Course Descriptions
Descriptions of Required and Elective Courses Needed to Complete a Major in Business

Business 001:
Accounting 1
This is an introduction to the basic accounting model and the framework for developing financial statements. The major focus is on the study of generally accepted accounting principles as they apply to the measurement of income and the presentation of a firm’s financial position.

Business 002:
Accounting 2
The role of accounting in the formation and capitalization of corporations is studied. Topics include cash flow, analysis and interpretation of financial statements, and basic managerial accounting.
Prerequisite: Business 001

Business 010:
Macroeconomics
An examination of the macroeconomic theories, problems and policies of the U.S. economy. Topics include supply and demand, a description of the main sectors of the economy, and the role of government in stabilizing the economy with monetary and fiscal policies.

Business 011:
Microeconomics
An examination of the microeconomic theories, problems and policies of the U.S. economy. Topics include the theory of the firm, market structures, and current economic issues such as income distribution, antitrust policy, poverty, the farm problem and international trade.
Prerequisite: Business 010 recommended

Business 105:
Management
Students examine the process of achieving organizational goals by working with people and other organizational resources. Students explore a history of management and the environment in which managers operate. Classroom discussion focuses on the basic managerial functions of planning, organizing, leading and controlling. Students are introduced to case analysis, problem-solving methods, and in-class exercises.

Business 106:
Statistics for Business
An introduction to descriptive and inferential statistics. Topics include the gathering, organizing, interpreting and presenting of the data with emphasis on hypothesis testing as a method for decision making in the fields of business and economics. Procedures examined include z-tests, t-tests, ANOVAs, correlation and simple regression.
Prerequisite: Demonstrated proficiency in high school algebra or permission of the instructor

Business 107:
Marketing
Students examine the role of marketing in society with an introduction to the fundamentals of strategic marketing planning and the development of the marketing mix. Topics include buyer behavior, market segmentation, distribution, pricing policies, promotional strategies, international marketing, and product development.

Business 152:
Money and Banking
A study of the nature and function of money, monetary theory and policy, and financial institutions; and a survey of the historical developments that have affected the U.S. monetary system.
Prerequisite: Business 010

Business 240:
Finance
Students are introduced to financial management of proprietorships, partnerships and corporations. Concepts of risk and return, time value of money, and stock and bond valuation are analyzed from a quantitative approach and applied throughout the course. Additional topics covered include the cost of capital as related to discounted cash flow, capital budgeting and strategic financing decisions. A project consisting of several spreadsheet applications exposes students to their potential for financial analysis. Topics covered include: basic financial statements, financial ratio analysis, time value of money, valuation and rates of return, the cost of capital and capital budgeting.
Prerequisites: Business 002, Business 010 and demonstrated proficiency in high school algebra or permission of the instructor

Business 251:
Business Law 1
A study of the general principles of law as they apply to daily transactions and a consideration of such subjects as contracts, bailments, negotiable instruments, and personal and real property.
Prerequisite: Junior standing or permission of the instructor

Business 260:
Operations Management
In this course, students examine the transformation of resources into goods and services. Using both a strategic and an operational perspective, this course includes discussions and applications in both the manufacturing and service sectors. Topics include forecasting, production processing, resource allocation, critical path analysis, inventory control techniques and total quality management.
Prerequisites: Business 105 and 106 (or equivalent)

Business 265:
Behavior in Organizations
This course provides a conceptual framework for the study and understanding of behavior within the organization. Students explore behavior at the individual, group and organizational levels. Units of analysis include personality, stress, conflict, motivation and cultural diversity.
Prerequisite: Business 105

Business 270:
Human Resources/Personnel
An in-depth study of current policies and problems in human resource management. Subjects include human resource planning, recruiting, selection, training, management development, compensation, discipline, labor relations, equal employment opportunity laws/regulations and human resource management policies.
Prerequisite: Junior standing or permission of the instructor

Business 280:
Business Strategy
This course integrates all prior accounting, business and economics courses as final preparation for the student’s entry into the business world or graduate studies. Case studies and computer simulations are utilized to enable students to gain an understanding of business operations.
Prerequisite: Senior standing in business administration or permission of the instructor