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Monmouth College
Political Economy and Commerce

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Required Courses for Business Administration Majors and Minors

Business Administration Major:

ACCT 203
BUSI 105
BUSI 211
BUSI 212
BUSI 305
BUSI 306
BUSI 307
ECON 200
MATH 106

Accounting Foundations I
Introduction to Commerce
Quantitative Methods I
Quantitative Methods II
Administration and Organization
Business Finance
Principles of Marketing
Principles of Economics
Elementary Statistics

One of the following two courses

BUSI 405
BUSI 406
Strategy and Structure
Applied Business Strategy

One of the following two courses:

ECON 300
ECON 301

Intermediate Price Theory
Intermediate Maco-economics

Also required are four additional 300+ level courses from the offerings in business administration, accounting, and economics. Students are encouraged, but not required, to enroll in advanced writing or communication courses. Students planning to gain an MBA are encouraged to enroll in Calculus. A student must earn at least a C- in all prerequisites before taking a required course.

Business Administration Minor:

ACCT 203
BUSI 105
ECON 200
Accounting Foundations I
Introduction to Commerce
Principles of Economics

Two of the following three courses:

BUSI 305
BUSI 306
BUSI 307
Administration and Organization
Business Finance
Principles of Marketing

Plus one additional 300 level business course.

COURSES OFFERED:

BUSI 105. The Evolution of Commerce. An introduction to business. An analysis of the creation and development of the institutions within which commercial activities occur. A focus on why and how these institutions change and yet fulfill the same functions over time. Includes a review of US economic history. Also examines the development of at least one industry over time with an emphasis on the events that determined the current industry structure and phenomena often encountered in business life. (Three credits.)

BUSI 211. Quantitative Methods I. An introduction to decision analysis using spreadsheets and data management techniques, data analysis, and hypothesis testing of multivariate data through inferential statistics. Prerequisite: MATH 106. (Two credits.)

BUSI 212. Quantitative Methods II. An introduction to design analysis using probabilistic and classical operations research techniques and through survey design and testing. Prerequisite: MATH 106. (Two credits.)

BUSI 218. Business Writing. Fundamentals of business writing and application to professional business writing tasks. Assignments replicate typical business cases and situations, including a report compiling, interpreting and documenting research. Prerequisite: BUSI 105 and ECON 200. (Two credits.)

BUSI 250. Special Topics. (One to three credits.) May be repeated.

BUSI 290. International Business Practicum*~* There is a international travel requirement for this course. Students can satisfy this requirement by completing an approved study abroad experience or completion of Business 290.  (Two credits.)

BUSI 305. Administration and Organization. An examination of the modern enterprise from the perspective of its internal operations and the theory and practice of management. Prerequisites: ACCT 213, BUSI 110 and ECON 200. (Three credits.)

BUSI 306. Business Finance. An introduction to the principles of financing business, integrated with a study of institutional finance. Covers current topics of managerial finance, including capital management, the management of working capital, capital budgeting, the acquisition of funds, and stock and bond valuation. Prerequisite: ACCT 213 and ECON 200. (Three credits.)

BUSI 307. Principles of Marketing. A basic study of the ways in which businesses determine consumers’ needs and direct the flow of goods and services. Case analyses are used to develop students’ problem-solving abilities. Prerequisite: ECON 200. (Three credits.)

BUSI 315. Negotiations.  (Three credits.)

BUSI 322. Legal Environment of Business. An introduction to the history, structure, and procedure of the American legal system and the legal environment of business. (Three credits.)

BUSI 325. Innovation and Change in Organizations. A study of the processes through which organizations change over time and the problems created by both intended and unintended changes. (Three credits.)

BUSI 335 Human Resources Management.   (Three credits.)

BUSI 345. Globalization and Organization Change. Study of multinational business. Emphasis on how corporations have adjusted to and influenced trends to increased globalization. Distinctions are drawn between international and domestic business operations. (Three credits.)

BUSI 350. Special Topics in Business Administration. May be repeated for credit. (Three credits.)

BUSI 355. History of Managerial Thought. A study of various authors who have addressed the issue of organizing and administrating human activities in relationship to other aspects of social thought. Prerequisites: Junior standing, BUSI 110 and 305, or permission of the instructor. (Three credits.)

BUSI 356. Investments and Portfolio Analysis. An introduction to security markets, security instruments, and speculation opportunities with an emphasis in practical investing. Emphasizes portfolio management. Prerequisite: BUSI 306. (Three credits.)

BUSI 357. Marketing Management. A study of the roles played by pricing, promotion, product mix, and distribution strategies in achieving management goals. Includes extensive participation in a game simulating marketing-management situations and requiring team cooperation and the development of analytical skills. Prerequisite: BUSI 307. (Three credits.)

BUSI 367. Advertising. A study of a variety of mass promotion variables and techniques. Using an advertising campaign approach, students study both the strategy and tactics of advertising and integrate the concepts of promotion into a full advertising campaign. Prerequisite: BUSI 307. (Three credits.)

BUSI 375. Leadership and Politics in Organizations. A study of the relationship among leadership, politics, and authority in the creation, organization, and administration of the enterprise. Prerequisites: Junior standing; BUSI 305. (Three credits.)

BUSI 382. Commercial Law. Study of business law tailored for the CPA. Includes the common law of contracts, an introduction to the Uniform Commercial Code, agency law and negotiable instruments law.(Three credits.)

BUSI 383. Information Systems. Study of the fundamentals of accounting system design including an analysis of accounting applications within functional areas of a firm, hardware and software applications, and the control of computerized accounting systems. Prerequisites: ACCT 214 and BUSI 212. (Also ACCT 383.) (Three credits.)

BUSI 395. Business in Context. The study of contemporary issues, industries, or firms related to a common theme. The theme, issue, industry, or firm will vary from semester to semester depending upon the knowledge, expertise, and interest of the instructor. Emphasis on applying economic, marketing, financial, management, accounting, and legal analysis to the operation of issues under examination. Possible industries include: professional sports, beverages, movies, music, communication, computer technology, health care, higher education, and automobiles. Prerequisites: Junior standing, ECON 200, BUSI 105, or the permission of the instructor. (Three credits.)

BUSI 400. Internship. An off-campus experience working in a professional managerial environment under the supervision of a mentor. Permission of instructor required. Prerequisites: BUSI 305 and BUSI 306 or 307. (Three credits.)

BUSI 404. Seminars in Business. Includes such topics as operations/production management, marketing channels and futures markets, and human relations. Prerequisites: BUSI 305 or permission of the instructor.(Three credits.)

BUSI 405. Strategy and Structure. A study of the modern enterprise which focuses on the formulation and implementation of its strategy with particular attention to the relationship between the strategy and the larger society in which the enterprise operates. Prerequisites: Senior standing; BUSI 305, 306, 307, and ECON 300 or 301; or permission of the instructor. (Three credits.)

BUSI 406. Entrepreneurial Business Strategy. A hands-on capstone experience designed to apply and integrate accounting, management, marketing, and finance using simulations or business plan formation. (Three credits.)

BUSI 409.International Business Strategy. A study of the modern business enterprise in a global context. Focuses on the formulation and implementation of business strategy with a particular emphasis on the relationship between the strategy and the international environment within which the business operates. Emphasis on a synthesis of management, economics, accounting, marketing, and finance in the global context of the multi-national firm. Prerequisites: BUSI 305, 306, 307, and senior standing, or permission of the instructor. (Three credits.)

BUSI 410. Political Economy and Commerce Honors . Participation in a joint student/faculty discussion of contemporary accounting management or economic policy issues using political economy methodology and analysis. Spring semester of junior or senior year. Permission of instructor required. (One credit.)

BUSI 420. Independent Study. May be repeated for credit. (One to three credits.)

BUSI 409. International Business Strategy.   (Three credits)
         
Monmouth College Department of Political Economy and Commerce
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