The University of Virginia Darden School of Business MBA for Executives (EMBA) core courses listed below are delivered in integrated, themed terms. EMBA students are also able to take electives. Accounting for Managers Accounting for Managers provides terminology, frameworks and concepts with which to understand and analyze the financial consequences of business activities. Students gain considerable financial statement, financial analysis and financial management expertise to enhance their decision-making capabilities. Business Ethics Business Ethics encourages students to think deeply about: The nature of businessThe responsibilities of managementHow business and ethics can be put togetherStudents encounter cases without easy answers that raise a range of problems facing managers in the contemporary business environment. Decision Analysis Decision Analysis presents a philosophy for framing, analyzing and proactively managing decisions involving uncertainty. The course focuses on making the uncertainty we face explicit. Students can then objectively analyze it. Tools and techniques to support this objective include: Risk profilesExpected valueSimulationSensitivity analysisDiscounted cash flowsAnalytical probability distributionsData analysisSampling theoryRegression Financial Management and Policies Financial Management and Policies focuses on corporate policy and the tactics that increase the value of the corporation, by stressing how managers interface with the capital markets to learn the return required by the firm's different investors. The required return or cost of capital is used as the key variable to assess whether capital investment proposals can create value for stakeholders. Global Economies and Markets Global Economies and Markets applies the ideas and methodologies of economics to the analysis of the business environment. The course expands students' knowledge of global economies and markets by: Analyzing markets in the global economy and by studying topics including:Competition,Market structureEfficiencyIndustry equilibriumChangeAnalyzing, the performance of national economies by focusing on the economic and political forces that shape:ProductionTrade flowsCapital flowsInterest ratesExchange ratesOther variables that define the global economic landscapeApplying tools of international trade and finance to broaden students' perspectives on how globalization affects the performance and strategies of nations and firms. Leading Organizations Leading Organizations helps students cultivate mindsets and develop practical tools to influence behavior in organizations. Students learn to: Take a global leadership point of viewIdentify critical business challengesUnderstand the drivers of those challengesAct to turn those challenges into opportunities and adopt a global mindset. Management Communication Management Communication provides the guidance and hands-on experience that allow students to communicate more effectively as managers and leaders. The course: Examines communication strategies essential for business successIdentifies individual strengths and goalsAllows students to practice activities that build upon strengthsOffer practice in new approaches Students gain comfort and skill in a personal communication style that is authentic, credible and authoritative. Marketing Marketing provides an introduction to consumer behavior and marketing analytics. Students confront difficult marketing issues faced by companies in the United States and abroad. Using cases, technical notes and a large-scale interactive marketing simulation, the course challenges students to build a set of frameworks for analyzing the wants and needs of potential customers, creating products and services that they value and delivering these products and services to the marketplace at a profit. Operations Management Operations Management conveys both the fundamentals of operations and the understanding that the link between operations and performance is a crucial source of competitive advantage. Managing the underlying processes by which firms create and deliver value is at the heart of the operations function in every line of business, and this course focuses on how to do this well. Strategic Thinking and Action Strategic Thinking and Action develops students' ability to analyze the organizational and external factors essential for crafting and executing a firm's strategy for sustained success. The course draws heavily from the key concepts, frameworks and tools of strategic management. Taking an action orientation, it reinforces and revitalizes the general management perspective as the core mission of the School. Because of increasing global interdependence and an ever-shifting business environment, it emphasizes both the dynamics and the global aspects of strategic management.