Business and economics programs
Business Administration Major
Majors in business administration are built upon a strong liberal arts basis and are recommended for those students who are interested in careers in a wide variety of occupations or for students who plan to attend graduate school in business. As a department, we recommend experience in the field through credited internships.
|ACC 215 - Principles of Financial Accounting
(4 credits) This course covers the basic introduction to financial management and financial accounting, including an understanding of the concepts, principles and practices in these areas.
|ACC 216 - Principles of Managerial Accounting
(3 credits) This course covers the basic concepts, principles and practice in managerial accounting, including the use of accounting in management decision- making. Prerequisite: ACC215.
|BUS 200 - Principles of Marketing
(4 credits) This course introduces students to marketing terminology; defines the elements and activities necessary to create, communicate and deliver value through beneficial exchanges; and enables students to understand and replicate the marketing process at any entry level.
|BUS 218 - Business Ethics
(2 credits) This course is a study of basic ethical theories including the Christian impact on ethics. It includes applications of ethical decision-making to business problems and cases. Prerequisites: sophomore class standing and completion of at least two courses in business, economics or accounting.
|BUS 250 - Management and Organizational Behavior
|BUS 300 - Principles of Finance *
(2 credits) This course covers the basic principles, theory and techniques of financial decision-making in the structure of a corporation. Prerequisites: ACC215 and ACC216; and either MAT109 or MAT117.
|BUS 403 - Business Strategy
(4 credits) This capstone course is designed to assist students in analyzing and synthesizing the material covered in other courses throughout their studies. It focuses on an integrated approach to management decision-making using all of the functional areas of business. Prerequisite: completion of business core and senior class standing.
|ECO 213 - Principles of Microeconomics
(4 credits) Microeconomics deals with price determination and how the price system functions. Supply and demand, output, competition, monopoly, resource pricing, international trade and finance will be studied.
|ECO 214 - Principles of Macroeconomics
(4 credits) Macroeconomics concerns itself with economic aggregates such as inflation, unemployment, recessions, national debt, and international trades. Macroeconomic models will be introduced. These models will be used to understand the application of monetary and fiscal policy. Prerequisite: ECO213.
|MAT 117 - Applied Statistics for Management
(3 credits) (IGE option under Quantitative Reasoning) Topics in probability and statistics with an emphasis on problems in business: descriptive measures, distributions, one sample estimation and hypothesis testing, correlation, simple linear regression. Prerequisite: C- or better in MAT090 or an ACT math score of 20 or above (SAT 480 or above).
|Choose one option: 3-4
|CSC 102 - Business Computing|
(2 credits) This course serves as an introduction to common business- oriented computer technologies and issues. Computer applications, misuse and the ethical use of computers in business are explored in detail. Current software applications are studied through laboratories, demonstrations and assignments. Students will learn advanced uses of application programs including spreadsheet processing and information processing with databases.
|CSC 110 - Advanced Spreadsheets|
|Option 2: 4
|CSC 171 - Computer Science I|
(4 credits) (IGE option under Quantitative Reasoning) This is the first in a two-semester sequence of courses that introduces students to fundamental aspects of the field of computing; focusing on problem-solving, software design concepts and their realization as computer programs. Topics include procedural abstraction, control structures, iteration, data types and their representation. An introduction to a high-level language, for the purpose of gaining mastery of these principles, will be provided in lectures and hands-on laboratory experiences. Prerequisite: C- or better in MAT090, an ACT math score of 20 or above (SAT 480 or above), or a passing score on the MAT090 placement exam.
|Choose one course: 3-4
|MAT 111 - Calculus for Management, Life and Social Sciences|
(3 credits) (IGE option under Quantitative Reasoning) A calculus course for non-majors that emphasizes applications and techniques that are of significance in business, biology, health and social sciences. Applications involving both differential and integral calculus are included. Prerequisite: C- or higher in MAT109, or an ACT math score of at least 22 (SAT 520 or above), or permission of mathematics department chair.
|MAT 112 - Calculus I|
(4 credits) (IGE option under Quantitative Reasoning) A study of functions, limits, derivatives and integrals with a strong emphasis on both theory and applications. Prerequisite: C- or higher in MAT109, or an ACT math score of at least 24 (SAT 550 or above), or permission of mathematics department chair.
*BUS300 is waived for students who have taken ACC315 and 316
|Business administration options
|Choose and complete the requirements of one or two of the following options, with no more than 8 credits of the same course work between options (a maximum of two options will be listed on the student’s transcript):
|Business administration/agri-business option
|AGR 201 - Animal Science|
(3 credits; alternate years, consult department) Designed to provide background in animal physiology including comparative characteristics and bodily functions of farm animals. This course also includes the livestock enterprise components of swine, beef, horses, sheep and poultry.
|AGR 212 - Crop Production|
(3 credits; alternate years, consult department) Covers basic principles of crop production, emphasizing the production of corn, soybeans, sorghum, small grains and forages. The effects of soil and climate on plant growth and production are integrated into the various crops studied. Weeds and weed control are also included.
|AGR 301 - Agricultural Marketing|
(3 credits; alternate years, consult department) Designed to provide exposure to the total agricultural marketing structure, with emphasis on market evaluation and decision-making. The cash market, local contracting, and the futures market are studied as tools in the development of an orderly marketing program.
|AGR 302 - Agri-business Management|
(3 credits; alternate years, consult department) This course is designed to expose the student to management principles and techniques as they apply to the agri-business setting.
|Business administration/finance option
|BUS 304 - Investments|
(4 credits) Models of risk and return are carefully developed to provide a basis for assessing investment opportunities and to enhance our understanding of the role and importance of financial markets. A considerable portion of the course will be devoted to the pricing of derivative securities including options, forward contracts and futures contracts. Prerequisite: BUS300 or ACC315.
|BUS 404 - Advanced Corporate Finance|
(4 credits) This course is a continuation of Principles of Finance. We will explore topics such as the cost of capital, capital structure and dividend policy, and analyze their significance in long-term financing decisions. We will also examine international aspects of corporate finance and the management of risk with derivative securities. Prerequisite: BUS300 or ACC315.
|ECO 301 - Money and Banking|
(4 credits) This course is designed to increase understanding of how banks and the banking system fit into the entire economic system. The functions of money, the federal reserve system, monetary theory, inflation and the international financial system will be taught. Prerequisites: ECO213 and 214.
|Business administration/general option
|Choose 11 credits:
|Accounting, business or economics (must be numbered 300-level or above)|
|Business administration/human resource option
|BUS 309 - Human Resource Management|
(3 credits) Students study the development of human resources management, including history, policies, practices and applications. Specific attention is paid to the study of the processes involving the management of human resources and its legal environment. Prerequisite: BUS250 or permission of instructor.
|BUS 321 - Business Law|
(3 credits) This course is designed to acquaint students with the legal principles which, when followed, allow business transactions to run smoothly and with predictability. The topics include contracts, agency and property law, plus criminal law, torts, the Uniform Commercial Code, the litigation process and alternatives to litigation. Both business and non-business students can benefit from this basic course on Anglo-American law.
|ECO 302 - Labor Economics|
(4 credits; alternate years, consult department) This course will look at labor productivity, determination of wages, demand for labor, labor migration, unions, government in the market place, discrimination and unemployment. Prerequisites: ECO213 and 214.
|PSY 230 - Industrial/Organizational Psychology|
(2 credits, alternate years, consult department) This course covers the psychological issues of the work place such as personnel selection and development, organizational psychology and the work environment. The professional activities of I/O psychologists are examined including selection and the placement of new employees, staff training and development, performance management, organizational development, analysis of the quality of work life and ergonomics.
|Business administration/management option
|BUS 323 - Operations Management|
(4 credits) This course integrates the theory, scope and practice of operations in industrial and service settings and the importance of supply chain management as a recent development in operations management. It includes the study of quality, lean management, supply chain management, capacity, scheduling, inventory control, logistics, forecasting and coordination. A strong emphasis is placed on practical and behavioral aspects of operations management. Prerequisite: BUS250.
|BUS 400 - Entrepreneurship and New Venture Initiation|
(4 credits) This course focuses on the principles of entrepreneurship and the process through which new ventures are designed, developed and implemented. It also includes student interaction with successful Christian entrepreneurs from a broad spectrum of businesses. Students will learn the theories of entrepreneurship, meet entrepreneurs who share their journey, and focus on "doing entrepreneurial activities" through crafting their own business plans. Prerequisite: junior class standing.
|ECO 333 - International Economics|
(4 credits) This course is a study of the theory and practice of international trade, international economic and monetary activity, balance of trade international payment mechanisms, exchange rate systems, functions of the International Monetary Fund, and the World Bank. Prerequisites: ECO213 and 214.
|Business administration/marketing option
|BUS 325 - Marketing Communications|
|BUS 401 - Consumer Behavior|
(4 credits) This course explores the cultural, social, personal and psychological factors influencing buyer behavior; buying-decision processes and stages; and learning theory integrated with consumer beliefs and attitudes. Prerequisite: BUS200.
|BUS 405 - Strategic and Managerial Marketing|
(4 credits) This course is designed to help students think strategically and analytically when addressing marketing problems. Students will learn the strategic process of situation assessment, marketing strategy formulation and implementation, and evaluation and adjustment. Managerial decisions regarding positioning, growth strategy, competitive advantage, market targeting and segmentation, price, and distribution will be covered in the context of overall market analysis and attractiveness. Prerequisite: BUS200.
|Total credits required: 47-51