1997-1998 Academic Catalog

74 Business Administration ECON-334 History of Economic Thought-Sp 4 hours Principal figures in the development of economic ideas, and the contribution of each period of economic thought from the mercantil– ist to the present. Prerequisite: ECON-233 Microeconomics. (even years) ECON-335 Comparative Economic Systems-A 4 hours Analysis of different types of economic systems. Special emphasis is placed on centralized planning from both a theoretical and empirical perspective. Centralized economic planning is compared and contrasted with a free-market distribution of resources. Individual country case studies are included. Prerequisite: ECON-234 Macroeconomics or permission of instructor. (odd years) ECON-336 International Trade and Economics-W 4 hours A study of international economic theory and international trade policy. The economic basis of trade and factor mobility, the benefits of international trade, and the ban-iers to international trade flows will be examined. Prerequisite: ECON-233 Microeconomics or permission from instructor. ECON-337 Labor Economics-A 4 hours An examination of the role of unions and the labor market in a free enterprise system. Emphasis is given to the impact of unions as a social institution in the collective bargaining process. Labor legislation and the labor movement are studied from both an historical and current perspective. Prerequisite: ECON-233 Microeconomics. (even years) ECON-338 Economic Development and Political Economy-Sp 4 hours A study of the interaction of political and economic systems to produce economic development and growth of nation states. A framework for analysis of development is explored and applied to specific case studies of both industrial and developing economics that have recently undergone significant change. Prerequisite: ECON-234 Macroeconomics or permission of instructor. ECON-339 Public Finance-Sp 4 hours A consideration of the financing of local, state, and federal governments. Much attention is given to three functions of government: stabilization, distribution, and allocation. All major taxes that are present in the United States are studied as to struc– ture, revenue gained, and present status. Prerequisite: ECON-234 Macroeconomics. (even years) Finance FIN-171 Personal Finance-Sp 4 hours A study of the current principles and practices of establishing a lifetime program of personal money management. Topics include the economy, theories of work and income, preparation of financial goals, budgets and reports, relevant biblical passages for giving, principles and practices of purchasing food, clothing, transportation, recreation, vacations, housing and home furnishings, insurance for homes, autos, health and life, and investments in the money market, bonds, stocks, mutual funds, real estate, precious metals and collectibles will be treated. Credit, borrowing, making money grow, retirement, social security, estate planning and income taxes are also studied. (Credit not applicable to meet business elective requirements.) FIN-273 Church Business Administration-W 4 hours A study of the principles and procedures of the financial manage– ment of the local church organization. (Credit not applicable to meet business elective requirements.) FIN-331 International Money and Capital Markets-Sp 4 hours A study of money, banking, and monetary theory, with particular emphasis on international financial markets. Prerequisite: ECON- 234 Macroeconomics or permission of instructor. FIN-371 Financial Management of the Firm-A,Sp 4 hours A study of the practical and theoretical aspects of financial decision making. Topics include cost of capital, capital structure, management of current assets, capital budgeting, sources of funds, and statement analysis. Prerequisite: ACCT-212 Principles of Accounting; BUS-212 Statistics. FIN-373 Investments-W 4 hours A study of the various types of investments including stocks, bonds, mutual funds, commercial, paper, options, and commodities. Particular emphasis is given to return and risk in developing investment strategies. Prerequisite: FIN-371 Financial Management of the Firm. FIN-377 Security Analysis and Portfolio Management-Sp 4 hours The theory and practice of security analysis techniques and portfolio management objectives. Prerequisite: FIN-373 Invest– ments. FIN-470 Senior Seminar in Finance-Sp 2 hours A forum to discuss contemporary topics and issues in finance and provide guidance in areas of student career interest. Prerequisite: ACCT-312 Intermediate Accounting II; FIN-331 Money and Capital Markets; FIN-371 Financial Management of the Firm; FIN-373 Investments. FIN-472 Business Valuation-W 4 hours An advanced course in financial management, focusing on the valuation of business wealth. Introduction to standards of value, valuation methods for mergers, acquisitions, LBO's, reorganiza– tions, workouts, and bankruptcy. Prerequisite: ACCT-312 Intermediate Accounting II; FIN-371 Financial Management of the Firm; or permission of instructor. FIN-475 Financial Institution Administration-A 4 hours An integrated and comprehensive analysis of the management of financial institutions considering the unique problems faced by each type of institution. Prerequisite: FIN-331 Money and Capital Markets. FIN-479 Case Problems in Financial Management-Sp 4 hours Case study of financial management in business enterprises. Planning current and long-term financial needs, profit planning, funds allocation, dividend policy, expansion, and combination. Prerequisite: FIN-472 Business Valuation. Angie Letson worked as a service representative during her internship at Dayton Power and Light.