Business

Majors and Degrees Offered

Accounting (B.S.)* (offered in Orlando and St. Louis)
Business Administration (B.S.)*+ (offered in Kansas City, Orlando, San Diego, and St. Louis)
Economics (B.A.) (offered in St. Louis)
Finance (B.S.) offered in St. Louis

*Also offered at the international campuses.

+Anticipated at campuses in Charleston, Columbia, and Greenville, S.C.

Minors Offered

Business*
Course requirements for minor in business: ACCT 2010, 2025, ECON 2010, 2020, FINC 3210, MNGT 2100
Economics*
Course requirements for minor in economics: ECON 2010, 2020, 3010, 3020, 3200, 3410, 4900
Finance
Course requirements for minor in finance: ACCT 2010, 2025, FINC 3210, 3600, 3800, 4210

*Also offered at the international campuses.

A minor requires a minimum of 18 credit hours of formal coursework from the University curriculum completed at Webster University. Courses used to fulfill a major may not also be used to fulfill a requirement for a minor.

Double Majors

Students who wish to double major within Accounting and Finance may do so. The student will complete the following Business Core Curriculum plus the specific requirements beyond that for each major. It is not necessary to make substitutions for the Business Core Curriculum. However, substitutions will be required for common required courses that are specific to the majors in question. Students may not have a double major of Business Administration with Accounting or Finance.

Students who wish to double major with Economics and either: Accounting, Finance or Business Administration may do so. These students will not need to substitute for MATH 1430, ECON 2010, ECON 2020, and BUSN 2750 reducing the required hours for the second major by 12 hours. Substitutions will be required for common required courses beyond these four.

Students who wish a double major in Accounting, Finance, or Business Administration along with a Bachelor of Arts in Management may do so. These students will not need to substitute for ACCT 2010, ACCT 2025, ECON 2010, ECON 2020, and MNGT 2100, reducing the required hours for the second major by 15 hours. Substitutions will be required for common required courses beyond these five.

Students who wish to double major in Economics along with a Bachelor of Arts in Management may do so. These students will not need to substitute for ECON 2010 and ECON 2020 reducing the required hours for the second major by 6 hours. Substitutions will be required for common required courses beyond these two.

Certificate Offered

Accounting (offered in Geneva only)

Special Study Opportunities

St udents in the School of Business and Technology have opportunities to study abroad at one of Webster University's international campuses. Students also can choose to participate in internships and practicum.

Webster University also offers upper-division degree-completion programs in business and management for adults with professional work experience and the equivalent of two or more years of previous college-level work at its metropolitan campuses in Kansas City, Missouri; Orlando, Florida; and San Diego, California; and at its Weekend College Program at Marymount College in Los Angeles, California. These students must complete general education requirements. Degree-completion programs are anticipated at campuses in Charleston, Columbia, and Greenville, S.C.

Special Requirements

Transfer students must complete a minimum of 18 credit hours of academic work in the Departments of Business and Management at Webster University. The accounting degree requires a minimum of 18 credit hours of accounting courses taken at Webster University. These courses may be part of the residency requirement.

No more than one course completed with a grade of D may count toward fulfilling the specific requirements of the major.

At the international campuses, MNGT 3320 Business Law: International may substitute for MNGT 3310 Legal Environment of Business.

Business Core Curriculum

The business core curriculum is designed to provide business students with a common core of courses that represent the "foundation" which provides all Business Department majors (economics excluded) with the basic skills and tools necessary to compete successfully in today's business environment. Building on this foundation will be the additional coursework necessary to develop the specific knowledge and skills defined by each major area of study.

Business Core Curriculum Requirements (42 credit hours)

MATH 1430 College Algebra 3 hours
ACCT 2010 Financial Accounting 3 hours
ACCT 2025 Managerial Accounting 3 hours
BUSN 2750 Introduction to Statistics 3 hours
MNGT 2100 Management Theory and Practice 3 hours
ECON 2010 Principles of Macroeconomics 3 hours
ECON 2020 Principles of Microeconomics 3 hours
FINC 3210 Principles of Finance 3 hours
CSIS 3410 Information Analysis 3 hours
MNGT 3310 Legal Environment of Business 3 hours
MNGT 3450 Organizational Behavior 3 hours
MNGT 3500 Marketing 3 hours
BUSN 4110 Operations Management 3 hours
BUSN 4990 Business Policy 3 hours

Business Administration (B.S.)

Degree Requirements

27 general education credit hours
42 business core curriculum credit hours
9 upper-level School of Business and Technology credit hours
50 elective credit hours

The bachelor of science (B.S.) in business administration covers the breadth of business-related disciplines as defined in the business core curriculum. The major does not provide a specific specialization but rather exposes the student to various business functions. This major is ideally suited to the new or transfer upper-division business student or for the student interested in concurrently pursuing another area of study. In addition to the business core curriculum, B.S. in business administration students will choose any 3 upper-level 3000-4000 courses (9 hours) from the School of Business and Technology.

Program Learning Outcomes

Students use information, analytical tools, and problem-solving skills to make well-reasoned business decisions, considering both quantitative factors and qualitative factors such as ethical considerations.
1. Students can perform statistical and quantitative analysis.
2. Students make decisions accounting for risk and
  qualitative factors.
3. Students can evaluate the impact of business decisions
  on a firm's stakeholders.
Students can perform financial analysis.
1. Students can prepare financial statements and reports.
2. Students can analyze financial information and evaluate the affect of decisions on the firm's financial performance.
Students can develop strategies addressing the legal, ethical, economic and global environment in which the enterprise operates.
1. Students can analyze the impact of pricing and production
  decisions considering market structure.
  1. Students can analyze the impact of macroeconomic events
    on the economic environment in which business operates.

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Accounting (B.S.)

Degree Requirements

27 general education credit hours
42 core business curriculum credit hours
30 accounting major required credit hours
29 elective credit hours

The bachelor of science (B.S.) in accounting is designed to provide students with the core knowledge, skills, and tools necessary to successfully enter the profession of accounting. The accounting curriculum will allow students to explore and appreciate the career opportunities in public accounting, corporate accounting, and other related areas. The program is also designed to offer the student a general, diversified business background that is significantly important to the accounting professional in today's technology driven, global business environment. In addition to the accounting major core courses, the elective credit hours available in the program allow students to focus their study in additional accounting courses that are coordinated to provide coverage of the topics that students are expected to know for the C.P.A. and C.M.A. examinations.

The degree requires a total of 128 credit hours. Transfer students must take at least 18 credit hours of accounting at Webster University to earn this degree.

Program Learning Outcomes

Accounting graduates demonstrate fundamental accounting knowledge relating to financial statement preparation and disclosure.
1. Students can prepare a complete set of financial statements.
2. Students can determine whether financial statements are prepared in accordance with Generally Accepted Accounting Principles (GAAP).
Accounting graduates display effective financial statement analysis and decision-making skills.
1. Students can analyze a set of financial statements using financial ratios.
2. Students can use financial statement data to make decisions about the allocation of financial resources of an enterprise.
Accounting graduates have an understanding of the legal and regulatory environment of business.
1. Students can manually prepare a personal tax return (Form 1040).
2. Students can manually prepare a corporate tax return (Form 1120).
3. Students demonstrate an understanding of how the legal environment affects the accounting profession.
Accounting graduates are able to utilize technology in solving accounting problems.
1. Students can develop and retrieve financial data from a database system.
2. Students can prepare financial statements using an approved accounting software package.

Required Accounting Courses

ACCT 3025 Advanced Managerial and Cost Accounting 3 hours
ACCT 3030 Intermediate Accounting I 3 hours
ACCT 3040 Intermediate Accounting II 3 hours
ACCT 3075 Federal Tax Accounting: Personal 3 hours
ACCT 3080 Federal Tax Accounting: Corporate 3 hours
ACCT 3200 Business Law for Accountants 3 hours
ACCT 3800 Accounting Information Systems 3 hours
ACCT 4100 Advanced Financial Accounting I 3 hours
ACCT 4220 Financial Statement Analysis 3 hours
ACCT 4900 Auditing 3 hours

Additional Accounting Courses--C.P.A. Track

ACCT 3045 Intermediate Accounting III 3 hours
ACCT 4090 Accounting for Not-for-Profit Organizations 3 hours
ACCT 4910 Auditing and Professional Responsibilities 3 hours

Additional Courses--C.M.A. Track

ACCT 3045 Intermediate Accounting III 3 hours
BUSN 4650 International Business 3 hours
ECON 3200 Money and Banking 3 hours

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Finance (B.S.)

Degree Requirements

27 general education credit hours
42 core business curriculum credit hours
21 finance major required credit hours
38 elective credit hours

The field of finance blends economics, accounting, and other business disciplines with the goal of making sound business financial decisions. Financial tools and methodologies are of crucial importance for both small and large businesses. Important areas of finance include raising capital, making investments, and understanding the financial markets in which businesses operate.

In addition to completing the core business curriculum requirements, students taking a major in finance will study the three general areas of finance: corporate finance, investments, and financial institutions and markets. Students will also complete at least one advanced course in each area after completion of the principles-level course. After completion of the finance core, students have choices to tailor their program according to their interests and career outlook. All finance majors will complete the business school's common core capstone course.

Program Learning Outcomes

Students can apply time value of money techniques to security valuation.
1. Students can solve time value of money problems.
2. Students can determine the value of fixed income securities.
3. Students can determine the value of stock.
Students can evaluate the financial decisions of corporations.
1. Students can evaluate corporate projects based on NPV and IRR.
2. Students can explain the impact of capital structure decisions on risk and profitability.
Students understand the risk-return relationship and can estimate appropriate rates of return.
1. Students can identify determinants of interest rates and specify how they affect required returns of securities.
2. Students can estimate required rate of return.

Required Finance Courses

Core Business Curriculum 42 hours

Required Finance Courses:

FINC 3600 Financial Management 3 hours
FINC 3800 Financial Markets and Institutions 3 hours
FINC 4210 Investments 3 hours
Elective Options: 12 hours
Four courses must be selected from the following list. Two of the four courses (6 credit hours) must be FINC prefix courses.
FINC 4220 Financial Statement Analysis
FINC 4300 International Finance
FINC 4610 Advanced Investments
ECON 3010 Intermediate Macroeconomics
ECON 3020 Intermediate Microeconomics
ECON 3200 Money and Banking
ACCT 3030 Intermediate Accounting I
ACCT 3040 Intermediate Accounting II
ACCT 3075 Federal Tax Accounting: Personal
ACCT 3080 Federal Tax Accounting: Corporate
ACCT 4600 Business Valuation

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Economics (B.A.)

Degree Requirements

38 required credit hours
27 general education credit hours
63 elective credit hours

The bachelor of arts (B.A.) in economics provides the student with a solid foundation in the discipline of economics. The major is designed as preparation for additional graduate education in economics, public administration, and law but is limited enough in size to allow students to pursue an additional area of study.

Program Learning Outcomes

Students demonstrate an understanding of macroeconomics.
1. Students understand basic macroeconomic concepts.
2. Students understand how changes in macroeconomic policy impact the economy.
Students demonstrate an understanding of microeconomics
1. Students understand basic microeconomic concepts.
2. Students can apply microeconomic concepts to real-world settings.
Students can apply economic principles to specialized topic areas in economics.
1. Students can apply macro and micro theories to discussions of international trade and finance.
2. Students can apply macro and micro theories to discussions of money and banking.
3. Students can apply macro and micro theories to labor economics.
4. Students demonstrate a historical perspective of where today's economic principles first originated.

Required Courses

ECON 2010 Principles of Macroeconomics 3 hours
ECON 2020 Principles of Microeconomics 3 hours
ECON 3010 Intermediate Macroeconomics 3 hours
ECON 3020 Intermediate Microeconomics 3 hours
ECON 3200 Money and Banking 3 hours
ECON 3410 Labor Economics 3 hours
ECON 4720 International Trade and Finance 3 hours
ECON 4900 History of Economic Thought 3 hours
BUSN 2750 Introduction to Statistics 3 hours
MATH 1430 College Algebra 3 hours
MATH 1440 Trigonometry 3 hours
MATH 1610 Calculus I 5 hours

Certificate Program: Accounting

(39 credit hours: 33 required and 6 requisite) Available in Geneva only

Description

This program is designed primarily for practitioners and users of accounting in industrial, commercial, and financial organizations. Emphasizing international practices, the curriculum offers specialized courses in financial accounting, management accounting, auditing, and taxation, as well as courses in finance and investment.

In addition to the 11 required courses (33 credit hours), students must have two requisite courses in financial and managerial accounting. The 11 core courses must be completed in residence at Webster University. A certificate in accounting is issued on successful completion of the program with a C or better in all courses and an overall G.P.A. of 2.5.

A student may complete both a bachelor of science (B.S.) degree in accounting and a certificate in accounting.

Requirements

6 credit hours requisite courses (These courses may be taken at Webster University, transferred, or waived for students with demonstrated competence.)
ACCT 2010 Financial Accounting 3 hours
ACCT 2025 Managerial Accounting 3 hours
33 credit hours accounting core courses (These courses must be taken in residence at Webster University.)
ACCT 3025 Advanced Managerial and Cost Accounting 3 hours
ACCT 3030, 3040, 3045 Intermediate Accounting I, II, III 9 hours
ACCT 3050 International Tax Accounting 3 hours
ACCT 4100, 4110 Advanced Financial Accounting I, II 6 hours
ACCT 4900 Auditing 3 hours
ACCT 4910 Auditing and Professional Responsibilities 3 hours
FINC 3210 Principles of Finance 3 hours
FINC 4210 Investments 3 hours

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Accounting Course Listings

ACCT 2010 Financial Accounting (3)

Introduces accounting with an emphasis on the relationships between business events and financial statements. The primary objective is to develop students who can explain how any given business event will affect the income statement, balance sheet, and statement of cash flows. This objective also includes an understanding of the accounting cycle, accounting terminology, collection of accounting data, data entry into the accounting system, and the basic financial accounting statements.

ACCT 2025 Managerial Accounting (3)

Managerial accounting emphasizes the use of accounting information for planning, control, and decision-making purposes in all types of organizations. This course explores topics in the areas of cost behavior, cost-volume-profit analysis, relevant cost analysis, cost accumulation and assignment, activity-based costing, profit planning and control, performance evaluation, responsibility accounting, and product costing systems. Prereq-uisite: ACCT 2010.

ACCT 3025 Advanced Managerial and Cost Accounting (3)

Expands on topics developed in managerial accounting and explores the use of cost management information to determine how costs affect each phase of an organization's value chain. Covers the basic concepts in accounting for the costs of production in a manufacturing firm and develops the accumulation of cost accounting data for external financial reporting purposes. This course also explores expanded cost management topics used internally by managers and emphasizes the various types of cost management systems used in carrying out its functions of planning and controlling a firm's operations. Prerequisite: ACCT 2025.

ACCT 3030 Intermediate Accounting I (3)

Covers theoretical foundations of accounting with concentration on the accounting model, which includes the balance sheet, statement of cash flows, income statement, present and future values theory, accounting for cash and investments, inventory, and inventory problems. Prerequisite: ACCT 2025.

ACCT 3040 Intermediate Accounting II (3)

Continues study of theoretical foundations of accounting, including capital stock, retained earnings, and debt financing through bonds and other securities. Prerequisite: ACCT 3030.

ACCT 3045 Intermediate Accounting III (3)

Continues study of theoretical foundations of accounting, including investments, revenue recognition, income taxes, pensions, leases, cash flows, and full disclosure in financial reporting. Prerequisite: ACCT 3040.

ACCT 3050 International Tax Accounting (3)

Studies the systems, concepts, and methods utilized in international tax accounting. Prerequisites: ACCT 2010 and ACCT 2025.

ACCT 3075 Federal Tax Accounting: Personal (3)

Studies the U.S. federal revenue system, concepts, and methods of determining federal income tax liabilities for individuals, corporations, partnerships, proprietorships, and estates and trusts. Prerequisite: ACCT 2025.

ACCT 3080 Federal Tax Accounting: Corporate (3)

Continues study of federal income liabilities for partnerships, corporations, and estates and trusts. Prerequisite: ACCT 3075.

ACCT 3100 Issues in Accounting (3)

Analyzes current and significant issues in accounting. The course focuses on existing theories and practices, with emphasis given to energizing topics, problems, and possible solutions. Prerequisites: ACCT 2010 and ACCT 2025. May be repeated for credit if content differs.

ACCT 3200 Business Law for Accountants (3)

A study of selected legal topics of importance to accountants and managers, with special emphasis on the technique of analyzing law problems and cases. Topics include legal responsibility, business organizations, con-tracts, debtor-creditor relations, and government regulation. Emphasis is given to the Uniform Commercial Code's provisions regarding sales, commercial paper, and transactions involving security interests. The course also covers employment law, personal property, bankruptcy, estates and trusts, and environmental regulation.

ACCT 3800 Accounting Information Systems (3)

The student examines the development and use of accounting information systems (AIS) in business organizations and the related technologies that support those systems. This course will develop the framework for an AIS by integrating the nine content areas as defined by the American Accounting Association's Report of the AAA Committee on Contemporary Approaches to Teaching Accounting Information Systems. Additionally, the student's conceptual understanding of the AIS will be enhanced by several hands-on projects that will include using current database technology to build an accounting information system. Prerequisites: ACCT 3025 and ACCT 3040.

ACCT 4090 Accounting for Not-for-Profit Organizations (3)

Accounting for government and not-for-profit organizations, including topics of fund accounting, budgetary planning and control, and analysis of various operations of these organizations. Prerequisites: ACCT 3025 and ACCT 3040.

ACCT 4100 Advanced Financial Accounting I (3)

Advanced development of applications of financial accounting concepts. The main emphasis is in the accounting entities: consolidations, partnerships, branch and affiliated companies, governmental units, nonprofit organizations, estates, and trusts. Emphasizes accounting principles in relationship to installment sales, consignments, segments of business enterprises, interim reporting, S.E.C. reporting, and multinational companies. Prerequisite: ACCT 3040.

ACCT 4110 Advanced Financial Accounting II (3)

Focuses on the specific theories and problems related to consolidation of accounting entities. Prerequisite: ACCT 4100.

ACCT 4220 Financial Statement Analysis (3)

Financial report analysis, interpretation, and evaluation from the viewpoints of creditors, owners, and others concerned with business strengths and weaknesses and future outlooks of business organizations. Prerequisites: ACCT 3040 and FINC 3210.

ACCT 4600 Business Valuation (3)

This course introduces the student to the basic concepts and methodology used to value a closely held business. It will familiarize the student with the three valuation approaches--asset, market, and income--used by business valuation professionals. The course will focus on the standards issued by the major accreditation bodies. It will familiarize the student with valuation models used on real-world valuation projects. Prerequisites: ACCT 3040 and FINC 3210.

ACCT 4900 Auditing (3)

Presents concepts, standards, and procedures used by independent auditors in verifying business data in order to render an opinion and report on the financial statements of the entity being examined. Includes professional and ethical relationships, study and evaluation of internal controls, audit program applications, statistical sampling concepts, and applications. Prerequisite: ACCT 4100.

ACCT 4910 Auditing and Professional Responsibilities (3)

Continues to introduce the present concepts, standards, and procedures used by independent auditors in verifying business data in order to render an opinion and report on the financial statements of the entity being examined. Includes professional and ethical relationships, study and evaluation of internal controls, audit program applications, statistical sampling concepts, and applications. Prerequisite: ACCT 4900.

ACCT 4920 Cases in Auditing (3)

This course involves the study of the academic literature related to auditing issues and ethics issues. Current research findings and their application and impact on the field of auditing will be analyzed and critiqued. The student will also be required to solve auditing problems involving real-world cases from local and national C.P.A. firms. Prerequisite: ACCT 4910.

ACCT 4950 Internship (1-6)

Prerequisite: major in accounting.

ACCT 4990 Accounting Seminar (3)

This course serves as the capstone experience for accounting majors by incorporating accounting topics covered throughout the accounting major and applying this knowledge to the study of real-world problems. Students will explore the variety of current issues facing the accounting profession in order to develop a big-picture perspective that integrates financial accounting and reporting, cost and managerial accounting, auditing and professional responsibilities, and other topics such as international accounting and information technology. Prerequisite: ACCT 4920.

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Business Course Listings

BUSN 1000 Business Spreadsheets (1)

Excel spreadsheets applications used in business plans, analysis of financial statements, and other business applications. May be repeated for credit if content differs.

BUSN 1200 Introduction to Business (3)

Surveys fundamental aspects of American business, including the private enterprise system, forms of business, financing, marketing, personnel, production, quantitative analysis, and government regulations.

BUSN 2100 Business Communications (3)

This course develops the communication abilities in the areas of business formats, presentations, formal presentation of business data, and oral communications related to business applications.

BUSN 2210 Personal Finance (3)

Studies principles of managing individual and family income, expenditures, and savings to meet present and future needs. Includes budgeting, investments, insurance, real estate, credit, and taxation.

BUSN 2750 Introduction to Statistics (3)

Studies the logic of empirical research and statistical tools: correlational techniques, chi square, critical ration, "t" test, and analysis of variance. Prerequisite: MATH 1430, or equivalent.

BUSN 3100 Issues in Business (1-3)

Analyzes current and significant issues in business. The course focuses on existing theories and practices, with emphasis given to energizing topics, problems, and possible solutions. Case studies are utilized in discussing each issue. May be repeated for credit if content differs.

BUSN 3700 Introduction to Entrepreneurship and Small Business Management (3)

This course introduces the concept of entrepreneurship and its relationship with small business. The course focuses on activities involved in planning, organizing, establishing, and controlling a small business. Includes procedures and problems in starting a business, managerial functions, marketing, and financing a new enterprise, as well as governmental regulations.

BUSN 3710 Entrepreneurial Financial Management (3)

This course will focus on the process an entrepreneur goes through to produce, understand, interpret, and use basic financial information to start, manage, or grow their entrepreneurial organization. As an entrepreneur and small business owner, each decision you make has financial implications. Entrepreneurs must be able to generate and understand their financial information in order to evaluate their organization's financial performance, to communicate clearly with their employees, bankers, and stakeholders, as well as to incorporate financial information into their day-to-day operations and decision-making process.

BUSN 3750 Quantitative Methods (3)

This course introduces the student to the basics of decision making and common errors in decision making. It will also familiarize the student with a number of decision-making techniques that can be used on real-world problems as well as in other courses in the program. Prerequisites: ACCT 2025, ECON 2020, and BUSN 2750.

BUSN 4110 Operations Management (3)

The course introduces a series of areas of management concern and the tools and techniques to analyze them and to make good decisions based on the analysis. The focus of the course is on recognizing the tools that are appropriate for each situation and on mastering the use of the tools for analytical purposes. Prerequisites: ACCT 2025, ECON 2020, BUSN 2750, MNGT 2100, and FINC 3210.

BUSN 4300 Business Ethics (3)

Presents theories of the role of the firm and socioeconomic responsibilities to the stockholders, employees, customer, suppliers, the community, the nation, and the world. Cross-listed with RELG 4310.

BUSN 4610 Reading Course (1-4)

Prerequisite: filing of an official form.

BUSN 4650 International Business (3)

A survey of international business operations, including organization structure, finance, taxation, marketing, cultural differences, global trade, capital markets and economic growth, the impact of regional trading blocs, corporate global competitiveness, and global strategies. Prerequisite: MNGT 2100.

BUSN 4950 Internship (1-6)

Prerequisite: major in Business Department.

BUSN 4990 Business Policy (3)

This course focuses on providing students the opportunity to develop experience and competence in using the theories, tools, and concepts that they have learned during the program to analyze and solve organizational problems typical of those they are likely to encounter in their first few years in management. The course will use cases and/or a simulation as the primary learning device(s). The simulation, covering decisions over multiple decision periods, will emphasize the dynamic nature of management decisions. Prerequisites: all of the required courses in the program and be within 15 credit hours of graduation.

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Economics Course Listings

ECON 2010 Principles of Macroeconomics (3)

Covers economic activity and growth, determination of income, employment, output, inflation, aggregate demand and supply, money and banking, monetary and fiscal policies, and international economic issues.

ECON 2020 Principles of Microeconomics (3)

Studies institutions and process of market specialization and exchange, pricing and output, competition and monopoly, government regulation, current economic problems, and international economic developments. Prerequisite: ECON 2010.

ECON 3010 Intermediate Macroeconomics (3)

This course covers advanced theory and applications in macroeconomics. Topics include growth, determination of income, employment and output, aggregate demand and supply, the business cycle, monetary and fiscal policies, and international macroeconomic modeling. Prerequisites: ECON 2010, ECON 2020, and competence in basic algebra.

ECON 3020 Intermediate Microeconomics (3)

This course covers advanced theory and applications in microeconomics. Topics include utility theory, consumer and firm choice, optimization, goods and services markets, resource markets, strategic behavior, and market equilibrium. Prerequisites: ECON 2010, ECON 2020, and competence in basic algebra.

ECON 3100 Issues in Economics (3)

Analyzes current economic issues in terms of historical background, present status, and possible solutions. Prerequisites: ECON 2010 and ECON 2020. May be repeated for credit if content differs.

ECON 3200 Money and Banking (3)

Studies the forms and functions of money, the commercial banks, the Federal Reserve system, and monetary theory and policy used as a tool to achieve economic goals. Includes banking and other financial institutions. Prerequisite: ECON 2010.

ECON 3410 Labor Economics (3)

Studies the labor market, compensations, labor unions, management and labor strategies, collective bargaining, and labor legislation. Prerequisites: ECON 2010 and ECON 2020.

ECON 3700 Economics of Development (3)

An analysis of issues and problems pertaining to natural resources management, manpower, capital accumulation, technological progress, and sociocultural-institutional factors. Prerequisites: ECON 2010 and ECON 2020.

ECON 4300 Public Finance (3)

Covers the growth and impact of the public sector. This includes revenue generation and the impact of public expenditures on the allocation of wealth in society. Topics include welfare economics, cost benefit analysis, public choice theory, the theory of optimal taxation, and selected public-sector issues. Prerequisites: ECON 2010 and ECON 2020.

ECON 4600 Comparative Economic Systems (3)

Examines and compares the concepts and techniques of systems, ranging from those that rely heavily on market mechanisms to allocate the resources to those that rely on central command or planning for resource allocation, and the systems that are a mixture of market and command. Prerequisites: ECON 2010 and ECON 2020.

ECON 4610 Reading Course (1-4)

Prerequisite: filing of official form.

ECON 4720 International Trade and Finance (3)

Students examine the theories, policies, and instruments (e.g., tariffs, quotas, V.E.R.'s) of international trade and consider trade integration. Course content also focuses on the foreign exchange market and balance of payments in international trade. Macropolicies in open economies, such as flexible exchange rates and the nature of world money, are examined. Theories and policies of foreign direct investment are considered. Prerequisites: ECON 2010 and ECON 2020.

ECON 4800 Industrial Organizational Economics (3)

Analyzes the structure, performance, and antitrust policies of industries. Includes major economic theories of the firm's objectives and decision making, pricing and output policies, market structures, industrial policies, and the role of multinational corporations in international markets. Prerequisites: ECON 2010 and ECON 2020.

ECON 4900 History of Economic Thought (3)

This course provides the student a context for understanding the modern economic paradigm. This is accomplished by introducing the student to the development of economic thought from its earliest formation through its current manifestation. Care is taken to demonstrate the interdependence of this development of thought and the historical social context. Prerequisites: ECON 2010 and ECON 2020.

ECON 4910 Comparative Economic Problems (3)

Analyzes economic issues confronting the world in achieving economic and social goals, the influence of market and public policies on attainment of goals, distribution of income, business cycle fluctuations, growth, inflation, technological progress, and concentration of economic power. Prerequisite: senior standing.

ECON 4950 Internship in Economics (1-6)

Prerequisite: major in Business Department.

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Finance Course Listings

FINC 3210 Principles of Finance (3)

Introductory course integrating concepts of corporate finance with investments and the money/capital markets. Topics include the role of money in the economy; the time value of money; financial analysis and planning; security valuation and capital market theory; capital budgeting; short- and long-term financing; and working capital management. Value maximization and risk/return tradeoffs in financial decision making are employed as integrative concepts throughout the course. Prerequisites: ACCT 2010, ACCT 2025, and BUSN 2750.

FINC 3600 Financial Management (3)

This course is a continuation and extension of the Principles of Finance course. The fundamental financial and operating decisions made by a firm are explored. Major topics include capital budgeting, cost of funds, capital structure analysis, and dividend policy. A combination of problem-solving and case-study methodologies is used. Prerequisite: FINC 3210.

FINC 3800 Financial Markets and Institutions (3)

Students develop a unified framework for understanding financial intermediaries and markets. They examine the structure, regulation, and operation of banking and non-banking financial institutions; analyze how central bank operations affect financial institutions; and develop an understanding of money and capital markets, the flow of funds through the economy, and the role of financial markets. Prerequisite: FINC 3210.

FINC 4210 Investments (3)

Introduces information about investing in securities, commodities, and options; and methods and techniques for analyzing investment opportunities and assessing financial conditions for investment purposes. Prerequisites: ACCT 2010, ACCT 2025, and FINC 3210.

FINC 4220 Financial Statement Analysis (3)

FINC 4300 International Finance (3)

Students develop a framework for understanding the environment in which the international financial manager operates. Foundations of global financial management, world financial markets and institutions, economic exposure, and transaction and translation exposure are examined in the course. Standard corporate finance topics such as capital structure, cost of capital, and capital budgeting are considered and expanded for multinational firms. Prerequisite: FINC 3210.

FINC 4610 Advanced Investments (3)

This course is a continuation and expansion of FINC 4210, which provides an introduction to the area of investments. Focus in this class will be on non-equity investment opportunities and portfolio management. Prerequisite: FINC 4210.