The George L. Argyros School of Business and Economics

Arthur Kraft, Ph.D., Dean

John B. Broughton, Ph.D., Associate Dean

Professors: Adibi, Booth, Dickhaut, Kathuria, Machan, Pfeiffer, Pierson Doti, Porter, Rassenti, Sfeir, Smith, V., Tuggle, Wihlborg, Wilson;

Associate Professors: Broughton, Dehning, Giannantonio, Hanson, Murray, Nyer, Shukla, Sinha, P., Turk, Virchick, Ybarra;

Assistant Professors: Adler, Aggarwal, Altintig, Ataman, Chiu, Coskuner-Balli, Erenburg, Hu, Kang, Karniouchina, Myhr, Shields, Sinha, C., Sudek, Toukan, Uslay.

Bachelor of Science in Accounting

Bachelor of Science in Business Administration

Bachelor of Arts in Economics

Master of Business Administration

Executive Master of Business Administration

Integrated 5-year Undergraduate/Master of Business Administration

The George L. Argyros School of Business and Economics is dedicated to preparing its graduates for roles as innovators, leaders and value creators in the twenty-first century. The School seeks to accomplish this through academic programs blending the best of business theory with exposure to the best of business practice. As globalization and technological advancement lead to increasing complexity in business affairs, the Argyros School strives to meet the educational needs of the next generation of business leaders.

In addition to offering rigorous degree programs, the Argyros School operates centers that address the driving forces of the market: economic research, entrepreneurship, globalization, and real estate. In our centers, faculty from various functional disciplines work together to address interdisciplinary themes in teaching, research, and outreach. The centers provide a means to take the George L. Argyros School of Business and Economics to the business world and to the larger community, and conversely, to bring the outside business world and community to the School.

A. Gary Anderson Center for Economic Research

The A. Gary Anderson Center for Economic Research (ACER) was established in 1979. The mission of the center is to provide data, facilities and support in order to encourage the faculty and students at Chapman University to engage in economic and business research of high quality, and to disseminate the results of this research to the Southern California communities.

C. Larry Hoag Center for Real Estate and Finance

Established in 2005, the C. Larry Hoag Center for Real Estate and Finance is the Argyros School's newest center. In addition to coordinating the Argyros School's academic programs in real estate, the center provides real estate expertise to the Orange County community, sponsors symposia and panel discussions, and offers information and assistance to students interested in pursuing a career in the real estate industry.

Ralph W. Leatherby Center for Entrepreneurship and Business Ethics

For students, alumni, and Orange County businesses, the Ralph W. Leatherby Center for Entrepreneurship and Business Ethics provides resources for individuals interested in succeeding with entrepreneurial pursuits. Nationally ranked in entrepreneurship by Entrepreneur magazine and The Princeton Review, the center provides advice on start–up strategies, business and marketing plans, strategies for growing firms as well as guidance in securing angel and venture capital funding. Students are provided opportunities for entrepreneurial internships, business plan contests, consulting team projects and mentorship opportunities.

Walter Schmid Center for International Business

The Walter Schmid Center for International Business was established in 1992. The mission of the center is to provide leadership in internationalizing business education in the Argyros School of Business and Economics, to create and disseminate knowledge through research on the global economy and to provide a resource for Orange County business people to assess and act upon opportunities in the global marketplace.

Admission Requirements

Admission to undergraduate majors and minors in the Argyros School of Business and Economics is separately determined from admission to the University. Currently enrolled Chapman students as well as all transfer students wishing to become majors/minors in the Argyros School will not become majors/minors unless they have successfully completed all of the following 'PRE' courses with a GPA of 2.250 or greater for the set of courses, as well as a minimum grade of C- for all Argyros School courses.

Written Inquiry course (code 7WI)

ECON 200

ECON 201

ACTG 210 (not required for those seeking a minor in economics)

MGSC 208

Students not admitted directly will be enrolled in the "Pre-Business" program. Transfer students satisfying the Pre-Business course requirements at the time of admission will be directly admitted to the regular B.S., B.A., or minor degree program. All Argyros School courses other than BUS 100, BUS 215, ECON 200, ECON 201, ACTG 210, ACTG 211, MGSC 208, MGSC 209 and MKTG 200 will be restricted to Argyros School majors/minors only. Non-Argyros School students (including Pre-Business students) will not be allowed to enroll in restricted courses, unless they receive instructor approval. Once a Pre-Business student successfully completes the PRE course requirements at or above the minimum GPA standard, that student then will be approved to change their major/minor to the regular Argyros school program.

Bachelor of Science in Accounting

Coursework in the accounting major gives students broad training in the field of business, supplemented by intensive preparation in the field of accounting. Graduates of the program will find professional opportunities in public accounting (CPAs), in industry, in government and in not–for–profit organizations. Students pursuing the BS in accounting must attain at least a 2.000 grade point average in the major. In addition, they must receive at least a "C–" in all lower–division core requirements, upper–division core requirements, and ACTG 320, ACTG 330, ACTG 331, and BUS 475. All courses in the major must be taken for a letter grade. Students are required to complete a minimum of 30 credit hours of the requirements at Chapman University.

lower–division core requirements (24 credits)

ethics, writing and communications requirements (3 credits)

upper–division core requirements (12 credits)

upper–division accounting core requirements (18 credits)

one of the following

upper–division accounting electives (6 credits)

two of the following

*May not count as an upper–division accounting elective if used to satisfy upper-division accounting core requirements.

upper–division capstone requirement (3 credits)

Bachelor of Science in Business Administration

The business administration program combines a liberal arts education with strong professional training in business. The course of study equips students to solve business problems through the application of the basic tools in accounting, economics, finance, management, marketing, and quantitative methods. Students learn to communicate in an understandable and effective manner both orally and in writing. Graduates also develop an awareness of the operation of the institutions of the American economy and how these institutions compare and interact with those of other countries. Additionally, students gain an understanding of the contemporary ethical issues confronting the business sector. They are also exposed to the latest technologies being used by businesses. Students have the option to choose one or more emphases in business economics, entrepreneurship, finance, management, marketing, international business and real estate. Students pursuing the business administration degree must attain at least a 2.000 grade point average in the major. In addition, they must receive at least a "C–" in each lower–division and upper–division core course, as well as BUS 475, the capstone course. All courses in the major must be taken for a letter grade. Students must complete a minimum of 27 credit hours of the requirements at Chapman University.

lower–division core requirements (24 credits)

ethics, writing and communications requirements (3 credits)

upper–division core requirements (15 credits)

upper–division electives (15 credits)

Fifteen credits of upper–division courses chosen from the following areas: Accounting, Business, Economics, Finance, Management, Management Science, Marketing and Real Estate. Courses taken toward an emphasis may be used toward the required elective credits. Internship and independent study credits do not count toward upper–division elective credits.

international component

Students must complete one international travel course (minimum 3 credits) or one semester study abroad or take one upper–division internationally focused course as one of their upper–division electives from among the following:

Students taking an emphasis in International Business may not substitute an internationally focused course for an international travel course or one semester study abroad.

upper-division capstone requirement (3 credits)

Emphases

Students may pursue one or more emphases in the business administration major. Each emphasis is satisfied by taking fifteen credits from among the upper–division electives listed under the emphases below. Only one course may be counted for more than one emphasis. The emphasis area is noted on the transcript. Internship and independent study credits do not count toward an emphasis.

Emphasis in Business Economics

three of the following

Emphasis in Entrepreneurship

three of the following

Emphasis in Finance

three of the following

Emphasis in International Business

one of the following

Note: International Business emphasis students must complete one international travel course (minimum 3 credits) or one semester study abroad.

Emphasis in Management

five of the following

Emphasis in Marketing

five of the following

Emphasis in Real Estate

two of the following

Bachelor of Arts in Economics

The BA in economics produces students who have a thorough understanding of the tools of microeconomic and macroeconomic analysis and the ability to apply these tools appropriately to real world situations. Students learn to communicate in a clear and rigorous style. They will gain a thorough understanding of the operations of the institutions of the American economy and knowledge of how institutions in other economies function. Students pursuing the BA in economics must complete nine required courses (25 credits) in the economics core with a "C–" or better in each, six courses (18 credits) in economics electives and a 2.000 GPA in the major. All courses in the major must be taken for a letter grade. Students are required to complete a minimum of 21 credit hours of the requirements at Chapman University. Students planning to pursue graduate studies in economics are strongly advised to take ECON 452 and additional math courses under the guidance of their advisor.

Recent economics majors have interned in the U.S. Supreme Court, Heritage Foundation, Council of Economic Advisors, and the U.S. Commerce Department. Students have the opportunity to work in the Center for Economic Research and to apply for financial support to attend seminars on Environmental Economics in Montana. The BA in economics is designed to permit students the flexibility to earn another major or to take additional coursework in business. Most economics majors find careers in business or pursue graduate degrees.

core requirements (25 credits)

electives (18 credits)

six of the following

Minors in Business and Economics

Students can earn a minor in either business administration or economics by completing the following requirements. Students must take all courses for letter grades and must receive at least a "C–" in each required course. In addition, students must earn at least a 2.000 "C" grade point average in the minor. Students are required to complete a minimum of 50 percent of the requirements for the minor at Chapman University. A minimum of 9 credits must be upper-division.

Minor in Business Administration

requirements (30 credits)

Minor in Economics

requirements (21 credits)

School of Business Graduate Programs

Master of Business Administration

The George L. Argyros School of Business and Economics' MBA programs prepare students to assume leadership roles in a dynamic market economy. Grounded in economic reasoning with an understanding of markets, successful graduates will gain the knowledge and skills necessary to identify and evaluate opportunities throughout the world and mobilize the resources to exploit them.

The Argyros School offers an MBA program for early to mid-level career professionals and an Executive MBA program for individuals with significant professional experience. Students completing either program will develop an understanding of all functional areas of business, an ability to communicate persuasively, a capacity for effective economic analysis, and a global perspective.

An Integrated Five-Year Undergraduate/MBA Program is also offered, along with a joint JD/MBA in conjunction with the Chapman Law School, and a joint MBA/MFA in Film and Television Producing, in conjunction with the Dodge College of Film and Media Arts.

MBA

Courses in the MBA program generally meet once a week, for 3 or 4 hours, either during the afternoon or evening, for 15 weeks. Accelerated interterm and summer courses are also offered. Students have the choice of attending on a full or part–time basis and take courses at the rate they choose, offering maximum flexibility in completing their course of study. Full–time students can complete the program in as little as 16 months and part-time students can finish in as few as 23 months. The MBA program requires 13 courses plus one residential experience.

Executive MBA

The Executive MBA program is ideal for individuals with significant professional experience. Classes for this 21–month program generally meet Thursday nights from 7 p.m. to 10 p.m. and Saturday mornings from 9 a.m. to 12 p.m. Special features include residential courses in San Diego, an international location and Washington D.C., as well as the Distinguished Speaker Series.

Integrated Five-Year Undergraduate/MBA Program

Chapman undergraduates in the integrated program begin taking MBA coursework in the second semester of their senior year and complete all requirements for the MBA in only one year beyond completion of the bachelor's degree. All undergraduate majors are invited to apply in the spring of their junior year. Students take most coursework together with the other students who have entered the program at the same time. There is a significant focus on career preparation with hands-on assistance provided by the MBA Career Management Center.

JD/MBA Program

In conjunction with the Chapman University School of Law, the Argyros School of Business and Economics offers a joint program leading to both the JD and MBA degrees. Offered to full-time students, the program requires four years of study and acceptance to both the Chapman University School of Law and the Argyros School of Business and Economics. The JD/MBA program gives students the opportunity to obtain two highly marketable professional degrees.

MBA/MFA in Film and Television Producing Program

In conjunction with the Lawrence and Kristina Dodge College of Film and Media Arts, the Argyros School of Business and Economics offers a joint program leading to both an MBA degree and an MFA in Film and Television Producing degree. Offered to full-time students, the program requires three years of study and acceptance to both the Argyros School of Business and Economics and the Dodge College of Film and Media Arts. The MBA/MFA in Film and Television Producing gives students the opportunity to obtain two highly marketable professional degrees designed for individuals seeking a management or executive level position at a production company, talent agency, studio, or television network.

For further information regarding the MBA, the Executive MBA, the Integrated Five-Year Undergraduate/MBA, the JD/MBA, or the MBA/MFA in Film and Television Producing, please contact the graduate offices of the Argyros School of Business and Economics at 877/CHAP-MBA (877/242-7622).

Course Descriptions – Accounting

ACTG 210 Introduction to Financial Accounting

Prerequisite, Math 104 or equivalent. An introduction to the financial accounting process, the concepts of asset/liability valuation and income measurement, and the preparation and interpretation of financial statements. (Offered every semester.) 3 credits.

ACTG 211 Introduction to Managerial Accounting

Prerequisite, ACTG 210. An introduction to the use of accounting information in the planning, control, and decision–making functions of management. (Offered every semester.) 3 credits.

ACTG 299 Independent Study

For students who wish to pursue a special area of study not included in the curriculum. Maximum of 6 credits. (Offered every semester.) 3 credits.

ACTG 312 Financial Reporting and Statement Analysis

Prerequisite, ACTG 211. Analysis of accounting and tax information for business decisions. Financial statements analysis. Pro forma financial statements. Cash flow analysis. Credit evaluation. Additional financial and tax reporting issues including reporting in multinational environments. (Offered every year.) 3 credits.

ACTG 320 Cost Accounting I

Prerequisite, ACTG 211. Theory of cost accounting and cost control for manufacturing and service type entities. Topics include job order and process costing, accounting for by–products and joint costs, and development of a master budget. (Offered every year.) 3 credits.

ACTG 321 Cost Accounting II

Prerequisite, ACTG 320. Theory of cost accounting and cost control relating to materials, labor, and overhead; variance analysis; management utilization of cost information in overall evaluation of business performance. Activity–based accounting, break–even and variable costing techniques, and accounting for non–routine business decisions. (Offered spring semester.) 3 credits.

ACTG 330 Intermediate Financial Accounting I

Prerequisite, ACTG 211. A comprehensive examination of financial accounting and reporting. Topics include the conceptual framework, financial accounting systems, preparation and presentation of financial statements, revenue recognition, cash and receivables, inventory, plant assets and intangibles. (Offered fall semester.) 3 credits.

ACTG 331 Intermediate Financial Accounting II

Prerequisite, ACTG 330. A continuation of ACTG 330. Topics include bonds and other long–term liabilities; leases, pensions and other post–retirement benefits; deferred income taxes; stockholders' equity; earnings per share; investments in securities of other companies, and a review of the cash flow statement. (Offered spring semester.) 3 credits.

ACTG 439 Accounting Information Systems

Prerequisite, ACTG 330 or consent of instructor. Accounting information systems and the use of information technology for decision making, including controlling risks within business processes. Emphasis on sources and types of information and the use of analytical tools in solving accounting management problems. (Offered spring semester.) 3 credits.

ACTG 440 Advanced Financial Accounting

Prerequisite, ACTG 331. Advanced topics in financial accounting and reporting, including business combinations and consolidated financial statements, reporting by multinational companies, segment reporting, bankruptcy and reorganization, and government and not–for–profit accounting. (Offered as needed.) 3 credits.

ACTG 450 Individual Taxation

Prerequisite, ACTG 211. Federal income tax related primarily to individuals. Included are concepts of income, deductions, credits, and capital gains and losses. (Offered fall semester.) 3 credits.

ACTG 451 Taxation of Corporations and Other Entities

Prerequisite, ACTG 211. Federal income tax law related to partnerships, corporations, Subchapter S corporations, and an overview of federal estate and gift taxes. (Offered spring semester.) 3 credits.

ACTG 460 Auditing

Prerequisite, ACTG 330. Auditing theory issues examined are the purpose of auditing, ethics, legal liability, the auditor's opinion and alternative forms of reporting. The audit practice issues covered include: evidential matter, audit planning and documentation, review of internal control, use of statistical methods, and auditing in the computer environment. (Offered fall semester.) 3 credits.

ACTG 496 Special Topics in Accounting

In–depth study of a specific area; content of course determined by student interest and instructor. May be repeated once. (Offered as needed.) 3 credits.

ACTG 499 Independent Study

Prerequisite, approval of petition. For students who wish to pursue a special area of study not included in the curriculum. Maximum of 6 credits. (Offered every semester.) 1–3 credits.

Course Descriptions – Business

BUS 100 Introduction to Business

Not required for business or accounting majors. An overview of the American business environment. Topics include forms of organizational structure, techniques of decision–making and control, managing and motivating people, marketing, production, accounting and funds management, globalization, technology and e–commerce. (Offered every semester.) 3 credits.

BUS 215 Legal Environment of Business

Introduction to the legal environment as it relates to agencies, partnerships, and corporations. Emphasis on contract law. Brief review of torts and crimes in the context of various business entities. (Offered every semester.) 3 credits.

BUS 216 Business Ethics

Prerequisite, satisfaction of the written inquiry requirement in the general education program. Ethics and its scope in the context of business. The course briefly covers the presuppositions of ethics and how ethics and economics are compatible, the structure of ethics, its various branches, and some of the main ethical theories. (Offered every semester.) 1 credit.

BUS 217 Business Communication: Writing Skills

Prerequisite, satisfaction of the written inquiry requirement in the general education program. Business and management applications of the principles of written communication. (Offered every semester.) 1 credit.

BUS 218 Business Communication: Oral Skills

Business and management applications of the principles of oral communication. (Offered every semester.) 1 credit.

BUS 229 Experimental Course

This course is designed to provide additional opportunities to explore experimental areas and subjects of special interest. Repeatable if course topic is different. (Offered as needed.) 3 credits.

BUS 299 Individual Study

For students who wish to pursue a special area of study not included in the curriculum. Maximum of 6 credits. (Offered every semester.) 1-6 credits.

BUS 329 Experimental Course

This course is designed to provide additional opportunities to explore experimental areas and subjects of special interest. Repeatable if course topic is different. (Offered as needed.) 3 credits.

BUS 399 Individual Study

For students who wish to pursue a special area of study not included in the curriculum. Maximum of 6 credits. (Offered every semester.) 1-6 credits.

BUS 475 Business Policy: An International Perspective

Prerequisites, senior standing and completion of lower and upper–division core requirements. This course examines the relationships between policy–making, strategy, tactics, and organizational control. Policy formulation and execution are of primary importance. Issues surrounding corporate ethics and social responsibility are investigated. (Offered every semester.) 3 credits.

BUS 490 Independent Internship

Prerequisites, completion of lower–division core requirements; junior or senior standing; up–to–date résumé. Internships provide for integration of a student's academic and/or career interests with productive work experiences. P/NP. (Offered every semester.) 1–6 credits in one position.

BUS 493 Business Internship in London

Prerequisite, at least junior standing. This course provides the opportunity for students to participate in a 8–week internship in London, England and apply classroom learning to a professional business setting. Students reside in student flats, attend a pre-departure orientation, and are placed with appropriate sponsors in London relative to their major. P/NP. (Offered every summer.) 3 credits.

BUS 495 Special Topics in International Business

In-depth study of an international business topic; content of course changes every semester. May be repeated for credit. (Offered as needed). 3 credits.

BUS 496 Special Topics in Business

In–depth study of a specific area; content changes each semester. May be repeated for credit. (Offered as needed.) 3 credits.

BUS 499 Independent Study

Prerequisite, approval of petition. For students who wish to pursue a special area of study not included in the curriculum. Maximum of 6 credits. (Offered every semester.) 1–3 credits.

Course Descriptions – Economics

ECON 200 Principles of Microeconomics

Decision–making with scarce resources, supply and demand concepts, pricing in competitive and non–competitive markets, capital theory, resource pricing, public choice, environmental economics, international trade, and comparative economic systems. (Offered every semester.) 3 credits.

ECON 201 Principles of Macroeconomics

Theory of national income equilibrium and fluctuations, money and banking, monetary and fiscal policy, international trade, and foreign exchange rates. (Offered every semester.) 3 credits.

ECON 299 Individual Study

For students who wish to pursue a special area of study not included in the curriculum. Maximum of 6 credits. (Offered every semester.) 1-6 credits.

ECON 314 United States Economic and Entrepreneurial History

(Same as HIST 314) Prerequisite, general knowledge of American history, normally satisfied by American high school courses or a college survey course. The course examines the changing roles of entrepreneurs, business, the financial structure, and government's role in the economy in the United States from colonial times to the present, with an emphasis on the 20th century. The entrepreneur's own ethics, lifestyle and background will be examined. (Offered spring semester.) 3 credits.

ECON 329 Experimental Course

This course is designed to provide additional opportunities to explore experimental areas and subjects of special interest. Repeatable if course topic is different. (Offered as needed.) 3 credits.

ECON 350 Intermediate Microeconomics Theory

Prerequisites, ECON 200, 201, MGSC 208. An intermediate course in microeconomics theory. Theory of demand derived from indifference curves and revealed preference. Supply analysis derived from cost and production functions. Product and resource pricing for both price-seeking and price–taking firms. Other topics covered include externality theory, game theory, and public choice. (Offered spring semester.) 3 credits.

ECON 351 Intermediate Macroeconomic Theory

Prerequisites, ECON 200, 201, MGSC 208. Aggregate supply and demand curves, IS–LM and algebraic models are used to analyze classical, Keynesian, and modern theories of the economy, and the national and international implications of policy decisions. (Offered fall semester.) 3 credits.

ECON 355 Economics of Race and Culture in America

Prerequisite, ECON 200. This course applies microeconomic theory to issues relating to race and culture in America. Students will learn the causes of inequalities in the distribution of income and wealth. The impact of migration, conquest, and culture upon economic status will be a major topic. The evolution of public economic policy toward various racial, ethnic, and other groups will be carefully examined. (Offered spring semester.) 3 credits.

ECON 399 Individual Study

For students who wish to pursue a special area of study not included in the curriculum. Maximum of 6 credits. (Offered every semester.) 1-6 credits.

ECON 411 International Economics

Prerequisites, ECON 200, 201. International trade policy, including effects of tariffs, quotas, subsidies, exchange control, and other trade restrictions upon a nation's economy. Analysis of balance of payments. Causes and methods of correction of disequilibrium in the balance of payments. (Offered fall semester.) 3 credits.

ECON 441 Economic Development

Prerequisites, ECON 200, 201. Theories of economic growth, interaction of culture and development, and obstacles to development. Geography and its relation to development. Problems of capital formation and technological transfers. Public and private sources of investment. Policies and programs to accelerate growth in underdeveloped areas. (Offered fall semester.) 3 credits.

ECON 448 Managerial Economics

Prerequisites, ACTG 210, ECON 200, 201, MGSC 209. Use and application of economic theory and statistics in the decision–making process. Cases and lectures. (Offered fall semester.) 3 credits.

ECON 452 Econometrics

Prerequisites, ECON 200, 201, MGSC 209. Mathematical and statistical tools to measure economic phenomena. This will involve mathematical formulation of economic theories and statistical inference relating economic theory to empirical analysis. (Offered spring semester.) 3 credits.

ECON 460 Environmental and Natural Resources Economics

Prerequisites, ECON 200, 201. Theories of environmental and natural resource economics will be examined both for allocative efficiency and for impacts on growth. The theory of public choice and the theory of market failure will be studied. Theory will be applied to renewable and nonrenewable resources and to pollution of air, water, and land. (Offered spring semester, alternate years.) 3 credits.

ECON 496 Special Topics in Economics

In–depth study of a specific area; content of course changes every semester. May be repeated once. (Offered as needed.) 3 credits.

ECON 499 Independent Study

Prerequisite, approval of petition. For students who wish to pursue a special area of study not included in the curriculum. Maximum 6 credits. (Offered every semester.) 1–3 credits.

Economics

ES 329 Experimental Course

This course is designed to provide additional opportunities to explore experimental areas and subjects of special interest. Repeatable if course topic is different. (Offered as needed.) 1, 2, 3 or variable credits depending on the subject matter and course demands.

ES 430 Computational Economics

Prerequisite, MGSC 208 or MATH 210, or equivalent calculus course. This course will introduce students to the computational tools required to understand electronic exchange systems and implement economic experiments. Students will be required to become familiar with numerical analysis, computer simulation and programming of experiments. (Offered every year.) 3 credits.

ES 441 Experimental Economics I

A course designed to engage the student as an economic actor in a wide variety of environments. The economies we will study will be ones in which students will participate and generate the data that will then be the subject of examination in the classroom. We will explore how these studies parallel important questions in the at large economy today. Special topics include Pit Markets, Trust, Double Auctions, Asset Markets and Price Bubbles, Information Cascades, and Prediction Markets. (Offered every year.) 3 credits.

ES 442 Experimental Economics II

Prerequisite, ES 441. Designed for students to learn how experimental methods can be used to inform economic research and practice. Students expected to have working understanding of basic economic concepts and multivariate calculus. (Offered every year.) 3 credits.

ES 451 Economic Systems Design I: Principles and Experiments

Prerequisites, MGSC 208 or MATH 210, or equivalent calculus course. This course will introduce students to the analytical and engineering principles used in developing exchange systems. Students will be required to become familiar with the literature on applied mechanism design and understand the behavioral aspects of auction systems, matching, assignment and transportation problems. In addition, students will be introduced to methods for testbedding systems using experimental economics. (Offered every year.) 3 credits.

ES 452 Economic Systems Design II: Case Studies and Analysis

Prerequisite, ES 451. This course is intended to involve students in designing specific allocation mechanisms for specific problems. Students will be required to design and develop a mechanism to a specific allocation problem. Students must develop an analytical model, literature review and testbed for their mechanism. (Offered every year.) 3 credits.

ES 453 Economic System Design III

Prerequisites, ES 451, 452. Students will be required to synthesize their knowledge of Economic Systems Design and Experimental Economics and apply it to a real world problem. (Offered every year.) 3 credits.

Course Descriptions – Finance

FIN 307 The Financial System

Prerequisites, ECON 200, 201. Financial intermediation and institutions, central banking, financial markets, and monetary economics. The impact of fiscal and monetary policy on interest rates. Provides a background for understanding financial structure and capital markets for business majors. (Offered every semester.) 3 credits.

FIN 317 Financial Management

Prerequisites, ACTG 211, ECON 200, 201, MGSC 209. Principles governing the financial management of corporations with emphasis on the role of the financial manager; current asset management; financial structure; analysis of financial statements; evaluation of short–term and long–term funding sources; cost of capital and capital budgeting; evaluation of dividend policy; and financial forecasting. (Offered every semester.) 3 credits.

FIN 327 Intermediate Financial Management

Prerequisite, FIN 317. Financial ratio analysis; breakeven analysis; management of cash, marketable securities, inventory and accounts receivable; portfolio theory; dividend policy; mergers and acquisitions; capital budgeting, and international finance. (Offered every year.) 3 credits.

FIN 400 A Walk Down Wall Street

Prerequisite, FIN 317. An examination of the practical operation of financial markets and the functions of the major players within the markets. The class will visit New York City for one week and tour the New York Stock Exchange, the New York Mercantile Exchange and the Federal Reserve Bank of New York. Interviews will be scheduled with a variety of firms including investment banks, money managers, mutual fund companies and financial information providers. (Offered every year.) 3 credits.

FIN 410 International Financial Management

Prerequisite, FIN 317. Application of principles of international financial management. Topics include foreign exchange markets, risk management, problems unique to international operations, international sources and uses of funds, long–term assets and liability management, capital budgeting and corporate financial strategy in an international context. (Offered spring semester.) 3 credits.

FIN 421 Investments

Prerequisite, FIN 317. Investment principles and practices with emphasis on the individual investor. The evaluation, selection, and management of securities; investment principles; trading methods and valuation; different types of investments and savings; portfolio theory; sources of investment information, and interpretation of financial statements. (Offered fall semester.) 3 credits.

FIN 435 Financing Entrepreneurial Enterprises

Prerequisite, FIN 317. In–depth examination of financial issues of particular importance to entrepreneurs. Topics include estimating capital requirements and risk, identifying and evaluating sources of capital, and liquidity events. Issues associated with structuring partnership arrangements and other alliances will also be discussed. (Offered every semester.) 3 credits.

FIN 496 Special Topics in Finance

Prerequisite, FIN 317. In-depth study of a specific area; content of course changes every semester. May be repeated once. (Offered as needed.) 3 credits.

FIN 499 Independent Study

Prerequisite, approval of petition. For students who wish to pursue a special area of study not included in the curriculum. Maximum of 6 credits. (Offered every semester.) 1–3 credits.

Course Descriptions – Management

MGMT 316 Principles of Management

Prerequisite, junior or senior standing. Contemporary issues in management designed to improve managerial skills. Focuses on the three primary tasks of managers: managing strategy, managing structure, and managing behavior. Develops skills in strategic planning, organization design, motivation, leadership, decision-making, and implementing change. (Offered every semester.) 3 credits.

MGMT 360 Human Resources Management

Prerequisite, MGMT 316. This course examines the management of human resources in organizational settings. A systems model of human resources management is used as a framework for understanding the competitive advantages of strategically managing an organization's human resources. The goals of the course are to teach students to successfully design, implement, and evaluate human resource programs including planning, performance management, recruitment, selection, training, development, and compensation. Students examine the influence of internal organizational variables and external environmental variables on the ways that organizations manage their human resources to successfully compete in today's market. (Offered spring semester.) 3 credits.

MGMT 435 Management of Entrepreneurial Enterprises

Prerequisites, MGMT 316, MKTG 304, FIN 317. This seminar introduces students to the basic activities required to successfully manage an entrepreneurial enterprise. Topics include generating entrepreneurial ideas, assessing the potential of new ventures, developing business plans, attracting capital, and taking a business public. Legal issues associated with new ventures will be discussed. (Offered every semester.) 3 credits.

MGMT 470 International Business Management

Prerequisites, ECON 200, 201, MKTG 304, MGMT 316. A course of study designed to examine the role of business firms in the international business environment. The thrust of the course is to study the environmental relationships, cultural and political impacts, and the effects on the community of nations as the international business community grows and spreads. Specific management problems that are inherent in multinational activities are of prime importance. (Offered spring semester.) 3 credits.

MGMT 480 Human Behavior in Organizations

Prerequisite, MGMT 316. The purpose of this course is to familiarize students with the use of basic theories of individual, group, and macro–organizational behavior in addressing managerial and enterprise challenges. Case studies and experiential exercises are used to allow students to apply theory to practice. (Offered fall semester.) 3 credits.

MGMT 485 Seminar in Business Consulting

Prerequisite, MGMT 316. This course reviews entrepreneurship principles and concepts of the consulting process. Students participate as a consultant on a student team assigned to work on a real–world problem faced by a business organization. (Offered every semester.) 3 credits.

MGMT 496 Special Topics in Management

In–depth study of a specific area; content of course changes every semester. May be repeated once. (Offered as needed.) 3 credits.

MGMT 499 Independent Study

Prerequisite, approval of petition. For students who wish to pursue a special area of study not included in the curriculum. Maximum of 6 credits. (Offered every semester.) 1–3 credits.

Course Descriptions – Management Science

MGSC 208 Mathematical Analysis for Business

Prerequisite, MATH 104 or equivalent. Principles of linear algebra and differential calculus applied to business and economic problems, particularly single variable optimization models. Topics include systems of equations, matrix algebra, concept of limits, differentials and optimization. (Offered every semester.) 3 credits.

MGSC 209 Introductory Business Statistics

Prerequisite, MGSC 208. Emphasis on the use of statistics as an aid in reaching business decisions. Central tendency and dispersion, probability theory; discrete and normal distributions, sampling theory, sampling distributions, and statistical inference in business–related problems. Testing hypotheses in large and small samples. Correlation and regression analyses. (Offered every semester.) 3 credits.

MGSC 300 Introduction to Information Systems

Prerequisites, ACTG 211, MGSC 209. Builds a basic understanding of the value and uses of information systems for business operations, management decision making, and strategic advantage. (Offered every semester.) 3 credits.

MGSC 346 Production and Operations Management

Prerequisites, MGSC 209, MGMT 316. Study of the production/operations management function. Topics include operations strategy, forecasting, inventory control, scheduling, queuing theory, project management, facilities layout, and quality assurance. The focus of this class will be on problem solving. Computer software will be used extensively. (Offered every semester.) 3 credits.

MGSC 399 Independent Study

For students who wish to pursue a special area of study not included in the curriculum. Maximum of 6 credits. (Offered every semester.) 1-6 credits.

MGSC 496 Special Topics in Management Science

In-depth study of a specific area; content of course changes every semester. May be repeated once. (Offered as needed.) 3 credits.

MGSC 499 Independent Study

Prerequisite, approval of petition. For students who wish to pursue a special area of study not included in the curriculum. Maximum of 6 credits. (Offered every semester.) 1–3 credits.

Course Descriptions – Marketing

MKTG 199 Individual Study

(Offered every semester.) 1-3 credits.

MKTG 200 Fundamentals of Marketing

An introductory course in marketing for non–business majors. The primary objectives of this course are to develop an understanding of the marketing philosophy, the marketing processes and institutions, and to develop management–oriented decision–making skills. (Offered fall semester.) 3 credits.

MKTG 299 Individual Study

For students who wish to pursue a special area of study not included in the curriculum. Maximum of 6 credits. (Offered every semester.) 3-6 credits.

MKTG 304 Principles of Marketing

Prerequisite, ECON 200. The marketing of goods and services and the role of marketing in the economy. Topics include: the marketing environment and the marketing management function; market analysis including buyer behavior and market segmentation; marketing mix policies including product, channel, promotion, and pricing; and public policies toward marketing. (Offered every semester.) 3 credits.

MKTG 399 Independent Study

For students who wish to pursue a special area of study not included in the curriculum. Maximum of 6 credits. (Offered every semester.) 3 credits.

MKTG 404 Advertising and Promotion Strategy

Prerequisite, MK