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Business Administration and Economics
College of Leadership and Public Service

Business Department Homepage

Business Administration (BUS) and Economics (ECO)
The department of business administration and economics offers programs designed to provide an understanding of economics, business and accounting, and their relationship to life in our society.  The courses give special attention to the problems of managing small organizations, both profit and nonprofit, and to providing students with a practical educational program that emphasizes leadership, innovation and responsible stewardship.  The programs are based on the philosophy that the best way to develop the creative problem-solving skills needed for a career in organizational leadership is to combine solid exposure to a broad liberal arts program with selected technical courses in the area of business and economics.

Students majoring in business-related programs may choose from among the following broad tracks: accounting, business administration, entrepreneurial leadership, and sports management.  Most tracks provide for a variety of concentrations, including management, marketing, finance, and other predesigned or individualized options. 

Students majoring in other fields who want to include some study of business-related subjects may choose a minor in business, economics, entrepreneurial leadership or sports management.

Students with a special interest in entrepreneurial leadership should consult “Entrepreneurial Leadership.”  Students with a special interest in sports management should consult “Sports Management.”  Students with a special interest in financial and enterprise crime should consult “Criminal Justice.”

Majors
Business Administration
All general business majors must complete the following core courses:

BUS 101

Introduction to Business

3

BUS 220

Concepts and Practices of Management

3

BUS 251

Principles of Accounting I

3

BUS 252

Principles of Accounting II

3

BUS 263

Business Law I

3

BUS 321 Organizational Behavior

3

BUS 344

Corporate Finance

3

BUS 355

Cost Accounting

3

BUS 356

Operations Management and Cost Analysis

3

BUS 371

Marketing

3

BUS 381 Business Ethics and Social Policy
3
BUS 383 Contemporary Issues in Business
3
BUS 384 International Business
3
BUS 381 Business Ethics and Social Policy
3

BUS 484

Business Analysis and Strategy

4

BUS

Electives (upper level)

6

ECO 231

Principles of Macroeconomics

3

ECO 232

Principles of Microeconomics

3

ENT 225 Entrepreneurial Leadership I
2
MTH 200 Statistical Methods I
3
 

Total

60

To complete a concentration, a student must complete at least six additional elective hours for a total of 12, all in the same area.  Electives for concentrations may be courses from the following preapproved lists or other courses approved by the department.  The total credits required for a major with a concentration is 66.  Students may complete more than one concentration by completing 12 additional elective hours.

Areas of Concentration
Additional courses to be approved by the department chairman.

Economics

BUS 341

Money and Banking

3

BUS 342

Investments

3

BUS 499

Selected Topics

1-3

ECO 336

Economics of Development

3

ECO 338

Managerial Economics

3

Entrepreneurial Leadership

ENT 325

Entrepreneurial Leadership II

2

ENT 347

Finance for Entrepreneurs

3

ENT 425

Entrepreneurial Leadership III

2

ENT 450

Internship

3

ENT 499

Special Topics – Advanced

1-3

Finance

BUS 241

Budget and Credit Management

1

BUS 242

Lifetime Financial Planning

1

BUS 243

Major Purchasing Decisions

1

BUS 305

Computerized Accounting Applications

3

BUS 341

Money and Banking

3

BUS 342

Investments

3

BUS 345

Insurance and Risk Management

3

BUS 346

Real Estate

3

BUS 349

Taxation I

3

BUS 350

Taxation II

3

BUS 353

Intermediate Accounting I

4

BUS 354

Intermediate Accounting II

4

BUS 355

Cost Accounting

3

Management

BUS 315

Leadership and Communication

3

BUS 322

Human Resource Management

3

BUS 366

Employment Law

3

COM 365

Interviewing

3

SOC 312

Methods of Social Research

3

SOC 332

Social Psychology

3

Marketing

BUS 372

Salesmanship and Sales Management

3

BUS 373

Advertising

3

BUS 374

Retailing

3

COM 325

Introduction to Mass Communication

3

SOC 312

Methods of Social Research

3

WEB 247

Web Page Design

3

WEB 345

Desktop Publishing

3

 

Major
Accounting

BUS 101

Introduction to Business

3

BUS 220

Concepts and Practices of Management

3

BUS 251

Principles of Accounting I

3

BUS 252

Principles of Accounting II

3

BUS 263

Business Law I

3

BUS 305

Computerized Accounting Applications

3

BUS 321

Organizational Behavior

3

BUS 344

Corporate Finance

3

BUS 349

Taxation I

3

BUS 350

Taxation II

3

BUS 353

Intermediate Accounting I

4

BUS 354

Intermediate Accounting II

4

BUS 355

Cost Accounting

3

BUS 363

Business Law II

3

BUS 381

Business Ethics and Social Policy

3

BUS 458

Auditing

3

ECO 231

Principles of Macroeconomics

3

ECO 232

Principles of Microeconomics

3

MTH 200

Statistical Methods I

3

 

Electives*

6

 

Total

65

Students desiring to become CPAs will need to complete additional credits in the department or in other areas in order to earn the 150 hours required to sit for the CPA examination.

*Electives:

BUS 356

Operations Management and Quantitative Analysis

BUS 371

Marketing

BUS 384

International Business

BUS 451

Fraud Examination

BUS 456

Nonprofit Accounting

BUS 457

Advanced Accounting I

Minor
Business Administration
Students seeking a minor in business must complete the following courses:

BUS 101

Introduction to Business

3

BUS 150

Survey of Accounting

2

BUS 220

Concepts and Practices of Management

3

BUS 263

Business Law I

3

BUS 371

Marketing

3

ECO 130

Survey of Economics

2

ENT 225

Entrepreneurial Leadership I

2

 

A finance or accounting course approved by the department

3

 

Total

21

Economics

ECO 231

Principles of Macroeconomics

3

ECO 232

Principles of Microeconomics

3

BUS 341

Money and Banking

3

Electives

BUS 342, BUS 381, ECO 336, ECO 338 or ECO 499, MTH 200 (in consultation with the department chairman)

9

 

Total

18

Associate of Arts
For an Associate of Arts degree, consult “Entrepreneurial Leadership.”


Course Descriptions
Business Administration (BUS)
101 Introduction to Business 3 hours F,S
This course is an introduction to business in a mixed economy.  It includes an overview of the major areas of study in the business curriculum as well as an introduction to the business major elements of the student’s PEP.

150 Survey of Accounting 2 hours F,S
This course is an introduction to basic concepts of financial accounting.

200 Statistical Methods I 3 hours F,S
(Refer to MTH 200)

220 Concepts and Practices of Management 3hours F,S
Students will examine the managerial process, including planning, organizing, staffing, directing and controlling.  The class includes study of the relationship of these functions to the daily work of the manager and development of managerial skills.
Prerequisite: Sophomore status.

241 Budget and Credit Management 1 hour F
This course examines the development of basic skills needed to create and manage a personal budget, with particular emphasis given to credit management.

242 Lifetime Financial Planning 1 hour TBA
This course examines the development of basic skills needed to create and update a lifetime financial plan, including identification of major financial goals and appropriate investment strategies for achieving those goals.

243 Major Purchasing Decisions 1 hour S
This course examines development of basic skills needed to evaluate alternatives with regard to major financial decisions, including purchase of a home and selection of a variety of insurance and other risk management tools. 

251 Principles of Accounting I 3 hours F
This course introduces students to the analysis of financial transactions, preparation of basic financial statements and use of computers in accounting analysis.
Prerequisite:  BUS 150 with B- or better or consent of instructor.

252 Principles of Accounting II 3 hours S
Students continue to learn about the analysis of financial transactions, preparation of basic financial statements and use of computers in accounting analysis.
Prerequisite: BUS 251.

263 Business Law I 3 hours F,S
Students will discuss the general principles of contracts, torts and property as applied to business relationships.
Prerequisites: BUS 101 and sophomore status.

275 Field Experience 1-2 hours F,S
This course introduces students to supervised fieldwork.
Prerequisite: BUS 101 or consent of instructor.

299 Selected Topics – Basic 1-3 hours TBA

305 Computerized Accounting Applications 3 hours F12
This course provides a review of the use of several spreadsheet and accounting programs in solving a variety of business problems.

315 Leadership and Communication 3 hours S13
Students will study principles and examples of leadership, with special emphasis on servant leadership and developing the communication skills essential to effective leadership.

321 Organizational Behavior 3 hours F
(Refer to SOC 321)

322 Human Resource Management 3 hours F13
This course applies basic principles of psychology, sociology and human relations to personnel management functions, including job design, labor requirements, recruiting, selection, training and development, performance appraisal, compensation, safety and health, and labor relations.
Prerequisite: BUS 220.

341 Money and Banking 3 hours F13
Students will examine banking institutions, theories and policies relating to monetary management of the economy in an international context.
Prerequisite: ECO 231 or consent of instructor.

342 Investments 3 hours S13
This course is an intensive analysis of investment institutions, philosophies and principles for the individual and institutional investor.

344 Corporate Finance 3 hours F
Students will study the principles of corporate financial management.  The course includes financial planning, management of working capital, capital budgeting and techniques for raising long-term and short-term capital.
Prerequisite: BUS 252.

345 Insurance and Risk Management 3 hours S13
Students will study the characteristics of various types of insurance and their use in managing both personal and organizational risk.  Topics include life insurance, health insurance, liability insurance and various types of casualty insurance.
Prerequisite: BUS 252 or consent of instructor.

346 Real Estate 3 hours TBA
Students will study the nature of real estate transactions, real estate as an investment and principles for managing real estate.  Land and physical property will be considered.
Prerequisite: BUS 252 or consent of instructor.

349 Taxation I 3 hours F
This course is an intensive analysis of principles of taxation as applied to individual income.
Prerequisite: BUS 252.

350 Taxation II 3 hours S
This course is an intensive analysis of principles of taxation as applied to business.  Students will consider other issues in taxation.
Prerequisite: BUS 349.

353 Intermediate Accounting I 4 hours F
This course is an intensive analysis of financial transactions and financial statements with advanced use of computers.
Prerequisite: BUS 252 with B- or better.

354 Intermediate Accounting II 4 hours S
This course continues intermediate analysis of financial transactions and financial statements with advanced use of computers.
Prerequisite: BUS 353 with B- or better.

355 Cost Accounting 3 hours S
Students will study principles of cost accounting, planning, control and analysis.  This course includes job order and process costing.
Prerequisite: BUS 252.

356 Operations Management and Quantitative Analysis 3 hours S
Students will study selected topics in operations management, including procurement, process design, inventory control, scheduling, resource allocation and quality control.
Prerequisites: BUS 101 and BUS 252.

363 Business Law II 3 hours TBA
This is a continuation of Business Law I, with special emphasis on the uniform commercial code. 
Prerequisite: BUS 263.

366 Employment Law 3 hours F12
This course reviews legal principles that apply to various aspects of human resource management.

371 Marketing 3 hours F,S
Students will study the marketing function in national and international business.  The course includes discussion of market definition, marketing environment, marketing information and decision-making about product, pricing, promotion and placement.
Prerequisite: BUS 101.

372 Salesmanship and Sales Management 3 hours TBA
This course reviews basic concepts and practices of effective personal selling and of managing the sales process.

373 Advertising 3 hours S13
Students will study principles and practices of advertising, with emphasis on applications to small business.
Prerequisite: BUS 371 or consent of instructor.

374 Retailing 3 hours TBA
This course is a comprehensive study of retail management, with an emphasis on small business.
Prerequisite: BUS 371 or consent of instructor.

381 Business Ethics and Social Policy 3 hours S
This course is an introduction to ethical decision making as related to business management and public policy relating to business.  It includes both theory and application to current issues.
General Education: Civic Values and Engagement

383 Contemporary Issues in Business 3 hours F
This course is an introduction to selected issues in business management.  It includes review of basic concepts and tools related to information management and project management.

384 International Business 3 hours F,SU
This is an introduction to key international aspects of business management.  The course includes consideration of the global nature of business, cross-cultural issues faced by business, and key resources and issues related to effectively managing the international aspects of a business.

450 Internship 1-16 hours F,S
Students will gain advanced fieldwork experience.  It may be part time or full time, but involves work at the managerial level.
Prerequisites: Business core and consent of instructor.

451 Fraud Examination 3 hours TBA
Fraud examination will cover the principles and the mythology of fraud detection and deterrence.  The course includes such topics as: skimming, cash larceny, check tampering, register disbursement schemes, billing schemes, payroll and expense reimbursement schemes, noncash misappropriations, corruption, accounting principles and fraud, fraudulent financial statements, and interviewing witnesses.

456 Nonprofit Accounting 3 hours TBA
This course is the study of applications of accounting principles to nonprofit and government organizations. 
Prerequisite: BUS 252 with B- or better.

457 Advanced Accounting I 3 hours F12
Students will study accounting for partnerships, parent and subsidiary relationships, preparation of consolidated balance statements, income and surplus statements, and nonprofit organizations.
Prerequisite: BUS 354 with B- or better.

458 Auditing 3 hours S
Students will study methods of examining and adjusting financial records.
Prerequisite: BUS 354 with B- or better.

460 Independent Study 1-3 hours F, S
Students will study a selected topic in business.
Prerequisite: Consent of instructor.

484 Business Analysis and Strategy 4 hours S
This is the senior capstone course for majors in business administration.  It includes review of strategic management, a business simulation and a group field investigation of a local organization. 
Prerequisites: Senior status, BUS 220, BUS 263, BUS 321, BUS 344, BUS 356, BUS 371, ECO 231 and ECO 232, or consent of instructor.

499 Selected Topics – Advanced 1-3 hours TBA

Course Descriptions
Economics (ECO)
130 Survey of Economics 2 hours F
This course introduces basic concepts of macroeconomics and microeconomics.

231 Principles of Macroeconomics 3 hours S
This course introduces students to analysis of the macroeconomy.  It includes study of aggregate supply and demand model, Keynesian multiplier model, banking and monetary policy, and applications to current macroeconomic problems.

232 Principles of Microeconomics 3 hours F
This course introduces students to economic analysis of the individual firm and market.  It includes study of a basic supply and demand model, the role of government in the economy, cost analysis of the firm, and application of principles to various markets and social problems.

336 Economics of Development 3 hours TBA
Students will study objectives, theories and problems of development at the international, state and local levels.

338 Managerial Economics 3 hours TBA
This course will apply economic concepts, principles and tools to the analysis of a variety of management problems. 
Prerequisites: ECO 232

460 Independent Study 1-3 hours TBA
The student will select and study a topic in economics with the approval of the instructor.
Prerequisite: Consent of instructor.

499 Selected Topics – Advanced 1-3 hours TBA


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