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Indiana University Bloomington

LAMP L316 Junior Seminar

LAMP-L316  Junior Seminar (3 credits)

LAMP-L316 is a discussion course that emphasizes the use of quantitative methods and analytic skills in exploring and solving business-related problems.  Topics vary with the instructor and year and include mathematical modeling and operations research, organizational control, and corporate finance.

LAMP-L316 is a CASE N&M distribution course for purposes of a degree from the College of Arts and Sciences.

Students must complete several prerequisite courses before enrolling in LAMP-L316, including ECON-E201 and ECON-E202, BUS-A100 and BUS-A201 (or BUS-A200), BUS-L201, and BUS-K201 or CSCI-A110. 

Analytical Problem Solving, Joseph DiGrazia

Offered Spring 2012

The title of this course reveals the first and most significant component.  “Analytical problem solving” through a wide range of tools, techniques and approaches represents the core of this course.  We will spend well more than half the semester teaching and exploring these analytical tools and demonstrating how they are used to solve some significant problems.  These tools will include basic data analysis, forecasting, optimization and simulation as a starting point.  But that is just the starting point.  As you develop your project solutions, you may discover that you need instruction on other topics.  We have built in the flexibility to give you control over the content—allowing you to master the analytical tools you need to provide the best possible solution for your client.

Real Clients with Real Problems.  Yes, real clients with real problems.  Classroom work is just the beginning.  One of the reasons this class is only offered once a year is that it takes quite a bit of work to identify clients and projects.  These clients come from both private and public sectors and are facing a range of problems.  While you are not an employee or intern for your client, we have no reason to expect or accept anything other than the highest level of professional deportment.

Though all of our clients understand that this is a student project, representing work from only one of several courses being taken during the semester, they also have high expectation about the work you will produce and quite honestly are really looking for help in solving some non-trivial problems.  As in any real-world experience, your clients will assess you in terms of the value of the solutions you provide.

Teamwork and Project Management.  The final unique component of this course is the emphasis placed on teamwork and project management.  In addition to the traditional classroom activities like homework and exams, it is expected that you will form a cohesive, effective team as you begin to solve your client’s problems.  Because there are real world clients involved, effective project management and teamwork is critical to success.  While there are some courses where students can “fake” team work by delegation, covering for slackers, and “creative integration” at the end, it is our experience that this rarely produces results that are useful to real clients.  We will identify and describe some of the project management skills that will improve your odds of success in this aspect of the course.

In short, this class is a synthesis of each of these valuable components.  We believe this design is ideally suited for students who want to prepare for a management career in business or improve the applicability of their quantitative skills.  It will also provide a valuable experience that can enhance a resume or interview, prepare one for future projects or simply contribute to one’s own intellectual growth.

An Intro to Statistical Concepts and Reasoning, Shiri Noy

Offered Spring 2012

Everyday we are bombarded with a constant stream of information from a wide variety of sources, such as television, the Internet, newspapers, and magazines.  Much of the information we receive comes in the form of statistics, often based on informal polls or surveys.  Very often, we are confronted with contradictory claims based on statistical information.  And, although many people are skeptical of statistics, it is not always easy to know when statistics are being misused and when the information presented is accurate.

This course introduces statistical techniques including both descriptive and inferential statistics.  Our goal is to develop our statistical skills so that we can be savvy consumers of statistics and learn to assess and interpret statistical results.  Statistics are used to try to convince us what to buy, who to vote for, and even what to believe.  In this class we will focus on breaking down the numbers and figuring out what they actually say about the social world.  With this goal in mind, we will focus on learning how to do calculations by hand, using a software program for statistical analysis, and looking at examples of statistics as they are presented to us.  At the end of this course, you will possess the skills to not only identify misuse of statistics, but to conduct your own research using statistical techniques.