Budget concepts and techniques are central to the successful operation of government, nonprofit, and for-profit organizations. This rigorous introductory course aims to demystify the budget process for those who are new to the world of budgeting. It covers the entire budget process, including budget formulation and execution, program development, cost and revenue estimation, budget strategies and tactics, and budget evaluation. The course will include performance-based budgets, variance analysis, activity-based costing, cost accounting, revenue forecasting, capital budgeting, and financial management techniques such as the Balanced Scorecard. The course will use case discussions, problem sets, online tutorials, and individual and group exercises. Students who complete MLD-411M may enroll in MLD-412, the Greater Boston Applied Field Lab, an advanced spring semester course in which students work on challenging urban management and financial projects in the region. Students may also join the MLD-411 alumni program. Prerequisite: Students should be familiar with Microsoft Excel.
Optional Review Session: Friday 11:45am-1:00pm (L140)