Minor in Business

A minor in business is recommended for students interested in entering the fields of, or continuing their graduate studies in, accounting, business, economics, marketing or management. Knowledge gained will enhance the business side of any career one seeks.

 

REQUIRED COURSES:

ACC 101        Principles of Accounting I (3 credits)

Introduces basic accounting principles and preparation of financial statements. Focuses on understanding financial journals, ledgers, receivables, payables, inventory valuation, deferrals, accruals, plant assets, and debit/credit system. Explores internal controls, accounting ethics, and methods for evaluating financial information.

Prerequisite(s): None

 

ACC 102        Principles of Accounting II (3 credits)

Extends the application of basic accounting principles to partnership and corporate entities with an emphasis on the structure of corporate financial statements. Provides an overview of managerial accounting and the use of financial information in making decisions. Focuses on cost behavior, budgeting, performance evaluation, and the preparation and analysis of statements of cash flow and other advanced financial documents. Explores uses of technology and various software in the accounting process.    

Prerequisite(s): ACC 101 (Principles of Accounting I)

 

ECO 112        Microeconomics (3 credits)

Overviews output and price theories of utility and demand, including production analysis and marginal product, and marginal costs, and pricing input factors, such as land, resources, wages, salaries, and the labor market. Also focuses on competition-perfect and imperfect oligopoly, monopoly regulation, and anti-trust policy, government policy and public choice, economic growth, international trade, and elements of risk and applied game theory.

Prerequisite(s): None

 

LAW 201        Business Law (3 credits)

Presents a broad introduction to the legal environment of business. Develops a basic understanding of contract law, torts, agency, and government regulation. Focuses on practical issues confronted in the business environment.

Prerequisite(s): None

MAR 301        Introduction to Marketing (3 credits)

Surveys the general concepts of marketing. Provides the basic knowledge to understand the “4 P’s” of marketing, consumer behavior, target markets, and web-based marketing. Introduces decision-making tools for integrating product, price, distribution, and communication decisions and processes into an organization competing in a global environment. Reinforces the applications of marketing terms to contemporary issues.

Prerequisite(s) or Corequisite(s): None

MGT 301        Principles of Management and Organizational Behavior (3 credits)

Offers an introduction to management and organizational behaviors, explores the functions of management, group dynamics, and organizational structures, discusses how decisions are made effectively. Covers international organizational cultures and global perspectives of management. 

Credit given for PSY 301 or MGT 301

Prerequisite(s): None

Corollary requirements include a course in ethics and a course in math, from the list below:

 

ETH 337         Business Ethics and Jewish Law                            

Studies Jewish law as it relates to the world of commerce and business and its application to modern situations. Focuses on classical halachic literature, including Talmud and related commentaries. Explores the ethical principles that govern conduct in the world of commerce. Emphasis is placed on common ethical questions and the practical application of Jewish moral principles to the business world. May be offered as two courses of 1.5 credit hour each (ETH 337A and ETH 337B).

Formerly RAB 337 (Jewish Law: Economics and Business Ethics)

Prerequisite(s): Completion of 12 credits of Jewish studies or permission of the Menaheles

MAT 121        College Algebra (3 credits)

Covers and expands upon topics and skills that were introduced in high school algebra. Includes solving equations and inequalities, systems of equations and inequalities, linear relations and functions, and polynomial and radical equations.

Prerequisite(s): None

MAT 231        Calculus I (3 credits)

Introduces the study of calculus and reviews of the nature of functions. Includes limits and continuity involving algebraic and trigonometric functions. Covers differentiation of algebraic functions and trigonometric functions and applications of the derivative using techniques of differentiation. Further covers topics of integration, including integration of algebraic functions numerical integration and applications of the integral.

Prerequisite(s): MAT 121 (College Algebra) or equivalent (or high school pre-calculus)

 

STA 201         Introduction to Statistics (3 credits)

Develops an understanding of statistical methodology and use of critical judgment in analyzing data sets. Includes descriptive statistics, measures of central tendency, introduction to probability, both normal and binomial distributions, hypothesis testing, confidence intervals, linear regression, and correlation. Emphasizes developing the practical skills of interpreting and reporting descriptive and inferential univariate and bivariate statistical information.

Prerequisite(s): None

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