International Business Sample Schedule/Paradigm A 4-year plan to complete your International Business major+ More The major paradigm offered below is an optimal pathway to completion of the major. However, several factors affect a student's ability to follow this specific pathway, including timing of a student's decision to major, course availability, course demand, course scheduling conflicts, and faculty availability. Therefore, a student should expect that he/she will not likely follow this specific pathway to completion of the major. A student may use the paradigm as a resource and preparation guide, but a student's academic advisor is the best resource for planning course schedules. Freshman Year - Fall LCT140 First Year Seminar 3 E120 English Composition 3 AC222 Accounting Concepts 3 General Education Content Area/Oral Communication Requirement 3-4 General Education Content Area 3-4 Credits: 15-17 Freshman Year - Spring MG219 Principles of Management 3 EC262 Principles of Macroeconomics 3 BU243 Business Computer Applications 3 General Education Content Area 3-4 Elective 3 Credits: 15-16 Sophomore Year - Fall LCT225 Perspectives (may be taken spring semester) 3 ID160 Artscore 2 MK217 Principles of Marketing 3 BU285 International Business Environment 3 M145 Finite Math 3 Elective 3 Credits: 17 Sophomore Year - Spring EC261 Principles of Microeconomics (Area HS) 3 BU215 Business Statistics (Area QS) 3 PH362 Business Ethics (Area MT) 3 General Education Content Area 3-4 General Education Content Area 3-4 Physical Education Course 0 Credits: 15-17 Junior Year - Fall BU312 Business Law I 3 MK430 International Marketing 3 FN341 Corporate Finance 3 General Education Content Area 3 Elective 3 Credits: 15 Junior Year - Spring LCT375 Global Issues 3 MG410 International Management 3 International Business Elective/travel course 3 General Education Content Area 3 Elective 3 Credits: 15 Senior Year - Fall LCT475 Capstone (may be taken spring semester) 3 BU452 Strategic Management 3 International Business Elective 3 Elective 3 Elective 3 Physical Education Course 0 Credits: 15 Senior Year - Spring EC440 International Trade and Finance 3 General Education Content Area 3 Elective 3 Elective 3 Elective 3 Credits: 15 All Business courses require math competency It is the responsibility of the student to complete all major and university requirements. Please refer to the university catalog for additional information regarding this major. Course title and content is subject to change. Not all courses are offered each semester or year. Please consult with your major advisor for the most current information. Students enrolled in the Lasallian Honors Program should consult the program director for the appropriate sequence of courses. Course descriptions + More (From the 2011-13 Catalog) A. Business Core All of the following: AC222 - Accounting Concepts (3 credits) This course provides an introduction to accounting with an emphasis on the interpretation and use of accounting information for effective business decision-making. The course employs an information user/managerial approach rather than an information preparer approach. Students are introduced to the accounting system, financial statement analysis, and quantitative managerial accounting techniques. Prerequisite: mathematics competency. BU285 - International Business Environment (3 credits) An introduction to the international business environment, including cultures, ethics, economics, geography, and legal systems, associated with our global society. The course serves as a foundation for international business majors and as a survey course for other business majors. Prerequisite: mathematics competency. BU312 - Business Law I (3 credits) This survey course is designed to introduce students to the study of law through a review of its historical origins, the various sources of the law and the practical context in which laws are applied. Particular attention is given to areas of law which are relevant to todayﾒs business environment; for example, torts, contracts, agency and sales. Prerequisite: C grade or higher in MG219. BU452 - Strategic Management (3 credits) This capstone course in business develops studentsﾒ understanding of strategic decision-making through integrative use of business knowledge from each of the major functional areas in business. Extensive use of decision cases is made to address such issues as: What is strategy?, Who makes it?; What are the basic strategic options of a firm?; How is the business environment analyzed for strategic purposes? Highlights of the course include a business case competition and computer simulation. Prerequisites: FN341 and senior status. CS102 - Business Computer Applications (3 credits) This course provides in-depth coverage of Microsoft Excel and Access in the context of business applications. Excel topics include formulas and functions, charting, large datasets, pivot tables and what-if analysis. Access topics include relational database concepts, database design, basic query construction, and report generation. This course combines on-line and hands-on learning. Prerequisite: AC222 for business majors. EC261 - Principles of Microeconomics (3 credits) A traditional introduction to the principles of microeconomics, concentrating on behavior of the household and the firm. The course analyzes factors determining prices, production and allocation of economic resources. Current issues are emphasized. Prerequisite: mathematics competency. EC262 - Principles of Macroeconomics (3 credits) A traditional introduction to the principles of macroeconomics, concentrating on how aggregate levels of economic activity are determined. The course analyzes macroeconomic policies and economic issues such as problems of unemployment and inflation. Current issues are emphasized. Prerequisite: mathematics competency. FN341 - Corporate Finance (3 credits) The goal of corporate financial management is to maximize the wealth of the stockholders. Decisions regarding risk and return, the management of current assets and current liabilities, and capital budgeting are examined in view of this goal. Students are also introduced to the stock market and other financial institutions and systems. Prerequisites: C grade or higher in AC222 and either EC261 or EC262. MG219 - Principles of Management (3 credits) This first course in management stresses an understanding of the management functions as an integral part of the business organization. Attention is given to planning, leading, organizing, controlling and other aspects of the managerial process. Prerequisite: mathematics competency. MK217 - Principles of Marketing (3 credits) This beginning course in marketing develops an understanding of the marketing function and its central importance to the business organization. Attention is paid to a variety of marketing topics including products, channels and distribution, pricing, promotion, buyer behavior, and ethical issues in marketing. Prerequisite: mathematics competency. PH362 - Business Ethics (3 credits) The course examines critically the major ethical or moral theories that are at the basis of decision making in the complex area of contemporary behavior we know as ﾓthe business world.ﾔ It is recommended for business majors. B. Business Core Mathematics: one of the following: (Either M145, M148 and M149 or M151) M145 - Finite Mathematics (3 credits) This course provides an introduction to noncalculus mathematical modeling methods prevalent in business. Topics include: matrix methods, systems of linear equations and inequalities, linear programming by the geometric method and by the simplex method, and the mathematics of finance. Prerequisite: mathematics competency. M148 - Calculus with Precalculus I (4 credits) This course, followed by M149, provides a two-semester sequence that covers the material of a traditional Calculus I course along with built-in coverage of precalculus topics. Topics in M148 include: solving equations, functions, classes of functions (polynomial, rational, algebraic, exponential, logarithmic), right triangle trigonometry, angle measure, limits and continuity, derivatives, rules for derivatives. Credit is not granted for this course and M151 or courses equivalent to college algebra and college trigonometry. Prerequisite: mathematics competency satisfied. M149 - Calculus with Precalculus II (4 credits) This course completes the two-semester sequence that begins with M148, and together with M148 provides a two-semester sequence that covers the material of a traditional Calculus I course along with built-in coverage of precalculus topics. Topics in M149 include: trigonometric and inverse trigonometric functions, rules for derivatives, applications of derivatives, and definite and indefinite integrals. Credit is not granted for this course and M151. Prerequisite: M148. M151 - Calculus I (4 credits) This course provides an introduction to the differential and integral calculus. Topics include: the concepts of function, limit, continuity, derivative, definite and indefinite integrals, and an introduction to transcendental functions. Credit is not granted for this course and M148 and M149. Prerequisites: departmental placement or courses equivalent to college algebra and college trigonometry. C. All of the following: BU460-468 - Special Topics in International Business (3 credits) The topics for these courses vary according to the needs and interests of international business majors. Topics may include additional studies in international management or marketing, international finance, international accounting or special studies of particular areas in the world, such as the Pacific Rim or the Middle East. EC440 - International Trade, Finance and Monetary Issues (3 credits) An intermediate course examining the forces which determine the competitive conditions and trade patterns in the global economy. Representative topics are monetary issues, balance of payments, capital movements and capital markets. Prerequisites: BU285 and FN341 MG410 - International Management (3 credits) This course investigates business management in the international arena. Emphasis is placed on how managers in multinational organizations address such issues as strategic analysis, organizational structure, global coordination and control, communications, inter-organizational cooperation, and human resource management. Prerequisites: BU285 and C grade or higher in MG219. MK430 - International Marketing (3 credits) This course addresses the development of marketing strategies based on differing economic, legal, political, and sociocultural environments. Emphasis is placed on problems and practices of managing international marketing activities. Topics and challenges related to international marketing research, product and services; channels and distribution pricing and promotions are examined. Prerequisites: BU285 and MK217. D. Three additional credits approved by the department chair and department advisor; examples: foreign study, an internship, or a related course such as a 300+ level foreign language course. Business Elective Courses AC223 - Financial Accounting Principles (3 credits) This course is a study of analyzing and recording business transactions and preparing financial statement for proprietorships and partnerships. Topics include the accounting cycle and detailed examinations of balance sheet and income statement accounts. Prerequisite: AC222. AC320 - Federal Tax (3 credits) Recommended for all business majors, this course considers income tax concepts and income tax law as it applies to individuals and corporations. Prerequisites: AC222 and M145. AC321 - Intermediate Accounting I (3 credits) A comprehensive study of selected financial accounting topics, the course considers financial statements, short-term receivables and payables, inventories, plant assets, intangible assets, depreciation, current liabilities, contingencies and long-term liabilities. Similarities and differences between U.S. generally accepted accounting principles and international financial reporting standards are considered throughout the course. Prerequisites: AC223 and M145. AC322 - Intermediate Accounting II (3 credits) A continuation of AC321, this course involves a study of financial accounting in the areas of stockholdersﾒ equity, revenues, taxes, pensions, leases, statement of cash flows, financial statement analysis and full disclosure. Prerequisite: AC321 AC324 - Cost Accounting (3 credits) The systems of cost accounting are studied as they apply to both manufacturing and service organizations. Topics include job order and process cost systems, budgeting, and other selected accounting topics which are used in management decision-making. Prerequisites: AC222 and M145. AC325 - Accounting Information Systems (3 credits) Systems consist of methods and procedures established by management for accomplishing and documenting business tasks. This course covers the systems created and monitored by management in order to provide reasonable assurance that company operations are effective and efficient, financial reporting methods are reliable, and the company is complying with laws and regulations pertaining to it. Prerequisite: AC321 AC426 - Auditing (3 credits) This course is designed to provide the student with a basic understanding of audit theory and practice. Emphasis is placed on applying audit theories and procedures in the examination of an organizationﾒs financial statements by a certified public accountant. Prerequisites: AC322 and AC325. AC427 - Governmental and Not-For-Profit Accounting (3 credits) The course covers accounting and financial reporting issues of governmental agencies at the local and state levels, federal government agencies, and the federal government as a whole. Non-governmental, not-for-profit organizations which must demonstrate accountability for financial and operational performance to providers of their resources are also examined. Prerequisite: AC321 AC428 - Advanced Accounting (3 credits) The course includes a study of business combinations, a survey of international accounting, and partnership accounting. Prerequisite: AC322. AC460-469 - Special Topics in Accounting (1-3 credits) The topics for these courses vary according to the needs and interests of accounting majors. Topics may include corporate taxation, accounting theory, computer applications, and forensic accounting. AC496/497 - Internship: Accounting (1-17 credits) An opportunity for qualified juniors or seniors to participate in a field experience under the guidance and supervision of competent professionals. BU215 - Business Statistics (3 credits) Statistical techniques which are commonly used in all areas of business are studied. Topics include descriptive statistics, probability and probability distributions, hypothesis testing, regression, and non-parametric statistics. Emphasis is placed on the appropriate use of each procedure and on communicating the results of statistical techniques to others. Prerequisite: mathematics competency. Credit is not granted for this course and any of the following: B392, ST132 or ST232. BU351 - Information Systems for Business Intelligence (3 credits) This course focuses on the fundamentals of information systems and their foundational technologies as they can be used for business analysis and intelligence. Areas studied will include hardware, operating systems, database systems, knowledge management, decision support systems, and networked computing concepts. Data oriented techniques for business intelligence and decision making are introduced. Prerequisites: CS102 and BU215, C grade or higher in AC222 BU352 - Data Analysis and Business Modeling (3 credits) This is an applied course to develop the technical and analytical skills needed for exploitation of common databases used in business organizations. Students will learn advanced Excel and SPSS functions used in business analysis and analytics. Student will have the opportunity to create analytical models for business situations. Students will create a final report with decision recommendations based on the analysis. Prerequisites: CS102 and BU215, C grade or higher in AC222. BU354 - Data Mining for Decision Making (3 credits) This course provides both the theoretical and practical knowledge of data mining topics. Students will have the opportunity to work with a number of exercises to practice and understand the uses of data mining in business organizations. Students will complete a data mining project as part of the course requirements. Prerequisite: BU351 BU413 - Business Law II (3 credits) As a follow-up course to BU312, this course examines in detail the laws which impact businesses and commercial transactions. The course surveys topics including the transfer of negotiable instruments, the establishment of business organizations such as partnerships and corporations, debtor- creditor relations, the regulation of business and property concepts. Prerequisites: AC222 and BU312. BU420 - Business Analytics (3 credits) This course provides the foundation for the field of business analytics. Business analytics is the extensive use of data, quantitative and statistical analysis, predictive modeling, or other analytical techniques to help make data supported business decisions. In this course students will explore and use data warehouses/data marts and the uses of dashboards as performance indicators for business performance. Prerequisite: BU351 BU469 - Business Capstone Project (3 credits) The topics and projects for this course vary according to the needs and interests of business majors. Prerequisites: FN341 and senior status. BU496/497 - Internship: International Business (1-17 credits) An opportunity for qualified juniors or seniors to participate in a field experience under the guidance and supervision of competent professionals. EC460-469 - Special Topics in Economics and Finance (1-3 credits) The topics for these courses vary according to the needs and interests of students. Topics may include economic problems, trade imbalance, international economics, quantitative economics, international finance and more advanced investment topics. FN101 - Personal Finance (3 credits) This course provides the basics of personal financial management as an important life skill. Students will develop an understanding of personal finance through a series of activities, applications, and projects. Topics include checking and savings accounts, budgeting, use of credit, investing, insurance, and income taxes. Prerequisites: None. FN345 - Entrepreneurial Finance for Small Business (3 credits) This course examines the financial aspects of opening and operating a small business. Special attention is paid to financial analysis, budgeting, forecasting and capital budgeting. The course focuses on sole proprietorships, partnerships, and small private corporations. Prerequisites: CS102 and MG315. FN368 - Investments (3 credits) Students study the stock markets, bond markets, and commodity markets. The course emphasizes both personal investing and professional opportunities as investment counselors. Prerequisites: FN341 and M145. FN402 - Financial Markets and Institutions (3 credits) This course focuses on financial markets, money, instruments, and institutions. The emphasis is on the operations and functions of domestic and international markets and institutions. The course reviews the determinants and structure of interest rates and bond prices. Prerequisites: FN341 and FN368. FN404 - Portfolio Management (3 credits) This course focuses on the valuation and major investment instruments and strategies available in capital markets. The course considers how investors evaluate and form portfolios with instruments such as bonds, mutual funds, and stocks. The primary focus of this course is the theory and practice of combining securities to optimal portfolios. Prerequisites: FN341 and FN368. MG315 - Entrepreneurship (3 credits) This course examines management practices unique to the small business environment and also provides a first look and overview of entrepreneurship. Course work examines the importance of entrepreneurship to market economies; other topics include developing ideas for new business ventures, formation and financing of new business ventures, and managing growth through the early years of operation. In addition, students write a detailed business plan based upon an idea of their choosing. Prerequisites: C grade or higher in AC222, and M145, MG219, and MK217; consent of instructor for non-departmental majors. MG317 - Small Business Management (3 credits) This course examines the opening and operation of a small business. The course explores the dimensions and elements of small business management; concepts, methodologies, strategies, and structures. Upon completion of the course, the student is able to apply management, marketing, finance techniques to successfully manage a small business. During the semester, the student has the opportunity to work with a simulation, case studies, or a small business owner. Prerequisite: MG315. MG332 - Sport Management (3 credits) This course offers a foundation of sport management concepts, skills and techniques. The course also focuses on the area of leadership. Students develop their leadership, decision-making, organization, and management skills for their role in sport administration. Topics to be discussed include program development, leadership development, conflict resolution, facility management, fiscal management, liability and risk management, and public relations. Prerequisite: C grade or higher in MG219. MG334 - Sport Facilities and Event Management (3 credits) The course provides a strategic business perspective of sport and facility management. It includes the essentials of facility planning, design, and construction in addition to facility operations, systems, and maintenance. The course addresses financial and legal issues involved in managing a sport or entertainment facility. Prerequisites: AC222, MG219, and MK217. MG335 - Organizational Behavior (3 credits) This course aids student understanding of the individual, team, and organizational processes through direct application and analysis of organizational models and practices. Student learning focuses on the behavior of people at work: acting alone or in teams, in serving as managers or leaders and dealing with organizational processes. Prerequisites: MG219; consent of instructor for non-majors. MG336 - Human Resource Management (3 credits) The course centers upon utilizing and managing human resources by effective integration of personal goals and organizational goals. Topics include motivation, job attitudes, job performance, appraisal, recruitment, selection, training, and compensation (salary and fringe benefits). Prerequisites: M145 and C grade or higher in MG219. MG337 - Project Management (3 credits) This course examines the project management framework and introduces key terms used in project management. This course will explore the dimensions and elements of project management; concepts, methodologies, strategies, and structures. Upon completion of the course, the student is able to apply project management techniques to develop timelines, network diagrams, and critical path analysis. During the semester, the student has the opportunity to work on a project of his/her own where he/she is able to demonstrate understanding of the course objectives. Prerequisite: C grade or higher in MG219. MG409 - Production and Operations Management (3 credits) This course presents the quantitative or management science approach to management. Topics which may be included are quality control, forecasting, inventory management, resource allocation, work design, scheduling, project management and control, and facility design and location. Current techniques and tools are examined and used. Prerequisites: C grade or higher in AC222, M145 and MG219. MG460-468 - Special Topics in Management (1-3 credits) The topics for these courses vary according to the needs and interests of students. Topics may include personal productivity, corporate infrastructure, and advanced topics in human resource management. MG465 - Seminar: Advanced Entrepreneurship (3 credits) This final course in the entrepreneurship major is designed to develop studentsﾒ expertise in small business entrepreneurship through a combination of cases, articles, assignments and classroom discussion and debate. Prerequisite: MG315. MG466-474 - Special Topics in Management (1-3 credits) The topics for these courses vary according to the needs and interests of students. Topics may include personal productivity, corporate infrastructure, and advanced topics in human resource management. MG496/497 - Internship: Management (1-17 credits) An opportunity for qualified juniors or seniors to participate in a field experience under the guidance and supervision of competent professionals. MK217 - Principles of Marketing (3 credits) This beginning course in marketing develops an understanding of the marketing function and its central importance to the business organization. Attention is paid to a variety of marketing topics including products, channels and distribution, pricing, promotion, buyer behavior, and ethical issues in marketing. Prerequisite: mathematics competency. MK333 - Sport Marketing (3 credits) The course provides a strategic business perspective of sport and entertainment marketing. It includes the essentials of sport marketing including research, segmentation, product development, pricing, licensing, sponsorship, and communication channels such as advertising, sales promotion, and publicity. Prerequisite: C grade or higher in MK217. MK360 - Consumer Behavior (3 credits) The contributions of the social and behavioral sciences in understanding, evaluating, researching, and predicting the behavior of the consumer are presented. Application of consumer behavior theories and techniques to business and marketing situations are explored and discussed. Prerequisite: C grade or higher in MK217. MK371 - Professional Selling and Sales Management (3 credits) The selling component of this course involves learning selling concepts and the communications skills needed to apply them. Topics include prospecting, approaching the customer, determining customer wants and needs, making the sales presentation, overcoming objections, and closing the sale. The management component of the course involves recruiting and hiring, training, determining sales territories, sales forecasting, compensation schemes motivation, and management of sales force. Prerequisite: C grade or higher in MK217. MK372 - Advertising and Promotions (3 credits) This course examines the role of advertising and promotions in influencing target markets. Topics include planning an integrated marketing communication campaign, media planning and selection, creative concept development, measuring advertising effectiveness, determining advertising budgets, and uses of promotional tools to meet objectives. Prerequisite: C grade or higher in MK217. MK411 - Marketing Research (3 credits) This course is designed to provide an understanding of marketing research theory and practice. The aim is to present market research as a managerial tool with a decision-making orientation. The principles of marketing research are presented in a pragmatic ﾓhow-to-do-itﾔ fashion. Learning is augmented by work on marketing research projects for businesses or other organizations whenever possible. Prerequisites: BU215, M145 and C grade or higher in MK217. MK434 - Marketing Management (3 credits) This course integrates the major marketing concepts and is the capstone marketing course. Emphasis is on the studentﾒs ability to identify and analyze marketing problems, analyze marketing data, develop solutions, and recommend a course of action. A simulation is used to present marketing problems and situations requiring students to apply principles and concepts to real-world problems. Prerequisites: FN341, M145 and C grade or higher in MK217. MK460-469 - Special Topics in Marketing (3 credits) The topics for these courses vary according to the needs and interests of marketing majors. Topics may include product planning and new product development, business to business marketing, social media, internet marketing, marketing geographics, database marketing, and direct marketing. MK496/497 - Internship: Marketing (1-17 credits) An opportunity for qualified juniors or seniors to participate in a field experience under the guidance and supervision of competent professionals.