Biola_Catalog_19820101NA

Business Ad.min. /&on. cont.

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 business decision making . Pre­ requisite: 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 COURSES 201 , 202 PRINCIPLES OF ECONOMICS (3, 3) First semester: Macroeconomics, supply and demand analysis , fiscal and monetary policy , money and banking , international trade and the balance of payments. Second semester: Microeco­ nomics, analysis of the firm in free competition, monopoly, monopolistic competition, labor markets, limiting market power, consumer choice, alternative economic systems and resource allocation . 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 sufficient demand. 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. 360 ECONOMICHISTORYOFTHEUNITEDSTATES (3) Key developments chronologically in agriculture, commerce , communications , industry , finance and transportation: perspec­ tive 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 polic ies affecting trade; economics of foreign exchange; balance of payments and monetary arrangements. Pre­ requisite: Economics 201, Marketing 330. FINANCE COURSES 229 PERSONAL AND FAMILY FINANCES (3) Managing family finances ; budgeting; use of credit; borrowing money; savings methods; purchase of life, health , property and auto insurance; buying or renting property; taxes ; buying secur­ ities; small business opportunities; wills and estates. 370 BUSINESS FINANCE (3) Problems and methods in securing funds for business firms ; nature of securities markets , short and long-term financing . Pre­ requisites: 19 l , 212. 372 PERSONAL AND INSTITUTIONAL FINANCE FOR CLERGY (3) Budgeting and financial management. Investments , savings plans and banking. Money , loans and credit. Leasing and pur-

chasing real estate. Clergy compensation considerations. Taxes for clergy, churches and non-profit institutions. Personal and institutional insurance, wills and estates. (Credit not given to­ ward business major). Alternate years, fall 1982. 437 REAL ESTATE (3) Laws relating to rights and obligations inherent in ownership of real property; how title to real property is transferred ; home­ steads, trust and deeds, liens ; land descriptions ; escrow pro­ cedure; title insurance; the real estate broker. Prerequisite: 361 462 INVESTMENTS (3) Principles for the individual investor; tests of a sound investment, information sources; types of stocks and bonds; mechanics of purchase and sale. Prerequisite: Economics 202, 370. MANAGEMENT COURSES 111 BUSINESS METHODS AND PROBLEMS (3) An introduction to the various major areas of business activity , ways in which businesses are organized, operated and financed, and types of problems they encounter. 318 PERSONNEL MANAGEMENT (3) Organization and role of the personnel department in business; analyzing and solving case problems drawn from industry. Pre­ requisite: upper division standing. 325 MANAGEMENT SCIENCE (3) Mathematical programming with emphasis on problems in man­ agement and economics. Includes applications in production control, scheduling, inventory control, PERT and network flow problems. Fundamental mathematical optimization and measure­ ment theory problems. Prerequisites: Economics 202 , Business 223, 320 and 321. 361, 362 BUSINESS LAW (3, 3) First semester: Function of law in our society, crimes, intentional torts , negligence , contracts . Uniform Commercial Code, sales, agency and negotiable instruments . Second semester: Property, partnerships, corporations , landlord and tenant , security agree­ ments , bankruptcy and business regulation. Prerequisite for 362

is 361; requires upper division standing. 415 BUSINESS MANAGEMENT AND ORGANIZATION (3)

Principles of management: planning, controlling , organizing, organizational behavior and communication, management of conflict and change, business ethics and societal relationships . Prerequisites: 212, Economics 201, Psychology 200. 450 DIRECTED READING (l-3) Extensive exploration of the literature in a selected field of business or economics under faculty guidance. Prerequisites : upper divi sion standing and consent. May be repeated with dif­ ferent section title for maximum of six units . 464 SMALL BUSINESS MANAGEMENT (3) Methods, problems and factors involved in launching and opera­ ting small mercantile or service business. Prerequisite: 330, 370 or consent. 470 RESEARCH (3) Methods of modern research in business and industry , with pro­ jects designed to provide actual research experience. Prere­ quisites: 321, 330, 362, 370, 415; Economics 202.

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