MCBOI_2011-2012

Course
Descriptions
MG-101
Principles of Management and Organization (3 units)
This course presents the basics of an operational theory and science of
management. Emphasis is placed on the application of management science
and theory given today’s changing environment. Discussion is focused on the
study of the management functions and organizational behavior. The concept
of business social responsibility is also explained and discussed. Students are
required to do oral and written analyses of cases.
MG-102
Marketing Management (3 units)
This course provides a working knowledge of the various elements of
marketing-consumer behavior, competition, product management, pricing,
channels of distribution, advertising, marketing research and develops
the ability to synthesize these elements into marketing strategies based
on a thorough grasp of the business environment. Social responsibility in
marketing management is discussed. Students are introduced to the case
method in this course.
MG-105
Prerequisite:
Production and Operations Management (3 units)
M-108 (Quantitative Techniques in Business/Operations Research)
This course provides an adequate background on the fundamentals of
production planning and control, method analysis, work measurement,
inventory control, plant lay-out and materials handling. It includes the
practical applications of the tools and techniques of production and nonmanufacturing
and service functions.
BL-102
Law on Obligations and Contracts (3 units)
This course gives the student an understanding of the legal concepts and
rules governing the law of obligations and contracts and application of these
concepts to practical problems. It involves a discussion of the nature, sources,
kinds, and extinguishments of contracts including defective contracts and
other miscellaneous topics relevant to the course.
BL-103
Prerequisite:
Law on Business Organizations (3 units)
BL-102 (Law on Obligations and Contracts)
This course deals with the laws governing the formation of partnerships and
corporations. It includes a discussion on the various types of partnerships
and corporations, profit sharing among partners, dissolution and liquidation
of a partnership, classes of powers and obligations of shareholders, rights and
liabilities of directors, trustees and officers of a corporation. The course also
includes a discussion on the law of associations such as clubs.
BL-104
Prerequisite:
Law on Negotiable Instruments (3 units)
BL-102 (Law on Obligations and Contracts)
This course deals with the provisions of the law on negotiable instruments.
It includes discussions on functions and kinds of negotiable instruments;
construction of ambiguous instrument; forgery and its effect; consideration;
accommodation party; manner and consequence of transfer of instruments;
striking out endorsements; requisites of holder in due course; defense of
the parties; discharge of negotiable instruments and the parties secondarily
liable; liabilities of the parties; discharge; effects of alteration; and other kinds
of instruments such as promissory notes and bills of exchange.
BL-105
Prerequisite:
Sales, Agency, Labor and
Other Commercial Laws (3 units)
BL-102 (Law on Obligations and Contracts)
This course deals with the law on sales covering contracts
for the sale of goods, employment contracts and pertinent
provisions of the Labor Code and the law on credit
transactions, relevant laws on commerce and trade, such
as labor and employment laws that govern the rights of
employers and employees in the workplace are also covered.
It also gives an overview of the following relevant commercial
laws: Omnibus Investment Code, Foreign Investments Act,
and Retail Trade Liberalization Law.
TAX-102
Income Taxation (3 units)
Prerequisites: BSA-135 (Financial Accounting & Reporting 2 & 3)
This introductory taxation course is primarily concerned
with income taxation. The objective is to develop a working
knowledge of the basic principles and rules of the income
tax system as these apply to individuals, partnerships
and corporations. It covers an overview of the national
tax system, and the income taxation of employees,
unincorporated and incorporated businesses. It provides
the students with knowledge of the capital gains tax,
final tax on certain passive income, and the year-end tax,
including the minimum corporate income tax, the normal tax,
and the improperly accumulated profits tax of corporations
and withholding taxes. Tax forms are provided for specific
topics discussed.
TAX-103
Prerequisite:
Business and Transfer Taxes (3 units)
TAX-102 (Income Taxation)
This course is an intensive study of the business and transfer
tax system, including the estate tax, the gift tax, and transfer
tax. The relationship between these three donatives transfer
taxes, and between the transfer taxes and the income tax, are
emphasized. The policy underpinnings of wealth transfer
taxation, and the reasons for the recent erosion in its political
support, will be explored. The Expanded Value Added tax
and percentage taxes also discussed.
ECO-100.1 Introduction to Business
Economics with LRT (3 units)
This course seeks to provide students with a thorough
understanding of the workings of the economy. It also
aims to give an appreciation of basic economic concepts
that are covered in Microeconomics, Macroeconomics,
and International Economics essential to both business
and non‐business majors. Topics include, among others,
household behavior and consumer choice, firm theory,
income distribution and poverty, and globalization and
international trade.
ECO-101
Prerequisite:
Macroeconomics (3 units)
ECO-100.1 (Introduction to Business
Economics with LRT)
This course is concerned with the behavior of the economy
as a whole. Macroeconomics addresses the determination
of the economy’s total output of goods and services
(GDP), the growth of output, the determinants of the price
level and the rate of inflation, the factors that determine
employment (and unemployment), the balance of payments,
and exchange rates. Major topics discussed are the national
economic issues and measure of performance, aggregate
expenditure decisions, unemployment and inflation
and the global environment (i.e., international trade,
role of transnational corporations in the world economy,
protectionism, foreign exchange controls, NAFTA, AFTA,
GATT, WTO).
ECO-103
Prerequisite:
Microeconomics (3 units)
ECO-100.1 (Introduction to Business
Economics with LRT)
This course introduces the student to the three pillars of
economic analysis (choice, scarcity, and coordination) and
the mathematical techniques that economists use to represent
these ideas (optimization, equilibrium, and adding-up
constraints). Most of the course is devoted to “price theory”,
elasticity, price regulation and consumer choice, which is the
analysis of the role that prices play in facilitating coordination
in a market economy. The last part of the course deals with
situations where coordination through prices may not result
in desirable outcomes. This includes market structures:
competition and monopoly, and monopolistic competition
and oligopoly.
BSA-101
Fundamentals of Accounting 1 (6 units)
This course provides an introduction to accounting, within
the context of business and business decisions. Students
obtained basic understanding of the principles and concepts
of accounting as well as their applicability and relevance
in the national context and learn how to use various types
of accounting information found in financial statements
and annual reports. This course starts with an introduction
to accounting: definition, functions, scope and objectives,
differences among the different branches of accounting,
classical notion of stewardship, double-entry bookkeeping
accounting systems and the chart of accounts. The next topic
is the accounting cycle-recoding, handling, and summarizing
accounting data, including the preparation and presentation
of financial statements for merchandising and service
companies. Emphasis is placed on understanding the reasons
underlying basic accounting concepts and providing students
with an adequate background on the recording, classification
and summarizing functions of accounting to enable them to
appreciate the uses of accounting data.
160 | Miriam College Bulletin of Information
www.mc.edu.ph | 161