Business
 Administration
 & Economics

Room 228
Madeleva Hall 
Saint Mary's College   
Notre Dame, IN 46556

Phone:(574)284-4501
Fax:(574)284-4566

Department Chair
Mary Ann Merryman
_______________

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Business Administration Courses
(BUAD)

 

201 Principles of Financial Accounting

Introduction to accounting and the accounting profession with a focus on the use of accounting information by external decision makers (financial accounting). Emphasis on recording economic transactions, financial reporting and analysis of financial statements. This course is required for all business majors and minors. (3 credits)

 

202 Principles of Managerial Accounting

A continuation of the introduction to accounting with a focus on the use of accounting information by internal decision makers (managerial accounting). Topics include budgeting, cost-volume-profit analysis, standard costing, responsibility accounting and performance evaluation. This course is required for all business majors. Prerequisite: BUAD 201. (3 credits)

 

221 Principles of Management

Introduction to essential principles of management that are necessary for more advanced business study and/or employment in large and small organizations. Major topics include functions of management such as planning and organizing work tasks, coordination and control, foundations of individual and group behavior, motivation, leadership, decision making, change management and communication. Emphasis is on skill development (team and interpersonal). (3 credits)

 

231 Principles of Marketing

Introduction to marketing emphasizing the process of planning and executing the conception, pricing, promotion and distribution of ideas, goods, and services for not-for-profit organizations and business firms. Includes study of end consumer and organizational market needs, marketing research, marketing planning, market segmentation, product development, promotion, advertising, personal selling, publicity, sales promotion, direct marketing and channels of distribution. Occasionally taught in Rome. (3 credits)

 

240 Personal Legal and Financial Literacy

Provides an overview of personal legal and financial knowledge. Topics may include budgeting, investment basics, employee benefit selection, tax return preparation, debt management, legal aspects of housing, buying/leasing an automobile, contract law and negotiation, and dispute resolution. Note: Students can receive credit for this course or BUAD 314 Personal Financial Planning, but not both. BUAD 240 cannot be used to satisfy a BBA major or minor requirement. Prerequisite: Junior or senior standing. Appropriate for non-business majors. (3 credits)

 

241 Personal Ethics and Corporate Culture

After a basic introduction to ethics from both a philosophical and theological view, the course focuses on a systematic analysis and evaluation of business values as well as personal values and goals, ethical climates of corporate cultures, and the moral issues encountered in business practice. The purpose is to develop an ethical framework for future decision making through cases, reading and discussions. Journaling and service learning are used to help students develop inquiry skills so they can learn to “read the signs” in their own lives and future callings in the market and society. (Also listed as JUST 241) (3 credits)

 

249 Survey of American Business

A one-week experiential learning opportunity centering on the American business climate. Through a variety of activities before, during, and after the trip, students will broaden their understanding of diverse business contexts, industries and careers. Office visits may include American and multi-national corporations, private and public companies, exchanges, and federal or state agencies that support or regulate commerce and trade. Note: Offered as a summer travel course immediately following final exam week in May. (1 credit)

 

301 Intermediate Accounting I

Analysis and interpretation of current accounting theory and practice; accounting problems involving cash, receivables, inventories, fixed assets and current liabilities. Prerequisites: BUAD 202; CPSC 102 or 207. (3 credits)

 

302 Intermediate Accounting II

Continuation of BUAD 301; emphasis on accounting concepts and application involving analysis of long-term liabilities and stockholders' equity; preparation of statement of cash flows; correction of errors and accounting changes; accounting for pensions, leases, and deferred taxes. Prerequisite: BUAD 301. (3 credits)

 

303 Cost Accounting

Theory and practice of accounting for costs in different sectors of the economy, especially in manufacturing companies. Study of particular topics includes job order and process costing, cost-volume-profit relationships, variable costing, balanced scorecard, and variance analysis, static and flexible budgets, and relevant costs for decision making. Behavioral issues are also considered. Prerequisite: BUAD 202. (3 credits)

 

304 Personal Income Tax

Study of the federal law as it relates to the taxation of individuals. Topics covered include: income, deductions, gains and losses, and alternative methods of computing tax. Special emphasis on tax planning. (3 credits)

 

305 Accounting for Not-for-Profit Organizations

Accounting for governmental units, colleges and universities, hospitals, voluntary health and welfare organizations, and other non-profit organizations; emphasizing the differences between generally accepted accounting principles for business and non-business enterprises. Prerequisite: BUAD 301. (3 credits)


306 Fraud Examination

Introduction to occupational fraud and abuse. Students will learn how and why occupational fraud is committed, how fraudulent conduct can be detected, and how allegations of fraud should be investigated and resolved. Prerequisite: BUAD 201. (3 credits)

 

312 Principles of Finance

Presents an overview of the field of finance from the perspective of the financial manager and addresses three key issues pertaining to the firm: (1) What investments should the firm make? (2) What type of financing should be used to pay for the investments? (3) How should the daily financial activities be managed to meet cash requirements? The concepts, tools, and techniques presented acquaint students with the financial manager's activities and decision making processes. Prerequisites: BUAD 201; and ECON 251 and 252, or 151. (3 credits)

 

313 Investments

Studies marketable securities such as common stock, bonds and warrants;analysis of the contractual characteristics of these assets, the markets in which they are traded and factors affecting investment decisions. Prerequisite: BUAD 312. (3 credits)

 

314 Personal Financial Planning

Presents an overview of personal financial management from the perspective of a professional financial planner. Students gain an appreciation of the need for comprehensive financial planning and a working knowledge of how to carry it out effectively. Topics include financial statement preparation and analysis, debt management, risk management and insurance, investments, retirement and estate planning, and the duties and responsibilities of a professional financial planner. Prerequisite: BUAD 312 (or concurrently). (3 credits)

 

315 Management of Financial Institutions

Studies the management of financial institutions, with a focus on the asset/liability management theme. Topics include financial markets and interest, interest rate risk management, depository institution management, and regulatory aspects and policy formulation in a rapidly changing environment. Prerequisite: BUAD 312. (3 credits)

 

317 Financial Statement Analysis

Studies a company's financial position and the results of operations by using its financial statements: the balance sheet, income statement, retained earnings statement, and statement of cash flows. Topics include valuation of a firm's equity and debt securities, and evaluation of short-and-long term credit. Prerequisite: BUAD 312. (3 credits)

 

321 Human Resource Management

Introduces students to the principles and theories of human resource management emphasizing the strategic role of human resource managers as partners with line managers. Topics include social, legal and ethical considerations of HR; workforce diversity, EEO, and affirmative action; job analysis and human resource planning; recruitment; selection; training and development; performance appraisal; compensation and benefits; safety and health at work and employee and labor relations. Pre-requisite: BUAD 221. (3 credits)

 

322 Organizational Behavior

The course focuses on human behavior in organizational settings, the organization itself, their intersection and small group processes. Topics include OB across cultures, perception and attribution, personality and individual differences, motivation theories and their application, group dynamics, teams at work, power and politics, organizational processes of communication, decision making, change and conflict and negotiation, organizational culture and organizational design for strategic competency. Pre-requisite: BUAD 221. (3 courses)

 

329 Gender and Race Issues in Management

Highlights challenges faced by persons who are not a part of the dominant culture of management practice, namely, women and persons of non-Euro-American background, in their bid to advance in the managerial hierarchy. Topics in the course include changing nature of the workforce and its implications for management, barriers to the advancement of women in management, gender differences in managerial and communication styles, glass ceiling, career breaks and re-entry in to the workforce, work-life balance and dual career issues, sexual harassment, working with diverse groups including African Americans, Latino Americans, Asian Americans and Arab Americans, and organizational pay-offs of pursuing diversity. Pre-requisite: BUAD 221. (3 credits)

 

331 Advertising and Promotion

Study of the various types of advertising and promotion used in today's society, how the consumer perceives a product, the purposes of a promotional campaign and how an organization determines the type of promotion it will use. Topics include advertising, sales promotion, publicity and direct marketing. Prerequisite: BUAD 231. (3 credits)

 

333 Marketing Research

The role of research in marketing decision-making. Includes marketing problem definition, questionnaire development, sample selection, data analysis, survey methodology, sources of secondary data and presentation of research results. Prerequisite: BUAD 231. (3 credits)

 

334 Buyer Behavior

Basic study of consumer, business and non-profit organization buyers. Emphasis on cultural, social, psychological, and demographic influences on the buying decision process. Development of analytical skills used as basis for other marketing electives. Prerequisite: BUAD 231. (3 credits)

 

341 Statistical Applications

Design of experiment, sampling and probability modeling. Analysis of variance, regression, index numbers, time series and goodness of fit. Emphasis on applications to business and economic decision-making. Prerequisite: MATH 114 with a grade of "C" or better. (Also listed as MATH 241) (3 credits)

 

344 Business Law I

Introduction to legal reasoning and the legal environment of business, including the structure and operation of the judicial process and alternate dispute resolution mechanisms; the laws of contracts and sales, agency, bailments and torts. (3 credits)

 

345 Business Communication

Introduction to essential aspects of written and oral business communication that include interpersonal skills, making oral presentations, effective listening, giving feedback, writing business letters, reports, proposals, memos and emails. The course also examines gender differences and cross-cultural differences in communication. (3 credits)

 

349 Survey of International Business and Economics

Travel to various international locations as part of a summer travel program or from Saint Mary’s Rome campus. Lectures on topics in International Business will be interspersed with field trips to businesses and governmental/ trade organizations. Students may enroll for up to three credits with a major paper required. Students with a concentration in International Business may count this course toward their requirements. Prerequisite: BUAD 221 or 231, or ECON 251 or 252. (2-3 credits)

 

390 Special Topics in Business

The presentation of selected subjects of special relevance not included in regular departmental offerings. Prerequisite: established by the instructor. (1-3 credits)

 

401 Advanced Accounting

Accounting for partnerships, business combinations, consolidated entities, business liquidations and bankruptcy. An overview of the federal regulation of securities transactions. Prerequisite: BUAD 302. (3 credits)

 

402 Auditing

Principles, standards and procedures underlying the audit of financial statements. Topics include the legal aspects of auditing, internal control, preparation of related working papers and the audit report. Prerequisite: BUAD 302. (3 credits)

 

403 Tax Assistance Program

Preparation of federal and state income tax returns for low-income individuals. (Cross-listed with University of Notre Dame, College of Business Administration course ACCT 486-Tax Assistance Program.) Graded: S/U. Prerequisite: BUAD 304. May be repeated for credit. (2 credits)

 

404 Corporate Income Tax

Study of the federal tax law as it relates to the taxation of corporations, partnerships, estates, and trusts. Other advanced topics include emphasis on tax research and tax planning. Prerequisite: BUAD 304. (3 credits)

 

407 International Accounting

An examination of the causes and consequences of the diverse accounting practices of international business and the resultant impact on multinational enterprises; emphasis on currency translation, taxation and reporting. Prerequisite: BUAD 202. (3 credits)

 

408 Culture of Business in the French-Speaking World

This course taught in French offers extensive reading practice in a variety of content areas, such as business, economics, political science and social sciences, and acquaints the students with the culture of business as well as the socio-political climate of French-speaking countries. Students will read and discuss French magazine and newspaper articles, and excerpts from books on issues in the French-speaking world. (Also listed as MLFR 408) (3 credits)

 

415 Financial Strategy with Computer Applications

An integrative course in financial decision making with emphasis on the management of long-term assets and sources of funding. Cases employing spreadsheet financial models are used to blend theory with practice. Prerequisites: CPSC 102, BUAD 312, and senior standing. (3 credits)

 

416 International Financial Management

International aspects of corporate financial management, focusing on financial problems unique to firms doing business overseas. Topics covered include exchange rate determination, exchange exposure, political risk, direct foreign investment, international capital markets, funds management, international banking, and financial trade. Prerequisites: BUAD 312 and MATH 114. (3 credits)

 

422 International Management

Analysis of the global dimensions of management covering such topics as strategy, managing, political risk, communication and motivation in cultural complexities, organizing international operations, negotiations, selection training, repatriation, ethics, women in multinational corporations, and current topics. Team case analysis, projects and exercises are used to introduce a variety of important skills needed in international operations. Prerequisite: BUAD 221. (3 credits)

 

427 Principles of Operations Research

An introduction to operations research—quantitative models used in management decision-making. The course will focus on the models as tools, with computer software used extensively for problem-solving and assignments. Case studies are used. Prerequisites: MATH 114 and BUAD 221. (Also listed as MATH 251) (3 credits)

 

431 Retail

Study of structures and practices of retailing. Emphasis on current and emerging retailing concepts including category stores, cable shopping networks and e-commerce on the Internet. Topics include strategies, merchandise policy, site selection, pricing, and financial control. Prerequisite: BUAD 231.

 

432 International Marketing

Analysis of the functional and environmental differences peculiar to marketing internationally. Emphasis on developing skills of research, cultural sensitivity, analysis, oral and written communication skills with country description and export feasibility projects including international documentation. Prerequisite: BUAD 231. (3 credits)

 

434 Sales Management and Professional Selling

Study of the different opportunities, duties, responsibilities, and ethics relating to sales management and professional selling in organizations. Emphasis will be on developing the knowledge, attitudes, and skills essential in assessing and meeting client needs for effective selling. (3 credits)

 

435 Marketing Management

Study of the marketing management activities of planning, organizing, implementing and controlling the marketing mix with emphasis on small and mid sized businesses through an entrepreneurial project. Prerequisite: BUAD 231 and one upper level marketing course. (3 credits)

 

444 Business Law II

Continuation of the study of the relationship between law and business. Business organizations including securities law, commercial paper, secured transactions, bankruptcy, insurance and trusts. Recommended for students concentrating or majoring in accounting. Prerequisite: BUAD 344. (3 credits)

 

446 Business Policy

An integrative course in top management decision-making with an emphasis on the process of strategic planning. Cases are used to develop analytical, ethical, teamwork and communication skills important in the business environment. Prerequisites: Senior standing, completion of substantially all other major core requirements. Offered fall semester only. (3 credits)

 

447 International Business Law

A study of the laws that impact international trade. Topics include the legal environment of international business; international sales, credits and commercial transactions; and international and U.S. trade law. (3 credits)

 

497 Independent Study

An opportunity for in-depth self-study (with faculty supervision) of a topic in business or economics not otherwise offered by the department. This course will count only as a college free elective and does not fulfill any Business Administration or Economics requirements. Graded: S/U. Prerequisite: senior standing and permission of department chair. (1-3 credits)

 

499 Internship in Business/Economics

Professional work experience with a business or non-profit organization in a specific concentration or major. A student works 8-10 hours per week and makes periodic written reports and oral presentations. The Internship in Business course may not be used to satisfy any major requirements. Graded: S/U. Prerequisite: Senior standing (or spring semester Junior year) and permission of department chair. Open to BUAD, ECON and MIS majors. (1-3 credits)

 

Economics Courses (ECON)

151 Survey of Economics

Provides the non-business major with basic economic concepts along with a wide variety of contemporary economic issues. Topics include demand and supply, unemployment, inflation, monetary and fiscal policies, international trade problems, and reasons for government intervention. This course does not count toward a major in business administration, economics, or MIS and will not substitute for ECON 251 or 252. (3 credits)

 

251 Principles of Macroeconomics

Economic principles relating to the functioning of the aggregate economy, including the fundamentals of national income measurement and determination, money and banking, fiscal and monetary policies and economic growth. (3 credits)

 

252 Principles of Microeconomics

Economic principles relating to the determination of prices and output under competition, monopoly and other market structures. The theory of consumer demand, analysis of the cost structure of the firm, pricing and employment of resources, and distribution of income. (3 credits)

 

351 Intermediate Macroeconomics

National income analysis, principles and problems of income determination, inflation, economic growth and economic stability. Prerequisites: ECON 251, 252. (3 credits)

 

352 Intermediate Microeconomics

Builds upon microeconomic principles to examine various economic issues and uses more sophisticated concepts. Emphasis is on consumer behavior and theory of the firm. Prerequisites: ECON 251, 252. (3 credits)

 

354 Economic Development

Examination of the process of economic growth. Particular attention is given to the problems faced by developing nations and to the alternatives open to these countries. Prerequisites: ECON 251, 252. (3 credits)

 

356 Comparative Economic Systems

Study of the economic systems used to allocate resources in various countries. Attention is focused on capitalism, socialism and the mixed economies of Europe. Prerequisites: ECON 251, 252. (3 credits)

 

357 Public Sector Economics

Analysis of the role of the government in a market economy and the subsequent effects of government intervention on the allocation of resources. Emphasis will be placed on economic policies such as tax reform, provision of public goods and government regulations. Prerequisites: ECON 251, 252.

 

358 Labor Economics

Examination of the demand and supply of labor, human capital theory and income distribution. Issues include poverty and discrimination, migration, gender pay gap, welfare reform and economic effects of unions. Prerequisites: ECON 251, 252. (3 credits)

 

451 History of Economic Thought

Detailed study of the leading economic concepts and schools of economic thought from the Greek philosophers up to and including post-Keynesian developments. Prerequisites: ECON 251, 252. (3 credits)

 

452 International Trade and Finance

Introduction to the pure theory of trade, protectionism, factor mobility, and the foreign exchange market. Income, price, and policy adjustments to balance of payments disequilibria under fixed and flexible exchange rates. Prerequisites: ECON 251, 252. (3 credits)

 

490 Special Topics in Economics

The presentation of selected subjects of special relevance not included in regular departmental offerings. Prerequisite: Established by the instructor. (1-3 credits)

 

495 Senior Economics Seminar

Designed as a senior level, second semester course that applies intermediate level macro- and microeconomic theory to current issues. It also seeks to foster communication skills and to utilize the research methods and techniques acquired in Statistical Applications (BUAD 341). Prerequisites: BUAD 341, ECON 351, 352. (3 credits)

 

497 Independent Study

An opportunity for in-depth self-study (with faculty supervision) of a topic in economics not otherwise offered by the department. This course will count only as a college free elective and does not fulfill any Business Administration or Economics requirements. Graded: S/U. Prerequisite: Senior standing and permission of the department chair. (1-3 credits)