Charles W. and Eloise T. Else School of Management

The Kelly Gene Cook, Sr. Chair of Business Administration
The Hyman F. McCarty, Jr. Chair of Business Administration
The J. Army Brown Chair of Business Administration
The Selby and Richard D. McRae Chair of Business Administration

• Professors:
  • Jesse D. Beeler, Ph.D., C.P.A.
  • W. Randy Boxx, Ph.D., Dean
  • Carl G. Brooking, Ph.D.
  • David H. Culpepper, Ph.D., C.P.A., C.V.A
  • M. Ray Grubbs, Ph.D.
  • Walter P. Neely, Ph.D., C.F.A.
  • John D. Pilgrim, Ph.D.
• Associate Professors:
  • Ajay K. Aggarwal, Ph.D.
  • Kimberly G. Burke, Ph.D., C.P.A.
  • Raymond A. Phelps, D.B.A.
  • Penelope J. Prenshaw, Ph.D.
  • Patrick A. Taylor, Ph.D.
  • Susan W. Taylor, Ph.D.
• Assistant Professors:
  • Tammy Y. Arthur, Ph.D.
  • Diane F. Baker, Ph.D.
  • Bill M. Brister, Ph.D.
  • M. Blakely Fox, Ph.D.
  • Boty McDonald, J.D.
  • Kevin P. Pauli, Ph.D.
• Instructor:
  • Sanford D. Warren, M.B.A., C.P.A., C.Q.A.

The Else School of Management offers undergraduate degree programs which lead to the BBA degree with majors in accounting or in business administration, and a program which leads to BA, BS, or BLS degrees with a major in economics. The Else School also offers two graduate degrees: Master of Business Administration (MBA) and Master of Accountancy (MAcc). The MBA degree can be completed in one year beyond the bachelors degree for students who have completed the BBA program at Millsaps, or any other AACSB accredited institution, and non-business students who complete the Major Plus program. The Master of Accountancy generally requires one additional year of study beyond the BBA for students who have majored in accounting and wish to complete the educational requirements to take the C.P.A. examination. For details of the MBA, Major Plus, and MAcc, see other sections of this catalog and other college publications. The business programs offered by the Else School of Management, Millsaps College, are accredited by the AACSB/The International Association for Management Education.

Bachelor of Business Administration (BBA)

Educational Goals: The curriculum of the Bachelor of Business Administration degree (BBA) is designed to provide an educational base for a lifetime of learning to enable each student to realize his or her potential. To accomplish this mission, educational goals have been identified to develop in each student: 1) a management outlook toward organizations and the ability to work with others to accomplish common goals; 2) the ability to organize information for analysis and decision making; 3) an understanding of the standards of professional behavior which are consistent with ethical precepts; 4) an awareness of the attributes necessary to attain positions of leadership; 5) an understanding of innovation and the importance of agents of change in society; 6) a global perspective; and 7) an understanding of the changing societal, political, legal, and cultural environments that organizations face.

Degree Requirements: Students major in either accounting or business administration to earn a BBA degree. The BBA academic program is a three-year, integrated body of study. Since the program is integrated, the courses are sequenced so that each course is taught with the assumption that the students in the class have a common academic background. To insure educational diversity, at least fifty percent (usually 64 or more semester hours) must be non-business courses. Up to 9 semester hours of economics courses may be considered as nonbusiness courses.

Foundation Prerequisites: Students pursuing the BBA degree must complete Survey of Calculus (Math 1210) or Analytical Geometry and Calculus I (Math 1220), or higher level mathematics, preferably during their freshman year. This course will be completed before commencing junior-level courses. Elementary Statistics should be completed prior to the fall semester of the junior year. Sophomore-level BBA core courses will be completed before commencing junior-level BBA courses.

Curriculum: Nine core courses, two of which are one-half semester courses for a total of 32 semester hours, are required of all BBA students in addition to the courses required for the particular major, business administration or accounting. The business administration major includes the BBA core courses plus Business Strategy and 12 semester hours (typically three courses) of Else School electives which totals 48 semester hours. Students planning to complete degree requirements and leave the College at the end of a fall semester must take Management 4000: Business Strategy, in the spring of the preceding academic year. The accounting major includes the BBA core courses and 32 additional semester hours (8 courses) for a total of 64 semester hours. Courses should be taken in the sequence prescribed. The BBA core courses are:

Sophomore Year

Fall Term:

• Principles of Economics (4 sem. hours)
• Principles of Financial Accounting (4 sem. hours)

Spring Term:

• Principles of Managerial Accounting (2 sem. hours)
• Introduction to Management Information Systems (2 sem. hours)

Junior Year

Fall Term:

• Introduction to Management (4 sem. hours)
• Principles of Corporate Finance (4 sem. hours)

Spring Term:

• Operations Management with Computing (4 sem. hours)
• Fundamentals of Marketing (4 sem. hours)

Senior Year

Fall Term:

• The Legal Environment of Business (4 sem. hours)

Requirements for the Business Administration Major: A minimum of 48 semester hours are required to earn the BBA degree in business administration. In addition to the BBA core, students pursuing a major in business administration must complete Business Strategy , to be taken in the senior year, and three Else School elective courses.

Requirements for the Accounting Major: Students pursuing the BBA with a major in accounting must complete a minimum of 64 semester hours, including the BBA core, Intermediate Accounting I and II , Cost Accounting , Federal Taxation of Income , Advanced Financial Accounting , Auditing , Business Law , and Senior Seminar in Accounting.

Requirements for Minor in Business Administration : A student may elect a minor in business administration by completing Principles of Economics, Principles of Financial Accounting, Principles of Management Accounting, Introduction to Management, and any other one of the following Else School courses: Principles of Corporate Finance, Fundamentals of Marketing, or Operations Management with Computing. This is a total of 18 semester hours for the minor in business administration. Minors in accounting are not offered.

Transfer Credit: Students may transfer from other schools and pursue the BBA at the Else School, but at least fifty percent of the BBA course work must be taken at Millsaps. For the administration major, this means at least 24 semester hours of BBA coursework must be completed at Millsaps. For the accounting major, it means 32 semester hours of BBA course work must be completed at Millsaps. Transfer students may receive credit for Principles of Accounting and Principles of Economics if they passed with a grade of "C" or better at their previous institution six hours of Principles of Accounting and Principles of Economics. They must, however, take the four junior-level BBA core courses at Millsaps.

Credit for junior and senior-level courses taken at other four-year colleges will be evaluated on an individual basis by the Else School. For business administration majors, Business Strategy (Mgmt 4000) must be taken at Millsaps; and for accounting majors, at least 12 semester hours in accounting (3 courses) required in the major must be taken at Millsaps. Ordinarily, course work taken more than six years prior to admission or re-admission to the Else School or academic work in which the student receives a grade below "C" must be repeated. The Academic Affairs Committee of the Else School will evaluate extenuating circumstances for exceptions to these standards.

Millsaps students who wish to take BBA courses at the 3000 level or above at an institution other than Millsaps must do so at an AACSB accredited institution and have approval from the Dean of the Else School of Management. All students are required to complete at least fifty percent of their courses at Millsaps.

The Else School offers the Master of Accountancy degree which is designed for students who intend to pursue professional careers in public accounting, business, and the government/non-profit sector. The MAcc fulfills the educational requirements to sit for the CPA examination in states which have adopted the AICPA's 150 credit hour requirement. In general, the MAcc program involves a fifth year of study beyond the accounting major. Students who plan to seek the MAcc degree should pursue the basic accounting major as outlined above. For more details about the MAcc program, see any member of the accounting faculty and other college publications.

The following is a four-year curriculum typical of Millsaps students majoring in business administration. Though this is representative of a B.B.A. student's four-year course of study, there are opportunities for individual variations including second majors and minors depending upon the student's particular interests. By the end of their sophomore year, BBA students will complete Core 1 through 9 as well as the mathematics courses which are the foundations for the BBA curriculum. It should be noted that a BBA student may choose to take more than the minimum of 48 semester hours of Else School courses but at least fifty percent of total semester hours credit must be non-business courses.

• Freshman Year - Topics Course Option
  • Fall Term:
    • Core 1 (LS 1000)
    • Core 2 (Ancient World)
    • Math (Algebra or Precal - Core 8)
    • Fine Arts elective or general elective Total Sem. Hrs. - 16
  • Spring Term:
    • Core 3 (Premodern World)
    • Core 7 (Natural Science)
    • Math (Survey or Cal. I - Core 9)
    • Fine Arts elective or general elective
    • Sem. Hrs. - 16
• Freshman Year - Heritage Option
  • Fall Term:
    • Core 1 (LS 1000)
    • Heritage (8 sem. hrs.)
    • Math (Algebra or Precal - Core 8)
    • Total Sem. Hrs. - 16
  • Spring Term:
    • Math (Survey or Cal. I - Core 9)
    • Heritage (8 sem. hrs.)
    • Computer 1000
    • Total Sem. Hrs. - 16
• Sophomore Year - Topics Course Option
  • Fall Term:
    • Core 4 (Modern World)
    • Principles of Economics (Core 6)
    • Principals of Financial Accounting
    • Elective or Core 7
    • Total Sem. Hrs. - 16
  • Spring Term:
    • Core 5 (Contemporary World)
    • Elementary Statistics (Math 1150)
    • Principals of Mgmt. Accounting(2 hrs.)
    • Intro. Mgmt. Info. Systems ( 2 hrs.)
    • Elective or Core 7
    • Total Sem. Hrs. - 16
• Sophomore Year - Heritage Option
  • Fall Term:
    • Core 7 or Elective
    • Principles of Economics
    • Principles of Financial Accounting
    • Elective
    • Total Sem. Hrs. - 16
  • Spring Term:
    • Core 7 or elective
    • Elementary Statistics (Math 1150)
    • Principles of Mgmt. Accounting( 2 hrs. )
    • Intro. Mgmt Info. Systems(2 hrs)
    • Elective or Core 7
    • Total Sem. Hrs. - 16
• Junior Year
  • Fall Term:
    • Introduction to Management
    • Principles of Corporate Finance
    • General elective
    • General elective
    • Total Sem. Hrs. - 16
  • Spring Term:
    • Fundamentals of Marketing
    • Operations Management
    • General or Else School elective
    • General or Else School elective
    • Total Sem. Hrs. - 16
• Senior Year
  • Fall Term:
    • Legal Environment of Business
    • General or Else School elective
    • General or Else School elective
    • General or Else School elective
    • Total Sem. Hrs. - 16
  • Spring Term:
    • Business Strategy (Core 10)
    • General or Else School elective
    • General or Else School elective
    • General or Else School elective
    • Total Sem. Hrs. - 16

Since the freshman and sophomore year courses are common to both business administration and accounting major BBA students, the following table illustrates a typical curriculum for the junior and senior years for BBA accounting majors. The fifth year of study leading to the Master of Accountancy degree (MAcc) which provides the additional course work necessary to qualify to sit for the CPA exam is described in other college publications.

• Junior Year
  • Fall Term:
    • Introduction to Management
    • Principles of Corporate Finance
    • Intermediate Accounting I
    • General elective
    • Total Sem Hrs. - 16
  • Spring Term:
    • Fundamentals of Marketing
    • Operations Management with Comp.
    • Intermediate Accounting II
    • Federal Taxation of Income
    • Total Sem. Hrs. - 16
• Senior Year
  • Fall Term:
    • Auditing I
    • Cost Accounting I
    • Legal Environment of Business
    • Advanced Financial Accounting
    • Total Sem. Hrs. - 16
  • Spring Term:
    • General elective
    • General elective
    • Senior Seminar (Core 10)
    • Business Law
    • Total Sem. Hrs. - 16

Accounting majors have the option of participating in a 8 semester hour, full-time residency program during the spring semester of the senior year.

The Accounting Residency program allows selected undergraduate students to work full time for a Big 5, regional, or local accounting firm in the spring of their senior year. In the fall, accounting firms interview Millsaps accounting seniors for Spring Residency positions. Selected students work full time, receiving full pay in positions that foster professional growth and maturity.

Economics Major

Requirements for BA or BS degree with Major in Economics: In addition to other stated degree requirements for the BA or BS degrees, the student majoring in economics will complete twenty semester hours in the core economics courses: Principles of Economics (Econ 2000), Intermediate Macroeconomics (Econ 3000), Intermediate Microeconomics (Econ 3010), Econometrics (Econ 3030), Senior Thesis I (Econ 4901) and Senior Thesis II (Econ 4911), and the Senior Seminar in Economics (Econ 4902). In addition, the student must pursue one of three specialized tracks:  Business Ecnomics; Quantitative Economics; or Policy Economics.  Additional economic courses and other courses required of the economics major depend upon the track chosen.  All three tracks require an additional  28 semester hours in order to satisfy their minimum requirements for a total of 48 semester hours.

Requirements for the Business Economics Track: The student choosing this track will take the economics core courses, Introduction to Finance (Fin 3000), one other business economics elective course, and one other economics elective course at the 3000 level or higher. In addition to these economics courses, student pursuing this track will also take either Survey of Calculus (Math 1210) or Calculus I (Math 1220) and Elementary Statistics (Math 1150), Principles of Financial Accounting (Acct 2000), any other Else School course of 3000 or higher level.

Requirements for the Quantitative Economics Track: The student choosing this track will take the economics core courses, Quantitative Economics (Econ 3060), and two other economics electives at the 3000 level or higher. In addition to these economics courses, students pursuing this track will also take Calculus I (Math 1220), and Calculus II (Math 2230), Elementary Statistics (Math 1150), and Linear Algebra (Math 3650).

Requirements for the Policy Economics Track: The student choosing this track will take the economics core courses, any two policy economics elective courses, and one other economics elective course at the 3000 level or higher. In addition to these economics courses, students pursuing this track will also take either Survey of Calculus (Math 1210) or Calculus I (Math 1220), and Elementary Statistics (Math 1150), and any two courses from: Economic Policy Analysis (Econ 2200); Legal Environment of Business (Admin 4000); Introduction to Government (Pol Sci 1000); American Public Policy (Pol Sci 3400); The Great Depression (Hist 3170); US History (Hist 2100); or History of the United States since 1877 (Hist 2110).

Economics Electives: Business Economics Electives: Money and Financial Systems (Econ 3020); Introduction to Finance (Finance 3000); Industrial Organization (Econ 3070).

General Economics Electives:Quantitative Economics (Econ 3060) and History of Economic Thought (Econ 3110).

Policy Economics Electives: Labor Economics (Econ 3120); Health Economics (Econ 3050): International Economics (Econ 3040); and Money and Financial Systems (Econ 3020).

Requirements for a Minor in Economics: A student may elect a minor in conomics with Principles of Economics (Econ 2000), Intermediate Microeconomics (Econ 3010) or Intermediate Macroeconomics (Econ 3000), and any other two ecomonics courses at or above the 3000 level. The economics minors requires a minimum of twelve semester hours. Students pursuing the BBA degree and seeking the economics minor may not apply the three courses beyond Principles of Economics (Econ 2000) to satisfy BBA elective requirements.

Accounting

2000 Principles of Financial Accounting (4 sem. hours). The basic concepts, systems , and terminology of accounting data in decision modern accounting leading to the interpretation making by external users. The course emphasizes understanding of general purpose financial statements. Prerequisite: Sophomore standing.

2002 Principles of Management Accounting (2 sem. hours). A survey of principles of management accounting and controllership principles including: cost behavior, cost-volume-profit analysis, absorption and variable costing methods, budgeting and performance analysis. Prerequisite: Accounting 2000

3000 Intermediate Financial Accounting I (4 sem. hours). A focus on the conceptual framework of financial reporting which emphasizes the accounting model, the rationale underlying generally accepted accounting principles, and the external disclosure consequences of corporate decisions. Prerequisite: Accounting 2000 and 2002. This course is offered during the fall semester.

3010 Intermediate Financial Accounting II (4 sem. hours.). A continuation of Intermediate Financial Accounting with a focus on issues relating to the financial reporting by public corporations, stockholders equity, long-term liabilities, cash flow, and income reporting. Prerequisite: Accounting 3000 . This course is offered during the spring semester.

3020 Cost Accounting I (4 sem. hours). Basic managerial accounting concepts and terminology including development of information to be used by management in planning and controlling activities, understanding cost behavior and cost accumulation systems for manufacturing firms, and the application of textbook concepts to actual organizations. Prerequisite: Accounting 2000 and Accounting 2002. This course is offered during the fall semester.

4000 Federal Taxation of Income (4 sem. hours). This course prepares students to examine the sources of tax law relating to individual taxpayers, and to gain orientation and practical experience in preparing tax forms and meeting filing requirements. Prerequisite: Accounting 2000 and Accounting 2002. This course is offered during the spring semester.

4010 Auditing I (4 sem. hours). This course includes the environment of the auditing sector in business and the role of auditing in society. Topics include the legal and ethical responsibilities of accountants, professional auditing standards, the acquisition,evaluation and documentation of audit evidence and reports on the results of the auditing engagement. Prerequisite:Accounting 3010 . This course is offered during the fall semester.

4020 Advanced Financial Accounting (4 sem. hours). Financial accounting and reporting for selected noncorporate entities, such as partnerships and governmental units, and for multicorporate or "consolidated" business enterprises. Selected accounting topics concerning multinational enterprises will be introduced. Prerequisite: Accounting 3010 . This course is offered during the fall semester.

4030 Accounting Information Systems (4 sem. hours). Exposes students to analysis, design, and evaluation of accounting systems with emphasis on transaction processing and the related internal controls for the major accounting cycles. Also included is development of systems, flowcharting skills and exposure to advanced computerized accounting systems. Prerequisite: Accounting 3010 .

4040 Advanced Taxation (4 sem. hours). A study of the taxation of corporations, partnerships, estates, and trusts. Prerequisite: Accounting 4000 .

4050 Senior Seminar: Contemporary Issues and Global Accounting (4 sem. hours). A seminar course exploring the current accounting environment and the major issues facing the accounting profession. The course also addresses the role accounting plays in the global economy. Includes group projects and oral presentations by students. Prerequisite: Completing of junior-level accounting courses and enrollment in Accounting 4000 and Accounting 4010. This course is offered during the spring semester.

4060 Governmental /Non-Profit Accounting (4 sem. hours). Principles and applications appropriate to Governmental and other non-profit institutions. Emphasis is on budgeting and fund accounting. Prerequisite: Accounting 3010 .

Business Administration

4000 The Legal Environment of Business (4 sem. hours). An introduction to legal systems and the business related provisions of the U. S. Constitution, to the common law of torts and business organizations, to administrative law and procedures, to regulatory programs involving labor, antitrust and securities,and to the impact of foreign and domestic laws on international business. Prerequisite or corequisite: Junior-level BBA core courses. This course is offered during the fall semester.

4020 Business Law (4 sem. hours). Emphasis on common law contracts and Uniform Commercial Code sections dealing with sales, commercial paper and secured transactions. Prerequisite: Business Administration 4000 . (Available to non-accounting majors with permission of instructor.) This course is offered during the spring semester.

Finance

3000 Principles of Corporate Finance (4 sem. hours). This course introduces corporate finance concepts. Emphasis is placed on financial decision-making within the corporation in such areas as capital investment, capital structure, working capital management, and financing the firm. The student is also introduced to bond and stock valuation and to the role of global financial markets including regulatory aspects. Prerequisite: Econ 2000 and Acct 2000. This course is offered during the fall semester.

4000 Advanced Finance (4 sem. hours). An advanced course in corporate finance. Selected topics include working capital management, risk analysis in capital budgeting, financing, mergers and acquisitions, international financial markets, derivative financial instruments, and capital market theory. Cases and projects are used in the course. Prerequisite: Finance 3000 .

4750 Topics in Finance ( 4 sem. hours). Several topics in finance will be considered on a rotational basis. Topics may include international finance, the financing of mergers and acquisitions, investments, speculative markets, international financial management, and the management of business risk. Prerequisite: Finance 3000 or permission of the instructor. Offered occasionally.

4900 Seminar in Portfolio Management (4 sem. hours). An advanced course in portfolio management and investments. The course focuses on management of the General Louis Wilson Fund, the student managed portfolio. Analysis of securities and portfolio management are emphasized in the course. The course requires readings, cases, field trips, projects, student research and presentation. Prerequisite: Finance 3000.

Management

2000 International Business - Latin America (4 sem. hours). This is an intense course that requires students to travel and live in Latin America for at least a two week period. Students are required to assess and understand geographic, environmental, economic, social-cultural, political, and legal factors that impact the business environment of Latin America. The course includes 6 hours of formal classroom instruction at Millsaps College before departure for the region and an additional 38 hours of classroom instruction once in the region. In addition to the classroom instruction the course provides experiential learning opportunities by requiring students to participate in fieldtrips that expose them to the history and culture of the region as well as to various leaders of business, industry, and government.

3000 Introduction to Management (4 sem. hours). Provides an introduction to the arts and sciences of management. Theories of organization structure, communication, and managerial decision making are addressed. Particular emphasis is given to organization behavior. Additionally, a detailed analysis is made of the planning, organizing, leading, and controlling functions. Prerequisite: Junior standing. This course is offered during the fall semester.

4000 Business Strategy (4 sem. hours). Takes a searching look at the major components of strategy from an upper-level management perspective. Using case studies and simulations, this course provides a learning laboratory which integrates the knowledge and skills learned in the core courses of each function. Prerequisite: Admin 4000 and all four junior-level BBA core courses. This course is offered during the spring semester.

4010 International Business (4 sem. hours). Focuses on issues and problems facing managers whose firms do business abroad. The strategic issues, operational practices, and external relations of multinational companies are analyzed through cases that bridge individual functional areas. Prerequisite: Junior-level BBA core courses.

4020 Human Resource Management (4 sem. hours). This course addresses contemporary human resource challenges arising out of the social, economic and governmental environments in which organizations operate. Topics include the changing role of the human resource department in organizations, building and developing a competent workforce, issues in international human resource management, cultural diversity in the work place, the changing nature of labor relations, etc.

4750 Special Topics (4 sem. hours). This is an elective course taken in the student's junior or senior year. It applies many of the concepts and theories learned in the student's first two years of study to the practices of the real estate industry. Offered occasionally.

Management Information Systems

2002 Introduction to Management Information Systems (2 sem. hours). Introduces students to the theory and practice of management information systems with an emphasis upon the strategic use of those principles and techniques. Prerequisite: Computer Science 1000. This course is offered during the spring semester.

3010 Management Information Systems (4 sem. hours). This course focuses on breadth of coverage rather than depth in any particular area. The topics covered include: the strategic role of IT; discussion of MIS specific computer hardware and applications; managing IT-related organizational change; systems development and outsourcing; and the Internet and electronic commerce. Prerequisites: Junior standing or permission of the instructor.

3020 E-Commerce (4 sem. hours). Course will explore the e-Commerce concept in the computer lab with focus on its business processes, opportunities, limitations, issues, and risks. Modules on creating web pages, working with XML, and web programming with Java will be included. Prerequisites: Computer Science 1010 or equivalent and at least junior standing.

3110  Business Networks and the Internet (4 sem. hours). Provides those responsible for technology management, strategic planning, and various aspects of organizational management with an understanding of networking, electronic communications, and the internet. Topics will be covered from the management perspective and will include LAN, WAN, hubs, servers, various systems configurations, and internet technologies with emphasis on implications for management. Prerequisites: MGIS 2002 and junior standing.

Marketing

3000 Fundamentals of Marketing (4 sem. hours). Consideration of pricing, promoting and distributing products and services to satisfy buyers' needs in an ethical and socially responsible manner, with particular attention to the impact of demographic, economic, social, environmental, political, legal, regulatory, and technological forces on domestic and global organizational marketing systems. Prerequisite: Econ 2000 and at least junior standing. This course is offered during the spring semester.

4010 Consumer Behavior (4 sem. hours). This course studies the process involved when individuals or groups select, purchase, use or dispose of products, services, ideas, or experiences to satisfy needs and desires. To consider the scope of consumer behavior, the course stresses the complex and interdependent relationships between marketing stimuli and the day-to-day lives of consumers. Prerequisite: Marketing 3000 .

4020 Marketing Research (4 sem. hours) . The course imparts an understanding of and the skills to apply the methods and techniques required for gathering, recording, and analyzing information for making marketing decisions. Prerequisites: Marketing 3000.

4030 New Product Development (4 sem.hours) .The object of this course is to familiarize the student with applications of relatively recent new product management, planning, and policy techniques. Particular emphasis is placed on creative problem-solving, business analysis for new products, test marketing, and introduction. Prerequisite: Marketing 3000.

4040 Sales Force Management (4 sem.hours) . This course studies the systems necessary for planning, organizing, directing, and controlling the efforts of a sales force; develops the concepts and heuristics to formulate and implement a strategic sales program; explores the body of sales management literature; and considers other topics in sales force management, including external issues. Prerequisite: Marketing 3000.

Quantitative Management

3000 Operations Management with Computing (4 sem. hours). The course addresses tools and techniques that can be used by production and operations managers in the areas of planning, designing, operating and controlling systems. Topics covered include decision making, forecasting, linear programming, aggregate planning, capacity planning, just-in-time systems, material requirements planning, scheduling, project management, waiting lines, and quality assurance. Computer programs are used extensively to process data. Prerequisite: Econ 2000 and Math 1150. This course is offered during the spring semester.

4010 Applications of Artificial Intelligence (4 sem. hours). The course focuses on the basics of expert systems and neural networks with emphasis on developing useful business applications. Expert system shell(s) and neural network development software is used extensively in the course.

4020 Quantitative Management in Spreadsheets ( 4 sem. hours). The course uses spreadsheets as the medium for teaching quantitative management concept. Coverage includes modeling, simulation, forecasting, decision analysis, Markov analysis, and optimization. Computers are used extensively throughout the course.

Special Purpose Course Numbers

4750-4752 Special Topics (1 - 4 sem. hours).

4800-4802 Independent Study (1 - 4 sem. hours).

4850-4852 Internship (1 - 4 sem. hours).

Economics

2000 Principles of Economics (4 sem. hours). An examination of basic micro and macro concepts of economics including the role of economics, supply and demand, price determination, demand and production theory, costs, competition, monopoly, the role of government in the economy, national income determination, the monetary system, and fiscal and monetary policy. Prerequisites: Sophomore standing is required and College Algebra ( or higher level mathematics); Survey of Calculus is recommended. This course is offered during the fall semester.

2200 Economic Policy Issues (4 sem. hours). The course investigates various aspects of public policy regarding economic issues. Both macro and micro policy issues may be considered. Prerequisites: Economics 2000 and sophomore standing. Same as Political Science 2200.

3000 Intermediate Macroeconomic Theory (4 sem. hours). The measurement of and determination of the level of national income and output, aggregate demand and supply, inflation, unemployment, the theory of money and interest rates, the causes of economic cycles, and national economic policy analysis. Prerequisite: Economics 2000 and junior standing.

3010 Intermediate Microeconomic Theory (4 sem. hours). Price and output determination in markets, equilibrium, market intervention, externalities, the theory of value, production and cost theory, resource markets, and welfare and policy implications. Prerequisite: Economics 2000 and junior standing or consent of instructor.

3020 Money and Financial Systems (4 sem. hours). A survey of both the microeconomic and macroeconomic aspects of financial systems, including market structure, behavior, and regulation of commercial banks and other financial intermediaries; the creation of money; central bank organization and monetary control, and policy issues. Prerequisite: Economics 2000 and junior standing.

3030 Econometrics and Applied Statistics (4 sem. hours). A study of the general linear regression model  an the considerations associated with using that technique.  Prerequisite: Economics 2000 ,  Elementary Statistics  or consent of instructor, and junior standing.

3040 International Economics (4 sem. hours). An extension and application of economic theory to international issues with an examination of world money markets, exchange rates, adjustment mechanisms, and issues. Prerequisite: Economics 2000 and junior standing or permission of instructor.

3050 Health Economics (4 sem. hours). This course provides an introduction to the microeconomics of health, health care, and health policy. Its main goals are to apply economic principles to health related issues, to explain the social, political and economic contexts of health care delivery, to explore the changing nature of health care, and to analyze public policy from an economic perspective. Prerequisite: Junior standing and Economics 2000.

3060 Quantitative Methods (4 sem. hours). This course examines analytical and statistical tools useful in economic decision making. Topics will include data collection, data analysis, advanced econometric models, and the communication of quantitative thinking. Additional topics may include constrained optimization and simulations. Prerequisite: Econometrics/Applied Statistics 3030 and Math 1150.

3070 Industrial Organization (4 sem. hours). The course addresses imperfectly competitive markets. Emphasis is on the structure, conduct, performance of and public policy toward markets in which power is concentrated in the hands of a few firms. Prerequisite: Economics 2000 and at least junior standing.

3110 History of Economic Thought (4 sem. hours). Traces the development of economic thought from the classical school to the present time. Prerequisite: Economics 2000 . Offered occasionally.

3120 Labor Economics (4 sem. hours). The course examines the organization, functioning, and outcomes of labor markets. Topics include wage and employment determination, labor market discrimination, the economic impacts of unions, the worker's investment in human capital, and the effects of regulation on firms and workers. Emphasis is placed on the compensation and incentives of workers. Prerequisite: Economics 2000 and Junior standing.

4901 Senior Thesis I (1 sem. hour). Initial preparation of a thesis on an approved topic in Economics that will be used as a part of the comprehensive examination for Economic Majors. Prerequisite: Senior standing, Economics 3000 and Economics 3010.

4902 Senior Seminar in Economics (2 sem. hours). Discussion of selected topics in economics. Prerequisite: Senior standing, Economics 3000 and Economics 3010.

4911 Senior Thesis II (1 sem. hour). Final preparation of a thesis on an approved topic in Economics that will be used as a part of the comprehensive examination for Economic majors. Prerequisite: Senior standing and Economics 4901.

Special Purpose Course Numbers

4750-4752 Special Topics (1 - 4 sem. hours).

4800-4802 Independent Study (1 - 4 sem. hours).

4850-4852 Internship (1 - 4 sem. hours).