Mar 19, 2024  
2015-2016 Undergraduate Catalog 
    
2015-2016 Undergraduate Catalog [ARCHIVED CATALOG]

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ECON 4810 - Quantitative Decision Models

3 Class Hours 0 Laboratory Hours 3 Credit Hours
Prerequisite: Business Majors: Sophomore GPA Requirement and ECON 3300; Non-business Majors: 60 credit hours, ECON 2200, ECON 3300, and permission of the Coles College of Business.
This course focuses on both the theory and application of quantitative models to support decision-making under uncertainty. General topics include basic spreadsheet modeling, general probability distributions and decision making under uncertainty, and risk analysis. Specific topics to be covered include Monte Carlo Simulation, Decision Trees, and Real Options Analysis. A mixture of cases and in-class demonstrations will be used to develop your skill in applying management science approaches to decision making within a business environment.



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