Prerequisite Course Description
Executives with undergraduate degrees in areas other than business and commerce are required to take following prerequisite courses:
EMBA 101: Essentials of Business Administration
This purpose of this course is to provide students lacking a business background with the basic knowledge needed to understand the business environment and the basic business concepts. The course will introduce students to different economic, administrative and financial concepts related to business organizations.
EMBA 102: Essentials of Accounting
This introductory course is designed to provide the EMBA student lacking a business background with the essential knowledge needed to understand basic accounting concepts and techniques. The early sessions of the course introduces students to the role of accounting in business decisions of management and external users. Later sessions are devoted to the understanding of the process of generating and communicating accounting information. Students will be introduced to different concepts and techniques of measuring accounting information. Emphasis will be placed on the preparation and interpretation of the financial statements of business firms.
EMBA 103: Essentials of Economics
The purpose of this course is to provide students with the basic concepts and principles that help to understand the behavior of individual economic units and how markets operate, which is essential to understanding how an economic system functions. Major topics covered include; nature of economics and economic problem, demand, supply and price elasticity, the theory of consumer behavior, production and cost, profit maximization under alternative market structures, the theory of distribution, and pricing of inputs.