Continuing from my last blog post, in this blog post I will cover the main topics of other three core classes of UNR MBA, Finance and Economy.
There are two mandatory finance courses in UNR MBA core classes, Financial Reporting and Analysis and Financial Management. You probably heard about Financial Statements somewhere in your undergrad classes or on the news. During the first class, Financial Reporting and Analysis, you will get the better understanding of financial statements and their necessity. You will learn how to create a financial statements and how to extract financial data from the internet, like Yahoo Finance of Google Finance. You need to have a financial calculator in your pocket, and an excel file open on your computer any time you are going to this class.
Financial Management is the complementary course for the former one (although it’s not pre-requisite). Everything in this course is about financial comparison; comparison of two companies within the same industry, comparison of two industries, or even comparison of a company with itself over the specific period of time. You will learn how to calculate financial ratios and their concepts as a tool of comparing two financial units. Maybe you’ll figure out how companies play with number to show they have a better financial position :).
Our only economic core class at UNR MBA is Economics of the firm, which can be summarized in two words, Supply and Demand. Explained by google translate, supply and demand is “the amount of a commodity, product, or service available and the desire of buyers for it, considered as factors regulating its price.” You will learn how supply and demand is effected by in market and how companies earn money in each market. You will also learn about the basic concepts of Game Theory.
Check my next blog post if you want to know about breath and elective classes. By the way, did I say you can contact Dr. Raffiee, graduate director of MBA for any additional questions?