Courses tagged with "Taking derivatives" (61)

The purpose of this course is to provide you with a basic understanding of the principles of microeconomics.  At its core, the study of economics deals with the choices and decisions that have to be made in order to manage scarce resources available to us. Microeconomics is the branch of economics that pertains to decisions made at the individual level, i.e. by individual consumers or individual firms, after evaluating resources, costs, and tradeoffs.  When we talk about “the economy,” then, we are referring to the marketplace or system in which these choices interact with one another.  In this course, we will learn how and why these decisions are made and how they affect one another in the economy. Each of the following units has been designed as a building block, where the concepts you learn in one unit will enable you to understand the material you discover in the next.  By the end of this course, you will have a strong grasp on the major issues that face microeconomists, including consumer and p…

Welcome to PRDV103: Interviewing Skills.  This course is the third in a series of four courses included in the Job Search Skills Program that also includes Job Search Skills, Resume Writing, and Professional Etiquette.  The Interviewing Skills course is intended to help you showcase your personality, strengths, interests, and abilities to potential employers.  At this stage of your career exploration, you will have researched and targeted appropriate jobs and have marketed yourself to these employers with an attention-getting resume.  If you have not already done so and feel you would benefit from more information about how to conduct a successful job search, or how to formulate a resume that gets you that interview, please explore the other exciting courses in this track.

Though accounting may seem like a dense and complex subject, this course is designed to present the accounting cycle in an accessible and logical manner.  This course will provide you with a solid understanding of basic accounting principles and will introduce you to financial statement analysis.  Please note that this course is the first of two courses on the principles of accounting and that each of these two courses is divided into 10 units.  Each unit should take approximately three hours to complete and should be completed sequentially for the most logical progression of information.  As you work through these units, you will encounter a range of examples and problem sets geared towards providing you with practical applications of the lessons you learn.  By the end of this course, you will able to create accurate and appropriate financial statements to convey a company’s financial health. This course begins with an introduction to financial accounting and the various ways in which financial stat…

Today, the management of information systems is mostly associated with databases, the Internet, and server rooms.  However, “information management” has been around since before the invention of these tools.  It is as old as commerce itself, as traders, bankers, and merchants have always had reason to track sales and inventory.  Creditors must be aware of how much capital has been lent to borrowers and how much money has been deposited at banks.  Long before humans harnessed electricity, there was a need for information systems.  But currently almost all management of information systems is done electronically. Management Information Systems (MIS) is a formal discipline within business education that bridges the gap between computer science and the well-known business disciplines of finance, marketing, and management.  However, most students will only take one or two MIS courses in their undergraduate programs. You may not know it, but you use MIS every day.  If you use email, you are using MIS…

Are you getting ready to apply for a job, or are you already seeking employment?  A resume (or résumé) is a brief written account of personal, educational, and professional qualifications and experience that you prepare as part of your application materials for a prospective job.  To ensure that your resume is read by the recipient, you will need a cover letter that markets your unique qualifications for the specified job description.  In the current global economy, it is essential for job seekers to optimize their chances of being considered and hired for positions that are well-suited to their qualifications and interests.  This course will help you effectively develop employment application materials for today’s job market by honing your resume writing skills, providing you with tools to create an impressive resume (or to improve the one you already have), and giving suggestions on developing an effective cover letter.  You will study different types of resume and cover letter formats…

Management refers to the organization and coordination of work to produce a desired result. A manager is a person who practices management by working with and through people in order to accomplish his or her organization’s goals. When you think of the term manager, you may be imagining your supervisor as he or she hires and terminates employees and makes major decisions above your authority. However, although you may not view yourself in this way, you yourself may also be a manager. In fact, many of us practice management skills in the workplace every day. You may have a team of employees that you manage, or lead a project that requires management strategy, or demonstrate leadership qualities among your peers. These are all scenarios that require you to apply the principles of management. In this course, you will learn to recognize the characteristics of proper management by identifying what successful managers do and how they do it. Understanding how managers work is just as beneficial for the subordinate…

The Business Administration major is designed to prepare you for a leadership role in today’s highly competitive, global business environment.  This elective course will allow you to incorporate risk management principles into your individual management style.  Risk management refers to the process of identifying, assessing, and prioritizing risks.  This course will teach you how to accurately assess the consequences of uncertain events; the ultimate goal for risk managers is to reduce and control the likelihood of such occurrences.  Personal attitudes toward risk vary widely (for example, attitudes can range from risk-averse to risk-seeking).  You are advised to approach this course from the perspective of a business manager (i.e., as a decision maker). Unforeseen circumstances can occur in various contexts, including natural disaster, collapses in financial markets, and accidents.  As a business manager, you will need to use risk management tools to minimize and control the probability and impact…

This course is designed to provide you with a simple and straightforward introduction to econometrics.  Econometrics is an application of statistical procedures to the testing of hypotheses about economic relationships and to the estimation of parameters.  Regression analysis is the primary procedure commonly used by researchers and managers whether their employments are within the goods or the resources market and/or within the agriculture, the manufacturing, the services, or the information sectors of an economy. Completion of this course in econometrics will help you progress from a student of economics to a practitioner of economics.  By completing this course, you will gain an overview of econometrics, develop your ability to think like an economist, hone your skills building and testing models of consumer and producer behavior, and synthesize the results you find through analyses of data pertaining to market-based economic systems.  In essence, professional economists conduct studies that combine…

This course is the first in a series of four courses under the Job Search “umbrella” that include Job Search Skills, Resume Writing, Interview Skills, and Professional Etiquette.  The Job Search Skills course is intended to give you a solid beginning to this exciting time of self-exploration with finding a job.  Whether you are seeking your first job, wish to take the next step in your existing career, or desire to begin a new career, you will obtain the necessary information about yourself to turn this desire into a successful job search.  If, for example, you think of yourself as a product that you are trying to market to potential employers, you will realize that you can only be successful if you know the product thoroughly and how this product can meet the needs of the consumer (the employer).  This course will guide you to information on how to target jobs and/or careers that are desirable and realistic for you and that fill a need for employers in today’s challenging job market.

The introduction of Business Communication for Success, the textbook used throughout this course, notes that “[E]ffective communication takes preparation, practice, and persistence.  There are many ways to learn communication skills; the school of experience, or ‘hard knocks,’ is one of them.  But in the business environment, a ‘knock’ (or lesson learned) may come at the expense of your credibility through a blown presentation to a client.” Effective communication skills are a prerequisite for succeeding in business.  Communication tools and activities connect people within and beyond the organization in order to establish the business’s place in the corporate community and the social community, and as a result, that communication needs to be consistent, effective, and customized for the business to prosper.  Business Communication for Success provides theories and practical information that represent the heart of this course, while additional resources are included to expand or pose altern…

Economics is traditionally divided into two parts: microeconomics and macroeconomics.  The purpose of this course is to provide you with a fundamental understanding of the principles of macroeconomics.  Macroeconomists study how a country’s economy works and try to determine the best choices to improve the overall wellbeing of a nation.  Typical topics include inflation (the overall level of prices), employment, fiscal policy (government taxing and spending), and money and banking (interest rates and lending policies).  Individuals and firms need to consider how macroeconomic events will affect their own prosperity.  To better define macroeconomics, consider its distinction from microeconomics.  Imagine you are attempting to figure out how the price of a certain good (say, bread) has been determined.  Microeconomics would focus on how the supply of and the demand for bread determine its prices.  It would examine factors like the input prices and the consumer's demand in order to determine the curren…

What images come to mind when you think of the term professional?  Do you picture an executive in a fancy suit strutting into a boardroom?  Or, perhaps you envision a supervisor walking among cubicles and issuing orders to employees.  While it is true that professionalism encompasses how we present ourselves outwardly, the meaning of the term goes far beyond appearances.  Professionalism also encompasses inward characteristics and attitudes that affect how others in the workplace perceive us.  The professional world can be full of challenging situations, including conflicting personalities, miscommunication, and cultural differences.  In this course, you will learn about typical workplace etiquette protocols, communication standards, and cultural awareness strategies in order to navigate these common obstacles as smoothly as possible. By this point in Saylor’s Job Search Skills courses in the Professional Development Program, you have started the process of honing your professional image by producin…

This course provides students with a comprehensive introduction to computers. Students will explore a variety of topics in computing, such as the following: the components of a computer, common computer terminology, an introduction to the Internet, computer security and privacy, computer troubleshooting techniques, and steps to maintain the life of your computer. Through readings and videos, students will learn how to fully understand the basics of computer technology.

There is no shortage of quotes in which inspirational business leaders describe the sources of their success. Their reasons are often diverse, but almost everyone comes back to the same thing: people. The people are the company; they create the success. In BUS301: Managing Human Capital, you learned how to find, train, and manage these people. Please keep in mind that there is more to successful business leadership than managing human capital. You must have a suitable structure and culture at your firm in order to achieve success. Imagine the U.S. military; it boasts some of the best-trained soldiers in human history, but that talent would be wasted without a structure designed to appropriately deploy forces. In other words, the military would not be as successful without streamlined organizational behavior. Organizational behavior (OB) is the study of how people interact in organizations. These interactions are governed by a number of factors, including your personal life, the personality of your boss or you…

There is no shortage of quotes in which inspirational business leaders describe the sources of their success. Their reasons are often diverse, but almost everyone comes back to the same thing: people. The people are the company; they create the success. In BUS301: Managing Human Capital, you learned how to find, train, and manage these people. Please keep in mind that there is more to successful business leadership than managing human capital. You must have a suitable structure and culture at your firm in order to achieve success. Imagine the U.S. military; it boasts some of the best-trained soldiers in human history, but that talent would be wasted without a structure designed to appropriately deploy forces. In other words, the military would not be as successful without streamlined organizational behavior. Organizational behavior (OB) is the study of how people interact in organizations. These interactions are governed by a number of factors, including your personal life, the personality of your boss or you…

Negotiation refers to the process of interacting in order to advance individual interests through joint action.  Contrary to what you might think, negotiations are not confined to the professional world; we often negotiate in our personal lives.  The principles that guide successful negotiations in world politics are equally important in the business world as well as our personal lives.  In fact, almost every transaction with another individual involves negotiation.  As you will learn in this course, negotiation, conflict resolution, and relationship management are complex processes.  Successful practitioners possess and apply a blend of perceptual, persuasive, analytical, and interpersonal skills that you will examine carefully in this course. In the ever-changing environment of modern business, firms start and grow by virtue of successful negotiations and by developing long-term relationships among two, three, or more parties involved, either directly or indirectly, in various business processes.  B…

Accounting can be considered the language of business. If you are learning accounting for the first time, embracing its foundational concepts may be a challenging process. Mastery of accounting primarily rests in your ability to critically think through and synthesize the information as it applies to a given situation. You should approach the learning of accounting the same way you would approach learning a foreign language; It will take time and practice to ensure you remember the concepts. There are a number of sub-disciplines that fall under the umbrella of “accounting,” but in this course, we will be focused on financial accounting. Accounting as a business discipline can be viewed as a system of compiled data. The word data should not be confused with “information.” In terms of accounting, “data” should be viewed as the raw transactions or business activity that happens within any business entity. For example: Someone uses $30,000 of their savings to start a business. The use of these f…

Economics is traditionally divided into two parts: microeconomics and macroeconomics.  The purpose of this course is to provide you with a fundamental understanding of the principles of macroeconomics.  Macroeconomists study how a country’s economy works and try to determine the best choices to improve the overall wellbeing of a nation.  Typical topics include inflation (the overall level of prices), employment, fiscal policy (government taxing and spending), and money and banking (interest rates and lending policies).  Individuals and firms need to consider how macroeconomic events will affect their own prosperity.  To better define macroeconomics, consider its distinction from microeconomics.  Imagine you are attempting to figure out how the price of a certain good has been determined.  Microeconomics would focus on how supply and demand determine prices, while macroeconomics would study the determination of prices at all levels.  To test particular policies and ideas, or to find out the causes of…

With the expansion of law and the legal process into so many areas of everyday life, the responsibilities of the legal profession have expanded to meet new challenges.  For example, the advent of the Internet since the early 1990s has raised a multitude of new legal issues related to various areas of intellectual property, including copyright, patent law, and trademark law.  In recognition of the fact that many law-related responsibilities can be handled by well-educated and trained non-lawyers, the legal profession has increasingly come to depend on the assistance of paralegals.  Paralegals perform key functions within a law office from drafting legal documents to investigating cases and interviewing witnesses.  While they are no replacement for lawyers, paralegals have become recognized as key components of a well-functioning legal office. This course will introduce you to the basic knowledge and skills required of paralegals.  You will familiarize yourself with basics of the American legal system, a…

This course will provide you with an analytical framework for the study of international trade.  Historically, international trade has played a critical role in enabling countries to grow, develop, and become economically powerful.  Through international trade in goods and services, the economies of different countries are more closely linked to one another now than ever before.  At the same time, the world economy is more turbulent now than it has been in decades.  Keeping up with the shifting international environment has become a central concern in business strategy and national economic policy.  This course uses the same fundamental methods of analysis deployed in other branches of economics, as the motives and behavior of individuals and firms remain the same whether they are in the context of international trade or domestic transactions.  You will learn, however, that international trade introduces an entirely new and different set of concerns as well. This course will cover a broad array of rel…