Dr. Vera Adamchik
Associate Professor of Economics and Quantitative Methods
"One thing I would like to point out to those considering an online course: Do not think because it is an online course that it is going to be easy. So be prepared to study! Be completely committed and focused."
Ph.D. in Business and Economics – Lehigh University, 1999
In which online MBA programs do you teach?
Which classes do you teach online?
Economics for Managers; Statistics and Research Methods
What types of projects can students expect in your online courses?
Both online courses are almost exclusively focused on the self-directed learner and hands-on applications of learning tools and methods. The courses utilize the Cengage MindTap® learning platform that takes students from learning basic economic or statistical concepts to actively engaging in critical thinking applications. In MindTap students can choose from a lot of different ways to learn. Students can choose to study by reading, listening or watching, or by doing activities and receiving feedback. Students can choose which topics to explore more fully and which activities to complete based on personal interests and needs. By seamlessly integrating course material with numerous learning activities, MindTap creates a unique learning path that fosters increased comprehension and efficiency of material and helps students build critical-thinking and analytic skills that will carry over to their professional lives.
What should students take away from your classes? What do they learn?
The purpose of the Economics for Managers course is to teach the basic operations of the U.S. economy to students who will take a one-term economics course. The course focuses on the most important tools in economics and applies those concepts to clearly explain real-world economic issues and events. The purpose of the Statistics and Research Methods course is to give students a conceptual introduction to the field of statistics and its many applications. Although the course is applications oriented (Excel), it also provides sound methodological development and uses notation that is generally accepted for the topic being covered. Hence, students will find that this course provides good preparation for the study of more advanced statistical material.
What is the value of an MBA? What are some of the skills students gain in this program?
In the Economics for Managers course, students will learn the core principles of microeconomics and macroeconomics. In the microeconomics part of the course, students will learn about the logic of economic analysis, the role of demand and supply in determining prices in competitive markets versus monopolistic markets, how markets operate, and government policies to control markets. In the macroeconomics part of the course, students will learn about the three major macroeconomic indicators (national output, employment and the price level), their measurements and determinants, and how fiscal and monetary policies influence the economy.
In the Statistics and Research Methods course, students will learn how to organize, summarize and analyze data by using tabular, graphical and numerical approaches; how to select a sample from a population using different sampling methods; how to make statistical inferences about population parameters using different statistical techniques, such as, point estimation, interval estimation and hypothesis testing; how to perform regression analysis and interpret its results; and how to use different Excel tools and applications.
What advice would you give to those considering an online MBA program?
One thing I would like to point out to those considering an online course: Do not think because it is an online course that it is going to be easy. So be prepared to study! Be completely committed and focused.