Chicago Booth Adds New MBA Classes

The Analytics of Financial Crises is one of the new courses to be offered to MBA students by the University of Chicago Booth School of Business during the 2009-10 academic year beginning September 24, the school announced earlier this week.

A second new course, The Firm and the Non-Market Environment, will examine business lobbying, regulation, environmental issues, corporate social responsibility and other topics.

Other new courses include Introductory Finance, a hybrid finance class covering both corporate finance and investments that will allow all the standard corporate finance and investment classes to be taken up a notch in difficulty, according to the school.

Also new this year are: Business, Politics, and Ethics; Advanced Microeconomic Theory; and Game Theory.

  • The class on financial crises is an advanced course that uses the tools of corporate finance to analyze financial crises. Much of the material will pertain to the most recent global crisis, but the class will also study past crises.
  • The class dealing with the non-market environment facing firms will help students develop the best strategies for dealing with the political, legal and civil contexts in which firms operate. The cases to be discussed are set in both international and U.S. environments.
  • The course on business, politics, and ethics pushes students to deal with business decisions and practices that raise ethical questions, subject companies to negative publicity or political pressure, or raise other issues related to corporate social responsibility. The goal is for students to get better at analyzing business situations that raise moral dilemmas or appear to call for unpopular actions.

In addition to the new courses, previously announced curriculum changes took effect during the summer quarter for all new students.

These curriculum changes at Chicago Booth add flexibility to an MBA program already known for allowing students wide latitude in course selection, the school contends. Graduation requirements for students in the full-time MBA program remain unchanged and include nine required courses, 11 electives and a leadership course, however more approved substitute classes have been added to satisfy the nine required courses.

The changes now make it easier for students to navigate course work within their chosen careers, not just toward completing concentrations in areas of interest.

Chicago Booth also added a new academic concentration in analytical management and required all students in the evening MBA program and weekend MBA program to take a leadership development course similar to one required of full-time students.

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