Majors in business administration are built upon a strong liberal arts basis and are recommended for students who are interested in careers in a wide variety of occupations or who plan to attend graduate school in business. You'll benefit from highly credentialed faculty who will mentor you and prepare you to live out your faith in the business world. As a department, we recommend experience in the field through credited internships.
BUS 304 -
(4 credits) Models of risk and return are carefully developed to provide a basis for assessing investment opportunities and to enhance our understanding of the role and importance of financial markets. A considerable portion of the course will be devoted to the pricing of derivative securities including options, forward contracts and futures contracts. Prerequisite: BUS300 or ACC315.
BUS 404 -
Advanced Corporate Finance
(4 credits) This course is a continuation of Principles of Finance. We will explore topics such as the cost of capital, capital structure and dividend policy, and analyze their significance in long-term financing decisions. We will also examine international aspects of corporate finance and the management of risk with derivative securities. Prerequisite: BUS300 or ACC315.
ECO 301 -
Money and Banking
(4 credits) This course is designed to increase understanding of how banks and the banking system fit into the entire economic system. The functions of money, the federal reserve system, monetary theory, inflation and the international financial system will be taught. Prerequisites: ECO213 and 214.
MAT 112QR -
(4 credits) (NWCore option under Quantitative Reasoning) This course is a study of functions, limits, derivatives and integrals with a strong emphasis on both theory and applications. Prerequisites: C- or higher in MAT109, or an ACT math score of at least 24 (SAT 570 or above), or permission of mathematics department chair.
Note: Meets four times per week.
Choose one course:
ECO 314 -
(4 credits; alternate years, consult department) Builds on the concepts of inflation, unemployment and economic growth learned in principles level macroeconomics. Introduces models with which the student will become more proficient in understanding how the economy works. Prerequisite: ECO214 and MAT111QR or 112QR.
ECO 315 -
(4 credits; alternate years, consult department) This course will examine economic theory and methodology with emphasis on the principles of price determination, consumer behavior, market equilibrium, optimality of resource allocation, production and costs, comparison of market structures, and the behavior of firms in nonperfect competition. Prerequisite: ECO213 and MAT111QR or 112QR.
ECO 375 -
Econometrics with Regression Analysis
(4 credits) This course, which is required for finance, economics, and actuarial science majors, is designed to introduce students to the fundamentals of econometric analysis. To this end, the primary focus is on simple and multiple linear
regressions using cross-sectional data and time series regressions. We will also discuss highly useful extensions including regression with binary dependent variables, and regression analysis using panel data if time. The course will put a heavy emphasis on empirical applications, econometric theory will be discussed where necessary but will not be the central focus.
Instead, we focus on estimating regression models using statistical packages such as R, SPSS, or Stata, and on interpreting the results. Both estimation and interpretation are highly marketable skills. The coverage of this course will be sufficient for SVEE Applied Statistics (SOA) and useful for CFA exams. More broadly, what you learn from this course will be valuable for a
career in consulting, banking, insurance, and other related fields. Prerequisites: C- or better in MAT112QR and MAT116QR or MAT117QR. Cross-Referenced: Cross-referenced in mathematics.
Business Administration Core
ACC 215 -
Principles of Financial Accounting
(4 credits) This course covers the basic introduction to financial management and financial accounting, including an understanding of the concepts, principles and practices in these areas.
ACC 216 -
Principles of Managerial Accounting
(3 credits) This course covers the basic concepts, principles and practice in managerial accounting, including the use of accounting in management decision- making. Prerequisite: ACC215.
BUS 200 -
Principles of Marketing
(2 credits) This course introduces students to marketing terminology; defines the elements necessary in moving a product, service or idea from concept to market sales; and enables students to understand and replicate the marketing process at an entry level.
BUS 201 -
Principles of Management
(2 credits) This course introduces the student to the basic principles of management. It includes the understanding of manager's actions in the work place, on the organization and employees. It includes the study of basic management tools and techniques.
BUS 221 -
Introduction to Legal Environment
(2 credits) The goal of this course is to provide the student with an introduction to the American legal system from a Christian perspective. Emphasis is placed on those topics which are particularly relevant to business and business transactions.
BUS 300 -
Principles of Finance *
(2 credits) This course covers the basic principles, theory and techniques of financial decision-making in the structure of a corporation. Prerequisites: ACC215 and ACC216; and either MAT109QR or MAT117QR.
BUS 403SR -
Strategic and Ethical Management
(4 credits) This capstone management major course is designed to assist students in analyzing and synthesizing the material covered in other courses throughout their studies along with integrating their faith with that of their business education. It focuses on an integrated approach to management decision-making using all of the functional areas of business with an
emphasis on strategic thinking. Prerequisites: Completion of business core and senior class standing.
Choose one course:
AGR 310WI -
(2 credits) (Writing intensive) Agribusiness Writing is an interdisciplinary writing course focused on the study and practice of written communication essential to success in the professional world. The course explores techniques and strategies specific to agribusiness writing through lectures, exercises, collaborative projects, and individual writing assignments.
Prerequisites: Sophomore standing and two ACC, AGR, BUS, or ECO courses.
BUS 315WI -
(2 credits) (Writing intensive) Business Writing is an interdisciplinary writing course designed to provide instruction on writing skills relevant to the workplace. The course focuses on the practice and study of methods of written communication that are utilized in the professional world. This course explores techniques and strategies specific to business writing
through in-class lectures and exercises, a group project, and individual writing assignments.
Prerequisites: Sophomore standing and two ACC, AGR, BUS or ECO courses.
Choose one course:
BUS 205 -
(2 credits) This course is an introduction to the field of project management. The main objective is to gain a basic overview of how project management is an art, a science, and a practice. Students will gain technical skills but even more importantly soft skills. Projects are about people, working with people, using skills like communication, working effectively in teams, interpersonal skills, time management, critical thinking, and organizational skills that are all highly valued by employers. The course will emphasize experiential learning and collaborative learning. Prerequisites: BUS200 or BUS201.
BUS 210 -
New Venture Innovation
(2 credits) This course is a foundational course designed to inspire and engage students in dimensions that drive new ideas as well as the methods and tools to develop innovation and problem solving. Students will address practical problems associated with starting a business, including a feasibility analysis. The focus is to empower learning through entrepreneurial thinking and immerse students in experiences that will develop skills for new ventures. This course will be of value to students of all majors and requires no specialized knowledge.
CSC 120 -
Business Data Analysis using Spreadsheets
(2 credits) This course teaches students to use spreadsheets to organize, calculate, analyze, and report on business data. Topics include using built-in statistical, logical, lookup, and financial functions, writing custom formulas and conditional formulas, using built-in data analysis tools, presenting information with charts and graphs, creating PivotTables and PivotCharts, exporting and importing data to and from other applications, sharing data on the World Wide Web, and using macros to automate tasks. The course will culminate by developing key performance indicators (KPIs) and dashboards.
ECO 213 -
Principles of Microeconomics
(4 credits) Microeconomics deals with price determination and how the price system functions. Supply and demand, output, competition, monopoly, resource pricing, international trade and finance will be studied.
ECO 214 -
Principles of Macroeconomics
(4 credits) Macroeconomics concerns itself with economic aggregates such as inflation, unemployment, recessions, national debt, and income inequality international trades. Macroeconomic models will be introduced. These models will be used to understand the application of monetary and fiscal policy.
MAT 117QR -
Applied Statistics for Management
(3 credits) (NWCore option under Quantitative Reasoning) The course is designed to study statistical methodology commonly used in business including descriptive statistics (the nature of data and how to summarize it), basic probability concepts, and inferential statistics (making claims or decisions from one or more sets of data using
confidence intervals and multiple types of hypothesis testing). Prerequisite: ACT math score of 20 or above (SAT 510 or above), ALEKS placement exam score of 46 or above, concurrent enrollment in MAT100, or permission of instructor.
Note: Students may receive credit for only one course among MAT 116QR, MAT 117QR and MAT 208QR.
Total credits required: 56