Traditionally, MFA programs have taken a nod from the fine arts—to speak of the "business" of writing was seen as distasteful at best, and something to be utterly forbidden at worst. The issue is in the news after New York's exposé of James Frey's book-packaging sweatshop—he pays $500 for novels and trawls Manhattan's MFA programs for willing suckers ready to sign this horrific contract. (The second half of clause 4.2 is a real doozy!)
In response, author John Scalzi* has published an open letter to MFA programs and their students which I think is well worth reading. Here at WestConn we do talk about business at least occasionally, and certainly in the "practical" genres, but many programs are still run by the clueless, for the clueless.
This might be something worth discussing at the residency next month.
*Scalzi's an especially interesting figure as his career is basically what WestConn teaches: yes, he writes popular novels and works in television, but he also writes corporate copy as a significant part of his living.