• Welcome!  Applied English Skills (AES) is designed to prepare MAE graduates for what they will do professionally after the program.  The goal is to equip students with skills they can put to immediate use in the kinds of positions they are likely to hold.  By the end of the AES sequence, students will be advanced users of professional English in both technical/academic and business types of speaking and writing.

    Applied English Skills 1:  The objective of the fall semester is to increase students' ability in written English to better perform on high-level tasks associated with professional communication.

    Applied English Skills 2:  The objective of the spring semester is to develop and refine oral fluency and accuracy to improve ability in working collaboratively and delivering the kinds of presentations expected in professional environments.

    Applied English Skills 3:  The objective of the summer semester is to utilize the written and oral skills learned in semesters 1 and 2 to produce a major project.

    The course textbook is:

    Lannon, J. and Gurak, L. (2011).  Technical Communication. Pearson Longman

  • This course of microeconomics is aimed to introduce you to the economic fundamentals that underline working of the market and price formation, profitability, and the distribution of value. Economic fundamentals like costs, market demand, market competition and interaction, and government policies, are critical to strategic pricing decisions, capacity management, new market entry and exit decisions, to name a few. In particular, by the time you absolve this course, you will, among the others, learn how to do several things:

    1. How to identify the costs categories that are relevant for critical business decisions such as pricing, capacity abandonment and exit, and new market entry.  A typical business’s costs fall into numerous categories and mistakes in identifying which of these categories truly matter for the decision at hand can lead to decisions that impair a business’s competitiveness and destroy profitability.

    2. How to construct simple models of how government interventions shape the determination of prices and the distribution of value in competitive markets. Insight about the impact of government intervention can not only make you a more informed consumer of the business and economic press (which can help you in job interviews!), it can help you spot opportunities for using the institutions in the non-market environment of your business to capture additional value or prevent the capture of value at your expense by others.

    3. How the interplay between cost and demand fundamentals determine profit-maximizing pricing decisions in a various market conditions like monopoly, oligopoly and perfectly competitive market. Pricing is one of the most important business decisions and an understanding of the role of economic fundamentals can translate directly into more profitable pricing decisions.

    4. The basics of game theory: how to represent strategic interactions between firms in markets as games and how to determine the outcome of such games through equilibrium analysis. Game theory has become a widely used tool by strategic planners, management consultants, and investment analysts, and the construction of simple games can only force the decision maker or analyst to surface and confront hidden assumptions about competition and competitors.

  • The goal of this course is to provide students with a knowledge of know the elements of statistical inference, namely multivariate statistics and multivariate data analysis methods. Students will understand and be able to perform standard descriptive and inferential data analysis, investigate and test relationship between variables, and specify, use and interpret multivariate models, including regression-type models. The course will also emphasize empirical analysis and focus on the use of data in practice along with the use of available statistical software. An empirical project is an integral part of the course. If possible, economics, financial, and business applications will be chosen during the course to reflect the interests and backgrounds of students.

    Course instructor: Jan Hanousek

    Guest access: MAE Quantitative Methods 1 Fall 2011