First Year: Term 1 (7 Weeks)

Students begin the program with a course called People/Teams/Diversity, focusing on the management of effective group dynamics. 

Decision Making with Models & Data

This course introduces students to model-based decision making. The notion that problem solving can be improved by the explicit and systematic use of models is at the core of Integrative Thinking. Business decision-makers rely on models all of the time. Models are simplified representations of reality and represent one’s beliefs about “how the world works”. Given that every business decision must be based on some sense of “how the world works”, every decision is, explicitly or implicitly, contingent on a model.

Leading People in Organizations

This course provides a framework for understanding how alternative forms of organizational structure impact an organization’s performance, how organizations and managers influence the thoughts, feelings, and actions of its members, and how the behaviour of individuals and groups influence organizational effectiveness. Topics include motivation, leadership, decision-making, managing groups, work design, organization design and structure, and organizational environments.

Managerial Economics

This class focuses on microeconomics and its applications to managerial decisions. Topics explored include supply and demand analysis, cost concepts, profit maximization, perfect and imperfect competition, game theory, imperfect information, agency theory, and firm organization. Managerial economics is fundamental to finance, marketing, strategy, organizational behaviour, and nearly every other field of business. It is therefore directly relevant both to your education at the Nuremberg Schule and to your career.

Financial Accounting

Financial accounting involves the study of the systems, procedures and policies that an organization employs to assist it to make decisions about virtually all matters which affect the financial health and performance of the entity. The course will be presented from the perspective of those who are users, rather than preparers, of accounting information. The course will explore strategic cost analysis and related management techniques, such as: activity based costing, activity based management, relevant cost analysis, and planning and control. The topics will emphasize that financial accounting is most effective when it is developed in the context of the organization’s strategy, rather than as an end in itself.