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158
Course Descriptions
BUS 381
Understanding Cultures
This course will familiarize and sensitize
students to issues of intercultural
perception and communication,
with particular attention to interaction
within the business world and
among professionals in different
fields. It provides a context for
understanding cultural differences
and different taken for granted
assumptions about “proper” behavior
and the social world. The course has
both theoretical and practical
aspects. Individual and group tasks
include analysis, observation and
interviewing, role playing, papers,
and presentations. The course systematically
examines important cultural
aspects ant their variation
across a broad cultural spectrum,
and brings in occasional guest lecturers
with international business and
professional experience. Same as
SOC 381. (3-0-3) (S) (C)
BUS 400
Business Seminar
A series of speakers will be brought
in to broaden the perspective of
Business majors. (2-0-1)
BUS 402
Leadership Seminar
This course is designed to help students:
Understand the nature of
leadership in terms of the traits and
behaviors that define effective leadership.
Practice and develop leadership
behaviors through a series of
“simulations” or hands on exercises.
Gain feedback regarding their individual
leadership strengths and
development opportunities. Design a
personal development plan to continue
to enhance leadership skills outside
of this class. (2-0-1) (E)
BUS 423
Management Information Systems
Application of information systems to
business strategy and performance,
includes functional capabilities of
hardware and software, system development
and successful implementation,
case studies and software exercises.
Prerequisite: CS 105 or CS 115
or CS 200, BUS 321. Formerly BUS
223. (3-0-3)
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BUS 441
Employee Rights and Legal Protections
This course will focus primarily on
the principal policies governing the
individual employment relationship,
examine the development of the
employment contract and protectable
legal interests in the employment
relationship. Employment handbooks
and policy manuals including
Best Practices in drafting lawful policies
and procedures and maintaining
personnel records will be addressed.
Hiring, firing, disciplining and investigating
employee complaints will be
analyzed. Specific attention will also
be given to the regulation of pay and
hours, recent “Whistle Blower” laws,
and alternatives to litigations under
alternative dispute resolution procedures.
Prerequisite: BUS 341. (3-0-3)
(E)
BUS 452
International Finance
International finance is a combination
of macroeconomics and finance.
The course covers macroeconomic
models of exchange rate and interest
rate determination and it also covers
the participants and instruments
that trade in the foreign exchange
market. By the end of this course,
participants should be able to construct
portfolios and analyze the risk
of their positions. Prerequisite: BUS
351. (3-0-3)
BUS 454
Valuation and Portfolio Management
This course is a survey of asset pricing
theory. The fundamentals of bond
and option pricing are covered as
well as the CAPM, APT and the
Fama French models. Excel spreadsheet
modeling is used to illustrate
and understand the concepts of
Markowitz’s Mean Variance
Optimization, equity valuation,
option pricing, and utility theory. The
course is co-taught with MSF 541 in
the Stuart School of Business.
Prerequisite: BUS 351. (2.4-0-2.4)
BUS 455
Corporate Finance
This course is an advanced introduction
to modern corporate finance.
Topics include cash flow forecasting,
IIT Undergraduate Bulletin 2006–2008
optimal dividend policies, mergers
and acquisitions, structured finance,
capital at risk, and the risk of adjusted
return on capital. The philosophical
foundation of the course is the
concept of shareholder value added.
Students will learn how financial
decisions can contribute to the value
of the modern corporation. The
course is co-taught with MSF 532 in
the Stuart School of Business.
Prerequisite: BUS 351. (2.4-0-2.4)
BUS 456
Financial Economics I
This course provides a systematic
exposition of the primary mathematical
methods used in financial economics.
Mathematical concepts and
methods include logarithmic and
exponential functions, algebra,
meanvariance analysis, summations,
matrix algebra, differential and integral
calculus, and optimization. The
course will include a variety of financial
applications including compound
interest, present and future value,
term structure of interest rates, asset
pricing, expected return, risk and
measures of risk aversion, capital
asset pricing model (CAPM), portfolio
optimization, expected utility, and
consumption capital asset pricing
(CCAPM). The course will be cotaught
with MSF 511 in the Stuart
School of Business. Prerequisite:
BUS 351. (2.4-0-2.4)
BUS 457
Financial Modeling I
This course is the first of three subjects
that form the Financial
Modeling Sequence. It is designed to
provide students with the necessary
programming skills necessary to create
realistic financial models. It is an
essential core subject and must be
completed in order to obtain the MSF
degree. Modeling I focuses on the
implementation of financial models
in MS Excel using Visual Basic for
Application (VBA). This course is
co-taught with MSF 521 in the
Stuart School of Business.
Prerequisite: BUS 351. (2.4-0-2.4)