Second, the selection process is not straight forward to a newbie like me. Basically instead of just choosing a class and hoping you get in given your seniority or finding out that a Biology Grad got the last spot in the class you need to graduate, there is a bid system in place. Each student is given 1000 points to bid on classes. Classes that are more popular require a higher bid to get into. Classes that are less popular obviously don't. It ends up that class selection become almost a free market trade in itself. Granted someone who has one semester of school left gets into a class before someone who has two or three semesters left... but still, it's basically an Ebay auction for classes.
No you can't "sell" your leftover points to someone who wants to stack their schedule with power classes. And yes you can bid zero to get in a bid above someone who is not in the school of management.
Doesn't seem to complex does it? Well, I've only gotten started. There is a 40 page powerpoint and 1.5 hour lecture to explain the process and there are still plenty of questions. There are 5 rounds to the class selection process. There are two rounds of bidding, followed by a waitlist round of bidding, followed by a section swap round, followed by the final results. We are currently right in the middle of the processs - round 2 of bidding.
Ultimately, I'm sure it will work out. The system has been tested for years before me and has proven equitable treatment for all those who "play nice".