Critical study of the theory of the behavior of consumers and business firms, the determination of prices under various market structures, and the welfare implications of the allocation of resources by markets. A critical study of the nature, construction, and econometric applications of static and dynamic models for the determination of the level of income, output, employment, and prices in closed and open economies. An introduction to financial theory and practice. The course will emphasize the basic valuation techniques of financial assets and the operation of financial markets. Personal investment strategies and related topics will be introduced with an emphasis on application.
Emphasis is on the use of accounting data for decision making.
This second course in accounting builds on the concepts, principles, procedures, and analytic methods taught in the introductory course and extends to accounting for partnerships and corporations. Focus is on financial statements and interpretation of financial information. An introduction to the management of organizations. An examination of management thought and theory. A review of the management functions of planning, organizing, directing, and controlling with particular emphasis on leadership, motivation, communications, and organizational change and conflict.