2023-24 Graduate Academic Catalog

2023–24 Graduate Academic Catalog Page 111 Graduate-Level Course Descriptions ECON-6400 – INNV-6270 E Economics (ECON) ECON-6400 Managerial Economics 3 hours This managerial economics course studies the role of economic theory in management analysis and decisions incorporating a Christian ethical context. This course is about economic principles and their relevance to business decision-making. We will explore the interaction of information, economic incentives, and market competition and how these interact to determine prices, products available, profits, and patterns of trade and organization. At the end of this course, students should be able to understand how basic economic reasoning can lead to improved managerial decisions. Prerequisites: BUS-6100 Managerial Data Analysis; or BUS-6300 Operations Research; undergraduate or equivalent competency in Microeconomics. ECON-6450 Economics of Government Policy 3 hours This course provides a review of the macroeconomic instruments of public policy (both fiscal and monetary) and an overview of the implication to business decisions. Monetary policy will review tools of the central bank, a historical examination of the evolution of monetary policy, and the current state of monetary theory. The linkage between monetary policy and debt finance will be examined, and contemporary public finance issues will be explored. Monetary and fiscal policy impacts on interest rates, credit availability, and exchange rates will be assessed. Finally, collective decision-making will be examined with an introduction to public choice theory. Prerequisite: ECON-6400 Managerial Economics. F Finance (FIN) FIN-6500 Executive Financial Management 3 hours This course focuses on the critical financial issues and decisions facing organizational leaders and business executives. Key concepts covered in the course include analysis of financial statements, time value of money, cost of capital, working capital management, and cash flow forecasting. Using these tools, students will learn to evaluate and determine the value of organizations and proposed capital projects. Prerequisite: ACCT6300 Accounting for Business Executives. H Healthcare (HLCA) HLCA-6300 Healthcare Systems 3 hours An introduction to healthcare delivery, focusing on consumers, providers, organization, financing, quality and utilization of services, health planning, and political and governmental impacts. Includes a comparison of the U.S. healthcare system with those of other countries. In addition, there is a brief overview of global health issues and public health policies. HLCA-6310 Healthcare Policy and Data Analysis 3 hours The goal of this course is to explore current issues impacting the U.S. healthcare system. Governmental, environmental, and economic realities serve as the impetus driving the healthcare industry. This course will help graduates understand the perspectives of these varied stakeholders. Students will learn how to leverage big data to make data-driven decisions and the benefits and challenges wrought by health information technology. HLCA-6320 Quality Management in Healthcare 3 hours The purpose of this course is to familiarize the student with the concepts and methodologies of quality improvement across the healthcare continuum. This course focuses on the vision, strategy, and tools relating to healthcare improvement. The course will introduce and explore the evolution of quality including definitions, principles, theories, and practices. The student is introduced to and applies a diverse collection of methods of quality improvement. HLCA-6700 Ethical Issues in Healthcare 3 hours This course will examine the various elements of healthcare compliance, including: occupational safety, security, patient and employment confidentiality/data protection, audit, HIPAA, and internal codes of conduct. The course will also examine emerging ethical issues and dilemmas that healthcare managers face. NOTE: For those students electing the healthcare concentration, this course substitutes (not replaces) for the MBA course MGMT6700 Legal and Ethical Environment of Business. I Innovation and Entrepreneurship (INNV) INNV-6200 3 hours Emerging Trends and Opportunities for Innovation This course will cover the practice of identifying “problems worth solving” by analyzing trends and changes in the marketplace caused by technology disruption, regulatory changes, societal shifts and more. Students will study historical disruptions and opportunities to better understand what factors to look for in the current market of “contemporary problems and opportunities” that could be addressed through innovation. INNV-6250 Design Thinking Principles for Innovation 3 hours Creative problem-solving is one of the most critical skills that business leaders and entrepreneurs need to be successful. New solutions will require new thinking. Students will study and practice a wide and diverse body of work that will include subjects like: creating and managing an innovative working culture, understanding disparate thinking styles, divergent and convergent thinking, empathetic thinking, and creating rapid prototypes to test ideas. Prerequisite: INNV-6200 Emerging Trends and Opportunities for Innovation. INNV-6251 3 hours Advanced Design Thinking Principles for Innovation Building on the principles introduced in INNV-6250 Design Thinking Principles for Innovation, students will utilize design thinking strategies to plan and lead an original ideation workshop. The students will leverage the diverse knowledge and experience of individuals as they work through an initial cycle of the ideation process. The outcomes of the workshop will be made tangible through creating an early prototype. Prerequisite: INNV-6250 Design Thinking Principles for Innovation. INNV-6270 3 hours Business Modeling and New Venture Creation Students will learn how to quickly and effectively map a business model and/or business venture onto a visual-basedlearning, nine-tiled “canvas” using it as both a diagnostic tool for missing components, but also as an idea-development tool. This process will address all nine “tiles” on the widely-used “business model canvas” tool currently being used in the innovation market place. Further students will be challenged with five “elements” from one of the Edisonian core competencies called “Super Value Creation.” Prerequisite: INNV-6250 Design Thinking Principles for Innovation.