Business Administration

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.

Business and economics department homepage

Major requirements

ACC 215 - Principles of Financial Accounting
This course covers the basic introduction to financial management and financial accounting, including an understanding of the concepts, principles and practices in these areas.(4 credits)
ACC 216 - Principles of Managerial Accounting
This course covers the basic concepts, principles and practice in managerial accounting, including the use of accounting in management decision-making. Prerequisite: ACC215.(3 credits)
BUS 200 - Principles of Marketing
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. (4 credits)
BUS 201 - Principles of Management
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. (2 credits)
BUS 300 - Principles of Finance *
This course covers the basic principles, theory and techniques of financial decision-making in the structure of a corporation. Prerequisites: ACC215 and 216; and either MAT109QR or MAT117QR. (2 credits)
BUS 315WI - Business Writing
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 businessclasses. (2 credits)(Writing intensive)

Cognate requirements

CSC 102 - Business Computing
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 - Advanced Spreadsheets
This class deals with advanced techniques for using spreadsheets. Topics tobe covered including writing conditional formulas, using built-in dataanalysis tools, creating PivotTables and PivotCharts, exploring andimporting data to and from other applications, linking data between otherapplications, and sharing Excel data on the World Wide Web. Basic computerprogramming concepts and the role of data analysis tools in business willalso be discussed. (1 credit)
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
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 MAT116QR, MAT117QR and MAT208QR.Prerequisites: C- or better in MAT090, an ACT math score of 20 or above (SAT 480 or above), a passing score on the basic algebra placement exam, or permission of instructor.(3 credits)(NWCore option under Quantitative Reasoning)


*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
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. (3 credits; alternate years, consult department)
AGR 212 - Crop Production
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 - Agricultural Marketing
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. (3 credits; alternate years, consult department)
AGR 302 - Agri-business Management
This course is designed to expose the student to management principles and techniques as they apply to the agri-business setting. (3 credits; alternate years, consult department)
AGR 417 - Internship
(2-12 credits) (4 credits may apply toward the major)
Business administration/finance option
BUS 304 - Investments
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
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. (4 credits)
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 - Calculus I
This course is a study 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 550 or above), or permission of mathematics department chair.(4 credits) (NWCore option under Quantitative Reasoning)
MAT 216 - Advanced Statistical Methods
Further topics in probability and statistics selected from: multiple regression, ANOVA, non-linear regression, covariance, collinearity, time series and auto-correlation. Prerequisite: C- or better in MAT116QR or 117QR or permission of instructor. (3 credits, alternate years, consult department)
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 - International Business
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.(4 credits)
BUS 418 - International Internship
(4 credits may apply toward the major)
ECO 333 - International Economics
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 - International Relations
An introduction to basic concepts in the study of the modern states system. We will study especially the problem of war and diplomacy in an "anarchical society." In addition, we will explore some Christian perspectives on the theory and practice of international relations, especially the contested concept of sovereignty. (4 credits, alternate years, consult department)
PSC 235 - Comparative Politics
A broad survey of politics, political change, political institutions and public policy in several selected countries from different continents. Contrasts with the United States are emphasized and special attention is paid to historical development, ideological, religious and social factors. (4 credits)
Course included with semester abroad (Must be pre-approved by the business department)
Business administration/management option
BUS 305 - Organizational Behavior and Theory
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. (4 credits, alternate years, consult department)
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 or permission of instructor. (3 credits)
BUS 323 - Operations Management
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. (4 credits)
BUS 400 - Entrepreneurship and New Venture Initiation
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. (4 credits)
ECO 302 - Labor Economics
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 - Marketing Communications
This course will examine promotional and integrated communication strategieswhich include various marketing communication functions: sales promotion,personal selling, branding, event promotion, public relations, advertising,and interactive marketing. Students will learn to utilize this informationin developing effective marketing communication strategies and programs.Prerequisite: BUS200. (4 credits)
BUS 401 - Consumer Behavior
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. (4 credits)
BUS 405 - Strategic and Managerial Marketing
This course is designed to help students think strategically andanalytically when addressing marketing problems. Students will learn thestrategic process of situation assessment, marketing strategy formulationand implementation, and evaluation and adjustment. Managerial decisionsregarding positioning, growth strategy, competitive advantage, markettargeting and segmentation, price, and distribution will be covered in thecontext of overall market analysis and attractiveness. Prerequisite: BUS200. (4 credits)
Choose two courses:
ART 220 - Graphic Design I
Graphic Design I is an introduction to the computer applications used in thecommunication, design and publishing fields. There will be an introductionto graphic design problems and projects in order to learn how theseapplications all work together. (4 credits)
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
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: Any of the following: COM263, ART220, ART230, or permission of instructor. (3 credits; non-yearly, consult department)

Total credits required: 50-54