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Managerial Decision Making (MSIN0031)

Key information

Faculty
Faculty of Engineering Sciences
Teaching department
UCL School of Management
Credit value
15
Restrictions
MSIN0031 is only available to 3rd year BSc/MSci Information Management for Business students.

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 2020/21 academic year

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

Teaching and assessment

Mode of study
Face-to-face
Methods of assessment
50% Unseen Examination (2 Hours)
25% Essay (1000 words)
25% Essay (1000 words)
Mark scheme
Numeric Marks

Other information

Number of students on module in previous year
149
Module leader
Dr Verena Krause
Who to contact for more information
mgmt-undergraduate@ucl.ac.uk

Last updated

This module description was last updated on 5th March 2020.