MBA 201B: MACROECONOMICS IN THE GLOBAL ECONOMY
In this course, we learn about the factors shaping national economies and how those forces influence business opportunities. We analyze how governments’ monetary, fiscal, trade, exchange rate, financial, and labor policies affect, and are affected by macroeconomics. We examine what makes interest rates, inflation, unemployment, foreign exchange rates, and economic growth go up and down. We use the tools developed in class to examine current events around the globe.
The class will sharpen students’ abilities to analyze and (in some cases) forecast:
- Interest rates and inflation rates
- Wages, salaries, and unemployment rates
- New business starts, consumer spending, and housing construction
- Innovation, entrepreneurship, and business profits
- The government budget deficit, the trade deficit, and exchange rates
- Economic growth rates over the long run and across countries
The course meets twice a week (either on Monday & Wednesday or Tuesday & Thursday), in 2-hour classes, for the first 7 weeks of the Spring semester. In addition, there is an optional 80-minute discussion section each Friday with a GSI.
The eighth or ninth edition of Macroeconomics by N. Gregory Mankiw).
Waiver Exam Overview
The waiver exam will ask questions about both theories and applications of the concepts that are useful for understanding the macroeconomics of consumer spending, business investment, fiscal and monetary policies, financial and labor market policies, imports and exports, and rates of interest, inflation, international exchange, and economic growth. To prepare, be sure that you are comfortable with the concepts and applications above at the level of conventional intermediate-level macroeconomics textbooks and that you can apply the concepts to current events.
Here are some sample exam questions to help you assess your ability and as a study guide. In addition here is a syllabus from a previous offering of the course. Please note that this syllabus is not current so you should not refer to it, except in preparation for the waiver exam. In addition, you should consider reviewing chapters 1-14, 19, and 20 of the course textbook, current events (as contained in major newspapers), the Federal Reserve’s publication on “Fed Purpose & Functions” and readings on moral hazard and adverse selection (which can be found in many places.)
MBA 204: OPERATIONS
This course introduces you to concepts and techniques related to matching supply with demand in manufacturing and service operations. The goals are to make you conversant in the language of operations management; provide you with quantitative and qualitative tools to analyze basic operations issues; and allow you to see the role of operations management in the overall strategy of the firm. The course covers topics in process and capacity analysis, inventory management, demand uncertainty, supply chain management, and service operations. In each module, you are introduced to tools for analyzing operations problems and methods of managing that aspect of operations. You will prepare cases for class discussion, analyze cases and problem sets, participate in simulations/exercises, and take mid-term and final exams. Our objective is to create as much interaction with operations issues as possible, allowing you to examine how they affect an organization’s overall performance.
The course meets twice a week in 110-minute classes for the first seven weeks of the Spring semester. There also is an optional 80-minute discussion section each Friday.
The course will use readings and cases that are made available electronically or through a course reader. If you want additional background, you may consult one of the many operations management textbooks that are available including: Matching Supply and Demand: An Introduction to Operations Management by Gerard Cachon and Christian Terwiesch.
Waiver Exam Overview
If you have a background in industrial engineering or very strong analytical experience in manufacturing or operations management, you should consider taking the waiver exam. If you have questions about the format of the waiver exam, please direct them to the MBA Program Office (not the instructor).
The Cachon and Terwiesch text (on reserve at Haas’ Long Library) provides a good review of basic operations principles. Many other operations management textbooks would serve equally well. You should be familiar with process and capacity analysis, service operations (including queueing phenomena), inventory control, demand uncertainty, and supply chain management. If you plan to take the exam, you are encouraged to review the course syllabus from 2016. The syllabus includes references to sections of the Cachon and Terwiesch text that are relevant; the text also includes practice problems.