Business (BUSI)

This is an archived copy of the 2021-2022 catalog. To access the most recent version of the catalog, please visit http://e-catalog.sewanee.edu.

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. Students will focus on the accounting cycle and the preparation of financial statements, including balance sheets, income statements, and statements of cash flows, as well as on the use of financial ratios. A decision-making approach is employed which involves critical evaluation and analysis of information presented. 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. Prerequisite: 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 220     Legal Parameters and Business Decisions  (4)

This course examines legal principles, considerations, and structures affecting managerial decisions. The course initially focuses on the anthropological underpinnings of the legal concepts of “liability”, “limited liability”, and “corporate” form with readings coming from Yuval Harari’s Sapiens: A Brief History of Humankind. With that background in place, the course then examines legal parameters and constraints through corporate, tax, and securities laws impacting managerial decisions in the areas of “choice of entity” (with a focus on sole proprietorships/tax-disregarded entities, partnerships, limited liability companies, and corporations, both “C” and “S”), taxation, management structure, intellectual property, capital infusions, mergers, and acquisitions.

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 320     Tax Theory and the Federal Income Tax  (4)

This course provides students with an understanding of various economic policies and principles underlying the Federal income tax and the tax and jurisprudential theories underpinning that body of law. Those policies and theoretical underpinnings are demonstrated and evidenced through a survey of various Internal Revenue Code provisions, Treasury regulations, and court decisions dealing with the Federal income tax as applied both to individuals and to businesses, both domestic and international.

BUSI 350     Dynamics of International Business in Asia I  (2)

This course examines business trends and business structures in Asian emerging markets. The course initially focuses on the country context, the foundational elements of political, social and economic history by drawing on readings from key economic development texts to set the stage for business context in the selected Asian emerging market countries to be visited. Rapid economic growth in most of Asia during recent decades has seen the emergence of large corporate enterprises which were organized in ways different from companies based in Western countries. This course discusses the evolution of conglomerate enterprises and business networks. It introduces students to examples of corporate organization and management of these enterprises, and elaborates how these structures impact the success of Asian companies. The course will examine the policies and case examples of new start-up business development and entrepreneurship, and how Asian country economies are adapting structures to shape an innovation economy. The course will also explore business practices in South and Southeast Asia, providing students with an understanding of business culture, protocol, and business customs. Prerequisite: Open only to students admitted to the Carey Fellows program..

BUSI 351     Dynamics of International Business in Asia II  (2)

This course examines business trends and business structures in Asian emerging markets through field applications of cross-cultural travel and business interviews. Rapid economic growth in most of Asia during recent decades has seen the emergence of large corporate enterprises which were organized in ways different from companies based in Western countries. This field applications course discusses the evolution of conglomerate enterprises and business networks through first-hand study and consultation with business and government leaders. It introduces students to examples of corporate organization and management of these enterprises, and elaborates how these structures impact the success of Asian companies. The course will examine the policies and case examples of new start-up business development and entrepreneurship, and how countries are adapting structures to shape an innovation economy. The faculty-led travel /study-away course will also explore business practices in South and Southeast Asia, providing students with a first-hand understanding of business culture, protocol, and business customs. Prerequisite: Open only to students admitted to the Carey Fellows program..

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 or senior standing.

BUSI 442     Internship  (2 to 8)

Prerequisite: Approved Internship Plan.

BUSI 444     Independent Study  (2 or 4)

Supervised research for selected students. This course may be repeated for credit when the topic differs. Prerequisite: Instructor prerequisite override required.