Business department

Majors

Students may select majors in: Accounting, Business administration, EconomicsInformation technology or Marketing . Students may select up to two of the five majors offered by the department. For the double major, required courses common to the two majors may count in each, but elective courses may count in only one of the two majors. Students desiring a double major should consult with their advisors for details.

Accounting major

(50 hours)
Core courses: (44 hours)

 
In addition, the student selects a minimum of 6 hours from the following.
ACT 346 Auditing (3)
ACT 352 Government and Not-for-Profit Accounting (3)
ACT 361 Federal Income Tax Accounting (3)
BUS 385 Internship (3)

Accounting majors need to have completed 150 semester hours of college level courses to sit for the Ohio CPA examination. This can be accomplished by completing a 150-hour bachelor's degree. See your advisor for details.
 
We encourage all students interested in sitting for the Ohio CPA examination to take ACT 346, ACT 352 and act 361.
 

Business Administration major

(50 hours)
Core courses: (35 hours)

TEC 102 Using Microcomputers 2 (2)
MAT 115 Business Calculus (3)
      or MAT 135 Calculus 1 (5)
ECN 141 Principles of Macroeconomics (3)
ECN 142 Principles of Microeconomics (3)
ACT 151 Principles of Accounting 1 (3)
ACT 152 Principles of Accounting 2 (3)
BUS 284 General Statistics (3)
FIN 353 Money and Banking (3)
MGT 354 Principles of Management (3)
MKT 356 Principles of Marketing (3)
FIN 366 Principles of Finance (3)
MGT 380 Corporate Strategy (3)
      or MKT 363 Marketing Management (for students with a marketing concentration)(3)

Electives: A minimum of 6 hours from the following list
ECN 232 Intermediate Microeconomics (3)
ECN 233 Intermediate Macroeconomics (3)
BUS 245 Business Law (3)
COM 275 Organizational Communication (3)
MGT 355 Production and Operations Management (3)
MGT 364 Human Resource Management (3)
TEC 369 Introduction to Information Systems (3)
BUS 385 Business Internship (3 hours may be counted)
 
In addition, the student selects a minimum of 9 hours from the department with the advice and consent of the faculty advisor to complete the comprehensive business administration program or a field of concentration. Many programs are possible depending on the student's interest, but the following have been designed to meet some of the more common possibilities: comprehensive business administration, finance, human resource management, international business, management, management of information systems, marketing, and nonprofit management.
 
Additional courses in the department or related fields of mathematics, computer science, psychology and sociology can be used to complement the major.
 
Comprehensive Business Administration program
This program is designed for students who prefer a broad business preparation for a variety of careers in business, government, public or social service organizations. For this program a minimum of 9 hours is selected from department courses representing the various disciplines, including accounting, economics, management, marketing, finance and international business courses.
 
 
Human Resource Management concentration
A minimum of 9 hours selected from the following courses:
PSY 230 Tests and Measurements (3)
CRJ 340 Conflict Transformation and Mediation (3)
ECN 347 Labor Economics (3)
MGT 364 Human Resource Management (3)
 
International Business concentration
A minimum of 9 hours (including at least 3 hours from the business department and a semester abroad study program) selected from the following courses:
Management concentration
A minimum of 9 hours selected from the following courses:
COM 342 Leadership Communication in Nonprofit Organizations (3)
ACT 343 Intermediate Managerial Accounting (3)
ECN 347 Labor Economics (3)
MGT 355 Production and Operations Management (3)
MGT 359 Entrepreneurship (3)
MGT 364 Human Resource Management (3)
TEC 369 Introduction to Information Systems (3)

Management of Information Systems concentration
A minimum of 9 hours selected from the following courses:
CPS 108 Computer Programming (4)
ACT 320 Accounting Information Systems (3)
MKT 325 E-Commerce (3)
TEC 369 Introduction to Information Systems (3)
MKT 376 Business Intelligence (3)

Marketing concentration
A minimum of 9 hours selected from the following courses:
MKT 325 E-Commerce (3)
MKT 357 Marketing Research (3)
MKT 358 Consumer Behavior (3)
MKT 360 Sales (3)
MKT 362 Advertising (3)
MKT 363 Marketing Management (3)

Nonprofit Management concentration
A minimum of 9 hours selected from the following courses:
COM 342 Leadership Communication in Nonprofit Organizations (3)
ECN 351 Public Finance (3)
ACT 352 Government and Not-for-profit Accounting (3)
MGT 364 Human Resource Management (3)
ECN 382 Economic Development and the Environment (3)
BUS 385 Internship (3)
 

Economics major

(38 hours)

Core courses: (35 hours)

MAT 115 Business Calculus (3)
     or MAT 135 Calculus 1 (5)
ECN 141 Principles of Macroeconomics (3)
ECN 142 Principles of Microeconomics (3)
ECN 232 Intermediate Microeconomics (3)
ECN 233 Intermediate Macroeconomics (3)
BUS 284 General Statistics (3)
ECN 347 Labor Economics (3)
ECN 351 Public Finance (3)
FIN 353 Money and Banking (3)
ECN 371 International Trade and Investment (3)
ECN 382 Economic Development and the Environment (3) 
ECN 400 Economics and Business Seminar (2)

In addition, the student selects one three-hour upper level business course or internship related to the field with the advice and consent of the faculty advisor. Students planning to go to graduate school for economics should take ECN 385 Introduction to Econometrics as a directed study and are strongly encouraged to take the calculus sequence as well as linear algebra, probability and statistics and differential equations.
 

Marketing major

(50 hours)
Required: (41 hours)
TEC 102 Using Microcomputers 2 (2)
MAT 115 Business Calculus (3)
      or MAT 135 Calculus (5)
ECN 141 Principles of Macroeconomics (3)
ECN 142 Principles of Microeconomics (3)
ACT 151 Principles of Accounting I (3)
ACT 152 Principles of Accounting II (3)
BUS 284 General Statistics (3)
MGT 354 Principles of Management (3)
MKT 356 Principles of Marketing (3)
MKT 357 Marketing research (3)
MKT 358 Consumer Behavior (3)
MKT 360 Sales (3)
MKT 363 Marketing Management (3)
FIN 366 Principles of Finance (3)

In addition, the student selects a minimum of 9 hours from the department with at least 3 hours being MKT courses.

ART 245 Intro to Computer Graphic Design (3)
ART 350 Web Design (3)
BUS 245 Business Law (3)
BUS 385 Internship (3)
COM 195 Interpersonal Communication (3)
COM 275 Organizational Communication (3)
COM 277 Public Relations (3)
COM 336 Advanced Public Relations Writing (3)
MKT 325 E-Commerce (3)
MKT 362 Advertising (3)
MKT 376 Business Intelligence (3)
SOC/PSY 258 Social Psychology (3)
SOC 360 Basics of Social Research (3)

Minors

Students may select one of the following minors: accounting, business administration, economics, information technology or marketing. Courses required for a minor may not be taken as an elective in a major, nor may elective courses count towards a major and a minor.

Accounting minor

ACT 343 Intermediate Managerial Accounting (3)                                                                   
ACT 352 Government and Not-for-Profit Accounting (3)                                                        

 

Business administration minor

(20-21 hours)
Required:
ECN 141 Principles of Macroeconomics (3)
ECN 142 Principles of Microeconomics (3)
ACT 151 Principles of Accounting 1 (3)
ACT 152 Principles of Accounting 2 (3)
MGT 354 Principles of Management (3)
MKT 356 Principles of Marketing (3)

One additional 200 level or higher course from the business department offerings. The business administration minor is not available to a student with a major in marketing.
 

Economics minor

 

Marketing Minor

Required: (21 hours)
ECN 142 Principles of Microeconomics (3)                                                                        
ACT 151 Principles of Accounting 1 (3)                                                                 
MGT 354 Principles of Management (3)                                                                 
MKT 356 Principles of Marketing (3)                                                                                    
 
Electives (6 hours)
MKT 325 E-Commerce (3)                                                                                                   
MKT 357 Marketing Research (3)                                                                                        
MKT 358 Consumer Behavior (3)                                                                                          
MKT 360 Sales (3)                                                                                                    
MKT 362 Advertising (3)                                                                                                        
MKT 363 Marketing Management (3)                                                                                 
                                                                                                 
The marketing minor is not available to a student with a major in business administration.
 

Business Courses

ACT 151 Principles of Accounting 1 (3)
An introduction to the concepts and uses of financial information, the preparation of financial statements, analysis of the effect of transactions on the financial position of a company and the study of ethics in business situations.

  ACT 152 Principles of Accounting 2 (3)
A continuation of ACT 151 with an emphasis on the uses of accounting information, an interdisciplinary approach to managerial accounting concepts of planning, controlling and decision-making and the application of ethics. Prerequisite: ACT 151

ACT 250 Intermediate Accounting 1 (3)
Development and analysis of accounting theory underlying accepted accounting methods and the method of applying that theory will be covered. Financial reporting focus emphasizes the disclosure requirement in accordance with generally accepted accounting principles and the application of ethics. Prerequisites: ACT 152.
 
ACT 251 Intermediate Accounting 2 (3)
Continuation of ACT 250 with further study regarding investments, long-term liabilities, taxes, the equity section of the balance sheet, financial statement analysis and the application of ethics. Prerequisite: ACT 250.
 
ACT 255 Cost Accounting (3)
Emphasizes accounting procedures and principles applicable to the determination of cost of material used, labor employed and overhead expense incurred. Covers analysis and use of the above data in the decision-making process relating to the control of the business firm and the application of ethics. Prerequisite: ACT 152. Offered alternate years.
 
ACT 320 Accounting Information Systems (3)
Accounting Information Systems (AIS) provides students with a comprehensive and practical understanding of integrated accounting software systems. This course will utilize a "hands-on" approach through the use of QuickBooks, a popular software package for small businesses. Students will more deeply explore many of the fundamental accounting concepts, with both a theoretical and practical emphasis, as well as gain a working knowledge of the technical aspects of computerized accounting systems. Prerequisite: ACT 152. Offered alternate years.
 
ACT 343 Intermediate Managerial Accounting (3)
This course emphasizes theoretical analysis and application of cost accounting systems in business planning, budgeting and decision making, the use of quantitative techniques by management and ethics. Prerequisite: ACT 152. Offered alternate years.
 
ACT 346 Auditing (3)
This attestation function is developed with the concepts of audit evidence, materiality and risk analysis and the integration of financial and cost accounting, ethics, accounting theory and information systems into a systematic process of obtaining, evaluating and reporting economic events. Prerequisite: ACT 250. Offered alternate years.
 
ACT 352 Government and Not-for-Profit Accounting (3)
Accounting recording and reporting for not-for-profit organizations including state and local governments, colleges and health care. Emphasis is given to the Comparative Annual Financial Report (CAFR) and various funds. Offered alternate years.
 
ACT 361 Federal Income Tax Accounting (3)
An introduction to the concepts of the federal tax laws and regulations pertaining to individuals, sole proprietorships, partnerships and corporations. Tax software will be used to complete tax returns. Topics covered in course: introduction to taxation, basic individual taxation, taxation of business and investment-related transactions, partnership taxation, corporate taxation and U.S. taxation of multinational transactions. Prerequisite: ACT 152. Offered alternative years.
 
ACT 401 Accounting Seminar (3)
This course will explore various concepts and topics previously introduced throughout the accounting curriculum in principles, intermediate and advanced courses. This course will not be an extension of technical accounting issues which have been previously explored. Rather, this course will be a culmination of broader concepts necessary for accounting graduates to become productive employees and professional leaders, both within and without their respective organizations. Writing-enriched course. Prerequisite: ENG 110 or ENG 120.
 
BUS 245 Business Law (3)
A study of the general principles of law which are especially useful in business: contracts, property, credit transactions, negotiable instruments and business organizations. Prerequisite: sophomore standing.
 
BUS 284 GENERAL STATISTICS (3)
A study of applied statistics for sociology and other social, behavioral or natural sciences. This course covers descriptive statistics and statistical inference for parametric and non-parametric situations (z- and t-tests, analysis of variance, correlation, linear regression and chi-square), including related computer applications. Prerequisites:
MAT 050 or placement into MAT 100 or above.
 
BUS 385 Internship (Hours arranged by director, maximum 12 hours)
An internship program allows the student to apply classroom learning to a work experience. Seminars and writing are also a part of the course requirement. By permission of the program director. Credit/no credit.
 
BUS 390 Independent Study (3)
By arrangement.
 
ECN 141 Principles of Macroeconomics (3)
An introduction to the American economy, the nature and method of economics and the economizing problem. Topics include national income, employment, inflation, fiscal and monetary policy, economic stability and economic growth.
 
ECN 142 Principles of Microeconomics (3)
A continuation of ECN 141. Emphasis is on decision-making by households and resource allocation by business firms. Topics include the different types of market structures, the resource markets, consumer behavior and international trade.
Prerequisite: ECN 141.

ECN 232 Intermediate Microeconomics (3)
This course applies the principles of economics to an economic analysis of producer and consumer behavior. The emphasis is on indifference curve, isoquant analysis, the theory of price, cost and market structure and their application to current issues. Prerequisites: ECN 141 and ECN 142. Offered alternate years.
 
ECN 233 Intermediate Macroeconomics (3)
This course applies the principles of economics to an economic analysis of unemployment, inflation and economic growth. Emphasis is on determining policies for achieving macroeconomic goals and controversies among various schools of thought. Prerequisites: ECN 141, ECN 142 and satisfactory completion of the department's minimum mathematics requirement. Offered alternate years.
  
ECN 347 Labor Economics (3)
Emphasis on economics of labor and labor organizations in the contemporary economy: composition of the labor force, union organization, collective bargaining, wage determination, labor law and economic insecurity. Prerequisites: ECN 141 and ECN 142. Offered alternate years.
 
ECN 351 Public Finance (3)
Federal, state and local government expenditures, revenues, debt and fiscal administration with emphasis on fiscal problems and policies of the federal government. Writing-enriched course. Prerequisites: ENG 110 or ENG 120, and  ECN 141 and ECN 142. Offered alternate years.
 
ECN 371 International Trade and Investment (3)
A study of the theories, policies and institutions of international trade and finance, balance of payment equilibrium and international firms. Prerequisites: ECN 141 and ECN 142. Offered alternate years.
 
ECN 382 Economic Development and the Environment (3)
A survey of the experience in both developed and less-developed countries to isolate the socio-economic factors that stimulate or hinder economic development, the implications for natural environment and possible limits to growth due to food or natural resource scarcities, and the application of economic theory to the development process. Prerequisites: ECN 141 and ECN 142. Offered alternate years. This course may be taken as part of the Peace and Conflict Studies minor.
 
ECN 385 Introduction to Econometrics (3)
An introduction to measurement in economics and business with correlation and regression models, both bivariate and multivariate. Emphasis is on the results of violation of the model assumptions and interpretation of standard multiple regression programs. Prerequisites: BUS 284, ECN 141, ECN 142, and either MAT 115 or MAT 135. Offered as a directed study.
 
ECN 400 Economics and Business Seminar (2)
A capstone course designed to be taken near the completion of the undergraduate educational experience in which students conduct a research project to integrate and apply the concepts that they learned during their college experience in analyses of current economic and business issues. Offered as a directed study.
 
FIN 353 Money and Banking (3)
A study of the economic nature of money, banks and other depository institutions and the Federal Reserve System. Emphasis is given to understanding transactions involving the interaction of commercial banks and Federal Reserve System in impacting the money supply. Prerequisites: ECN 141, ECN 142, ACT 151, ACT 152 and satisfactory completion of the department's minimum mathematics requirement.
 
FIN 366 Principles of Finance (3)
An introduction to the financial markets and the basic finance functions of the business firm. Topics include risk and return on investment, short-term and long-term financing, financial analysis and planning and capital investment. Prerequisites: ECN 141, ECN 142, ACT 151, ACT 152 and junior status.
 
FIN 367 Financial Investments (3)
An examination of the basic principles of investment, securities analysis and the construction of an investment portfolio. Application of the basic principles will be used from the viewpoint of the individual investor as well as the institutional investor. Prerequisite: FIN 366. Offered alternate years.
 
FIN 368 Financial Institutions (3)
A study of the management of financial institutions such as commercial banks, savings and loan associations, insurance companies and pension funds. Financial markets, government regulation and capital management problems will be discussed. Prerequisites: FIN 366 and FIN 353. Offered alternate years.
 
MGT 354 Principles of Management (3)
A study of management of the modern firm based on the classic managerial functions of planning, organizing, leading and control with an emphasis on using team-based learning structures. Writing-enriched course. Prerequisites: ENG 110 or ENG 120, and  ECN 141 and ECN 142 and junior status.
 
MGT 355 Production and Operations Management (3)
The study of management issues and analytical problem-solving techniques in the areas of operations and manufacturing management. Prerequisite: MGT 354. Offered alternate years.
 
MGT 359 Entrepreneurship (3)
This course brings together, examines and develops the knowledge required to successfully organize, create and manage a business endeavor. The student will explore the feasibility of an idea through the use of a business plan with measured results. Prerequisites: ACT 152, MGT 354 and MKT 356 or permission of the instructor. Offered alternate years.
 
MGT 364 Human Resource Management (3)
The study of the personnel field in the modern organization, dealing with the areas of recruitment, training, employee relations, compensation, health and safety and separation. In addition, the impact of government regulations and the demands of society will be analyzed. Prerequisite: MGT 354 or permission of the instructor. Offered alternate years.
 
MGT 370 Issues in Health Care Management (3)
The course explores a range of issues faced by organizations that deliver health care services. These issues include responding to state and federal funding initiatives, utilization of new technology, implementation of universal medical records as well as other issues that may be identified by the students.
 
MGT 380 Corporate Strategy (3)
This senior capstone course requires the student to synthesize what has been learned in the separate functional fields of business. Students will utilize knowledge from previous course work in business, strengthen oral and written communication skills, develop critical thinking ability and develop the ability to work in groups. A major portion of the class will be devoted to case studies in business. Prerequisites: MGT 354, MKT 356, FIN 366 and senior standing, or permission of the instructor.
 
MKT 325 E-Commerce (3)
This course will provide an understanding of the technical skills, the business concepts and strategies and the social issues surrounding one of the fastest growing areas of the Internet. The course will explore the impact the Internet has made regarding the exchange of goods and services, the organizational form and legal issues. It will also explore the problems created by electronic commerce such as privacy, security, intellectual property and legal liability issues. Offered alternate years.
 
MKT 356 Principles of Marketing (3)
An examination of the functions of marketing and marketing institutions with emphasis on market structures and pricing, distribution channels and the management of marketing function. Prerequisites: ECN 141 and ECN 142 and junior status.
 
MKT 357 Marketing Research (3)
An introduction to information gathering, research design, sampling techniques, data collection processes and analysis of data used in marketing decisions. Prerequisites: MKT 356 and BUS 284. Offered alternate years.
 
MKT 358 Consumer Behavior (3)
Consumer behavior is the study of the decision-making process involved in acquiring, consuming and disposing of goods, services, experiences and ideas. Offered alternate years.
 
MKT 360 Sales (3)
An introduction to sales techniques, cases, sales management, recruiting, evaluation and control within the marketing environment. Prerequisite: MKT 356. Offered alternate years.

MKT 362 Advertising (3)
An introduction to the field of advertising and its relationship to marketing. Consideration is given to all facets of an advertising campaign. Areas covered include: target marketing methods, basic media selection, promotion, creativity and production. Prerequisite: MKT 356. Offered alternate years.
 
MKT 363 Marketing Management (3)
Covers marketing decision-making and interaction among different function areas of marketing to better develop marketing strategies that define target markets and build a marketing mix. Prerequisites: MGT 354 and MKT 356 and senior standing.

MKT 376 Business Intelligence (3)
This course will explore ways to collect, interpret and utilize marketing data. Contemporary issues including data mining and data warehousing will be explored. The students will utilize practical software applications such as Microsoft Access and design a practical business intelligence model for a business or non profit organization. Prerequisites: TEC 102 and MKT 356. Offered alternate years.
 
August 2013