Business and Economics Department Catalogue

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BUSINESS (BUSN)
ECONOMICS (ECON)
ACCOUNTING (ACCT)

The Department of Business and Economics offers courses leading to the B.S. degree in
Business Administration, the B.A. degree in Business, the B.S. degree in Accounting, and the B.A. degree in Economics.

The goals of the department are:

1. to provide students with the knowledge base that will deepen their understanding of the central role of business in society;

2. to prepare students for careers in economics or business by providing them with a curriculum that is solidly grounded in developing competencies and skills in information-gathering, problem-solving, critical thinking and decision-making;

3. to provide high-quality teaching and faculty scholarship that meets the diverse needs of students;

4. to develop students’ competencies in written and oral communication skills that will prepare them to become effective communicators in the business world;

5. to instill in students the importance of ethical conduct in business decision-making and leadership; and

6. to increase students’ understanding of the complexities of business in the context of a highly technological and globalized business environment.

Core Curriculum Requirement: All non-majors must take ECON 110 (Core: Economics). Business, Accounting, and Economics majors must take ECON 120 (Principles of Microeconomics). This requirement must be taken in the second year and is paired with the core course in Sociology. ECON 110 is not allowed as a substitute for ECON 130 (Principles of Macroeconomics), but is acceptable as an elective course.

Requirements for the major in Business Administration (B.S. Degree): Business Administration majors must complete 45 credits in the Common Professional Component in business, 12 credits in one of the areas of concentration, and an internship.

Requirements for the major in Business (B.A. Degree): Business majors must complete 36 credits in the Common Professional Component in business.

The Common Professional Component for both business majors includes: Financial Accounting (BUSN 205), Macroeconomics (ECON 130), Principles of Management (BUSN 105), Principles of Marketing (BUSN 106), Quantitative Methods (BUSN 300), Fundamentals of Information Systems I (BUSN 303), Business Law I (BUSN 301), Operations: Methods and Systems (BUSN 316), Principles of Finance (BUSN 317), Human Resource Strategy (BUSN 318), International Business (BUSN 309), and Business Strategy (BUSN 400).

Business Administration majors must also take Effective Speech (COMM 205), Managerial Accounting (BUSN 207), and Business Law II (BUSN 302). In addition to the Common Professional Component courses, business administration majors must complete 12 credits in an approved area of concentration. The areas of concentration that are available are: Accounting, Finance, International Business, Marketing, Information Systems, Human Resource Management, and Management of Organizations. The required courses for each area are:

Accounting (four of the following): Intermediate Accounting I (BUSN 313), Intermediate Accounting II (BUSN 314), Income Taxation (BUSN 411), Cost Accounting (BUSN 412), and Corporate Financial Analysis (BUSN 405).

Finance (four of the following): Corporate Financial Analysis (BUSN 405), Investments (BUSN 406), Capital and Money Markets (BUSN 407), Money and Banking (ECON 305), Income Taxation (BUSN 411), International Finance (BUSN/ECON 419), and Public Finance (ECON 409).

International Business: International Marketing (BUSN 409), International Trade
(ECON 336), International Political Economy (BUSN 401), and International Finance
(BUSN/ECON 419).

Marketing (four of the following): Marketing Management (BUSN 307), International
Marketing (BUSN 409), Services Marketing (BUSN 410), Advertising (COMM 334),
Public Relations (COMM 319), and Consumer Psychology (PSYC 305).

Information Systems: Introduction to Programming (with java) (BUSN 402), Fundamentals of Information Systems II (BUSN 403), Multi-User Systems (BUSN 404), and Financial Information Systems (BUSN 413).

Human Resource Management (four of the following): Labor Relations and Collective Bargaining (BUSN 408), Labor Economics (ECON 405), Industrial Psychology (PSYC 273), Human Development: Adult (PSYC 320), Group Dynamics (PSYC 344), Social Psychology (PSYC 321), Interpersonal Communication (COMM 424), Race and Ethnicity (SOC 302), and Sociology of Organizations, Occupations, and Work (SOC 331).

Management of Organizations (four of the following): Organizational Psychology (PSYC 274), Sociology of Organizations, Occupations, and Work (SOC 331), Public Relations (COMM 319), and Organizational Communication (COMM 422), Social Psychology (PSYC 321), and Group Dynamics (PSYC 344).

NOTE: In completing the College’s Core Curriculum requirements in Liberal Arts,
Business majors and Business Administration majors must take Core: Microeconomics
(ECON 120), Computational Math with Spreadsheets (MATH 107), Introduction to Statistics (MATH 118), and Business Ethics (INTG 346).

Requirements for the minor in Business: Eighteen credits, including Principles of Management (BUSN 105), Principles of Marketing (BUSN 106), Financial Accounting (BUSN 205), and Business Law I (BUSN 301). The remaining six credits, selected from upper level electives offered by the Department, must be approved by the Chairperson.

Requirements for the major in Economics (B.A. Degree): Economics majors must complete fifteen credits in the Common Professional Component in economics plus eighteen additional credits in economics on the upper level. Substitute BUSN courses must be approved by the Department Chair.

The Common Professional Component in Economics includes: Principles of Microeconomics (ECON 120), Principles of Macroeconomics (ECON 130), Intermediate Microeconomics (ECON 304), Intermediate Macroeconomics (ECON 306), Money and Banking (ECON 305).

Requirements for the minor in Economics: Eighteen credits, including one of the following four courses: Principles of Microeconomics (ECON 120), Principles of Macroeconomics (ECON 130); one of the following two courses: Intermediate Microeconomics (ECON 304) or Intermediate Macroeconomics (ECON 306); Money and Banking (ECON 305); and two upper level economics electives offered by the Department. Substitute BUSN courses must be approved by the Department Chair.

Requirements for the major in Accounting (B.S. Degree): Accounting majors must complete 39 credits in the Core Business Requirements, 27 credits in the Professional Accountancy Component, and an internship in accounting.

The Core Business Requirements for Accounting majors includes: Principles of Management (BUSN 105), Principles of Marketing (BUSN 106), Macroeconomics (ECON 130), Quantitative Methods (BUSN 300), Fundamentals of Information Systems I (BUSN 303), Business Law I (BUSN 301), Business Law II (BUSN 302), Operations: Methods and Systems (BUSN 316), Principles of Finance (BUSN 317), Human Resource Strategy (BUSN 318), International Business (BUSN 309), and Business Strategy (BUSN 400). Accounting majors must also take Effective Speech (COMM 205).

The Professional Accountancy Requirements for Accounting majors include: Financial Accounting (BUSN 205), Managerial Accounting (BUSN 207), Intermediate Accounting I (BUSN 313), Intermediate Accounting II (BUSN 314), Income Taxation (BUSN 411), Cost Accounting (BUSN 412), Auditing Theory and Practice (ACCT 450), Advanced Accounting (ACCT 451), Accounting Research (ACCT 460), and Accounting Internship (ACCT 475).

NOTE: In completing the College’s Core Curriculum requirements in Liberal Arts,
Accounting majors must take Core: Microeconomics (ECON 120), Computational Math with Spreadsheets (MATH 107), Introduction to Statistics (MATH 118), and Business Ethics (INTG 346).

Grade Requirements. Majors and minors must obtain a minimum grade of “C” in all required Accounting, Business and Economics courses. The grade requirement for the three required cognate courses in the business and accounting majors (COMM 205, MATH 107, and MATH 118) is a C average overall.

Credit Requirements for Participating in the Graduation Ceremony: In order to participate in the May graduation ceremony, students must have completed ALL requirements for their respective degrees, i.e., 120 credits for the B.A. Degree and 126 credits for the B.S. Degree. Only the Dean of the Undergraduate College can grant exemptions to this policy.

SAMPLE PROGRAMS:

B.S. in Business Administration (126 credits)

Year 1
ENGL 109    Literature: Visions and Values
PSYC 103    Core: Introduction to Psychology
ENGL 115    Writing for College
ART 210    Core: The Arts Experience
HIST 214    Core: The Shaping of the Modern World
MFL XXX    Modern Foreign Language requirement (6 credits)
MATH 107   Computational Math with Spreadsheets
BUSN 105    Principles of Management
BUSN 106    Principles of Marketing
CMSV 101    The First-Year Experience

Year 3
ENGL 320    World Literature
INTG 346    Business Ethics
COMM 205    Effective Speech
BUSN 301, 302   Business Law I and II
BUSN 300    Quantitative Methods
BUSN 303    Fundamentals of Information Systems I
BUSN 317    Principles of Finance
Concentration    6 credits
Elective course   3 credits

Year 4
INTG 4XX    Senior level Integrated course
BUSN 305    Operations: Methods and Systems
BUSN 309   International Business
BUSN 318    Human Resource Strategy
BUSN 400    Business Strategy
Concentration    6 credits
BUSN 375,475   Internship
Elective courses  9 credits

B.A. in Business (120 credits)

Year 1
ENGL 109    Literature: Visions and Values
PSYC 103    Core: Introduction to Psychology
ENGL 115    Writing for College
ART 210    Core: The Arts Experience
HIST 214    Core: The Shaping of the Modern World
MFL XXX   Modern Foreign Language requirement
BUSN 105    Principles of Management
BUSN 106    Principles of Marketing
CMSV 101    The First-Year Experience
Elective course  6 credits

Year 3
ENGL 320    World Literature
INTG 346    Business Ethics
MATH 118    Introduction to Statistics
BUSN 301 and 302   Business Law I
BUSN 300    Quantitative Methods for Economic and Business Analysis
BUSN 317    Principles of Finance
Elective courses  12 credits

Year 4
INTG 4XX    Senior level Integrated course
BUSN 305    Operations: Methods and Systems
BUSN 303    Fundamentals of Information Systems I
BUSN 318    Human Resource Strategy
BUSN 309    International Business
BUSN 400    Business Strategy
Elective courses  12 credits

B.S. in Accounting (126 credits)

Year 1
ENGL 109    Literature: Visions and Values
PSYC 103   Core: Introduction to Psychology
ENGL 115    Writing for College
ART 210    Core: The Arts Experience
HIST 214    Core: The Shaping of the Modern World
MFL XXX   Modern Foreign Language requirement (6 credits)
MATH 107   Computational Math with Spreadsheets
BUSN 105    Principles of Management
BUSN 106    Principles of Marketing
CMSV 101    The First-Year Experience

Year 2
ECON 120    Core: Microeconomic Principles
ECON 130    Macroeconomic Principles
SOC 101    Core: Sociology
PHIL 212    Core: The Life of Reason
RELS 208   Core: The Life of Faith
BIOL 101   Concepts of Biology
CHEM 100    Core: Foundations of Chemistry
BUSN 205   Financial Accounting
BUSN 207   Managerial Accounting
BUSN 313   Intermediate Accounting I

Year 3
ENGL 320    World Literature
INTG 346    Business Ethics
MATH 118    Introduction to Statistics
COMM 205    Effective Speech Communication
BUSN 301 and 302   Business Law I and II
BUSN 300    Quantitative Methods
BUSN 317    Principles of Finance
BUSN 314    Intermediate Accounting II
BUSN 411   Income Taxation
BUSN 412   Cost Accounting

Year 4
INTG 4XX    Senior level Integrated course
BUSN 303    Fundamentals of Information Systems I
BUSN 305    Operations: Methods and Systems
BUSN 318    Human Resource Strategy
BUSN 309    International Business
BUSN 400    Business Strategy
ACCT 450    Auditing Theory and Practice
ACCT 451   Advanced Accounting
ACCT 460   Accounting Research
ACCT 475    Accounting Internship
Elective course  3 credits

B.A. in Economics (120 credits)

Year 1
ENGL 109    Literature: Visions and Values
ENGL 115    Writing for College
PSYC 103    Core: Introduction to Psychology
ART 210    Core: The Arts Experience
HIST 214    Core: The Shaping of the Modern World
MFL XXX   Modern Foreign Language requirement
CMSV 101    The First-Year Experience
MATH 107    Computational Math with Spreadsheets
Elective courses  6 credits

Year 2
ECON 120    Core: Microeconomic Principles
ECON 130    Macroeconomic Principles
SOC 101    Core: Sociology
PHIL 212    Core: The Life of Reason
RELS 208    Core: The Life of Faith
MATH 118   Introduction to Statistics
CHEM 100    Core: Foundations of Chemistry
BIOL 101    Concepts of Biology
Elective courses   6 credits

Year 3
ENGL 320    World Literature
INTG 3XX    Junior level Integrated course
ECON 301    Intermediate Price Analysis
ECON 302    Intermediate Income and Employment Theory
ECON 305    Money and Banking
Elective courses   15 credits

Year 4
INTG 4XX    Senior level Integrated course
ECON Electives   12 credits
Free Electives    14 credits

COURSE DESCRIPTIONS

BUSN 105 PRINCIPLES OF MANAGEMENT. An introduction to the principles of
business management: planning, organizing, staffing, directing, and controlling of
businesses. The course combines the traditional management process approach with
contemporary systems and behavioral approaches.
3 credits

BUSN 106 PRINCIPLES OF MARKETING. A study of the basic principles and
concepts in the marketing process, the techniques of market research, and the function
of advertising in business operations, the role it plays in the economy, as well as a
consideration of the sociological and ethical aspects of current practices.
3 credits

BUSN 205 FINANCIAL ACCOUNTING. An introduction to the financial accounting process: measuring, processing, interpreting and using accounting information for business decision-making. It examines the principles and methods of financing business organizations and evaluating internal control problems. It discusses the concepts and analytical techniques applicable to identifying and solving financial management problems.
3 credits

BUSN 207 MANAGERIAL ACCOUNTING. Examines the process of identification, measurement, accumulation, analysis, preparation, interpretation, and communication of financial information used by management to plan, evaluate, and control within an organization, and to assure appropriate use of and accountability for its resources. The course introduces the student to the preparation of financial reports for non-managerial groups such as shareholders, creditors, regulatory agencies, and tax authorities.
Prerequisite: BUSN 205
3 credits

BUSN 300 QUANTITATIVE METHODS FOR ECONOMIC AND BUSINESS
ANALYSIS. Business and econometric modeling techniques are examined through the use of Windows-based microcomputer spreadsheet construction and analysis. Emphasis is placed upon practical application in the business environment. Topics include inventory simulation, capital budgeting, decision analysis, break-even analysis, database management and record keeping, and single and multiple linear regression analysis.
Prerequisite: MATH 107, MATH 118
3 credits

BUSN 301 BUSINESS LAW I. Introduction to the basic concepts, terminology, and principles of the American legal system. Topics include: civil dispute resolution, constitutional law, administrative law, criminal law, intentional torts, negligence, introduction to contracts, mutual assent, illegal bargains, contract in writing, contract remedies, performance, breach and discharge.
3 credits

BUSN 302 BUSINESS LAW II. An overview of commercial law with emphasis on the law of contracts, sales, property, partnerships and corporations, commercial paper, secured transactions, bankruptcy and protection of intellectual property.
3 credits

BUSN 303 FUNDAMENTALS OF INFORMATION SYSTEMS I. A survey of computer information systems and how they relate to administration and management in the modern business organization. Topics include choosing the right system for the office environment, site selection and preparation, types of software and their applications, integration of hardware and software, networking techniques and theory, centralized versus decentralized and networked information systems, network topologies, information location and retrieval through the Internet and the World Wide Web, message exchanging through e-mail, message privacy techniques incorporating public key/private key encryption, and emerging trends in information systems.
Prerequisite: MATH 107, ENGL 115
3 credits

BUSN 307 MARKETING MANAGEMENT. An overview of current strategic planning process used by marketing managers, such as sales promotion and publicity decisions, product-line strategies, marketing organization and distribution-channel developments.
Prerequisite: BUSN 106
3 credits

BUSN 309 INTERNATIONAL BUSINESS. Explores the major theories and applications that explain international business transactions and the institutions influencing those activities. It studies the social, cultural, political and regulatory environments within which international business transactions take place; the foreign exchange systems which facilitate or constrain such transactions; and the dynamics of international business-government relationships. (WE)
Prerequisite: ECON 120, ECON 130
3 credits

BUSN 313 INTERMEDIATE ACCOUNTING I. An in-depth study of financial accounting principles and recording procedures. It includes the evaluation and preparation of financial statements including the statements of income and retained earnings, and the balance sheet. It covers the analysis of financial statement components, issues of valuation and form.
Prerequisite: BUSN 205
3 credits

BUSN 314 INTERMEDIATE ACCOUNTING II. An in-depth study of accounting procedures and systems related to a firm’s financial structure and the issuing and evaluation of corporate securities. It examines the more detailed aspects of the firm’s income statement such as earnings per share and its presentation to the firm’s income statement, the preparation of cash flow statements, and the analysis of financial statements.
Prerequisite: BUSN 313
3 credits

BUSN 316 OPERATIONS: METHODS AND SYSTEMS. A survey of frequently used stochastic and deterministic quantitative methodologies used in the management of business organizations and the allocation of scarce resources. Topics and applications include linear programming with graphical and simplex solving, transportation, transshipment, assignment, network models, project management techniques, inventory theory, simulation, queuing, forecasting, and decision theory. Computer-based software tools for management decision-making are integral to the course.
Prerequisite: MATH 107, MATH 118
3 credits

BUSN 317 PRINCIPLES OF FINANCE. Introduction to the basic concepts, practices, terminologies, and theories of financial management. It provides an overview of financial management as central to the operation of a business enterprise: planning the firm’s needs for funds, selecting the least costly source and allocating their use to maximize value of owner’s investment. Topics include: ratio analysis of financial statements, yield curves and rates of return, and the measurement of the risk of financial assets
Prerequisites: BUSN 205
3 credits

BUSN 318 HUMAN RESOURCE STRATEGY. An examination of the principles of personnel administration and processes of recruitment, placement, development, evaluation, compensation, and effective utilization of the firm’s human resources. Case studies are utilized.
Prerequisites: BUSN 105
3 credits

BUSN 400 BUSINESS STRATEGY. A capstone course for seniors in the business program. The course provides a framework for problem identification and strategy formation within organizations. Emphasis will be placed on the interplay of judgment and decision making, the use of both qualitative and quantitative factors in policy formulation and execution and the impact of social and moral values. The course provides an opportunity for students to integrate and apply previously acquired knowledge in the areas of accounting, economics, finance, marketing, and management. Utilizes the case approach as well as readings from other disciplines. (WE)
Prerequisites: 90 credits of coursework, including ECON 120, BUSN 105, BUSN 106,
BUSN 205
3 credits

BUSN 401 INTERNATIONAL POLITICAL ECONOMY. A study of global political and economic relations, including the place of the United States in the world economy. It explores the interconnectedness between the economic and political factors that have given shape to the current global economy. The issues are discussed in historical perspective, highlighting the major theories that have been developed. Some of the issues examined relate to global security, trade protectionism, international finance, economic and political integration, transnational corporations, the political economy of oil, and global poverty.
Prerequisite: ECON 120, 130
3 credits

BUSN 402 INTRODUCTION TO PROGRAMMING (With Java). Introduces syntax, principles, and practices for object-oriented programming with java. Concentration is on single machine programming. Topics include: java syntax; the idea of object-oriented programming; the java libraries; multi-media programming, data, structures, loops and algorithms; and user-interface development.
Prerequisite: BUSN 303
3 credits

BUSN 403 FUNDAMENTALS OF INFORMATION SYSTEMS II. Introduces the principles and practices for the system life-cycle phases of elaboration, construction, transition and production, focusing on the dimensions of analysis/design, programming and quality management. Topics include: going from the application model to a conceptual system model, using semantic analysis, type packages, class and role diagrams, and dynamic effectuation models; developing standards and tests for the systems and its components; implementing the system design, final testing, deployment and training.
Prerequisite: BUSN 303
3 credits

BUSN 404 MULTI-USER SYSTEMS. Examines the essentials of multi-user information systems as used by business organizations. Topics include: client-server operating systems, multi-tier physical and logical architectures, design and programming for multi-user systems, multi-user databases with use of a SQL-compliant database, system administration and server-side design and programming for web applications.
Prerequisite: BUSN 303, BUSN 402
3 credits

BUSN 405 CORPORATE FINANCIAL ANALYSIS. As a second course in financial
theory, this course examines problems, procedures, and concepts utilized in managing
the assets and liabilities of the corporation. Emphasizing analytical approaches and
financial theory, the topics covered include: control of the firm’s financial structure,
capital budgeting, risk analysis, the theory of valuation for corporate securities, dividend
policies and long-term financing options.
Prerequisite: BUSN 317
3 credits

BUSN 406 INVESTMENTS. An introduction to the fundamental principles, tools and techniques of investing. It examines asset allocation decisions, the portfolio management process, security market indexes, security valuation, and evaluation of portfolio performance. The course provides a hands-on experience in the use and analysis of various types of investment information.
Prerequisite: BUSN 317
3 credits

BUSN 407 CAPITAL AND MONEY MARKETS. Analysis of the role of financial
institutions and financial markets in the U.S. economy. Emphasizing theoretical concepts
and policy considerations, topics covered include: investment theory, analysis and management of common stock and bonds, and analysis of derivatives. The course provides a hands-on experience in the use and analysis of various types of investment information.
Prerequisite: ECON 130, BUSN 317
3 credits

BUSN 408 LABOR RELATIONS AND COLLECTIVE BARGAINING. A study of
the issues and problems facing management in its relations with organized labor;
techniques of collective bargaining; types of union agreements; and current trends in
management labor relations.
Prerequisite: BUSN 201
3 credits

BUSN 409 INTERNATIONAL MARKETING. A study of international marketing
operations, including decision-making and policy formation. Special problems involved
in directing the flow of a company’s goods and services to consumers or users in more
than one country.
Prerequisite: BUSN 106
3 credits

BUSN 410 SERVICES MARKETING. A study of the specific marketing needs of the
service sector, including an investigation of its unique nature, emerging theories for
service marketing, and applicable management strategies being developed for a variety
of service industries.
Prerequisite: BUSN 106
3 credits

BUSN 411 INCOME TAXATION. Theory and problems of federal income taxes as
applied to individuals and corporations. It examines the fundamental concepts of the federal income taxation stature. More specifically, it focuses on the U.S. internal revenue code for individuals, and how lawyers and legal institutions have interpreted the statute over time.
Prerequisite: BUSN 205
3 credits

BUSN 412 COST ACCOUNTING. Examines how managerial accounting information is utilized within an organization for planning, control, motivation, and decision-making. The course focuses on cost information: the accumulation of costs within organizations, the used of costs for planning and control, cost allocation, and the identification of relevant costs for decision-making. It examines various cost accounting systems, including job, prices and standard cost systems and budgeting techniques.
Prerequisite: BUSN 205, 207
3 credits

BUSN 413 FINANCIAL INFORMATION SYSTEMS. Examines the essentials of the major types of financial information systems, including systems for accounting and back office, audit and compliance, forecasting and valuation, budget and planning, risk management, trading, portfolio and loan management, sales and marketing, and e-commerce. The course examines the related issues of transactions-based systems, globalization considerations, and enterprise resource planning systems.
Prerequisite: BUSN 303, MATH 118, BUSN 205
3 credits

BUSN 419/ECON 419 INTERNATIONAL FINANCE. Provides an introduction to the fundamental concepts of international business finance. It discusses the global environment which a multinational corporation faces in the management of the finance function. The major topics include: the international monetary system, the balance of payments, foreign exchange, the management of foreign exchange risk, and country risk analysis. It also examines the foreign investment decision process, the major theories of foreign investment, the role of international banks, and the financing of international business operations through public and private non-bank financial institutions.
Prerequisite: ECON 120, ECON 130
3 credits

BUSN 460 INDEPENDENT STUDY. 1-3 credits

BUSN 470, 370 SPECIAL TOPICS IN BUSINESS. An in-depth investigation of an
advanced topic in the field of business based on the interests of upper level majors and
faculty members in the Department. Detailed course descriptions will be available in the
Department at the time of registration.
3, 3 credits

BUSN 475, 375 INTERNSHIPS. 3 credits

ECONOMICS (ECON)

ECON 110 CORE: ECONOMICS. A basic course in economics designed as part of
the College’s Core curriculum. It examines the fundamental principles of economics and explains how these principles can be applied to various problems and issues that affect the lives of people. The first part lays the microeconomic foundations of economic analysis. The second part focuses on macroeconomic issues such as inflation, unemployment, income growth, business cycles, taxation, debt and deficits, monetary and fiscal policies, and economic growth.
3 credits

ECON 120 CORE: PRINCIPLES OF MICROECONOMICS. A study of the foundations of economic analysis, including the fundamentals of demand/supply analysis, market structure, cost and production functions. The course also discusses welfare issues, the role of the public sector, and government policies. This course is designed for Business and Economics majors and is the first in a sequence of Micro/Macroeconomics courses.
3 credits

ECON 130 PRINCIPLES OF MACROECONOMICS. Examines the fundamental principles that govern the workings of the overall economy. It covers topics such as national income, inflation, unemployment, fiscal and monetary policies. The course also explores money supply and the money creation process, business cycles, and economic growth. This course is designed for Business and Economics majors/minors, and is the second in a sequence of Micro/Macroeconomics courses.
Prerequisite: ECON 120
3 credits

ECON 301 INTERMEDIATE PRICE ANALYSIS. The course builds on the foundation of microeconomic principles and provides an in-depth coverage of the theoretical and empirical aspects of microeconomics. It examines in detail the price mechanism, market structures, and market outcomes. The focus is on the application of microeconomic theories.
Prerequisites: ECON 120, 130
3 credits

ECON 302 INTERMEDIATE INCOME AND EMPLOYMENT THEORY. The course builds on the foundation of macroeconomic principles and provides an in-depth coverage of the theoretical an empirical aspects of macroeconomics. The economic models of national income, unemployment, inflation, growth, and business cycles are discussed. The emphasis is on the application of theory to the analysis of real macroeconomic issues.
Prerequisites: ECON 120, 130
3 credits

ECON 305 MONEY AND BANKING. Provides an in-depth analysis of the monetary system of the United States, the principles of central banking, and the conduct of monetary policy. The course also covers the essentials of banking, financial markets and financial institutions.
Prerequisite: ECON 130
3 credits

ECON 336 INTERNATIONAL TRADE. Examines the theoretical principles that govern international trade and explores the empirical evidence of patterns in world trade and the trade policies of industrial, developing, and emerging economies. A focal point of discussion is the role of the United States in the international trading system. The course complements many of the topics discussed in International Finance and International Business courses. Topics covered include theory of international trade, public and private barriers to trade, economic integration, and international trade institutions.
Prerequisites: ECON 120, 130
3 credits

ECON 405 LABOR ECONOMICS.   Examines the theoretical developments in the study of labor markets and the empirical research on such topics as the changing roles of men and women in the contemporary economy, the allocation of time between household and the labor market, differences in occupations and earnings, and policies affecting paid work and family. Discussions also include recent developments in the labor market and their impact on women and men, discrimination in the labor market, and gender differences within and among countries.
Prerequisites: ECON 120, 130
          3 credits

ECON 408 MANAGERIAL ECONOMICS. The application of macroeconomic theory
to the solution of business problems. The integration of management and economics
emphasizes the analysis of internal business procedures and alternative decision-making in such areas as pricing and allocation of resources. Case studies are utilized.
Prerequisites: ECON 120, 130
3 credits

ECON 409 PUBLIC FINANCE. Provides an introduction to the theoretical and empirical tools of public finance and budget analysis. Discussions cover topics such as: externalities and public goods; cost-benefit analysis; federal, state and local expenditures; social insurance, income redistribution, and welfare programs.
Prerequisite: ECON 130
3 credits

ECON 460 INDEPENDENT STUDY. 1-3 credits

ECON 470, 370 SPECIAL TOPICS IN ECONOMICS 3, 3 credits

ACCOUNTING (ACCT)

ACCT 450 AUDITING THEORY AND PRACTICE. An introduction to the basic principles of auditing: planning an audit, gathering evidence, testing internal controls and account balances, audit sampling, creation of audit work papers and audit reports. It provides practical experience using computer-assisted audit techniques and examines the ethical conduct and liability of auditors.
Prerequisites: BUSN 205, 207, 313, 314
3 credits

ACCT 451 ADVANCED ACCOUNTING. The course reviews the complete accounting cycle learned in basic accounting. The course deals with specialized topics associated with the work of an accountant. They include: uncollectible accounts, the handling of plant assets, promissory notes, deferrals and accruals, and accounting control systems. It also introduces techniques used in the interpretation of financial statements and trends in the financial statements of firms which are not always readily available from financial statements.
Prerequisites: BUSN 205, 207, 313, 314
3 credits

ACCT 460 ACCOUNTING RESEARCH. The course introduces students to research of current issues in accounting using various online databases. Special emphasis is placed on research techniques using the Financial Accounting Research System (FARS) database, and those of the Securities and Exchange Commission, the Financial Accounting Standards Board and the International Accounting Standards Board. The course prepares students for the new computerized format of the uniform CPA examination.
Prerequisites: 90 credits of coursework, including BUSN 205, 207,313, 314, 412, 450, 451
3 credits

ACCT 475 ACCOUNTING INTERNSHIP. The internship offers students the opportunity to apply accounting theory and concepts in the actual workplace.
Prerequisite: BUSN 205, 207, 313, 314
3 credits