2004-2005 Academic Catalog

60 Business Administration School of Social Sciences and Professional Studies 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 experi- ences in a business environment. The program is arranged and administered by the department. BUS-3910 International Business 3 hours To give a global perspective of the business environment, international business terms are defined and the interactions of the various actors, firms, institutions, countries, and groups of countries are developed. An environmental approach including both cultural and financial perspectives develops a broad view of the world economy. BUS-3990 Professional Development 0 hours A program of activities that prepares students to investigate career alternatives and initiate a job search strategy. Junior business majors are required to maintain enrollment in this program for both semesters of their junior year. (Fee: $30) BUS-4420 Business Ethics and Social Responsibility 2 hours Ethics asks questions about what goals one should pursue and what actions are appropriate in attempts to achieve these goals. The class 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 class will deal with how our biblical worldview defines and drives the choices we face in the busi- ness world. Open only to seniors in business administration. BUS-4990ExecutiveDevelopment 0 hours A program of professional development activities that prepares students to move into a corporate environment. Senior business majors are required to maintain enrollment in this program during both semesters of their senior year. (Fee: $20) Economics ECON-2330Microeconomics 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 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-3130Government andBusiness 3 hours A study of the governmental agencies and their effect on American business. Case studies and current events are developed to show the trends and status of various laws and regulations. The economic impact and difficulties that arise in managing a business are reviewed. Prerequisite: ECON-2330 Microeconomics. (odd years) ECON-3310 International Money and Capital Markets 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. ECON-3340Historyof EconomicThought 3 hours Principal figures in the development of economic ideas and the contribution of each period of economic thought from the mercantilist to the present. Prerequisite: ECON-2330 Microeconomics. (even years) ECON-3350 Comparative Economic Systems 3 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-2340 Macroeconomics or permis- sion of instructor. (odd years) ECON-3360 International Trade and Economics 3 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 barriers to international trade flows will be examined. Prerequisite: ECON-2330 Microeconomics or permission of instructor. ECON-3370Labor Economics 3 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 a historical and current perspective. Prerequisite: ECON-2330 Microeconomics. (even years) ECON-3380 3 hours EconomicDevelopment andPolitical Economy 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-2340 Macroeconomics or permission of instructor. ECON-3390PublicFinance 3 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 structure, revenue gained, and present status. Prerequisite: ECON-2340 Macroeconomics. (odd years) Through the Integrated Business Core, students learn from direct involvement in starting and running a business. Profits earned through group projects are donated to local community organizations and charities.