member. To initiate the contractual arrangements for the course, a student must meet with the MBA advisor and the appropriate faculty during the semester preceding enrollment.

FINC 501: Survey of Business Intelligence and Decision Making Models (3)

*Prerequisite: ECON 406
The course is devoted to introduce decision support systems and business intelligence; and covers the technologies available to support individual and group decision-making in organizations. This course covers the following topics: Overview of decision support system, group decision support system, data warehousing and mining, data visualization, business intelligence, expert systems, and state of the art technologies in the filed.

FINC 502: Forecasting Time Series (3)

*Prerequisite: Math 501 Statistical Analysis I
This course will cover practical time series forecasting techniques with particular emphasis on the Box-Jenkins (ARIMA) method, and conditional volatility (ARCH) models. Illustrative examples applying these techniques to actual data (primarily financial and economic time series) will be presented in class, and you will perform a variety of data analyses on the computer.  To gain a deeper understanding of how the methods work, we will also spend a considerable amount of class time discussing their mathematical/statistical underpinnings.  However, most of your grade will be based on data analysis homework problems and projects.

This is a statistics course, and therefore we will not attempt to delve deeply into economic issues. We are concerned here with the statistical analysis and forecasting of time series. No background in economics/finance is required for this course. On the other hand, statistical analysis of economic data, which you will be doing, does form a part of econometrics, and hopefully will often lead to insights of an economic nature.

FINC 521: Managerial Finance (3)

*Prerequisite: FINC 403 and ACCT 520
The objective of this course is to develop an understanding of finance theory necessary to implement effective financial strategies. The course will initially review fundamental concepts such as time value and the basics of risk and return. The course will then explore the valuation of bonds and stocks, strategic investment and financing decisions. This will include cost of capital, capital budgeting and long-term financial planning.

FINC 530: Investments and Portfolio Analysis (3)

*Prerequisite: FINC 521
This course will initially explore asset allocation decisions, the purpose and content of an investment policy statement, theories of market efficiency, evidence of anomalies, the development and evolution of risk-return analysis, measures of risk and theories of valuation. The course will then focus on the analysis and management of bonds and common stocks. Bond analysis will include forward rate and term structure theories and the determinants of bond volatility, including duration and convexity. Common stock analysis will include present value and relative valuation approaches, as well as industry and company-specific analysis.

FINC 540: International Finance (3)

*Prerequisite: FINC 521
This course will study the relationship between external environmental forces and institutions from managerial perspectives. Topics will include foreign exchange market, exchange rate determination, currency derivatives, and risk management. Global investment decision process in terms of valuation and portfolio analysis of international stocks and bonds will be explored.

FINC 550: Advanced Corporate Finance (3)

*Prerequisite: FINC 521
This course focuses on a quantitative analysis of the management of funds within a business enterprise. Topics will include the planning of current and long-run financial needs, profit planning, allocation of funds, raising funds, dividend policies, expansion and combination, re-capitalization and reorganization.

FINC 560: Financial Statement Analysis (3)

*Prerequisite: ACCT 401 and FINC 403
The objective of this course will be the analysis of financial statements from the point of view of an equity or credit analyst. Topics may include financial reporting system (with an emphasis on IFRS), analysis of principal financial statements, financial reporting quality, analysis of inventories and long-lived assets, analysis of taxes, analysis of debt, analysis of off-balance-sheet assets and liabilities, analysis of pensions, stock compensation, and other employee benefits, analysis of inter-corporate investments, analysis of business combinations, analysis of global operations and ratio and financial analysis.

FINC 570: Quantitative Methods in Finance (3)

*Prerequisite: FINC 521
Explores facets of quantitative investment management, such as alpha models and data analysis, risk management, portfolio construction and trading, and limitations of a quantitative approach. Focuses primarily on foreign exchange and fixed income markets; may also address examples from equity and commodity markets. Alpha models organized as case studies employing value/mean-reversion, momentum and carry strategies. Students use market and economic data to challenge theoretical formulations. Problem sets and team projects involve MATLAB programming to solve practical problems faced in building and running quantitative funds.

FINC 577: Special Topics in Finance (3)

The focus of this course is on special topics in finance. The course will be offered as a seminar on a subject of current interest.   

FINC 590: Futures, Options and Other Derivatives (3)

*Prerequisite: FINC 521
This course will study the uses of Options, Futures and other derivatives in Financial Engineering and Risk Management, typically found in finance, economics and business practices. The characteristics, market infrastructure and pricing of forward, futures, options and swaps will be analyzed. Many of the hedging skills, techniques and processes that produce financial innovations in the derivatives market will be developed. Cases will be illustrated where uses and abuses of the derivative securities in Financial Engineering and Risk management will be emphasized to enable students to become responsible financial managers.

FINC 591: Internship in Finance (3)

Students learn to apply finance concepts and theories under the direct supervision of a practitioner as well as a faculty member. To initiate the contractual arrangements for the course, a student must meet with the MBA advisor and the appropriate faculty during the semester preceding enrollment.

FINC 599: Functional and Strategic Finance (3)

*Prerequisite: FINC 521
Organized around applying finance science and financial engineering in the design and management of global financial institutions, markets, and the financial system - the approach used to understand the dynamics of institutional change and the design of financial products and services. Examines the needs of government as user, producer and overseer of the financial system, including the issues surrounding measuring and managing risks in financial crises. Develops the necessary tools of derivative pricing and risk measurement, portfolio analysis and risk accounting, and performance measurement to analyze and implement concepts and new product ideas. Applies these tools to analyze aspects of the financial crises of the past.

MATHG 501: Statistical Analysis I (3)  

*Prerequisite: Approval of the Graham School of Management
*Offered every fall
Topics for this course include descriptive statistics, basic probability, discrete and continuous random variables, sampling and sampling distributions, estimation and sample size, hypothesis testing (one sample), linear regression and correlation. Statistical software will be used. Communication skills will be emphasized with individual and team projects. 

MATHG 502: Statistical Analysis II (3)  

*Prerequisite: Math 501
*Offered every fall
Review of probability theory with Baye’s Theorem, counting techniques and combinatorics, and special discrete and continuous probability distributions. One sample confidence intervals and hypothesis testing for variance. Two sample hypothesis testing and confidence intervals (means, proportions, variances), Chi- square testing for goodness of fit and independence. Design of experiments and analysis of variance. Linear regression and correlation analysis, multiple regression, model building. Time permitting additional topics may be covered. Statistical software will be used. Communication skills will be emphasized with individual and team projects. 

MGMT 500: The Management Experience (3)

*Prerequisite: MGMT 404
This course examines the effective management of people in organizational settings. The course focuses on managerial and leadership function/skills in organizations and the impact on accomplishing the goals of the organization. Critical issues such as self-awareness, interpersonal perception, communication, employee motivation and engagement, diversity in the workplace, high performance work teams, performance management, ethical decision making and change management are explored.

MGMT 501: Strategic Human Resource Management (3)

*Prerequisite: MGMT 500 or 3 credit hour MBA course by consent
This strategic HRM course is viewed as the capstone of the Human Resource Management concentration. This graduate course on strategic human resources management will focus on the importance of understanding the strategic role HR and organizational practices in contributing to the success of organizations through its human capital (people and talent), as well as how the HR organization impacts organizational performance; and the significance of HR alignment with business strategy. The format of the course is structured to build your organizational analysis competency, enhance interpersonal skills by working in teams and professional presentation skills. 

MGMT 502: Training and Workplace Learning Management (3)

Promoting and managing learning in an organization is critical function and can be designed to be a competitive advantage across all industries. This course explores the role of training and employee development in organizations with special emphasis on best practices in adult learning, employee motivation, coaching, workplace learning and organizational learning structures that promote employee development. Working with organizations, students will assess workplace learning needs and design appropriate training or other workplace learning opportunities. Group discussions will link organizational learning theories to practical solutions. Group projects will be used to build students' skills in identifying needs, developing workplace learning strategies, and designing workplace learning opportunities, evaluating outcomes and the impact to the organization.  

MGMT 505: Employee Health Benefits (3)

This course considers health benefits plan design, fiscal control, and administration. Purchase of plans, determination of plan quality, legal mandates, employee satisfaction and morale issues, and the role of employee assistance programs are included.

MGMT 507: Leadership and Managing Change (3)

This course examines the effective management of people in organizational settings. The areas of individual behavior, informal and formal organization structure, and group dynamics will be related to leadership style and effectiveness in managing change. Students will critically examine and creatively solve problems of managing individuals and teams within organizations.

MGMT 530: Operations and Technology Management (3)

*Prerequisite: ECON 406
The objective of this course is to develop a general managerial perspective on the role of operations management in the function of a firm, at both the tactical and strategic levels. The course will offer a broad survey of concepts and techniques in managing operations, with particular emphasis on a number of major operations management issues that can significantly affect the competitive position of a firm in the market place. This course helps students understand and build both quantitative and qualitative analysis skills, especially those needed for managing operations systems. We also discuss how the effective planning and deployment of information technology (IT) will enable organizations to compete aggressively, rapidly and globally in this digital age. We analyze the key decisions involved in the planning, operations and control of IT. Topics include: process analysis, product development, information technology, technology and operations strategy, supply chain management and forecasting. 

MGMT 540: The Global Environment of Business (3)

The Global Environment of Business is a study from a management perspective of the impact of various external and internal environments (e.g., technological, legal, political, socio-cultural, economic) on national and international business organizations. Integrated learning in the classroom and practical experiences based on the resources available in Chicago (e.g., headquarters of multinational companies, national exchanges and distribution networks) will be an integral part of the course offering.

MGMT 541: Project Management Overview (3)

This course introduces the student to the functions necessary for all project managers. Covering the entire project life cycle, students gain experience in the processes and phases of project management. Project phases such as selection, planning, organizing, execution, monitoring, control and closure will be reviewed. Project processes such as scope, risk, communications, quality and procurement management will be addressed.

MGMT 543: Project Management Tools and Systems (3)

The primary focus in this course is on the quantitative tools used in project management. The course will focus on project feasibility, justification, and detail scheduling using work breakdown structures (WBS), critical path methods (CPM) and project budgeting/costing and performance evaluation (PERT). Students will use MS Excel and MS Project to learn industry standard techniques and software for planning, executing, monitoring and controlling projects.

MGMT 545: Managing High Performance Teams (3)

The goal of this course is multifold: to help students understand team dynamics, to become better team members through experience, to be better able to manage teams, whether local or virtual, and to apply team theory to actual practice in their personal and professional lives. This course accomplishes this through a combination of exercises supplemented by lecture, discussion, video cases and role-play. Content topics will include defining teams, considering styles and skills, connecting to performance, motivating and leading teams, managing culture implications, working with power and politics, coping with change and strategizing team direction.

MGMT 570: Business, Ethics and Governance (3)

Business, Ethics and Governance critically examines the major social, political and economic forces impacting business organizations. Topics include social accounting, labor relations, technological change, consumerism, pollution, government regulation, ethics and morality and equal opportunity. An emphasis will be placed on management's response to societal issues as the corporation attains its mission and goals. This course is designed to increase the students' awareness of ethical problems and how these problems affect managerial and corporate responsibility to individuals and to society.

MGMT 574: Diversity and Inclusion in Organizations (3)

This diversity management course focuses on building the business case for diversity as a competitive advantage in today's organizations, by understanding, valuing and respecting individual differences in the context of workplace diversity. Through readings, cases, and identity group discussion and presentations, the application and implications as well as opportunities and challenges of managing diversity are explored.

MGMT 585: Health Care System Organization (3)

The primary focus of this course is on the development and organization of the various elements of health care in the United States. The continuing impact of the Accountable Care Act is studied. The course considers the growth of the third-party payer system, the impact of employer-based health insurance and the role of government programs. Also included are the changing roles of doctors, other providers, and provider organizations.

MGMT 587: Health Care Financing and Managed Care (3)

*Prerequisite: MGMT 585
This course looks in detail at the societal and management issues precipitated by the financing of the U.S. health care system. The course considers types of managed care arrangements, the impact of managed care on service provision, risk arrangements, capitation, disease and demand management principles, cost-effectiveness and quality issues and the changing relationships between patients, payers, providers and employers.

MGMT 588: Legal and Regulatory Issues in Health Administration (3)

*Prerequisite: MGMT 585
This course considers legal obligations and responsibilities of health care providers and organizations in administration. Elements of corporation, agency, administrative and common law are covered. Landmark cases are used to study legal issues faced by providers and health care organizations.

MGMT 590: Strategic Management and Policy (3)

*Prerequisite: FINC 521 and MKTG 560, completion of 24 hours of program courses or permission
Strategic Management and Policy is a capstone course that builds on and integrates key concepts and ideas learned in the core courses of Business Administration. Case studies are utilized in which to apply that knowledge to a Strategic Management Framework to create strategic alternatives in a business setting. Emphasis is placed on how these issues affect the manager and the corporation overall.

MGMT 591: Internship in Management (3)

Students learn to apply management concepts and theories under the direct supervision of a practitioner as well as a faculty member. To initiate the contractual arrangements for the course, a student must meet with the MBA advisor and the appropriate faculty during the semester preceding enrollment.

MGMT 599: Special Topics in Management (3)

The focus of this course is on special topics in management. The course will be offered as a seminar on a subject of current interest.

MKTG 560: Marketing Management (3)

*Prerequisite: MKTG 404 and ACCT 520
Marketing management is a study of the various phases of marketing activity and an analysis of the concepts on which sound marketing practices are based. Consideration is given to product planning, distribution channels, promotional methods, sales programs, pricing policy, market research and the problems of the administration of marketing programs.

MKTG 561: Internet Marketing (3)

*Prerequisite: MKTG 405
This course will provide a strategic overview of e-business strategies, electronic marketing strategies and the integration of Internet-based business and marketing communications strategies with traditional methods of going to market and communicating with customers and suppliers. Further, we will conduct an active and hands-on review of the evolving world of social media and consumer-created content.  

MKTG 563: Service Marketing (3)

*Prerequisite: MKTG 405
In this course, students will learn the application of marketing theory to the service industries. Health care and financial services industries will receive special focus.

MKTG 565: The Online Consumers and Social Communities (3)

*Prerequisite: MKTG 405
The Online Consumer and Social communities will examine the role of Consumers and Communities in the success of online marketing initiatives. We will explore consumer insights and consumer behavior concepts that support consumer engagement and social media participation. A close examination of a students' individual online behavior and the collective behavior of Internet users will be a major component of this course. A planning model to design comprehensive online content will also be applied. 

MKTG 566: Market Behavior (3)

*Prerequisite: MKTG 405
This course will consist of a series of specialized marketing components needed to fully understand the "value chain" process of creating and delivering value to targeted business markets and consumers. Starting with an analysis of consumer and business/retailer behavior as the bedrock of marketing management, the strategic and tactical aspects of sales force management, purchasing and supply management, co-marketing, co-branding and value-added marketing, supply chain management, customer relationship marketing and customization will be examined.

MKTG 567: Strategic Marketing Communications (3)

*Prerequisite: MKTG 405
This course examines consumer behavior concepts that underlie effective integrated marketing communication planning.  Strategies for combining advertising, sales promotion, public relations, direct marketing, personal selling and Internet communications in the development and production of marketing messages and materials will be covered. Students will also learn the basics of integrating effective offline and online initiatives for enhancing buyer behavior and the developing effective promotional campaigns that build brand equity.

MKTG 569: Social Media Marketing (3)

*Prerequisite: MKTG 405
Social media is now an accepted part of the political, organizational and marketing scene. That said, integrating social media into marketing strategies and plans is no easy task, primarily because it changes the way we must think about our customers and about communicating with them. The good news for marketers is that the social media world opens whole new lines of communication with customers. The course will be highly interactive and hands-on. Teams of students will be required, not only to plan marketing programs that include social media, but also to execute prototype social media elements of the plan. That puts a premium on marketing background and/or experience that will enable each person.   

MKTG 577: Special Topics in Marketing (3)

The focus of this course is on special topics in marketing. The course will be offered as a seminar on a subject of current interest. 

MKTG 591: Internship in Marketing (3)

Students learn to apply marketing concepts and theories under the direct supervision of a practitioner as well as a faculty member. To initiate the contractual arrangements for the course, a student must meet with the MBA advisor and the appropriate faculty during the semester preceding enrollment.