Majors in business administration are built upon a strong liberal arts basis and are recommended for students who are interested in careers in a wide variety of occupations or who plan to attend graduate school in business. You'll benefit from highly credentialed faculty who will mentor you and prepare you to live out your faith in the business world. 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
(3 credits) This course introduces students to marketing terminology; defines the elements necessary in moving a product, service or idea from concept to market sales; and enables students to understand and replicate the marketing process at an entry level.
BUS 201 -
Principles of Management
(2 credits) This course introduces the student to the basic principles of management. It includes the understanding of manager's actions in the work place, on the organization and employees. It includes the study of basic management tools and techniques.
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 216 and MAT117.
BUS 315WI -
(2 credits)(Writing intensive) Business Writing is an interdisciplinary writing course designed to provide instruction on writing skills relevant to the workplace. The course focuses on the practice and study of methods of written communication that are utilized in the professional world. This course explores techniques and strategies specific to business writing through in-class lectures and exercises, a group project, and individual writing assignments. Prerequisites: Sophomore standing and two business classes.
CSC 102 -
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.(2 credits)
CSC 110 -
ECO 213 -
Principles of Microeconomics
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. (4 credits)
ECO 214 -
Principles of Macroeconomics
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. (4 credits)
MAT 117QR -
Applied Statistics for Management
(3 credits)(NWCore option under Quantitative Reasoning) The course is designed to study statistical methodology commonly used in business including descriptive statistics (the nature of data and how to summarize it), basic probability concepts, and inferential statistics (making claims or decisions from one or more sets of data using confidence intervals and multiple types of hypothesis testing).Note: Students may receive credit for only one course among MAT 116QR, MAT 117QR and MAT 208.Prerequisites: C- or better in MAT090, an ACT math score of 20 or above (SAT 510 or above), a passing score on the basic algebra placement exam, or permission of instructor.
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 -
(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 -
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. (3 credits; alternate years, consult department)
AGR 301 -
(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 -
(3 credits; alternative years, consult department) This course is designed to expose the student to management principles and techniques as they apply to the agri-business setting.
AGR 417 -
(4 credits may apply toward the major)
Business administration/finance option
BUS 304 -
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. (4 credits)
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
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. (4 credits)
MAT 112QR -
(4 credits) (NWCore option under Quantitative Reasoning) This course is astudy of functions, limits, derivatives and integrals with a strongemphasis on both theory and applications.Note: Meets four times per week.Prerequisites: C- or higher in MAT109, or an ACT math score of at least24 (SAT 570 or above), or permission of mathematics department chair.
MAT 216 -
Advanced Statistical Methods
This course, which is required for finance, economics, and actuarial sciencemajors, is designed to introduce students to the fundamentals of econometricanalysis. To this end, the primary focus is on simple and multiple linearregressions using cross-sectional data and time series regressions. We willalso discuss highly useful extensions including regression with binarydependent variables, and regression analysis using panel data if time. The course will put a heavy emphasis on empirical applications; econometrictheory will be discussed where necessary but will not be the central focus.Instead, we focus on estimating regression models using statistical packagessuch as R, SPSS, or Stata, and on interpreting the results. Both estimationand interpretation are highly marketable skills. The coverage of this coursewill be sufficient for SVEE Applied Statistics (SOA) and useful for CFAexams. More broadly, what you learn from this course will be valuable for acareer in consulting, banking, insurance, and other related fields. Prerequisite: C- or better in MAT112QR and in MAT116QR or 117QR.(4 credits)
Business administration/general option
Choose a minimum of 15 credits:
Accounting, business or economics (must be numbered 300-level or above)
Business administration/international business option
BUS 415 -
(4 credits) This course is designed to assist students in applying what they have learned in other courses to the international business environment. An emphasis on culture and the interconnections of management functions in global commerce provide an integrated approach to international management decision-making, using all of the functional areas of business. Prerequisites: junior or senior class standing.
BUS 418 -
(4 credits may apply toward the major)
ECO 333 -
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. (4 credits)
Choose two courses:
PSC 230 -
No course description available.
PSC 235 -
No course description available.
Course included with semester abroad (Must be pre-approved by the business department)
Business administration/management option
BUS 305 -
Organizational Behavior and Theory
(4 credits, alternate years, consult department) This course will review the major historical and contemporary themes and phases of organizational theory and behavior. The class will examine and discuss the evolution and practice of the modern organization. The course will provide an understanding of the key concepts and principles of organization theory and behavior. This course will provide an opportunity for critical analysis of practical application of the concepts identified through the readings and lecture. Prerequisite: BUS201.
BUS 309 -
Human Resource Management
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. Prerequisites: BUS201 and BUS305 or permission of instructor. (3 credits)
BUS 323 -
The course integrates the theory, scope and practice of operations in industrial and service, including scheduling, inventory control, logistics, forecasting and coordination. A strong emphasis is placed on practical and behavioral aspects of operations management. Prerequisite: BUS201. (3 credits)
BUS 400 -
Entrepreneurship and New Venture Initiation
(2 credits) This is an upper-level course focusing on student interaction with successful Christian leaders from a broad spectrum of professional fields. Each week, one scheduled speaker will both meet informally with the class and participate in a classroom seminar. Students will maintain a journal of their observations; readings from a variety of entrepreneurial and leadership sources will be required. The student will also be required to participate in the Spring Leadership Conference at NWC and attend off-site experiential activities in the local area. Prerequisite: junior class standing.
ECO 302 -
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. (4 credits; alternate years, consult department)
Business administration/marketing option
BUS 325 -
(4 credits) This course will examine promotional and integrated communication strategies which include various marketing communication functions: sales promotion, personal selling, branding, event promotion, public relations, advertising, and interactive marketing. Students will learn to utilize this information in developing effective marketing communication strategies and programs. Prerequisite: BUS200.
BUS 401 -
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. (3 credits)
BUS 405 -
Strategic and Managerial Marketing
(3 credits) This course focuses on applying marketing management from a strategic perspective in the business world. Students explore the strategic orientation in the marketing function, decision making, marketing applications and operations and ethical considerations; while developing strategic marketing plans for real-world clients. Students maintain a journal of their observations and present a deliverable plan to their clients. Prerequisite: BUS200. (3 credits)
Choose two courses:
ART 220 -
Graphic Design I
COM 263 -
Layout and Design
Covers basic principles of design as they apply to a wide variety of publications. Emphasis on selecting type, art and graphics appropriate to subject matter, purpose and audience.(3 credits)
COM 315 -
Writing and Design for the Web
(3 credits; alternate years, consult department) Study of writing and design for a Web environment. Students will analyze Internet sites and design sites of their own, using a standard program for Web design. Prerequisites: ENG184 or equivalent and any of the following: COM263, ART220, ART230, or permission of instructor.
Total credits required: 50-54