Department of Business Administration and Economics
FACULTY
Professors: Warren (chairman) Associate Professors: Buegler, Powell Instructor: Linamen
Objectives: Upon completion of the business-economics major it is intended that the student should demonstrate knowledge of the terminology of business, industry, finance and economics; be able to set up, use and maintain a usable bookkeeping system for a small or medium-size business; solve typical business problems involving applications of mathematics, statistics and use of a computer; have an understanding of the methods and problems involved in finance , marketing, personnel management and business research; exhibit a knowledge of law pertaining to commercial contracts and transactions; understand the banking system of this country, including the Federal Reserve System; and apply Christian principles not only in the business world, but also in Christian organizations they may serve. Department Major: 49 units, of which 24 must be upper division, leading to the Bachelor of Science Degree . The required business management core includes 111, 191 , 211 , 212, 221 , 223, 320, 321, 330, 361, 362, 370, 415, 470, and Economics 201, 202. Courses for the business-accounting major include 311 , 312, 313, 314, 411, 412. Courses for the marketing emphasis include 331, 420, 431, 432, and two of the following: 334, 430 or 434. Psychology 200 is a required supporting course . The general education requirement for a foreign language for those following a business administration major may be met by two years of high school language or the first four units of a college language. Accounting Courses Economics Courses 211, 212 PRINCIPLES OF ACCOUNTING (3, 3) 201 , 202 PRINCIPLES OF ECONOMICS (3, 3) Basic for all business majors and those seeking to learn First semester: Macroeconomics, supply and demand the language of business; procedure for setting up a analysis, fiscal and monetary policy, money and banking, double entry bookkeeping system. Second semester: international trade and the balance of payments. Second corporate accounting and elementary cost accounting semester: Microeconomics, analysis of the firm in free methods . Prerequisite: 191 or consent . 211 prerequisite competition, monopoly, monopolistic competition, labor for 212, 221. One hour each week, non-credit, laboratory.
markets , limiting market power, consumer choice, alternative economic systems and resource allocation.
311, 312 INTERMEDIATE ACCOUNTING (3, 3) Advanced treatment of cash-flow, funds-flow analyses, preparation of financial statements, income tax allocation, valuation, forecasts, cash reconciliation. Prerequisite: 211,
Prerequisite for 202 is 201.
345 CURRENT ECONOMIC ISSUES (3)
Reading and analysis of articles in periodicals and the daily press relating to economic problems. Utilizes principles developed in Economics 201, 202. Offered on
212.
313 COST ACCOUNTING (3)
sufficient demand .
Cost accounting from managerial, conceptual, and technical viewpoints; product, labor, material and overhead costing; planning and control processes;
350 MONEY AND BANKING (3)
Nature, functions, and flow of money and credit in the American economy and the world; analysis of commercial banking and our monetary system. Prerequisite: 201.
analytical procedures . Prerequisite: 212.
314 TAX ACCOUNTING (3) A comprehensive explanation of the federal tax structure which examines the historical development of the Federal tax laws, the income, social security, estate and gift tax laws, and the federal tax impacts on individual and
360 ECONOMIC HISTORY OF THE UNITED
STATES (3)
Key developments chronologically in agriculture, commerce, communications, industry, finance , and transportation : perspective in business administration and problem solving. See also History 360. 430 INTERNATIONAL ECONOMICS AND TRADE (3) Principles and theory of international trade; analysis of U.S. trade with leading industrial nations; trade and growth in developing countries; national policies affecting trade; economics of foreign exchange; balance of payments and monetary arrangements. Prerequisite:
business decision making. Prerequisite: 212.
411 ADVANCED ACCOUNTING (3) Provides more advanced concepts of partnership, special sales procedures, consolidations, fiduciaries and actuarial
problems. Prerequisites: 312, 313.
412 AUDITING (3)
Standards and control concepts; internal control and procedures; closing the audit. Prerequisites: 312, 313.
Economics 201 .
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