Economics & Management Course Descriptions

E/M 101 - Principles Of Macroeconomics
A study of the performance of the American economy including an understanding of basic economic theories, economic institutions, and the history of the discipline of economics. Topics include introductory supply and demand analysis, national income determination, the money and banking system, monetary and fiscal policy, and the application of economic principles to the problems of achieving full employment, price stability, economic growth and a favorable balance of payments. Some study of economic development and the impacts of globalization.
Fall and Spring semesters
Taught by

E/M 102 - Principles Of Microeconomics
A continuation of E/M-101. Whereas macroeconomics looked at the economy as a whole, microeconomics examines the actions of the smaller components that make up the macro economy: individuals, households, businesses, unions, and governmental units. Most attention is given to the decisions facing a typical firm, and how those decisions will impact variables like price, output, and profit. Specific topics include demand theory, elasticity, production and cost, market structure, factor markets, international trade, and the role of government.
Prerequisite: E/M-101 or permission of the instructor
Fall and Spring semesters
Taught by

E/M 125 - Statistics For Economics And Management
The course emphasizes the application of statistical methods to economic, management, and accounting problems. In the course, students will develop their skills using current computer software and internet applications. The topics include presentation of data, measures of central tendency and dispersion, probability and probability distributions, sampling methods and distributions, confidence intervals, hypothesis testing, correlation analysis, simple linear regression, time series analysis, and decision making under conditions of uncertainty. Credit cannot be earned for this course if another course in statistics has been completed.
Prerequisite: Higher Algebra
Fall and Spring semesters
Taught by

E/M 130 - Financial Accounting
This course introduces the measurement system used by entities to inform interested parties about their economic activity. The course provides a general overview of the quantitative and qualitative components of accounting information and also focuses on developing the basic reasoning skills needed to interpret an entity’s financial reports. This course, which is part of the departmental core, emphasizes a user perspective.
Fall and Spring semesters
Taught by

E/M 202 - Economics Of The Environment And Natural Resources
This course explores the economics of environmental protection and natural resource management. The first portion of the course introduces theoretical and measurement issues related to environmental policy. Topics in this phase include the problem of externalities, theories of regulation, methods of regulation, and cost-benefit analysis. The remainder of the course uses the tools of economics to analyze specific environmental and conservation issues. These issues include conservation of exhaustible resources, management of renewable resources, and sustainable development.
Prerequisite: E/M-102
Spring semester, even years.
Taught by

E/M 230 - Managerial Accounting
This course provides a basic foundation for those individuals who use accounting information to perform the management functions of planning, decision-making, and controlling. Students learn to use qualitative information, budgeting and forecasting techniques for planning to meet short-term and long-term objectives. Decision-making tools emphasize the choice, interpretation, and use of relevant data for pricing, product mix, and process decisions. A third component is an understanding of the internal control system used by an entity.
Prerequisites: E/M-101, E/M-102, and E/M-130
Fall and Spring semesters.
Taught by

E/M 231 - Intermediate Accounting I
A detailed investigation of current financial accounting practice and related theory. The course emphasizes the methods, principles, and standards established by various accounting rule-making bodies and their official pronouncements. Special topics from current accounting literature will be assigned to update text material. This course develops basic theory and its application to assets and current liabilities.
Prerequisite: E/M-130
Fall semester.
Taught by

E/M 232 - Intermediate Accounting II
Continuation of E/M-231. This course covers long-term debt and stockholders' equity issues. Long-term debt issues include accounting for bond financing, capitalized leases, and deferred income taxes. Stockholder equity issues include analysis of earning per share and income measurement problems.
Prerequisite: E/M-231
Spring semester.
Taught by

E/M 240 - Cost Accounting
A detailed investigation of the methodology and systems to accumulate and use cost and management data in product costing, inventory valuation, and income determination and in planning, decision-making, and control activities. The course emphasizes the role of the cost accountant and the accounting information system in management decisions. The student will learn both traditional cost accumulation systems and a new systems to support the needs of a changing economy.
Prerequisites: E/M-230
Fall semester.
Taught by

E/M 241 - Accounting Information Systems
A study of the theory of accounting information systems and the design, installation, and operation of accounting information systems. Informational needs, internal control, and the behavioral effects of accounting information are stressed.
Prerequisites: E/M-130, E/M-230
Spring semester.
Taught by

E/M 251 - Ethics In Business And Economics
An investigation of ethical issues and moral dilemmas in the conduct of corporate business and in the evaluation of economic systems. Areas to be covered in ethics in business include corporate social responsibility, employee rights and responsibilities, hiring and dismissal, investment and production, regulation, and advertising. Topics in the ethics of economic systems include laissez faire capitalism, communism, socialism, social market capitalism, and conservationism. The historic relationship between religion and economics in the West will be discussed. Contemporary Western moral philosophy, historic and contemporary Christian ethics, and social theory will provide a context for the study.
Prerequisites: E/M-101 and completion of the Christianity requirement.
Fall and Spring semester.
Taught by

E/M 260 - Marketing
This course focuses on the process of planning and executing the conception, pricing, promotion, and distribution of ideas, goods, and services thereby creating an exchange that satisfy individual and organizational goals. Moving from a firm understanding of marketing basis -- product, price, promotion, and place, this course then explores the changing dynamics surrounding exchanges. These changes are reflected in such issues as: "bricks and mortar versus on-line retail", the changing role of market intermediaries, and evolving globalization of trade and exchanges.
Prerequisites: E/M-101, E/M-102, and E/M-130
Fall and Spring semesters.
Taught by

E/M 261 - Organizational Behavior And Management
A study of organizational and management methodologies, practices, principles, and theory. An examination of organizational and management functions and structure in terms of the traditional, situational, and behavioral approaches.
Prerequisites: E/M-101, E/M-102, and E/M-130
Fall and Spring semesters.
Taught by

E/M 265 - Business Law
A study of the principles of business law with particular emphasis on legal reasoning. Topics covered in the course include contracts, commercial law, business organization, and agency.
Fall and Spring semesters.
Taught by

E/M 271 - History Of Economic Thought
Growth and development of theories and doctrines of major economists with emphasis on the classical and neo-classical schools, Austrian school, and theories of Karl Marx, concluding with Keynesian aggregative economics and post-Keynesian concepts.
Prerequisites: E/M-101 and E/M-102
Spring semester, odd years.
Taught by

E/M 272 - Financial Markets And Institutions
An intermediate level study of financial markets and financial institutions. Topics include the structure and performance of money, capital, derivatives and foreign exchange markets, the pricing of assets in these markets, risk and term structure of interest rates, financial intermediation and the role of depository and non-depository financial institutions, financial system architecture, central banking and monetary theory.
Prerequisites: E/M-101, E/M-102, and E/M-130
Fall and Spring semesters.
Taught by

E/M 280 - Public Finance
Theory, character, and trends in public expenditures, revenues, and debt management of governments, local, state, and national.
Prerequisites: E/M-101, E/M-102, and E/M-130
Spring semester, even years.
Taught by

E/M 281 - Government And Business
This course examines the interaction of government and business in a market economy. Students will apply economic theory to an analysis of the legal and institutional aspects of government regulation. Topics include: antitrust law (mergers, price-fixing, monopolization, etc.); economic regulation and deregulation in markets for energy, transportation, and telecommunications; and social regulation in the areas of environmental protection, occupational safety and health, and consumer protection.
Prerequisites: E/M-101, E/M-102
Fall semester.
Taught by

E/M 282 - Labor Economics
This course examines the many dimensions of labor markets, from both the demand and supply sides. The emphasis is primarily from a microeconomic perspective, with a focus on policy issues. Specific topics include: labor supply and demand, both in aggregate and at the firm or individual levels; education and training policies; poverty and welfare policies; discrimination; unions and collective bargaining; labor history and labor law; contemporary policy issues.
Prerequisites: E/M-101 and E/M-102
Spring semester, odd years.
Taught by

E/M 283 - International Trade And Finance
A study of the fundamentals of international trade and finance. Topics include theory of international trade, trade policy and protectionism, regional trade agreements, international factory movements and multinational enterprises, foreign exchange markets, balance of payments, the international monetary system, international finance, banking, risk, and the world debt, the World Trade Organization, and macroeconomic policy in an open economy. Emphasis will be on understanding the impacts of globalization and policies in a global community.
Prerequisites: E/M-101, E/M-102, and E/M-130
Spring semester.
Taught by

E/M 284 - Economic Development And World Resources
This course is a study of the factors influencing the economic modernization of less developed countries, including cultural, human, and natural factors involved in the appearance and disappearance of economic resources. Topics include economic growth and development, poverty and income distribution, food problems, population growth, environment and development, sustainable development, capital formation, investment allocation, structural transformation, planning, markets, the role of the state, privatization, third world debt, development planning, macroeconomic stabilization policies, and the international economics of development. The effect of economic advancement on the rates of resource utilization and its implications for less-developed countries, more-developed countries, and world resources will be examined.
Prerequisite: E/M-101
Fall semester.
Taught by

E/M 330 - Auditing
This course introduces the student to auditing theory and practice. Topics include auditors' professional responsibilities, auditors' legal responsibility, evaluation of audit evidence, internal control evaluation, statistical sampling, and audit reports. The course includes exercises designed to introduce the student to "real life" auditing decisions.
Prerequisite: E/M-230, E/M-232, and computer competency.
Fall semester.
Taught by

E/M 337 - Advanced Accounting: Consolidations
An analysis of accounting for corporations with multiple divisions or subsidiaries. Topics covered include the accounting for mergers and acquisitions, consolidated financial statements, segmented financial data, and accounting for foreign operations.
Prerequisite: E/M-232
Spring semester, second half.
Taught by

E/M 338 - Non-Profit And Governmental Accounting
This course examines accounting principles for non-profit corporations and government units covered by the Government Accounting Standards Board. Topics include fund accounting, financial statements for government and non-profit units, and budgeting and financial control in municipal and state governments. Included is accounting for government agencies, non-profit hospitals, universities and colleges, and non-profit welfare organizations.
Prerequisite: E/M-230
Spring semester, second half.
Taught by

E/M 340 - Federal Taxation
Federal taxation from the point of view of the taxpayer, emphasizing federal income tax and including social security taxes, gift tax, estate tax, and analysis of practical problems. Prerequisite: E/M-130
Fall semester.
Taught by

E/M 350 - Human Resource Management
This course reflects the growing recognition that employees are an organization's most important resource and, as a consequence, management of those resources is an increasingly critical function. Specific responsibilities in that regard include: recruitment and selection, testing and assessment, training and development, affirmative action, compensation and benefits, discipline and discharge. In addition, the course explores the ever-changing legal and regulatory elements that influence human resource activities and decisions.
Prerequisites: E/M-101, E/M-102, E/M-130 or permission of instructor. Junior/senior status.
Fall and Spring semesters.
Taught by

E/M 351 - International Management
In a rapidly evolving field of international management, it is imperative to learn how to ethically, successfully and strategically maneuver within new organizational paradigms. This course will explore strategic managerial issues (e.g., international business strategy and social responsibility; management of production and technology across borders), as well as organizational behavior and HR issues (e.g., motivating and leading employees in an international context; conflict and negotiation across cultures; performance appraisal and compensation across cultures).
Prerequisite: E/M-261 or permission of instructor.
Fall semester.
Taught by

E/M 353 - Production And Operations Management
This course explores the planning and control activities used by a firm to create goods or provide services to the customer. It begins with a description of the management process. The student is then introduced to some operational planning tools to include forecasting, production scheduling, and materials procurement planning. We conclude with a discussion of inventory management and production control systems. Additional topics include Total Quality Control, Just in Time manufacturing, and operations research.
Prerequisites: E/M-101, E/M-102, and E/M-130.
Spring semester, odd years.
Taught by

E/M 355 - Marketing Research
This course explores the planning, collection, and analysis of data relevant to marketing decision making. The course centers around student teams working with a local or regional organization, assisting that organization explore a pressing marketing issues or concern. Via secondary or primary data sources students are exposed to all elements of the marketing research process, ending with a report, with recommendations, to their client organization.
Prerequisites: E/M-101, E/M-102, E/M-130, and E/M-260.
Spring semester.
Taught by

E/M 360 - Managerial Economics
Managerial economics offers an intermediate-level microeconomic analysis of the decisions facing managers in both traditional businesses and not-for-profit organizations. Topics include basic optimization, demand analysis, production and cost, linear programming, pricing and output decisions, factor markets, risk analysis, and strategic behavior. Students cannot receive credit for both E/M-360 and E/M-380.
Prerequisites: E/M-101, E/M-102, E/M-130, and completion of the departmental Mathematics requirement.
Fall and Spring semesters.
Taught by

E/M 365 - Strategic Management
An examination of current business problems for development of policy decisions utilizing case methodology. Students prepare oral and written analyses and solutions for cases drawing on previous courses, current literature and field trip experiences with business leaders.
Prerequisites: Major in the Department, Senior status.
Fall and Spring semesters.
Taught by

E/M 268, 368 - Career Exploration, Internship
Off-campus employment experience related to the student’s major. See description of the Internship Program. Fall and Spring semesters and Summer.

E/M 370 - Managerial Finance
A study of the financial structure and problems of financing business enterprises, including financing of working capital, cash flow, capital budgeting, and monetary and capital markets. Students will develop a business plan and analyze its feasibility. Problem solving is a major part of the class and students will work in small groups on assigned problems.
Prerequisites: E/M-101, E/M-102, E/M-130, and completion of departmental Mathematics requirement.
Fall semester.
Taught by

E/M 371 - Investments
Examination of how financial instruments are valued and traded. Investment strategies, such as active versus passive investing and constructing efficient portfolios, are explored. Students will present investment recommendations to the class (generally individual stocks or mutual funds). Students are expected to use the internet or other sources to conduct research.
Prerequisites: E/M-101, E/M-102, and E/M-130.
Spring semester.
Taught by

E/M 375 - Introduction To Econometrics
This course studies the theory of economic model building. Special emphasis is given to problems of time series and cross sectional data, qualitative variables, estimation of cost function and of simultaneous equation macro econometric models.
Prerequisites: E/M-101, E/M-102, MCS-121, and completion of departmental Statistics requirement.
Fall semester, even years.
Taught by

E/M 380 - Microeconomic Analysis
An intermediate analytical approach to consumption, production, distribution, government regulation, and welfare economics. Students can not receive credit for both E/M-360 and E/M-380.
Prerequisites: E/M-101, E/M-102, E/M-130, and completion of the departmental Mathematics requirement.
Spring semester.
Taught by

E/M 381 - Macroeconomic Analysis
This course is an analytical and empirical approach to macroeconomics. Using current computer software and web-based applications students will explore the long run determinants of economic growth, inflation and unemployment for both developed and developing economies. The course also focuses on an analysis of short run fluctuations in income, employment, how government policies affect the stability of the economy, as well as the interdependence of the domestic and global economies.
Prerequisites: E/M-101, E/M-102, E/M-130, and completion of the departmental Mathematics requirement.
Spring semester.
Taught by

E/M 389 - Seminar In Management
Studies in contemporary management or international management problems through group and individual research and informal group discussion. Open only to advanced students majoring in management or international management. Each seminar is either letter graded or pass/fail, at the discretion of the instructor.

E/M 291, 391 - Independent Study
This permits wide latitude for well-qualified students to do supervised, individual study and/or research in a field of special interest. Open only to students majoring in the department and with permission of the department.
Fall and Spring semesters and Summer.