Managerial Decision Making (MSIN0031)

Key information

Faculty: Faculty of Engineering Sciences
Teaching department: 香港六合彩 School of Management
Credit value: 15

Restrictions: MSIN0031 is only available to 3rd year BSc Information Management for Business students.
Timetable

Alternative credit options

There are no alternative credit options available for this module.

Description

This module will cover practically applicable theories of individual and group decision-making with a strong emphasis on experiential learning. Students will learn about the rational decision-making model and why it usually does not work. Then, they will engage in numerous experiential learning exercises that are designed to demonstrate the heuristics and biases that people rely on to help them make quick decisions. Students will experience first-hand that their decisions are often ill-informed and lead to failure. Next, they will learn how factors such as emotions, awareness, uncertainty, risks, creativity and ethics affect their decision-making as well as how to improve their decision-making. The last third of the module will focus on decision-making in groups. Group processes can lead to catastrophic decision making failures and learning how to avoid them will be key in this section of the module.

Module deliveries for 2024/25 academic year

Intended teaching term: Term 1 听听听 Undergraduate (FHEQ Level 6)

Teaching and assessment

Mode of study: In person
Methods of assessment: 100% Coursework
Mark scheme: Numeric Marks

Other information

Number of students on module in previous year: 137
Module leader: Dr Verena Krause
Who to contact for more information: mgmt.imb-admin@ucl.ac.uk

Last updated

This module description was last updated on 19th August 2024.

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Important information

The catalogue has been updated with key information about the modules that will run during the 2024/25 academic session. Current and prospective students can browse through the catalogue to consider possible module choices for the coming year.

Please note,听information in the catalogue is听subject to change as teaching and assessment arrangements for 2024/25 may need to be adjusted in line with the University's Feedback and Assessment principles and operating model.

Centrally managed exam durations will be provided on students' individual exam timetables. Arrangements for locally managed exams and in-class activity will be confirmed by the teaching department for the module.

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