Economics and Business
The Department of Economics and Business seeks to prepare students with the professional skills and academic breadth necessary for leadership and service in the dynamic world of business, economics and accounting. Both theoretical and applied concepts of economics, business and accounting are stressed.
Economic theory and quantitative skills serve as the cornerstone for advanced work in economics and business. Knowledge of mathematics, strong oral and written communication skills and basic computer literacy are required, but we also expect our students to appreciate and draw from their knowledge of history, psychology, sociology, philosophy, ethics, politics, the natural sciences, other cultures and languages and the arts. The demands placed upon professional managers, accountants and economists require that they be competent in the use of the analytical tools of their trades and well-informed about the complex socio-economic environment in which they work.
Students majoring in the department are strongly encouraged to actively participate in co-curricular off-campus experiences in cities such as Philadelphia, Chicago and Washington, D.C; international programs around the world; internships with local business firms; and independent research projects.
A few distinctive programs within our department include:
- London May Term. A three-week international interdisciplinary experience in which the city of London and surrounding areas provide opportunities for robust experiential learning.
- China May Term. A three-week introduction to modern China and the remarkable economic, cultural and spiritual transformations underway in the country.
- Baker Scholars Program. Hope College is the only college in the State of Michigan, and one of 33 in the country, to have received a George F. Baker Foundation Grant. This program provides leadership development experiences for students pursuing careers in Economics, Business and Accounting.
- Hope College Business Club. The Business Club focuses on providing students with hands-on experiences, such as networking events, guest speakers, local business interactions and service opportunities.
- Upper level programs in finance, marketing and entrepreneurship that provide exposure, hands-on experience and skill development.
ADVISING PROCEDURES:
Upon declaration of a major and approval by the chairperson, the student will be assigned an advisor from the department. Together, they will work out a tentative program for the student to complete the major.
Majors
- Accounting
-
The department offers two tracks for accounting majors — one for general accounting and one for public accounting.
Students planning a career in public accounting should complete the 150-hour public accounting major. The department offers all the accounting courses required for taking the C.P.A. examination. With careful planning, both accounting tracks can be completed in four years and therefore, the cost of completing a graduate program would not be necessary. Students who wish to major in the area of professional accounting should contact a member of the accounting staff early in their careers, since this program requires a special sequence of courses. Any student contemplating taking the C.P.A. exam in a state other than Michigan should consult with his/her advisor no later than the first semester of his/her junior year. Students planning a career in industrial accounting, governmental or not-for-profit accounting, or banking and finance need to complete the traditional 126-hour program. Internships are available in both private and public sectors. See the following required courses, hours and prerequisites.
DEPARTMENTAL REQUIRED COURSES:
Economics:
- ECON 211 – Principles of Macroeconomics
- ECON 212 – Principles of Microeconomics
BUSINESS:
- BUS 222 – Management Perspectives & Theory
- BUS 341 – Business Law
- BUS 371 – Financial Management
Accounting:
- ACCT 221 – Financial Accounting
- ACCT 222 – Managerial Accounting
- ACCT 321 – Intermediate Accounting I
- ACCT 322 – Intermediate Accounting II
- ACCT 333 – Accounting Information Systems
- ACCT 375 – Cost Accounting
Minimum of 12 hours of 400–level electives in accounting required:*
- ACCT 423 – Auditing
- ACCT 425 – Individual Taxation
- ACCT 426 – Corporate Tax and Research
- ACCT 427 – Advanced Accounting
- ACCT 428 – Government and Not–for–Profit Accounting
- ACCT 430 – Ethics in Accounting
NON–DEPARTMENTAL REQUIRED COURSES:
- MATH 210 - Introductory Statistics
- MATH 311 and 312 also meet this requirement
- CSCI 140 – Business Computing
TOTAL DEPARTMENTAL AND NON-DEPARTMENTAL REQUIRED: 63 credit hours
Elective Accounting Courses:
- ACCT 361 – Accounting Practicum I
- ACCT 362 – Accounting Practicum II
- Accounting/Business
-
The accounting/business double major consists of the following required courses, hours and prerequisites.
DEPARTMENTAL REQUIRED COURSES:
Economics:
- ECON 211 – Principles of Macroeconomics
- ECON 212 – Principles of Microeconomics
- ECON – Economics elective - (300–level or above)
BUSINESS:
- BUS 222 – Management Perspectives & Theory
- BUS 331 – Marketing Management
- BUS 341 – Business Law
- BUS 361 – Operations Management
- BUS 371 – Financial Management
- BUS 401 – Management Seminar
Approved elective – Departmental OR non–departmental (DND elective) OR approved internship OR semester abroad
Accounting:
- ACCT 221 – Financial Accounting
- ACCT 222 – Managerial Accounting
- ACCT 321 – Intermediate Accounting I
- ACCT 322 – Intermediate Accounting II
- ACCT 333 – Accounting Information Systems
- ACCT 375 – Cost Accounting
Minimum of 12 hours of 400–level electives in accounting required:*
- ACCT 423 – Auditing
- ACCT 425 – Individual Taxation
- ACCT 426 – Corporate Tax and Research
- ACCT 427 – Advanced Accounting
- ACCT 428 – Government and Not–for–Profit Accounting
- ACCT 430 – Ethics in Accounting
NON–DEPARTMENTAL REQUIRED COURSES:
- MATH 210 - Introductory Statistics
- MATH 311 and 312 also meet this requirement
- CSCI 140 – Business Computing
TOTAL DEPARTMENTAL AND NON-DEPARTMENTAL REQUIRED: 83 credit hours
Elective Accounting Courses:
- ACCT 361 – Accounting Practicum I
- ACCT 362 – Accounting Practicum II
- Business
-
The business major is foundational, integrated, relevant, personal and challenging. See the following required courses, hours and prerequisites.
Departmental Required Courses:
Accounting:
- ACCT 221 – Financial Accounting
Economics:
- ECON 211 – Principles of Macroeconomics
- ECON 212 – Principles of Microeconomics
- ECON – Economics elective (300-level or above)
Business:
- BUS 222 – Management Perspectives & Theory
- BUS 331 – Marketing Management
- BUS 361 – Operations Management
- BUS 371 – Financial Management
- BUS 401 – Management Seminar
- Approved elective – Departmental OR non-departmental (DND elective) OR approved internship OR semester abroad
Non-Departmental Required Course:
- MATH 210 – Introductory Statistics
- MATH 311 and 312 also meet this requirement.
TOTAL DEPARTMENTAL AND NON-DEPARTMENTAL: 43-44 credit hours
Courses in workplace writing and business computing are recommended. Courses in communication and additional coursework in liberal arts are also recommended. Students are encouraged to take advantage of internship and other course experiences at The Philadelphia Center and in Chicago and study abroad programs around the world.
- Business/Economics
-
The business/economics double major consists of the following required courses, hours and prerequisites.
DEPARTMENTAL REQUIRED COURSES:
Accounting:
- ACCT 221 – Financial Accounting
Economics:
- ECON 211 – Principles of Macroeconomics
- ECON 212 – Principles of Microeconomics
- ECON 306 – Econometrics
- ECON 311 – Intermediate Macroeconomics
- ECON 312 – Intermediate Microeconomics
- ECON 401 – History of Economic Thought
- ECON 480 – Senior Research Project (offered spring term)
- ECON – Economics elective (300-level or above)
BUSINESS:
- BUS 222 – Management Perspectives & Theory
- BUS 331 – Marketing Management
- BUS 361 – Operations Management
- BUS 371 – Financial Management
- BUS 401 – Management Seminar
NON-DEPARTMENTAL REQUIRED COURSE:
Mathematics:
- MATH 131 – Calculus I
- MATH 210 – Introductory Statistics
- MATH 311 and 312 also meet this requirement.
TOTAL DEPARTMENTAL AND NON-DEPARTMENTAL: 64 credit hours
- Economics
-
The economics major offers a solid preparation for many paths; it is rigorous and analytical, as well as practical and useful.
DEPARTMENTAL REQUIRED COURSES:
Economics:
- ECON 211 – Principles of Macroeconomics
- ECON 212 – Principles of Microeconomics
- ECON 306 – Econometrics
- ECON 311 – Intermediate Macroeconomics
- ECON 312 – Intermediate Microeconomics
- ECON 401 – History of Economic Thought
- ECON 480 – Senior Research Project
- ECON – Economics elective (300-level or above)
- ECON – Economics elective (300-level or above)
NON-DEPARTMENTAL REQUIRED COURSES:
Mathematics:
- MATH 131 – Calculus I
- MATH 210 – Introductory Statistics
- MATH 311 and 312 also meet this requirement.
TOTAL DEPARTMENTAL AND NON-DEPARTMENTAL: 44 credit hours
- Public Accounting
-
Students who wish to pursue the public accounting pre-professional program should contact a member of the accounting staff early in their careers, since this program requires a special sequence of courses.
With careful planning, the 150-hour CPA Program can be completed in just four years. See the following required courses, hours and prerequisites.
REQUIRED dEPARTMENTAL COURSES:
TOTAL DEPARTMENTAL REQUIRED: 67 credit hours
Economics:
- ECON 211 – Principles of Macroeconomics
- ECON 212 – Principles of Microeconomics
BUSINESS:
- BUS 222 – Management Perspectives & Theory
- BUS 341 – Business Law
- BUS 371 – Financial Management
Accounting:
- ACCT 221 – Financial Accounting
- ACCT 222 – Managerial Accounting
- ACCT 321 – Intermediate Accounting I
- ACCT 322 – Intermediate Accounting II
- ACCT 333 – Accounting Information Systems
- ACCT 375 – Cost Accounting
- ACCT 423 – Auditing
- ACCT 425 - Individual Taxation
- ACCT 426 – Corporate Tax and Research
- ACCT 427 – Advanced Accounting
- ACCT 428 – Government and Not-for-Profit Accounting
One DEPARTMENTAL Elective COURSE REQUIRED:
SELECT FROM ONE course: 2-4 credit hours
- ACCT 430 – Ethics in Accounting
- BUS 331 – Marketing Management
- BUS 352 - Human Resource Management
- BUS 358 - Management in the British Economy
- BUS 361 - Operations Management
- BUS 395 - Advanced Studies in Business
- ECON 302 - Monetary Economics
- ECON 304 - Economic Growth and Development
- ECON 306 - Econometrics
- ECON 310 - Environmental Public Policy
- ECON 311 - Intermediate Macroeconomics
- ECON 312 - Intermediate Microeconomics
- ECON 318 - International Economics
- ECON 320 - Financial Economics
- ECON 358 - Management in the British Economy
- ECON 395- Advanced Studies in Economics
NON-DEPARTMENTAL REQUIRED COURSES:
TOTAL NON-DEPARTMENTAL REQUIRED : 12 credit hours
MATHEMATICS SKILLS:
- MATH 210 – Introductory Statistics
- MATH 311 and 312 also meet this requirement
Communications Skills:
- COMM 140 – Public Presentations
Computer Science Skills:
- CSCI 140 – Business Computing
TOTAL DEPARTMENTAL AND NON-DEPARTMENTAL REQUIRED : 81 credit hours
Elective Accounting Courses:
- ACCT 361 – Accounting Practicum I
- ACCT 362 – Accounting Practicum II
ACCT 423, 425, 427 and 428 are REQUIRED by the State of Michigan for those intending to take the CPA exam in Michigan. See your advisor if you plan to take the exam in another state. (Most require 150 hours.)
- Public Accounting/Business
-
The public accounting/business double major consists of 95 credits.
DEPARTMENTAL REQUIRED COURSES:
TOTAL DEPARTMENTAL REQUIRED: 83 credit hours
ECONOMICS:
- ECON 211 – Principles of Macroeconomics
- ECON 212 – Principles of Microeconomics
- ECON – ECON elective (300-level or above)
BUSINESS:
- BUS 222 – Management Perspectives & Theory
- BUS 3331 - Principles of Marketing
- BUS 341 – Business Law
- BUS 361 – Operations Management
- BUS 371 – Financial Management
- BUS 401 – Management Seminar
- APPROVED ELECTIVE – Departmental OR non-departmental (DND elective) OR approved internship OR semester abroad
ACCOUNTING:
- ACCT 221 – Financial Accounting
- ACCT 222 – Managerial Accounting
- ACCT 321 – Intermediate Accounting I
- ACCT 322 – Intermediate Accounting II
- ACCT 333 – Accounting Information Systems
- ACCT 375 – Cost Accounting
- ACCT 423 – Auditing
- ACCT 425 – Individual Taxation
- ACCT 426 – Corporate Tax and Research
- ACCT 427 – Advanced Accounting
- ACCT 428 – Government and Not-for-Profit Accounting
NON-DEPARTMENTAL REQUIRED COURSES:
TOTAL NON-DEPARTMENTAL REQUIRED: 12 credit hours
Mathematics Skills:
- MATH 210 – Introductory Statistics
- MATH 311 and 312 also meet this requirement
Communications Skills:
Both of the following courses are required:
- COMM 140 – Public Presentations
COMPUTER SCIENCE SKILLS:
- CSCI 140 – Business Computing
TOTAL DEPARTMENTAL AND NON-DEPARTMENTAL REQUIRED: 95 credit hours
ELECTIVE ACCOUNTING COURSES:
- ACCT 361 – Accounting Practicum I
- ACCT 362 – Accounting Practicum II
- ACCT 430 – Ethics in Accounting
Other ELECTIVE COURSES:
- BUS 352 - Human Resource Management
- BUS 358 - Management in the British Economy
- BUS 361 - Operations Management
- BUS 395 - Advanced Studies in Business
- ECON 302 - Monetary Economics
- ECON 304 - Economic Growth and Development
- ECON 306 - Econometrics
- ECON 310 - Environmental Public Policy
- ECON 311 - Intermediate Macroeconomics
- ECON 312 - Intermediate Microeconomics
- ECON 318 - International Economics
- ECON 320 - Financial Economics
- ECON 358 - Management in the British Economy
- ECON 395- Advanced Studies in Economics
ACCT 423, 425, 427 and 428 are REQUIRED by the State of Michigan for those intending to take the CPA exam in Michigan. See your advisor if you plan to take the exam in another state.
Minors
- Accounting
-
The minor requirements for accounting consist of 24 credits of coursework. Courses required are:
- ACCT 221 – Financial Accounting
- ACCT 222 – Managerial Accounting
And three courses from the following seven:
- ACCT 321 – Intermediate Accounting I
- ACCT 322 – Intermediate Accounting II
- ACCT 333 – Accounting Information Systems
- ACCT 375 – Cost Accounting
- ACCT 425 – Individual Taxation
- ACCT 427 – Advanced Accounting
- ACCT 428 – Governmental and Not-for-Profit
Also Required:
- MATH 210 – Introductory Statistics , or Statistical Methods (MATH 311) AND Applied Statistical Models (MATH 312)
See specific course for appropriate prerequisite(s). Minimum GPA 2.0.
- Business
-
The minor requirements for business consist of 28 credits of coursework. Courses required are:
- ECON 211 – Principles of Macroeconomics
- ECON 212 – Principles of Microeconomics
- ACCT 221 – Financial Accounting
- BUS 222 – Management Perspectives and Theory
- A 300–level business course
- An approved departmental or non-departmental elective.
Also required:
- MATH 210 – Introductory Statistics, or Statistical Methods (MATH 311) AND Applied Statistical Models (MATH 312)
See specific course for appropriate prerequisite(s). Minimum GPA 2.0.
- Economics
-
The minor requirements for economics consist of 28 credits of coursework. Courses required are:
- ECON 211 – Principles of Macroeconomics
- ECON 212 – Principles of Microeconomics
- Choose four 300+ Level Economics courses including two of the following:
- ECON 311 – Intermediate Macroeconomics
- ECON 312 – Intermediate Microeconomics
- ECON 306 - Econometrics
- ECON 401 - History of Economic Thought
- MATH 210 - Statistics
See specific course for appropriate prerequisite(s). Minimum GPA 2.0.
Interdisciplinary
737. Washington DC Semester — This program enables selected students from primarily business and economics (although
open to students of all disciplines) to work, live, and study in Washington, D.C.
It is an internship-centric program (at least 32 hours/week for 15 weeks) that allows
for significant experience and reflection in one's area of vocational interest. In
addition to the eight-credit internship, students will also take at least one class,
probably two, from the professor leading the program. The program also includes excursions
to museums, historical sights, and architectural wonders as well as taking advantage
of all the political and cultural opportunities within the D.C. area during the fall
semester.
Prerequisites: Permission of Program Director
4 Credits | Fall
Economic Courses
200. Economic Themes and Topics — Exploring "economic ways of thinking" as they apply to a theme or to issues of public
concern. The course is designed to fulfill the objectives of the Social Science II
General Education requirement and may not be applied toward a business, economics
or accounting major.
2 Credits | Fall, Spring | Social Science 2 (SS2)
211. Principles of Macroeconomics — An introduction to economic principles and concepts, designed to fulfill the objectives
of the college social science requirement and to prepare students for additional work
in economics, business, and accounting. The course deals with such topics as supply
and demand, markets, money, the determination of national income, employment and the
price level, and international trade. The government's role in the economy is examined
throughout.
4 Credits | Fall, Spring | Social Science 1 (SS1)
212. Principles of Microeconomics — An introduction to economic analysis at the microeconomic level which focuses on individual
and firm decision-making in a market environment. This course deals with such topics
as consumer demand, costs of production and supply, resource allocation, the role
of competition in markets, labor and resource markets and the economics of the environment.
Prerequisites: Econ 211 with a grade of C or better
4 Credits | Fall, Spring
295. Studies in Economics — A lecture or seminar class on a special topic of economics for majors and non-majors
in the discipline. For example, Ethics and Economics of Labor Unions has been offered
under this topic number.
2 or 4 Credits | As Needed
302. Monetary Economics — A study of the role of money, credit, and financial institutions, and the impact of
these areas on the general level of output, income and employment.
Prerequisites: Econ 212 with a grade of C or better
4 Credits | Fall, Spring
304. Economic Growth and Development — A study of the factors that influence the growth and development of modern economies
with particular emphasis on developing countries. Attention will be given to theoretical
models and to the interplay of social, political and cultural phenomena.
Prerequisites: Econ 212 with a grade of C or better
4 Credits | As Needed
306. Econometrics — An introduction to the mathematical and statistical tools used in constructing and
estimating economic models. Focuses on applications of multivariate regression analysis
in the areas of economic forecasting and hypotheses testing. Extensive use of the
computer.
Prerequisites: Econ 212 with a grade of C or better, Math 210 or equivalent
4 Credits | Fall
310. Environmental Public Policy — This course is an introductory analysis of the economic, scientific and political
factors involved in environmental public policy. American environmental management
will be viewed in terms of the interplay among economic efficiency, scientific feasibility
and the demands of the political process. Topics covered will include federal lands,
intergovernmental relations, agency law, comparative institutions, U.S. environmental
regulations and technological compliance. This course is team taught by faculty from
the Departments of Economics and Business, Geological and Environmental Sciences,
and Political Science, so that students are exposed to the interdisciplinary nature
of environmental public policy issues. Four hours of lecture per week. Fulfillment
of the NSL general education requirement is highly recommended prior to this course.
4 Credits | Spring
311. Intermediate Macroeconomics — This course examines the important concepts and theories concerning levels of income,
employment, interest rates and prices. It enables the student to understand the causes
of changes in these levels, and to understand the effectiveness of government policies
in affecting them.
Prerequisites: Econ 212 with a grade of C or better
4 Credits | Spring
312. Intermediate Microeconomics — Intermediate-level treatment of microeconomics concerned primarily with resource allocation
decisions under various product and resource market conditions. Implications for business
and public policy are emphasized.
Prerequisites: Econ 212 with a grade of C or better, Math 131
4 Credits | Fall
318. International Economics — This course presents a survey of the fields of international trade and finance with
attention given to fundamental theory and present policy and practice.
Prerequisites: Econ 212 with a grade of C or better
4 Credits | Fall
320. Financial Economics — This course explores the allocation of resources under conditions of uncertainty and
the economics of the finance industry. The various kinds of financial instruments
and their uses in portfolios will be examined. Topics include market behavior, trader
psychology, banking firms and special exotic products.
Prerequisites: Econ 212 with a grade of C or better
4 Credits | As Needed
358. Management in the British Economy — This interdisciplinary course explores the culture, politics, and economy of the British
along with their values and attitudes toward business. Special attention is paid to
unique forms of management and business organizations. This class utilizes an experiential-based
learning environment that includes seminars with leaders of business, labor, and government;
company visits; and numerous cultural activities that are conducted in London and
in various other locations in England.
Prerequisites: Permission of instructor
4 Credits | Summer
390. Internships in Vocation — The objective of this course is to help students 1) integrate theory and practice,
2) enhance their self-awareness and social-awareness competencies, and 3) seek their
mission in the world. The course is a customized and highly reflective experience
involving the professor, the student, and the placement supervisor. Enrollment in
the class is dependent upon students finding their own internship placements by working
with the Boerigter Center for Career and Calling. Students will not receive credit
for this course and Mgmt 391.
Prerequisites: Permission of instructor
1-4 Credits | Summer
395. Advanced Studies in Economics — A lecture or seminar in a special topic in advanced economics. For example, Law and
Economics will be offered under this number.
Prerequisites: Permission of instructor
1, 2, 4 Credits | As Needed
401. History of Economic Thought — An introduction to, and critical survey of, the important people and ideas in economic
theory. Attention is given to the interaction of economic ideas with the times in
which they arose, and the evolution of significant economic doctrines.
Prerequisites: Econ 211, Econ 212 with a grade of C or better
4 Credits | Spring
402. Industrial Organization/Economics of Strategy — A theoretical and empirical study of how the organization of markets affects the conduct
and performance of firms in those markets. Topics include the determinants of market
structure; the impact of market power on pricing, product differentiation, technological
change; and managerial strategy. Several specific U.S. industries will be studied,
and a strategic analysis of an industry will be performed.
Prerequisites: Econ 212 with a grade of C or better
4 Credits | Spring
403. Labor Economics — Study of the institutional and economic forces which determine wages and employment
in labor markets. Economic theory is used to analyze the impact of various policies
on the distribution of income. Topics include the economic effects of unions, minimum
wage legislation, investment in human capital, discrimination in labor markets, poverty
and transfer programs, and the disincentive effects of taxation. This course also
examines issues of work and vocation.
Prerequisites: Econ 212 with a grade of C or better
4 Credits | Fall, Spring
410. Economics of the Public Sector — Study of the role of government in a market economy. The theory and practice of taxation,
expenditure, analysis and government regulation are examined in terms of their impact
on economic efficiency and income redistribution. Topics include benefit-cost analysis,
environmental pollution, tax reform, healthcare economics, income transfer programs
and intergovernmental grants.
Prerequisites: Econ 212 with a grade of C or better
4 Credits | Fall
480. Senior Research Project — A capstone course required of all economics majors to develop advanced skills in economic
research and writing. A research paper will be prepared in conjunction with an upper-level
economics course being taken at the same time. Students may take Econ 306 either prior
to enrollment in or concurrently with the class.
Prerequisites: Econ 311 or Econ 312, Senior standing, Econ 306
Corequisites: Econ 306
4 Credits | Spring
490. Independent Studies in Economics — Independent studies in advanced economics under the supervision of a designated staff
member. Advanced standing in the department is highly recommended prior to this course.
Prerequisites: Permission of instructor
1-4 Credits | Fall, Spring
495. Advanced Studies in Economics — A lecture or seminar in a special topic in advanced economics. Advanced standing in
the department is highly recommended prior to this course.
Prerequisites: Permission of instructor
2-4 Credits | Fall, Spring
Business Courses
150. Introduction to Business — This course will introduce students to the various functions of business -- finance,
marketing, operations, human resources, and accounting. It will exam how they relate
to and complement each other as well as various types of businesses -- for profit,
social enterprise and non-profit. In addition, it will introduce students to ways
of thinking about their own personal development as it relates to calling and careers
in business organizations. The course includes applied aspects which could include
simulations, organization visits and panel discussions.
2 Credits | As Needed
222. Management Perspectives and Theory — Study of modern managerial principles and processes as usually associated with business
(but which principles also apply to the management of non-profit organizations such
as churches, schools, etc.) through an examination of the functions of planning, organizing,
leadership and controlling. Current problems facing businesses are reviewed. Changing
patterns of management are discussed.
Prerequisites: Econ 211 with a grade of C or better
4 Credits | Fall, Spring
295. Studies in Management — A lecture or seminar class in a special topic of business for majors and non-majors
in business.
2-4 Credits | As Needed
331. Principles of Marketing — This course develops decision-making skills in the context of managing the marketing
function in all types of organizations. This project-based course includes team assignment
to a company marketing opportunity. Simulations and case studies describing actual
marketing problems provide an opportunity for the student to develop an appreciation
for the types of problems which exist in the real world of marketing; and to develop
the skills of analysis and decision-making necessary for success in marketing and
other areas of organizations. Topics include marketing opportunity analysis, market
segmentation, product policy, promotion, channels of distribution, pricing policy,
and the analysis of complete marketing programs.
Prerequisites: Bus 222 with a grade of C or better, Acct 221 with a grade of C or better, Econ 212
with a grade of C or better, Math 210 or equivalent
4 Credits | Fall, Spring
341. Business Law — A survey of business law, stressing contracts and including an introduction to sales,
agency, negotiable instruments, and partnerships and corporations.
Prerequisites: Bus 222, Econ 212
3 Credits | Fall, Spring
352. Human Resource Management — The analytical and applied approach to human resources management for potential human
resource professionals, line management, or employees. Traditional personnel and labor
relations topics are presented such as the legal environment for management of employees,
job analysis, recruiting and selection of employees, performance evaluation, discipline,
and labor negotiation.
Prerequisites: Bus 222 with a grade of C or better, Acct 221 with a grade of C or better, Econ 212
with a grade of C or better, Math 210 or equivalent
4 Credits | Fall, Spring
356. Managing for Environmental Sustainability — The study of practices usually associated with business, but applicable to other organizations,
that create environmentally sustainable outcomes.
Prerequisites: Permission of instructor
4 Credits | As Needed
358. Management in the British Economy — This interdisciplinary course explores the culture, politics, and economy of the British
along with their values and attitudes toward business. Special attention is paid to
unique forms of management and business organizations. This class utilizes an experiential-based
learning environment that includes seminars with leaders of business, labor, and government;
company visits; and numerous cultural activities that are conducted in London and
in various other locations in England.
Prerequisites: Permission of instructor
4 Credits | Summer
361. Operations Management — This course examines the management of the conversion process -- converting raw materials,
land, labor, capital, and management inputs into desired outputs of goods and services.
This will include the study of traditional approaches as well as new contributions
from just-in-time practices, constraint theory, total quality management, and statistical
process control. The analysis of operational decisions will include strategic, productivity,
and ethical considerations.
Prerequisites: Bus 222 with a grade of C or better, Acct 221 with a grade of C or better, Econ 212
with a grade of C or better, Math 210 or equivalent
4 Credits | Fall, Spring
371. Principles of Finance — This course examines financial decision making within the context of public corporations.
The concepts of risk, rates of return, time value of money, valuation, and stewardship
are utilized to analyze financial decisions involving capital budgeting and capital
structure. The analysis of these decisions will include both financial and ethical
considerations. CSCI 140 is highly recommended prior to this course.
Prerequisites: Bus 222 with a grade of C or better, Acct 221 with a grade of C or better, Econ 212
with a grade of C or better, Math 210 or equivalent
4 Credits | Fall, Spring
382. Investment Fundamentals — This course is designed to help students understand the basic definitions, principles
and functions of various investment products. Students will be exposed to the various
types of risks associated with investment as well as their correlation to expected
investment returns. Throughout the course we will apply the tools of risk analysis
to contemporary issues affecting multiple investment options. After taking this course
students will better understand and relate to the investment topics and issues that
are relevant to everyday life.
Prerequisites: Bus 222
4 Credits | Fall, Spring
384. Business Analytics — The majority of today's most successful companies are investing in the development
of their analytical capabilities. They believe that these capabilities are required
to compete in today's marketplace. This has driven the demand for staff who understand
the fundamentals of business analytics. This is true in every key function and department.
This demand for staff who are familiar with the fundamentals of business analytics
exceeds the supply. Virtually everyone hired by these companies today is expected
to bring a higher level of analytic skill and knowledge to the job than was expected
of their predecessors. This course will give students a broad exposure to modern business
analytics. It will familiarize students with the ways these analytics are applied
by a variety of companies in a variety of industries. It will provide students with
an understanding of how analytics are used in a variety of functions within these
companies. It will help students understand how analytics creates value for these
companies.
Prerequisites: Bus 222, Econ 212
4 Credits | Fall, Spring
390. Internships in Vocation — The objective of this course is to help students 1) integrate theory and practice,
2) enhance their self-awareness and social-awareness competencies, and 3) seek their
mission in the world. The course is a customized and highly reflective experience
involving the professor, the student, and the placement supervisor. Enrollment in
the class is dependent upon students finding their own internship placements by working
with the Boerigter Center for Calling and Career. Permission of instructor required.
Prerequisites: Permission of instructor
4-8 Credits | Fall, Spring, Summer
395. Advanced Studies in Business — A lecture or seminar in a special topic in advanced business. Permission of instructor
required.
Prerequisites: Permission of instructor
2 or 4 Credits | Fall, Spring
401. Management Seminar — This seminar in management is intended to challenge participants to evaluate several
aspects of management more thoroughly than possible in a traditional classroom setting.
Students will work closely with the professor and others to read, evaluate, and discuss
topics of critical importance to successful leadership in organizations. Professors
may emphasize a management topic of particular interest to them and their professional
study. Common components may include: study of classic management readings and materials;
Christianity and leadership; vocation and calling as applied to management; personal
finance; business ethics; global business; and a written analysis of case studies
and other topics. A significant research paper may be required. Completion of major
requirements is highly recommended prior to this course.
Prerequisites: Senior standing
4 Credits | Fall, Spring
490. Independent Study in Business — Independent studies in advanced business under the supervision of a designated staff
member. Advanced standing in the department is highly recommended prior to this course.
Prerequisites: Permission of instructor
1-4 Credits | Fall, Spring
495. Advanced Studies in Business — A lecture or seminar in a special topic in advanced business. For example, Total Quality
Management and Finance Seminar have recently been offered under this number. Permission
of instructor is required.
Prerequisites: Permission of instructor
2-4 Credits | Fall, Spring
Accounting Courses
221. Financial Accounting — An introduction to the financial accounting model for business enterprises intended
for potential accounting majors, business majors, and others who wish to read, understand,
and analyze financial statements. Course includes lecture and discussion. Completion
during freshman or sophomore year highly recommended.
4 Credits | Fall, Spring
222. Managerial Accounting — This course is designed to examine the principles, techniques, and uses of financial
information which is used by managers to make decisions that positively impact organizational
outcomes. Topics include product pricing, break-even analysis and capital budgeting.
Course includes lecture and discussion.
Prerequisites: Acct 221
4 Credits | Spring
295. Studies in Accounting — A lecture or seminar class in a special topic of accounting for majors and non-majors
in accounting.
1-4 Credits | Fall, Spring
321. Intermediate Accounting I — A continuation of the study of financial accounting theory and practice at the intermediate
level. This course examines the development of accounting standards, the presentation
of income and retained earnings, the balance sheet and the statement of cash flows,
asset and liability recognition and measurement problems, and accounting for owners'
equity.
Prerequisites: Acct 221 with a grade of C or better
4 Credits | Fall
322. Intermediate Accounting II — A continuation of the study of financial accounting theory and practice at the intermediate
level. This course examines the development of accounting standards, the presentation
of income and retained earnings, the balance sheet and the statement of cash flows,
asset and liability recognition and measurement problems, and accounting for owners'
equity.
Prerequisites: Acct 321 with a grade of C or better
4 Credits | Spring
333. Accounting Information Systems — A study of the basics of contemporary information systems in both manual and computerized
environments. It includes the role of information in the management of business organizations.
Prerequisites: Acct 221
4 Credits | Spring
361. Accounting Practicum I — This course is designed to provide hands-on experience with accounting practitioners.
It will provide an opportunity for students to relate the theories and concepts learned
in their business and accounting classes to actual practice in an organizational setting.
Students are supervised by organizational managers. Students will work in public or
private accounting positions in the field. Other requirements include maintaining
an analytical journal, writing a final summary paper and participating in discussions.
A minimum of 8 credits in accounting courses is highly recommended prior to this course.
Prerequisites: Acct 221, Acct 222, Permission of instructor
4 Credits | Spring, Summer
362. Accounting Practicum II — This course is a continuation of Acct 361. It is designed to provide hands-on experience
with accounting practitioners. It will provide an opportunity for students to relate
the theories and concepts learned in their business and accounting classes to actual
practice in an organizational setting. Students are supervised by organizational managers.
Students will work in public or private accounting positions in the field. Other requirements
include maintaining an analytical journal, writing a final summary paper and participating
in discussions.
Prerequisites: Acct 361, Permission of instructor
4 Credits | Spring, Summer
375. Cost Accounting — Continuation of the study of cost accounting theory and practice with particular attention
given to cost information systems, cost control, planning of profits and costs, and
cost and profit analysis.
Prerequisites: Acct 221, Acct 222 with a grade of C or better
4 Credits | Fall
395. Advanced Studies in Accounting — A lecture or seminar class in a special topic in advanced accounting.
Prerequisites: Permission of department chairperson
1-4 Credits | Fall, Spring
423. Auditing — An introduction to basic audit planning and risk assessment, auditing techniques,
audit evidence, statistical sampling in auditing, auditing through and around the
computer, audit reports and opinions, ethics in auditing, and the legal and regulatory
environment.
Prerequisites: Acct 322, Acct 333
4 Credits | Spring
425. Individual Taxation — An introduction to federal tax accounting as it relates to income tax for individuals.
Prerequisites: Acct 322
4 Credits | Fall
426. Corporate Tax and Research — This course continues the study of taxation from Accounting 425. It emphasizes tax
concepts applied to corporations, S corporations, partnerships, limited liability
companies, estates, and trusts. It includes skills recommended by the AICPA Model
Tax Curriculum such as ethical considerations, team building, and research.
Prerequisites: Acct 425 with a grade of C or better
4 Credits | Spring
427. Advanced Accounting — Advanced studies in the theory and practice of accounting for business organizations
with particular emphasis on corporate combinations, partnerships, and international
accounting topics.
Prerequisites: Acct 322
4 Credits | Fall
428. Governmental and Not-for-Profit Accounting — A study of the accounting theory and practice and the applicable professional standards
for government and not-for-profit institutions.
Prerequisites: 322, Declared Public Accounting (150 cr.) major
4 Credits | Fall
430. Ethics in Accounting — A seminar class. It will familiarize the student with the spectrum of codes of ethics
in accounting and provide models for analyzing ethical issues. It includes discussions
directed toward identifying and examining a student's own personal and business code
of ethics.
Prerequisites: Acct 221, Acct 222
2 Credits | When Feasible
490. Independent Studies in Accounting — Independent studies in advanced accounting under the supervision of a designated staff
member. Advanced standing in the department is highly recommended prior to this course.
Prerequisites: Permission of department chairperson
1-3 Credits | Fall, Spring
495. Advanced Studies in Accounting — A lecture or seminar class in a special topic in advanced accounting.
Prerequisites: Permission of department chairperson
1-4 Credits | Fall, Spring
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