Fall 2008 Undergraduate Academic Program Updates - Undergraduate

Spring 2008

Undergraduate Academic Program Changes

Updated March 4, 2008

The following changes will be in effect for the Fall 2008 Semester. Please contact Undergraduate Programs Academic Advising for additional information or assistance when selecting courses for the fall semester.

Concentrations Information

Expanded Concentration Requirements for Accounting

Financial Analysis
Required: ACC 411; and three from BUS 420, 422, 426, EC 404, 474

Information Systems
Required ACC 440; and three from BUS 440, 441, 442, 443, 444, 449

Internal Auditing
Required: ACC 451; and one from BUS 440, 441, ACC 440; and one from BUS 472, 478, EC 474; and one from COM 342, COM 442, COM 456

Managerial
Required: ACC 420; and three from MIE 435, BUS 472, 474, 475, 478, 479

New Concentration Requirements in Internal Auditing for Accounting Majors

Required: ACC 451 Internal Auditing and
Choose 1 from the following list:
BUS 440 Database Management
BUS 441 Business Data Communications and Networking
ACC 440 Enterprise Resource Planning Systems and

Choose 1 from the following list:
BUS 472 Operations Planning and Control Systems
BUS 478 Business Process Management
EC 474 Economics of Financial Institutions and Markets and

Choose 1 from the following list:
COM 342 Interviewing
COM 442 Communication and Conflict Management
COM 456 Organizational Communication

Expanded Business (BUS) Concentration Course Requirements

Entrepreneurship
Required: MIE 410 and 413; and two of the following: MIE 411, 416, 417, 418 or 419

Finance
Required: BUS 420 and 422; and two of the following: BUS 425, 426, ACC 411, EC 474

Human Resource Management
Required: MIE 438 and MIE 431 or 433 or 434 (no longer offered); and two of the following: MIE 431 or 433, 432, 435, 436

Information Technology-
Choose two from: BUS 440, 441, 442; and choose two from: BUS 440 or 441 or 442, 443, 444, 449, 472

Marketing
Required: BUS 462; and three from the following: BUS 461, 464, 465, 466, 467, 468, 469, 440 or 441

Operations/Supply Chain Management
Required: BUS 478; choose two from BUS 472, 474, 475; and choose one from: BUS 472 or 474 or 475 or 479 or ACC 420

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New Concentration in Entrepreneurship for Business Majors

Required:
MIE 410 Entrepreneurship (Prerequisites: BUS 305, BUS 320, BUS 360, BUS 370)
MIE 413 New Venture Planning
Choose two from the following list:
MIE 411 Managing the Growth Venture
MIE 416 The Legal Dynamics of Entrepreneurship
MIE 417 Business Opportunity Analysis
MIE 418 Social Entrepreneurship Practicum or MIE 419 Entrepreneurship Practicum

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New Degree Information

Bachelor's in Business Management Degree Program Name Change

Starting with the December 2008 graduation, business graduates will earn a Bachelor of Science (B.S.) in Business Administration

Beginning with fall 2008, the current B.S. in Business Management will be renamed to the B.S. in Business Administration. This has been done for two reasons.

First, on July 1, 2006, the former Department of Business Management in the College of Management was reorganized into two departments:

the Department of Business Management (BUS) and
the Department of Management, Innovation and Entrepreneurship (MIE).

Both departments now jointly deliver the current undergraduate major and minor in business. Changing the name of this bachelor's degree program will provide better clarity that both departments, not just the Department of Business Management, jointly administer the degree.

Also, the trend nationally among business schools is to use the title B.S. in Business Administration for undergraduate degrees in business.

New Degree in Economics: B.S. in Economics, Concentraton in Business Economics

The new degree incorporates the following economics courses into the curriculum:
EC 310 Managerial Economics
[New] EC 452 Forecasting for Business and Economics
[New] EC 491 Economics of Business Strategy

The new degree also includes a 24-hour concentration (8 classes):
Required:
MIE 201 Introduction to Business Processes
ACC 200 Introduction to Managerial Accounting
ACC 210 Concepts of Financial Reporting

Financial Economics Elective
Choose 1 from the following list
EC 304 Introduction to Financial Markets and Institutions
EC 404 Money, Financial Markets, and the Economy
EC 474 Economics of Financial Institutions and Markets

International Economics Elective
Choose 1 from the following list
EC 348 Introduction to International Economics
EC 448 International Trade
EC 449 International Finance
EC 470 The Japanese Economy

Business Electives
Choose 3 from the following list
BUS/MIE 305 Legal and Regulatory Environment
BUS 320 Financial Management
MIE 330 Human Resource Management
MIE 335 Organizational Behavior
BUS 360 Marketing Methods
BUS 370 Operations Management

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Course Prefix Changes: from BUS to MIE

Following is a list of BUS courses that will have an MIE prefix starting fall 2008. Students will need to look under MIE on MyPack to register for these classes.
BUS 201 will be MIE 201
BUS 305 will be cross listed as BUS/MIE 305
BUS 330 will be MIE 330
BUS 335 will be MIE 335
BUS 412 will be MIE 412
BUS 413 will be MIE 413
BUS 419 will be MIE 419
BUS 432 will be MIE 432
BUS 434 will be MIE 434
BUS 435 will be MIE 435
BUS 436 will be MIE 436
BUS 438 will be MIE 438
BUS 480 will be MIE 480

All entrepreneurship concentration courses, human resources concentration courses, BUS 201, 335 and 480 will have an MIE prefix starting this fall.

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New Fall 2008 Classes

ACC | BUS | EC | MIE

ACC 451
Internal Auditing
Will count in the Internal Auditing concentration for Accounting
The theory, practice and design of internal audit activitites. Examination of industry standards as a guide to the internal audit field. Evaluation of internal controls, information technology and fraud risks and controls, audit evidence and assurance, communicating audit results and consulting engagements. Emphasis on the professional practice of the discipline of internal auditing.
Prerequisite(s): ACC 210

EC 452
Forecasting for Business and Economics Majors
Will count in the new B.S. Degree in Economics, Concentration in Business Economics
The use of statistical tools to develop forecasts for business and economics. Data collection problems and types of data. Time series approach to forecasting. Use of regressions and surveys for forecasting. Forecast evaluation and presentation of forecasts.
Prerequisite(s): EC 351

EC 491
Economics of Business Strategy
Will count in the new B.S. Degree in Economics, Concentration in Business Economics
Capstone course for students in the business economics concentration. Application of analytical economics to strategic decisions in business. Students will analyze and present case studies of strategic issues.
Corequisite(s): EC 452

BUS 444 (formerly BUS 495X)

Systems Analysis & Design
Will count in the Information Technology/Systems for Accounting and Business

Overview of methodical approaches to developing information systems throughout the systems analysis, design and implementation processes. Topics include SDLC, project management, feasibility studies, requirements analysis, etc.
Prerequisite(s): BUS 340

BUS 461 (formerly BUS 495T)

Services Marketing
Will count in the Marketing concentration for Business

This course focuses on the unique challenges of managing services and delivering quality service to customers. The attraction, retention and building of strong customer relationships through service quality and customer satisfaction is at the heart of the course content.
Prerequisite(s): BUS 360

BUS 467 (formerly BUS 495C)

Product & Brand Management
Will count in the Marketing concentration for Business

Provides an in-depth understanding of marketing planning and implementation involved in product and brand management. The course places emphasis on developing specific marketing strategies to support the creation and launch of new products and to successfully manage existing products and brands.
Prerequisite(s): BUS 360

BUS 468 (formerly BUS 495R)

Marketing Strategy
Will count in the Marketing concentration for Business

This course is designed to build on the core marketing principles you learned in your introductory marketing course and to enhance your understanding of their strategic implications.
Prerequisite(s): BUS 360

BUS 475 (formerly BUS 495K)

Purchasing and Supply Chain Management
Will count in the Operations/Supply Chain concentration for Business and the Managerial concentration for Accounting

This course is designed to help students develop knowledge of basic principles in purchasing and supply management. Students will be able to explain the potential contributions of these efforts of the competitiveness of the firm.
Prerequisite(s): BUS 370

BUS 479 (formerly BUS 495G)

Supply Chain Management Undergraduate Practicum
Will count in the Operations/Supply Chain concentration for Business and the Managerial concentration in Accounting

This course is comprised of a team-based project working on a Supply Chain Resource Consortium (SCRC) partner company's supply chain management issues. These projects vary in scope as are company's supply chain issues and improvement initiatives. Student groups need to provide their own transportation to off-campus sites.
Prerequisite(s): BUS 370

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MIE 410

Entrepreneurship
Will count in the entrepreneurship concentration in Business

Introduction to planning, formation, and management of entrepreneurial ventures. The course is designed for Business and Accounting majors including those entering the Entrepreneurship Concentration.
Prerequisite(s): BUS 305; BUS 320; BUS 360; BUS 370

MIE 413

New Venture Planning
Will count in the entrepreneurship concentration for Business

Developing the business plan for a new venture and the entrepreneurial process of executing the first phases of new venture creation. Topics include idea conception, entrepreneurship, business planning, market research, entrepreneurial opportunities and strategies. Emphasis is placed on high growth business opportunities. The final deliverable is a complete business plan for a high growth venture and formal presentation of the plan to mock investors. Some individual off-campus travel is required.
Prerequisite(s): BUS 305; BUS 320; BUS 360; BUS 370
Corequisite: MIE 410- May take at the same time as MIE 410.

MIE 419

Entrepreneurship Practicum
Will count in the entrepreneurship concentration for Business

Prerequisite(s): BUS 412; BUS 413
Application of entrepreneurship skills and knowledge to plan an entrepreneurial venture envisioned by the student. This course is the capstone course for the Minor in Entrepreneurship. The final deliverable includes an evaluation of the project and a formal presentation that includes a summary of the work completed and the implications of that work each student's project. Some individual off-campus travel is required.

MIE 431 (formerly BUS 495I)

Compensation: Pay Systems
Will count in the Human Resources concentration

Direct compensation philosophy, strategy, and policy. Merit pay, individual, and group incentive plans. Legal, regulatory, economic, and strategic issues affecting direct compensation. Strategies for developing an internally consistent and market competitive pay structure to enhance organizational performance. Pay for international and contingent workers
Prerequisite(s): MIE 330 (formerly BUS 330)

MIE 433 (formerly BUS 495E)

Compensation: Benefits
Will count in the Human Resources concentration

Legally mandated benefits including Social Security, Medicare, Workers' Compensation, and Unemployment Insurance. Discretionary benefits including pensions, health insurance, paid time off, and flexible benefits. Employer benefit policies and their role in total compensation. Attracting, retaining, motivating, and retiring workers. Differences in benefits across industries, occupations, and company size. International variation in the use of employee benefits.
Prerequisite(s): MIE 330 (formerly BUS 330)

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