Graduate Courses in Business

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

This course focuses on the different types of business frauds that can be perpetrated using computers, 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.

ACCT 514: Financial Statement Fraud (3)

*Prerequisite: ACCT 401 and FINC 403
This course aims to educate the student in the variety of ways that fraud can be perpetrated in a company's financial statements, and measures that can be taken to detect these. The fraudulent measures studied include the recording of premature or fictitious revenues, the failure to record expenses and the capitalization of expenses. Additional topics include earnings management, improper classifications and disclosures and problems with cash flow reporting. Further, this course will examine cases where fraud was detected, the early warning signs of fraud and the techniques used to discover these financial statement frauds.

ACCT 515: Fraud Examination (3)

This course provides the student with a knowledge of different types of business and occupational frauds, including asset misappropriation, cash schemes, accounting system schemes and corruption. Additionally, the student will gain knowledge of the law as it relates to fraud: anti-fraud deterrence, controls and countermeasures and fraud examination procedures and techniques.

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

*This course is strongly recommended to take with ACCT 515
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.

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 problems of decision making. This course emphasizes readings and cases that deal with financial reporting, budgeting and cost control, and use of accounting information in operating and strategic decision making.

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.  

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.

ECON 510: Managerial Economics (3)

*Prerequisite: ECON 402
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 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 explores the relationship between external environmental forces and institutions as related to the foreign investment decision process. Special emphasis is placed on international adaptations in market information systems, funds sourcing, working capital management, control and reporting, financial risk management and foreign exchange risk analysis.

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. This course will initially review accounting concepts, an analysis of cash flows and the foundations of financial ratios. The course will then focus specific attention upon inventory valuations and methods, long-lived asset issues such as capitalization and depreciation, liabilities and off-balance sheet debt. This course is the first in a two-course sequence designed to prepare candidates for the CFA® Level I exam.

 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.

MGMT 500: Management Theory and Application (3)

*Prerequisite: MGMT 404
This course examines the effective management of people in organizational settings. The course focuses on management's role and responsibilities in the maintenance and improvement of productivity, quality and the competitive position of the enterprise. Critical issues such as employee motivation, interpersonal perception, communication, accommodation of the individual to the organization, individual career development, organizational impact on individual and group work behavior through the design of work, and methods of evaluating and rewarding work effectiveness are explored.

MGMT 501: Strategic Human Resource Management (3)

*Prerequisite: MGMT 500 or 3 credit hour MBA course by consent
Viewed as the capstone course 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); 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)

Regardless of the industry, promoting and managing learning in an organization is a critical function. This course provides an introduction to adult learning, learning preferences, motivation, coaching, workplace instruction and organizational learning structures. Students will identify workplace learning needs and design appropriate training or other workplace learning opportunities. Group discussions will be used to relate learning theories to practical solutions. Group projects will be used to build students' skills in identifying needs, developing strategies,and designing workplace learning opportunities and evaluating outcomes.

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 file, 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 graduate course addresses various aspects of multiculturalism and diversity. Its focus is to both better understand and value differences and multiculturalism and to build a case for diversity as a competitive advantage in today’s organizations.

MGMT 577: 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.

MGMT 585: Health Care System Organization (3)

The primary focus of this course is on the development and changes in various elements of the U.S. health care system. 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 and other providers, the effects of consolidation and integration and the results of government and private effort in quality improvement.

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 organizations in administration. Elements of corporation, agency, administrative and common law are covered. In addition, voluntary and government regulation of the health care industry are discussed.

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. 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.

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.