Business and Economics

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BUSINESS ADMINISTRATION AND ECONOMICS
2005-2006 Faculty: Mr. Schweikle, Dr. Biedenweg, Dr. Bell

Requirements for a Business Management Major
EC 200, 202, 242, 319; BA 211, 212, 310, 311, 321, 330, 403, 405, 460; MA 120 or 140; plus two additional courses chosen from 300/400 level Business and Economics courses and PY 295.
TOTAL: 52-53 semester hours

Requirements for an Accounting Major
EC 200, 202, 242, 319; BA 211, 212, 303, 304, 310, 311, 353, 443, 452, 456, 460; MA 120 or 140; plus two additional courses chosen from 300/400 level Business and Economics courses and PY 295
TOTAL: 55-56 semester hours

Requirements for a Marketing Major
EC 200, 202, 242; BA 211, 212, 310, 311, 333, 334, 403, 411, 428, 460; MA 120 or 140; plus two additional courses chosen from 300/400 level Business and Economics courses and PY 295
TOTAL: 52-53 semester hours

Requirements for a Business Administration Minor
BA 211, 212, 310, 311, 330, 405; EC 200 or 202
TOTAL: 21 semester hours

Requirements for an Economics Minor
EC 200, 202, 242, and three additional upper division Economics classes to total 18 hours.
TOTAL: 18 semester hours

Business Courses
211. Financial Accounting (3 hours)
First Semester
Introduction to financial accounting. Basic accounting concepts and practices involved in the preparation, interpretation and use of financial statements. Prerequisites: Concurrent enrollment in MA 120 or 140, sophomore standing, or consent of the instructor.

212. Managerial Accounting (3 hours)
Second Semester
Introduction to managerial accounting, emphasizing the managerial uses of accounting data in decision making, budgets, standard costs, cost-volume-profit analysis, and quantitative techniques. Prerequisite: BA 211.

300. Internship (1-12 hours)
Each Semester
Internships involve working and learning experiences off campus. Each student’s program is developed according to established College guidelines under the sponsorship of a faculty member. See the index under “Internships” for reference to additional information on internship guidelines, or consult the department chair. Prerequisite: Junior standing or above. Not open to any student who is on academic, disciplinary, or Work Program probation.

303. Intermediate Accounting I (3 hours)
First Semester
Theory and preparation of financial statements as well as accounting for monetary, physical, and intangible assets, with emphasis on current problems and professional literature. Prerequisites: BA 211, 212, EC 242.

304. Intermediate Accounting II (3 hours)
Second Semester
Continuation of Intermediate Accounting I. Accounting for long-term liabilities, special problems of income determination, long-term investments, and statement of changes in financial position. Emphasis on current problems and pronouncements in accounting. Prerequisite: BA 303, EC 242.

307. Business Law I (3 hours)
First Semester, alternate years. Offered 2006-2007.
A study of the origins of laws, the court system, and legal procedures with emphasis on their impact in business. In-depth study of torts, criminal law, ethics, property and insurance. Prerequisite: EC 242.

308. Business Law II (3 hours)
Second Semester, alternate years. Offered 2006-2007.
The study of the law relating to business organizations and financing of transactions. Topics include agency, partnerships, corporations, contracts, commercial paper, credit transactions, and debtor-creditor relationships. Prerequisite: EC 242.

310. Organizational Behavior (3 hours)
Each Semester
A focus on situational leadership, identifying leadership styles, follower maturity, and implementation. Prerequisites: BA 211; EC 202, 242.

311. Marketing Practices and Policies (3 hours)
Each Semester
The business activities necessary to affect the transfer in ownership of goods and services, along with the social and economic variables are covered in this course from the marketing manager’s perspective. Prerequisites: BA 212, 310, EC 242.

321. Corporate Finance Practices (3 hours)
First Semester
Study of the concepts of financial management, with emphasis upon the corporation; acquiring capital, financial controls, financial policies and the integration of the financial management function into the total business strategy. Prerequisites: BA 212, EC 202, 242; MA 120 or 140.

330. Human Resource Development (3 hours)
Second Semester
Functions of a personnel program in a business organization, including recruitment and development, understanding and motivating personnel, labor management relations, compensation and benefits, and employee rights. Prerequisite: Junior standing, BA 310 and EC 242 for Business Administration majors; consent of instructor for non-Business Administration majors.

333. Sales Management (3 hours)
First Semester
Studies the management of the firm’s personnel selling efforts. Stresses the selection, motivation, and supervision of sales personnel. Prerequisite: BA 310, 311, EC 242.

334. Retail Management (3 hours)
Second Semester
Role of retailing in the marketing process. The managerial view is taken in the study of retailing, topics of location, layout, promotion, pricing, stock control, buying, and assortment planning. Prerequisite: BA 310, 311, EC 242.

336. Introduction to Advertising (3 hours)
Second Semester, alternate years. Offered 2007-2008.
Survey of the field of advertising and career areas within the field with emphasis on the relationship between marketing and advertising and the media which serve as channels of advertising communication. Prerequisites: sophomore standing. This course is also cross-listed as CO 336. Prerequisite: EC 242.

353. Cost Accounting (3 hours)
First Semester, alternate years. Offered 2006-2007.
Development and use of cost accounting information for planning, control and decision making. Topics include job order cost, process cost, standard cost, cost allocation, responsibility accounting, flexible budgeting, variance analysis, direct costing, transfer pricing, cost-volume-profit analysis, inventory management, and capital budgeting. Prerequisites: BA 211, 212, EC 242.


380. Topics in Business (1-3 hours)
As needed
In depth study of a selected topic in business.

399. Independent Study (1-3 hours)
Each Semester
Independent study of topics in the field of business, selected by the student with the aid and advice of the instructor. Periodic discussion seminars and a concluding written presentation of the material covered by the study will be required. May be repeated up to a total of six semester hours. Prerequisites: Junior standing in business and consent of the instructor.

403. International Business (3 hours)
First Semester
The integration of all business functions into a comprehensive approach to international business strategy. Cultural differences are also emphasized as they are an integral part of international business. Prerequisites: BA 212, 310, 311, 321, EC 242 and Senior standing.

405. Production and Service Operations (3 hours)
First Semester
Examination of global issues facing the responsible executive in the operation of a manufacturing facility or a service organization. Prerequisites: BA 212, 310, EC 242.

411. Marketing Management (3 hours)
First Semester
Planning and implementation of the firm’s marketing program. Identification and analysis of internal and external factors associated with the marketing program. Prerequisite: BA 311, EC 242, Senior Standing, or consent of instructor.

428. Procurement Management (3 hours)
Second Semester
Emphasizes the importance of the purchasing function in efficient business management. Discusses the policy and procedures. Prerequisite: BA 310, 311, 321, EC 242.

443. Federal Income Tax (3 hours)
First Semester, alternate years. Offered 2007-2008.
Practical application of federal income tax provisions for individuals, and corporations under the latest amendments to the Internal Revenue Code. Prerequisites: BA 211, 212, EC 242.

452. Advanced Accounting (3 hours)
Second Semester, alternate years. Offered 2006-2007.
Application of accounting principles and procedures to advanced topics such as partnerships, mergers, consolidations, foreign currency, consignments, and installments. Prerequisite: BA 304 or concurrent enrollment, EC 242.

456. Auditing (3 hours)
Second Semester, alternate years. Offered 2007-2008.
Contemporary approach to the theory and practice of auditing. Introduction to the basic concepts underlying assurance, attestation and auditing services. Practical application of concepts in examination of financial statements. Development of communication and computer skills necessary in an audit. Prerequisite: BA 212, EC 242.

460. Strategic Management/Senior Seminar (3 hours)
Each Semester
A final course for seniors in business. The integration of all business functions into a comprehensive company-wide approach to business strategy, business policy and the role of the firm in society. Prerequisites: BA 212, 310, 311, 321, Senior standing, and EC 242. Fall semester enrollment by permission only.




Economics Courses
110. Fundamentals of Economics (3 hours)
First Semester
An overview of economic theory and economic thought including macroeconomic and microeconomic concepts, comparative economic systems, international trade, and the history of economic thought.

200. Macroeconomic Principles (3 hours)
First Semester
A beginning course in the determination of the level of national income, output, and employment; money, the banking system, fiscal policy, and inflation. Prerequisite: Sophomore standing or consent of instructor. (IAI: S3 901)

202. Microeconomic Principles (3 hours)
Second Semester
A beginning course in the composition and pricing of the national output, the theory of the individual business firm and the distribution of income. Prerequisite: Sophomore standing or consent of instructor. (IAI: S3 902)

242. Business Statistics (3 hours: 2 lectures, 1 lab)
Second Semester
Concepts in statistics including the presentation of data, descriptive statistics, probability, discrete and continuous distributions, sampling distributions, estimation, hypothesis testing, regression analysis, statistical quality control and decision theory. The approach of this class is from a business viewpoint and includes the theory behind statistical concepts and also how to apply these in “real-life” business situations. Utilizes a practical project format in which the emphasis is on interpreting results obtained through a computerized statistical package. Prerequisite: MA 120 or 140, sophomore standing.

319. Money and Banking (3 hours)
First Semester, alternate years. Offered 2007-2008.
Structure, functioning and regulation of the commercial and central banking systems. Monetary theory and policy. Prerequisites: EC 200, 202, 242.

332. Economics of Labor and Collective Bargaining (3 Hours)
Second Semester, alternate years. Offered 2007-2008.
An economic view of labor and the relationship of the worker to the employer, union and society including the development of human capital, wage differentials in different industries and between races and sexes, union strategies, employment contracts and negotiations, government policy and labor law. Prerequisite: EC 202, 242.

399. Independent Study (1-3 hours)
Each Semester
Independent study in a selected field culminating in an oral or written presentation. May be repeated for a total of 6 semester hours. Prerequisites: Junior standing in Economics and consent of the instructor.

428. Economic Development (3 hours)
Second Semester, alternate years. Offered 2006-2007.
Examination of the economic and social theories of growth in underdeveloped countries. Domestic and international development policies. Prerequisites: EC 200, 202, 242 or an adequate background in the Social Sciences.

432. Government, Business and Public Policy (3 hours)
First Semester, alternate years. Offered 2006-2007.
Analysis of economic aspects of government regulation and direction of business enterprise; controls affecting managerial discretion in the determination of pries and other basic business policies. To include government taxation and spending; the logic of different tax policies; the effects of spending programs; public goods and income distribution. Prerequisite: EC 200 or 202, 242.

499. Selected Topics in Economics (2-3 hours)
As Needed
Reading and discussion of current topics of interest from a theoretical or social policy viewpoint. Prerequisite: Consent of the instructor.


Requirements for a Leadership Certificate: See LEADERSHIP