Block I Courses

AC 521. FUNDAMENTALS OF ACCOUNTING  3 cr.  Designed to provide an understanding of the purpose and use of accounting information through the study of generally accepted accounting principles and concepts as applied to financial statements. Includes measurement of assets, debt, and equities; determination of income; preparation of statement of cash flows.

EC 521. FUNDAMENTALS OF ECONOMICS  3 cr.  Concentrated study of both the economics of the firm (microeconomics) and aggregate economic phenomena (macroeconomics). Microeconomic topics cover the behavior of producing units, supply and demand, determination of pricing and output, resource allocation and distribution.  Macroeconomic topics are national income accounting and theory, consumption, investment, fiscal and monetary policy.

EC 522. BUSINESS STATISTICS  3 cr.  One‑semester course designed to introduce the concepts of statistics, including descriptive statistics, probability, statistical inference, hypothesis testing, correlation, and regression.

FN 521. FUNDAMENTALS OF FINANCE  3 cr.  Prerequisites: AC 521, and EC 521, 522. The concepts of financial planning, analysis, forecasting, and control.  Emphasis is on financial decision making from the perspective of the business firm.  Topics include time value of money, ratio analysis, mergers, capital budgeting, risk, cost of capital, valuation, dividend policy, financial structure, and related financial topics.

MK 521. PRINCIPLES OF MARKETING  3 cr.  Study of the various phases of marketing on which sound marketing programs are based.  Product planning, distribution policies, promotional policies, and pricing.  Marketing planning and control.  Related marketing problems of concern to business management.

MN 522. MANAGEMENT INFORMATION SYSTEMS  3 cr.  Introduction to the concepts of management information systems, decision support systems, and systems development with special emphasis on the role of information systems in organizations.

MN 531. ORGANIZATIONAL BEHAVIOR  3 cr.  Intensive survey of selected theoretical and empirical studies from the behavioral sciences relevant to the structure and processes of organization. Consideration of formal and informal organizations, the individual, group dynamics, communication, leadership, motivation, and organizational design, development, and change.

MN 532. PRODUCTION/OPERATIONS MANAGEMENT  3 cr.  Prerequisite: EC 522. Planning, organizing, and controlling the process of transforming raw materials into finished products.  Applications of qualitative and quantitative methods and evaluation techniques to such areas as plant layout, job and process design, forecasting, production planning, quality control, capacity planning, scheduling, inventory management, materials requirement planning.

Block II Courses

AC 551. MANAGERIAL ACCOUNTING  3 cr.  Prerequisite: AC 521 or equivalent. Emphasizes the role of accounting information for decision making with an emphasis on planning and control.  Topics include modern management techniques, activity‑based costing, just‑in‑time production systems, product costing, cost behavior, operations budgeting, capital budgeting, and responsibility accounting.

EC 551. MANAGERIAL ECONOMICS  3 cr.  Prerequisite: EC 521 or equivalent, and EC 522 or equivalent. Application of the analytical constructs of economic theory to practical problems faced by a firm and its representatives.  Topics include demand analysis, production and cost analysis, market and pricing analysis, capital budgeting, and government policy.