Curriculum & Courses

The Business Department seeks to serve students who are preparing to continue their education in Waldorf’s bachelor degree program with an emphasis track in finance and banking, management, or marketing. Students may also minor in business.

The bachelor’s degree requires completion of 124 credits, a cumulative grade point average of 2.0 and a grade of 'C-' or above in all business core and required courses in the major.

Prefix Number Course Credit
Hours

Business Core Courses

 
BUS 101 Principles of Accounting 4
BUS 102 Managerial Accounting 4
ECO 251 Macroeconomics 3
ECO 252 Microeconomics 3
MTH 110 Quantitative Methods 4
MTH 201 Elementary Statistics 4
CIS 101 Computer Applications I 2
CIS 101A Business Intelligence 1

Students must complete these core courses with a grade point average of 2.8 or higher in order to be accepted into the Waldorf business B.A. program.

     
 

Finance and Banking Track

 
BUS 310 Principles of Management 4
BUS 312 Financial Management 4
BUS 313 Marketing Management 4
BUS 321 Organizational Theory and Behavior 4
BUS 330 Business Communications 3
BUS 340 International Business 3
BUS 410 Business Law 3
BUS 420 Money and Banking 3
BUS 422 Analysis of Financial Statements 4
BUS 426 Insurance/Accounting Systems 4
BUS 433 Senior Seminar in Business 4
    Internship  
     
 

Management Track

 
BUS 310 Principles of Management 4
BUS 312 Financial Management 4
BUS 313 Marketing Management 4
BUS 315 Production and Operations Management 4
BUS 321 Organizational Theory and Behavior 4
BUS 330 Business Communications 3
BUS 340 International Business 3
BUS 344 Consumer Behavior 3
BUS 410 Business Law 3
BUS 412 Human Resources Management 4
BUS 433 Senior Seminar in Business 4
    Internship  

       

Marketing Track

 
BUS 310 Principles of Management 4
BUS 313 Marketing Management 4
BUS 330 Business Communications 3
BUS 340 International Business 3
BUS 344 Consumer Behavior 3
BUS 410 Business Law 3
BUS 415 Marketing Cases 3
BUS 433 Senior Seminar in Business 4
COM 201 Visual Theory 3
COM 204 Introduction to Public Relations 3
Students will choose one of these three courses:
BUS 312 Financial Management 4
BUS  321 Organizational Theory and Behavior 4
COM 422  Public Relations Skills 3
    Internship  
     
 

Business Minor

 
BUS 101 Principles of Accounting 4
BUS 102 Managerial Accounting 4
BUS 131 Introduction to Business 3
Students must choose one of these two courses:
ECO 251 Macroeconomics 3
ECO 252 Microeconomics 3
Students must choose three of these courses:
BUS 310 Principles of Management 4
BUS 312 Financial Management 4
BUS 313 Marketing Management 4
BUS 340 International Business 3
BUS 410 Business Law 3

Suggested Curriculum

Business Core

   

Semester I

English 101, (3 cr.)
Religion 103, (3 cr.)
Computer App I 101, (2 cr.)
Business Intelligence Seminar 101A, (1 cr.)
Introduction to Business 131, (3 cr.)
Critical Inquiry 111, (3 cr.)
Total of 15

Semester II

English 102, (3 cr.)
Artistic Expression 120, (3 cr.)
Psychology 111, (3 cr.)
Statistics 201, (4 cr.)
Wellness 201, (1 cr.)
Elective or Programming Fundamentals 130, (3)
Total of 17

Semester III

Accounting 101, (4 cr.)
Economics 251, (3 cr.)
History Elective, (3 cr.)
Religion Elective, (3 cr.)
Speech 111, (3 cr.)
Total of 16

Semester IV

Accounting 102, (4 cr.)
Economics 252, (3 cr.)
Lab Science, (4 cr.)
Quantitiatve Methods, (4 cr.)
Phy. Ed. Elect., (1 cr.)
Total of 16


Finance and Banking – BA

   

Semester V

Organizational Theory 321, (4 cr.)
International Business 340, (3 cr.)
Business Communications 330, (3 cr.)
Electives, (6 cr.)
Total of 16

Semester VI

Marketing Management 313, (4 cr.)
Insurance/Accounting Systems 426, (4 cr.)
Principles of Management 312, (4 cr.)
Financial Management 312, (4 cr.)
Total of 16

Semester VII

Financial Statements 422, (4 cr.)
Business Law 410, (3 cr.)
Money and Banking 420, (3 cr.)
Electives, (6 cr.)
Total of 16

Semester VIII

Religion/Career Values 435, (4 cr.)
Senior Seminar 433, (4 cr.)
Internship 395, (8 cr.)
Total of 16

Management – BA

   

Semester V

Organizational Theory 321, (4 cr.)
International Business 340, (3 cr.)
Business Communications 330, (3 cr.)
Electives, (6 cr.)
Total of 16

Semester VI

Marketing Management 313, (4 cr.)
Human Resource Management 412, (4 cr.)
Principles of Management 310, (4 cr.)
Financial Management 312, (4 cr.)
Total of 16

Semester VII

Production Management 315, (4 cr.)
Business Law 410, (3 cr.)
Consumer Behavior 344, (3 cr.)
Electives, (6 cr.)
Total of 16

Semester VIII

Religion/Career Values 435, (4 cr.)
Senior Seminar 433, (4 cr.)
Internship 395, (8 cr.)
Total of 16

Marketing – BA

   

Semester V

Visual Theory COM 201, (3 cr.)
International Business 340, (3 cr.)
Business Communications 330, (3 cr.)
Elective, (6 cr.)
Total of 15

Semester VI

Marketing Management 313, (3 cr.)
Principles of Management 310, (4 cr.)
Introduction to Public Relations 204, (3 cr.)
Religion and Career Values 435, (4 cr.)
Total of 15

Semester VII

Consumer Behavior 344, (3 cr.)
Business Law 410, (3 cr.)
BUS 312 or 321 or COM 422, (3-4 cr.)
Electives, (6 cr.)
Total of 15-16

Semester VIII

Marketing Cases 415, (3 cr.)
Senior Seminar 433, (4 cr.)
Internship 395, (8 cr.)
Total of 15

Business Course Descriptions

BUS 101 Principles of Accounting (4 cr.)

This comprehensive first course in accounting emphasizes the accounting principles essential for a sole proprietorship and develops the various journals, ledgers, and financial statements necessary for business organizations.

BUS 102 Managerial Accounting (4 cr.)

Managerial Accounting emphasizes decision making for corporations. The course focuses on reading, analyzing, and interpreting financial statements for a corporation. Included is bond valuation, preparation of Cash Flow Statements, ratio analysis, and cost accounting principles for manufacturing firms. (Prerequisite: BUS 101 or consent of instructor) 

BUS 131 Introduction to Business (3 cr.)

This course provides a survey of American industrial environment. The emphasis given is on functions, processes, and organizational structure. The primary importance is the point of view of the manager or the administrator. 

BUS 310 Principles of Management (4 cr.)

Study of management theory including: organizing, staffing, planning, controlling, line and staff relationships, authority and responsibility, centralization and decentralization, and emphasis on the role of the professional manager.

BUS 312 Financial Management (4 cr.)

Theory of acquisition, allocation, and management of funds within a firm. Focus on capital budgeting strategy, evaluation of corporate capital policies, cost of capital, dividend policy, valuation framework, and sources of long and short-term financing. (Prerequisites: BUS 101 and 102)

BUS 313 Marketing Management (4 cr.)

This course is intended to prepare students to manage the marketing function of an organization. Case method is used to analyze marketing management situations in profit-seeking businesses and not-for-profit enterprises. Cases address market research, product management, pricing strategies, channels of distribution, promotion, and issues in the management of the sales and marketing organization. Each student prepares a marketing plan for a real-world firm or activity.

BUS 315 Production and Operations Management (4 cr.)

This course will survey the operations management functions in manufacturing and service industry firms. An analysis of basic production/operation systems will provide the principles necessary for managing the organization’s productive processes.

BUS 321 Organizational Theory and Behavior (4 cr.)

This course presents an overview of managing human behavior within organizations. Topics that will be covered include individual behavior, social behavior, organizational process, organizational structure and environment, and organizational strategies. (Prerequisite: BUS 310 or consent of instructor)

BUS 330 Business Communications (3 cr.)

Development of critical communication skills used in business. Informational exchanges include talking, listening, writing, and soliciting feedback. Included are organizational as well as interpersonal forms of oral and written communications.

BUS 340 International Business (3 cr.)

Concepts and practices of doing business across national boundaries. Students explore opportunities and risks of producing for and buying in international markets. Topics include multinational enterprise, foreign exchange, trade barriers, cultural variety, industrial relations, less developed countries, global and regional cooperation, ethics, and selected contemporary issues.

BUS 344 Consumer Behavior (3 cr.)

This course will be an overview of the consumer decision process; analyzing the forces of economic demographics, cultural influences, social stratification, reference groups, and family influences of consumer behavior will be covered as well as high and low involvement decision processes.

BUS 395 Business Internship (8 cr.)

A semester of supervised internship in a domestic or international environment tailored to the student’s career interests in either finance and banking, management, or marketing. This course will offer hands-on work experience.

BUS 410 Business Law (3 cr.)

A first course in law for the business practitioner. Topics include U.S. Constitution and the Uniform Commercial Code, crimes and torts, courts and procedures, contracts, sales, business organizations, agency, government regulation, and property. Major themes include legal research, the international legal environment, ethics, and corporate responsibility. The course concludes with a moot court, in which students play the roles of plaintiff, defendant, counsel, clerk of court, judge, and jury.

BUS 412 Human Resources Management (4 cr.)

This course will study the policies, methods, and techniques that professional human resource managers create and implement to increase the effectiveness of the organization. Emphasis will be on leadership and human relation skills. (Prerequisite: BUS 310 or consent of instructor)

BUS 413 Entrepreneurship and Small Business Management (3 cr.)

An advanced management course focusing on independent entrepreneurship, the start-up business, and the management of small businesses. Special emphasis is placed on market, financial, and cash flow analysis as key elements of formal business planning, and the family business. (Prerequisites: BUS 310, 312, 313)

BUS 415 Marketing Cases (3 cr.)

A continuation of the first semester marketing course (BUS 313), Marketing Cases is designed to address issues of market research, pricing strategies, channels of distribution, promotion, and strategies for changing markets within the context of real-world cases. The course concludes with student groups critiquing the marketing plan for an existing good or service and presenting their research. (Prerequisite: BUS 313)

BUS 420 Money and Banking (3 cr.)

This course will cover the role of financial intermediation, the marketplace, the creation of money, and the macroeconomic impact of money supply controls and stabilization policies used by the central bank. Keynesian and classical monetarist approaches to monetary theory will be discussed. (Prerequisite: ECO 251)

BUS 422 Analysis of Financial Statements (4 cr.)

This course concentrates on using financial accounting information for decision making. Emphasis will be on analysis of the Income Statement, Balance Sheet, and Statement of Cash Flows. (Prerequisites: BUS 101, 102)

BUS 426 Insurance/Accounting Systems (4 cr.)

An introduction to the principles and practices of insurable risks of individuals and business. Analysis of insurance instruments used for minimizing income, property, casualty, health, life, disability, and liability risks. Understanding the principles of risk shifting, self insurance, and other risk management techniques will be included. (Prerequisites: BUS 101, 102)

BUS 433 Senior Seminar in Business (4 cr.)

An intensive study of selected topics in the strategic management of an enterprise. Students integrate their learning from previous course work to analyze comprehensive, complex, track-specific cases involving changes in technological, international, and demographic factors. Student teams develop strategic plans and receive feedback in a sophisticated simulation involving a real-world industry. (Prerequisite: Senior status)

BUS 2551 Intercultural Management (3 cr.)

Focuses on the issues, challenges, and opportunities presented by U.S. population diversity. This course helps students gain knowledge in the practical management functions and behaviors necessary to develop global vision and management skills at both a strategic (macro) level and an interpersonal (micro) level. Emphasis is placed on workplace issues related to employee diversity in terms of gender, race/ethnicity, socioeconomic class, and cultural background.

BUS 3651 Leadership (3 cr.)

Reviews important issues relating to leadership. Provides the information necessary to assess leadership styles in both social and work situations, and to use this information when making business decisions within a team based environment. Topics include leadership communication styles, the power of leaders, situational leadership, creativity and leadership, teamwork, motivation, coaching skills, emotional intelligence, and the impact of leaders on organizational decision-making.

BUS 3826 Managerial Decision Making (3 cr.)

This course is designed to provide the student with a fundamental understanding of decision-making in organizations. This course begins with an overview of the foundations of managerial decision making including the process, rational decision making, and the various values associated with decision making. Then, the student will examine the interdisciplinary aspects of managerial decision-making including the psychological and sociological side to making managerial decision. Finally, the student will explore the foundations for making strategic decisions.

BUS 4126 Project Planning (3 cr.)

This course provides the tools to understand, design, and apply systematic project management organization and administration. In addition to learning how to satisfy customer needs, this course will assist students to learn how to apply budgeting concepts, manage production time, invest resources, and create performance specifications designed with defined requirements. The course introduces the methodologies and technologies that can assist project managers coordinate a project from inception through completion.

BUS 4301 International Finance (3 cr.)

This course captures the newfound importance and excitement of international financial management, and highlights the new approaches in this field. It covers the theoretical foundations of international financial decisions, but also contains extensive applications of the theory to financial practice. Because the challenges of operating in an interdependent and competitive global marketplace are constantly changing, providing principles and analytical concepts is far more useful than providing institutional facts and specific advice. The main objective of this course is to help the student develop critical thinking skills regarding the theory and practice of international financial management.

BUS 4350 Collective Bargaining (3 cr.)

This course examines the historical and legal basis for labor relations and collective bargaining in the United States. Changes in the application of labor laws due to court decisions, NLRB rulings, and changes in the environment of union and management relations are covered throughout the course, and include the latest decisions and rulings, as well as analysis of what these changes might mean in the workplace.

BUS 4351 International Economics (3 cr.)

Study and analysis of contemporary topics in international economics involving international trade, international finance and open market macroeconomics, international trade blocks, labor migration, and capital flows including those resulting from operations of multinational firms.

BUS 4426 International Management (3 cr.)

Exposes students to the challenges that confront the managers of organizations and individuals in global settings. Special focus is on dealing with and benefiting from the diversity that exists across international cultures, markets, economics, governments, and organizations. The course provides a general overview of the process and effect of internationalization in contemporary business, along with an introduction to theories, concepts, and skills relevant to managing effectively in today’s global environment.

BUS 4446 International Legal Operations (3 cr.)

This course covers topics essential to understanding international business, from an examination of the role of international and comparative law, to the laws governing multinational enterprises; foreign investment; money and banking; and sales of goods, services, labor, intellectual property, transportation, financing, taxation, and dispute settlement. It describes the most important international organizations, from the Bank of International Settlements to the World Trade Organization, and it examines the important ethical issues of our times with readings and materials.

BUS 4501 International Human Resource Management (3 cr.)

This course examines four broad areas of international human resource management. They are: cross-cultural management; examining human behavior within organizations from an international perspective; comparing and analyzing HRM systems in various countries and regions of the world; and focusing on key aspects of HRM systems in multinational firms. Various positive and negative aspects of expatriates are emphasized.

BUS 4653 International Trade (3 cr.)

This course provides insight into the key factors that influence international trade, and the manner in which economic policy affects trade flows. This course investigates Classical and Mercantilist views of trade and demonstrates how these views evolved into modern theories of trade. The course places an emphasis on the general equilibrium approach to modeling, over the more convenient partial equilibrium approach, to create a more accurate picture of how international trade affects the global welfare of people and events impacting the economy. Relationships between trade and growth, effects of labor and capital movements between countries, and the key factors that influence relative costs between countries are also examined.

BUS 4951 Business Policy and Strategy (3 cr.)

This course provides an overview of strategic management. A practical, integrative model of the strategic-management process is introduced. Basic activities and terms in strategic management are defined. The benefits of strategic management are presented. Important relationships between business ethics and strategic management are discussed. In addition, the readings initiate discussion of three themes that are present throughout the course: global considerations, electronic commerce, and the strategic implications of the natural environment.