Website: Business

An element of the Wm. Polk Carey Pre-business Program, the minor in business is anchored in the belief that a liberal arts education offers the best foundation for a business career. Such an education provides broad understanding of human behavior and institutions, appreciation of global culture and of peoples around the world, and perspectives for developing personal values and ethical standards. It also encourages the sort of creativity and flexibility of mind that business leadership demands.

Carey Fellows

Students who intend to declare a business minor can apply for the Carey Fellows program in one of two ways: 1) as incoming first-year students, or 2) during the Advent (fall) semester of their sophomore year. The designation of Carey Fellow brings with it both a mark of distinction and additional requirements designed to prepare fellows for leadership positions in business and finance. The business minor and the pre-business program are also supported, with practical benefits as well as intellectually stimulating offerings, by The Babson Center for Global Commerce.

Carey Fellows are required to maintain a 3.33 GPA. In addition to completing course requirements for the minor, Carey Fellows must complete a semester-long internship off campus in their junior year, attend a Sewanee summer school session, complete two proseminar courses in their junior year and senior year and attend a specified number of Babson Center for Global Commerce events.

Internship Requirement

With assistance from the director of the Babson Center for Global Commerce, Fellows must secure and complete a semester-long internship off-campus during their junior year. Each Carey Fellow must register for an eight semester hour internship (BUSI 442) and the first proseminar course (BUSI 352) during the internship term.  Carey Fellows will then be considered enrolled as full-time, degree-seeking students during the period of the internship.

Proseminar Course Requirement

During their junior year and senior year, Fellows must complete two proseminar courses (BUSI 352 and BUSI 353) designed to complement their internship experience. Each seminar includes reading on topics such as business history or philosophical perspectives on capitalism.

The proseminars also draw on academic work within the business minor to enhance spreadsheet modeling skills, writing skills, and speaking skills. One full course (four semester hours of credit) will be awarded for completion of each seminar.

Associate Professor: Theyson

Instructor: Shipps

The minor in business requires students to take courses in economics, accounting, finance, and business ethics and to elect specified courses from the disciplines of economics, psychology, political science, and computer science. In choosing elective courses, students must select one of three tracks: managerial, international, or finance. The Managerial track is for students who wish to concentrate their electives in courses directly relevant to the management of complex business organizations. The International track is for students who have a particular interest in international business. The Finance track is designed for students wishing to acquire a comprehensive grounding in modern finance. Corporate Finance (ECON 360), Investments (ECON 361), and Financial Derivatives (ECON 362) cover all topics on the Chartered Financial Analysts (C.F.A.) exam and will be of special interest to students contemplating careers in finance or those who plan to take the C.F.A. exam.

Requirements for the Minor in Business

The minor requires successful completion of the following:

Course Requirements
BUSI 215Fundamentals of Financial Accounting4
ECON 101Introduction to Microeconomics4
ECON 360Corporate Finance 14
PHIL 232Business Ethics4
or PHIL 205 Freedom, Justice, and Commerce
Select two additional approved electives identified under a common track (below) 28
Total Semester Hours24

Managerial Track

BUSI 216Fundamentals of Managerial Accounting4
BUSI 217Introduction to Marketing4
BUSI 250Organizational Management and Theory4
BUSI 400Strategic Management4
CSCI 284Database Design with Web Applications4
CSCI 290Data Mining4
ECON 304Labor Economics4
ECON 315Industrial Organization and Public Policy4
ECON 341Game Theory4
ECON 348Social Entrepreneurship4
ECON 355Managerial Economics4
FORS 319Natural Resource Management and Decisions4
HIST 121Consumer Culture and Its Discontents, 17th - 20th Centuries4
PSYC 203Social Psychology4
PSYC 206Industrial-Organizational Psychology4
PSYC 208Cognitive Psychology4

International Track

BUSI 217Introduction to Marketing4
ECON 310Economic Development4
ECON 343International Trade4
ECON 344International Finance4
ECON 345Economic Development in China4
POLS 366International Political Economy4
POLS 402Topics in Political Economy4

Finance Track

ECON 361Investments4
ECON 362Financial Derivatives4

Business Courses

BUSI 215     Fundamentals of Financial Accounting  (4)

The instructional objective is to provide students with an understanding of the concepts that are fundamental to the use of accounting. A decision-making approach is employed which involves critical evaluation and analysis of information presented. Important analytical tools are integrated throughout the course.

BUSI 216     Fundamentals of Managerial Accounting  (4)

The course focuses on the internal use of accounting information in the formulation of management decisions. Students learn how financial systems can add value to a company. Different costing systems, budgetary planning, and incremental analysis are among the course contents. A field trip is included. Prerequisite: ACCT 215 or BUSI 215.

BUSI 217     Introduction to Marketing  (4)

This course introduces students to the business of marketing both conceptually and as a profession. Study and activities include understanding the strategic marketing process, planning and research, launching new products, distribution, promotion and pricing. While studying and examining contemporary online and offline marketing methods, we will also analyze landmark marketing case studies to understand how key decisions impact outcomes and influence consumer purchasing behavior. Prerequisite: BUSI 215 or ECON 360.

BUSI 250     Organizational Management and Theory  (4)

This course examines the functions of management, planning, organizing, leading and controlling with an emphasis on the application of management theories and concepts to achieve organizational goals. Students are introduced to frameworks for understanding organizations to improve their effectiveness as a team member, manager, or leader. Topics include purposes, structure, bureaucracy, decision-making, communication, and power and control in organizations.

BUSI 352     Proseminar I  (4)

Designed to complement the student's internship experience, this seminar features a selected topic involving the study of business and markets such as business history or philosophical perspectives on capitalism. The seminar includes instruction designed to help students develop practical business skills. Open only to Carey Fellows. Prerequisite: ECON 101.

BUSI 353     Proseminar II  (4)

A continuation of proseminar I. Open only to Carey Fellows. Prerequisite: ECON 101 and BUSI 352.

BUSI 385     Special Topics  (2 or 4)

A selection of topics are explored depending on interest. This course may be repeated once for credit when the topic differs.

BUSI 400     Strategic Management  (4)

This course provides the rationale and development of strategies, policies and systems as managerial means to pursue organizational purposes and goals. Through a variety of methods, including case studies, current event analysis, group projects and an individual writing assignment students improve their skills of critical thinking, analysis, and decision-making. Prerequisite: ECON 101, ECON 360, BUSI 215, and Junior Standing.

BUSI 442     Internship  (2 to 8)

Prerequisite: Approved Internship Plan.