A consideration of how to manage the financing of a firm. A study of international trade, including the gains from trade, the use of tariffs and quotas, the international monetary system, and the problems associated with exchange rates and balance payments. Emphasis is placed on theoretical arguments supporting current accounting practice and alternatives. A functional analysis of marketing and its importance as an economic activity. Additional managerial orientation is provided through case studies and decision-making practice.
Areas covered include contracts, agency relationships, commercial paper, sales, and bankruptcy.
Sophomore standing or permission of instructor. A study of the theory of the firm, its behavior, behavior of consumers, and management decision-making. Specifically, the course will focus on price and output devisions, rational economic choices of consumers, economics of technological change, production efficiency and costs, competitive behavior, and adjustments of markets to new conditions. An introduction to the basic theories and practices within the management profession. Areas stressed are human relations, organizations and their structure, and delegation of authority.