Business, Economics, and Political Science Department

Dr. S. Clements, Chair

Associate Professors: Dr. S. Clements, Dr. M. Gill

Assistant Professors: Mr. D. Bosch, Ms. E. Walsh

Throughout its history Asbury University has prepared men and women to be thoughtful, literate, productive, and spiritually healthy citizens who engage society through a host of professional, civic, and family endeavors. The faculty of the Department of Business, Economics, and Political Science offer an array of courses and programs that build on a liberal arts foundation and offer pathways to enlightened, responsible involvement in the international arenas of commerce, government, and both for-profit and non-profit organizations.

BUSINESS MANAGEMENT AND ACCOUNTING

The program in Business Management/Accounting at Asbury University provides an opportunity to study the principles of effective business management from the standpoint of the Christian world view. The philosophy of Christian liberal arts education with its breadth of perspective and biblical view of truth is reflected in a distinctly Christian approach to the study of business management. The program makes the biblical principle of stewardship and Christian standards of ethics an integral part of the acquisition of technical knowledge and of the pursuit of excellence in professional skills.

1. The business curriculum includes (1) courses in the functional areas of management, finance, human relations, economics, marketing and (2) courses in the information processing and the quantitative analysis areas of accounting, computer programming and data processing, statistical methods, and management science and operations research.

2. The Department strives to incorporate free market economic concepts and ethical concepts throughout our course offerings.

3. Some of the career opportunities for students of business management include (1) positions with accounting firms; (2) positions with such financial organizations as banks, brokerage firms, insurance companies, and savings and loan associations; (3) positions with all types of industrial and commercial organizations; (4) positions in religious organizations as staff accountants, controllers, treasurers, and in various administrative posts; and (5) positions in government and other not-for-profit organizations such as welfare agencies and hospitals.

4. Asbury requires 124 semester hours for a bachelor's degree with a major in accounting. Students interested in an accounting major should be aware that in many states, the Society of Certified Public Accountants requires 150 credit hours to sit for the CPA exam. Our recommendation is that the student complete the undergraduate accounting major from Asbury and obtain the additional hours needed to sit for the CPA exam in a graduate program such as an MBA or Master of Accountancy. In some cases, students are able to obtain the 150 hours while at Asbury through higher placements in foreign language, summer programs, internships, or some combination of these opportunities.

5. The course of study in business management pursued in the Christian environment of Asbury University offers young people an education which will enhance and enrich their personal lives and prepare them (1) for Christian service to society, (2) for effective performance in their profession, and (3) success in advanced study at the graduate level.

ECONOMICS

The department offers students a minor in Economics by completion of 27 credit hours (please see below for options regarding the required course). Economics is an extension of moral philosophy that examines proper tools for use in allocating scarce resources and making decisions using cost-benefit analysis that encompasses all stakeholders involved in the process. The courses offered emphasize the institutional aspects of a civil society that attempts to maximize payouts and the welfare of its citizens. The courses integrate aspects of other disciplines, thus providing students a comprehensive and holistic approach to the current issues that societies face. The biblical foundations of stewardship, efficiency, and justice are integrated into the most cutting-edge theories and applications in order to equip students with the best possible tools that will enable them to understand causes and not treat the symptoms of the problems arising in the marketplace. Those tools apply from micro decisions such as pricing and distribution, to macro-dynamics of inflation, business cycles, and unemployment, and from financial crises to international trade, budget deficits and international currency exchanges & finance. Recent events demonstrate how those interlinked crises can affect our personal, community, and institutional lives. The students who successfully complete the series of the recommended courses will have a very good understanding of how markets work and what they need to do as Christian citizens in an economy where we capture all thoughts and making them obedient to Christ and his kingdom.

POLITICAL SCIENCE

Through the systematic study of politics—the examination and analysis of various regime types, rival political philosophies, and the historical experiences of peoples and nations over time—students equip themselves for many possible roles in society, from law, to government, to work in corporate settings, to positions in non-governmental organizations or cross-national agencies. The baccalaureate program in political science includes a core of courses within the discipline, as well as emphases in international affairs, American politics, or political philosophy. The faculty encourage all majors to engage in internships in government and politics at the local, state, or national levels, and will work to help place students. A minor in political science is also available, and includes the core courses and two additional elective courses.

MAJORS AND MINORS

ACCOUNTING (59-61 hour major + general education and electives)

MAJOR REQUIREMENTS (59-61)

ACC 201, 202 Princ Acct 6

ACC 301, 302 Inter Acct 6

ACC 305 Cost Accounting 3

ACC 307 Prin Fed Tax Acct 3

ACC 361 Mgt Info Sys 3

ACC 402 Basic Auditing 3

BM 211 Princ Management 3

BM 251 App Bus Com 4

BM 321 Business Law I 3

BM 413 Strat Mgt & Ethics 3

BM 451 Princ Finance 3

ECN 272 Intro Microecon 3

ECN 273 Intro Macroecon 3

ECN 325 Stats for Behav Sci 3

ECN 372 Int’l Fin Markets 3

Choose 1 class from: 3

ACC 309 Acct for Non‑Profit

ACC 401 Adv Accounting

ACC 403 Acct Theory

ACC 435 Internship

Choose one Math Option:

MAT 131 Finite Math for Bus 6

MAT 132 Calc for Business

MAT 181 Calculus I 4

BUSINESS MANAGEMENT (56 – 58 hours major + general education and electives)

MAJOR REQUIREMENTS (56-58)

ACC 201 Princ Accounting I 3

ACC 202 Princ Accounting II 3

BM 211 Princ Management 3

BM 241 Princ Marketing 3

BM 251 Applic Bus Com 4

BM 321 Business Law I 3

BM 413 Strat Mgt & Ethics 3

BM 451 Princ Finance 3

ECN 272 Intro Microecon 3

ECN 273 Intro Macroecon 3

ECN 325 Stats for Econ 3

Choose Option A or B:

Option A:

MAT 131 Finite Math for Bus 3

MAT 132 Calculus for Bus 3

Option B:

MAT 181 Calculus I 4

AREA OF EMPHASIS (Choose one):

A. GENERAL MANAGEMENT (18)

BM 331 Human Res Mgt

BM 412 Org Behav & Structure

BM 457 Quan Meth Prod Mgt

ACC/BM/ECN__ (300 or higher)

B. INTERNATIONAL BUSINESS (18)

BM 452 Princ of Invest

ECN 372 Intl Fin Markets

ECN 471 Intl Economics

ECN 473 Comp Econ Sys

ACC/BM/ECN__ (300 or higher)

C. FINANCE (18)

ACC 305 Cost Accounting

BM 371 Financial Inst Mgt

BM 452 Princ of Investment

BM 457 Quan Meth Prod Mgt

ACC/BM/ECN __ (300 or higher)

D. PUBLIC POLICY (18)

BM 412 Org Behav & Structure

ECN 372 Intl Fin Markets

PHL 343 Polit & Social Phil

PS 325 Public Policy

ACC/BM/ECN __ (300 or higher)

Choose 1 class from:

ACC 309 Acct for NonProfit

BM 371 Financial Inst Mgt

POLITICAL SCIENCE (42 hour major + general education and electives)

MAJOR REQUIREMENTS (42)

PHL 343 Political & Soc Philos 3

PS 101 Ameri Politics & Govt 3

PS 202 His & Politics of US Const 3

PS 205 Markets and Politics 3

PS 301 Comparative Politics 3

PS 302 International Relations 3

Plus 2 classes listed below

not used in core or emphasis: 6

AREA OF EMPHASIS (Choose one):

A. AMERICAN POLITICS (18)

Choose 6 classes from:

COM 342 Com Campaigns

HIS 318 His of Amer Forgn Relat

PS 201 State & Local Pol & Govt

PS 300 Washington Federal Sem

PS 303 Presid Lead & Power

PS 304 Amer Pol Ideology & Cult

PS 305 Politics & Public Policy

PS 393 Seminar

PS 401 Religion & Secularization

PS 435 Internship in Politics

B. POLITICAL PHILOSOPHY (18)

Choose 6 classes from:

PHL 211 Ancient & Medval Phil

PHL 212 Modern Philosophy

PHL 231 Ethics

PS 306 18^th - 20^th Cent Pol Tho

PS 393 Seminar (relevant topic)

PS 401 Religion & Secularization

PS 402 Theories of Liberalism

C. INTERNATIONAL AFFAIRS (18)

Choose 6 classes from:

COM 251 Intercultural Comm

ECN 273 Intro to Macroecon

ECN 471 International Econ

ECN 473 Compar Econ Systems

HIS 318 His of Amer Forgn Relat

HIS 350 Surv Non-Western Cult

PS 393 Seminar

PS 435 Internship in Politics

SOC 353 Intern Social Issues

ACCOUNTING (21 hour minor)

MINOR REQUIREMENTS (21)

ACC 201 Princ Acct 3

ACC 202 Princ Acct 3

ACC 301 Inter Acct 3

ACC 302 Inter Acct 3

ACC 305 Cost Accounting 3

ACC 307 Prin Fed Tax Acct 3

ACC 300 or 400 _________ 3

BUSINESS MANAGEMENT (21 hour minor)

MINOR REQUIREMENTS (21)

[May not be completed by ACC majors.]

BM 100 Intro to Business 3

ACC 201 Princ Accounting I 3

ACC 202 Princ Accounting II 3

BM 211 Princ Management 3

BM 241 Princ Marketing 3

BM 312 Small Business 3

BM 321 Business Law I 3

ECN 272 Intro Microecon 3

ECONOMICS (27 hour minor)

MINOR REQUIREMENTS (27)

ACC 201 Princ Accounting I 3

ACC 202 Princ Accounting II 3

BM 451 Princ Finance 3

ECN 272 Intro Microecon 3

ECN 273 Intro Macroecon 3

ECN 325 Stats for Economics 3

ECN 372 Int’l Financial Markets 3

2 classes of ECN 300 or above 6

POLITICAL SCIENCE (24 hour minor)

MINOR REQUIREMENTS (24)

PHL 343 Political & Soc Philos 3

PS 101 Ameri Politics & Govt 3

PS 202 His & Politics of US Const 3

PS 205 Markets and Politics 3

PS 301 Comparative Politics 3

PS 302 International Relations 3

Choose 2 classes from: 6

COM 251 Intercultural Comm

COM 342 Com Campaigns

ECN 273 Intro to Macroecon

ECN 471 International Econ

ECN 473 Compar Econ Systems

HIS 201 History US to 1876

HIS 313 Hist Religion in US

HIS 318 His of Amer Forgn Relat

HIS 320 Ancient History

HIS 350 Surv Non-Western Cult

PHL 211 Ancient & Medval Phil

PHL 212 Modern Philosophy

PHL 231 Ethics

SOC 353 Intern Social Issues

The Department of Business, Economics, and Political Science also offers a degree completion program with a major in MANAGEMENT AND ETHICS through the ADULT PROFESSIONAL STUDIES PROGRAM of the university. For information on that program see the ADULT PROFESSIONAL STUDIES WILMORE AND ORLANDO sections.

Bulletin 2011-2012 Revised 11/01/2011