Business Administration Minor

<< Business Administration, B.S.

Minor in Business Administration
The minor in Business Administration is open to all university students and is designed to provide individuals with both a theoretical and practical understanding of operating a business. Students will acquire proficiency in basic skills including technology usage, economics, mathematics, communications and international perspectives. Through this unique business program, Eastern students students will develop both a theoretical and pragmatic understanding of how businesses operate as successful competitive organizations

Students who wish to minor in Business Administration must complete a minimum of 18 credit hours including 2 required courses, 2 area specific courses and 3 advanced elective courses listed below.

Business Administration Minor Requirements
I. Prerequisite Course Credits
ECO 201 Principles of Microeconomics 3
II. One Required Course (3 cr.) Credits
ACC 201 Principles of Accounting I 3
III. Two General Business Courses (6 cr.) Credits
These Courses Must be drawn from (2) different areas of business
BUS/FIN 245 Business Finance
BUS 201 Principals of Management
BUS 225 Principals of Marketing
BUS 260 Operations Management
IV. Three Business Electives (9 cr.) Credits
Any 300 level or above business courses selected according to the student’s paricular interest. Students may take all their business elective credits in one functional area for a career focus.
ACC 201 – Principles Of Accounting I

An introduction to the fundamental accounting concepts and generally accepted accounting principles. Emphasis is placed on understanding accounting as it is applied in serving the needs of business and society, the evolution of accounting, the basic accounting structure, and the preparation and interpretation of financial statements.

Prerequisite: None

ECO 201 – Principles of Microeconomics

Study of individuals and firms as economic decision-makers, the social institutions that influence choice, and introduces economic way of thinking. Course emphasizes the use of microeconomics theory to analyze its role and applications in our daily lives including current issues such as the distribution of income, labor issues, international trade, the role of government, welfare economics, and the environment.

Prerequisite: LAC-T1SS

BUS 225 – Principles of Marketing

An introduction to the field of marketing. This course is designed to expose students to the elements of the marketing mix and processes involved in market planning and control. Concepts associated with buyer behavior, marketing information systems and product planning are discussed.

Prerequisite: ENG 100, 100P, 200, or HON 200

BUS 245 – Business Finance

Basic financial concepts of risk and return, time value of money, criteria for investment decisions, financial markets and securities, financing decisions, forecasting, asset management and dividend policy.

Prerequisite: ACC 201 and MAT 101 or Equivalent

BUS 260 – Operations Management

Fundamentals of production planning and control, quality control and facilities management. Focuses on management systems for greater competitiveness in manufacturing and the service sector.

Prerequisite: MAT 216 Or Equivalent Statistical Course

BUS 201 – Principles of Management

This course provides and introduction to the foundations of management. Instruction emphasizes the history of management; the practical use of theories, frameworks and models; integrating functional areas of business; and other special topics including: corporate culture, ethics, social responsibility, entrepreneurship; and international, public, and nonprofit management.

Prerequisite: ENG 100, 100P, 200, or HON 200