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ECB Courses

*ECB101 Principles of Microeconomics (4)
Introduces the discipline; scarcity and comparative economic systems; pricing system within market economy; output and input markets; efficiency and equity of resource allocation in context of Christian teaching. Fulfills core Civic Responsibility theme.

ECB102  Principles of Macroeconomics (4)
Introduces economics of inflation, recession, unemployment, and economic growth. Includes role of Federal Reserve, consequences of budget deficits, effects of international trade on U.S. economy, assessment of current policy. Prerequisite: ECB101.

ECB111 Personal Finance (2)
Equips students from all disciplines to manage personal and family financial life in ways both faithful to biblical principles and financially sound. Course covers practical topics such as managing credit and debt, investing, planning for retirement, taxes, charitable giving, estate planning and insurance. Does not count for any majors, minors, or concentrations in the department. Prerequisite: junior or senior standing. 
ECB117, 118  Principles of Accounting I, II (4, 4)
Considers underlying theory and analytical aspects of accounting as control device and management tool; construction and interpretation of basic financial statements. ECB 117 is a prerequisite for ECB118.

ECB211 Statistics in Business and Economics (4)
Explores basic tools of descriptive and inferential statistics; applies probability theory, estimation, hypothesis testing, and regression techniques to business and economic analysis. 

ECB245 Principles of Management (4)
Studies fundamental concepts of planning, organizing, leading, and controlling in context of individual and organizational behavior; productive and efficient management of human and material resources; role of faith in informing business practices and decision making. Prerequisite: sophomore standing.

ECB247 Financial Management (4)
Develops facility with analytical tools and understanding of business principles necessary to make optimal decisions in management of firm and to provide access to required financial resources. Topics include use of metrics, working capital management, optimal capital structure and capital budgeting. Prerequisite: ECB117

ECB277  Principles of Marketing (4)
Studies modern marketing principles and practices, focusing on basic components of marketing such as consumer behavior, marketing research, product distribution, promotion, and pricing. Examines strategic marketing planning, international marketing, service, and nonprofit

*ECB291/HIS292 International Seminar: Development of Modern China (4)
Summer study and travel program. See departmental information. With COR210 and 211, fulfills core Global Understanding theme.

ECB305 Economic Development (4)
Analyzes developing economies; surveys and critiques various development strategies; agricultural, industrial and trade policies and their effect on economic growth and human welfare. Prerequisite: ECB102.

ECB307 Environmental Economics (4)
Applies microeconomic theory to specific issues in environmental and natural resource economics. Topics include market failure, cost-benefit analysis, assessment of alternative environmental policies, and an introduction to the economics of renewable, non-renewable, and common-pool resources. Prerequisite: ECB101

ECB311 Intermediate Microeconomics (4)
Analyzes individual decision units within the economy (principally households and business firms); product and factor market analysis. Prerequisites: ECB101, MAT134 or equivalent.

ECB313 Econometrics (4)
Explores development, testing, and application of multiple regression models in economic and business analysis and forecasting. Prerequisite: ECB211.

ECB320 Business Law (4)
Examines legal environment and role of courts, administrative agencies, and regulatory authorities in shaping business policies and activities; law of contracts regarding individual's relationships within business community. Prerequisite: junior standing or permission of instructor.

ECB324 Intermediate Macroeconomics (4)
Develops macroeconomic models to analyze problems of inflation and unemployment; surveys and evaluates alternative policy proposals. Current issues stressed. Prerequisites: ECB102, 211 and MAT134 or equivalent.

ECB330  Financial Markets and Institutions (4)
Examines function of financial institutions and markets in economy including roles commercial banks and other financial intermediaries and markets for financial assets play in raising funds and determining security prices. Prerequisite: ECB102.

ECB341 Christian Teaching on the Economy (2)
Studies broad range of historic and contemporary Christian teaching on variety of economic issues. Explores biblical and theological basis for diverse Christian views (e.g., Reformed, Roman Catholic, Anabaptist, evangelical) and relevance of Christian teaching for contemporary policy debates. Prerequisite: ECB102.

ECB346 Human Resource Management (4)
Introduces human resource planning, job analysis and design, recruiting and staffing, training and development, performance appraisal, compensation, organization development, quality of work life, and government regulation in HRM field; develops awareness of personal interests, strengths and limitations, and Christian values relevant to HRM. Prerequisite: ECB245 or permission of instructor.

ECB348 Organizational Behavior (4)
Examination of human behavior in work organizations. Focuses on enhancing individual and organizational performance by understanding perception, personality, motivation, decision making, teams, leadership, organization structure and culture. Involves extensive group work. Prerequisite: Permission of instructor.

*ECB349 Leadership in and of Organizations (4)
Introduces theories, research, and practical models of leadership in organizations. Interactive course exposes students to examples of successful and unsuccessful leaders, leadership in relation to Christianity; explores students’ own leadership abilities. Emphasis given to business organization leaders, though leaders from a variety of fields covered. Fulfills core Civic Responsibility theme. Prerequisite: ECB245 or permission of instructor.

ECB352, 353  Intermediate Accounting I, II (4, 4)
Examines generally accepted accounting principles and underlying theory related to preparation of financial statements; current balance sheet valuation and income determination issues. Prerequisites: ECB118 for ECB352; ECB352 for ECB353.

ECB361 Forensic Accounting (4)
Covers important topics associated with modern forensic and investigative accounting, using students' accounting and analytical skills. Topics include fraud auditing, litigation support, valuation, and other key forensic topics. The objectives include understanding the principles and practices used by public accountants, internal auditors, and others to examine financial and related information. Prerequisites: ECB443 or permission of instructor

ECB362 Cost Accounting (4)
Examines accounting problems related to determination of cost of goods and services in manufacturing or service organization; cost behavior, job order and process cost systems, budgeting, and standard costing. Prerequisites: ECB101, 118.

ECB364 Federal Income Taxation (4)
Surveys basic provisions of federal income tax law as it affects both individuals and businesses; stresses federal tax policy and tax planning. Prerequisite: ECB118.

ECB366 International Economics (4)
Studies causes and consequences of trade between nations; trade restrictions; policy implications in developed and developing countries. Examines structure of international monetary system; balance of payments, foreign exchange markets, and international capital flows. Prerequisite: ECB101, 102.

ECB369 International Capitalisms: Asia, U.S. and Europe (2)

Though internationally oriented, institutions and practices of capitalism differ across advanced industrial nations. How do these differences matter? What policies best promote prosperity in already-rich nations, given their interdependence? Considers nature of economic growth, international repercussions, competitiveness; highlights recent Japanese/U.S. experience. Prerequisite: ECB102. Offered periodically.

ECB371 Selected Topics (2 or 4)
Explores theoretical or applied topic not regularly taught. Designated as repeatable; students may enroll more than once if topic changes. Prerequisites set by instructor.

ECB372 Investment Analysis (4)
Introduction to investment in financial assets including fixed income securities, common stock and derivative securities, with emphasis on development of investment objectives, security valuation and portfolio management. Prerequisite: ECB247 or permission of instructor.

ECB374  Small Business Management (4)

Considers marketing and management aspects of small business; startup issues including financing, budgeting, marketing, advertising, pricing, and staffing. Social entrepreneurship and Christian business principles explored. Students prepare a business proposal. Prerequisites: ECB118, 277 or permission of instructor.

ECB381 Independent Study (2 or 4)
Independent semester-long course in topic not available in existing curriculum; provides curricular enrichment. Limited availability subject to faculty workload. May require lab fee. Prerequisites: Minimum cumulative average of 2.75, adequate background to support topic, permission of instructor, advisor, department chair, and registrar.

ECB416/POL416 International Political Economy (4)
Examines political aspects of international economic relations; global economy, development of international economic organizations and role of key national and transnational actors (e.g., United States and U.S.-based multinational corporations). Alternative theoretical approaches presented. Prerequisites: junior standing, POL106 and ECB102.

ECB425, 426 Internship I, II (2–4, 2–4)
Combines on-the-job work experience with related academic study. Must be prearranged and approved by instructor and Registrar’s Office. Four credits maximum toward major. Prerequisite: minimum cumulative GPA of 2.50.+

ECB440 International Business (4)
Explores business from comprehensive global view. Examines marketing, management and financial factors managers consider upon entering international markets. Surveys human and cultural problems, organizational structures and issues of social responsibility and ethics surrounding multinational corporations. (Offered periodically.) Prerequisites: ECB118, 245, and 277; or permission of instructor. 

ECB443 Auditing (4)
Examines role of auditing function in society including study of generally accepted auditing standards; the attest function and ethical standards of the profession. Prerequisite: ECB353 or permission of instructor.

ECB467  Advanced Corporate Finance (4)
Advanced investigation of strategic issues in corporate finance including merger/acquisition analysis and firm valuation; bankruptcy and reorganization of firm; optimal capital structure; capital budgeting models incorporating uncertainty; risk management credit policy and bond refunding analysis; and integrative extension of international financial management. Prerequisites: ECB247, ECB330
ECB471, 472  Research I, II (4, 4)
Individual research for senior honors thesis. Prerequisites: senior standing and permission of the department.

ECB491  Senior Seminar: Economic Policy (4)
Explores strengths and limitations of discipline of economics and its assumptions of rational, self-interested behavior. Requires preparation and presentation of research on a current policy issue. Prerequisite: senior standing.

ECB492  Senior Seminar: Management, Strategy and Ethics (4)
Case studies and discussion are used as integrative tools for analyzing strategic issues and ethical considerations in business. Prerequisite: senior standing as an accounting, business or finance major.

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