A Christian College of the Liberal Arts & Sciences

Department of Business and Economics

view dept. website http://www.houghton.edu/business/

Kenneth J. Bates, chair | Paul D. Young, Associate Dean

585.567.9440 | business@houghton.edu
Overview

Mission: To develop the character and intellect of our students and to equip them with skills to be Christ-like scholar-servants who will steward the resources of for-profit, not-for-profit, and service organizations.

Spreadsheet Competency Requirements: All students majoring in any major of the Department of Business & Economics must meet a spreadsheet competency requirement. Specifically this competency is a prerequisite for certain courses such as ACCT 212 Managerial Accounting, BADM 307, 308 and 309 Statistics, BADM 406 Financial Management, and BADM 481 Business Strategy & Policy.

The ways in which you may document your competency are:

  1. Satisfactory completion of a college-level course (at Houghton College or elsewhere), a major portion of which is in the development of spreadsheet competency.
  2. Satisfactory completion of a non-college level training course in the use of such software which requires at least 8 hours of instruction and is evidenced by a certificate or other written documentation, copies of which must be provided to Houghton College.
  3. Satisfactory completion of the Houghton College competency examination on the use of Microsoft Excel®.
  4. A letter on company letterhead from your employer attesting to your proficiency with Microsoft Excel® or an equivalent spreadsheet application as evaluated by the department faculty.
Faculty
Kenneth J. Bates Robert A. Black Richard A. Halberg Wei Hu
Lois A. Ross
Adjunct/Part-Time Faculty
Akash DesaiJ. Thomas FuocoDaniel C. Minchen
Courses
« Page 1 of 7 »

ACCT 211 Financial Accounting

3-F

Basic theory and practices of financial accounting. Emphasis on the proper recording of business transactions and understanding the effect transactions have on the financial statements of proprietorships, partnerships, and corporations. Includes analysis of key financial statement data.

Prerequisite Courses: BADM 45

ACCT 212 Managerial Accounting

3-S

Basic theories and practices of providing accounting information for use by decision makers within the organization.

Prerequisite Courses: ACCT 211, BADM 45

ACCT 295, 395, 495 Special Topics

1 - 4-WSP

Group study of special topics.

ACCT 311 Intermediate Accounting I

3-F

Intensive study of financial accounting issues including measurement, valuation, and reporting of balance sheet items.

Prerequisite Courses: ACCT 211, ACCT 212

ACCT 312 Intermediate Accounting II

3-S

Extension of ACCT 311, with emphasis on accounting for notes, bonds, pensions, leases, taxes, equity transactions, and on preparation of cash flow statements.

Prerequisite Courses: ACCT 311

ACCT 314 Cost Accounting

3-F13, F15, F17

Evaluation and analysis of an organization’s internal accounting information needs with special emphasis on the manufacturing environment. Topics covered include job order, process, standard, and activity-based cost accounting systems, allocations, budgeting, profit-volume analysis, and behavioral considerations.

Prerequisite Courses: BADM 212

ACCT 315 Auditing

4-F13, F15, F17

Comprehensive introduction to the practices and procedure used by internal auditors and CPAs in their attestation role relative to external financial reporting and the evaluation of internal controls. Emphasis is placed on the legal and ethical requirements of the auditor, including Sarbanes-Oxley. Prerequisite: ACCT 212 or permission.

ACCT 316 Federal Income Tax

4-F14, F16

Introduction to history and development of federal income tax. Study directed principally toward preparation of individual returns under IRS code, but also includes partnership and corporate returns and tax implications of management decisions. Prerequisite: courses listed below or permission.

Prerequisite Courses: ACCT 211, ACCT 212

ACCT 323 Tax Practicum (P/U)

1-S

Supervised preparation of tax returns through the VITA (Voluntary Income Tax Assistance) Program using resources and guidance provided by the Internal Revenue Service (IRS). Prerequisite: ACCT 316 or permission of instructor.

ACCT 418 Advanced Accounting

3-S14, S16

Addresses complex issues in accounting including business combinations, consolidated statements, partnerships, government & not-for-profit organizations, foreign operations, and other current topics in the field.

Prerequisite Courses: ACCT 316

ACCT 421 Internship in Accounting (P/F)

2 - 6-F, S, or Summer

Supervised experience in corporate or public accounting combining the theoretical background of coursework with practical activities in a professional setting.

BADM 102 Personal Finance

2-S

Basic understanding of Christian perspectives toward stewardship, including the management of money & credit, insurance, budgeting, investment, and retirement planning. Elective credit only.

BADM 103 Introduction to Business

2-WSP

Business operation, terminology, practices, and career opportunities. A survey course designed to give those interested in the business discipline an overview of what business is all about. A general survey of the entire field of business and management in the free enterprise system.

BADM 191, 291, 391, 491 Independent Study

1, 2, 3, or 4-

BADM 202 Accounting and Finance for Non-Financial Managers

2-F

An introduction to the accounting and finance concepts most often used by managers including understanding and analysis of financial statements, budgeting, working capital management, and financing alternatives.

BADM 212 Principles of Management

4-F&S

Familiarizes students with the knowledge, roles, responsibilities, and skills required of new managers. Special attention is given to managerial decision-making, problem-solving, information, and human resources issues.

BADM 213 Business Law I

4-F13, F15

An introduction to basic legal environment of business, contracts, sales and leases, and negotiable instruments. Liberal Arts.

BADM 214 Business Law II

4-F14, F16

Basic law covering forms of business organization, agency, bankruptcy, government regulations, and professional liability. Liberal Arts.

BADM 218 Marketing Principles

4-F14

Factors in product development, pricing, distribution, and promotion of consumer and business goods and services.

BADM 220 Advanced Computer Applications

4-WSP

Mastery of programs and processes of selected business computer applications. Develops skills in charting, tracking and setting deadlines using project based software. Students will learn how to organize large volumes of data in a manner that facilitates access, reporting, and summarizing to support business decisions.

BADM 295, 395, 495 Special Topics

1, 2, 3, or 4-WSP

Group study of special topics.

BADM 301 Business Communication

2-F&S

A study of communication theory and principles as applied to business writing and oral communication. Community: Communication. Liberal Arts.

BADM 302 Investment Management

4-S

A study of stocks, bonds, mutual funds, commodities, real estate, investment analysis, and portfolio theory. Prerequisite: courses listed below or permission.

Prerequisite Courses: ACCT 211, ACCT 212

BADM 303 Entrepreneurship

2-F

A study of entrepreneurship identifying an industry niche and the basics of starting and running a small business. Special emphasis given to business plan development.

BADM 307 Statistics I

2-F&S

Descriptive statistics: Measures of central tendency and variability, skewness, frequency distributions, graphing, discrete and continuous probability functions, and sampling. Liberal Arts.

Prerequisite Courses: BADM 45

BADM 308 Statistics II

2-F&S

BADM 308 Statistics II (2, F&S) Inferential statistics: Sampling distributions, estimation, hypothesis testing, t-tests, ANOVA, Chi-Squared, correlation, and regression. Prerequisite: BADM/PSY 307 or equivalent by placement test. Quantitative Literacy Competency. Does not meet Creation Requirement. Liberal Arts.

BADM 309 Statistics

3-May

BADM 309 Statistics (3, M) Descriptive and inferential statistics: Measures of central tendency and variability, discrete and continuous probability functions, sampling, estimation, hypothesis testing, correlation, regression, Chi Squared, ANOVA. (Also listed in PSY) Quantitative Literacy Competency: Quantitative Literacy Competency. Does not meet Creation Requirement. Liberal Arts.

Prerequisite Courses: BADM 45

BADM 313 International Business

2-S14, S16

An examination of the variations in business management and practices in developed and less developed countries around the world. Prerequisites: courses listed below or permission.

Prerequisite Courses: BADM 212 , ECON 210

BADM 314 Human Resources Management

4-F

The historical development of human resources management, its context and scope, along with an in-depth coverage of such topics as planning, recruiting, selection, training, supervising, motivation, compensation, benefits, performance appraisals, discipline, and leadership. Prerequisite: BADM 212 or permission.

BADM 317 Management Information Systems

4-S13, S15

Design, maintenance, monitoring of information systems. Includes systems and audit concepts.

Prerequisite Courses: ACCT 211, ACCT 212 , BADM 45

BADM 319 Marketing Research

2-S

Study of the techniques used in collection and analysis of secondary and primary data and use of that format for decision-making in marketing environment. Student teams work on real business marketing research projects.

Prerequisite Courses: BADM 218

BADM 320 Leadership Development

4-S14, S16

A study of the principles of leadership found in biblical leaders, throughout history, and in our own lives. Designed as an interdisciplinary course, specifically to help guide personal understanding both of leadership responsibilities and leadership abilities. It is not intended only for individuals who aspire to positions of leadership or just for those who think they have what are normally considered “leadership” abilities. Intended for anyone seeking to understand how to better be able to influence others for good, regardless of their profession, position, gifts, or calling.

BADM 324 Advertising and Public Relations Principles

4-S14, F14

An overview of the theory behind both related practices including the development, management and implementation of creative communication initiatives and campaigns. The course focuses first on advertising and then on public relations and concentrates on understanding their shared and unique roles in the important area of public communication.

Prerequisite Courses: BADM 218 , BADM 319

BADM 330 Operations Management

4-S14, S16

Management of processes or systems that create goods or provide services. Includes the basics of forecasting, capacity planning, scheduling, inventory management, total quality management, and supply chain management. Prerequisites: Must have satisfied the Quantitative Literacy Competency: Math as well as the courses listed below.

Prerequisite Courses: ACCT 212 , BADM 45

BADM 335 Integrated Marketing Communication Seminar

2-F14, S14

A culminating study of how marketing-communication disciplines coalesce to form powerful branding campaigns in business and not-for-profit organizations. The course examines case studies of various IMC projects and initiatives and analyzes approaches and outcomes.

Prerequisite Courses: BADM 324 , BADM 218 , BADM 319

BADM 340 eCommerce

2-S14, S16

A course designed to give you exposure, understanding, and know-how in the ways the Internet is transforming and facilitating key functions of business. Exploration of the organizations that have succeeded and those that have failed. Understanding the eCommerce strategies companies employ. Covers the technological features that make eCommerce both possible and challenging. Implications in computer science, accounting, marketing, human resources, management, finance, economics, and international business.

BADM 350 Economic Freedom

2-S

A study of the factors which relate to why some economies prosper while others struggle to meet the basic needs of their citizens. Common misconceptions and proposed solutions are explored in an effort to determine how effectively to address poverty around the world. Liberal Arts.

Prerequisite Courses: ECON 201

BADM 406 Financial Management

4-F

Financial analysis, budgeting, working capital management, capital budgeting, sources of financing, cost of capital. Prerequisite: courses listed below or permission.

Prerequisite Courses: ACCT 211, ACCT 212 , ECON 210 , BADM 45

BADM 410 Free Enterprise and Value Creation

0-1-F/S

An advanced course for students focused on entrepreneurship or small business management. Students work collaboratively with faculty in researching, planning, and implementing start-up business opportunities on campus. Sustainable businesses are then operated and managed under the umbrella of Houghton Student Enterprises, an agency of the Department of Business and Economics. By application only. The course may be taken multiple semesters for four credit hours toward graduation and counts as internship credit.

BADM 414 Advanced Human Resources Management

1-4-S

Advanced topics in HR, ethics, change management, workforce planning, talent management, competitive strategy, total rewards, and HR performance metrics. The course is designed to help students catch the excitement of (and respect for) the responsibilities associated with managing the people resources of any organization; to provide the opportunity and structure for advanced personal preparation for entry into the field of human resources management; and to simultaneously prepare students for passing the Society of Human Resources Management Assurance of Learning Assessment Exam. Prerequisite: BADM 314 or permission.

BADM 421 Internship in Business (P/F)

0-6-F, S, or Summer

Supervised experience in a business firm combining practical activities with integrating studies.

BADM 431 Security Analysis & Portfolio Management

.5-1-F&S

An advanced investment course in which students that have excelled in business, economics, and/or accounting courses manage a portion of the Houghton College stock portfolio under faculty supervision. By application only. This course may be taken multiple semesters for a maximum of four (4) credit hours toward graduation.

BADM 45 Spreadsheet Competency

0-

The ways in which you may document your competency are: 1. Satisfactory completion of a college-level course (at Houghton College or elsewhere), a major portion of which is in the development of spreadsheet competency. 2. Satisfactory completion of a non-college level training course in the use of such software which requires at least 8 hours of instruction and is evidenced by a certificate or other written documentation, copies of which must be provided to Houghton College. 3. Satisfactory completion of the Houghton College competency examination on the use of Microsoft Excel®. 4. A letter on company letterhead from your employer attesting to your proficiency with Microsoft Excel® or an equivalent spreadsheet application as evaluated by the department faculty.

BADM 481 Senior Capstone: Business Strategy & Policy

4-S

Integrates social responsibility and ethics with instruction in the strategic planning process. Ethical core values act as guidelines for development of organizational plans. (Seniors only, except by permission.)

Prerequisite Courses: BADM 45

BADM 496 Honors in Business

4-S

ECON 191, 192; 291, 292; 391, 392; 491,492 Independent Study

1, 2, 3, or 4-WSP

Liberal Arts.

Prerequisite Courses: ECON 201

ECON 201 Introduction to Economics

2-F&S

Economic behavior, economic method, and economic systems. Reviews basic concepts of scarcity, opportunity cost, economic efficiency. Explains role of institutions in economic outcomes. Introduces models of production possibilities, demand and supply, and more briefly aggregate demand and supply, and the circular flow. Discusses faith and morality as compared to economic thinking. Introduces ideas about globalization, political economy, economic systems, and financial markets. Prerequisite to all other economics courses. Plus ECON 211-214 or 237 satisfies Community: Economics. Liberal Arts.

ECON 210 Principles of Microeconomics

2-F

Scarcity, economic method, demand and supply, elasticity, consumer and producer theory, models of product market structure, economic institutions, and selected topics on faith integration, economics & ethics, economic systems & perspectives, public economics. Plus ECON 201 meets one Community. Liberal Arts.

Prerequisite Courses: ECON 201

ECON 211 Principles of Macroeconomics

2-S

Circular flow of income and expenditure in a market economy with government, financial, and foreign sectors. Economic method, demand and supply, national income accounting, inflation, unemployment, business cycles, theories of aggregate price and output determination, fiscal and monetary policy, and the government budget. Plus ECON 201 meets one Community. Liberal Arts.

Prerequisite Courses: ECON 201

ECON 212 International Economics

2 -WSP

International trade, international finance, and government policies regarding trade and finance. Why nations trade, protectionist policies, multinationals, financing trade, exchange-rate determination, and international trade and finance in developing nations. Plus ECON 201 satisfies Community: Economics. Liberal Arts.

Prerequisite Courses: ECON 201

ECON 213 American Economic History I: Colonial Era to 1865

2-WSP

History of U.S. economy to the Civil War, with special emphasis on the European background, early settlements, British rule, costs and benefits of the Revolutionary War, economic aspects of the Constitution, the early national period, Northern industrialization versus Southern agriculture for export, slavery, and costs and benefits of the Civil War. Covers economic progress and crises in finance, trade, industry, agriculture, labor markets, land use, law and government. Plus ECON 201 satisfies Community: Economics. Liberal Arts.

Prerequisite Courses: ECON 201

ECON 214 American Economic History II: 1865 to Present

2-WSP

History of U.S. economy after the Civil War, to the present, with special emphasis on industrialization, World Wars I and II, and the Great Depression. Covers economic progress and crises in finance, trade, industry, agriculture, labor markets, and government. Plus ECON 201 satisfies Community: Liberal Arts.

Prerequisite Courses: ECON 201

ECON 237 Comparative Economic Systems

2-F13, F15

Examination of alternative economic systems; compare U.S. economic system with other economies along the capitalist-socialist spectrum; describes the institutional bases for such comparisons. Plus ECON 201 satisfies Community: Economics. Liberal Arts.

Prerequisite Courses: ECON 201

ECON 295, 395, 495 Special Topics

1-4, WSP-

Group study of selected topics. Liberal Arts.

ECON 301 Money, Banking & Financial Markets

3-S

Role of money and financial institutions in a market economy, interest rates, bond markets, money market, yield curve, risk premium, economic principles of bank management, financial regulation, Federal Reserve System and its influence on banking system, money supply, and economy. Liberal Arts.

Prerequisite Courses: ECON 211 , ECON 210

ECON 310 Intermediate Microeconomics

1-WSP

Short introduction to primary models of consumer and producer behavior, especially indifference analysis of budget optimization and isocost-isoquant analysis of production. Prerequisites: ECON 210 and 211. Liberal Arts.

Prerequisite Courses: ECON 211 , ECON 210

ECON 311 Intermediate Macroeconomics

1-WSP

Short introduction to primary models of macroeconomics, especially the IS-LM model, the consumption function, and the investment function. Prerequisites: ECON 210 and 211. Liberal Arts.

Prerequisite Courses: ECON 211 , ECON 210

ECON 315 Economics of Organization and Strategy

2-S15

Theories of the firm with applications to management and business ethics; the firm in competition and in the macro and international environments, with emphasis on adapting to changing environments. Economics of business strategy explores industrial organization and competition, with emphasis on sources of profitability, applications of game theory, and adapting organization to setting. Economics of organization compares forms, purposes, and effectiveness, optimal allocation of decision-making, effective application of incentives. Liberal Arts.

Prerequisite Courses: ECON 211 , ECON 210

ECON 316 Managerial Economics

2-WSP

Theories of the firm especially regarding optimal decision making and decision making under risk with applications to insurance and investment; consumer behavior and forecasting demand; basics of efficient production management, and optimization, personnel economics, and price determination. Liberal Arts.

Prerequisite Courses: ECON 211 , ECON 210

ECON 322 Economic Research Seminar

1, 2, or 3-WSP

Research and writing course for students who wish to pursue further work in economics. Students must have had at least two hours of a previous economics course to take one hour of Seminar, at least 4 hours of previous courses to take 2 hours of seminar, and at least 6 previous hours to take 3 hours of seminar. Topics for study must be approved by instructor. Liberal Arts.

Prerequisite Courses: ECON 201

ECON 350 Economic Freedom

2-S

A study of the factors that relate to why some economies prosper while others struggle to meet the basic needs of their citizens. Common misconceptions and proposed solutions are explored in an effort to determine how effectively to address poverty around the world. Liberal Arts.

Prerequisite Courses: ECON 201

« Page 1 of 7 »