Policy & Management - Carnegie Mellon University

Policy & Management from Carnegie Mellon University is a Campus Bachelor Management and Innovation degree that prepares you for a Business career. The BS in Policy and Management is comprised of four clusters of courses. The Analytical Methods cluster consists of four courses that provide theoretical training and practical experience in using analytical methods for problem solving and decision making. These courses provide systematic methods for dealing with the complexities that make decisions difficult. One complication is risk or uncertainty about the possible consequences of different courses of action. For instance, when businesses decide to market a new product or a government agency decides to initiate a new program, the potential consequences are typically very uncertain. The Policy and Management major prepares students to use systematic procedures for analyzing decisions involving uncertainty and to make them in a way that reflects the decision maker's willingness to accept risk. Another complication in decision making is that a decision maker may be pursuing mutually conflicting objectives. For instance, the goal of reducing air pollution necessarily conflicts with the objective of producing manufactured goods at the lowest possible cost. The Policy and Management major grounds students in a variety of methods for dealing with such goal conflicts. Finally, the major gives students a thorough grounding in the economic analysis of decisions. View more details on Carnegie Mellon University . Ask your questions and apply online for this program or find other related Management and Innovation courses.