2013-2014 Catalog - Virginia Wesleyan College

74 BUSINESSBUSINESS75BUSINESS COURSES (MBE)100 Introduction to Economics (4)Provides students with a solid foundation ineconomic literacy and reasoning. Topics includescarcity, incentives, and choice; resource allocation;exchange, competition, and markets; economicefficiency; investment, production, and income;money, interest rates, and GDP; business cycles andgovernmental policies. Emphasizes active learningand current economic issues and problems. Offeredeach semester.101 Introduction to Business (4)A general survey course designed for students whodesire information about commercial activities tobuild a foundation for more advanced courses, todecide on a major, or to complement a major. Offeredeach semester.106 Economics and the Environment (4) SIntroduces students to the workings of a marketeconomy in order to examine the economic forcesthat lead to environmental problems. Examines theharnessing of economic forces to both prevent andsolve environmental problems in the context ofcurrent regulatory approaches to dealing withenvironmental issues. Includes field trips todemonstrate real-world application of courseconcepts. Offered in selected Winter Sessions.112 Problem Solving andDecision Making (2)Designed to provide the basic skills ofmanagement and to improve thinking skills regardlessof a student’s major. Examines various methods ofproblem solving and decision making, progressingfrom simple decisions under certainty to complexdecisions under uncertainty. Both quantitative andcreative methods are used. No prerequisites, butstudents should have elementary algebra skills andEnglish skills beyond the 105 level. Offered eachsemester.201 Introductory Macroeconomics (4)A study of contemporary economic systems andthe analysis necessary to achieve the “economic way ofthinking.” Prerequisites: elementary algebra skills(MATH 105 or placement level H, A, B) andsophomore status or above. Offered each fall.202 Introductory Microeconomics (4)The second semester of this two-part courseenables students to understand and apply the tools ofmicro-economic analysis to contemporary profit ornon-profit organizations. Prerequisite: MBE 201.Offered each spring.203 Accounting I (4)A study of the basic principles and systems ofaccounts that underlie financial reporting. Heavyemphasis is placed on actual bookkeeping to relateconcepts. Requires math competency in basicaddition, subtraction, multiplication, division,percentages, and ratios. Offered each fall.204 Accounting II (4)The second semester of this two-part coursecovers the collection of accounting data to preparefinancial reports for management use in planning andcontrolling. Prerequisite: MBE 203. Offered eachspring.216 Taxation (4)A study of the tax environment and the codes,regulations, and court decisions as they relate toincome tax problems of individuals, including taxpreparation and tax research. Prerequisite: sophomorestatus or above. Offered each fall.246 Personal Financial Planning (4)Introduces the principles of individual financialplanning. Topics include goal setting and decisionmaking, career planning, saving and investing, credit,and insurance. Prerequisites: MATH 104/105 orequivalent and sophomore/junior/senior status.Offered in selected Winter Sessions.301 Principles of Management (4) WA study of the art and science of management inrelation to the functions of planning, organizing,directing, and controlling. Students learn throughboth in-class and out-of-class group experiences, withsubstantial writing about such experiences.Prerequisites: ENG 105 with a grade of C or higher,MBE 201 and 203, and junior status. Offered eachsemester.303 Financial Accounting Theory I (4)A study of the theory and application of generallyaccepted accounting principles. Emphasizes financialstatement presentation, current assets and liabilities,intangible assets, and operational assets. Prerequisites:MBE 203 and 204. Offered fall of odd-numberedyears.304 Financial Accounting Theory II (4)A continuation of MBE 303. Emphasizescorporate equity accounts, long-term investments andliabilities, cash flows, pension costs, current valueaccounting, and foreign currency transactions.Prerequisites: MBE 203, 204, and 303. Offeredspring of even-numbered years.305 International Accounting Theory (4)A study of accounting for firms engaged ininternational commerce: translation of foreigncurrency financial statements, and for branches,subsidiaries, mergers, acquisitions, and divestitures ofmultinational corporations. Prerequisites: MBE 203and 204. Offered spring of odd-numbered years.306 Business Law (4)A study of contract law and the UniformCommercial Code. Prerequisites: MBE 101 or 201and junior/senior status. Offered spring of evennumberedyears.308 Comparative Economic Systems (4)An in-depth, integrated study of the developmentand functioning of the American economic systemcompared with those of other countries. Prerequisite:MBE 100 or 201. Offered intermittently.310 Money, Banking, andFinancial Institutions (4)The basics of monetary policy in terms of publicpolicy. Includes the study of the Federal ReserveSystem, commercial bank lending, investments,money, and capital markets. Prerequisites: MBE 201and 202. Offered each fall.315 Managing Diversity in Organizations (4)Promotes an awareness of cultural differences andpositive attitudes toward these differences. Includestopics related to effective management of people whovary in race, gender, age, disability status, nationality,or sexual orientation. Prerequisite: ENG 105 with agrade of C or higher. Offered fall of odd-numberedyears.316 Marketing Principles (4)Builds upon the analytical and communicationskills gained in lower-level courses. Students gain anunderstanding of products and services, channels ofdistribution, pricing strategies, and elements ofpromotion. Prerequisites: MBE 201 and 203 andjunior status. Offered each semester.322 Financial Management (4)Students learn how to determine in what assets afirm should invest and what sources of funding areappropriate. Topics include mathematical analysis ofoperating and financial leverage, the cost of capital,management of working capital, and sources ofmoney and capital. Prerequisites: MBE 201, 202,203, and 204, and MATH 210 (formerly MATH106). Offered each semester.324 Human Resource Management (4) WA study of the human resource process includingsuch issues as recruiting, selection, training,performance appraisal, and compensation. Learningactivities include experiential and group exercises,discussions, readings on HRM framework andapplication to cases, analytical issue papers, and oralreports. Prerequisites: ENG 105 with a grade of C orhigher and MBE 301, or consent. Offered fall of oddnumberedyears.330 History of Economic Thought (4) H,WAn introductory course in the development ofeconomic thought from Adam Smith to the present.Emphasizes on the correlation between successivestages of growth in economic theory. Writers coveredSmith, Ricardo, Malthus, Marx, Marshall, Keynes,Galbraith, and Friedman. Prerequisites: MBE 201and 202. Offered intermittently.331 Managerial Economics (4)Emphasizes business applications of microeconomictools and concepts. Includes analysis ofdemand, cost, production functions, and alternativepricing theories. Prerequisites: MBE 201, 202, andMATH 210 or 226. Offered intermittently.332 Economic Development (4) S,WIntroduces the student to the major problems andissues in economic development and the economiesof less developed countries with respect to achievingsocial and economic goals. Prerequisites: MBE 100 or201. Offered spring of odd-numbered years.333 International Business (4) S,WFocuses on the increasing degree of internationaltrade and multinational corporations. Analyzesinternational exchange, marketing, and personnelpolicies. Prerequisite: ENG 105 with a grade of C orhigher. Offered each fall.334 Economic Modelingand Forecasting (4)Develops and refines the ability to produce,interpret, and evaluate empirical researchencountered in graduate study and professionalpursuits. After a review of basic statistics, thecourse focuses on the bivariate regression model.Multiple regression, forecasting, and various topicsin the verification of statistical models are alsoinvestigated. Prerequisites: MBE 100 or 201 andMATH 210 or 310.