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ECONOMICS AND BUSINESS Professors Carilli, Dempster, Isaacs, Thornton, Townsend; Associate Professor Khurana; Assistant Professors Carson, Lea; Visiting Assistant Professor Levkoff Chair: Anthony M. Carilli Students may choose from one of three majors: Economics, Economics and Business, and Mathematical Economics. The requirements for a major in Economics are 30 hours in the Economics and Business Department, to include Economics 101, 103, 301, 303, 401, and 402, and, in addition, Mathematics 121 (or a higher level Statistics course) and 140 (or a higher level Calculus course). Students are expected to take the two required Mathematics courses prior to the junior year and to complete Economics 301 and 303 during the junior year. No more than three hours of Business courses (courses labeled BUSN) may be applied to the Economics major. The requirements for a major in Economics and Business are 30 hours in the Economics and Business Department, to include Economics 101, 103, 301, and 303, and Business 222, 231, 233, 241, 421, and 422; and, in addition, Mathematics 121 (or a higher level Statistics course) and 140 (or a higher level Calculus course). Students are expected to take the two required Mathematics courses prior to the junior year and to complete Economics 301 and 303 during the junior year. The requirements for a major in Mathematical Economics are 21 hours in Economics to include Economics 101, 103, 301, 303, 306, 308, and 402, and, in addition, Mathematics 121, 141, 142, 231, and 242, and Computer Science 261. No more than six hours of courses at the 100-level in the Economics and Business Department may be applied toward any degree in the department. The Mathematical Economics major was created jointly by the Departments of Economics and Business and Mathematics and Computer Science. This joint participation from a department in the Social Sciences Division and a department in the Natural Sciences and Mathematics Division gives majors in Mathematical Economics the option of electing either a Bachelor of Arts or a Bachelor of Science degree at graduation.
Interdisciplinary majors within the social sciences may be developed and pursued with the approval of the departments concerned. BUSINESS BUSINESS 222. (3) BUSINESS FOUNDATIONS. This course introduces each of the functional areas of business, including accounting and control, finance, marketing, operations, and management, and demonstrates how these functions are integrated to form a successful enterprise in a global economy. Students will acquire skills and employ tools necessary to recognize business opportunities, engage with customers and other stakeholders, and design and execute business models that meet customer needs. Prerequisite: Economics 101. BUSINESS 223. (3) ENTREPRENEURIAL THINKING. This course is about learning to think and act entrepreneurially in order to create value through new products, new solutions, new firms, new business units, new distribution channels, new business models, new technologies, and business transformation. Emphasis is on both the theory and practice of venture creation, and students are required to apply what they learn in the context of transforming their own ideas into a feasible and testable venture opportunity. Critical reflection on the “learn-bydoing” process is also emphasized. Prerequisite: Economics 101. BUSINESS 231. (3) FINANCIAL ACCOUNTING. A comprehensive introduction to the fundamental principles and procedures of financial accounting. Emphasis is placed on the description, derivation, and interpretation of the primary financial statements. Prerequisite: Economics 101. Offered: each semester. BUSINESS 233. (3) MANAGERIAL ACCOUNTING. Study of the sources, organization, and uses of data generated by double-entry accounting. Emphasis is placed on managerial accounting techniques. Prerequisite: Business 231. Offered: each semester. BUSINESS 241. (3) CORPORATE FINANCE. The financial organization and management of a business corporation. The course includes a study of
