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aCademiC Catalog 2013-2014 - Lorenzo de Medici

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International Business<br />

Introduction to Business<br />

BUS 130 F<br />

Cr: 3; Contact hrs: 45<br />

This course will introduce you to the world of business and help<br />

prepare you for the economic roles of consumers, workers and<br />

citizens. This course will also serve as a background for other<br />

business courses you may take in college. Stu<strong>de</strong>nts will be<br />

introduced to each of the functional area of business, including<br />

marketing, finance, HRM, and business intelligence. The course<br />

is <strong>de</strong>signed to help stu<strong>de</strong>nts appreciate the interrelationship of<br />

these business functions and more generally, the role and the<br />

context of business in society.<br />

Introduction to Marketing<br />

BUS 150 F<br />

Cr: 3; Contact hrs: 45<br />

Marketing is a dynamic and an exciting field, a key tool in<br />

confronting the challenges that enterprises are facing every<br />

day. The purpose of this course is to introduce marketing<br />

principles and concepts. In this course stu<strong>de</strong>nts will learn about<br />

the “real” nature and scope of marketing management . They<br />

will be introduced to aspects of marketing, such as: Marketing<br />

Strategy, 4 P’s, Market Planning, Retailing and Wholesaling,<br />

Target Marketing, Market Segmentation, Services Marketing.<br />

You will also learn about the strategic importance of marketing<br />

to an enterprise, whether it be a profit oriented business firm<br />

or non-profit organization.<br />

of operating in an international market. These benefits inclu<strong>de</strong>s<br />

sourcing materials, capital, labor and expertise, relocating<br />

manufacturing, and distributing product and services to new<br />

markets. While there are many benefits, each company must<br />

i<strong>de</strong>ntify the potentially huge risks taken when operating<br />

overseas and the uninformed company may suffer tremendous<br />

set backs before realizing any benefits. This course is an<br />

introduction to the complexities and implications of foreign<br />

markets. Emphasis is on the various economic, social and<br />

cultural factors that impact on international marketing, the 4<br />

Ps (product, price, places of distribution and promotion) and<br />

how these aspects of marketing are influenced by international<br />

business environment.<br />

Prerequisites: BUS 150 Introduction to Marketing, or equivalent<br />

Event Planning<br />

BUS 232 F; Dual listed: COM 232 F<br />

Cr: 3; Contact hrs: 45<br />

This course introduces stu<strong>de</strong>nts to special event planning<br />

processes and techniques. Emphasis is on creating, organizing,<br />

i<strong>de</strong>ntifying sponsors for, marketing and implementing largescale<br />

community events, as well as show rooms and tra<strong>de</strong><br />

shows to photoshoots and fashion shows. We will explore this<br />

very <strong>de</strong>tail-oriented field as it <strong>de</strong>als with vendors, contracts,<br />

fundraising, budgeting, ethics, and other aspects. Stu<strong>de</strong>nts<br />

will research product, competition and target market to<br />

<strong>de</strong>termine best possible exposure and success. As part of the<br />

course stu<strong>de</strong>nts may organize a real event in interdisciplinary<br />

collaboration with other <strong>de</strong>partments (Graphic Design, Jewelry<br />

Design, Photography and/or Interior Design).<br />

School of Arts & Sciences FLORENCE<br />

Principles of Microeconomics<br />

BUS 178 F<br />

Cr: 3; Contact hrs: 45<br />

Economic analysis is one of the most useful tools for<br />

un<strong>de</strong>rstanding social phenomena. Principles of Microeconomics<br />

introduces stu<strong>de</strong>nts to the bases of economic ways of thinking.<br />

Economic theory is explained through the study of the<br />

methods of analysis, assumptions and theories about how firms<br />

and individuals behave and how markets work. The course is<br />

a necessary basis for stu<strong>de</strong>nts wishing to continue the study<br />

of economics and business in their aca<strong>de</strong>mic careers and is<br />

also useful for stu<strong>de</strong>nts in applied social sciences. The course<br />

is divi<strong>de</strong>d in four parts: the first is an introduction to languages,<br />

methods, and mo<strong>de</strong>ling used in microeconomics; the second<br />

part focuses on the firm production process and market<br />

strategy; the third analyses consumer theory and the way in<br />

which individual behavior is mo<strong>de</strong>led by economists; and the<br />

concluding part of the course studies how the competitive<br />

and non competitive market works. The teaching inclu<strong>de</strong>s the<br />

extensive use of case studies and policy issues which will be<br />

open to discussion with stu<strong>de</strong>nts.<br />

Principles of Macroeconomics<br />

BUS 180 F<br />

Cr: 3; Contact hrs: 45<br />

Economics is the study of choice un<strong>de</strong>r conditions of scarcity:<br />

the resources nee<strong>de</strong>d to produce goods and services are<br />

limited compared to human <strong>de</strong>sires. Economics is divi<strong>de</strong>d<br />

into two major areas. Microeconomics studies the choices of<br />

consumers, firms, and governments, and <strong>de</strong>scribes the working<br />

of markets. Macroeconomics studies the behavior of the entire<br />

economy. It explains phenomena like growth, business cycle,<br />

inflation and unemployment. This course is an introduction to<br />

economics. The basic principles of economics will be presented<br />

and applied in or<strong>de</strong>r to explain some features of the mo<strong>de</strong>rn<br />

economy.<br />

Prerequisites: BUS 178 Principles of Microeconomics, or<br />

equivalent<br />

Introduction to International Marketing<br />

BUS 220 F<br />

Cr: 3; Contact hrs: 45<br />

International competition makes international marketing<br />

one of the most critical skills for business survival. In their<br />

continuing quest for new ways to establish and maintain their<br />

competitiveness, many firms are recognizing the advantages<br />

Wine Business and Marketing<br />

BUS 252 F; Dual listed: NUH 252 F<br />

Cr: 3; Contact hrs: 45<br />

This course explores the business and marketing of wine, with<br />

special focus on U.S. markets. Wine tra<strong>de</strong> and consumption in<br />

the US have constantly increased in recent years. If until the<br />

early 1990’s wine consumption was concentrated in a few<br />

major states, today wine is consumed by a large part of the<br />

entire US population. Italian wine, counting for 30% of U.S. wine<br />

imports, is a major part of this economic and cultural scenario.<br />

In addition, new wine markets have emerged worldwi<strong>de</strong>. This<br />

growing interest has strengthened the role of traditional key<br />

players of the wine tra<strong>de</strong> such as importers, distributors,<br />

wholesalers, retailers, while helping to create new professional<br />

figures such as wine writers, wine club managers, and event<br />

promoters. In this course stu<strong>de</strong>nts learn skills that help equip<br />

them to take on such roles. Given the notable diversity and<br />

quality of Italian wines, stu<strong>de</strong>nts examine issues of sourcing,<br />

shipment chains and trading channels, and market impact. The<br />

course inclu<strong>de</strong>s business simulations, and stu<strong>de</strong>nts produce a<br />

start-up or marketing project.<br />

Prerequisites: BUS 130 Introduction to Business, or equivalent<br />

Human Resources Management<br />

BUS 260 F<br />

Cr: 3; Contact hrs: 45<br />

The course explores the Human Resource Management<br />

function in a corporate setting and focuses on the <strong>de</strong>velopment<br />

of knowledge and skills that all managers and lea<strong>de</strong>rs need.<br />

Stu<strong>de</strong>nts learn the basic principles of <strong>de</strong>signing and operating<br />

business organizations, from <strong>de</strong>veloping their mission, vision<br />

and strategy to their key organizational features and processes.<br />

Stu<strong>de</strong>nts face issues of managing people in organizations,<br />

including hierarchy, lea<strong>de</strong>rship, and communication; systems<br />

of reward and recognition; and personnel (from recruitment<br />

to training and <strong>de</strong>velopment). Some attention is given to the<br />

expanding role of corporations in <strong>de</strong>aling with social problems<br />

and issues. The course trains stu<strong>de</strong>nts to build skills relevant<br />

to lea<strong>de</strong>rship and management. These inclu<strong>de</strong> public speaking<br />

and presenting, conflict resolution, teamworking, and business<br />

project management. Class content is <strong>de</strong>livered through<br />

lectures, group discussions, practical and experiential exercises,<br />

and case studies.<br />

Integrated Marketing Communication<br />

BUS 262 F; Dual listed: COM 262 F<br />

Cr: 3; Contact hrs: 45<br />

LdM Aca<strong>de</strong>mic <strong>Catalog</strong> <strong>2013</strong>-<strong>2014</strong><br />

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