Course Information
- BUS 502 Quantitative Methods for Decision-Making
- Fall 2019*

Course Description

BUS 502 is a required course in the MBA Curriculum. I have taught this course for five years (three years online) at CSUCI. This course provides an overview of core quantitative skills for effective managerial decision-making. Topics include statistical principles, regression analysis, forecasting, multi-attribute decision-making, benefit-cost analysis, and spreadsheet modeling of businesses cases.

At the end of this course, students will be able to:

use data analysis to describe the demographics and patterns that exist in a market segment,
forecast future events and construct confidence ranges for these estimates,
determine the appropriate decision model app for a variety of situations,
formulate decision problems and generate the required inputs for the app,
interpret the output of decision model apps.

First QLT Objective Showcased

4.1 At the beginning of the course, instructor provides an opportunity to have students self-introduce to develop the sense of community.

Description of QLT Course Design

The Getting to Know You project is assigned the first week of the semester. The students are required to produce a VoiceThread video introducing themselves. This task facilitates communication among classmates and fosters a sense of community. It also provides a helpful tutorial in the use of VoiceThread

Course Example:

Second QLT Objective Showcased

7 The course learning activities help students understand fundamental concepts, and build skills useful outside of the course.

Description of QLT Course Design

Students are required to identify real-world applications of quantitative models in the business community. In BUS 502, we cover eight different quantitative models that can be utilized in forecasting and decision making. Students must use VoiceThread to document the application of three of the eight different models found in their business experience. By citing actual applications of models, students transition from learning basic concepts to connections with real-world problem solving.

Course Example

Instructor Contact Information

wedel@csuci.edu