ECN7200 Managerial Economics
SLE Date: Saturday, April 29, 2017
Managerial Economics (MICRO) - This course provides a framework for systematic analysis of consumer and firm’s choices in light of global market dynamics to create and capture value given the firm's and industry’s market structure. This framework is used to explain firm adjustment to changes in market conditions, as well as to changes in government policies and laws. While the course focuses on understanding how the value of the firm can be increased, it also addresses broader questions of efficiency, equity and sustainability.
BL1 MANG AT CROSSROADS BUS,GOVT,INTLECN
ECN7201 Managing at the Crossroads: Business, Government, and the International Economy
F2F Meeting Dates: February 24 and February 25
Managing at the Crossroads: Business, Government, and the International Economy (Mac-BGIE) – This course focuses on domestic and international cause-and-effect relationships among credit markets, goods and services markets, and foreign exchange markets. This global framework is used to explain the effect that economic, social, and/or political shocks have on a nation’s growth and prosperity.
ECONOMIC & FINANCIAL FORECASTING
Economic and Financial Forecasting
If you have taken QTM9501, Business Forecasting, you cannot take this course.
Do you anticipate making or evaluating economic and business forecasts in your career? This "hands-on" course provides students a comprehensive introduction to the field of forecasting and econometrics. It covers three main areas of forecasting: basic statistical methods, structural models, and time series models. Throughout the course we will focus on applied examples and use software to forecast key economic and business measures of performance (such as asset pricing, investment risk, interest rates, unemployment rates, industry level and firm level sales, revenues and other variables) while learning to assess the strengths and weaknesses of these forecasts.
These techniques can improve corporate financial planning, marketing, sales forecasts, production planning, and many other decisions where better predictions in light of uncertainty can reduce costs, raise profits and lead to better decision-making.
Fast Track: ECN7201 and MIS7200
One Year: ECN7200
Two Year: ECN7200
This course is typically offered in the following semester: Fall
TRADE & GLOBALIZATION
Trade & Globalization
This semester-long course examines the application of economic concepts for strategic decision-making in a global market place. The global economy and the global marketplace make it necessary that students have functional knowledge and the ability to identify international market opportunities, government influences on competitiveness, market access problems and protectionism, and opportunities for outsourcing. This course will also offer an analysis of the consequences of regional economic integration, globalization trends, trade negotiations and actions by the World Trade Organization for export/import and/or foreign direct investment. Students will have the opportunity to perform an economic analysis of a specific trade or investment strategy, or of a policy issue of their choosing. Career considerations: international trade (import/export trade), international marketing, foreign investment and banking, global strategy and economic development. Complementary courses: International Finance; Global Strategic Management, Global Marketing; offshore and regionally focused courses and internships; international aspects of advanced marketing, entrepreneurship, management, finance, accounting and law courses.
Evening: ECN7000 or MBA8520 or ECN7200
Fast Track: ECN7201 AND MIS7200
One Year: MBA7320 or ECN7200
Two Year: MBA8320 or ECN7302 or ECN7200
This course is typically offered in the following semester: Spring
ECN7555 Health Economics
3 credit elective
Health and medical care pervade every aspect of our lives. As the world population ages, an entirely new demographic stress will be put on healthcare systems. Some estimates project healthcare costs in U.S. to account for 20% of GDP in the next few years. There is an urgent need for a re-evaluation of the system and assessment of its business opportunities, which Health Economics is best suited for.
By combining microeconomic theories and quantitative methods this course will examine major players in this industry including pharmaceutical companies, hospitals, insurance companies, physicians, patients and the government. We will analyze problems each player faces such as "how do pharmaceutical companies quantify the costs and benefits of different medical interventions?", "how does competition (or lack of it) of HMOs and hospitals in the market influence prices, and choices in the market?", "how do insurance companies decide the rates and the consequences of rate structures for medical providers and patients?", "does more government spending lead to better health outcomes? If not, what does?". These and many other interesting questions will be examined to better understand outcomes and opportunities in this complex industry.
This course will interest any individual planning a career in the health care or related industries. It should also interest students who wish to see how economics is applied to business and policy issues.
Blended Learning MBA: (ECN7201 AND MIS7200)
One Year: ECN7200
Two Year: ECN7200
COMP CHALLENGES OF NEW EUROPE
Competitiveness Challenges of the New Europe
3 credit off-shore elective
"Competitiveness Challenges of the New Europe" will explore an in-depth look at the EU and its institutions. The course will consist of 2 mandatory pre-departure sessions on campus in late February/early March, followed by a week in Milan, Italy. The course will conclude with a debrief session on campus following the group's return. While this course has a strong analytical perspective, discussion of day to day issues in lives of Italians - and even more so, operational and strategic issues of Italian companies - are at its core. Students will visit several Italian businesses and will be asked to apply principles introduced in the classroom at Babson as well as at Bocconi University to these visitations.
Bocconi University, the host for this program in Milan, is one of Babson's strongest strategic partners and is ranked the number one business school in Italy. Bocconi promotes both economic advancement and civic values by providing students with solid intellectual and professional training so they can contribute to the innovation and development of Italian and European businesses.