This course introduces a set of economic concepts and frameworks that provide a basis for understanding the economics governing business behavior and performance. These include economic perspectives on the origin, nature and organization of the firm, the scale and scope of the firm, the firm’s relationships with customers and suppliers, the evolutionary dynamics of firms and their environments, the role of information and transactions costs, and the relationship between firms and governments.

This course introduces students to the financial accounting environment, financial statements, the accounting cycle, and the theoretical framework of accounting measurement. It studies the financial accounting concepts and theories with an emphasis on both how transactions lead to financial statements (preparer's orientation) and how one can infer transactions given a set of financial statements (user's orientation). The purpose of the course is to provide fundamental theoretical pronouncements of financial accounting and training of comprehensive practical methods of accounting system including demonstration of accounting procedures for full circle of economic activity of a business entity.

Management consulting has long been recognized as a useful professional service that helps managers to analyse and solve practical problems faced by their organizations, improve organizational performance, learn from the experience of other managers and organizations, and seize new business oppor-tunities. Hundreds of thousands of private businesses and public organizations throughout the world have used the services of management consultants, separately or in combination with training, project management, information technology consulting, financial advice, legal advice, audit, engineering consulting and other professional services.