QC Economics

All Business Courses Courses

BUS105: Economic Foundations
3 credits

Economic principles and relationships that serve as the foundation for many of the valuation tools used in finance. The first half of the course develops the microeconomics behind classic valuation theory, equilibrium pricing, and decisionmaking under uncertainty. The second half covers topics in international macroeconomics including interest rate determination and monetary policy, foreign exchange rates, money and banking, and international capital flows and financial crises.
Prerequisites: Mathematics 131, 141, or 151

BUS160W: Introduction to Business Writing
3 hr., 3 credits

Study of the role of communication as a variable defining, organizing, mediating, and affecting the outcomes of interactions within organization environments. Introduction to and mastery of basic oral formats and non-verbal communication techniques likely to be useful as a participant in corporate organizations. Some sections of this course will be limited to students enrolled in the Business and Liberal Arts minor and some sections of this course will be limited to students admitted to the major in business administration.

BUS241: Corporation Finance
3 lec., 1 lab. hr.; 3 credits

An analysis of the major funds flows of the firm. Development of the principles for determining specific assets a firm should acquire, as well as the least-cost methods of financing those assets. Topics considered include the management of cash, inventories, receivables, and fixed assets; alternative sources of available funds, including short-, intermediate-, and long-term sources of financing; the cost of capital; optimum capital structure; and corporate dividend policy.
Prerequisites: Economics 102

BUS243: Economics of Distribution and Marketing
3 credits

Functions, structure, and cost of the system of distribution of goods and services. Emphasizes the dynamic character of marketing and the major problems encountered at every stage of the distribution process. Merchandising and sales promotional activities, price policies, selection of channels of distribution.
Prerequisites: Economics 102; BUS160W

BUS247: Business Economics
3 credits

The application of economic principles to the problems of business decision making. Topics considered include decisions under risk and uncertainty; economic forecasting; estimation of demand and cost functions; price strategy under monopoly, oligopoly, and competition; diversification and conglomeration; and productivity analysis in worker and executive compensation.
Prerequisites: Economics 102; English 110

BUS250: Financial Statement Analysis for Non-accountants
3 credits

This course is designed for non-accountants who want to learn financial statement analysis. The student will be exposed to the various analytical approaches in evaluating a company’s balance sheet, income statement, and statement of cash flows. The course covers key ratios in ascertaining a business entity’s liquidity, solvency, profitability, asset utilization, return on investment, earning potential, and risk. The knowledge gained will allow for more informative credit, investment, business and audit decisions. (Not open to accounting majors.)
Prerequisites: Accounting 201

BUS255: International Accounting for Non-accountants
3 credits

The course is designed for non-accountants such as those majoring in business administration. The course emphasizes the international business context of international accounting and financial decision making. We discuss the accounting and reporting for multinational companies, current international accounting issues facing the business world, comparative international analysis, international segment reporting, and other related topics.
Prerequisites: Accounting 102

BUS341W: Intermediate Finance
3 credits

Covers the five most important problems of modern finance at a level beyond Economics 241. These are: the relationship between risk and returns, as expressed in the Capital Asset Pricing Model and Arbitrage Pricing Theory; the valuation of debt and equity instruments; the cost of capital and optimal capital structure; capital budgeting; and dividend policy.
Prerequisites: Business 241, Business 160W, and Economics 249 or permission of the instructor; English 110

BUS344: Marketing Research (formerly ECON344)
3 credits

A study of the nature of scientific research methods applied to the solution of marketing problems. Emphasis on planning projects and formulating the problem; methods of gathering data, including applications of sampling; interpreting data; and presentation of the results. Some attention is given to a discussion of the essential features of the applied areas of motivation research, advertising research, product research, and sales research.
Prerequisites: ECON 243 and 249

BUS350: Investment Analysis
3 credits

An analysis of the types of securities available in the market covering both individual and institutional portfolio analyses and management. Considers the formulation of appropriate portfolio investment objectives, techniques for achieving them, and institutional, legal, and other constraints on portfolio strategies. Impacts of macro- and micro-economic activity on portfolio performance, and measures of performance are discussed.
Prerequisites: Business 241 or permission of instructor; ECON249 or equivalent, and English 110

BUS351: Financial Markets
3 credits

Survey of the United States and international money and capital markets. Emphasis is on modern institutions and practices. The course also considers the analytics and consequences of recent trading techniques.
Prerequisites: Business 241 or permission of instructor and MATH131 or equivalent

BUS352: Investment Management
3 credits

This course provides a detailed examination of portfolio management. Topics include: definition and measurement of risk, market efficiency, testing for inefficiencies, components and determinants of trading costs, mechanics of creating and managing a portfolio and investment philosophies.
Prerequisites: Business 350

BUS353: Options and Futures Markets
3 credits

The economic role of options and futures markets is examined. Specific topics include: determinants of forward and futures prices, option valuation using binominal trees and Monte Carlo simulation, implied binominal trees, relation between puts and calls, uses of options in investment strategies, hedging techniques, exotic options, applications to corporate securities and other financial instruments.
Prerequisites: Business 241 and Economics 249

BUS354: Multinational Financial Management
3 credits

This course studies the various issues impacting multinational corporations and their international financial management. The course deals with the significance of a country’s balance of payments deficits and surpluses; the markets for foreign exchange; exchange rate determination and volatility; methods to deal with currency fluctuations; currency bloc such as the European Monetary Union; the decision-making process concerning location and financing of production and investments; methods of assessing country risk; international taxation issues.
Prerequisites: Business 241

BUS355: Topics in International Business and Finance
3 credits

This capstone course is designed to develop the student’s skill in systematically analyzing and presenting solutions to various problems presented in the case studies in international business, bringing to bear the theory and information learned in previous course. The student will write 4 or 5 “briefing papers” during the semester. Topics vary from semester to semester and include topics such as assessing barriers to trade, risk management in foreign investment, a plan for a feasibility study of setting up an plant abroad, developing a marketing plan for foreign country, problems in evaluating foreign companies for purchase or business partner, evaluating and hedging of currency risks, and assessing political and economic policy risks.
Prerequisites: Economics 328 and 326

BUS383W: Seminar in Selected Studies in Business
3 credits

Subject varies with the instructor and the semester. May be repeated for credit provided the topic is not the same.
Prerequisites: Economics 101 and Economics 102; English 110

BUS384: Forecasting and Regression Analysis for Business
3 credits

A survey of macroeconomic and microeconomic forecasting techniques. Emphasis will be placed on multiple regression analysis and the application of regression techniques to problems in finance and economics.
Prerequisites: Economics 249 or equivalent

BUS385: CFA Workshop
1 credits

Course is intended to prepare students for the Level I CFA exam.
Prerequisites: Senior standing and completion of/co-registration with finance courses

BUS386: Financial Econometrics
3 hr., 3 credits

The course will introduce students to methods of empirical analysis of financial markets. It will cover modern statistical and econometric techniques necessary for both professional and academic quantitative research in finance. Particular emphasis will be placed on measuring risk of holding and trading financial assets. Topics include: autoregressive and moving average models, ARCH, GARCH, analysis of high frequency intraday financial data.
Prerequisites: ECON 382 or BUS 384; and MATH 241 or permission by the instructor.

BUS391: Special Problems
391.1-391.3, 1-3 hr.; 1-3 credits

Recommended for students of high standing who want to do special individual research in business under the guidance of an instructor. (A student may receive credit only once for courses in the 391.1-391.3 series.)
Prerequisites: Permission of department; English 110

BUS391W: Special Problems
391.1-391.3, 1-3 hr.; 1-3 credits

Recommended for students of high standing who want to do special individual research in business under the guidance of an instructor. (A student may receive credit only once for courses in the 391.1-391.3 series.)
Prerequisites: Permission of department; English 110

BUS392W: Honors Seminar
3 hr 2 credits

This class is required for High Honors Students in Finance and International Business. Class size is limited to 20. The course will cover use of data sources, literature searches, analysis of data, presentation and interpretation of research results, and the process of writing and revision.
Prerequisites: Bus 341W, 350, 351 (for Finance majors) OR ECO 328, 326 and 355W (for International Business Majors) and ECO 382 or BUS 384 and permission of the department

BUS393: Internship for Business Administration
3 credits

This course gives economics majors the opportunity to do a supervised internship in an appropriate corporate, not-for-profit, research organization, small business or governmental organization. Internships are subject to the approval of the Internship Director, and approval must be sought a minimum of one month prior to the internship. The internship should be a minimum of 8 hours per week for 15 weeks. Students must meet periodically during the internship with the Internship Director. The student must write a report on his or her internship. While the Department will endeavor to find an appropriate internship, often in the not-for-profit sector, students may also locate a potential internship and submit it to the Internship Director for approval.
Prerequisites: Completion of 60 credits including Eco 101 and 102, Accounting 101 and 102 and two other required courses in the BBA program