Economics

Ugur S. Aker (1985), Professor of Economics

B.A., Robert College, Istanbul, Turkey;

M.A., Ph.D., Wayne State University

Craig L. Moser (1975), Professor of Economics

B.A., Ohio Wesleyan University;

M.A., Ph.D., Ohio State University

Stephen L. Zabor (1980), Professor of Economics and Environmental Studies

B.A., Carleton College;

Ph.D., Northwestern University

Gail C. Ambuske (1981), Chair, Professor of Management and Communication

B.A., M.A., Kent State University;

Ph.D., Case Western Reserve University

Earl Kissell, CPA (1988), Associate Professor of  Accounting and Managment

B.S., Xavier University;

M.A., Bowling Green State University

Chester Breary, CPA (2007)

B.A., John Carroll University;

B.B.A., Cleveland State University;

M.Acc., Case Western Reserve University

Jane Preston Rose (1988), Dean of the Weekend College, Adjunct Faculty Economics and Management

B.A., Wilson College;

M.B.A., Case Western Reserve University

George C. Rose, Jr. (1990), Adjunct Professor of Economics and Accounting

B.S., Kent State University;

M.Ed., Kent State University 

Department website: 

http://admission.hiram.edu/learn/majors/major.php?id=11

Introduction

The Economics, Management, and Accounting Department delivers a quality education in the liberal arts tradition proven to be essential for future success in a wide variety of careers. Our programs engage students in the complexity of and interaction between organizations, the human behavior within them, and the international and environmental contexts in which they compete. Our goal is to develop leaders of public and private organizations capable of success in a complex, rapidly changing, increasingly global  world. To accomplish this goal, we provide a strong analytical foundation through in depth learning combined with a wide variety of practical experiences (on and off campus) to develop professional networks and relevant skills. 

Majors

Our curriculum features three majors: Economics, Management, and Accounting and Financial Management. Within the Economics major, economic development, environmental economics, public policy, finance, international economics and comparative systems are specific areas in which students can focus their preparation for careers and/or graduate study. Within the Management major, human resources, marketing, international business, finance, public administration, sports management, and change management are some of the available career tracks.  Within the Accounting and Financial Management major, students can focus on accounting theory, taxation, and auditing. Students with this major can also pursue coursework to prepare for the CPA exam. Each of the majors has placed our students in outstanding professional or graduate programs either immediately following graduation or after gaining experience in the marketplace. 

Requirements

All three majors share a common core of required courses that includes:

Economics 201: The Principles of Macroeconomics

Economics 202: The Principles of Microeconomics

Management 218: Organizational Behavior 

Each major follows up this common core with a set of required courses to ensure relevant knowledge and skills. A capstone experience in the senior year provides a unique opportunity for students to develop in depth knowledge of a chosen area of their major, work independently, refine problem solving skills, critically examine current issues, and explore career opportunities.   

The Economics Major

Economics 201: The Principles of Macroeconomics

Economics 202: The Principles of Microeconomics

Management 218: Organizational Behavior

Economics 250: Intermediate Microeconomics

Economics 360: Intermediate Macroeconomics

Students must have a C- or better in the core courses Economics 479, 480: The Senior Capstone Sequence. To complete the major, the following is required: 13 semester hours of economics 2 mathematics courses - Statistics and Calculus. Students must maintain a 2.0 GPA in the major. Recent economics graduates have been employed in public and private organizations or continued their education in professional schools or graduate schools. Examples of public employment are the Federal Reserve Board, Freddie Mac, and the Office of Management and Budget. Those who applied to private organizations acquired positions in banks, insurance companies, and consulting companies to name a few. A significant number received law degrees and others pursued Masters or Ph.D. degrees in Economics or Public Policy, International Studies, and related fields.  

The Management Major 

Economics 201: The Principles of Macroeconomics

Economics 202: The Principles of Microeconomics

Management 218: Organizational Behavior

Accounting 225: Financial Accounting

Management 255: Principles of Marketing

Students must have a C- or better in the core courses Management: 479, 480: The Senior Capstone Sequence. To complete the major, the following is required: 13 additional semester hours in Management and related coursework, 2 mathematics courses - Statistics and another approved Mathematics course. Students must maintain a 2.0 GPA in the major. Recent Management graduates have found successful employment in a wide variety of public and private organizations. Examples include financial institutions, major sports teams, international marketing, nonprofit management, human resources, government agencies and the Foreign Service. Many have continued their studies in graduate programs including the M.B.A., law degrees, Masters in Organization Development, International Management, and Public Administration.

The Accounting and Financial Management Major

Economics 201: The Principles of Macroeconomics

Economics 202: The Principles of Microeconomics

Management 218: Organizational Behavior

Accounting 225: Financial Accounting

Accounting 351: Intermediate Accounting

Management 302: Corporate Finance

Students must have a C- or better in the core courses Management 479, 480: The Senior Capstone. To complete the major, the following is required: 9 or more additional semester hours selected from an approved list of courses 2 mathematics courses - Statistics and another approved Mathematics course. Students must maintain a 2.0 GPA in the major. Students wishing to take the CPA examine should discuss specific requirements with an advisor in the department  Graduates in Accounting and Financial Management have found employment in large and small accounting firms as auditors, in public and private institutions as financial analysts, cost accountants, tax accountants and/or continued their studies in Masters of Accountancy programs.  

Economics, Management, and Accounting Minors 

Department minor require five courses from their respective areas. The specific course requirements are available from any department member. 

 

Economic Offerings

200 Economic Issues                                                                           4 hours

Through the study of contemporary socio-economic issues such as pollution, resource depletion, poverty, discrimination, monopoly power, inflation and unemployment, the student will be introduced to the field ofeconomics. Students will learn how to use economic theory and data for the purpose of understanding and explaining what is happening in our society and what policies should be developed. In addition, required assignments will introduce students to writing in economics and the variety of resources available to support research in the field of economics.

201 Principles of Microeconomics                                                       4 hours

This course is an introduction to the field of economics and a survey of the principles and applications of microeconomic theory. The methods our society employs to determine the uses of its limited resources and the distribution of income and wealth among its members will be discussed. Economic analysis will be used to study some of the following areas of interest: poverty, discrimination, energy, environmental deterioration, international trade, governmental intervention in markets, collective bargaining, and industrial concentration.

202 Principles of Macroeconomics                                                      4 hours

An introduction to the relevant topics of macroeconomics. The course includes a survey of national income accounting, a discussion of national income determination, the role of the banking system and an explanation of monetary, fiscal, and other governmental policies and their effects on unemployment and inflation. Prerequisite: Economics 201 or permission of instructor.

206 European Union                                                                            4 hours

The economic integration of Europe will be used to examine basic economic concepts of production possibilities, optimization, opportunity cost, supply and demand, externalities, taxation, inflation, unemployment, fiscal and monetary policy, international trade, etc.

210 Sustainable Economic Development                                            3 hours

Population growth, rising consumption, inequality and use of damaging technologies have combined to create an environmental crisis of global magnitude demanding a broad-based analysis. Abolishing poverty while simultaneously achieving true development and ecological stability will require a change in the values and culture of industrialized nations. By examining the interaction between human economic systems and their encompassing ecological systems we will discover the source of the problems and the basic nature of the changes that must occur.

214 Economic Change in Sub-Saharan Africa                                     4 hours

This course will examine the pre-colonial development of economic institutions (markets, property ownership systems, production processes, etc.) and the impact of colonialism on African institutions, ideology, and patterns of economic activity and growth. The principles and concepts of economics which are relevant for analyzing development policy will be thoroughly explained.

226 The Economics of Poverty and Discrimination                            3 hours

It has been over forty years since the ‘War on Poverty’ was declared and major civil rights legislation was enacted to promote equal opportunity in the workplace. Yet poverty and discrimination continue in the United States. This course will examine the causes and possible policy responses to continuing poverty and discrimination in an international context.

230 Workers, Unions, Bosses, and Capitalists:

                              History of Labor in the United States                    4 hours

The economic and technological transformations that carried the United States into the industrial age brought significant changes in the patterns of everyday life. This course examines the effects of such changes from the perspective of working people in the 19th and 20th century United States. Topics include the development of the market economy and industrial modes of production, class formation, working-class political organization, immigration, slavery and emancipation, the sexual division of labor, the rise of corporate capitalism, consumption and the commercialization of leisure, the welfare state, the global economy, and the nature of work in "postindustrial" society. Also listed as History 230.

232 Organizational Ecology: Managing for Sustainability                  3 hours Organizational ecology examines the relationship between organizations – for-profit and not-for-profit – and nature. It envisions an industrial ecosystem in which energy and material use is optimized, waste and pollution are minimized, and there is an economically and environmentally viable role for every product of a manufacturing process. Successful organizations such as Herman Miller, Seventh Generation, Interface Inc., and Henkel will be examined to discover how their business practices foster positive relationship with all of the stake holders including their natural environment.

235 Liberty, Justice, and Capitalism: Two Views                                 3 hours

What values form the foundation for the capitalist democratic system? Can our modern capitalist system be considered fair or just? How do we evaluate the inherent dynamic tension in capitalism between efficiency and equity? What values are most important in the system? How do we define distributive justice? How do we understand equality of opportunity as distinct from equality of results? How do we understand the relationship between private property rights and the allegation of exploitation of workers by capitalists? We will explore the interrelationships between our own values and our society’s political and economic valuesas we understand them. Our focus will be on these enduring questions about our political economy at the turn of the 20th centuryOur values continue to evolve through history and personal experiences. As they evolve, they influence our laws, our economic institutions, and the distribution of economic and political power in our society.

250 Microeconomics: Decision Making                                                4 hours

An examination of the methodology and analytical tools that economists have developed for studying the allocation of resources. Through a careful study of the scope, methods, and principles of microeconomic theory, an appreciation of the strengths and limitations of economic theory will be gained. The process by which our society determines the use and development of its limited resources and the impact of this process on the formation and the achievement of individual and societal goals will be considered. Specific attention will be paid to tools for estimating and forecasting demand and supply. Prerequisite: Economics 201 permission of instructor.

279 Economics and Ethics                                                                   3 hours

An investigation of ethical dilemmas faced by individuals trying to make rational choices is the focus of this course. Different cases considered by economic theorists will be presented and the discussion will concentrate onthe possible choices, likely decisions and social implications.

280 Seminar                                                                                   1 - 4 hours

281 Independent Study                                                                  1 - 4 hours

Open to all economics majors with the consent of the instructor. It affords economics majors the opportunity todesign their own course of study in an area that is not currently taught. The independent study normally requires the students to write a research paper.

298 Field Experience                                                                     1 - 4 hours

306 Comparative Economic Systems                                                  4 hours

Every society has to decide what, how and for whom the goods and services of the society are to be produced and distributed. Fundamentally, these decisions reflect differences in the values, philosophy, theory and real world economic arrangements that comprise an economic system. The course focus constitutes a comparison of capitalism, market socialism, and communism and their many real world variations. Prerequisites: Economics 201 or permission of instructor.

307 Market Structure, Strategy, and Performance                             4 hours

An in-depth study of a firm’s market environment and its relationship to a firm’s conduct and performance; monopoly, oligopoly, and conglomerate pricing behavior, and its effects on production and income distribution; advertising and other non-price competition; market concentration and research and development; horizontal, vertical and conglomerate mergers and marketing strategy and efficiency; peak-load pricing and optimal capacity of public utilities; government regulation and its impact on prices; anti-trust policy; international trade and interdependence. Prerequisite: Economics 201 and 202.

314 Public Policy-Making                                                                     4 hours

This course offers an analysis of various elements of American domestic policy, e.g., progressive taxation, welfare, and anti-trust enforcement, and the politics of regulatory agencies. Also listed as Political Science 314.

318 International Trade and Finance                                                 4 hours

Why do people in different countries with varied languages, customs, currencies bother to trade? How do subgroups in these countries fare as a result of trade? What are the modern trade theories? How is trade financed? Why and how do capital movements take place? What is the impact of trade flows and capital movements on the macroeconomy of a country? Prerequisite: Economics 201 and 202.

321 Money, Banking, and Monetary Theory                                        4 hours

What qualifies as money? What does money do? Who provides money to the economy? Who wants money (Who doesn’t!?)? How does the institutional set-up in an economy affect the demand and supply of money and the interest rates? How do foreign economies modify their monetary institutions? How do policy choices influence the monetary sector? Prerequisite: Economics 201 and 202.

326 Russia and Eastern Europe: Soviet Economies in Transition      4 hours

This course in Post Soviet Economics is about studying unprecedented historical change in progress in the former Soviet Union and Eastern Europe. One must be a historian, a futurist, a philosopher, a pragmatist, a cynic, and an idealist to divine the essences of a deliberate transition from one a socialist planned economy to a capitalist market economy and from a political dictatorship to an emerging democracy. We will first survey the Russian history before the October Revolution. With this historical context, we can understand the subsequent developments and achievements of the Soviet economic structure and institutional planning arrangements. We will also study economic theories about the transition as well as real world case studies of Russian and Eastern European national strategies, progress, and prospects. Prerequisite: Economics 201 or permission.

330 Public Finance                                                                               4 hours

This course is the study of the organizational structure and internal workings of the government from the perspective of its interrelationships with society in both a political and economic context. The course will stress the multi-faceted nature of government in our modern society and examine the decision-making processes of government with an analysis of the effect of government actions on the economy. The course will include such topics as the creation and impact of the federal budget, the rationale and impact of various tax structures, the concept and significance of social goods, the role of regulatory agencies, and an economic analysis of the government’s welfare programs. Prerequisites: Economics 201 or  permission of the instructor.

335 Work, Wages, and Employment                                                    3 hours

The basic tools and concepts of economics will be employed to gain an appreciation and understanding of labor market operations. This course will include an examination of the following topics: the determination of wagerates and income, the relationship between education and income, union history, union structure and collective bargaining, major labor legislation, poverty and discrimination, job environment, job control, and economic insecurity. Prerequisites: Economics 201 or permission of the instructor.

336 Urban Economics and Politics                                                      4 hours

Application of economic principles to urban spatial patterns, economic development and public policy inhousing, transportation, pollution, and other contemporary urban problems. Prerequisites: Economics 201 or permission of the instructor. Also listed as Political Science 336.

338 Environmental Policy                                                                    4 hours

This course will examine the economic and environmental impact of individual and organizational actions. Global relationships among economic growth, resource development and environmental quality will be analyzed. Consideration will be given to the issue of sustainability as we study market allocation and depletable, recyclable, reproducible, renewable, and replenishable resources and local, regional global pollution. Prerequisites: Economics 201 or permission of the instructor. Also listed as Environmental Studies 338.

341 Economic Development                                                                4 hours

A course on economic development focuses our attention on the tier monde or third world countries and their efforts to sustain and improve their society’s standard of living. Our understanding of how a country can develop begins with economic theories, but must include consideration of a broader more expansive set of political, historical and cultural factors. Because of this expanded scope, our inquiry into the process and nature of economic development will be full of complexity and uncertainty. On the one hand, this is what makes it interesting. This also makes it frustrating. While our inquiry includes relevant economic theory, it also has numerous rich historical case studies and current empirical examples of development efforts by specific countries across a broad range of historical and current periods. Prerequisite: Economics 201.

360 Macroeconomics:

                        Inflation, Unemployment, and Business Conditions   4 hours

Macroeconomics investigates the forces that affect the economy of an entire country. Theories of growth, stagnation, unemployment, inflation, exchange rates, and interest rates are discussed with the connecting feedback mechanisms. A unified theoretical model is developed throughout the course to be able to understand the basic challenges faced by economies and the limits of available policy measures. Prerequisite: Economics 201 and 202.

479 Research Methods and Design                                                      2 hours

Devising research questions, building bibliographic base for surveying the literature, and discussion of methodologies will be the focus of this course leading to the preparation for the research paper that will be completed in Economics Senior Seminar. Prerequisite: Senior standing.

480 Economics Senior Seminar                                                           3 hours

This course is designed as a capstone to the economics major. The format for the seminar is to have each student write and present a significant research paper on a topic of his or her choice. The research effort will be a group process with continuous discussion, criticism and suggestion from the participants to improve the quality of the paper during the research and writing period. Participants give progress reports and summarize their readings to receive constructive evaluations. Prerequisite: Economics 479.

481 Independent Research                                                            1 - 4 hours

The course is open to economics and management majors with junior standing or above with the consent of the department. This affords junior and senior economics or management majors the opportunity to design their own course of study in an area that is not currently taught. The independent research course would normally require the student to write a research paper.

498 Internship                                                                                1 - 4 hours

For a complete description of this program, students should consult with a member of the Economics faculty.

 

Management Offerings

218 Organizational Behavior                                                               4 hours

Organizational Behavior is the study of individuals, organizations, and the way people behave inorganizations. Behavior is analyzed at the individual, group, and organizational levels. The course examines how behavioral science research contributes to our understanding of organizational behavior. Specific topics include open systems, ethics, structure, job design, organizational culture, leadership, power, motivation, creativity, and change.

221 Group-Interaction Processes                                                       3 hours

This course examines the complex dynamics of small group life within the context of organizational systems. Small group theory as it applies to perception, membership, leadership, norms, communication, problem-solving and decision-making is explored. The focus of the course develops individual competence in group settings. Through a laboratory approach students are provided with opportunities to experiment with new behaviors to improve group effectiveness. Students experience the development of a group through predictable stages and engage in critical analysis of the experiment. A group project is required. Also listed as Communication 221.

222 Organizational Communication                                                    4 hours

This course involves the study of communication theory as it relates to organizations. Topics include communication systems analysis, team building, intergroup communication goal setting, meetings, and organizational change. The course requires a field research project during which students work with actual organizations to diagnose communication systems. The course contains a significant writing component. Students will develop skill in writing proposals, letters, memos, agendas, progress reports, final reports, and executive summaries as they progress through the field research project. Also listed as Communication 222.

230 Investment Club I                                                                         2 hours

The emphasis of this course is understanding the stock and bond markets. Fundamental techniques for analyzing stocks and bonds are introduced and applied. Advanced investment strategies such as short sales, margin, options, and futures are also discussed. Prerequisite: Management 225 or permission of the instructor.

231 Investment Club II                                                                       2 hours

The emphasis of this course is understanding the stock and bond markets. Fundamental techniques for analyzing stocks and bonds are introduced and applied. Advanced investment strategies such as short sales, margin, options, and futures are also discussed. Prerequisite: Management 225 or permission of the instructor.

251 Population Patterns: An Introduction to Social Demography      4 hours This course is about population, the causes of population growth and change, and the consequences of population trends for human society. These issues will be analyzed from the point of view of the three components of population growth, i.e., fertility, morality, and migration, and the factors, especially social, which affect them. Finally, the course will investigate the ways societies and cultures respond to population change with an emphasis on the socio-demographic future of the United States. Also listed as Sociology 251.

255 Principles of Marketing                                                                 4 hours

An introduction to the marketing system from a managerial perspective. Emphasis is on the environmental context of marketing, the marketing decision process in an organization, and basic marketing concepts. The role of marketing in society, and trends and issues confronting marketing managers are also addressed.

280 Seminar                                                                                   1 - 4 hours

281 Independent Study                                                                  1 - 4 hours

Open to all management majors with the consent of the instructor. It affords management majors the opportunity to design their own course of study in an area that is not currently taught. The independent study normally requires the students to write a research paper.

298 Field Experience                                                                     1 - 4 hours

301 Marketing Management                                                                4 hours

This course examines the analysis, planning, implementation, and control of marketing activities in for-profit, not-for-profit, and service organization. Subjects addressed include the role of the external and internal environments in marketing decision-making; the relationship between the organization’s overall strategy and its marketing strategy; the integration of the marketing mix and ethical issues. A variety of analytical frameworks and tools to support marketing decision-making are introduced and used. Prerequisite: Management 255.

302 Corporate Finance                                                                        4 hours

This course provides students with the foundations of corporate finance. Students apply these foundations by analyzing decisions made within firms and other institutions. Topics examined include risk analysis, valuation, present value concepts, debt, and equity offerings and underwriting. Prerequisite: Management 225.

304 Corporate Deviance                                                                      3 hours

This course will examine numerous cases of corporate and governmental wrongdoing in the areas of health care, environmental destruction, job safety, discrimination, business practices, and foreign markets. Structural and societal reasons for the persistence of corporate deviance, reactions and solutions to corporate deviance will be highlighted. Prerequisite Sociology 155 or 202 or 203 or permission. Also listed as Sociology 304.

305 Corporate Deviance                                                                      4 hours

This course will examine numerous cases of corporate and governmental wrongdoing in the areas of health care, environmental destruction, job safety, discrimination, business practices, and foreign markets. Structural and societal reasons for the persistence of corporate deviance, reactions and solutions to corporate deviance will be highlighted. Prerequisite Sociology 155 or 202 or  203 or permission. Also listed as Sociology 305.

306 Entrepreneurship                                                                          4 hours

Focuses on the entrepreneur and the process of considering an entrepreneurial career. Covers such topics as finance, production and operations, personnel, law, and taxation from the perspective of the small business person. Weekend College offering only.

313 Operations Management                                                               4 hours

An investigation of the process of organizing the resources of humans, machines, and materials in the production process. Topics covered include plant location, design of facilities, choosing equipment, layout ofequipment, product development, time and motion studies, quality control, and efficient decision making. Cases are used to illustrate methods of approach. The latest managerial concepts will be discussed including PERT, CPM, and other operations research techniques. Prerequisite: Management 218.

318 Consumer Behavior                                                                      3 hours

This course explores the various environments that impact upon the behavior of individuals in the marketplace. A framework is introduced to analyze the consumer decision process and the cultural, sociological, psychological, and economic factors which influence it. Prerequisite: Management 255.

321 Business Law I                                                                              4 hours

This course develops the student’s familiarity with doctrines traditionally distilled as the law of negotiable instruments, agency, partnership, and corporations. This course will also deal with the laws pertaining to property protection; title protection; freedom of personal action; freedom of use of property; enforcement of intent; protection from exploitation, fraud, and oppression; furtherance of trade; creditor protection; nature and classes ofcontracts; interpretation of contracts; breach of contracts and remedies; obligations and performance; warranties and product liabilities; creation, management, and termination of corporations. 

322 Business Law II                                                                             4 hours

A continuation of the business law sequence. Prerequisite: Management 321.

326 Persuasion and Attitude Change                                                  4 hours

This course focuses on the interaction of attitudes and verbal communication process emphasizing recent experimental studies dealing with source, message, receiver, and environmental variables. Additionally, specific persuasive situations such as bargaining, negotiations, trial processes, marketing, and political campaigns are examined. A research paper on an aspect of persuasion theory and recent experiments is required. Also listed as Communication 326.

328 Human Resource Management                                                     4 hours

Analysis and examination of personnel practices; selection, interviewing, training programs, merit rating, and promotion. Students also learn techniques of preparing job descriptions and case analysis. Prerequisite: Management 218.

340 International Management                                                           4 hours

This course examines the application of management concepts in an international environment. Topics include: worldwide developments, cultural contexts, organizational structures, management processes, and social responsibility and ethics. Case studies will encourage students to explore the critical issues related to doing business in a global context. Prerequisite: Management 218.

355 Marketing Research                                                                      3 hours

This course is an introduction to the research process as it relates to the marketing function within an organization. Special emphasis is placed on the human aspects of the research effort and ethical standards for researchers. The student is introduced to survey, field, and experimental research designs. Subjects examined include problem definition, sample selection, interviewing techniques, data collection, analysis and presentation. Prerequisite: Management 255.

361 Multinational Marketing                                                                4 hours

This course examines the marketing function across national boundaries. The cultural, political, social, economic, and financial environments and their influence upon global marketing decisions are emphasized. Product, pricing, promotion, and distribution strategies in different environments are examined. Modes of participation, including exporting, licensing, joint ventures, and direct investments, are also studied. Analytical techniques for assessing global marketing opportunities are introduced and used. Prerequisite: Management 255.

365 Financing International Business Firms                                      4 hours

Problems facing the financial management of multi-national firms including environmental problems, organizing for optimal results, sources and uses of funds, accounting, tax, and control problems. Prerequisite: Management 302.

366 Managing Change                                                                          4 hours

This course concentrates on the process of planned, systemic change in open organizational systems. Emphasisis placed upon understanding change as a complex educational strategy intended to change the beliefs, attitudes, values, and structure of organizations so that they can better adapt to new technologies, markets, and challenges. International organization development is also explored. The course requires a field research project. Prerequisite: Management 218.

380 Seminar                                                                                   1 - 4 hours

479 Research Methods and Design                                                      2 hours

Devising research question, building bibliographic base for surveying the literature, discussion of methodologies will be the focus of this course leading to the preparation of the research paper that will becompleted in Management Senior Seminar. Prerequisite: Senior standing.

480 Management Senior Seminar                                                       4 hours

This course is designed as a capstone to the management major. The format for the seminar is to have each student write and present a significant research paper on a topic of his or her choice. The research effort will be agroup process with continuous discussion, criticism, and suggestion from the participants to improve the quality ofthe paper during the research and writing process. Participants give progress reports and summarize their readings to receive constructive evaluations. Prerequisite: Management 479.

481 Independent Research                                                            1 - 4 hours

The course is open to management majors with junior standing or above with the consent of the department. This affords junior and senior management majors the opportunity to design their own course of study in an area that is not currently taught. The independent research course would normally require the student to write a research paper.

498 Internship                                                                                1 - 4 hours

For a complete description of this program students should consult with a member of the management faculty.

 

Accounting and Financial Management Offerings

207 Financial Accounting I                                                                  3 hours

This course is an introduction to financial accounting concepts. Accounting transactions are followed throughthe accounting cycle into the financial statements. The major financial statements, their components andalternative accounting principles are studied. Weekend College offering only.

208 Financial Accounting II                                                                  1 hour

This course is the continuation and wrap-up of Accounting 207. Prerequisite: Accounting 207. Weekend College offering only.

210 Spreadsheets for Accounting Analysis                                          1 hour

This course relates spreadsheet applications to management, financial, and accounting practices. Prerequisite: Accounting 207 or 225. Weekend College offering only.

225 Financial Accounting                                                                    4 hours

An introduction to financial accounting concepts. Accounting transactions are followed through the accounting cycle into the financial statements. The major financial statements, their components, and alternative accounting approaches are studied.

226 Managerial Accounting                                                                 4 hours

An introduction to the accounting information needs of management. Basic managerial/cost accounting topics, such as job costing, process costing, cost-volume-profit analysis; budgets, variance analysis, and financial statement analysis are examined. Prerequisite: Accounting 208 or 225.

280 Seminar                                                                                   1 – 4 hours

281 Independent Study                                                               1 – 4  hours

298 – Field Experience                                                                  1 – 4 hours

309 Federal Taxation Accounting                                                       4 hours

This course is designed to teach students to recognize major tax issues inherent in business and financial transactions. The course focuses on fundamental tax concepts – the mastery of which will enable students to incorporate tax factors into business and investment decisions.  Prerequisite: Accounting 225.

319 Auditing                                                                                         3 hours

This course addresses the unique challenges faced by auditors. Students develop an understanding of methods for the verification of financial statements and accounting procedures, professional ethics, internal control and internal audit, statistical sampling and computer systems application. Prerequisite: Accounting 225.

325 Cost Management                                                                         4 hours

Students learn how to analyze and interpret cost information as a basis for decision making. Subjects include cost measurement, planning, control and performance evaluation, and behavioral issues. Prerequisite: Accounting 225.

330 Financial Statement Analysis and Valuation                                4 hours

This course develops practical analysis tools to enable students to analyze financial statements to obtain an indication of the underlying value of firms. The course teaches valuation from an earnings based approach, but also discusses discounted cash flow analysis. Prerequisite Accounting 225.

335 Financial Decision Making                                                            3 hours

Decision making using financial models. This course discusses current financial and accounting issues. The course then develops financial models utilizing spreadsheets enabling students to perform simulation analysis to make better managerial decisions.

351 Intermediate Accounting I                                                           4 hours

This course examines financial theory and reporting practice, including evaluation of current issues andpractices related to asset valuation and present value, including receivables, inventory and fixed assets. Prerequisite: Accounting 225. 

352 Intermediate Accounting II                                                          4 hours

Continuation of Intermediate Accounting I. Area of focus includes liability determination, equity measurement, principles of revenue and expense measurement, earnings per share, taxation, pensions, and lease accounting. Prerequisite: Accounting 351.

380 Seminar                                                                                   1 – 4 hours

441 Advanced Accounting                                                                   3 hours

This course enhances students’ ability to determine the financial effects and implications for financial reporting of business performance related to mergers, acquisitions, and other corporate structure changes. Additional topics include sec and interim financial reporting and introduction to accounting for non profit entities.

442 Accounting for Nonprofit Entities                                                 3 hours

Students learn the essential techniques of accounting valuation, recording, measurement, and reporting processes for health care, government and institutional entities. Prerequisite: Accounting 225.

480 Senior Capstone                                                                            4 hours

This course is designed as a capstone to the accounting and financial management major for Weekend College students. Students will have an opportunity to integrate and apply their course work through an analysis of a significant issue.  They will research the issue, review the professional literature, identify and analyze alternatives, and recommend a resolution which is supported by the appropriate justification.

481 Independent Research                                                          1 – 4 hours

For a complete description of this program students should consult with a member of the accounting faculty.

498 Internship                                                                               1 – 4 hours

For a complete description of this program students should consult with a member of the accounting faculty.

Additional Information