Using commercial spreadsheets, this course explores practical approaches to business modeling, emphasizing the needs of financial, retail, wholesale, service, publishing, or software concerns ranging in size from start-ups to global enterprises. Students learn to model costs, revenue, cash flow, plant and equipment requirements, and employee costs and productivity. In a term project of their design, students develop a business model and use it to study how a business responds to change. To simulate the workplace environment, students are encouraged, but not required, to work assignments and term projects in teams.
Prerequisite: experience with spreadsheets. (4 credits)