pages i-viii152 <strong>Clarion</strong> <strong>University</strong> of PennsylvaniaACTG/FIN 463: Tax Planning3 s.h.A survey course to acquaint students with tax planning techniques which can be used to accomplish an individual’s financial goals.An understanding of financial position, cash flow and income, gift and estate tax matters enables the student to suggest actions thatfit the individual’s financial priorities. Prerequisite: ACTG 353. On demand.ACTG 490: Current Accounting Pronouncements and Practices 3 s.h.A research study of current Financial Accounting Standards Board statements of standards, interpretations, concepts, exposure drafts,and discussion memorandums. The internship experience and related research topics will be presented, discussed, and integrated withthe pronouncements. Prerequisite: COOP 420, Accounting Internship. Spring Semester.ACTG 499: Special Topics in Accounting 3 s.h.Presents various current topics affecting accounting practice and theory. Covers different topics from year to year as subjects ofimportance are identified. Prerequisite: ACTG 351 or consent of instructor. On demand.EconomicsDepartment of Economics, Rod D. Raehsler, Ph.D.,chair333 Still HallTelephone: 393-2627E-mail address: econ@clarion.eduWebsite: www.clarion.edu/econProfessors: Balough, Raehsler, Sanders, Sohng, Stine, C. YangAssociate Professors: L. Smith, S. Trejos, P. WoodburneCollege of BusinessAdministrationEconomics studies how our society organizes naturalresources, labor, productive assets, and human ingenuityto produce goods and services. It studies the decisions ofindividuals, governments and business firms, as they attemptto use their scarce resources in the most efficient way.<strong>Clarion</strong>’s Bachelor of Science in Business Administration(B.S.B.A.) in Economics provides a variety of businessskills. It combines economics courses with other beginningand advanced business courses. The following five programtracks have been designated: monetary economics,quantitative economics, international economics, urbanand public affairs, and general economics. Students selectthe track that is consistent with their interests and personalgoals. Students from this program have been successful ingraduate school, and in a range of careers immediately aftergraduation. A number of positions are open to economicsgraduates. A minor in Economics is also offered, whichcomplements most business majors.The Economics Department at <strong>Clarion</strong> has anexceptionally high Ph.D. coverage, and its low studentfacultyratio for majors promotes high-quality instructionand personal attention. Economics is organized within theCollege of Business Administration, whose elite AACSBaccreditation guarantees exceptional preparation in botheconomics and related subjects. Internships tailored tostudents’ specific requirements can be arranged with banks,businesses, and other institutions. Located in Still Hall,the department has excellent classroom and computerfacilities. Within individual courses, students are introducedto simulation and calculation on computers using a varietyof software packages and databases, including a numberdeveloped specifically for economics classes at <strong>Clarion</strong><strong>University</strong>.Associated with the Economics Department arethe Political Economy Club and the Omega chapter ofOmicron Delta Epsilon, the international honor society inEconomics.In addition to the business economics major listed below,the department offers students a major in economics inthe Bachelor of Arts program of the College of Arts andSciences.Business Economics (B.S.B.A.) ...................................24 creditsRequired: ECON 311, six credits in 300- or 400-level electivecourses in economics or other business courses (may includeBSAD 241), fifteen credits in economics from one of thefollowing tracks:Monetary Economics Track ......................................15 creditsRequired: ECON 361, 370, 371. Two additional economicscourses or one economics course and FIN 476.Quantitative Economics Track .................................15 creditsRequired: ECON 309, 323, 470 and two additional economicscourses.International Economics Track ................................15 creditsRequired: Three of the following four: ECON 312, 361,363, 461. Any two additional economics courses or any oneadditional economics course and MGMT 426.Urban and Public Affairs Track ...............................15 creditsRequired: ECON 314, 342, 351. Two additional economicscourses or one additional economics course and PS 375.General Economics Track .........................................15 creditsRequired: Five courses in economics to be selected inconsultation with and approved by the student’s advisor.Economics (Minor) ......................................................18 creditsThe minor in economics is available to students with any majorfrom any college, including those in the College of BusinessAdministration.Required: ECON 211, 212, 310, 311. Six additional credits in300- or 400-level economics courses selected in consultationwith the student’s minor advisor.
<strong>Clarion</strong> <strong>University</strong> of Pennsylvania 153International BusinessInternational Business is a multidisciplinary majorwithin the Bachelor of Science in Business Administration(B.S.B.A.) degree that enhances the student’s knowledge ofthe international environment within which United Statesand multinational businesses operate.The major not only adds courses in international businessand economics to the basic business administration core, butalso includes international cultural coursework, languagecompetency, and international experience requirements.<strong>Clarion</strong>’s International Business major provides acurriculum that helps prepare students for careers inbusiness, industry, and government in paths such asinternational securities analysis, economic development,global marketing, multinational finance, management ofglobal enterprises, and many more. It also develops theskills needed for effective interaction with foreign businessesand government officials. Many of our faculty memberstravel regularly internationally to teach or consult includingteaching in Russia and China and bring the benefit of theirexpertise to the students in our program.The international experience requirement for the majorcan be met in one of several ways. Our international traveland student exchange experiences regularly send studentsto approximately eight countries each year. Internshipopportunities exist for International Business students inFrance, Ecuador, and Germany. The International BusinessProgram Coordinator works with every InternationalBusiness student on an individual basis to provide the typeof international experience that is best suited for that student,including students with proficiencies in languages other thanthe main languages offered at <strong>Clarion</strong> <strong>University</strong>.A minor in International Business is also available tocomplement any major.International Business (B.S.B.A) .............................24 creditsRequired: ECON 361, MGMT 426, select six to nine creditsfrom the following: ACTG 461, FIN 480, MKTG 469,select three to six credits (for a total of 18 credits in businessadministration courses): BSAD 341, ECON 312, ECON363, ECON 461, select six credits from the department’sinternational cultural course list. Foreign experiencerequirement: Students may meet this requirement in a varietyof ways, including completing BSAD 437, COOP 321/421,interning with a foreign or international firm, completing aforeign study abroad experience, or other qualified experience.Students who opt for an internship in a foreign country areadvised to take a commercial language course and shouldbe Level II proficient in that language. Modern languagerequirement: Students must show competency in a languageother than English. This will be accomplished by passing anationally-recognized language proficiency exam at Level Ias a minimum in any language covered by that examination orcompleting six credits of a foreign language at the 200-levelor higher.International Business, Minor .................................18 creditsRequired: Students must complete 12-15 credits of upperdivisioninternational business courses from among thefollowing: ACTG 461, BSAD 341, ECON 312, ECON 361,ECON 363, ECON 461, FIN 480, MGMT 426, MKTG 469.Students must complete 3-6 credits from the following: BSAD437, COOP 321/421, study abroad, or a foreign language.Economics CoursesECON/GS 140: Consumer Economics 3 s.h.Major aspects of personal financial management, including budgeting of income and expenditures, transactions, and relations withbanks and other lending institutions, insurance and retirement plans, home ownership, personal taxes, savings, and investment plans.B.S.B.A. majors may apply this course only as a free elective. Alternate years.ECON 150: Economic Aspects of Aging 3 s.h.An introductory analysis of economic factors associated with an aging population. Topics include the economics of providingfor income maintenance, housing, health care, social service, and leisure activities. The economic implications of individuals andthe economy will be discussed. Spring, biennially.ECON 161: Global Business and Economic Issues 3 s.h.Introduction to basic principles of economics through the examination of contemporary global economic problems. Issues includebasic economic development and trade, economic causes of global conflict, patterns of international capital flows, global energydependence, and international human capital transfers. The course is aimed at developing a basic understanding of the economicdimension of global business and political issues.ECON 175: Economics of Free Enterprise and Public Policy 3 s.h.A basic introduction into the history of economics as a social science, the theory and application of microeconomics andmacroeconomics, international economics, and economic alternatives in current social problems. This is a freshman-level course canbe used only as general education elective in either the associate degree program or the baccalaureate degree programs. Majors in theCollege of Business Administration are excluded from the course. Each semester.ECON 202: Ecological Economics 3 s.h.An examination of the interdependence between the economy and the environment. Alternative theories of justice which are usedin deciding environmental issues are examined. Economic perspectives of problem resolutions will be examined in general and withrespect to specific environmental problems. Spring, annually.ECON 211: Principles of Macroeconomics 3 s.h.Introduction to macroeconomics, national income analysis, money and banking, monetary and fiscal policies, inflation, unemployment,and international finance. Note: ECON 211 and 212 may be taken in either sequence. Each semester. Fall, annually at Venango.pages i-viiCollege of BusinessAdministration