Both Economics majors and
Business Administration majors must take the same common core of
courses. No course in the Economics and Business Administration
Department may be used to satisfy more than one departmental
requirement.
Common core courses:
12.101
Principles of Macroeconomics
12.102
Principles of Microeconomics
12.120
Introduction to Financial Accounting
12.201
Quantitative Economics and Business I
12.202
Quantitative Economics and Business II
12.301
Intermediate Macroeconomic Theory
12.302
Intermediate Microeconomic Theory
12.330
Managerial Finance I
43.123
College Algebra*
63.120
Introduction to Information Technology
Economics majors must also
take:
12.480
Senior Economics Seminar
*Students with a score on the
mathematics placement exam which allows them to take 43.200 Precalculus
may substitute 43.117 Introduction to Statistics, 43.200 Precalculus or
43.215 Finite Mathematics; students with a score which qualifies them
for calculus may substitute 43.219 Calculus I.
All Economics majors must select two (2) courses from the following
list:
12.230
Urban Economics
12.260
Labor Economics
12.312
Comparative Economic Systems
12.320
Money and Banking
12.341
Public Choice and Expenditure
12.402
Industrial Organization
12.410
International Trade
12.450
History of Economic Thought
Economics majors must select
an additional two (2) courses from the following list or complete the
requirements of one of the concentrations listed below:
12.230
Urban Economics
12.260
Labor Economics
12.312
Comparative Economic Systems
12.320
Money and Banking
12.341
Public Choice and Expenditure
12.402
Industrial Organization
12.410
International Trade
12.411
International Finance
12.435
Managerial Economics
12.450
History of Economic Thought
12.470
Applied Econometrics for Economics and Business
34.210
Consumer Economics
CONCENTRATIONS
APPLIED MICROECONOMICS (EOM)
A. Required courses:
12.435
Managerial Economics
B. Students choose five
(5):
12.230
Urban Economics
12.260
Labor Economics
12.341
Public Choice and Expenditure
12.402
Industrial Organization
12.410
International Trade
12.411
International Finance
12.470
Applied Econometrics for Economics and Business
34.210
Consumer Economics
43.307
Intermediate Statistics
QUANTITATIVE ECONOMICS (EOQ)
A. Required courses:
43.219
Calculus I
43.226
Linear Algebra and Applications
B. Plus two (2)
electives from:
43.220
Calculus II
43.221
Calculus III
43.307
Intermediate Statistics
C. Plus two (2) electives from:
12.230
Urban Economics
12.260
Labor Economics
12.320
Money and Banking
12.341
Public Choice and Expenditure
12.402
Industrial Organization
12.410
International Trade
12.411
International Finance
12.435
Managerial Economics
12.470
Applied Econometrics for Economics and Business
FINANCE (EOF)
A. Required courses:
12.121
Introduction to Managerial Accounting
12.320
Money and Banking
12.431
Managerial Finance II
B. Plus two (2)
electives from:
12.305
Quantitative Methods in Business
12.411
International Finance
12.445
Investments
BUSINESS (EOB)
A. Required courses:
12.121
Introduction to Managerial Accounting
12.271
Marketing Principles
12.280
Applied Organizational Theory and Management
B. Plus two (2)
electives from:
12.260
Labor Economics
12.215
Legal Environment of Business
12.305
Quantitative Methods in Business
12.320
Money and Banking
12.402
Industrial Organization
12.411
International Finance
12.412
International Business
12.428
Taxation
12.431
Managerial Finance II
12.435
Managerial Economics
12.445
Investments
12.470
Applied Econometrics for Economics and Business
12.485
Business Policy and Strategy
BUSINESS ADMINISTRATION MAJOR
(BAG)
Both Economics majors and
Business Administration majors must take the same common core courses.
Business Administration majors must also complete a set of core business
courses. No course in the Economics and Business Administration
Department may be used to satisfy more than one departmental
requirement.
Common core courses:
12.101
Principles of Macroeconomics
12.102
Principles of Microeconomics
12.120
Introduction to Financial Accounting
12.201
Quantitative Economics and Business I
12.202
Quantitative Economics and Business II
12.301
Intermediate Macroeconomic Theory
12.302
Intermediate Microeconomic Theory
12.330
Managerial Finance I
43.123
College Algebra*
63.120
Introduction to Information Technology
*Students with a score on the
mathematics placement exam which allows them to take 43.200 Precalculus
may substitute 43.117 Introduction to Statistics, 43.200 Precalculus or
43.215 Finite Mathematics; students with a score which qualifies them
for calculus may substitute 43.219 Calculus I.
Business Administration majors
must also take:
12.485
Business Policy and Strategy
Core business courses:
12.121
Introduction to Managerial Accounting
12.208
Microcomputer Applications in Business
12.215
Legal Environment of Business
12.271
Marketing Principles
12.280
Applied Organizational Theory and Management
All students majoring in
Business Administration must then either select two (2) electives from
the following list or elect a concentration:
12.305
Quantitative Methods in Business
12.310
Marketing Research
12.313
Promotional Strategy
12.318
International Marketing
12.320
Money and Banking
12.326
Cost Accounting
12.371
Marketing Management
12.372
Operations Management
12.375
Sales Management
12.381
Human Resource Management
12.402
Industrial Organization
12.411
International Finance
12.412
International Business
12.428
Taxation
12.431
Managerial Finance II
12.435
Managerial Economics
12.445
Investments
12.470
Applied Econometrics for Economics and Business
CONCENTRATIONS
ACCOUNTING (BAA)
Required courses:
12.321
Intermediate Accounting I
12.322
Intermediate Accounting II
12.326
Cost Accounting
12.428
Taxation
FINANCE (BAF)
Required courses:
12.320
Money and Banking
12.431
Managerial Finance II
12.445
Investments
Plus one (1) elective from:
12.305
Quantitative Methods in Business
12.411
International Finance
12.474
Topics in Finance
INTERNATIONAL BUSINESS (BAI)
Required courses:
12.410
International Trade
12.411
International Finance
12.412
International Business
Plus one (1) elective from:
12.312
Comparative Economic Systems
12.318
International Marketing
12.320
Money and Banking
12.326
Cost Accounting
12.372
Operations Management
12.402
Industrial Organization
12.435
Managerial Economics
MANAGEMENT (BAT)
Required courses:
12.372
Operations Management
12.381
Human Resource Management
Plus two (2) electives from:
12.326
Cost Accounting
12.371
Marketing Management
12.375
Sales Management
12.412
International Business
12.431
Managerial Finance II
MARKETING (BAK)
Required courses:
12.310
Marketing Research
12.371
Marketing Management
Plus two (2) electives from:
12.313
Promotional Strategy
12.318
International Marketing
12.375
Sales Management
12.402
Industrial Organization
12.410
International Trade
12.412
International Business
12.435
Managerial Economics
12.470
Applied Econometrics for Economics and Business
42.207
Psychology of Communication
71.220
Principles of Mass Communication
Related Minors
Students majoring in Economics
or Business Administration are encouraged but not required to select a
minor in another discipline. A number of minors offered by other
departments complement the Economics and Business Administration majors
and enhance the students’ preparation for their individual employment or
graduate school goals. Students should discuss these possibilities with
their academic advisors.
MINORS
MINOR IN ECONOMICS (EON) (5
courses)
Economics minor is not open to
Business Administration majors.
Required Courses:
12.101
Principles of Macroeconomics
12.102
Principles of Microeconomics
Plus three (3) electives with
at least two at the 200-level or above from:
12.100
Contemporary Economic Problems and Issues
12.105
An Introduction to the United States Economy
12.201
Quantitative Economics and Business I
12.202
Quantitative Economics and Business II
12.230
Urban Economics
12.260
Labor Economics
12.301
Intermediate Macroeconomic Theory
12.302
Intermediate Microeconomic Theory
12.312
Comparative Economic Systems
12.320
Money and Banking
12.341
Public Choice and Expenditure
12.402
Industrial Organization
12.410
International Trade
12.411
International Finance
12.435
Managerial Economics
12.450
History of Economic Thought
12.470
Applied Econometrics for Economics and Business
34.210
Consumer Economics
MINOR IN BUSINESS
(BAD) (5 courses)
The Business minor is not open
to Economics majors.
Students must select five (5)
courses from a minimum of four (4) of the areas listed below. At least
one (1) of the courses must be from economics.
Economics:
12.101
Principles of Macroeconomics
12.102
Principles of Microeconomics
Accounting
12.120
Introduction to Financial Accounting
12.121
Introduction of Managerial Accounting
Marketing:
12.271
Marketing Principles
Management:
12.272
Management Principles
12.280
Applied Organizational Theory and Management
12.381
Human Resource Management
Finance:
12.320
Money and Banking
12.330
Managerial Finance I
Law:
12.215
Legal Environment of Business
MINOR IN INFORMATION
TECHNOLOGY (see page 53 of this catalog)
Economics Courses Appropriate
for General Education (Gen. Ed.)
|
Course
|
Goal |
|
12.101
Principles of Macroeconomics
|
10 |
|
12.102
Principles of Microeconomics
|
9 |
Course Descriptions
12.100 Contemporary Economic
Problems and Issues
A discussion of current local,
national, and international issues using economic analysis as a method
to understand the causes and implications of social phenomena. A
relatively brief introduction to the basic tools of economic theory is
given. Students then learn to apply these tools to such issues as the
distribution of income and the prevalence of poverty in society, the
role discrimination plays in the economy, the U.S. position in the world
economy, the economic consequences of changing demographics, the market
for illegal drugs, the growing national debt, and other issues pertinent
to the semester in which the course is taught. This course does not
satisfy either the Economics or Business Administration major.
12.101 Principles of Macroeconomics (Gen. Ed. Goal 10)
The study of the U.S. free
enterprise system and its place in the global economy. After a
consideration of basic economy concepts, the student is introduced to
the forces that determine national income, employment, recession,
inflation, and economic growth. Monetary and fiscal policy options are
analyzed with emphasis on the economic, social, and political
consequences.
12.102 Principles of
Microeconomics (Gen. Ed. Goal 9)
An introduction to the
behavior of individual decision makers, particularly consumers and
firms, who must make choices under conditions of economic scarcity. The
course focuses on how markets work to allocate resources, how households
maximize their satisfaction from consumer opportunities subject to an
income constraint, and how firms organize production and measure costs
in order to maximize profits. Related topics include comparative
advantage and trade, competition and monopoly, government regulation,
and labor markets.
12.105 An Introduction to the
United States Economy
An overview of the structure
of the U.S. economy that provides an understanding of how it functions.
Students are first introduced to the discipline of economics and to some
of the basic theoretical tools which economists use to analyze economic
activity, to understand how markets function, and how a market system
allocates economic resources. These tools are then used to analyze the
various parts of the U.S. economy: product, labor, and financial
markets; the influence of international forces; the economic role of the
government. During this process data are presented to give students an
appreciation for the size of the economy and its sectors. Current
economic issues are analyzed and discussed placing special emphasis on
how social, political, geographic, and other forces impact those issues.
This course does not satisfy any of the requirements for either the
Business Administration or the Economics major.
12.120 Introduction to
Financial Accounting
A study of financial
accounting and accounting systems starting with the accounting cycle and
going through the preparation and interpretation of financial statements
for all types of business entities. Topics covered include generally
accepted accounting principles, the theory of accounts, and the theory
of present value as it relates to financial accounting problems.
Note Credit will not be given for both this course and 12.220
Introduction to Financial Accounting.
12.121 Introduction to
Managerial Accounting
A study of the essentials of
managerial accounting focusing on the use of accounting information in
the decision-making process. Topics covered include planning, budgeting,
control, and valuation. Note Credit will not be given for both
this course and 12.221 Introduction to Managerial Accounting.
12.201 Quantitative Economics and Business I
A survey of the mathematical
skills needed for upper division courses in economics and business.
Emphasis is placed on the use of mathematical models to describe
relationships in business and economics. Topics covered include
mathematical functions, cost functions, the consumption function,
systems of equations, market models, the Keynesian income determination
model, matrix algebra, input-output analysis, differential and integral
calculus, marginal analysis, and profit and utility maximization.
Prerequisite: 12.101
Principles of Macroeconomics, 12.102 Principles of Microeconomics,
43.123 College Algebra, or permission of the instructor.
12.202 Quantitative Economics
and Business II
An introduction to the basic
techniques of descriptive and inferential statistics as applied to the
decision-making process in business and economics. Emphasis is placed on
estimation and forecasting techniques. Topics covered include measures
of central tendency and dispersion, index numbers, probability,
regression analysis and economic forecasting.
Prerequisite: 12.201
Quantitative Economics and Business I.
12.208 Microcomputer
Applications in Business
An introductory study of
information systems from a business problem-solving perspective. Topics
covered include an overview of business information systems, and the
foundations of information technology. Students use the personal
computer to analyze problems and design solutions in the major areas of
business. The course emphasizes the use of spreadsheets and other
information processing software.
Prerequisite: 63.120
Introduction to Information Technology or permission of the
instructor.
12.215 Legal Environment of
Business
A study of the
interrelationships among business, government, and society as reflected
in the legal system in which firms operate. In addition to examining
specific laws and legal issues, such as business transactions,
employer-employee relations, government regulation and consumer law,
students become familiar with the way in which laws develop and change.
Special emphasis is on the social and ethical issues which arise in
business law.
12.230 Urban Economics
An application of basic
economic theory to the task of understanding the process of
urbanization, the growth and decline of cities, and the spatial location
of economic activity within metropolitan areas. Also examined are the
specific urban problems of poverty, housing, local finance, and
transportation.
Prerequisite: 12.101
Principles of Macroeconomics and 12.102 Principles of Microeconomics.
12.260 Labor Economics
An analysis of the nature of
the job market. Some topics considered include: unemployment, wages,
occupational choice, changing role of women, hiring standards, and
relevancy in education programs. Discussion focuses on how society
educates and trains its human resources for their entry and re-entry
into productive employment.
Prerequisite: 12.101
Principles of Macroeconomics and 12.102 Principles of Microeconomics.
12.271 Marketing Principles
An examination of marketing
functions, the activities of producers, wholesalers, retailers and other
middlemen, the channels of distribution, integration of the marketing
functions, price policies and government regulation. Special emphasis is
given to the aspect of marketing management.
Prerequisite: 12.101
Principles of Macroeconomics and 12.102 Principles of Microeconomics.
12.272 Management Principles
An introduction to the
contemporary management of organizations with an emphasis on the
fundamentals of organizational behavior. Topics include organizational
structure, leadership, communication, motivation, group dynamics,
decision -making, planning and controlling. Business ethics and the
roles and functions of managers are integrated throughout all these
topics. Note Credit will not be given for both this course and
12.373 Management Principles. This course does not satisfy any of the
requirements for either the Business Administration or the
Economics major.
12.280 Applied Organizational
Theory and Management
An in-depth study of the
application of management theory to the behavior of individuals and
groups in organizations. Topics in the course include: organizational
structure and design, motivation, job design, leadership, communication
and power in organizations.
Prerequisite: Sophomore
standing.
12.290/390 Topics in Economics
and Business
Selected topics in an area of
economics or business offered on occasion at the discretion of the
department. Determination of where the course fits in the
academic program will be made on a case-by-case basis.
Prerequisite: Case-by-case
or permission of instructor.
12.301 Intermediate
Macroeconomic Theory
An in-depth analysis of the
static and dynamic theories of aggregate economic behavior; determinants
of consumption, investment, the demand for money, and economic growth.
Prerequisite: 12.101
Principles of Macroeconomics and 12.102 Principles of Microeconomics.
12.302 Intermediate Microeconomic Theory
An in-depth analysis of the
theory of consumer behavior, the firm and the industry, and the pricing
of the factors of production; general equilibrium analysis, and an
introduction to welfare economics.
Prerequisite: 12.101
Principles of Macroeconomics and 12.102 Principles of Microeconomics.
12.305 Quantitative Methods in
Business
The application of
quantitative techniques to solve organizational problems. Topics covered
include decision theory and models, analysis of risk, network analysis,
linear programming, and the application of these topics through the use
of problems and case analysis.
Prerequisite: 12.202
Quantitative Economics and Business II, 12.271 Marketing Principles, and
12.280 Applied Organizational Theory and Management.
12.310 Marketing Research
A coverage of the fundamentals
of the market research process and how marketing research is used to
solve marketing problems. Topics include research design, data
collection and analysis techniques, and interpretation and
implementation of research findings.
Prerequisite: 12.271 Marketing
Principles and 12.202 Quantitative Economics and Business II, or
permission of the instructor.
12.312 Comparative Economic
Systems
A study of the different
systems societies use to organize economic activity. The course covers
the historical development of theories of capitalism, socialism, market
socialism and communism, and compares these theoretical models.
Considerable time is then spent analyzing how these systems work in
practice by examining real-world examples of each. The relationship
between the economic system and the social, cultural, historical and/or
political forces in these nations is emphasized. Comparisons are made
not only between nations that employ different systems, but also between
nations that use variations of the same type of system. The course also
examines the economics of transition from one type of system to another.
Prerequisites: 12.101
Principles of Macroeconomics and 12.102 Principles of Microeconomics.
12.313 Promotional Strategy
A focus on the development of
effective marketing communication strategies. Various aspects of
marketing communication are discussed, including advertising, sales
promotion, personal selling, and public relations.
Prerequisite: 12.271 Marketing
Principles
12.318 International Marketing
An examination of the
opportunities and challenges facing business organizations in
international markets. Topics include the international marketing
process, the importance of effective international marketing
communication, and the formation and execution of international
marketing strategies. Special emphasis is placed on cultural, social,
legal, political, and organizational forces that influence international
marketing operations.
Prerequisite: 12.271 Marketing
Principles
12.320 Money and Banking
A survey of the development of
money and credit, monetary theories, monetary systems and an examination
of the relationship between monetary policy and economic welfare.
Prerequisite: 12.101
Principles of Macroeconomics and 12.102 Principles of Microeconomics.
12.321 Intermediate Accounting
I
An intensive study of
generally accepted accounting principles dealing with balance sheet
evaluations and their effect on income determination. Topics include
applications of present value techniques to accounting, valuation and
reporting of cash, receivables, short-term investments, inventories,
fixed assets and intangible assets.
Prerequisite: 12.121
Introduction to Managerial Accounting.
12.322 Intermediate Accounting
II
Additional topics in financial
accounting, including an in-depth analysis of current and long-term
liabilities, capital stock, options and warrants, earnings-per-share
calculations, convertible securities, retained earnings and dividends,
and statement of changes in financial position. Also studied are
income-tax allocations, pension accounting, and accounting for lease
transactions.
Prerequisite: 12.321
Intermediate Accounting I.
12.326 Cost Accounting
A treatment of presentation
and analysis of data to facilitate decision-making in the organization.
Topics covered include cost evaluation, forecasting, variance analysis,
cost structures, cost behavior patterns, break-even analysis, and
capital budgeting.
Prerequisite: 12.121
Introduction to Managerial Accounting.
12.330 Managerial Finance I
The study of the relationship
between the investment and financing decisions made by firms. Main
topics include working capital and fixed asset management contained
within a broad overview of the type of assets a company acquires, the
reasons for acquiring them, and the sources and costs of financing the
assets. Concepts are discussed primarily in accounting terms, and
mathematical relationships are used as a focal point for discussion.
Prerequisite: 12.101
Principles of Macroeconomics, 12.102 Principles of Microeconomics, and
12.120 Introduction to Financial Accounting.
12.341 Public Choice and Expenditure
An introduction to the process
of social choice and the translation of choice into public expenditure
programs. Emphasis is placed upon the application of economic analysis
in the appraisal of income redistribution, health, education, defense,
social insurance, and environmental programs. Note Credit will
not be given for both this course and 12.340 Public Finance.
Prerequisite: 12.101
Principles of Macroeconomics and 12.102 Principles of Microeconomics.
12.371 Marketing Management
An introduction to market
research and analysis. The course focuses on the design and
implementation of marketing new products, product diversification, and
the development of new markets.
Prerequisite: 12.271 Marketing
Principles and 12.280 Applied Organizational Theory and Management.
12.372 Operations Management
An analysis of operations and
production problems encountered by profit and non-profit organizations.
Topics to be studied include production system design, production
planning and control, quality control, prices and costs, and the
technology of materials and equipment.
Prerequisite: 12.202
Quantitative Economics and Business II and 12.280 Applied Organizational
Theory and Management.
12.375 Sales Management
An examination of the
importance of personal selling and distribution. The course focuses on
recruiting, organizing, and motivating the sales force; forecasting;
budgeting; selling; control; and cooperation with distribution channel
members.
Prerequisite 12.271 Marketing
Principles.
12.381 Human Resource
Management
A study of the personnel
function within profit and non-profit organizations. The course covers
the procurement, development, compensation, integration and maintenance
of personnel.
Prerequisite: 12.280 Applied
Organizational Theory and Management.
12.385 Business Systems
Analysis and Design
An introduction to the
fundamental concepts used in the implementation of information systems
in a business organization. Topics include systems concepts and
thinking, business process analysis, and common business models for
systems development life cycle, as well as additional topics, such as
project management methodology and team approaches, and technology
integration concerns.
Prerequisites: 63.376
Networking Technologies (or concurrent registration), 12.121
Introduction to Managerial Accounting, 12.280 Applied Organizational
Theory and junior standing.
12.402 Industrial Organization
A survey of the market
structure, conduct, and performance of American industry. Consideration
is given to the rationale and effectiveness of anti- trust policy and
related problems and issues.
Prerequisite: 12.302
Intermediate Microeconomic Theory.
12.410 International Trade
An analysis of the foundations
and principles of international trade. Specific topics include:
comparative advantage, terms of trade, factor movements, tariffs and
protectionism.
Prerequisite: 12.101
Principles of Macroeconomics and 12.102 Principles of Microeconomics.
12.411 International Finance
An analysis of the monetary
aspects of international trade and balance of payments adjustment
mechanisms. Some specific topics include: the International Monetary
Fund, multi-national corporations, foreign exchange transfers.
Prerequisite: 12.101
Principles of Macroeconomics and 12.102 Principles of Microeconomics.
12.412 International Business
A study of the complexity of
managing an organization with international interests. Topics discussed
include political, economic, and cultural environments; developing
planning systems and strategies to ensure international competence in
finance, marketing, human resources, production, and societal response
in an international setting. Cases may be used to help develop skills in
the above area.
Prerequisite: 12.271 Marketing
Principles, 12.280 Applied Organizational Theory and Management, and
12.330 Managerial Finance I.
12.428 Taxation
A broad introduction to
federal income tax law and preparation. Covered in detail is the
taxation of individuals including taxable income determinations,
deductions, and gain or loss on exchange of property. The course also
introduces taxation issues faced by corporations and partnerships.
Prerequisite: 12.121
Introduction to Managerial Accounting.
12.431 Managerial Finance II
The study of the theory and
application of the basic principles underlying the relationship between
the long-run investment and financing decisions made by the firm.
Included are the seminal theoretical foundations of Modigliani and
Miller, as well as the use of CAPM and APT in capital budgeting and cost
of capital. Application of the basic principles is accomplished using
the case method.
Prerequisite: 12.330
Managerial Finance I.
12.435 Managerial Economics
An application of the
analytical tools of microeconomics to solving business problems. Topics
included are criteria for business decisions, pricing and promotion
decisions; expenditure, cost, and production decisions; the estimation
of production costs and consumer demand; and the estimation of the cost
of capital and investment decisions.
Prerequisite: 12.101
Principles of Macroeconomics and 12.102 Principles of Microeconomics.
12.445 Investments
The study of the process
whereby investors choose individual securities and combine them into
portfolios. The major topics are the fundamentals of security analysis,
including the instruments and the markets for securities, and the basics
of portfolio analysis from Markowitz to APT. A discussion of derivative
securities is also included. Mathematical descriptions of financial
instruments and portfolios are widely employed.
Prerequisite: 12.330
Managerial Finance I.
12.450 History of Economic
Thought
The historical development of
classical economics from its origin in the works of the schoolmen and
Physiocracy to its culmination in A. Smith, and nineteenth century
English liberalism. The criticism of classical tenets by writers like
Malthus and Marx are evaluated. The neoclassical economics of Marshall
and Pigou are developed from both Austrian and English marginalism.
Keynesian Macroeconomics is developed and evaluated in the context of
contemporary economic developments.
Prerequisite: 12.301
Intermediate Macroeconomic Theory and 12.302 Intermediate Microeconomic
Theory, or permission of the instructor.
12.470 Applied Econometrics
for Economics and Business
A continuation of the material
presented in Quantitative Economics and Business II, concentrating on
the application of these tools to the analysis of economics and business
data. The course covers classical linear regression techniques (both
simple and multiple regression) with emphasis placed on the necessary
modifications to these procedures for use in economic and business
applications. Topics covered include heteroskedasticity,
auto-correlation, non-linear estimation, errors in variables,
multicollinearity, dummy variables, distributed lags and simultaneous
equation systems. Students use the computer to apply these concepts to
actual data.
Prerequisite: 12.202
Quantitative Economics and Business II or permission of the
department chair.
12.474 Topics in Finance
An in-depth evaluation of the
current trends and changes that are occurring in finance from the
perspective of both the investor and the firm. The study involves
student application of techniques derived from the evolutionary changes
that are being made in financial management and investment analysis. The
focus is on capital planning and asset portfolio formation. Case studies
and projects outside the classroom are utilized.
Prerequisite: 12.431
Managerial Finance II.
12.477 Management Issues in
Information Technology
An examination of the
management issues related to the implementation, evaluation and control
of information technology in business from planning and pre-sales to
development, implementation and maintenance. The course focuses on
application of project management procedures and common business models
for evaluation and control. The course approach includes case studies
and/or group projects done in collaboration with industry. Course topics
include software and hardware evaluation, security and regulatory
issues, and IT audits and assessment. Other topics may include strategic
use of technology, technology-based alliances, ethical issues related to
the Internet, project justification, ROI requirements and cost/benefit
analysis, vendor relationships, service level agreements, licensing
issues, project planning and control, outsourcing approaches, and IT
maintenance.
Prerequisite: 12.385 Business
Systems Analysis and Design and senior standing.
12.480 Senior Economics
Seminar
A seminar designed to afford
advanced economics students an opportunity to integrate their studies in
an open problem-solving format. The specific topics are developed
according to the interests and needs of the participants.
Prerequisite: Permission of
the instructor.
12.485 Business Policy and
Strategy
An examination of the
formulation of corporate strategy in business enterprises with emphasis
on the economic, political, and social influences on strategy. The
course focuses o application of corporate planning tools and analysis of
the general manager tasks as an implementer of corporate strategy.
Problems which affect the character and success of the total enterprise
are examined. Cases are drawn from companies of various sizes in various
industries. This course is open only to senior Business Administration
majors or to others by permission of the instructor.
Prerequisite: 12.121
Managerial Accounting, 12.271 Marketing Principles, 12.280 Applied
Organizational Theory and Management, and 12.330 Managerial Finance I.
12.490 Independent Study
Under the direction of a
faculty member, the student pursues reading and research on a selected
topic in economics.
Prerequisite: Permission of
the instructor.
12.495 Internship in Economics/Business
A supervised practical
experience in a public or private organization appropriate to the
student’s program of study. Before registering for the internship the
student must submit a proposal outlining the internship and showing how
it integrates with the student’s academic program. The internship
requires written documentation of the student’s experiences and a
research project or critical evaluation of the experience. Students may
earn up to four (4) course credits. The internship is not intended to
satisfy or substitute for any of the courses required for the major.
Prerequisite: A minimum of 3.0
quality point average overall and 3.2 in department courses and approval
of the internship supervisor. The grade point requirement may be waived
at the discretion of the intern’s internship supervisor.
12.496 Internship-Consumer
Economic Problems
Selected current problems at
the state and local levels. Students examine these problems under the
direction of representatives from consumer organizations, such as the
Massachusetts Consumer Association and the Consumer Protection Division
of the Attorney General’s Office.
Prerequisite: 34.210 Consumer
Economics.
