Department Chair: Orhan Kayaalp (Carman Hall, Room 377)
Department Faculty: Professors: John Cirace, Oscar Fisch, Orhan Kayaalp, Chanoch Shreiber; Assistant Professors: Jaspal Chatha, Amod Choudhary, Juan DelaCruz, Judith Fields, Vassilios Gargalas, Mario Gonzalez-Corzo, Susan Honig, Dene Hurley, Michelle Kamen-Friedman, Valerie Larifla; Lecturers: Peter Alexanderson, Kuk-Soo Chung, Deborah Faison, Emine Kayaalp, Anthony Murrell, Ada Rodriguez, Marshall Ross, Sekhem Sembenu, William Swenson, Linda Tauber
The Department offers four undergraduate majors: B.A. in Economics; B.A. in Accounting; B.S. in Accounting; and Bachelor of Business Administration (B.B.A.).
Career Opportunities: The degree programs offered by the Department are designed to equip students with necessary competencies for successful careers in business enterprises, government or non-profit organizations, education, and research.
Preparation for Graduate Study: Students planning graduate study in economics, accounting, business administration, law, or any relevant academic or professional field should contact Departmental advisers.
PROGRAMS
This major provides an understanding of the structures, processes, and trends in the private and public economy and offers academic and technical training in the analysis and handling of economic problems:
Credits (34)
12 in economic analysis: ECO 166, 167, 300, and 301;
6 in quantitative methods: ECO 302, 402;
12 in economics electives: four 300- or 400-level ECO courses selected with guidance from departmental advisers. BBA 305, 324, and 326 may be used to satisfy the economics electives requirement.
4 in mathematics: MAT 174 or 175.
This minor consists of ECO 300, 301, 302, and one additional 300 -and 400-level elective course with ECO prefix. Not open to students majoring in Business Administration or Accounting.
Completion of this major qualifies students for positions in private and public accounting, but does not satisfy the educational requirements for a New York C.P.A. As of September 1, 2009, no college graduates will be permitted to sit for C.P.A. exams in the State of New York unless they have completed 150 credit hours of instruction.
Students enrolled in this major must complete the following credit requirements:
Credits (42):
6 in business economics: BBA 168-169;
30 in accounting: ACC 171-272, 334-335, 342, 348, 439-440, 441, and 442;
6 in business law: BBA 336-337.
In order to earn the B.S. in Accounting, a student must complete a total of 120 credits, 60 of which will be in liberal arts. Seven out of 60 liberal arts credits must be taken in ENW 204 and MAT 174 or 175.
Effective Fall 2009, college C.P.A. programs registered with the New York State Education Department must offer a curriculum consisting of a minimum of 150 credit hours. In line with this change, as of Fall 2009, the Department of Economics, Accounting and Business Administration offers, in addition to the B.S. in Accounting, an M.S. in Accounting program for those students who choose to take the additional 30 credits toward this graduate degree. However, specific admission requirements are in place to gain admittance to the M.S. in Accounting program. Contact the Department for details.
Professional Credits (60)
6 in business economics: BBA 168-169
33 in accounting: ACC 171, 272, 334-335, 342, 348, 439-440, 441, 442, and 444
6 in law: BBA 336-337
6 in finance: BBA 207 and either BBA 308 or BBA 310
6 in quantitative methods for business: BBA 303-403
3 in any 300- or 400-level ACC, or BBA course
Credits in Other Departments (7)
3 ENW 204
4 MAT 174 or 175
NOTE: In order to maintain matriculation in this major, the enrollees must maintain a minimum cumulative index of 2.7 (B-) in the first four ACC-prefixed courses they have taken. Students failing to attain the minimum cumulative index may count these four courses toward a minor in Accounting, but cannot enroll in any major offered by the Department of Economics, Accounting and Business Administration, except Economics.
The minor in Accounting consists of ACC 272, 334, 335, and one additional 300- or 400-level ACC course. Not open to students majoring in Business Administration.
The B.B.A. program equips students with the necessary managerial skills to function in today's rapidly changing business environment. The program, stressing the place of business organizations in the larger community, prepares its enrollees to meet this challenge by helping them develop appropriate technical, conceptual, and interpersonal competencies. The curriculum also emphasizes the role of non-profit and governmental organizations in societal life. As such, students majoring in this program are introduced to the art and science of planning, organizing, controlling, and leading the physical, financial, human, and informational resources of any and all organizations —private or public, for-profit or not-for-profit, corporate or entrepreneurial.
Departmental Credits (36)
6 in business economics: BBA 168, 169
6 in accounting: ACC 171, 272
6 in quantitative methods for business: BBA 303, 403
9 in management: BBA 204, 405, 407
9 in one area of concentration:
Finance: BBA 207, 308, 310
Marketing: BBA 332, 367, 467
Accounting: ACC 334, 335, 342
Human Resource Management: BBA 327, 328, 329
Business Law: BBA 336, 337, 339
International Business: BBA 324, 432 and 433
Business Economics: BBA 305, 326 and 431.
Students who wish to elect a second concentration should consult with a departmental advisor.
Credits in Other Departments (10)
3 in ethical and legal responsibilities: PHI 330
3 in report writing: ENW 204
4 in mathematical analysis: MAT 174 or 175
NOTE 1: A minor field is also required. This minor should be attained in a department outside the Department of Economics, Accounting and Business Administration.
NOTE 2: In order to maintain matriculation in this major, the enrollees must maintain a minimum cumulative index of 2.7 (B-)in the first four BBA-prefixed courses they have taken. Students failing to attain the minimum cumulative index may count these four courses toward a minor in Business Practice, but cannot enroll in any major offered by the Department of Economics, Accounting and Business Administration, except Economics.
This minor consists of any four courses with a BBA prefix at the 200 level of higher. Not open to students majoring in Accounting or Business Administration. Students majoring in Economics cannot elect BBA 303 under this minor.
This minor consists of BBA 204, 303, 405, and 407. Not open to students majoring in Accounting or Business Administration. Economics majors who wish to take this minor must substitute another 300- or 400-level BBA course for BBA 303.
ECO 166: Introduction to Macroeconomics. 3 hours, 3 credits. A study of macroeconomics—how the economy, as a whole, works.
ECO 167: Introduction to Microeconomics. 3 hours, 3 credits. Microeconomics and price determination: market structures, resource allocation, distribution of income, and partial equilibrium analysis. PREREQ: ECO 166 and 3 credits of college mathematics.
ECO 300: Intermediate Macroeconomics. 3 hours, 3 credits. The components, measurement, and dynamics of the level of national income and employment; empirical and analytical approaches to the problems of controlling economic fluctuations. PREREQ: ECO 166 and 167.
ECO 301: Intermediate Microeconomics. 3 hours, 3 credits. Theory of consumer demand and the firm. Price determination and market structure. Topics covered include utility analysis, production function, and income distribution. Some selected materials on welfare economics are included. PREREQ: ECO 166 and 167.
ECO 302: Economic Statistics. 3 hours, 3 credits. Descriptive statistical methods used in economic analysis: probability distributions; sampling and estimation; confidence intervals; hypothesis testing; correlation and linear regression. PREREQ: ECO 166 and 3 credits of college mathematics.
BBA 305: Consumer Economics. 3 hours, 3 credits. Financial decision-making strategies in education, health, careers, housing, credit, insurance, and investment from the point of view of the consumer and family. PREREQ: BBA 168 and 169 or ECO 166 and 167.
ECO 306: Money and Banking. 3 hours, 3 credits. Monetary and banking principles and practices: credit, commercial banks, the Federal Reserve System; monetary policy and its impact on the economy; and current issues and theories. PREREQ: Either ECO 166 and 167 and one additional 3-credit ECO course or Departmental permission.
ECO 311: Public Economics. 3 hours, 3 credits. Types of market failures and rationales for government intervention in economic activity; theory of public goods; collective choice; cost-benefit analysis; positive and normative aspects of expenditure and taxation policies; the U.S. tax structure. PREREQ: ECO 301 and 306.
ECO 314: Urban Economics. 3 hours, 3 credits. Theories of urban location and space allocation; analysis of urban problems, such as neighborhood decay, poverty, substandard housing, fiscal imbalance, housing segregation, and traffic congestion. PREREQ: ECO 166 and 167.
ECO 316: Economics of Inequality. 3 hours, 3 credits. Economic status of minorities and women in the U.S.; statistical and demographic analysis of inequality. PREREQ: ECO 166 and 167, and ECO 302.
ECO 321: American Economic Development. 3 hours, 3 credits. Economic, social, and political interaction among different sectors; effects of public policy on urban/rural, commercial/industrial, public/private processes. PREREQ: ECO 166 and 167.
ECO 322: Economic Development. 3 hours, 3 credits. Economic development processes of less-developed countries; the role of social institutions and human resources; the effects of rural development, urbanization, and globalization. PREREQ: ECO 166 and 167.
ECO (LAC) 323: Economic Development in Latin America. 3 hours, 3 credits. Examination of major economic trends in Latin American economic development and the impact of North American policy. Special emphasis is placed on Latin American views of economic growth and on foreign intervention in particular areas, such as Brazil, Mexico, Puerto Rico, Cuba, and Chile. PREREQ: Either ECO 166 and 167 and one additional 3-credit ECO course or Departmental permission.
BBA 324: International Economics. 3 hours, 3credits. Theory of international relations: trade, investment, growth, balance of payments, currency values, and policy issues; trade restrictions, common markets, multinational firms, imperialism, and international monetary reform. PREREQ: BBA 168 and 169 or ECO 166 and 167.
BBA 326: Labor Economics. 3 hours, 3credits. History and present status of organized labor force and trade unions; collective bargaining; unemployment and labor income; hours, wage rates, and working conditions; and government regulations of industrial relations. PREREQ: BBA 168 and 169 or ECO 166 and 167.
ECO 331: Industrial Organization. 3 hours, 3 credits. Market structure and organizational performance in theory and practice; discussions of entry conditions and their relation to productivity; analysis of the main antitrust regulations; theories of managerial behavior as a consequence of the separation of ownership and management. PREREQ: ECO 166 and 167.
ECO 338: Law and Economics. 3 hours, 3 credits. Applications of price theoretic reasoning to legal institutions and the legal perspective to economic phenomena. PREREQ: ECO 166 and 167 and either BBA 336 or a POL course chosen from POL 226, 227, 228, 319, 321, or 322.
ECO 385: Independent Study in Economics. 3 credits (may be repeated for a maximum of 6 credits). Individual study and research of a specific topic under the direction of a faculty member. PREREQ: Instructor's permission and ECO 166, 167, and 302.
ECO 400: Development of Economic Thought. 3 hours, 3 credits. The development of economic ideas of the major schools of economic thought, with special reference to the sociophilosophic contexts within which these ideas are embedded. PREREQ: ECO 300 and 301.
ECO 401: Introduction to Mathematical Economics. 3 hours, 3 credits. Mathematical models used in economic science, such as constrained and unconstrained optimization; Lagrangean and Kuhn-Tucker multipliers; linear programming. PREREQ: ECO 301 and 402, and MAT 174.
ECO 402: Econometrics. 3 hours, 3 credits. Methods and problems of simple and multivariable linear regression with emphasis on problems arising in the analysis of economic data; time-series models; problems of multicollinearity, heteroscedasticity and autocorrelation; and functional forms and use of dummy variables. PREREQ: ECO 302.
BBA 431: Managerial Economics. 3 hours, 3 credits. The use of economic tools and concepts in making managerial decisions in such areas as allocation of physical and human resources, project development, and organizational restructuring. PREREQ: BBA 168 and 169, or ECO 166 and 167, and BBA 204.
ECO 450: Economics Seminar. One semester, 3 credits. Selected readings and research. PREREQ: Permission of the Department.
ECO 490: Honors Project in Economics. 3 credits. Supervised individual research and directed reading in selected areas of economics. An honors essay or some other suitable presentation is required. PREREQ: A minimum of 3.2 G.P.A., permission of the instructor, and ECO 402.
ACC 171: Principles of Accounting I. 4 hours, 3 credits. Balance sheets and income statements; the theory of debit and credit; controlling accounts and mercantile transactions.
ACC 185: Introduction to Accounting for Non-Accounting Majors. 3 hours, 3 credits. Study of accounting principles, their application and use in the preparation and interpretation of financial statements; the uses of accounting for management and control. Note: ACC 185 may not be counted for Distribution credit in Study Area III. A student may not receive credit for both ACC 185 and 171.
ACC 272: Principles of Accounting II. 4 hours, 3 credits. Partnership and corporation accounting, the voucher records, and uses of accounting in management. PREREQ: ACC 171.
ACC 334: Intermediate Accounting I. 3 hours, 3 credits. Overview of the accounting process and the theory underlying financial accounting; a detailed study of the balance sheet: assets and liabilities. PREREQ: ACC 272.
ACC 335: Intermediate Accounting II. 3 hours, 3 credits. A study of stockholders' equity, dilutive securities and investments, and a review of special problems: revenue recognition, financial statements analysis, accounting changes, accounting for income taxes, pension plans, leases, and price level changes. PREREQ: ACC 334.
ACC 342: Advanced Accounting. 3 hours, 3 credits. Problems relating to income, fiduciaries, liquidation, branch houses, consolidations, and other special topics. PREREQ: ACC 335.
ACC 343: Analysis of Financial Statements. 3 hours, 3 credits. Types of financial reports and methods of interpretation; evaluation of specific companies and industries; price-level changes, "cash flow" analysis, and funds statements. PREREQ: ACC 342.
ACC 348: Computer-Based Accounting. 4 hours, 3 credits. Acquisition and implementation of information systems for accountants. PREREQ: ACC 272.
ACC 385: Independent Study in Accounting. 3 credits (may be repeated for a maximum of 6 credits). Individual study and research of a specific topic under the direction of a faculty member. PREREQ: Instructor's permission and ACC 334.
ACC 439: Cost Accounting I. 3 hours, 3 credits. Cost accounting, a managerial tool in planning and control; cost systems and methods; process and job order; direct and full costing; the application of standard costs to historical statements and projection of budgets; special costing problems; joint by-products and marketing analysis. PREREQ: ACC 272.
ACC 440: Cost Accounting II. 2 hours, 2 credits. The use of advanced tools in the managerial decision-making process; inventory planning and control, transfer pricing, determinants of profit, capital budgeting; behavioral implications of accounting and budgeting. PREREQ: ACC 439.
ACC 441: Auditing. 4 hours, 4 credits. Auditing theory and practice; the ethics of the accounting profession; procedures for auditing the balance sheet and income statement; special investigations and reports. PREREQ: ACC 342.
ACC 442: Introduction to Federal Taxation. 3 hours, 3 credits. The Internal Revenue Code: regulations, rules, and court decisions as they affect individual and corporate taxpayers. Emphasis on basic tax principles. PREREQ: ACC 335 or Departmental permission.
ACC 444: Advanced Accounting Problems. 3 hours, 3 credits. Application of accounting principles to the solution of advanced problems taken from professional examinations and actual business situations. PREREQ: ACC 342 or Departmental permission.
ACC 447: Financial Accounting Theory. 3 hours, 3 credits. Generally Accepted Accounting Principles (G.A.A.P.)as practiced in the U.S., with emphasis on revenue recognition, asset valuation, financial statement presentation, and disclosure. PREREQ: ACC 335.
ACC 449: Advanced Tax Problems. 3 hours, 3 credits. Internal Revenue Code and various regulations affecting property transactions, corporations, and partnerships. PREREQ: ACC 442.
ACC 490: Honors Project in Accounting. 3 credits. Supervised individual research and directed reading in selected areas of accounting. An honors essay or some other suitable presentation is required. PREREQ: A minimum of 3.2 G.P.A., permission of the instructor, and ACC 348 and 444.
BBA 168: Macroeconomic Foundations of Business. 3 hours, 3 credits. Application of macroeconomics concepts to managerial performance: gross domestic product; consumption and saving; investment and production; economic policy in face of inflation and unemployment; business cycles; money supply; interest rates; globalization; and macroeconomic forecasting.
BBA 169: Microeconomic Foundations of Business. 3 hours, 3 credits. Application of microeconomic concepts to managerial problems: scarcity; choice; supply; demand; production; cost; competition; monopoly; present value; decision-making under risk; game theory; market failures; asymmetric information; and moral hazard. PREREQ: BBA 168 or equivalent, and at least 3 credits of college mathematics.
BBA 204: Principles of Management. 3 hours, 3 credits. An introduction to the theory and practice of planning, organizing, and controlling the physical, financial, and informational resources of an organization, with a special emphasis on motivating and leading the human resource component.
BBA 207: Principles of Finance. 3 hours, 3 credits. Basic concepts of finance. Includes financial environment of the U.S. economy. Basic tools of financial analysis and managerial finance topics.
BBA 303: Business Statistics I. 3 hours, 3 credits. Graphical methods and exploratory business data analysis; the normal distribution and sampling distribution of the mean estimation for means and proportions; and introduction to hypothesis testing for one and two groups. PREREQ: 3 credits of college mathematics.
BBA 308: Corporation Finance. 3 hours, 3 credits. The economic significance of the corporate unit in present-day enterprise; its financial organization and practices; the purpose and procedures of financial reorganization. PREREQ: ACC 171.
BBA 310: Security and Investment Analysis. 3 hours, 3 credits. A perspective on the fields of investments; types of securities, market procedures, security analysis, and the influence of changing economic conditions on security values. PREREQ: BBA 207.
BBA 327: Organizational Behavior and Development. 3 hours, 3 credits. Human behavior in the organizational setting; the interface between human behavior and organizational performance; structures and processes characteristic of organizations themselves; ethical issues emerging in the management of human resources; development of human resources toward the attainment of organizational as well as individual goals. PREREQ: BBA 204.
BBA 328: Human Resource Management. 3 hours, 3 credits. Emphasis of the managerial approach to the employment of human resources; large scale enterprise and managerial goals; economic and social matrix for hiring and developing human resource inputs; and collective bargaining. PREREQ: BBA 204.
BBA 329: Union-Employer Relations. 3 hours, 3 credits. Legal requirements for employers and labor organizations; negotiation and implementation of collective bargaining agreements; relationship between labor law and practice. PREREQ: BBA 204.
BBA 332: Marketing Management. 3 hours, 3 credits. Nature and functions of marketing; consumer motivation and behavior; marketing institutions at the wholesale and retail levels; market research, product planning, pricing policies, sales management, and promotion; and government regulation. PREREQ: BBA 204.
BBA 336: Business Law I. 3 hours, 3 credits. Fundamentals of legal liability; Federal and New York State court systems; the attorney-client relationship; principles of the law of contracts, sales, product liability, and agency.
BBA 337: Business Law II. 3 hours, 3 credits. The law of partnership, corporations, and other business organizations; personal property, secured transactions, and commercial paper as treated under the Uniform Commercial Code; landlord-tenant relationship. PREREQ: BBA 336.
BBA 339: Commercial Transactions. 3 hours, 3 credits. Key topics from the Uniform Commercial Code concerning mercantile transactions: sales and leases; commercial paper; bank deposits, collections, and funds transfers; letters of credit; secured transactions.
BBA 367: Consumer Behavior. 3 hours, 3 credits. Global, regional, and local dimensions of consumer decision-making; impact of motivation, perception, knowledge, attitudes, and information-processing abilities upon the behavior of consumers. PREREQ: BBA 332.
BBA 385: Independent Study in Business Administration. 3 credits (may be repeated for a maximum of 6 credits). Individual study and research of a specific topic under the supervision of a faculty member. PREREQ: Instructor's permission and BBA 405.
BBA 403: Business Statistics II. 3 hours, 3 credits. Full analysis of confidence intervals and hypothesis testing; linear regression and correlation; testing in paired samples; one- and two-way analysis of variance; analysis of regression models; and nonparametric statistics applied to business data. PREREQ: BBA 303.
BBA 405: Management Decision Making. 3 hours, 3 credits. Individual and organizational factors influencing managerial decision making; optimal rules of choice under different decisional environments; heuristic decision making; and selected topics of management science. PREREQ: BBA 204 and either ECO 302 or BBA 303.
BBA 407: Strategic Management. 3 hours, 3 credits. Corporate-level decision-making under different economic conditions, legal institutions, government policies, technological progress, environmental concerns, ethical considerations, and demographic variables. Emphasis on case studies. PREREQ: BBA 204.
BBA 432: International Business Management. 3 hours, 3 credits. Critical issues in managing multinational organizations: international management skills, cross-cultural negotiations, ethical problems, global human resource management, and the structuring of multinational organizations. PREREQ: BBA 204.
BBA 433: Global Marketing. 3 hours, 3 credits. Theory and practice of global marketing and discussion of the specific factors in that environment affecting organizational performance in terms of strategic planning and organizing for global marketing, as well as managerial decisions on global market segmentation, product planning, pricing, distribution, promotion, and operations. Global market research and data analysis are also covered. PREREQ: BBA 204.
BBA 467: Marketing Research. 3 hours, 3 credits. A practical approach to the study of research principles and procedures as an important tool of consumer and industrial marketing decisions. Qualitative as well as quantitative techniques are stressed, and these methods are aligned with the planning, operation, and controlling aspects of marketing management. PREREQ: BBA 303 and BBA 332.
BBA 490: Honors Project in Business Administration. 3 credits. Supervised individual research and directed reading in selected areas of business administration. An honors essay or some other suitable presentation is required. PREREQ: A minimum of 3.2 G.P.A., permission of the instructor, and ECO 402 and BBA 405.