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BUS-2150 Statistics for Business
–Fa, Sp
3 hours
An introduction to statistical methods used in business decision
making including descriptive statistics, probability, probability
distributions, interval estimation, hypothesis tests involving
variances, analysis of variance, ch-square tests, F-tests, simple
and multiple regression models, model building, and time series.
Prerequisites: GMTH-1020 College Algebra.
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: $20)
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.
2016–17 Undergraduate Academic Catalog
Page
211
Course Descriptions
BUS-2150 – ECON-3310
BUSINESS ADMINISTRATION