We develop your ability to analyze the economic costs of important decisions within a firm. These decisions include make vs. buy, abandon vs. continue, setting transfer prices, and evaluating employee performance, to name a few. When you leave the course, you will understand key costing concepts such as overhead allocation, activity-based costing, capacity costs, customer profitability, transfer pricing, performance evaluation, and internal controls. We apply a case-based approach to learning. Cases cover both the manufacturing and service sectors. The course is highly recommended for students intending to become management consultants, entrepreneurs, managers (e.g., CEOs, CFOs, product managers), and anyone with an interest in learning how firms make product and service decisions from a cost-analysis perspective.

Business 30000, 33001, 41000 (or 41100) are helpful, but not required. Cannot enroll in BUSN 30001 if BUSN 20101 taken previously. Non-Booth students require faculty permission.

Cases will be available in Canvas. There is no required textbook.

The course is primarily case-based; therefore, class participation is a significant component of the final grade. The final grade is based on class participation, case write-ups, and a final project. The course cannot be taken pass/fail. No auditors. No provisional grades. No early final grades.