Intersecting Minds: Education, Business and Technology at the North Carolina State Jenkins Graduate School of Management

Starting to Come Together | November 17, 2008

I’m sitting in the library right now, taking a break from studying for our Economics midterm tomorrow. I wanted to take just a minute and say this is a point where our studies are starting to come together. Several weeks ago, I wrote a post about the holistic nature of our education here. The post talked about how we’re looking for the connections within our coursework and how we can apply those in the real world.

I feel like that process is starting to come into sharper focus. In the last few weeks, we’ve spoken a great deal about costing, prices, competition and strategy in three different courses: economics, accounting and M.O.T.

Let me try to illustrate an example. Two weeks ago, we began a conversation in Accounting about the difference between fixed and variable Costs. Later that week, we began a separate conversation in economics about Cost Curves and the relationship between sunk costs, fixed costs, variable costs and marginal costs. The following week we continued down this path in econ, talking about how prices play a role in strategy.

And then we picked this thread up in MOT when we were discussing the criteria firms need to take into account when choosing whether or not to pursue or continue a technology project. What costs are we looking at? What does the present value analysis look like? How does the project fit with our core competencies?

Fascinating questions. It’s nice to see our classes merging into a useful framework for us to use as future managers.

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