The Tepper School of Business is the business school of Carnegie Mellon University. The school offers degrees business research methods cooper pdf the undergraduate through doctoral levels, in addition to executive education programs. 1949 by William Larimer Mellon. 55 million gift from alumnus David Tepper and was renamed the “David A.
Tepper School of Business at Carnegie Mellon”. Simon, Franco Modigliani, Merton Miller, Robert Lucas, Edward Prescott, Finn Kydland, Oliver Williamson, Dale Mortensen, and Lars Peter Hansen. Bach had previously been working at the Federal Reserve during World War II.
Simon, a political scientist who was to direct the undergraduate business program. 6 million grant to found a school of industrial administration, Bach became the first dean, bringing along the entire economics department.
Prior to the founding of the Tepper School, management education typically used the case method approach popularized at the Harvard Business School, based upon examples from successful companies and microeconomic theory. Although the Tepper school did not entirely abandon those traditional models and theories, it has focused on management science, or decision making based on quantitative models and an analytical approach. In the 1950s and 1960s, the Tepper School of Business led the intellectual movement known as the Carnegie School, a freshwater economics approach which emphasized behavioral, decision-making, and quantitative methods. As an example, the school has produced nine Nobel Prize winners in Economics: Robert Lucas, Jr.
Merton Miller, Franco Modigliani, Herbert A. Williamson, Edward Prescott, Finn Kydland, Dale Mortensen, and Lars Peter Hansen. Lucas was awarded the prize for developing and applying the theory of rational expectations, an econometric hypothesis that directly challenged Keynesian orthodoxy.