COURSES
BU101-Introduction to Business
Course Description:
Establishes a foundation for the understanding of contemporary business functional areas of business: management and organization, human resources, marketing,financing,accounting, and information systems. Business ethics and social responsibility,the global business environment and basic FSM business laws/regulations are also covered.
- No. Credit: 3.0
- Prerequisite: ESL 089
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BU260-Fundamentals of Management
Course Description:
Enables the students to develop an understanding of management and organization. The course focuses on important management functions such as planning, organizing, leading and controlling for successful managerial activities. The students will learn how successful managers use organizational resources through organizational functions in order to effectively and efficiently achieve organizational objectives.
- No. Credit: 3.0
- Prerequisite: BU 101
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BU-270 Principles of Marketing
New Course Objectives:
In compliance with the recommendations of the Curriculum Committee to simplify and make concise the course objectives- specifying general (SLOs) and specific objectives (SLOs) and change course outline format To incorporate new trends in business and ever-changing market practices. Example, SLO 1.4 about Internet marketing, customer relationship marketing, and one-to-one marketing To reorganize similar and related concepts into one objective. Example, in Specific Objective #3, the international marketing was segregated from environmental factors; SLOs 8 to 11 were incorporated into just one objective (3.3).
- No. Credit: 3.0
- Prerequisite: BU 101
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BU-250 Principles of Finance
Course Description:
The course will provide the student an in-depth understanding of financial aspects of business such as financial statement analysis, risk and rates of return, time value of money, valuation of bonds and stocks, financial forecasting, working capital policy, credit management, inventory management, short-term financing, and projecting cash flow.
- No. Credit: 3.0
- Prerequisite: BU/MS 101, AC 220
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BU-271 Business Law
Course Description:
Introduces the FSM and the US legal system as it relates to contracts, agency and employment, property, sales, business organization and government regulation. Students are provided an overview of the FSM Constitution and the basic principles of court organization, and a survey of tort law as applied to both the FSM and the U.S.
- No. Credit: 3.0
- Prerequisite: BU 101, AC 131
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EC-220 Principles of Microeconomics
Course Description:
This course provides an introduction to the central concepts of microeconomic analysis and decision-making, such as scarcity, allocation of resources, demand and supply, elasticity and marginal utility. The concepts are then used to explain and analyze market structures, including perfect competition and monopoly. Other topics may include analysis of labor markets, property rights and international economic.
- No. Credit: 3.0
- Prerequisite: BU 101, MS 099, ESL 089
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EC-230 Principles of Macroeconomics
Course Description:
This introductory course in macroeconomics analyses the aggregate economic activity in the national economy and its link with the rest of the world. Emphasis is placed on basic principles involved in the determination of the level of national output, the aggregate price level, money supply, exchange rate, employment and unemployment, inflation, fiscal and the monetary policies. It further provides a broad understanding of economic growth and its implications on the economy.
- No. Credit: 3.0
- Prerequisite: EC 220
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