Financial Management

Financial management is the management of the flow of funds available to an organization. In a market economy it is often viewed as the integrating discipline of management, moderating the flow of capital and risks and rewards between savers and users of capital. A primary objective of financial management in the United States is to create and preserve shareholder value or wealth. Clearly that objective does not hold in many parts of the world. While it is the objective articulated in the text, it will be questioned from time to time, as other interests are considered. Through case discussions and the supplementary readings in the text, this course will help you to develop the knowledge, skills, critical thinking ability, and behaviors required of any manager, not only those specializing in finance. Although the main focus of this course is on profit-seeking firms, much of what is learned has applicability for organizations in the not-for-profit and governmental sectors as well. The course will raise ethical issues where appropriate.

Global Economics

Global Economics is an applied international economics course that spans micro- (firm-centric) and macro- (country- or region-centric) economics.  Key concepts and frameworks, actors, and cycles in the global economy will be discussed and critiqued. The purpose is to understand what it takes for a global manager to position a multinational firm successfully in a volatile economic context. We will study important principles and theories of micro-economics (supply and demand, marginal analysis) and macro-economics (economic growth, exchange rates, trade, balance of payments, GDP, employment, and inflation), as well as the areas where micro meets macro (firm versus country competitiveness, industry and market structures). We will explore more closely the character, role, and significance of trade and finance institutions, systems, and flows within the overall global economy (International Monetary Fund, International Finance Corporation, World Bank, European Central Bank, U.S. Federal Reserve Bank, Asian Development Bank, etc.). We will develop a deeper understanding of cycles and volatilities in the global economy (business cycles, booms, busts, recessions, depressions).  We will take a close look at their causes, uncertainties, and implications for businesses in today’s volatile global economy.

Global Strategy

Strategic skills are a key asset for business leadership across business functions and seniority levels.  The need for and benefit of those skills is no longer limited to elite staff groups or top executives. Increasingly, companies expect their product managers, senior business analysts, and mid-level executives in diverse functions to possess the ability to think and act strategically without losing their agility. Therefore, this course will focus on the craft, the opportunities, and the challenges of developing strategies in these roles. As we do so, the most basic strategic question is: How do we best position and compete among significant uncertainty and ambiguity to maximize value created and profits made in a sustainable way? This course provides students a combination of analytical and engagement tools for strategy projects for internal or external executive clients. Among the analytical skills are methodologies and frameworks for product, firm, industry, and market analysis. Among the softer engagement skills are diagnostic skills.

Accounting

This course is an accelerated introduction to the concepts and practices of financial and managerial accounting. The first (financial) part of the course will deal with the recognition, measurement, and reporting of a firm’s economic transactions. Students will be exposed to the framework of generally accepted accounting principles, both U.S. and international. The second (managerial) half of the course will focus on the use of accounting information to measure, analyze, and report economic events for internal decision-making purposes. Students will learn about cost behavior, reporting, budgeting, and activity-based costing.

International Marketing

Marketing is the interface between the company and the marketplace.  Managers in all functional areas of business need an understanding of marketing fundamentals. While marketing managers create and implement marketing strategy, managers in other disciplines such as accounting, finance, and operations also need to understand marketing plans that require their cooperation or approval. This course covers the processes involved in the creation and delivery of customer value and satisfaction through communication, pricing, and distribution and development of products and services. It is designed to give an overview of what marketing is, what marketers do, and the concepts and tools they rely on to achieve their objectives. The course will include the theory and practice involved in the marketing process. Key in this process is the understanding of business and consumer markets. We’ll also look at marketing issues facing both private and non-profit sector organizations. All of the topics in the course will be discussed in an international context, including the unique issues that marketers face in global markets.

Future Mindset

In the next ten years the rise of emerging technologies will change economics and daily life around the world. Making sense of the possibilities and experiences that a new world of mobility, Big Data, cloud computing, and artificial intelligence will bring requires a future mindset that can conceptualize and act in rapidly shifting digital contexts, organizations and technologies. In this course students will build competencies in the mindsets and approaches of the new digital economy. By designing future-forward business concepts you will understand the contexts in which start-ups and today’s digitally forward organizations define new opportunities, and how they turn these opportunities into learning and growth. You’ll experience the chaos and uncertainty of how a product moves from idea to concept through hypothesis, pivots and iterations. You’ll also gain actionable insight into the role of the product manager, a critical role in the digital organization that embodies the future mindset. In the next ten years the rise of emerging technologies will change economics and daily life around the world. Making sense of the possibilities and experiences that a new world of mobility, Big Data, cloud computing, and artificial intelligence will bring requires a future mindset that can conceptualize and act in rapidly shifting digital contexts, organizations and technologies. In this course students will build competencies in the mindsets and approaches of the new digital economy. By designing future-forward business concepts you will understand the contexts in which start-ups and today’s digitally forward organizations define new opportunities, and how they turn these opportunities into learning and growth. You’ll experience the chaos and uncertainty of how a product moves from idea to concept through hypothesis, pivots and iterations. You’ll also gain actionable insight into the role of the product manager, a critical role in the digital organization that embodies the future mindset.

Project Management

In today’s business world, project management skills are applicable in most business roles. Big data research that Hult has conducted shows that project management skills are the most in-demand skills in today’s employment market. We will focus on how to balance the demands of time, quality, scope and cost inherent in any project while considering the interest of all stakeholders affected. We will provide principles, methodology and practical information through a combination of lectures, assignments, group collaboration and hands-on exercises.

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Masters in International Business course descriptions

Core courses form the backbone of your Masters in International Business curriculum. You will study them throughout modules A – C. The classes have been carefully designed and sequenced to build knowledge, skills, and competencies in finance, marketing, operations, economics, and strategy.