MBA courses
Economics of Strategy and Organizational Structure of Business
Competitive Strategy
Business Model: Tools for Building and Development
Managerial Economics
Entrepreneurial and Corporate Finance (Business Value Management)
International Macroeconomics
Economics of Strategy and Organizational Structure of Business
Course Objective: To develop knowledge of those sections of modern economic theory that underpin business and management strategy, and the ability to use this knowledge to analyze practical business management problems and make managerial decisions.
Course Outline:
1) Introduction: Basic concepts of modern economics.
2) Game theory and market interactions analysis.
3) Theory of the firm.
4) Market power.
5) Economics of competitive strategy.
6) Agency relationships, conflicts of interest, and incentive problems.
7) Boundaries of the firm: horizontal and vertical integration.
8) Economics of organizational structure and corporate governance.
Competitive Strategy
Study, critical discussion, and practical application of the most interesting contemporary concepts in business strategy.
Course Outline:
1) Schools of strategy: alternative approaches to forming and implementing business strategy.
2) Competitive forces and company interactions in the value creation network.
3) Formation of competitive advantages.
4) Vertical integration and firm boundaries.
5) Industry analysis for improving competitive strategy.
Business Model: Tools for Building and Development
A practical course dedicated to building and improving a company’s business model. It is an integrative course using knowledge and skills acquired in courses such as Strategy, Marketing, Management, etc. Throughout the course, participants work in small groups to develop business models for real existing businesses.
Managerial Economics
The course aims to develop a manager’s “economic mindset” – the ability to see and understand the problems a firm faces in its economic environment using the tools of modern economic science: understanding and analyzing the benefits and costs of managerial decisions, analyzing the interactions of market participants and within the firm to make effective management decisions, and making decisions based on understanding market functioning patterns and predicting the impact of market trends and the economic environment on the firm’s results.
The course covers issues of technology and firm activity organization, industry structure and firm behavior in the market, pricing strategies in markets where the firm has market power, decision-making theories, including under uncertainty, the impact of agency problems, asymmetric information, and institutional structure on firm strategy, theories of organizational structure, and vertical integration.
The course consists of two main parts:
(1) Economics of Strategy and
(2) Economics of Organizational Structure.
Entrepreneurial and Corporate Finance (Business Value Management)
The course focuses on the most important issues of financial management of the company – making investment decisions and financing strategy, and is entirely based on real-world case analysis.
Analysis of investment project effectiveness, sources and financing strategy, capital structure, cost of capital, company valuation, mergers and acquisitions, international investment projects, financial markets, and their impact on company value, finance, and business strategy are the main issues of the course built on case analysis from the practice of Ukrainian, Russian, and foreign companies.
The course aims to develop a manager’s ability to apply knowledge in corporate finance in non-standard real-world conditions.
Course Outline:
1) The firm and financial markets. Sources of financial resources for company development. Business goals and conflicts of interest.
2) Business management aimed at value growth. Investment decisions and business valuation based on cash flow analysis.
3) Capital structure and cost of capital.
4) Real options.
5) Analysis of strategic investment decisions in practice: problems and solutions.
6) Mergers and acquisitions.
7) Solving conflict of interest problems. Top management incentive systems.
8) Financing strategy at different stages of business development.
9) Business financing through venture funds and private equity funds.
10) Initial public offering (IPO).
11) Debt financing.
12) Business value and risk management.
International Macroeconomics
The course focuses on studying the impact of the “macro environment” on the firm’s activities. It examines modern macroeconomic models that allow students to develop an understanding of the relationships between national income levels, inflation, unemployment, money supply, exchange rates, government policy, and the ability to predict the impact of these factors on the firm’s activities.
Course Outline:
1) Key macroeconomic variables (GDP, inflation, unemployment, exchange rates, balance of payments accounts, government budget).
2) The market for goods and services and capital markets.
3) The monetary system and the money market.
4) The balance of payments and the foreign exchange market.
5) Basic model of macroeconomic fluctuations: relationships between the markets for goods and services, the money market, the foreign exchange market, the capital market, and the labor market.
6) Causes of crises and economic downturns. Government macroeconomic policy.
7) Economic growth.
8) Current issues of national and global economic development.
