Copyright & Disclaimer Information - Illinois Institute of Technology

Copyright & Disclaimer Information - Illinois Institute of Technology Copyright & Disclaimer Information - Illinois Institute of Technology

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BUS 458 Futures Options and OTC Derivatives This course provides the foundation for understanding the price and risk management of derivative securities. The course starts with simple derivatives, e.g., forwards and futures, and develops the concept of arbitragefree pricing and hedging. Based upon the work of Black, Scholes, and Merton, the course extends their pricing model through the use of lattices, Monte Carlo simulation methods, and more advanced strategies. Mathematical tools in stochastic processes are gradually introduced throughout the course. Particular emphasis is given to the pricing of interest rate derivatives, e.g., FRAs, swaps, bond options, caps, collars, and floors. The course is co-taught with MSF 551 in the Stuart School of Business. Prerequisites: BUS 221, BUS 321, BUS 351. (2.4-0-2.4) BUS 462 New Product Development This course offers students a solid grounding in the theory of practice of new product development. Using a combination of theory-based lecture, hands-on exercises and assignments and discussion, students will develop skills across the entire product development process--from opportunity identification through product launch. Prerequisite: BUS 371. (3-0-3) (C) BUS 465 Entrepreneurship in Industry This course places emphasis on the role of entrepreneurship and innovation in existing manufacturing companies, as well as exploring how to recognize, screen and bring to market new manufacturing and industrial opportunities. Manufacturing for the purposes of this course considers all activities that combine labor, technology and materials to produce products of greater value. This includes engineered products, food, pharmaceuticals, and chemicals to name a few. Topics covered in this course include opportunity recognition and new venture formation, building competitive advantage, managing technology and innovation, marketing and sales, management of operations, and financing for growth. (3-0-3) Copyright & Disclaimer Information: Copyright © 1994, 1995, 1996, 1997, 1998, 1999, 2000, 2001, 2002, 2003, 2004, 2005, 2006, 2007. CollegeSource®, Inc. and Career Guidance Foundation. CollegeSource® digital catalogs are derivative works owned and copyrighted by CollegeSource®, Inc. and Career Guidance Foundation. Catalog content is owned and copyrighted by the appropriate school. While CollegeSource®, Inc. and Career Guidance Foundation provides information as a service to the public, copyright is retained on all digital catalogs. Copyright & Disclaimer Information: Copyright © 1994, 1995, 1996, 1997, 1998, 1999, 2000, 2001, 2002, 2003, 2004, 2005, 2006, 2007. CollegeSource®, Inc. and Career Guidance Foundation. CollegeSource® digital catalogs are derivative works owned and copyrighted by CollegeSource®, Inc. and Career Guidance Foundation. Catalog content is owned and copyrighted by the appropriate school. While CollegeSource®, Inc. and Career Guidance Foundation provides information as a service to the public, copyright is retained on all digital catalogs. BUS 466 Entrepreneurship in Science and Technology This course introduces the fundamentals of science and technology entrepreneurship. Science and technology entrepreneurship, in itself, is a spirited approach to business leadership that involves identifying highpotential, science and technologyintensive commercial opportunities, gathering resources and capital, and managing rapid growth and significant risks using principled decisionmaking skills. This course is designed for graduate students in all majors, particularly science, engineering, and design students. Topics introduced in this course are not only relevant to future entrepreneurs, but also to future engineers and scientists in industry. This course introduces the student to the basic tools necessary to successfully identify a true business opportunity, and to start, grow and maintain a science and technology enterprise. (3-0-3) BUS 471 Marketing Management The Marketing Management course is designed to provide students with an overview of the decision making process in marketing. Marketing decision-making is a process that is essentially wrapped around the fundamental goal of creating value in the marketplace. This requires a professional knowledge of market drivers, competitors’ capabilities, technological trends and the market dynamics of value. The orientation is toward the kinds of marketing decisions that managers must make within the modern business environment. A primary goal of this course is to provide a thorough understanding of the rapidly changing business environment and the various stakeholders that influence the marketing management function. Prerequisite: BUS 371 (3-0-3) (C) BUS 473 Marketing Research This course provides students with a detailed exposure to stateoftheare marketing research techniques and their applications. Topics include: problem definition, research design, exploratory research, the use of sec- IIT Undergraduate Bulletin 2006–2008 Course Descriptions ondary and syndicated data sources, and questionnaire development and analysis. Course exercises and projects will emphasize the use of research information for effective marketing decision making. Prerequisite: BUS 371. (3-0-3) (E) (C) BUS 475 Sales Management Addressing modern technology and methods of selling and presenting highly technical subjects is the basis of this course. Engineers, Information Technology and Architects and those dealing with state of the art products will benefit from this new created course that will address the rapidly changing profession of highly skilled representatives, sales persons and entrepreneurs. The class content will include guest speakers from technical corporations, leading promotion and ecommerce firms to discuss basic requirements for sustaining current customer base and increase gross sales. Application, simulation and case studies from small and midsized firms will be reviewed. Prerequisite: BUS 371. (3-0-3) BUS 480 Business Strategy This course is the integration and application of the knowledge and skills learned in the foundation, tools and concepts, and functional field component of the undergraduate management core. Prerequisite: 40 credit hours in management, economics, senior standing or consent of instructor. (3-0-3) (C) (E) Civil and Architectural Engineering CAE 100 Introduction to the Profession I Introduction to the profession; an introduction to engineering graphics as a problem-solving tool. Basic traditional techniques of orthographic projection, multiview sketching, isometric and oblique pictorials, sectioning, auxiliary views, dimensioning, detail drawing, use of ANSI standards; and applications in civil and architectural engineering. (2-2-3) (C) 159

160 Course Descriptions CAE 101 Introduction to the Profession II A continuation of CAE 100. Application of PC-based CAD (computer-aided drawing and design) software to presentation and problem solving in civil and architectural engineering applications. Introduction to basic principles of design. Prerequisite: CAE 100. (1-4-3) (C) CAE 105 Geodetic Science Measurement of distances and angles. Theory of errors. Study of leveling, traversing, topographic mapping, route surveying, earthwork computation, photometry, and boundary surveys. Practice in the use of tapes, levels, transits, total stations and photogrammetric equipment. Corequisite: CAE 100. (2-2-3) CAE 221 Engineering Geology Geology and its relationship to civil engineering; minerals; rocks; soil formation; geologic structure; groundwater hydraulics; frost action in soils, landslides, shoreline erosion, bluff instability; earthquakes; airphoto interpretation, soil and rock mechanics in relation to engineering geology; subsurface exploration; dams, reservoirs, tunnels; case-history illustrations. (3-0-3) CAE 301 Hydraulics and Hydrology Collection and distribution of water. Flow of fluids through orifices, weirs, venturi meters. Laminar and turbulent flow in closed conduits. Open channel flow. Model analysis using the principles of dimensional analysis. Rainfall and runoff. Corequisite: MATH 252. (2-3-3) CAE 302 Fluid Mechanics and Hydraulics Fundamental concepts; fluid statics; properties of fluid in motion; fluid flows through orifices, weirs and venturi meters; laminar and turbulent flow in closed conduits; flow in open channels; turbomachinery; measure- Copyright & Disclaimer Information: Copyright © 1994, 1995, 1996, 1997, 1998, 1999, 2000, 2001, 2002, 2003, 2004, 2005, 2006, 2007. CollegeSource®, Inc. and Career Guidance Foundation. CollegeSource® digital catalogs are derivative works owned and copyrighted by CollegeSource®, Inc. and Career Guidance Foundation. Catalog content is owned and copyrighted by the appropriate school. While CollegeSource®, Inc. and Career Guidance Foundation provides information as a service to the public, copyright is retained on all digital catalogs. Copyright & Disclaimer Information: Copyright © 1994, 1995, 1996, 1997, 1998, 1999, 2000, 2001, 2002, 2003, 2004, 2005, 2006, 2007. CollegeSource®, Inc. and Career Guidance Foundation. CollegeSource® digital catalogs are derivative works owned and copyrighted by CollegeSource®, Inc. and Career Guidance Foundation. Catalog content is owned and copyrighted by the appropriate school. While CollegeSource®, Inc. and Career Guidance Foundation provides information as a service to the public, copyright is retained on all digital catalogs. ment in fluid mechanics and hydraulics. Prerequisite: MATH 252.Corequisite: CAE 315. (3-0-3) CAE 303 Structural Design I Design loads; factors of safety; load and resistance factors for steel structures. Experimental and analytical study of steel materials subjected to various states of stress. Failure theories, yield and post-yield criteria are treated. Fatigue and fracture mechanics phenomena are related to design practice. The design of tension member, beams and columns in steel. Prerequisite: MMAE 202. (3-0-3) (D) CAE 304 Structural Analysis I The analysis of statically determinate trusses and frames. Determination of internal forces and calculation of deflections. Application of the principle of virtual work and energy methods. Column stability. Prerequisites: MMAE 202, MATH 252. (2-3-3) CAE 307 Structural Design II Design loads, factor of safety, load and resistance factors for concrete structures. Properties of concrete making materials and the proportioning of concrete mixtures. Experimental and analytical study of plain and reinforced concrete subjected to various states of stress. Failure theories and the ultimate strength of plain and reinforced concrete structural components. The design of beams, columns and slabs in reinforced concrete. Prerequisites: MMAE 202, CAE 304, CAE 315. (2-3-3) (D) (C) CAE 309 Thermodynamics and Heat Transfer Basic principles of thermodynamics and their applications to various systems composed of pure substances and their homogeneous non-reactive mixtures. First Law of Thermodynamics (Closed Systems, Control Volumes). Second Law of Thermodynamics. Entropy. Simple power production and IIT Undergraduate Bulletin 2006–2008 utilization cycles. One-, two- and three-dimensional steady-state and transient conductive heat transfer together with convection and radiation as applied to building materials and geometries. Introduction to heat exchangers. Prerequisites: CHEM 124, CS 105, MATH 251. (4-0-4) CAE 310 Structural Analysis II The analysis of statically indeterminate frames. Application of classical methods including superposition, slope deflection and moment distribution. Introduction to the direct stiffness method and computer analysis of structures. Prerequisite: CAE 304. (2-3-3) CAE 312 Engineering Systems Analysis Applications of engineering and economic concepts and analysis to civil engineering systems; practical applications of elementary probability and statistics, operations research and economics in civil engineering. Prerequisite: MATH 251. (3-0-3) (C) CAE 315 Materials of Construction Physical principles of elastic and plastic deformation of construction. Mechanical testing methods including tensile, compressive, toughness, creep and fatigue. Properties of concrete, wood, iron and steel, and other construction materials. The emphasis is on concepts from solid mechanics which explain the behavior of materials to the extent needed in the design of load-bearing constructs. Prerequisite: MMAE 202. (2-3-3) (C) CAE 323 Soil Mechanics Physical and mechanical properties of soils; elementary principles of soil identification and testing. Principles of soil permeability and seepage, consolidation, failure theories, earth pressures, and bearing capacity. Laboratory included. Prerequisites: MMAE 202, CAE 221, CAE 301. (2-3-3) (C)

160<br />

Course Descriptions<br />

CAE 101<br />

Introduction to the Pr<strong>of</strong>ession II<br />

A continuation <strong>of</strong> CAE 100.<br />

Application <strong>of</strong> PC-based CAD (computer-aided<br />

drawing and design) s<strong>of</strong>tware<br />

to presentation and problem<br />

solving in civil and architectural engineering<br />

applications. Introduction<br />

to basic principles <strong>of</strong> design.<br />

Prerequisite: CAE 100. (1-4-3) (C)<br />

CAE 105<br />

Geodetic Science<br />

Measurement <strong>of</strong> distances and<br />

angles. Theory <strong>of</strong> errors. Study <strong>of</strong><br />

leveling, traversing, topographic<br />

mapping, route surveying, earthwork<br />

computation, photometry, and boundary<br />

surveys. Practice in the use <strong>of</strong><br />

tapes, levels, transits, total stations<br />

and photogrammetric equipment.<br />

Corequisite: CAE 100. (2-2-3)<br />

CAE 221<br />

Engineering Geology<br />

Geology and its relationship to civil<br />

engineering; minerals; rocks; soil formation;<br />

geologic structure; groundwater<br />

hydraulics; frost action in soils,<br />

landslides, shoreline erosion, bluff<br />

instability; earthquakes; airphoto<br />

interpretation, soil and rock mechanics<br />

in relation to engineering geology;<br />

subsurface exploration; dams, reservoirs,<br />

tunnels; case-history illustrations.<br />

(3-0-3)<br />

CAE 301<br />

Hydraulics and Hydrology<br />

Collection and distribution <strong>of</strong> water.<br />

Flow <strong>of</strong> fluids through orifices, weirs,<br />

venturi meters. Laminar and turbulent<br />

flow in closed conduits. Open<br />

channel flow. Model analysis using<br />

the principles <strong>of</strong> dimensional analysis.<br />

Rainfall and run<strong>of</strong>f. Corequisite:<br />

MATH 252. (2-3-3)<br />

CAE 302<br />

Fluid Mechanics and Hydraulics<br />

Fundamental concepts; fluid statics;<br />

properties <strong>of</strong> fluid in motion; fluid<br />

flows through orifices, weirs and venturi<br />

meters; laminar and turbulent<br />

flow in closed conduits; flow in open<br />

channels; turbomachinery; measure-<br />

<strong>Copyright</strong> & <strong>Disclaimer</strong> <strong>Information</strong>: <strong>Copyright</strong> © 1994, 1995, 1996, 1997, 1998, 1999, 2000, 2001, 2002, 2003, 2004, 2005, 2006, 2007. CollegeSource®, Inc. and Career Guidance Foundation. CollegeSource® digital catalogs are derivative works owned and copyrighted by CollegeSource®, Inc. and Career Guidance Foundation. Catalog content is owned and copyrighted by the appropriate school. While CollegeSource®, Inc. and Career Guidance Foundation provides information as a service to the public, copyright is retained on all digital catalogs.<br />

<strong>Copyright</strong> & <strong>Disclaimer</strong> <strong>Information</strong>: <strong>Copyright</strong> © 1994, 1995, 1996, 1997, 1998, 1999, 2000, 2001, 2002, 2003, 2004, 2005, 2006, 2007. CollegeSource®, Inc. and Career Guidance Foundation. CollegeSource® digital catalogs are derivative works owned and copyrighted by CollegeSource®, Inc. and Career Guidance Foundation. Catalog content is owned and copyrighted by the appropriate school. While CollegeSource®, Inc. and Career Guidance Foundation provides information as a service to the public, copyright is retained on all digital catalogs.<br />

ment in fluid mechanics and<br />

hydraulics. Prerequisite: MATH<br />

252.Corequisite: CAE 315. (3-0-3)<br />

CAE 303<br />

Structural Design I<br />

Design loads; factors <strong>of</strong> safety; load<br />

and resistance factors for steel structures.<br />

Experimental and analytical<br />

study <strong>of</strong> steel materials subjected to<br />

various states <strong>of</strong> stress. Failure theories,<br />

yield and post-yield criteria are<br />

treated. Fatigue and fracture<br />

mechanics phenomena are related to<br />

design practice. The design <strong>of</strong> tension<br />

member, beams and columns in steel.<br />

Prerequisite: MMAE 202. (3-0-3) (D)<br />

CAE 304<br />

Structural Analysis I<br />

The analysis <strong>of</strong> statically determinate<br />

trusses and frames. Determination <strong>of</strong><br />

internal forces and calculation <strong>of</strong><br />

deflections. Application <strong>of</strong> the principle<br />

<strong>of</strong> virtual work and energy methods.<br />

Column stability. Prerequisites:<br />

MMAE 202, MATH 252. (2-3-3)<br />

CAE 307<br />

Structural Design II<br />

Design loads, factor <strong>of</strong> safety, load<br />

and resistance factors for concrete<br />

structures. Properties <strong>of</strong> concrete<br />

making materials and the proportioning<br />

<strong>of</strong> concrete mixtures.<br />

Experimental and analytical study <strong>of</strong><br />

plain and reinforced concrete subjected<br />

to various states <strong>of</strong> stress. Failure<br />

theories and the ultimate strength <strong>of</strong><br />

plain and reinforced concrete structural<br />

components. The design <strong>of</strong><br />

beams, columns and slabs in reinforced<br />

concrete. Prerequisites:<br />

MMAE 202, CAE 304, CAE 315.<br />

(2-3-3) (D) (C)<br />

CAE 309<br />

Thermodynamics and Heat Transfer<br />

Basic principles <strong>of</strong> thermodynamics<br />

and their applications to various systems<br />

composed <strong>of</strong> pure substances and<br />

their homogeneous non-reactive mixtures.<br />

First Law <strong>of</strong> Thermodynamics<br />

(Closed Systems, Control Volumes).<br />

Second Law <strong>of</strong> Thermodynamics.<br />

Entropy. Simple power production and<br />

IIT Undergraduate Bulletin 2006–2008<br />

utilization cycles. One-, two- and<br />

three-dimensional steady-state and<br />

transient conductive heat transfer<br />

together with convection and radiation<br />

as applied to building materials and<br />

geometries. Introduction to heat<br />

exchangers. Prerequisites: CHEM 124,<br />

CS 105, MATH 251. (4-0-4)<br />

CAE 310<br />

Structural Analysis II<br />

The analysis <strong>of</strong> statically indeterminate<br />

frames. Application <strong>of</strong> classical<br />

methods including superposition,<br />

slope deflection and moment distribution.<br />

Introduction to the direct<br />

stiffness method and computer<br />

analysis <strong>of</strong> structures. Prerequisite:<br />

CAE 304. (2-3-3)<br />

CAE 312<br />

Engineering Systems Analysis<br />

Applications <strong>of</strong> engineering and economic<br />

concepts and analysis to civil<br />

engineering systems; practical applications<br />

<strong>of</strong> elementary probability and<br />

statistics, operations research and<br />

economics in civil engineering.<br />

Prerequisite: MATH 251. (3-0-3) (C)<br />

CAE 315<br />

Materials <strong>of</strong> Construction<br />

Physical principles <strong>of</strong> elastic and<br />

plastic deformation <strong>of</strong> construction.<br />

Mechanical testing methods including<br />

tensile, compressive, toughness, creep<br />

and fatigue. Properties <strong>of</strong> concrete,<br />

wood, iron and steel, and other construction<br />

materials. The emphasis is<br />

on concepts from solid mechanics<br />

which explain the behavior <strong>of</strong> materials<br />

to the extent needed in the design<br />

<strong>of</strong> load-bearing constructs.<br />

Prerequisite: MMAE 202. (2-3-3) (C)<br />

CAE 323<br />

Soil Mechanics<br />

Physical and mechanical properties<br />

<strong>of</strong> soils; elementary principles <strong>of</strong> soil<br />

identification and testing. Principles<br />

<strong>of</strong> soil permeability and seepage, consolidation,<br />

failure theories, earth<br />

pressures, and bearing capacity.<br />

Laboratory included. Prerequisites:<br />

MMAE 202, CAE 221, CAE 301.<br />

(2-3-3) (C)

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