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OEL 541: Business and Economics of an Organization (Graduate Level)

Course Description

This course will introduce students to financial strategies required for non-financial managers working in a global economic environment. The course will present a high level overview of various accounting/financial processes and other resources necessary for decision making and organizational strategic planning purposes.

Prerequisite

  • OEL 501: Learning Community

Student Learning Outcomes (SLOs)

Students who successfully complete this course will be able to:

  1. Demonstrate a basic understanding of accounting and financial management processes.
  2. Demonstrate the ability to develop and analyze organizational budgets for forecasting purposes.
  3. Explain global economic threats and the challenges it presents for organizations.
  4. Apply the financial strategies required for organizational decision making to a business dilemma.
  5. Demonstrate ability to conduct research, analyze financial statements, and other organizational information to develop organizational strategic planning processes.
  6. Demonstrate an understanding of organizational marketing concepts and how they relate to an effective organization.

Applicable Program Learning Outcomes (PLOs)

5. Construct organizational leadership strategies.
7. Design and implement organizational change processes.
8. Create strategies to support intercultural/global inter-relationships.
9. Develop strategies that support the advancement of organization's vision and mission.
12. Apply financial and economic tools to improve organizational performance.

Course Activities and Grading

Assignments

Points

Discussions: 12 @ 30 points each

360

Problem Solving Assignments: 3 @ 50 points each

150

Group Projects: 3 @ 80 points each

240

Final Project

250

Total Points

1,000

Required Textbooks

(Available through our online bookstore)

  • Froeb, McCann, Shor and Ward (2018). Managerial Economics: A Problem Solving Approach. 5th ed. Cengage Learning. ISBN-13: 9781337106665

Supplemental Required Readings/Resources

(Provided in the course)

Supplemental Required Readings/Resources

(Available in the Charter Oak Library)

Course Schedule

Week

PLOs

SLOs

Readings and Exercises

Assignments

1

5,12

1

Problem Solving and Decision Making

  • Readings - Chapters 1-5
  • Graded Assignments
    • Discussion 1
    • Problem Solving - Developing a Financial Management Process
  • Read assigned chapters 1-5
  • Participate in Discussion 1
  • Review the Lecture material
  • Graded assignments for this week Discussion = 30 Points; Problem Solving Assignment 1 = 50 Points

2

5,9,12

2,6

Pricing, Costs and Profits

  • Readings - Chapters 6-11
  • Graded Assignments
    • Discussions 2 & 3
    • Problem Solving - Analyze Organizational Marketing Concepts
    • Group Project 1 - Develop an Organizational Marketing Plan
  • Read assigned chapters 6-11
  • Participate in Discussions 2 & 3
  • Review the Lecture material
  • Graded assignments for this week: Discussions = 60 Points; Problem Solving Assignment 2 = 50 Points; Group Project 1 = 80 Points

3

5,6,12

1,4

Pricing for Greater Profit

  • Readings - Chapters 12-14
  • Graded Assignments
    • Discussion 4
    • Group Project 2 - Evaluate How Pricing Decisions are Made and Adjusted
  • Read assigned chapters 12-14
  • Participate in Discussion 4
  • Review the Lecture material
  • Graded assignments for this week: Discussion = 30 Points; Group Project 2 = 80 Points

4

5,12

5

Strategic Decision Making

  • Readings - Chapters 15 & 16
  • Graded Assignments
    • In Depth Discussions (5&6) on Strategic Gaming
  • Read assigned chapters 15&16
  • Participate in the Discussions
  • Review the Lecture material
  • Graded assignments for this week: Discussions = 60 Points

5

5,7,12

2,4

Uncertainty

  • Readings - Chapters 17 & 18
  • Graded Assignments
    • Discussions 7 & 8
  • Read assigned chapters 17&18
  • Participate in the Discussions
  • Review the Lecture material
  • Graded assignments for this week: Discussions = 60

6

5,7,12

2,4

Uncertainty (Continued)

  • Readings - Chapters 19 & 20
  • Graded Assignments
    • Discussion 9
    • Group Project 3 - Describe andSolve a Moral Hazard Problem
  • Read assigned
  • Participate in the Discussions
  • Review the Lecture material
  • Graded assignments for this week: Discussion = 30 Points; Group Project 3 = 80 Points

7

5,8,12

5

Organizational Design

  • Readings - Chapters 21-23
  • Graded Assignments
    • Discussions 10 & 11
    • Problem Solving - Analyze Global Economic Challenges
  • Read assigned chapters 21-23
  • Participate in the Discussions
  • Review the Lecture material
  • Graded assignments for this week: Discussions = 60 Points; Problem Solving Assignment 3 = 50 Points

8

5,7-9,12

3,4

Wrap Up - What Have You Learned

  • Readings - Chapter 24
  • Graded Assignments
    • Discussion 12
    • Final Project - PowerPoint Presentation with Voice-Over
  • Read assigned chapter 24
  • Participate in the Discussions
  • Review the Lecture material
  • Graded assignments for this week: Discussion = 30 Points; Final Project = 250 Points

COSC Accessibility Statement

Charter Oak State College encourages students with disabilities, including non-visible disabilities such as chronic diseases, learning disabilities, head injury, attention deficit/hyperactive disorder, or psychiatric disabilities, to discuss appropriate accommodations with the Office of Accessibility Services at OAS@charteroak.edu.

COSC Policies, Course Policies, Academic Support Services and Resources

Students are responsible for knowing all Charter Oak State College (COSC) institutional policies, course-specific policies, procedures, and available academic support services and resources. Please see COSC Policies for COSC institutional policies, and see also specific policies related to this course. See COSC Resources for information regarding available academic support services and resources.