BADM 1010 Business Perspectives–Business Institutions
1 semester hours
This course covers the Choice and Decision Making framework within the context of a free market economy. Students will be exposed to the role of managers in organizations and the basic agency theory. Students will learn the underlying structure of decision making and concepts of incentive and reward systems. Students will be introduced to the business institutions and the career opportunities in each segment of the free market economy. An overview of economic and business crises in recent history and the role of government in dealing with market failure will be briefly explored.
The objectives of this course are:
- To provide business students with a world view of business organizations in a free society;
- To provide a general understanding of the role of management in business, not-for-profit, and governmental organizations;
- To explain the role of competition, risk, and information in the free market setting;
- Discuss the interaction of regulation and businesses in a market economy;
- To understand the individual choice process and role of the individual in a free society.
Required for ALL majors in the College of Business Administration.