Associate Dean: Asghar Sabbaghi
Director of Graduate Business Studies: Katherine L. Jacson
Acting Director of Bureau of Business and Economic Research: Monle Lee
Director of Entrepreneurial Studies: John J. Withey
Director of Administrative and Student Services: Patricia A. Agbetsiafa
Professors: D. Agbetsiafa, Bartholomew, Herschede, Joray, Knowles, Kochanowski, Lee, Mehran Naffziger, Sabbaghi, Withey
Associate Professors: Aghimien, Anderson, Blodgett, Espahbodi, Fox, Fred, Jackson, G. Kern, Kohli, Konzelmann, Montazemi, Norton, Ryan, Vollrath, Wrenn
Assistant Professors: B. Kern, Muralidharan, Saksena, Sutton
Lecturer: Mortimer
Emeriti Faculty: Albert, Cline, Harriman, Peck, Swanda, Tawadros, Waltz

The School of Business and Economics at IUSB shall offer high quality educational programs that provide functional knowledge, skills, and capabilities to a diverse student body and enable the students to succeed in a dynamic business environment. Even though we emphasize superior instruction, we also value scholarship, as well as service to the community at large. As a state assisted institution, we shall serve as a professional resource for communities in north central Indiana and south western Michigan. We pursue these ends and continuously strive for academic excellence through an intellectually active faculty. It is our intention to maintain an exceptional faculty engaged in relevant applied, instructional, and basic research and actively involved in public, professional, and institutional service.

To our students (past, present, and potential), we shall provide outstanding instruction by dedicated faculty, well established, affordable Indiana University degrees in business and economics, and reputable undergraduate and graduate programs consistent with the highest levels of professional standards. We shall provide these within a comprehensive university system, accessible to traditional, nontraditional, minority, and international students who are prepared to compete in a global business environment.

To our faculty, we shall provide an intellectually stimulating environment that enhances instruction, scholarship (applied, instructional, and basic), and service, thereby benefiting both our students and our community.

To the community, we shall serve as a highly regarded educational and training source for current and future employees and as a well respected, responsive, and continuing professional resource for profit and not-for-profit organizations and the community at large.

• Educate students for successful careers in business management.
• Provide high quality business programs that are intellectually grounded, innovative, integrative, and application oriented.
• Maintain mutually beneficial relationships with regional businesses.

ACCREDITATION
The IUSB School of Business and Economics measures its quality against the highest standard in business education: AACSB—The International Association for Management Education.

Established in 1916, AACSB is the premier accrediting agency for bachelor's, master's and doctoral degree programs in business administration and management. IUSB stands among only 22 percent of national collegiate business programs that have achieved the level of excellence necessary to earn AACSB accreditation. IUSB's professional colleagues include AACSB founders the University of Chicago, the University of Pennsylvania, Northwestern University and Yale University.
 

TheBureau of Business and Economic Research

Acting Director: Monle Lee

The Bureau of Business and Economic Research (BBER) supports research activities of the School of Business and Economics. BBER publishes a monthly report of local economic indicators, and sponsors semiannual economic briefings for area communities. BBER aims to provide professional expertise to both public and private organizations in the region.

Entrepreneurship Program

Director: John J. Withey

The School of Business and Economics maintains an active and high profile role with the small business sector of the economy through the activities of its Entrepreneurship Program. In addition to credit courses available to students pursuing business degrees, the Entrepreneurship Program offers a symposia series to the community, and oversees a program of student advising to small business clients. Faculty and students participate in a Student/Faculty Research Partners Program that investigates issues of significance to the entrepreneurial and small business community. Faculty and students also enjoy regular involvement with the Collegiate Management Assistance Program of the Small Business Development Center.

Student Organizations

The faculty of the school recognize that student organizations contribute greatly to the programs of the school. Some of these organizations are honorary in nature and facilitate recognition of outstanding performance. These organizations include Beta Gamma Sigma, the honorary business society; Omicron Delta Epsilon, the honorary economics society; and International Honor Society of the Financial Management Association, the honorary finance society. Organizations such as the Accounting Association, American Advertising Federation, American Marketing Association, Society for Human Resource Management, Economic Forum, and Financial Management Association enable students to develop their interests in various fields through extracurricular programs.

BETA GAMMA SIGMA
Beta Gamma Sigma is the national honor society for business students. Membership in this organization is the highest scholastic honor that a business student can attain. Membership is restricted to students of high scholarship in institutions with programs accredited by AACSB—The International Association for Management Education. To be eligible for membership, business majors of junior standing must have a cumulative grade point average of 3.8 or higher and completion of a minimum of 70 credit hours with at least 45 credit hours at IU; seniors must have a cumulative grade point average of 3.65 or higher and completion of at least 45 credit hours at IU; and graduate students must have a cumulative grade point average of 3.75 and at least 27 graduate hours completed.

Student Awards

TThe following awards are made to students in the School of Business and Economics:

• Excellence Award to one student in each of the major areas: accounting, economics, finance, human resource management, marketing, management and administration, marketing/advertising, and graduate business.
• Indiana Association of Certified Public Accountants, Inc. Award.
• Wall Street Journal Award.

Honors for excellence in scholarship are awarded at commencement to a limited number of students graduating with the degree Bachelor of Science in Business. The number so honored will not exceed 10 percent of the graduating class in the school for that year. Graduates whose minimum grade point averages are 3.9 and who complete at least 60 credit hours at IUSB are graduated with highest distinction; those whose minimum grade point averages are 3.8 and who complete at least 60 credit hours at IUSB are graduated with high distinction; and those whose minimum grade point averages are 3.65 and who complete at least 60 credit hours at IUSB are graduated with distinction. Graduates receiving these honors have them so noted on their diplomas and in the commencement program and are eligible to wear the cream and crimson fourragére at commencement.

Students may earn an associate degree offered by the School of Business and Economics in the field of business. This program is designed for those students desiring less than a four-year university education but who, upon completion of two years of university work, will possess minimum employable skills in the area of business.

The general requirements for the associate program include:

• Admission as a regular student to IUSB and completion of all orientation test requirements.
• Completion of a minimum of 60 credit hours with at least the last 30 credit hours completed at IUSB and with at least 15 credit hours at one IU campus (correspondence study courses do not satisfy residence requirements).
• A minimum cumulative grade point average of 2.0 (C).
• A minimum grade of C in any of those courses marked with an asterisk (*).

For the Associate of Science in Business, the following general education and area concentration courses are required:

I. General Education Courses (24 cr.)

(All courses are 3 cr. hours unless otherwise designated)

Communications (6 cr.)

ENG W131 Elementary Composition*
SPCH S121 Public Speaking

One of the following:
   PSY P103 General Psychology
   SOC S161 Principles of Sociology

Choose any course from the following departments:
Anatomy and Physiology
Astronomy
Biology
Chemistry
Geology
Microbiology
Physics
Plant Science
Zoology

Choose any course from the following departments:
Anthropology
Economic History courses offered by the Department of Economics
Geography
Linguistics
Political Science
Psychology (excluding the course counted in Behavioral Science)
Sociology (excluding the course counted in Behavioral Science)

MATH M118 Finite Mathematics

Choose courses from the following:
   Afro-American Affairs
   Comparative Literature
   English (excluding ENG W131)
   Fine Arts
   Folklore
   History
   History and Philosophy of Science
   Music History and Literature courses offered by the Division of the Arts prefixed M, excluding MUS M176 and MUS M177
   Philosophy
   Religious Studies
   Speech (excluding SPCH S121 or courses counted in communications)
   Theatre and Drama
Second-, third-, and fourth-year courses in the following departments:
   Classical Studies
   East Asian Languages and Literature
   French and Italian
   Germanic Languages
   Near Eastern Languages and Literature
   Slavic Languages and Literature
   Spanish and Portuguese

BUS W100 Business Administration Introduction (No credit given for juniors and seniors)
BUS A201 Introduction to Financial Accounting*
BUS A202 Introduction to Managerial Accounting*
BUS K201 The Computer in Business*
BUS L201 The Legal Environment of Business*
ECON E103 Introduction to Microeconomics*
ECON E104 Introduction to Macroeconomics*
BUS F260 Personal Finance (No credit given for juniors and seniors in the School of Business and Ecnomics)
ECON E270 Introduction to Statistical Theory In Economics and Business*

Students who plan on pursuing a four-year program in business are encouraged to select:
MATH M119 Brief Survey of Calculus I
ENG  W231 Professional Writing Skills

And one of the following (whichever one was not selected under behavioral sciences):
 PSY  P103 General Psychology
 SOC  S161 Principles of Sociology

The programs of undergraduate studies provide opportunities for breadth of education as well as for a reasonable amount of specialization. As a member of AACSB—The International Association for Management Education, IUSB School of Business subscribes to the principle that a significant portion of a student’s academic program should center in general education subjects.

The general education aspects of the program are then complemented by study in the basic areas of business administration. The application of this principle ensures the planning of balanced study programs and at the same time enables a student with an interest in one or another professional area of business to specialize in that field.

In addition, all undergraduate study programs include courses that ensure the development of a basic understanding of the principles and practices involved in the management of business firms in the dynamic, social, and political environment of the world today.
Consideration is given also to basic trends of development that are likely to shape the patterns of the world in the years ahead. Beyond these basic requirements, students are given an opportunity to pursue studies in a general program or to select a major from a wide variety of subject areas.

Upon admission to senior standing, the student enjoys a number of privileges and opportunities. The range of elective courses is wider than at any other stage of the program. Special opportunities are provided for discussion and counseling with senior members of the faculty. Courses on this level assure widespread participation by students in the discussion and solution of cases, projects, and special problems drawn from the contemporary business scene. Also, seniors typically hold responsible offices in professional student organizations, affording them unusual extracurricular opportunities for development.

The course BUS X410 Business Career Planning and Placement, prepares seniors for transition to the world of business and helps them locate and select employment opportunities that hold greatest promise for them.

The study program does not end with graduation. In recognition of the importance of continuing education beyond the classroom and after completion of formal courses, the school’s faculty encourages all seniors to pursue a program of guided reading and general development following graduation.

Undergraduate students in the school may pursue curricula in:

• A general program.
• Specialized subject-matter fields.
• Combined programs based on selected courses in the school and in various other academic units of the university.

Students who are eligible to apply for admission to the undergraduate program in the School of Business and Economics must:

• Have completed a minimum of 56 credit hours counting toward graduation on the college level either at IUSB or elsewhere (have completed their freshman and sophomore years).
• Have earned a minimum cumulative grade point average (CGPA) of 2.0 over all courses taken (averages are computed on the basis of all course enrollments in which grades A, B, C, D, and F were awarded; all WF and FX grades will be counted as F in determining the grade point average).
• Have completed the following courses (or their equivalents) either at IUSB or elsewhere with a minimum grade point average of 2.0 (C) and a minimum grade of C in any of those courses marked with an asterisk (*).

 
BUS  A201 Introduction to Financial Accounting *
BUS  A202 Introduction to Managerial Accounting *
BUS  K201 The Computer in Business *
BUS  L201 Legal Environment of Business *
      (BUS L203 Commercial Law I * [Accounting majors should take BUS L203 in lieu of BUS L201])
ECON  E103 Introduction to Microeconomics *
ECON  E104 Introduction to Macroeconomics *
ECON E270 Introduction to Statistical Theory in Economics and Business *
ENG  W131 Elementary Composition *
ENG  W231 Professional Writing Skills *
SPCH S121 Public Speaking
PSY  P103 General Psychology
SOC  S161 Principles of Sociology
MATH M118 Finite Mathematics *
MATH M119 Brief Survey of Calculus I *

Business and economics courses numbered 301 and above are offered only to students who meet one of the following criteria:

• Students officially certified to the School of Business and Economics as B.S. degree majors (provided the student has accomplished a minimum of 56 credit hours, junior-class standing).
• Students who are officially registered in the College of Liberal Arts and Sciences, General Studies Degree Program or Music Outside Minor in Business Administration (provided the student has accomplished a minimum of 56 credit hours, junior-class standing).
• Students who are registered for other university programs that specifically require upper-division business or economics courses (provided the student has accomplished a minimum of 56 credit hours, junior-class standing).
• Other students who have obtained specific permission from the School of Business and Economics (provided the student has accomplished a minimum of 56 credit hours, junior-class standing).

Enrollment Restriction

No undergraduate student, except those who have declared business as their major, is allowed to take more than 23 percent of his/her coursework credit in business courses under any circumstances. The undergraduate business program shall assume the responsibility of monitoring the implementation of this requirement. Any minor in business chosen by a student is subject to approval by the undergraduate business program office.

Transfer Credit Policy

Students of approved colleges who transfer to undergraduate study in the School of Business and Economics must take the courses required in the freshman and sophomore years by the School of Business and Economics if they have not had equivalent courses in the academic unit from which they transfer.

Courses taken at other institutions that appear similar in either title or objective to the 300- or 400-level (junior and senior) courses offered by the School of Business and Economics will be transferred as undistributed electives and will not be regarded as equivalent unless at least one of the following validation processes has been performed.

• Completion of a course review with documented evaluation of the content, level, method of instruction, objectives, etc., used in the course(s) being validated. The evaluation must be performed by an appropriate member of the school’s faculty; or
• Successful completion of an examination based upon the material covered in that course offered by the school.

The validation process can be completed prior to a student’s certifying to the school, but no actual transfer course equivalency can be effected until after the student has officially certified to the school.

The validation process cannot take place prior to receipt of an official IUSB credit transfer report or if the student is registered in a course offered by another institution.

Courses in advanced business subjects, not open to freshmen and sophomores, which have been taken at other institutions in the freshman and sophomore years, will not be accepted as equivalents of the courses offered at Indiana University unless the student passes special examinations of the School of Business and Economics in such subjects. Additionally, courses in advanced business subjects, not open to freshmen and sophomores, which have been taken at two-year institutions, will not be accepted as equivalents of the courses offered at IUSB.

Credit hours earned through junior and community colleges are limited to a maximum of 60 credit hours.

Only credit hours earned at Indiana University will count toward a student’s grade point average. Grades from other universities transfer as credit only, although transfer grades will appear on the credit transfer report. The school will accept transfer students as late as the senior year.

Student’s Responsibility

All colleges establish certain academic requirements that must be met before a degree is granted. Advisors, directors, and deans will always help a student meet these requirements, but each student is individually responsible for fulfilling them. If requirements have not been satisfied, the degree will be withheld pending adequate fulfillment. For this reason, it is important for each student to be well acquainted with all requirements described in this Bulletin.

Credit Hour Requirements

The minimum number of credit hours required for the bachelor’s degree is 123 in courses meeting the various requirements stated in this Bulletin. Of these, at least 48 credit hours shall be in business and economics courses, and at least 53 credit hours shall be in courses other than business and economics.

Pass/Fail Option

Business students may elect to take one course each semester with a grade of P (pass) or F (fail), with a maximum of two such courses each school year, including summer sessions. The student must exercise the election of this option within the first three weeks of the semester. Limitations on use of the pass/fail policy are as follows: Business students may not take any business course pass/fail. Also, the pass/fail option cannot be used for courses that satisfy the general education requirements. The option can be used for courses that are pure electives taken outside the School of Business and Economics. A grade of P is not counted in the cumulative grade point average, but a grade of F is included. A grade of P cannot be changed subsequently to a grade of A, B, C, or D.

Correspondence Study

Business, economics, and speech courses may not be taken by correspondence to count toward degree requirements. All students wishing to apply credit from correspondence study toward a degree must secure the advisor’s signature on the enrollment application before submitting to the correspondence study program. Any exceptions to the above policy must have the approval of the dean.

Repeating a Course Limitation Policy
Business majors will not be permitted to retake a course in which they have received a grade of B– (2.7) or better. Independent study courses and all other courses that allow students to obtain additional credit by retaking the same course number would be exceptions, as would any other extraordinary situations.
All business majors are restricted to three attempts to complete a credit course. Viable exceptions may be accepted by petitioning the school. The word “attempts” is intended to mean a transcript record of W, F, or a completed course letter grade. In particular, WX is excluded (dropping a class within the first week).

Repeating a Failed Course
The School of Business and Economics will, for its own internal purposes (e.g., admission, probation, graduation, etc.), calculate grade point averages where a failed course is involved using both the original grade of F and the makeup grade. This policy will apply to all courses taken by undergraduate students admitted to the school.

General Scholarship Rule

Any student who does not possess the necessary preliminary training or who lacks other qualifications may be required by the Committee on Admissions and Probation to enroll in such courses as the committee may designate or to take such other corrective action as is necessary or desirable. The committee may review a student’s record at any time and take whatever action seems necessary for the student’s best interests or for the best interests of the school.

Grade Requirements

To graduate with an undergraduate degree from the School of Business and Economics, students must attain a minimum grade point average (GPA) of 2.0 (C) in all business and economics courses, earn a minimum grade of C in each course in their concentration and basic administration core requirements (a grade of C– (1.7) does not satisfy this requirement), and a minimum cumulative grade point average of 2.0 (C). Transfer students admitted from other institutions with deficiencies in credit points are expected to overcome those deficiencies with Indiana University grades.

English Requirement

Students must demonstrate their ability to use correct, clear, effective English. The student must satisfy this requirement by completing ENG W131 Elementary Composition and ENG W231 Professional Writing Skills, or equivalent transfer credit with a minimum grade of C (a grade of C– does not satisfy this requirement). Students whose records indicate serious writing deficiencies are advised to enroll in ENG W031 Pre-Composition, which is specially designed for their needs.

Withdrawals

The following policy covering the handling of withdrawals has been approved by the school faculty subject to modifications by all-university policies that may be voted by the All-University Faculty Council.

1. During the first four weeks of the semester (two weeks for summer sessions) students will receive an automatic W by completing the appropriate forms in the Office of the Registrar.
2. From the fifth week through the tenth week (third and fourth week of summer sessions), the teacher assigns a W or F and signs the grade line on the form. The dean will sign these without further justification.
3. After the tenth week (after the fourth week of summer sessions), students must submit a written justification for withdrawing from the course(s) to the School of Business and Economics Committee on Admissions, Probation, and Withdrawal. Present policy requires an urgent and compelling reason to withdraw. A decision on a withdrawal slip is made by the committee based on the student’s written justification. If the committee approves a request, the student can obtain a withdrawal slip from the School of Business and Economics and follow the same procedure as in step 2.
4. No W grades are to be entered on grade sheets without properly processed withdrawal slips.
5. All withdrawal slips will be stamped void after 10 days and will not be accepted by the registrar after the 10 days.
6. Students must complete all withdrawal procedures prior to the last week of classes.

The Committee on Admissions, Probation, and Withdrawal has the authority to order dismissal and to entertain applications for readmission, according to university regulations as carried out in the Academic Regulations and Policies of the University section of this IUSB Bulletin.

Physical Education Courses

Students may elect a maximum of 4 credit hours of special elective HPER courses. Physical education courses carry regular credit and count as general education electives (students cannot enroll in the same course twice and receive credit). Grades earned in these courses are not included in the student’s cumulative grade point average.

Career Planning and Placement

All undergraduate students are urged to register with the Office of Career Planning and Placement. BUS X410 Business Career Planning and Placement must be completed satisfactorily during the academic year in which graduation requirements are completed. Information about employment in specific career fields is available in Office of Career Planning and Placement.

Special Credit Examinations

The School of Business and Economics will not accept transfer of credit from other institutions for business courses if the credit was awarded on the basis of self-acquired competency. For non-business courses, the school will accept course-specific credit awarded on the basis of self-acquired competency by other degree-granting academic units of Indiana University and by other institutions accredited by the North Central Association of Colleges or comparable regional associations.

The school will not accept general (non-course-specific) self-acquired competency credit awarded by other academic units of Indiana University or by other institutions.

Concentration Declaration

Students declare a concentration prior to the beginning of a semester and will be expected to meet the requirements for that concentration beginning that semester. Any student who has not selected a specific concentration will be classified as a management and administration major and will be expected to follow the program of that concentration.

Senior Residence Requirement

The senior year (the last 30 credit hours) must be completed at Indiana University. Students will be certified for graduation by the IU campus on which they complete the last two semesters (30 or more credit hours). In addition, at least 50 percent of all business course credit hours must be taken at IUSB.

Permission to take credit during the senior year at another institution or by correspondence study courses may be procured, to a maximum of 6 credit hours, by petitioning the dean.

Application for Degree

Candidates for the B.S. or A.S. in business must file a degree application by October 1 if they are graduating in December or by February 1 if they are graduating in May or August. Degree application forms are available at the school’s undergraduate office. Unless the application has been completed and submitted to the school, the student’s academic records will not be audited for degree certification. Without this audit, the student cannot be recommended for the conferral of the degree.

Credit Deadline

All credit of candidates for degrees, except that for the work of the current semester, must be on record at least one month prior to the conferral of the degrees. All I (incomplete) and R (deferred) grades must be removed before a student can be certified for a degree.

Comprehensive Exam Requirement

Business students, as a condition for graduation, must pass a comprehensive examination during their senior year. Graduating seniors will be notified in advance of their scheduled examination date.

Statute of Limitations

Students who are candidates for the degree Bachelor of Science in Business have the right to complete degree requirements specified by the Bulletin in effect at the time they matriculate at Indiana University, provided that:

1. The necessary courses are available, and
2. No more than eight calendar years have elapsed since matriculation.

Requirements for a Second Bachelor’s Degree

The School of Business and Economics offers to holders of a bachelor’s degree in academic units other than business, a second bachelor’s degree in business.

The candidate will, of course, be exempted from any of those requirements already fulfilled in acquiring the first bachelor’s degree. Students must meet the certification and degree requirements specified in the Bulletin at the time they are admitted for the second degree.

Normally the holder of a bachelor’s degree who wishes to pursue further education is encouraged to become qualified for admission to graduate study. In certain cases, however, a student may be admitted to candidacy for a second bachelor’s degree. When such admission is granted, candidates must earn at least 30 additional credit hours in residence and meet the requirements of the School of Business and Economics and of the concentration in which they are candidates. Students who have been awarded the Bachelor of Science in Business at Indiana University may register as special students to meet the requirements of another concentration, but cannot be certified for the degree a second time.

Individuals who have been awarded the Bachelor of Science in Business from Indiana University shall not be subsequently eligible for any associate degree offered through the School of Business and Economics.

The School of Business and Economics reserves the right to specify any additional course requirements or repetition of previously taken courses in order to insure that a student’s second B.S. or second area concentration is compatible with the school’s current academic objectives.
 
 

All undergraduate curricula for students majoring in business administration consist essentially of three parts: the general education core, the basic business administration core, and the professional courses for a specific concentration.

The following is a list of the courses and credit hours that all undergraduate curricula require in each of these areas. In certain curricula concentrations, specific general education courses are required within the seven groups of courses listed.

General Education Core Courses
(All courses are 3 cr. hours unless otherwise designated)

I. Communications (9 cr.)

ENG W131 Elementary Composition
ENG W231 Professional Writing Skills
SPCH S121 Public Speaking

MATH M118 Finite Mathematics
One of the following:
    MATH M119 Brief Survey of Calculus I
    MATH M215 Analytic Geometry and Calculus I

PSY P103 General Psychology
SOC S161 Principles of Sociology

A minimum of nine credit hours selected from the following departments:

Afro-American Affairs
Comparative Literature
English (excluding ENG W131 and ENG W231)
Fine Arts
Folklore
History
History and Philosophy of Science
Music History and Literature courses offered by the Division of the Arts prefixed M, excluding MUS M176 and MUS M177
Philosophy
Religious Studies
Speech (excluding SPCH S121 or courses counted in group I-Communications)
Theatre and Drama

Classical Studies
East Asian Languages and Literature
French and Italian
Germanic Languages
Near Eastern Languages and Literature
Slavic Languages and Literature
Spanish and Portuguese

A minimum of six credit hours selected from the following departments:

Anthropology
Economic History courses offered by the Department of Economics
Geography
Linguistics, Political Science, Psychology (excluding the course counted in group III-Behavioral Science)
Sociology (excluding the course counted in group III-Behavioral Science)

A minimum of five credit hours selected from the following departments:

Anatomy and Physiology
Astronomy
Biology
Chemistry
Geology
Microbiology
Physics
Plant Science
Zoology

Basic Business Administration
Core Courses

Freshman Year

ECON E103 Introduction to Microeconomics
ECON E104 Introduction to Macroeconomics
BUS K201 The Computer in Business

BUS A201 Introduction to Financial Accounting
BUS A202 Introduction to Managerial Accounting
BUS L201 Legal Environment of Business (Accounting majors will take BUS L203 in lieu of BUS L201)
ECON E270 Introduction to Statistical Theory in Economics and Business

BUS  D300 International Business Administration
BUS  K321 Management Information Systems
BUS  F301 Financial Management
BUS  M301 Introduction to Marketing Management
BUS  P301 Operations Management
BUS  Z302 Managing and Behavior in Organizations

BUS J401 Administrative Policy
BUS X410 Business Career Planning and Placement

In addition to fulfilling the general education requirements and the basic business administration core requirements previously listed, students must select one or more of the following business concentrations:

Accounting
Finance
Management and Administration
Marketing
Marketing and Advertising
Personnel and Industrial Relations

Freshman Year (31 cr.)

ENG W131 Elementary Composition
SPCH S121 Public Speaking
PSY P103 General Psychology
SOC S161 Principles of Sociology
MATH M118 Finite Mathematics
MATH M119 Brief Survey of Calculus
ECON E103 Introduction to Microeconomics
ECON E104 Introduction to Macroeconomics
BUS K201 The Computer in Business
General Education Courses (4 cr.)

Sophomore Year (31 cr.)

BUS A201 Introduction to Financial Accounting
BUS A202 Introduction to Managerial Accounting
BUS L201 Legal Environment of Business (Accounting majors will take BUS L203 in lieu of BUS L201)
ECON E270 Introduction to Statistical Theory in Economics and Business
ENG W231 Professional Writing Skills
General Education Courses or Electives (16 cr.)

Junior Year (30 cr.)

BUS  D300 International Business Administration
BUS  K321 Management Information Systems
BUS  F301 Financial Management
BUS  M301 Introduction to Marketing Management
BUS  Z302 Managing and Behavior in Organizations
BUS  P301 Operations Management
Concentration requirements or electives (12 cr.)

Senior Year (31 cr.)

BUS  X410 Business Career Planning and Placement
BUS  J401 Administrative Policy
Electives and concentration requirements (27 cr.)

Area Coordinator: Peter A. Aghimien

The accounting curriculum prepares students for positions as accountants, auditors, controllers, income tax accountants, financial statement analysts, cost accountants, budget officers, and governmental or institutional accountants. In addition, it equips the prospective business executive with a tool for intelligent analysis, prediction, decision-making, and control.

The accounting curriculum also provides excellent background for the student planning to pursue graduate work in business administration or law.

Accounting graduates who meet requirements of the State Board of Certified Accountants of Indiana are eligible to sit for the Uniform CPA Examination in Indiana. Those who wish to engage in public accounting practice should familiarize themselves with the rules and regulations issued by the Indiana State Board of Public Accountancy, 912 State Office Building, Indianapolis, Indiana 46204. Students planning to practice outside Indiana should consult the CPA board of their state of residence.

Concentration Requirements

Junior and Senior Years

BUS A311 Intermediate Accounting I
BUS A312 Intermediate Accounting II
BUS A325 Cost Accounting
BUS A328 Introduction to Taxation
BUS A337 Computer-Based Accounting Systems
BUS L303 Commercial Law II
BUS A424 Auditing
SPCH S223 Business and Professional Communication

Two of the following:
BUS A335 Fund Accounting
BUS A339 Advanced Income Tax
BUS A422 Advanced Financial Accounting
BUS A425 Contemporary Accounting Theory
BUS A434 The Professional Aspects of Accounting

Finance

Area Coordinator: Jamshid Mehran

The ability to analyze a corporation’s financial status, and to implement sound financial programs for raising funds and for choosing from among competing investment opportunities, is of the utmost importance to any business organization.

Students graduating with a finance concentration will be prepared for entry-level positions in finance. This includes positions in financial institutions such as commercial banks, savings and loans, credit unions, brokerage and investment banking firms, investment advisory organizations, insurance companies, mutual funds and pension funds. In addition to opportunities in the financial services industry, extensive employment opportunities exist in the corporate sector as well as in government.

Courses on financial institutions, financial decision making, business financial management, and security analysis and portfolio management will enable students to acquire depth of understanding in areas of particular interest.

The field of finance traditionally is divided into three subfields: financial markets and institutions, investments, and business financial management. Financial markets and institutions examine the ways in which financial intermediaries such as commercial banks, insurance companies, and pension funds facilitate the transfer of funds from savers/investors to demanders of funds who engage in the production and consumption of real economic goods and services.

Services provided by financial institutions include the evaluation and bearing of risk and the repackaging of funds in terms of maturity and size of investment. Also examined, on a macro basis, are the markets for financial securities created by corporations and financial intermediaries.

Typical questions would be what sectors of government and the economy are the foremost demanders of funds in different segments of the business cycle and, in aggregate, what proportion of corporate financing has been provided by debt over time.

Investments is the study of how individuals and institutions locate funds to financial assets such as stocks, bonds, options and futures contracts and, to a lesser extent, real assets such as real estate and precious metals. Investments is itself divided into two areas: security analysis, concerned with the valuation of individual securities; and portfolio management, concerned with the selection of combinations of assets such that return is maximized given the level of risk that is borne.

Business financial management concentrates on the management of a firm’s assets, both short-term working capital and longer-term capital projects, and on the financing of these assets. Financing considerations include the choice of capital structure (proportions of debt and equity used in the financing mix) and dividend policy.

Concentration Requirements

Junior and Senior Years

BUS F302 Financial Decision Making
BUS F345 Money Banking and Financial Markets
BUS F420 Investment
BUS F444 Applications in Financial Management

Three of the following:
BUS A311 Intermediate Accounting I
BUS A312 Intermediate Accounting II or
BUS A325 Cost Accounting
BUS F423 Topics in Investment
BUS F490 Independent Study in Finance (cr. arr.)
BUS F494 International Financial Management

Human Resource Management

The program in human resource management is designed for students whose career objectives encompass the field of human resources. From its early beginnings as a staff function involving the maintenance of records and the administration of benefit programs, personnel administration has grown and expanded to encompass the total development and utilization of human resources in organizations. While company titles may vary from vice president of industrial relations to vice president for organization planning and development, there are few firms of any size or consequence today that do not have a human resources specialist reporting directly to the company’s highest level. This practice reflects the awareness that its human resources are an organization’s greatest asset.

For this reason, the curriculum is designed to acquaint the student with modern human resources management in its broadest sense. Included are the traditional areas of personnel administration and labor relations such as employment, management development, wage and salary administration, organization planning, and contract negotiations, as well as developments in the behavioral sciences and the implications for a complete human resources program.

The objectives at the undergraduate level are to provide the student with a broad spectrum of knowledge for career preparation in organizational leadership; to prepare the student for a career in modern, professional personnel and industrial relations and human resources management; and to encourage and develop interest in further study and research in the area of human resources development and utilization.

CONCENTRATION REQUIREMENTS
(All courses are 3 cr. hours unless otherwise designated)

Junior and Senior Years

BUS  Z440 Personnel—Human Resources Management
BUS  Z441 Compensation and Benefits
BUS  Z444 Selection and Development
ECON E304 Survey of Labor Economics
ECON E315 Collective Bargaining, Practices, and Problems

One of the following:
PSY  P233 Industrial Psychology
PSY  P319 The Psychology of Personality
PSY  P320 Social Psychology
PSY  P325 The Psychology of Learning
PSY  P327 Psychology of Motivation
SOC  S230 Society and the Individual: Microsociology
SOC  S315 Sociology of Work
SOC  S335 Racial and Ethnic Relations
SOC  S410 Topics in Social Organization
SOC  S431 Topics in Social Psychology

Management and Administration

For students who wish to pursue a broad, general program, this curriculum provides a vehicle for organizing their studies. The integrating focus is the responsibility for administering the multiple operations of the business firm in a rapidly changing environment. Emphasis is on the process involved in setting goals for corporate effort, coordinating and controlling multiple programs, and regulating inputs and outputs with varied environments.

Objectives at the undergraduate level are to provide a broad, liberal education as a base and to develop proficiency in understanding and solving interrelated business problems.

Concentration Requirements

Junior and Senior Years

BUS W430 Organizations and Organizational Change
BUS Z440 Personnel-Human Resources Management

Four of the following:
BUS  A325 Cost Accounting
 BUS  F302 Financial Decision Making
 BUS  F420 Investment
 BUS  L303 Commercial Law II
 BUS  M303 Marketing Decision Making
 BUS  W311 Small Business Entrepreneurship
 BUS  W406 Venture Growth Management
 BUS  W408 Practicum in Small Business
 BUS  N300 Principles of Risk and Insurance
 BUS  R300 Principles of Real Estate
 BUS  J404 Business and Society
 BUS  M450 Marketing Strategy and Policy
 ECON E304 Survey of Labor Economics
 ECON E305 Money and Banking
 ECON E308 Public Finance: Survey
 ECON E315 Collective Bargaining, Practices, and Problems
 ECON E321 Intermediate Microeconomic Theory
 ECON E322 Intermediate Macroeconomic Theory

BUS W311 Small Business Entrepreneurship
BUS W406 Venture Growth Management
BUS W408 Practicum in Small Business or an approved substitute.

Marketing

Area Coordinator: John J. Withey

The study of marketing concerns itself with all those activities related to the movement of goods and services from the producer to consumers. It deals, for example, with customer behavior, the development of product offerings to meet consumer needs, pricing policies, the institutions and channels of distribution, including retailers and wholesalers, advertising, selling, sales promotion, research, and the management of marketing to provide for business a profitable and expanding operation.

The marketing curriculum endeavors to provide the business community with broadly trained people who can approach problems with a clear understanding both of marketing and of the interrelationships of marketing with other functions of the firm. Students planning careers in marketing research and information systems, advertising, retailing, or sales management normally major in marketing and then may pursue within the curriculum additional specialization in the area of their vocational interest.

Concentration Requirements

Junior and Senior Years

BUS  M303 Marketing Decision Making
BUS  M401 International Marketing
BUS  M405 Buyer Behavior
BUS  M450 Marketing Strategy and Policy

One of the following:
 BUS  M415 Advertising and Promotion Management
 BUS  M426 Sales Management

Marketing/Advertising

Area Coordinator: John J. Withey

The advertising curriculum provides an educational foundation for those preparing for careers in which advertising may play a major role. Such careers include work in the management of advertising; advertising sales; product management with those firms where strong emphasis is placed on advertising; or specialized areas of copy, layout, design, or production.

Employment in these careers may be with advertising departments of manufacturing, distributing, or retailing firms; with media, including television stations, newspapers, or magazines; with advertising agencies; or with companies dealing in specialized aspects of advertising and sales promotion.

Because the advertising function in a business firm constitutes part of a total marketing program, the advertising curriculum provides, first of all, a base of general business and marketing studies. The capstone of this program is a modest degree of specialization in advertising courses.

Concentration Requirements

Junior and Senior Years

BUS  M303 Marketing Decision Making
BUS  M405 Buyer Behavior
BUS  M415 Advertising and Promotion Management
BUS  M418 Advertising Strategy

One of the following:
BUS  M401 International Marketing
BUS  M426 Sales Management
BUS  M450 Marketing Strategy and Policy

One of the following:
ENG  W203 Creative Writing
FINA S250 Graphic Design I
JOUR  C200 Introduction to Mass Communications
TEL  R204 Foundations of Broadcasting
SPCH  S233 Introduction to Public Relations

Students following the advertising curriculum are urged to select additional work in behavioral science and should select advanced general education and advertising work in consultation with their advisor. The advertising electives selected should be relatively limited in number and in line with abilities and career interests.

Students who are pursuing a four year degree in the College of Liberal Arts and Sciences may combine formal study in business administration with their stated major in the College of Liberal Arts and Sciences by concurrently completing an outside minor in business administration. Students who select this program must notify the College of Liberal Arts and Sciences counselor-recorder and the School of Business and Economics advisor before the end of their junior year.

(All courses are 3 cr. hours unless otherwise designated)
Requirements (18 cr.)

W100 Business Administration Introduction (must be taken before the courses listed below)

Select five of the following courses (after completing required prerequisites):
ECON E103 Introduction to Microeconomics
 BUS  A201 Introduction to Financial Accounting
 BUS  L201 Legal Environment of Business
 BUS  F301 Financial Management
  BUS  J404 Business and Society
 BUS  M301 Introduction to Marketing Management
 BUS  P301 Operations Management
 BUS  Z302 Managing and Behavior in Organizations

Students who do not plan to complete the outside field in business administration but who wish to supplement their major in the school with a small number of business courses in a single business area—such as accounting, finance, marketing, or other specialized study—should select business and economics courses in consultation with an advisor from the School of Business and Economics.

Bachelor of General Studies Program Combined with an Outside Minor in Business Administration

Students in the Bachelor of General Studies program may combine formal study in business administration with their general studies major by concurrently completing an outside minor in business administration. Students who select this minor must notify the general studies advisor and the School of Business and Economics advisor before the end of their junior year.

Requirements

(All courses are 3 cr. hours unless otherwise designated)
The following courses are required to fulfill the outside minor in business administration:

PSY   P103  General Psychology
SOC  S161  Principles of Sociology
MATH M118  Finite Mathematics*
MATH M119  Brief Survey of Calculus I*
ECON E103  Introduction to Microeconomics*
ECON E104 Introduction to Macroeconomics*
ECON E270 Introduction to Statistical Theory in  Economics and Business*
BUS  K201 The Computer in Business*
BUS  A201 Introduction to Financial Accounting*
BUS  A202 Introduction to Managerial Accounting*
BUS  L201 Legal Environment of Business*
BUS  F301 Financial Management*
BUS  M301 Introduction to Marketing Management*
BUS  Z302 Managing and Behavior in Organizations*

Students in the School of the Arts may combine formal study in business administration with their stated major in music by completing an outside minor in business administration approved by the dean of the School of the Arts. For further information, see the section in School of the Arts.

Department of Economics

Area Coordinator: A. Wayne Bartholomew

General Program

This program is designed for the student who intends to pursue graduate-level training in law, public administration, business administration, or other professional areas and for the student who intends to work as an administrator for a business or the government.

(All courses are 3 cr. hours unless otherwise designated)

Economics Requirements (26 cr.)

ECON E103 Introduction to Microeconomics
ECON E104 Introduction to Macroeconomics
ECON E270 Introduction to Statistical Theory in Economics and Business
ECON E321 Intermediate Microeconomic Theory
ECON E322 Intermediate Macroeconomic Theory
ECON E470 Introduction to Econometrics
ECON E490 Advanced Undergraduate Seminar in Economics (4 cr.)

MATH M118 Finite Mathematics
MATH M119 Brief Survey of Calculus I (or equivalent)

Two of the following:
ECON E304 Survey of Labor Economics
 ECON E305 Money and Banking
 ECON E308 Public Finance: Survey
 ECON E430 International Economics

Include courses to satisfy College of Liberal Arts and Sciences general education requirements for the Bachelor of Arts degree, except that no foreign languages are required for either of the Bachelor of Science in Economics degrees.

Bachelor of Arts Requirements:

See the B.A. program in economics, College of Liberal Arts and Sciences, within this Bulletin.

Suggested Program for B.S. in Economics:
(All courses are 3 cr. hours unless otherwise designated)
First Year:

ENG W131 Elementary Composition
MATH M118 Finite Mathematics
MATH M119 Brief Survey of Calculus I
ECON E103 Introduction to Microeconomics
ECON E104 Introduction to Macroeconomics
Electives (15 cr.)

ECON E270 Introduction to Statistical Theory in Economics and Business
Electives (27 cr.)

ECON E321 Intermediate Microeconomic Theory
ECON E322 Intermediate Macroeconomic Theory
Economics electives, 300-400 level
Electives (22 cr.)

ECON E470 Introduction to Econometrics
ECON E490 Advanced Undergraduate Seminar in Economics (4 cr.)
Economics electives, 300-400 level
Electives (21 cr.)

This program is designed primarily for the student who intends to pursue graduate work in economics or in a quantitatively oriented Master of Business Administration program.

(All courses are 3 cr. hours unless otherwise designated)
Economics Requirements:

ECON E103 Introduction to Microeconomics
ECON E104 Introduction to Macroeconomics
ECON E270 Introduction to Statistical Theory in Economics and Business
ECON E321 Intermediate Microeconomic Theory
ECON E322 Intermediate Macroeconomic Theory
ECON E375 Introduction to Mathematical Economics
ECON E470 Introduction to Econometrics
ECON E490 Advanced Undergraduate Seminar in Economics (4 cr.)
Select 3 cr. from 300 and 400 level courses in economics, except ECON E315 Collective Bargaining, Practices, and Problems

MATH M118 Finite Mathematics
MATH M215 Analytic Geometry and Calculus I (5 cr.)
MATH M216 Analytic Geometry and Calculus II (5 cr.)

ENG W131 Elementary Composition
MATH M118 Finite Mathematics
MATH M215 Analytic Geometry and Calculus I (5 cr.)
ECON E103 Introduction to Microeconomics
ECON E104 Introduction to Macroeconomics
Electives (13 cr.)

MATH M216 Analytic Geometry and Calculus II (5 cr.)
ECON E270 Introduction to Statistical Theory in Economics and Business
Electives (22 cr.)

ECON E321 Intermediate Microeconomic Theory
ECON E322 Intermediate Macroeconomic Theory
Economics electives, 300-400 level
Electives (22 cr.)

ECON E375 Introduction to Mathematical Economics
ECON E470 Introduction to Econometrics
ECON E490 Advanced Undergraduate Seminar in Economics (4 cr.)
Electives (21 cr.)

All students majoring in business who wish to earn a minor in economics are expected to complete the following requirements:

1. Register their intent with the College of Liberal Arts and Sciences.
2. Meet with an economics advisor prior to each semester’s registration.
3. Earn a minimum grade of C in all economics courses that count toward the minor.
4. Complete the following courses:

ECON E103 Introduction to Microeconomics
ECON E104 Introduction to Macroeconomics
ECON E321 Intermediate Microeconomic Theory
ECON E322 Intermediate Macroeconomic Theory
One additional economics course at the 300- or 400-level.

acadaff@www.iusb.edu
Last updated: 6 November 2000
URL: busecon.html