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[ Business & Economics ]
Course Offerings
2009–2010
One unit of course credit equals four semester hours.
Business Courses
Economics Courses
Business Courses
BUS 230 Principles of Marketing
A study of the functional aspects of marketing, the operations of our marketing systems, and methods by which marketing decisions are made. Emphasis on strategy development through the application of sound marketing principles. Prerequisite: sophomore standing or consent of instructor. Fall Term, Spring Term.
BUS 250 Management Theory and Practice
This course combines a survey of the foundations of management theory and practice with a strong experiential component and an emphasis on skills development. Students will work on both written and oral expression and creative thinking as well as team skills and team development issues. The class is highly interactive. Subjects include planning, motivation, leadership, communication, decision making and problem solving, ethics, groups and teams, organizational change and politics. Prerequisite: sophomore standing. Fall Term, Spring Term.
BUS 261 Financial Accounting
Principles of accounting theory and practice involving the study of the accounting cycle, and preparation and analysis of financial statements. Prerequisite: competency by placement test at the MTH 111 level. Fall Term, Spring Term.
BUS 262 Management Accounting
A study of the use of accounting as a basis for intelligent business decisions in planning and control. The mechanics and details of accumulating data are de-emphasized and the application stressed. Prerequisite: MTH 151 or 162, BUS 261 or consent of instructor. Fall Term, Spring Term.
BUS 263 Accounting and Financial Management for Non-Business Majors
A study of the basic concepts of accounting and financial management and their applications to business processes, business analysis, and business decisions. This course is not open to majors in business. It is open to students desiring to minor in business administration. Fall Term, Spring Term.
BUS 271 Introduction to Global Business
This course is designed to provide a basic understanding of the various facets of international business. Starting with basic trade theories, it covers the mechanics of the foreign exchange market, international finance and accounting, marketing, cultural differences, and management strategy under the international environment, organizational structure and practices of the multinational company, and international institutional arrangements. The course is taught from the state-of-the-art perspective with discussions on current economic and business problems. Fall Term, Spring Term.
BUS 301 Introduction to Logistics and Supply Chain Management
This course provides an introduction to the planning and execution of all activities involved the upstream and downstream aspects of a firm’s supply chain. Upstream activities include, but are not limited to, sourcing and procurement, capacity planning, production operations, and related logistics activities. Downstream activities include, but are not limited to, distribution, transportation, product delivery and customer service, and demand forecasting. The emphasis is on the collaboration and coordination with all players in a firm’s supply chain. Special emphasis is placed on the functional areas of logistics such as customer service, transportation, inventory control, warehousing and packaging. Fall Term, Evening; Spring Term, Day.
BUS 302 Supply Chain Management I-Purchasing, Inventory Planning, and Upstream Supply Chain Management
This course provides a survey of the principal processes in the upstream operations of an organization and their interfaces to each other and to other processes. In the area of purchasing the course covers the fundamentals of sourcing, procurement, inbound logistics including warehousing and transportation, and supplier management. Inventory management, production planning and scheduling of operations, material handling, quality assurance, safety, and related topics are key elements of this course. Prerequisite: BUS 301. Fall Term, Evening.
BUS 303 Supply Chain Management II-Manufacturing, Distribution, and Downstream Supply Chain Management
This course provides planning and analysis of the principal processes in the downstream operations of an organization and their interfaces to each other and to other business processes. Sales and operations planning processes including demand forecasting methods and how these drive production planning and procurement, manufacturing operational decisions including outsourcing, warehousing and distribution of products including logistics and transportation, product delivery and customer service, and reverse logistics are key topics in this course. Prerequisite: BUS 301. Spring Term, Evening.
BUS 331 Sales
Basic concepts, processes, and techniques of selling including customer analysis, effective communication, handling objections, and developing customer satisfaction. Preparation of actual sales presentations by each student. Emphasis is on business-to-business selling. Prerequisite: BUS 230. Fall Term, Day; Spring Term, Evening; Summer Term, Day.
BUS 332 Retailing Management
A study of types of retail institutions, organizations, store location, buying and merchandising techniques, advertising and sales promotion, and inventory control. Prerequisite: BUS 230. Fall Term, Day; Spring Term, Evening.
BUS 334 Advertising
Social, economic, and legal aspects of advertising. Emphasis on advertising as a communications tool with practical applications of theory to specific problems. Strategy and tactics of management decision making regarding advertising, with a focus on the mass selling techniques relative to campaign development, including evaluation of effectiveness. Prerequisite: BUS 230. Spring Term, Day; Fall Term, Evening.
BUS 335 Consumer Behavior
The analysis and interpretation of consumer buying behavior, stressing the contributions of psychology, economics, and sociocultural influences. Contemporary models of consumer behavior are studied, emphasizing the relationship of behavioral science theory to marketing management decision making. Prerequisite: BUS 230. Fall Term, Evening; Spring Term, Day.
BUS 336 Marketing Research
A study of research methods and the collection and use of internal and external information for analysis and decision making in marketing problems. Prerequisites: BUS 230 and MTH 345. Spring Term, Evening.
BUS 340 Business Finance
Principles underlying the financial management of a business enterprise. Among the topics discussed are financial analysis and planning, working capital management, and basic capital budgeting. Prerequisites: BUS 261 and 262, ECO 210 and 211, MTH 151 or 162 and 345; Proficiency in spreadsheet software required; junior standing or consent of instructor. Fall Term; Spring Term; Summer Term, Evening.
BUS 350 Cultural Diversity on Organizations
This course examines the nature and role of culture and diversity in the workplace, ways to manage diversity in the workplace, the implications of diversity for business operations, and understanding of differences in light of the globalization of the world’s economy. Prerequisite: sophomore standing or consent of instructor. Fall Term, Evening; Spring Term, Day; Summer Term.
BUS 352 Entrepreneurship
Entrepreneurship offers students a broad overview of entrepreneurship from a historical and current perspective. Students will learn about important tools and develop skills necessary to create and grow a new business. Students will create a new venture business plan, consider ways to finance the new venture, and establish a plan for growth. Upon completion of the course students will have gained general knowledge of new business development. No prerequisite. Open to all students. Fall Term, Day; Spring Term, Evening.
BUS 354 Human Resource Management
Examines human resource policies including staffing, training, job analysis and evaluation, compensation, employee development, union relations, and government requirements. Prerequisite: BUS 250. Fall Term, Day, Evening.
BUS 355 Negotiations: Theory and Practice
This course examines the structure, process, and nature of negotiations through experiential methods to (1) develop an understanding of negotiation models, strategies, conflict resolution, communications styles, situational analysis, and elements of power and influence; and to (2) develop negotiation skills. Prerequisite: junior or senior standing or consent of instructor. Fall Term, Day; Spring Term, Saturday.
BUS 356 Operations Management
Operations management covers the broad range of activities performed in the production of a good or service. It covers scheduling, forecasting, inventory control, purchasing, quality control, work measurement, methods improvement, layout, material handling, safety, facilities planning, operations strategy, and project management. The course examines the management of the functional area in the organization that either produces a product or provides a service. Since most employees of an organization are in the operations area, the course includes discussion of ways to develop and coach employees to achieve their best results. Prerequisite: BUS 250 or consent of instructor.
BUS 360 Cost Accounting
This course addresses the financial, non-financial and ethical dimensions of managerial decision-making. Topics include cost behavior, cost-volume-profit analysis, cost systems, budgeting and control and activity-based costing. Emphasis is on the interpretation and use of accounting information rather than its creation and accumulation. Prerequisites: BUS 261, 262, MTH 162. Fall Term, Day, Spring Term, Evening.
BUS 361 Intermediate Accounting I
Theory and analysis of valuation applied to assets and current and noncurrent liabilities of the balance sheet, and to the related revenue and expenses for income determination. Prerequisite: BUS 261 and 262. Fall Term, Day; Spring Term, Evening.
BUS 362 Intermediate Accounting II
Theory and analysis of valuation applied to corporate equity accounts and to the related revenue and expenses for income determination. Study of income tax allocation, leases, and cash flow statement. Prerequisite: BUS 361. Fall Term, Evening; Spring Term, Day.
BUS 365 Business Law
Legal problems confronting people in their relationships with the business world. Subjects include contracts, agency, employment, negotiable instruments, real and personal property, bailments, and sales. Prerequisite: junior standing. Fall Term, Evening; Spring Term, Day.
BUS 366 Accounting Information Systems
The use of information technology will be studied as an enabler of organization activities and objectives, rather than as the major focus of study. Topics covered include the role and purpose of accounting information systems in an organization; the evolution of accounting information system architecture; understanding business processes, organization risk, and controls; and understanding specific business processes including the sales/collection process, the acquisition/payment process, the payroll process, and the financing process. Prerequisites: BUS 261 and 262. Fall Term, Evening; Spring Term, Day.
BUS 375 International Marketing
This course focuses on aspects of marketing in the world of international business. Different market and distribution systems in various countries are explored as well as the social and economic factors in international markets. Analysis are made of the organization of trade channels in various cultures, of typical government policies toward international trade in countries at different stages of development, and of international marketing research and advertising. Prerequisites: BUS 230, 250, 271. Fall Term, Evening.
BUS 376 International Finance
With the rapid globalization of the world economy, the managers of a firm have to understand that their decisions will be greatly influenced by variables such as exchange rate policies, trade policies, international accounting standards, etc. The goal of this course is to help students understand how the managers of a firm function in this increasingly uncertain environment. This course will focus on four main areas of international finance and accounting: 1) exchange rate risk management, 2) international finance decisions, 3) international accounting standards, and 4) accounting for international transactions. Prerequisites: ECO 210, 211. Prerequisite or corequisite: BUS 340. Spring Term, Evening.
BUS 402 Global Business Process Management
This course provides approaches to modifying, restructuring, or re-engineering existing business processes and developing new processes to improve business performance. Key topics include: process mapping, process measurement, creating and managing global process redesign teams, evaluating and managing business process outsourcing, project management, and reporting to executive management for decision-making. Hands-on experience with software and other tools will be an integral part of the course. Prerequisite: BUS 250 and BUS 271. Spring Term. Evening.
BUS 430 Marketing Problems
A capstone course stressing the application of decision-making approaches in marketing management. Cases are used in studying problems encountered in planning, executing, and controlling marketing strategy. Topics include analysis of buyer behavior, advertising and sales promotion, pricing, channel selection, and product policies. Prerequisites: major in marketing and senior standing. Fall Term, Evening; Spring Term, Day.
BUS 440 Personal Investment Management
This course is designed to help students gain a better understanding of the basic theories, instruments, environments, and practical techniques associated with personal investment. Upon completion of this course, students will be better prepared to make sound personal investment decisions. Prerequisite: Junior or senior standing. Fall Term, Even Years, Day; Odd Years, Evening.
BUS 441 Corporate Finance
This course is designed to examine the ways financial managers make their decisions at the corporate level. The course will focus on studying the decision-making process regarding cost of capital, capital budgeting, cash flow analysis, capital structure, and other financial decisions. Prerequisite: BUS 340. Fall Term, Evening; Spring Term, Day.
BUS 442 Investment Theory and Portfolio Management
This course is designed to study a number of theories that formed the foundation of sound investment decisions. The course will focus on the portfolio theory, various asset pricing models (such as CAPM and APT), and the efficient market hypothesis. In addition, the course will also look at several issues related to portfolio management. Issues such as bond portfolio management strategies, equity portfolio management strategies, and the evaluation of portfolio performance. Prerequisite or corequisite: BUS 340; recommended BUS 440. Fall Term, Day; Spring Term, Evening.
BUS 444 Financial Institutions
A study of management of financial institutions, their regulations, investment practices, and risk levels. Primary focus is on depository financial institutions. Prerequisite: BUS 340; recommended ECO 410. Fall Term, Evening; Spring Term, Day.
BUS 453 Organization Behavior
Course explores human behavior in organizations, using a “micro” level focus to investigate issues affecting individual behavior, interpersonal relations, groups, and organizations. Students work in a variety of small groups and participate in experiential learning designs. Prerequisites: BUS 250; SOC 315 recommended. Fall Term, Evening; Spring Term, Day.
BUS 454 Leadership
An examination of various leadership, managerial, and administrative concepts and philosophies. The course places emphasis on the development of attitudes and values appropriate to professional management. The course uses an action learning approach to integrate the various theories and concepts presented. Prerequisites: BUS 250, SOC 315, or consent of instructor. Spring Term.
BUS 456 Strategic Management in the Global Environment
This capstone course focuses on the management of organizations in today’s dynamic global environment. Emphasis is placed on the understanding of business strategy and how it is formulated, implemented and analyzed. Group decision making, case analysis and simulation are integral to the learning process. The class culminates with group presentations based on the utilization of business strategy and its impact across various business functions. Prerequisite: all business core courses. Fall Term, Spring Term, Summer Term, Evening.
BUS 457 Compensation Management
Reviews compensation policies and practices and their relation to organizational effectiveness and employee satisfaction. Job analysis, job evaluation, benefits evaluation, and total compensation packages are studied. Related legislation is reviewed. Prerequisites: BUS 250 and 354. Spring Term.
BUS 462 Income Taxation I
A study of the legal and accounting aspects of the federal tax on incomes. Emphasis is on specific problems through actual preparation of individual, partnership, and corporate returns using current tax forms. Prerequisite: BUS 362 or consent of instructor. Fall Term, Day; Spring Term, Evening.
BUS 463 Income Taxation II
A study of accounting practice and tax law related to the computation and reporting of federal income taxes for corporations, partnerships, fiduciaries, and gift/estates. The course integrates the study of tax theory and includes research-oriented techniques related to the application of tax law. Prerequisite: BUS 462. Spring Term, Evening.
BUS 464 Consolidations
A study of accounting principles pertaining to equity investments with emphasis on consolidation principles and procedures. Accounting for foreign currency transactions and translation of foreign currency financial statements. Prerequisite: BUS 362. Spring Term, Evening.
BUS 465 Governmental, Non-Profit, and Partnership Accounting
A study of the special accounting principles and problems for partnerships, fiduciaries, government, and not-for-profit organizations. Prerequisite: BUS 362. Fall Term, Evening.
BUS 466 Auditing
Auditing theory and procedures for use both in private and public accounting. Emphasis on internal control, generally accepted auditing standards, ethics of professional accounting, practical working techniques, and reports. Prerequisites: BUS 360, 362, and 462. Fall Term, Evening.
BUS 468 Internship
Half, full, or 1.5 course
Provides selected business students with controlled, on-the-job experience with businesses, government agencies, or institutions. May be taken during the regular term with part-time employment of 7 to 13 hours weekly for one-half course credit, 14 to 17 hours weekly for one course credit, 18 to 20 hours weekly for one-and-one-half course credit, or during Summer Term with 36 to 40 hours per week. Applications should be made early in the term preceding registration and are reviewed on the basis of academic grade-point average (2.5 or higher), faculty recommendations, professional progress, and demonstrated interest. Pass/No Pass grading. Prerequisite: Junior or senior standing with a cumulative GPA of 2.5 or higher; approval of the CBE Internship Coordinator. Each term.
BUS 470 Seminar in Special Topics
An opportunity for faculty and students to study topics of current and unique importance which are not contained in the general curriculum. Topics vary on the basis of interest expressed by students and faculty. Depending on the topic, consent of the instructor may be required and grading options will vary. Consult appropriate term course schedules for prerequisites and grading options.
BUS 491 Small Business Institute
Applied small business study with another student under the guidance of a member of the CBE. Studies will examine current issues and problems for small businesses. Actual business clients will be utilized according to availability. Practical training for students to apply and to supplement their academic theory and preparation in addressing real-life business problems.
Prerequisites: major in Center for Business and Economics and junior or senior standing with a cumulative grade-point average of 2.5 or better. Fall Term, Evening.
BUS 492 Independent Study
For senior students who wish to pursue additional study of topics developed in other business courses. The precise format is determined by the nature of the topic, student ability, and the instructor with the approval of the director. A limited number of students are accepted on the basis of academic grade-point average, faculty recommendation, professional progress, and demonstrated interest. Repeatable under special circumstances to a maximum credit of two courses. Prerequisites: major within Center for Business and Economics, senior standing, and consent of the director. Upon request.
BUS 495 Honors Independent Research
Half course
This course affords Honors Program students the opportunity to design and implement a significant research project in the field of business culminating in an appropriate public dissemination of the research methods and findings. This research must build upon previous course work taken within the major or minor, facilitating faculty supervision and guidance. Repeatable for credit. Permission of the faculty supervisor and the Director of the Honors Program required prior to registration. Fall Term, January Term, Spring Term, Summer Term.
BUS 851 Co-Op
Half, full, or 1.5 course
Provides selected business students with controlled, on-the-job experience with businesses, government agencies, or institutions. May be taken during the regular term with part-time employment of 7 to 13 hours weekly for one-half course credit, 14 to 17 hours weekly for one course credit, 18 to 20 hours weekly for one-and-one-half course credit, or during Summer Term with 36 to 40 hours per week. Applications should be made early in the term preceding registration and are reviewed on the basis of academic grade-point average, faculty recommendations, professional progress, and demonstrated interest. Pass/No Pass grading. Prerequisite: approval of the CBE Internship Coordinator. Each term.
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Economics Courses
ECO 210 Introduction to Microeconomics
An introduction to how individuals, firms, and markets interact in determining the allocation of resources with applications of the economic theory of human behavior to current domestic and international topics. No prerequisite. Open to all students. Fall Term, Day, Evening; Spring Term, Day.
ECO 211 Introduction to Macroeconomics
An introduction to national income theory, the process of the creation and control of the money supply, and fiscal and monetary policy. No prerequisite. Open to all students. Fall Term, Day, Evening; Spring Term, Day.
ECO 312 Economics of Labor
Goals and philosophies of labor unions and management, union government, description and analysis of collective bargaining, government policy toward unions and labor law, labor markets, and union impact on wages. Prerequisites: ECO 210 and 211. Spring Term, Day.
ECO 314 International Economics
Gains from an international economy, barriers to international trade, international monetary systems, and analysis of economic problems such as economic development, balance of payment deficits, and regional economic integration. Prerequisites: ECO 210 and 211. Fall Term, Day; Spring Term, Evening.
ECO 316 Comparative Economic Systems
A study of various contemporary economic systems. Models of a capitalist market economy, centrally planned socialism, and market socialism are analyzed. Cases of economic systems such as those of Japan, U.S., China, Russia, and Eastern Europe are studied. The special problems and policies associated with the transition from a planned economy to a market economy are examined. Prerequisites: ECO 210 and 211. Fall Term, Evening.
ECO 410 Money and Banking
The role of commercial banks and the federal reserve system in the creation and control of the money supply; analysis of the relationships between the money supply, level of economic activity, price level, and interest rates; and the role of monetary policy in economic stabilization. Prerequisites: ECO 210 and 211. Fall Term, Day; Spring Term, Evening.
ECO 414 Microeconomics
A study of the role of the pricing of products and productive services in the operation of the economy. Consideration is given to the issues of efficiency, monopoly, inequality, consumer welfare, and an application of economic analysis to a variety of policy issues. Prerequisites: ECO 210, 211 and MTH 151 or MTH 162 or equivalent. Fall Term: Even Years, Day; Odd Years, Evening.
ECO 416 Macroeconomics
Theories of national income determination and its fluctuations, economic stabilization policies, and economic growth. Prerequisites: ECO 210 and 211. Spring Term: Even Years, Day; Odd Years, Evening.
ECO 419 Seminar in Special Topics
A seminar designed to give faculty and advanced students in economics an opportunity to study current theoretical developments, issues, and policies in economics. Specific topics vary with the interests of faculty and students.
ECO 440 Teaching Economics in the Secondary School
An examination of the materials and methods of teaching economics in high school, including preparation of instructional objectives and lesson plans, alternative instructional techniques, evaluation methods, the use of library, Internet, and audio visual resources, and possibilities for classroom observation. Prerequisites or corequisites: major in economics and SEC 410.
ECO 492 Independent Study
Reading and research open to juniors and seniors majoring in economics and other majors who have a background adequate for research on problems with important economic content. Approval of the director of the Center for Business and Economics is required.
ECO 495 Honors Independent Research
Half course
This course affords Honors Program students the opportunity to design and implement a significant research project in the field of economics culminating in an appropriate public dissemination of the research methods and findings. This research must build upon previous course work taken within the major or minor, facilitating faculty supervision and guidance. Repeatable for credit. Permission of the faculty supervisor and the Director of the Honors Program required prior to registration. Fall Term, January Term, Spring Term, Summer Term.
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