ECONOMICS AND BUSINESS Professors CarilliS, DempsterF, Isaacs, Thornton, Townsend; Assistant Professors Carson, Khurana, Lea; Visiting Assistant Professor Levkoff Chair: Justin P. Isaacs (fall)/Gregory M. Dempster (spring) Students may choose from one of three majors: Economics, Economics and Business, and Mathematical Economics. The requirements for all students majoring in Economics or Economics and Business are 30 hours in the Economics and Business Department, to include Economics 101, 103, 301, and 303, and, in addition, Mathematics 121 (or a higher level Statistics course) and 140 (or a higher level Calculus course). Students are expected to take the two required Mathematics courses prior to the junior year and to complete Economics 301 and 303 during the junior year. Beyond these specific courses, the Economics major requires the student to take Economics 401 and 402, and the Economics and Business major requires Business 222, 231, 233, 241, 421, and 422. The Mathematical Economics major requires 21 hours in Economics to include Economics 101, 103, 301, 303, 306, 308, and 402, and, in addition, Mathematics 121, 141, 142, 231, and 242, and Computer Science 261. No more than six hours of courses at the 100-level in the Economics and Business Department may be applied toward any degree in the department. No more than three hours of Business courses (courses labeled BUSN) may be applied to the Economics major. The Mathematical Economics major was created jointly by the Departments of Economics and Business and Mathematics and Computer Science. This joint participation from a department in the Social Sciences Division and a department in the Natural Sciences and Mathematics Division gives majors in Mathematical Economics the option of electing either a Bachelor of Arts or a Bachelor of Science degree at graduation. Interdisciplinary majors within the social sciences may be developed and pursued with the approval of the departments concerned.
BUSINESS BUSINESS 222. (3) NATURE, MANAGEMENT, AND ENVIRONMENT OF BUSINESS. An introductory survey of the organization and management of the business enterprise, with an emphasis on the functional areas. Prerequisites: Economics 101 and sophomore standing. Offered: each semester. BUSINESS 223. (3) ENTREPRENEURIAL THINKING. This course is about learning to think and act entrepreneurially in order to create value through new products, new solutions, new firms, new business units, new distribution channels, new business models, new technologies, and business transformation. The emphasis is on the art and science of â€œcreating something new from little.â€? The orientation in the course is to challenge students to think about how they can create, finance, and build or change a productive business organization with commonly available resources (e.g., intelligence, insight, energy, initiative, and personal relationships). Students learn to use this orientation wherever new venture creation may occur, namely, through the actions of an independent entrepreneur or in a large, established firm. Prerequisite: Economics 101 or permission of the instructor. BUSINESS 231. (3) FINANCIAL ACCOUNTING AND ANALYSIS. A comprehensive introduction to the fundamental principles and procedures of financial accounting. Emphasis is placed on the description, derivation, and interpretation of the primary financial statements. Prerequisite: Economics 101. Offered: each semester. BUSINESS 233. (3) MANAGERIAL ACCOUNTING AND ANALYSIS. Study of the sources, organization, and uses of data generated by double-entry accounting. Emphasis is placed on managerial accounting techniques. Prerequisite: Business 231. Offered: each semester.