Bulletin 2007-2008 - Austin College

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ECONOMICS AND BUSINESS ADMINISTRATION367 Cost AccountingA study of accounting in manufacturing operations,cost classifications and concepts,accounting for materials and labor, budgeting,standard costs, cost reports, direct costing,and differential cost analysis. Prerequisite:Business Administration 262. (Offered on anoccasional basis)368 International BusinessProvides students with an analysis of doingbusiness abroad, including various methodsof trade ranging from exporting to jointventures; evaluates how cultural, economic,environmental, legal, political, and sociologicaldifferences between countries impact theperformance of U.S. multinationals; also integratesmanagement, marketing, accounting,and finance into the practice of internationalbusiness. (Each fall)450 Advanced Topics in Economicsand Business455 ManagementExamination and evaluation of current managementtheories and practices. Topics includemotivation, leadership, organizational structure,decision making, and the evolution ofmanagement thought. (Each year)460 Advanced Directed Study(Variable course credit)464 Teaching/Learning ParticipationAn individualized study that includes sharingin the instructional process for a particularbusiness administration course under the supervisionof the faculty member teaching thecourse. Open only to certain highly qualifiedjuniors and seniors by invitation. (Additionaldetails given in the section on Other LearningOpportunities.)471 International Finance(see Economics 471)472 Law and Economics(see Economics 472)482 Capital MarketsThis course covers the determinants of the demandand supply of capital. Issues concerninginvestments and portfolio management arecovered. It is the intent of this course to providea capstone experience to other Finance classesoffered at AC as well as to prepare studentsto participate in the Student Investment Fund.Prerequisite: BA 261 and BA 361 and consentof the instructor. (Each Spring)483 Student Investment Fund(1/2 course credit unit)Students participating in this class will bemaking investment decisions regarding anactual portfolio residing within the college’sendowment. The necessary research concerningeach investment will be conducted by thestudents and investment decisions must bepresented and defended to the Fund’s AdvisoryBoard. Prerequisite: BA 482 and invitation ofthe instructor. May be repeated for a total ofone course credit unit. Students who desire toparticipate beyond 2 semesters may do so as anon-credit course. (Each term)486 Entrepreneurship andSmall Business ManagementA course for upper-level business studentsinterested in starting a business. Businessfundamentals, such as planning, financing,marketing, and management are explored froma small business perspective using a variety ofcase studies. Students conduct their own researchand develop a comprehensive businessplan. (Each year)490 Independent Study491 Business AdministrationHonors Thesis492 Independent StudyOff-Campus/NSOC493 Seminar in Economicsand Business(see Economics 493)495 Strategic ManagementCourse uses computer simulation and case studiesto explore the interrelationships of organizationswith their environments, emphasizes integratingthe various business functions into a meaningfulwhole. This is a capstone course for businessadministration majors. Prerequisite: BusinessAdministration 361 and Economics 301. Seniorstatus or permission of instructor. (Each spring)ECONOMICSA major in economics consists of aminimum of eight course credit unitsincluding Economics 111, 301, 302, 495,COURSES OF INSTRUCTION| 101
ECONOMICS AND BUSINESS ADMINISTRATIONand four other courses in economics ofwhich two must be numbered 300 orabove. Economics 111 is a prerequisitefor all courses. An economics majoralso is required to take Mathematics151 and either Social Science 120 orMathematics 120. It is strongly recommendedthat students fulfill thesequantitative requirements, along withEconomics 301, before beginning theirjunior year. Those students contemplatinggraduate study in economics arestrongly advised to take Mathematics152, 251, 252, and 301.111 Principles of EconomicsAn introductory study of the American economy;the influence of competitive and non-competitivemarket structures on efficient resourceuse and an equitable distribution of incomeand the influence of monetary and fiscal policieson employment, prices, and economicgrowth. (Each fall and spring)234 Development EconomicsExplores the theories, process, and impact ofeconomic growth and development in bothdeveloped and developing countries. Examinesquestions such as: Why is economic developmentimportant? How is economic developmentdefined? What policies and programscan be used to foster economic development?What are the consequences of economic developmentfor society and the environment?Case studies of economic development plansand outcomes for several countries includingthe United States of America and countries inAsia, Latin America, and Africa are considered.Prerequisite: Economics 111. (Each Spring)242 Natural Resource andEnvironmental EconomicsApplies the methodology and tools of economicanalysis to the study of natural resourcesand the environment. The “economic wayof thinking” is used to analyze important issuesrelated to economic development andenvironmental stewardship. Topics coveredinclude: economically efficient approaches forcontrolling air and water pollution, methods ofvaluing environmental attributes, applicationsof benefit-cost analysis, and issues related toenvironmental policy making both domesticallyand internationally. Prerequisite: Economics111. (Each Fall)250 Topics in Economicsand BusinessA study of selected topics and issues offeredon an occasional basis. May be repeated whentopic varies.260 Intermediate Directed Study(Variable course credit)270 Economic HistoryA comparative and multidisciplinary approachto the study of historical economic changesin Western industrial society, encompassingand integrating perspectives originating fromeconomics, political science, philosophy, sociologyand literature. Focus is on the historicaldevelopment, structure, practices, and performanceof economic institutions. Topics includepre-industrial economy, industrialization anddevelopment, technological change, evolvingtheories of the state, trade and demographictransitions, and continued interplay betweengovernment, industry, labor and the military.This course also provides students with anintroduction to the methodology of economichistory and economic reasoning within largerhistorical debates. Prerequisite: Economics 111or permission of instructor. (Every other fall)280 Health EconomicsThis course applies economic analysis tomarkets for health and medical care. Specifictopics covered include the demand for theproduction of health, delivery of health care,financing, regulation, costs, health insurance,competition, the role of government in the provisionof health care, and differences betweenhealth care systems in practice in the U.S. andaround the world. Prerequisite: Economics 111and permission of instructor (Each fall)301 Intermediate MicroeconomicsThe theory of consumer behavior and marketdemand, and producer behavior and marketsupply; price and output under competitiveand imperfectly competitive markets in theshort and long run; consequences of marketstructures for allocative efficiency and distributiveequity. Prerequisite: Economics 111 andMathematics 151. (Each fall and spring)302 Intermediate MacroeconomicsA study of the determinants of national income,employment, and prices that contrasts theKeynesian model with the quantity theory ofmoney and neo-classical approaches, comparesthe effectiveness of monetary and fiscal policiesat high and low income, and the differential102 |COURSES OF INSTRUCTION
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Correspondence DirectoryAustin Coll
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A Heritage Unsurpassed…Austin Col
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Students, faculty, and staff who be
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Intramural programs in a variety of
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Student ServicesCounseling Services
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a copy of the insurance card, both
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Student computing workstations and
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most competitive applicants for adm
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Early Admission: Austin College acc
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Once the applicant enrolls, $150 of
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Undergraduates: The tuition charge
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accounts. Students must respond pro
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■ As determined appropriate by th
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Academic Requirements for Receiving
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Students who are on financial aid s
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for the entire undergraduate progra
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Only students selected as President
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■ Southwestern and Mexican Studie
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among different branches (disciplin
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Humanities courses that satisfy the
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Page 73 and 74: ACADEMIC DEPARTMENTS AND COURSES OF
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Page 113 and 114: EXERCISE AND SPORT SCIENCE250 Inter
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Page 119 and 120: LEADERSHIP STUDIESof five courses i
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Page 125 and 126: MUSICwhen faculty are available. In
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Page 149 and 150: SOCIOLOGY AND ANTHROPOLOGY260 Inter
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TEACHER EDUCATIONarts education. Th
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TEACHER EDUCATION6. A minimum cumul
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TEACHER EDUCATIONEducation 531 Deve
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TEACHER EDUCATIONEducation 595 Inst
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TEACHER EDUCATIONare associated wit
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TEACHER EDUCATION577 Instructional
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CLASS OF 2010* John Q. Adams, Jr.(2
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William Dewey Narramore, Jr. (1975)
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Daniel L. Dominick (1992)Associate
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Kelynne Elizabeth Reed (1995)Associ
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Mark HudsonAdjunct Instructor in Ex
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Degrees ConferredMASTER OF ARTSIN T
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Daniel Clay AgeePsychologySan Anton
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Stacy Ann GeorgePsychologyMagna Cum
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Naomi PerryEnglish and FrenchMagna
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Valerie ElizabethWehmeyer BermejoFr
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IndexAA Cappella Choir ............
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Media Services ....................
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Notes______________________________
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AUSTIN COLLEGE900 NORTH GRAND AVENU
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Bulletin 2007-2008 - Austin College

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