The following course descriptions give a sense of the scope and the range of the course offerings at the AUA MBA program. The content of both required and elective courses is reviewed on regular basis and, if and when necessary, revised to reflect changes in both the business world and in academic research. Course offerings, therefore, may vary from year to year, and each instructor may differ in how he or she teaches the topic.
MBA 050 Pre-term Quantitative MethodsÂ
An intensive refresher in the quantitative tools used across business analysis, marketing, operations, and finance — covering growth models, descriptive statistics, probability, hypothesis testing, regression, linear programming, and time value of money. Built primarily around R. May be waived through a placement test.
Number of Credits: 1,5
Prerequisites: None
Course Type: Gatekeeper
MBA 051 Effective CommunicationsÂ
Prepares students for professional oral communication through prepared and impromptu speeches, peer coaching, and lectures. Builds confident, organized public speaking, sharpens critical listening, and develops the ability to give, receive, and apply feedback across communication styles.
Number of Credits: 1,5
Prerequisites: None
Course Type: Gatekeeper
MBA 300Â Business StrategyÂ
An introduction to strategic thinking and the case method. Students examine models for analyzing competitive situations within an industry, the roles of key players, and the stages of strategic decision-making — from defining the problem to selecting and implementing a solution.
Number of Credits: 3
Prerequisites: None
Course Type: Core
MBA 305 Managing People and OrganizationsÂ
An intensive overview of organizational behavior and the challenges facing contemporary managers. Covers individual differences, group behavior, culture, motivation, decision-making, power, and leadership through case analyses, simulations, group exercises, and class discussion.
Number of Credits: 3
Prerequisites: None
Course Type: Core
MBA 320 Data Analysis for Business Decisions Â
This course is an iintroduction to statistical methods for management decision-making — sampling, parametric and nonparametric inference, simple and multiple regression, and forecasting. Students build forecasting models using Excel, SPSS, and Access, applying them to real business and economic problems.
Number of Credits: 3
Prerequisites: MBA 050 or Placement Test
Course Type: Core
MBA 322 Managerial EconomicsÂ
Examines the economic decisions managers make and the market structures they operate within. Covers opportunity and transaction costs, market power, utility, supply and demand, and cost functions, applying them to pricing and vertical integration, with an introduction to information and uncertainty.
Number of Credits: 3
Prerequisites: None
Course Type: Core
MBA 345 Financial AccountingÂ
A foundation course in the theory and practice of accounting, with an emphasis on the principles, concepts, and controls behind financial reporting. Students learn to collect, organize, and communicate accurate financial data for external stakeholders.
Number of Credits: 3
Prerequisites: None
Course Type: Core
MBA 330Â Financial ManagementÂ
Focuses on maximizing shareholder value through sound financial decisions. Covers risk, return, and pricing of financial assets, time value of money, investment decisions, capital markets, cost of capital, and corporate financing.
Number of Credits: 3
Prerequisites: MBA 345 Financial Accounting
Course Type: Core
MBA 360Â Marketing Strategy & ManagementÂ
An introduction to the role of marketing within the firm, applying quantitative methods and behavioral theory to real problems through case studies and presentations. Covers customer analysis, segmentation, market research, distribution, pricing, advertising, and sales force management.
Number of Credits: 3
Prerequisites: None
Course Type: Core
MBA 380Â Operations and Process ManagementÂ
Focuses on the quantitative side of running an enterprise efficiently, for both service and manufacturing settings. Covers planning, process design, facility location and layout, forecasting, scheduling, and quality control.
Number of Credits: 3
Prerequisites: None
Course Type: Core
MBA 317 Leadership
Explores what it means to lead in political and organizational systems facing chaos, conflict, and adaptive challenges. Distinguishes authority from leadership, provides diagnostic tools for why organizations avoid hard problems, and builds skills to mobilize resources and drive progress.
Number of credits: 3
Prerequisites: None
Course Type: MBA Specific Elective
MBA 378 Business Intelligence Tools
Introduces the core concepts of business intelligence — querying and reporting data, working with databases, and building dashboards. Covers leading BI tools, OLAP-based multidimensional analysis, and descriptive and predictive analytics for business performance.
Number of Credits: 3
Prerequisites: Â None
Course Type: MBA Specific Elective
MBA 346 Managerial Accounting and ControlÂ
Covers the process of identifying, measuring, and communicating financial information for management planning and control. Students learn to distinguish relevant from irrelevant costs, perform cost-volume-profit analysis, build income statements, and understand budgeting and standard costing.
Number of Credits: 3
Prerequisites: MBA 345 Financial Accounting
Course Type: MBA Specific Elective
MBA 327 Microfoundations of Competitiveness
Explores what drives national and regional competitiveness from the perspective of firms, clusters, and nations. Through lectures, discussion, and group projects, students analyze productivity and the business environment at multiple levels — local, national, and regional.
Number of Credits: 3
Prerequisites: None
Course Type: MBA Specific Elective
MBA 332Â Corporate FinanceÂ
A comprehensive look at financial decision-making within the corporation — capital budgeting, cost of capital, financial analysis, valuation, and risk management. Through case studies and financial models, students learn to optimize capital structure and create shareholder value while balancing risk and profitability.
Number of Credits: 3
Prerequisites: None
Course Type: College Wide Elective
MBA 385Â Project ManagementÂ
Covers the project management skills essential for managers in any concentration — life cycle models, project selection, monitoring and control, planning under uncertainty, and managing scope, risk, quality, time, and cost. Also addresses commercial project management software and managing multiple, complex projects.
Number of Credits: 3
Prerequisites: None
Course Type: College Wide Elective
MBA 390 Entrepreneurship and InnovationÂ
An integrative practicum on identifying and commercializing new business opportunities, following a venture from idea assessment through growth and exit. Combines lectures, guest speakers, and live new-venture projects, culminating in a business plan presentation for a real opportunity.
Number of Credits: 3
Prerequisites: None
Course Type: College Wide Elective
MBA 369Â Digital MarketingÂ
An introduction to digital marketing within the firm, applying analytical concepts from psychology, economics, and finance to marketing problems through case studies and written and oral presentations
Number of Credits: 3
Prerequisites: None
Course Type: College Wide Elective
MBA 363Â Brand ManagementÂ
Examines what it takes to build and manage a strong brand — from understanding and designing brands to measuring brand usage. Students work individually and in teams to analyze case studies and present findings.
Number of Credits: 3
Prerequisites: None
Course Type: MBA Specific Elective
MSMA 331Â Behavioral Economics for ManagementÂ
Looks at the behavioral side of economic decisions made by managers, employees, and consumers. Covers risk perception, self-control and time inconsistency, social motivations like trust and reciprocity, and common decision-making mistakes, using readings and case studies rather than heavy mathematics.
Number of Credits: 3
Prerequisites: None
Course Type: College Wide Elective
MSMA 383 Analytical Tools for Supply Chain Decisions
Builds the analytical skills needed to manage supply chains and logistics — demand forecasting, inventory management, transportation, network design, and performance measurement. Students apply linear programming, simulation, and optimization, while learning to collaborate with suppliers and customers.
Number of Credits: 3
Prerequisites: None
Course Type: College Wide Elective
MBA Capstone
Integrates concepts from prior coursework through the development of a business model. Student teams work under faculty mentorship on a research project, addressing strategy formulation, competitive advantage, and execution, and present their findings to faculty, peers, and business leaders.
Number of Credits: 3
Prerequisites: All core courses
Course Type: Core
MBA Bundled AI & Digital Architecture
Introduces the strategic role of AI and digital architecture in modern organizations — how data ecosystems, cloud platforms, and AI-enabled systems are designed and managed to create business value. Students evaluate digital transformation initiatives, spot opportunities for AI adoption, and weigh considerations around data governance, cybersecurity, and responsible AI deployment.
Number of Credits: 1
Prerequisites: None
Course Type: Bundled Elective
MBA Bundled Marketing Analytics: Data-Driven Decision-Making
Builds the analytical tools and frameworks for marketing decisions in data-rich environments — customer segmentation, digital metrics, lifetime value, attribution, pricing analytics, and predictive analytics. Through hands-on exercises and case studies, students learn to measure marketing ROI, translate data into insight, and weigh the ethics of AI-driven, data-informed marketing.
Number of Credits: 1
Prerequisites: None
Course Type: Bundled Elective
MBA Bundled Estonia Immersion
A blended global-immersion elective combining on-campus Yerevan sessions with a seven-day on-site program in Tallinn, Estonia, hosted by TalTech. Students engage with Estonia’s e-government model and startup ecosystem, including e-Estonia, Tehnopol, Telliskivi, and scale-ups like Wise and Bolt. Runs in the summer semester; assessed through preparation, participation, and reflective journaling.
Number of Credits: 1
Prerequisites: None
Course Type: Bundled Elective
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