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BUS-2180 Business Law I

–Fa, Sp

3 hours

Examines the legal environment in which business operates.

The course begins by surveying various sources and law and

related ethical principles, and the structure and function of

the judicial system. The remainder of the course addresses

substantive areas of law, typically including torts, contracts,

warranty and consumer protection, agency and employment,

business entities, antitrust, intellectual property, and environmental

law.

BUS-3000 The Business Experience

–Fa, Sp

1 hour

This course is to prepare the business student to transition

into the work world upon graduation. Topics and experiences

include: résumé writing, interviewing, networking, internships, and

business etiquette. (Fee $25).

BUS-3150 Operations Analysis

–Fa, Sp

3 hours

Introduces mathematical methods of decision analysis. Topics

include probability, forecasting, decision under uncertainty,

decision trees, inventory models, linear programming, and

networks.

Prerequisites: BUS-2150 Statistics for Business.

BUS-3180 Business Law II

–Sp

3 hours

Continues the study of the legal environment in which

business operates, with particular focus on topics covered on

the CPA exam. Typical course content includes sales, negotiable

instruments, secured transactions, bankruptcy, partnerships,

securities regulation, real and personal property, wills and trusts,

and insurance.

Prerequisite: BUS-2180 Business Law I.

BUS-3280

3 hours

Integrated Business Core Practicum

–Fa

In this course, students will apply concepts from the corequisite

courses in which they are enrolled to their own start-up business

ventures and to community service projects. Students in the

class will form a 30- to 35-person company. Each company will

develop a plan of organization to form and operate a business for

the semester, as well as an organizational and operating plan to

complete a community service project.

Prerequisites: ITM-1500

Information Technology for Business; ITM-1510 Software Tools

for Business; ACCT-2110 Principles of Accounting I; ACCT-2120

Principles of Accounting II; BUS-2150 Statistics for Business;

BUS-2180 Business Law I; ECON-2330 Microeconomics; ECON-

2340 Macroeconomics. Corequisites: MRKT-3600 Principles

of Marketing; MGMT-3500 Principles of Organization and

Management; FIN-3710 Principles of Finance (blocked courses).

BUS-3400

1–3 hours

Independent Study in Business Administration

–Fa, Sp, Su

Research in problems of accounting, management information

systems, general business, economics, finance, management, or

marketing.

BUS-3410 Topics in Business

–Fa, Sp, Su

1–3 hours

A variety of courses are covered under this heading on an

experimental basis. This allows the department to meet the

changing needs of the students without formally adding or

dropping courses. Crosslisted with ECON.

BUS-3450 Business Internship

3–12 hours

A work-study program designed for junior and senior

business administration majors to receive a variety of job-related

experiences in a business environment. The program is arranged

and administered by the department.

BUS-3514

3 hours

Entrepreneurial Ventures in E-commerce

–Sp

This course provides instruction and guidance on how to create

and run a profitable, Internet-based business. Topics include

reviewing intellectual property rights, designing a website to

maximize revenue, developing an advertising and marketing plan

for online businesses, sourcing start-up capital, utilizing analytics

to test search engine optimization, and leveraging social media

accounts to target consumers and grow the business. (even years)

BUS-3910 International Business

–Fa, Sp

3 hours

This course is a broad overview of how business is different

in a global setting by introducing key concepts, terms, trends,

theories and organizations. Each group will put these foundational

principles into practice by developing a country analysis and

business plan to launch a fast food restaurant into a new country.

Additionally, students will consider how to use the principles of

Business As Mission (BAM) to achieve spiritual objectives as well

as profit.(Fee: $25)

BUS-4420

2 hours

Business Ethics and Social Responsibility

–Fa, Sp

Ethics asks questions about what goals one should pursue and

what actions are appropriate in attempts to achieve these goals.

The course examines alternative frameworks for analyzing difficult

situations. Social responsibility refers to business decision making

linked to ethical values, compliance with legal requirements, and

respect for people, communities, and the environment. Ultimately,

the course will deal with how our biblical worldview defines and

drives the choices we face in the business world. Open only to

seniors in business administration. Must be taken at Cedarville

University; transfer or transient credit for this course will generally

not be accepted.

Economics (ECON)

ECON-2110 Essentials of Economics

–Fa, Sp

3 hours

The course provides an introduction to the essential principles

of economics. These principles would include such areas as

supply and demand, elasticity, productivity and cost analysis,

economic efficiency, national income, the consumer price index,

monetary and fiscal policy, business cycles, and economic

performance. Course not applicable to any major from the School

of Business Administration and also not open to students with

credit for ECON-2330 Microeconomics

and/or ECON-2340 Macroeconomics.

ECON-2330 Microeconomics

–Fa, Sp

3 hours

The area of economic inquiry that is concerned with the

effect of human behavior on the conduct of affairs within rather

narrowly defined units. It is the study of decision making regarding

consumption, production, and exchange that is carried on by

individual households and by business firms.

ECON-2340 Macroeconomics

–Fa, Sp

3 hours

The area of economic study that focuses on how human

behavior affects outcomes in highly aggregated markets, such

as the market for labor or for consumer products. It is a study

of the behavior of the economy as a whole, including the study

of economic phenomena such as interest rates, the price level

and national income, and output and employment.

Prerequisite

or corequisite: ECON-2330 Microeconomics or permission of

instructor.

ECON-3310 Money and Financial Markets

–Sp

3 hours

A study of money, banking, and monetary theory, with particular

emphasis on international financial markets.

Prerequisite: ECON-

2340 Macroeconomics or permission of instructor. Crosslisted

with FIN-3310.

ECON-3335 Intermediate Microeconomics

–Fa

3 hours

Microeconomics is a study of economic principles that explain

how our market-directed economy organizes and coordinates

production and exchange. The principles explain a wide variety

of economic and social phenomena. The course studies basic

economic units, households and firms, and the equilibrium

through exchange among competing and cooperating people.

Prerequisites: ECON-2330 Microeconomics; GMTH-1020 College

Algebra; or permission of instructor.

Page

207

2015–16 Undergraduate Academic Catalog

Course Descriptions

BUS-2180 – ECON-3335