Twelve hours of the above requirements must be upper level courses from NWU. Students must achieve a minimum grade of C-.
Business majors must also complete a departmentally approved math course (college algebra or above), COMM 003 Introduction to Professional and Academic Communication, and demonstrate computer spreadsheet proficiency by completing or testing out of BUS 103 Spreadsheet Applications or taking a computer science course (CS 10 or higher).
General Education Requirements (39-45 hours)
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Requirement
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Hours
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English and Communication
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6-9
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Developing Foundations
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8-9
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Global Perspectives
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6-8
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Western Intellectual and Religious Traditions
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3
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U.S. Culture and Society
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6
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Fine Arts
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3
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Scientific Inquiry
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7
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Supporting Program (24 hours)
The 24 hours of support courses should consist of 12 hours in each of two supporting areas or departments. Acceptable courses must count toward a major or minor. (At least 12 hours of supporting program coursework must be completed at NWU).
BUS 001 Accounting 1 (3 hours)
This is an introduction to the basic accounting model and the framework for developing financial statements. The major focus is on the study of generally accepted accounting principles as they apply to the measurement of income and the presentation of a firm's financial position.
BUS 002 Accounting 2 (3 hours)
The role of accounting in the formation and capitalization of corporations is studied. Other topics include cash flow, analysis and interpretation of financial statements, and basic managerial accounting.
Prerequisite(s): BUS 001.
BUS 010 Macroeconomics (3 hours)
An examination of the macroeconomic theories, problems, and policies of the U.S. economy. Topics include supply and demand, a description of the main sectors of the economy, and the role of government in stabilizing the economy with monetary and fiscal policies.
BUS 011 Microeconomics (3 hours)
An examination of the microeconomic theories, problems, and policies of the U.S. economy. Topics include the theory of the firm, market structures, and current economic issues such as income distribution, antitrust policy, poverty, the farm problem, and international trade.
Prerequisite(s): BUS 010 strongly recommended.
BUS 105 Management (3 hours)
Students examine the process of achieving organizational goals by working with people and other organizational resources. Students explore the history of management and the environment in which managers operate. Classroom discussion focuses on the basic managerial functions of planning, organizing, leading, and controlling.
BUS 106 Statistics for Business (3 hours)
An introduction to descriptive and inferential statistics. Topics include gathering, organizing, interpreting, and presenting data with emphasis on hypothesis testing as a method for decision making in the fields of business and economics. Procedures examined include z-tests, t-tests, ANOVAs, correlation, and simple regression.
Prerequisite(s): Demonstrated proficiency in high school algebra or permission of the instructor.
Pre or corequisite(s): BUS 103 Spreadsheet Applications.
BUS 107 Marketing (3 hours)
Students examine the role of marketing in society with an introduction to the fundamentals of strategic marketing planning and the development of the marketing mix. Topics include buyer behavior, market segmentation, distribution, pricing policies, communication strategies, and product development.
BUS 240 Finance (3 hours)
Students are introduced to financial management of proprietorships, partnerships, and corporations. Concepts of risk and return, time value of money, and stock and bond valuation are analyzed from a quantitative approach and applied throughout the course. Additional topics covered are the cost of capital as related to discounted cash flow, capital budgeting, and strategic financing decisions. A project consisting of several spreadsheet applications will be utilized in order to expose students to their potential for financial analysis. Topics covered include: basic financial statements, financial ratio analysis, time value of money, valuation and rates of return, the cost of capital, and capital budgeting.
Prerequisite(s): BUS 002, BUS 010, junior standing, and MATH 010 or higher, or permission of the instructor.
BUS 251 Business Law 1 (3 hours)
A study of the general principles of law as they apply to daily transactions and a consideration of such subjects as contracts, bailments, negotiable instruments, and personal and real property. This is the required business law course for the Business major.
Prerequisite(s): Junior standing or permission of the instructor.
BUS 280 Business Strategy (3 hours)
This course integrates all prior accounting, business, and economics courses as final preparation for the student's entry into the business world or graduate studies. Case studies and computer simulations are utilized to enable students to gain an understanding of business operations and the application of business principles.
Prerequisite(s): Senior standing Business student, and BUS 001, BUS 002, BUS 011, BUS 103, BUS 105, and BUS 107, or permission of the instructor.
BUS 152 Money and Banking (3 hours)
A study of the nature and function of money, monetary theory and policy, and financial institutions; and a survey of the historical developments that have affected the U.S. monetary system.
Prerequisite(s): BUS 010.
BUS 260 Operations Management (3 hours)
In this course students examine the organization's production function - planning and controlling the transformation of resources into goods and services. Using both a strategic and an operational perspective, this course includes discussions and applications in both the manufacturing and service sectors. Topics include forecasting, production processing, resource allocation, critical path analysis, inventory control techniques, and total quality management.
Prerequisite(s): BUS 105 and BUS 106.
BUS 265 Behavior in Organizations (3 hours)
This course provides a conceptual framework for understanding behavior within the organization. Students explore behavior at the individual, group, and organizational levels. Units of analysis include personality, leadership, conflict, motivation, power, and politics.
Prerequisite(s): BUS 105.
BUS 270 Human Resources/Personnel (3 hours)
An in-depth study of current policies and problems in human resource management. Subjects include human resource planning, recruiting, selection, training, management development, compensation, discipline, labor relations, equal employment opportunity laws/regulations, and human resource management policies.
Prerequisite(s): Junior standing or permission of the instructor.
COMM 003 Introduction to Professional and Academic Communication (3 hours)
This course focuses on introducing, developing, and refining the communication skills necessary for success in professional and academic arenas. The types of professional and academic writing students will undertake will include business and technical writing (e.g., memos, letters, reports); academic writing (e.g. research papers, position papers, response papers); and electronically mediated communication (e.g. email, telephone). All writing projects will emphasize the processes of drafting, revising, and editing. While the course will focus principally on honing written communication skills, students will also engage in individual and collaborative oral communication projects. Additionally the course will introduce information and strategies that will help working adult learners to succeed in college.
Offered in the Adult Undergraduate program only.
BUS 103 Spreadsheet Applications (1 hour)
This course is an introduction to spreadsheet applications for business, economics, and accounting. Emphasis will be placed on spreadsheet basics such as creating, organizing, and linking worksheets; editing and formatting cells; entering data; creating simple formulas; using simple functions (e.g., average, sum, fill, etc.); and with the Excel Chart Wizard, creating basic graphs. Students will gain a fundamental understanding of spreadsheets and their functionality as preparation for business, economics, and accounting courses.
