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   Economics - Business Administration
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economics and business at albright

Assistant Professor Wilder, Chair
Professors Martin, Moyer and Saboori
Assistant Professors Bell and White
Professor Emeritus Schwartz
Instructor Schott


Business Administration (B.S.)

 

Students selecting this concentration are required to complete ECO 105 (social science) and ECO 207 (quantitative reasoning) as part of the general studies requirement. They also must complete a core requirement of nine courses: ACC 101; BUS 210, 345, 346, 347, 366, 380, 460; and one additional economics course above the 100-level. In addition, students must complete four courses in one of the following tracks: economics, finance, international business, management, or marketing.

Note: Students who are not economics, business or combined concentrators, may take ECO 105, 201, 223 or 224 to satisfy one of the general studies social science requirements. Students who take ECO 201, 223 or 224 and later change their concentration to economics or business (or combined) will also have to take ECO 105.

Track Courses:

 

Economics: ECO 335, ECO 336, ECO 492, and one 300-level economics course.

Finance: BUS 355, BUS 350, ECO 313, plus one course selected from ACC 201, ECO 301, ECO 307 or ECO 336. Note: Students interested in careers involving serious financial statement analysis are strongly encouraged to take a combined concentration in Business Administration: Finance and Accounting.

International Business: BUS 368, BUS 374, BUS 498, and ECO 301.

Management: BUS 365, BUS 368, BUS 382, and BUS 496.

Marketing: BUS 370, BUS 372, BUS 374 or ENG 317, and BUS 497.

Combined concentration. Students combining business administration with another area (other than economics) will be required to complete ACC 101, BUS 345, BUS 346, BUS 347, BUS 366, BUS 210 or BUS 368, BUS 380, and BUS 460. In addition, general studies courses ECO 105 (social science) and ECO 207 (quantitative reasoning) must be taken. Combined concentrators will receive a track designation if the four required upper-level courses are completed. Students considering combining business administration with economics should consult the department chair for the required courses.

Elementary teacher certification. Concentrators pursuing certification in elementary teacher education complete the combined concentration requirements and the specific courses required by the Education department.

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Business Administration (B.S.) Courses

BUS
210

Production Management
An introduction to concepts, principles, and practices of effective creation and distribution of goods and services. The focus of the course is on quantitative techniques for problems solving and decision making in a variety of strategic and tactical areas of operations management, including total quality management, forecasting, product design, process design and capacity planning, location planning, supply chain management, inventory control, and project management.

BUS
250
Business Law I
Basic legal procedures covering contracts, agency, and warranties. Cases and actual legal transactions are studied.
BUS
251
Business Law II
Basic legal procedures covering wills and estates, property law, and partnerships and corporations. Cases and actual legal transactions are studied.
BUS
345

Financial Management (W)
An introduction to the concepts and techniques of financial management including elementary security valuation, time value of money, risk analysis, capital budgeting, capital structure and cost of capital, financial planning and forecasting, and financial statement analysis.

Prerequisites: ACC 101, ECO 105, ECO 207 or permission of instructor.

BUS
346
Management Principles (W)
This course introduces the dynamics of managing organizations. As a manager you will need expertise in strategy, motivation, communication, leadership and evaluation. The management principles covered in this course will provide the framework through which these skills can be developed. Not open to first year students.
BUS
347

Marketing Management (W)
An overview of marketing management with emphasis on the management of functional areas of marketing, including product development, pricing, promotion, and distribution channels. These topics are considered in the context of developing an effective marketing program within the framework of the social, economic, and political/legal environments.

Prerequisites: ECO 105 and BUS 346 or permission of instructor.

BUS 350

Investments (W)
Security analysis, advanced valuation theory, and portfolio construction and management.

Prerequisite: BUS 345 and either BUS 366 or SPI 260.

BUS
355

Intermediate Financial Management
Advanced topics in working capital management, capital budgeting, and capital structure. Applications of financial management principles to practical business situations; emphasis on case studies.

Prerequisite: BUS 345 and BUS 366 or SPI 260.

BUS 365

Small Business Management (W)
This course will introduce you to the challenges and rewards of starting and operating a small business. It will help you understand what is required of a small business owner in terms of financial, managerial, and emotional resources. You will be required to develop a business plan by using computerized simulation software and to interview owners of businesses that interest you.

Prerequisites: BUS 346.

BUS
366

Management of Information
You will learn to apply popular spreadsheet and database software to business case situations. The how and why of managing computer-based information systems are covered in this course and the legal and ethical implications of information gathering and dissemination are discussed.

Prerequisites: ACC 101, BUS 346, or permission of instructor.

BUS
368

International Management
The study of management from an international perspective. Focus on management challenges associated with developing strategies and managing the operations of companies whose activities stretch across national boundaries with special emphasis on the transnational approach.

Prerequisite: BUS 346.

BUS
370

Marketing Strategies and Policies
This course focuses on in-depth, integrative application of marketing management principles that successful firms use to create a strategic advantage. The case method as a learning tool will be used in class to enhance the student’s ability to dissect problems, offer a variety of creative solutions and ultimately make a justifiable decision. Students also apply their holistic knowledge of strategic marketing concepts by developing and presenting a marketing plan.

Prerequisites: BUS 346, BUS 347, and BUS 372.

BUS
372

Marketing Research
The theory and application of research methodology in marketing. Emphasis on the role of marketing information in business decision-making. Topics include cost and value of information, research design, information gathering and analysis, and research problems.

Prerequisites: BUS 347 and ECO 207.

BUS
374

International Marketing
Explores those aspects of marketing unique to international business. The differences in marketing from country to country are less conceptual than environmental; thus, consistent focus is on the environment and on the modifications of marketing thought and practices occasioned by environmental differences.

Prerequisite: BUS 347.

BUS 380

Business, Government and Society
Students examine the interaction between Business and the larger legal and social framework in which it operates. Issues, such as corporate social responsibility and business ethics, are discussed. Actual corporate case studies are analyzed.

Prerequisites: BUS 346, BUS 347, and junior or senior status.

BUS 382 Internship
A practical, professional work experience in which the student participates in the daily operations of an organization. Active participation and a significant level of responsibility are expected. Written assessments, determined by departmental policy, are required.
BUS 460

Seminar in Strategies and Policies (W)
The cornerstone of this course in an Internet business simulation that requires you to participate in top management decisions in a competitive environment. Your team’s performance will depend upon its ability to function well and react in an ever-changing business climate. Background material on formulation, corporate strategy, and the implementation and evaluation of top management decisions will guide you through the simulation.

Prerequisite: BUS 346. Senior status or permission of the instructor.

BUS
496

Senior Management Seminar (W)
An intensive research course resulting in the submission of a senior paper. In addition, various topics in management are discussed in a seminar setting.

Prerequisite: Senior status or permission of the instructor.

BUS
497

Senior Marketing Seminar (W)
An intensive research course resulting in submission of a senior paper. In addition, various topics in marketing are discussed in a seminar setting.

Prerequisite: Senior status or permission of the instructor.

BUS
498

Senior Seminar in International Business (W)
Advanced topics in international business selected from leading periodicals and journals with emphasis on case analysis. In addition, submission of a senior thesis is a course requirement.

Prerequisite: Senior status or permission of the instructor.

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