Business Department Homepage

Business Administration (BUS) and Economics (ECO)
The department of business administration and economics offers programs designed to provide an understanding of economics, business and accounting, and their relationship to life in our society. The courses give special attention to the problems of managing small organizations, both profit and nonprofit, and to providing students with a practical educational program that emphasizes leadership, innovation and responsible stewardship. This program is based on the philosophy that the best way to develop the creative problem-solving skills needed for a career in organizational leadership is to combine solid exposure to a broad liberal arts program with selected technical courses in the area of business and economics.

Students majoring in business may follow one of three broad tracks: general business, accounting or business education. The general business major provides for a variety of emphases, including management, marketing, finance, information management and agribusiness. Students may create individualized emphases in consultation with the department. Students with a special interest in entrepreneurial leadership should consult the section “Entrepreneurial Leadership.”

Majors
General Business

To complete an emphasis, a student must complete at least two additional electives for a total of four. All four electives must be selected from lists of preapproved courses or other courses approved by the department. The total credits required for an emphasis is 47. Students may complete more than one emphasis by completing additional electives.

The following courses are preapproved for the respective emphases:

Accounting
All Accounting majors must complete the following courses:

Due to the length of the accounting sequence and the frequency of course offerings, students are encouraged to complete BUS 353 in their sophomore year in order to be assured of graduating in four years.

Students desiring to become CPAs will need to complete additional credits in the department or in other areas in order to earn the 150 hours required to sit for the CPA examination.

Forensic Accounting Minor
The forensic accounting minor is available only to accounting majors. Students seeking a minor in forensic accounting must complete the following courses:

Business Education
Students interested in teacher certification in business must complete the following program. These courses specifically enable the teacher to teach 7-12 business after passing the appropriate tests. For further clarification, see “Education.”

Students must take BUS 317, EDU 300 and EDU 330SE simultaneously.

In order to provide maximum teaching flexibility, business education students should consider taking both ECO 231 and ECO 232.

A grade of B- or better is required in all courses required for the business education emphasis.

Business Minor
Students seeking a minor in business must complete the following courses:

7-12 Economics Education Endorsement
This endorsement requires a teaching major in 7-12, K-8 or K-12 and passage of the appropriate PRAXIS II test. The following courses are only suggested content in preparation for exceeding the minimum score of the PRAXIS II series test. These classes are not required for this endorsement; see your adviser or the education department chair for any clarification.

Associate of Arts
Students seeking an Associate of Arts in Business must complete the following courses:

Course Descriptions
Business (BUS)
101 Introduction to Business 3 hours F
This course is an introduction to business in a mixed economy. It includes an overview of the major areas of study in the business curriculum.

151 Principles of Accounting I 4 hours F
This course introduces students to the analysis of financial transactions, preparation of basic financial statements and use of computers in accounting analysis.
Prerequisite: Math competency.

152 Principles of Accounting II 4 hours S
Students continue to learn about the analysis of financial transactions, preparation of basic financial statements and use of computers in accounting analysis.
Prerequisite: BUS 151.

170 Introduction to Accounting 3 hours F,S
This course introduces the basic concepts and skills of accounting. BUS 170 is open only to high school students in an approved DWU dual-credit program. Refer to "Academic Programs" or contact the office of academic affairs for further information.
Comparable to: BUS Elective

200 Statistical Methods I 3 hours F,S
(Refer to MTH 200)

213 Typewriting: Advanced Skills and Teaching Methods 3 hours TBA
Students will develop advanced typing skills and the knowledge and skills needed to teach typing at the secondary school level.
Prerequisite: EDU 201.

216 Clerical Office Practice 3 hours TBA
Students will develop skills in office practice, including use of office machines, filing, office research, creating and processing documents, maintaining records and handling inquiries. Students will also develop the knowledge and skills needed to teach office practice at the secondary school level.
Prerequisite: EDU 201.

220 Concepts and Practices of Management 3 hours F,S
Students will examine the managerial process, including planning, organizing, staffing, directing and controlling. The class includes study of the relationship of these functions to the daily work of the manager and development of managerial skills.
Prerequisite: Sophomore status.

240 Personal Finance 3 hours F
This course includes principles of personal and family finance , including budgeting, banking, purchasing, insurance, investing and lifetime planning. The course can be taken as six separate modules (½ credit each) during different semesters.

250 Business Field Experience 1-2 hours F,S
This course introduces students to supervised fieldwork.
Prerequisite: BUS 101 or consent of instructor.

263 Business Law 3 hours F,S
Students will discuss the general principles of contracts, torts and property as applied to business relationships.
Prerequisites: BUS 101 and sophomore status.

299 Selected Topics - Basic 1-3 hours TBA

305 Computerized Accounting Applications 3 hours F
(Refer to CAT 305)

315 Leadership and Communication 3 hours F06
Students will study principles and examples of leadership, with special emphasis on servant leadership and developing the communication skills essential to effective leadership.

317 Methods of Teaching Business 3 hours TBA
Students will develop the knowledge and skills needed to teach business subjects at the secondary school level. This course includes designing courses, units and lessons; selecting materials and facilities; selecting teaching techniques; evaluation; professional development; and advising student business clubs.
Prerequisites: EDU 201 and SPD 206.
Corequisites: EDU 300 and EDU 330.
Prerequisites or Corequisites: Business Core, BUS 213, BUS 216, BUS 240 and CAT 215.

321 Organizational Behavior 3 hours F
(Refer to SOC 321)

322 Human Resource Management 3 hours S
This course applies basic principles of psychology, sociology and human relations to personnel management functions, including job design, labor requirements, recruiting, selection, training and development, performance appraisal, compensation, safety and health, and labor relations.
Prerequisite: BUS 220.

323 Management of Computer Systems and Networks 3 hours F
(Refer to CAT 323)

325 Agribusiness Management 3 hours TBA
Students will study resource management of a farm enterprise.
Prerequisite: Consent of instructor.

341 Money and Banking 3 hours F07
Students will examine banking institutions, theories and policies relating to monetary management of the economy in an international context.
Prerequisite: ECO 231 or consent of instructor.

342 Investments 3 hours F06
This course is an intensive analysis of investment institutions, philosophies and principles for the individual and institutional investor.

343 Agribusiness Finance 3 hours TBA
Students will study the sources and rationale for various types of financing for agricultural enterprises.
Prerequisite: Consent of instructor.

344 Corporate Finance 3 hours S
Students will study the principles of corporate financial management. The course includes financial planning, management of working capital, capital budgeting and techniques for raising long-term and short-term capital.
Prerequisite: BUS 152.

345 Insurance and Risk Management 3 hours S07
Students will study the characteristics of various types of insurance and their use in managing both personal and organizational risk. Topics include life insurance, health insurance, liability insurance and various types of casualty insurance.
Prerequisite: BUS 152 or consent of instructor.

346 Real Estate 3 hours S08
Students will study the nature of real estate transactions, real estate as an investment and principles for managing real estate. Land and physical property will be considered.
Prerequisite: BUS 152 or consent of instructor.

349 Taxation I 3 hours F06
This course is an intensive analysis of principles of taxation as applied to individual income.
Prerequisite: BUS 152.

350 Taxation II 3 hours S07
This course is an intensive analysis of principles of taxation as applied to business. Students will consider other issues in taxation.
Prerequisite: BUS 349.

353 Intermediate Accounting I 4 hours F
This course is an intensive analysis of financial transactions and financial statements with advanced use of computers.
Prerequisite: BUS 152 with B- or better.

354 Intermediate Accounting II 4 hours S
This course continues intermediate analysis of financial transactions and financial statements with advanced use of computers.
Prerequisite: BUS 353 with B- or better.

355 Cost Accounting 4 hours F07
Students will study principles of cost accounting, planning, control and analysis. This course includes job order and process costing.
Prerequisite: BUS 152.

356 Operations Management and Cost Analysis 3 hours S
Students will study selected topics in operations management, including procurement, process design, inventory control, scheduling, resource allocation and quality control.
Prerequisites: BUS 101 and BUS 152.

359 Agribusiness Accounting 3 hours TBA
This course applies principles of accounting to the agribusiness enterprise.
Prerequisite: BUS 152.

366 Employment Law 3 hours S07
This course reviews legal principles that apply to various aspects of human resource management.

371 Marketing 3 hours F
Students will study the marketing function in national and international business. The course includes discussion of market definition, marketing environment, marketing information and decision making about product, pricing, promotion and placement.
Prerequisite: BUS 101.

372 Salesmanship and Sales Management 3 hours S08
This course reviews basic concepts and practices of effective personal selling and of managing the sales process.

373 Advertising 3 hours S07
Students will study principles and practices of advertising, with emphasis on applications to small business.
Prerequisite: BUS 371 or consent of instructor.

374 Retailing 3 hours F07
This course is a comprehensive study of retail management, with an emphasis on small business.
Prerequisite: BUS 371 or consent of instructor.

376 Agribusiness Marketing 3 hours TBA
Students will study cash and futures marketing of agricultural products, including optimal contracting strategies.

381 Business Ethics and Social Policy 3 hours S
This course is an introduction to ethical decision making as related to business management and public policy relating to business. It includes both theory and application to current issues.
General Education: Philosophical/Theological Conceptions

450 Business Internship 1-16 hours F,S
Students will gain advanced fieldwork experience. It may be part time or full time, but involves work at the managerial level.
Prerequisites: Business Core and consent of instructor.

451 Fraud Examination 3 hours F06
Fraud examination will cover the principles and the mythology of fraud detection and deterrence. The course includes such topics as skimming, cash larceny, check tampering, register disbursement schemes, billing schemes, payroll and expense reimbursement schemes, noncash misappropriations, corruption, accounting principles and fraud, fraudulent financial statements, and interviewing witnesses.

452 Forensic Accounting 3 hours F07
This course will examine fraud in the business sector with a focus on case analysis. Topics include the nature of fraud, who commits fraud and why, fraud prevention, fraud detection, fraud investigation, management fraud, resolution of fraud and other topics of fraud. The goal is to provide an awareness of how much fraud exists, why fraud is so prevalent and to have a basic knowledge of how to prevent and detect fraud.
Prerequisites: BUS 451.

457 Advanced Accounting I 3 hours F
Students will study accounting for partnerships, parent and subsidiary relationships, preparation of consolidated balance statements, income and surplus statements, and nonprofit organizations.
Prerequisite: BUS 354 with B- or better.

458 Auditing 3 hours S08
Students will study methods of examining and adjusting financial records.
Prerequisite: BUS 354 with B- or better.

459 Advanced Accounting II 3 hours S
Students will continue to study accounting for partnerships, parent and subsidiary relationships, preparation of consolidated balance statements, income and surplus statements, and nonprofit organizations.
Prerequisite: BUS 457 with B- or better.

482 Senior Business Project 3 hours F,S
This course is intended as a senior integrative experience for business majors, except those in accounting or business education. It is a comprehensive analysis of an operating business enterprise.
Prerequisites: BUS 101, BUS 220, BUS 344, BUS 356 and BUS 371.

483 Independent Study 1-3 hours F,S
Students will study a selected topic in business.
Prerequisite: Consent of instructor.

499 Selected Topics - Advanced 1-3 hours TBA
(On demand)

Course Descriptions
Economics (ECO)
231 Principles of Macroeconomics 3 hours S
This course introduces students to analysis of the macroeconomy. It includes study of aggregate supply and demand model, Keynesian multiplier model, banking and monetary policy, and applications to current macroeconomic problems.
General Education: Social, Psychological and Political Thought–Institutional

232 Principles of Microeconomics 3 hours F
This course introduces students to economic analysis of the individual firm and market. It includes study of a basic supply and demand model, the role of government in the economy, cost analysis of the firm, and application of principles to various markets and social problems.
General Education: Social, Psychological and Political Thought–Institutional

336 Economics of Development 3 hours S08
Students will study objectives, theories and problems of development at the international, state and local levels.

499 Selected Topics - Advanced 1-3 hours TBA