Course Description
A comparison of methods used to evaluate the utility of veterinary practice and procedures with a focus on economic outcomes.
Athena Title
VET ECON
Equivalent Courses
Not open to students with credit in LAMS 6140
Non-Traditional Format
Students will have twenty-three lectures over a fifteen-week semester.
Semester Course Offered
Offered spring
Grading System
A - F (Traditional)
Course Objectives
To develop skill in 1) the evaluation of economic outcomes associated with business/practice management and 2) the evaluation of economic outcomes associated with various clinical modalities.
Topical Outline
1)The foundation for making economic decison factoring considering uncertainity 2)Decision tree analysis 3)Partial budgeting 4)Economic modeling using spreadsheets 5)Sensitivity analysis 6)Cashflow analysis 7)Balance sheets, P &L 8)Accural and cash accounting 9)ROE, ROA, ROI 10) Asset turnover 11) Marginal return 12) Leverage 13) Time value of money including (PV, FV, NPV and NFV) 14) Loan amortization 15) Salary negotiation 16) Setting professional fees