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Catalog 2012-2013
Table of Contents


Finance, B.S. (FIN)
Sequence Sheet for 2012-2013
About the School of Business - About Finance - Major Program
View Requirements List - Summary View - Print this Page

First Semester - Fall 201216 hours
BIBL 1043   Biblical Foundations For Living (L)
An introductory course highlighting the relationship between Biblical teaching and contemporary Christian living. This initial experience in the integration of faith and learning focuses on principles of Biblical interpretation and application. Students learn how to interpret core Biblical passages so as to give guidance for some of the tough issues Christians face today. Class 3.
 
ECON 2103   Macroeconomics
An introduction to the nature and theory of Economics and the theoretical tools of macroeconomics. The course includes the introduction of supply and demand, examination of national income accounting, the role of government to include fiscal and monetary policy, the American banking system, and international trade. Class 3. (Fall) Minimum grade of 'C' required.
 
ENGL 1013   English Composition I
A study of effective writing, reading, and speaking. Emphasis is on effective personal and expository writing. (This course must be completed before reaching Junior standing.) Class 3. Prerequisite: Qualification on ACT or SAT exam or completion of ENGL 1004 with a grade of D..
 
LETU 1101   Cornerstones Of Life And Learning (L)
This course introduces students to the LeTourneau University community and prepares them for the pursuit of whole person education and lifelong learning. It helps students explore and learn how to fulfill God's unique design for their lives through a holistic approach that establishes four essential cornerstones of life and learning: personal, intellectual, spiritual, and community development. Class 1.
 
MATH 1203   College Algebra With Applications
A study of linear and quadratic equations, exponential and logarithmic functions, and linear inequalities with emphasis on business applications. This course may not be taken for credit by anyone who has passed MATH 1303, MATH 1603, or MATH 1903 with a grade of C or better. Class 3. Prerequisite: MATH 1123 or equivalent.
 
MGMT 2303   Principles Of Management
An introductory survey to the fundamental principles of management and the functions of planning, organizing, and controlling. The course provides the student with a basis for thinking about complex business operations as they relate to the management process. Class 3. Minimum grade of 'C' required.
 
      Fulfill English Proficiency Requirement
All students must demonstrate proficiency in English by passing either the English Proficiency Examination or ENGL 1001 English Review. Completion of this requirement by exam must take place before a student reaches senior status, otherwise ENGL 1001 must be taken every semester after reaching senior status until successfully completed.
 
Second Semester - Spring 201317 hours
COMM 1113   Introduction To Speech Communication
A study of basic oral communication principles, including verbal and nonverbal language, listening, group dynamics, and public speaking. Emphasis is upon application of these principles in the sending and receiving of different types of oral discourse. Class 3.
 
ECON 2203   Microeconomics
A study of microeconomics beginning with demand and supply theory and continuing with examination of the costs of production, price and output determination under pure competition, monopoly, oligopoly, and monopolistic competition (the study of price-taking and price-searching firm). Class 3. (Spring) Minimum grade of 'C' required.
 
ENGL 1023   English Composition II
A study of argumentation/logic and writing for the professions with an emphasis on using the personal computer to plan, draft, and revise written projects. Each student is required to write a fully documented research paper and give oral presentations in class. (This course must be completed before reaching Junior standing.) Class 3. Prerequisite: Completion of ENGL 1004 with a grade of C or better or ENGL 1013..
 
KINE 1512   Concepts Of Lifetime Fitness
General studies requirement under Kinesiology. The course examines various concepts of health and physical fitness with the purpose of encouraging the student to establish positive patterns of activity and healthful living. Class 2.
 
MATH 1503   Calculus With Business Applications
A study of differential calculus and its application to business. This course may not be taken for credit by anyone who has passed MATH 1603 or MATH 1903 with a grade of C or better. Class 3. Prerequisite: MATH 1203. (Spring)
 
MKTG 2503   Principles Of Marketing
Foundational course in the study of business where the emphasis is on studying the marketing concept of discovering and satisfying needs for products (goods, services, and intellectual property). The marketing functions/marketing mix of product, price, promotion and place (distribution) are studied along with creating customer value within the marketing environmental forces, constraints of the organizational resources, and a relationship marketing dynamic. The development of a marketing plan for a real product brings all this study to a practical understanding and application, preparing the student for the real world experience. Class 3. Minimum grade of 'C' required.
 
Third Semester - Fall 201316 hours
ACCT 2103   Principles of Financial Accounting
An introduction to the accounting process, with emphasis on identifying, recording, classifying, and interpreting transactions and other events relating to proprietorships and partnerships. Class 3. Minimum grade of 'C' required.
 
BUSI 2503   Business Statistics
Basic statistical concepts, elementary probability theory, normal curve and applications, measures of dispersion, introduction to sampling theory, hypotheses testing, analysis of variance, correlation, and multiple linear regression. Class 3. (Fall) Minimum grade of 'C' required.
 
BUSI 3103   Business Law
A study of the principles of business law covering the fields of contracts, agencies, personal property, sales, negotiable instruments, partnerships, and corporations. Class 3. (Fall) Minimum grade of 'C' required.
 
ENGL     Literature Elective
Any ENGL 2000+ level courses <b><u>except</u></b>:
ENGL 2011 Applied Journalism
ENGL 2603 Creative Writing
ENGL 3213 Technical Writing
ENGL 3223 Advanced Grammar and Composition
ENGL 3403 Journalism-Publications
ENGL 3413 Visual Literacy
ENGL 3931 English Internship
ENGL 4023 Writing for Digital Media
ENGL 4913 Literary Criticism
ENGL 4923 History of the English Language
ENGL 4931 Digital Writing Practicum
Class 3.
 
KINE     Physical Activities
Offerings include: aerobics, archery, action games, badminton, basketball, bowling, fitness, flag football, golf, racquetball, scuba diving, soccer, swimming, tennis, volleyball, weight training, etc. (Half of semester.) Class 1.
 
      General Elective
Any course that is not used to meet any of the major degree requirements. Class 3. 9 hours may be taken from general electives and 9 hours must be taken from the following: ECON 3203 Intermediate Price Theory, ACCT 3103 Intermediate Acct I, ACCT 3113 Intermediate Acct II, MKTG 3513 Public Relations, or MKTG 4503 Marketing Research.
 
Fourth Semester - Spring 201415 hours
ACCT 2113   Principles of Managerial Accounting
A continuation of ACCT 2103, examining accounting procedures for corporations, financial statement analysis, and managerial uses of accounting data. Class 3. Prerequisite: ACCT 2103. Minimum grade of 'C' required.
 
BIBL 1033   Biblical Literature
This survey provides an overall perspective for understanding the Bible within its historical and cultural setting. The course will focus on the reading of significant portions of the Bible so that students may grasp the framework and themes of the Old and New Testaments as well as the relationship between the Testaments. Throughout the course students will also develop skills in interpreting and applying the Bible to contemporary situations. Class 3.
 
BUSI 3423   Business Research Methods
The focus of this course is on using business forecasting for managerial decision making. Topics include data analysis, reviewing of inference, distributions, and descriptive statistics, and collection and presentation of data. Statistical techniques covered include auto regression, ANOVA, linear and multiple regression, nonparametric tests, and other advanced statistical techniques. Students will learn to use forecasting techniques such as moving average, exponential smoothing among other to forecast profits and sales. Use of statistical software such as SPSS, Minitab, or Excel is included. Class 3. Prerequisite: BUSI 2503 with a grade of C or higher. Minimum grade of 'C' required.
 
FINC 3113   Financial Management
A study of financial strategy in the processes of obtaining and managing funds of the corporation. Included are cash flow and working capital management, capital financing models, dividend and stock policy, and the examination of expansions and mergers. Class 3. Prerequisite: ACCT 2103. Minimum grade of 'C' required.
 
HIST     History Elective
Any History (HIST) course. Class 3.
 
Fifth Semester - Fall 201416 hours
ECON 3103   Money And Banking
A study of the fundamental theories of money and banking. It is a study of the economic role of the banking system and financial institutions, the Federal Reserve System, monetary policy, and instruments of international finance. Class 3. Prerequisite: ECON 2103. (Fall, Even years) Minimum grade of 'C' required.
 
FINC 3203   Financial Risk Management
This course provides a survey of risk, financial risk and banking. It provides a systematic approach to financial risk management considered by financial institutions and corporations. Students are expected to learn and apply financial risk concepts such as interest rate risk, credit risk, market risk, default risk, and duration. Various traditional and modern risk evaluations will be covered such as credit scores, re-pricing, VAR (Value at Risk), and credit metrics . Class 3. Prerequisites: ECON 2103, FINC 3113, and BUSI 3423. (Fall, Even years) Minimum grade of 'C' required.
 
      Lab Science Elective
May be chosen from:
BIOL 1014 Life Science
PHYS 1014 Physical Science
PHYS 2514 Astronomy
CHEM 1113 CHEM 1111 General Chemistry I, Lab
CHEM 1123 CHEM 1121 General Chemistry II, Lab
PHYS 1113 PHYS 1111 General Physics I, Lab
PHYS 1123 PHYS 1121 General Physics II, Lab
PHYS 2013 PHYS 2011 University Physics I, Lab
PHYS 2023 PHYS 2021 University Physics II, Lab
GEOL 1114 General Geology I
GEOL 1124 General Geology II
Class 3. Lab 1. PHYS 1014 Physical Science and BIOL 1014 Life Science are recommended. 4 total hours needed.
 
      General Elective
Any course that is not used to meet any of the major degree requirements. Class 3. 9 hours may be taken from general electives and 9 hours must be taken from the following: ECON 3203 Intermediate Price Theory, ACCT 3103 Intermediate Acct I, ACCT 3113 Intermediate Acct II, MKTG 3513 Public Relations, or MKTG 4503 Marketing Research.
 
      General Elective
Any course that is not used to meet any of the major degree requirements. Class 3. 9 hours may be taken from general electives and 9 hours must be taken from the following: ECON 3203 Intermediate Price Theory, ACCT 3103 Intermediate Acct I, ACCT 3113 Intermediate Acct II, MKTG 3513 Public Relations, or MKTG 4503 Marketing Research.
 
Sixth Semester - Spring 201516 hours
BIBL     Jr.-Sr. Level Elective
Any Junior or Senior (3000 or 4000) level Bible (BIBL) course. Class 3.
 
ECON 4303   International Economics
This course provides an experience-based approach to international economics issues, including trade theory, trade policy, balance-of-payments accounts, foreign exchange, international financial markets, and international economic policy. Class 3. Minimum grade of 'C' required.
 
FINC 4303   International Finance
In this course, students explore the international financial environment, including international financial markets and international flow of funds. Other topic include exchange rate behavior and risk management, financing international trade, international cash management, direct foreign investment, multinational capital budgeting, and country risk analysis. Class 3. Prerequisites: ECON 2103, FINC 3113, and BUSI 3423. (Spring, Odd years) Minimum grade of 'C' required.
 
      Lab Science Elective
May be chosen from:
BIOL 1014 Life Science
PHYS 1014 Physical Science
PHYS 2514 Astronomy
CHEM 1113 CHEM 1111 General Chemistry I, Lab
CHEM 1123 CHEM 1121 General Chemistry II, Lab
PHYS 1113 PHYS 1111 General Physics I, Lab
PHYS 1123 PHYS 1121 General Physics II, Lab
PHYS 2013 PHYS 2011 University Physics I, Lab
PHYS 2023 PHYS 2021 University Physics II, Lab
GEOL 1114 General Geology I
GEOL 1124 General Geology II
Class 3. Lab 1. PHYS 1014 Physical Science and BIOL 1014 Life Science are recommended. 4 total hours needed.
 
      General Elective
Any course that is not used to meet any of the major degree requirements. Class 3. 9 hours may be taken from general electives and 9 hours must be taken from the following: ECON 3203 Intermediate Price Theory, ACCT 3103 Intermediate Acct I, ACCT 3113 Intermediate Acct II, MKTG 3513 Public Relations, or MKTG 4503 Marketing Research.
 
Seventh Semester - Fall 201515 hours
BIBL     Jr.-Sr. Level Elective
Any Junior or Senior (3000 or 4000) level Bible (BIBL) course. Class 3.
 
BUSI 3403   Business Ethics
This course involves a study of management/business policies and practices as they relate to contemporary moral and ethical issues in the work place. It includes an examination of issues such as equity and fairness, individual privacy rights, corporate social responsibility, moral aspects of capitalism, equal employment opportunities, sexual harassment, and others. Stress is placed upon historic Judeo-Christian ethical principles and their application to clarify personal values and improve management decision making. Class 3. Prerequisite: Junior or Senior standing. MGMT 2303. (Fall) Minimum grade of 'C' required.
 
FINC 3403   Investments
This course is designed to serve investors who are or will be actively developing and monitoring investment portfolios. Techniques, methods, and strategies for implementing investment goals are examined in a portfolio and risk/return trade-off context. Topics include an overview of personal finance and investment, mutual funds, commodities, and other investment vehicles. Class 3. Prerequisites: ECON 2103, FINC 3113, and BUSI 3423. (Fall, Odd years) Minimum grade of 'C' required.
 
MGMT 3313   Organizational Behavior
The study of various organizational structure models and supporting theory; organizations as complex system; organizational behavior; individual and group dynamics in the business environment; organization development and change. Class 3. Prerequisite: MGMT 2303. (Fall) Minimum grade of 'C' required.
 
      General Elective
Any course that is not used to meet any of the major degree requirements. Class 3. 9 hours may be taken from general electives and 9 hours must be taken from the following: ECON 3203 Intermediate Price Theory, ACCT 3103 Intermediate Acct I, ACCT 3113 Intermediate Acct II, MKTG 3513 Public Relations, or MKTG 4503 Marketing Research.
 
Eighth Semester - Spring 201615 hours
BUSI 4313   International Business
A study of world trade and of the problems and issues faced by a business when it goes into the international market. Included is the study of cultural impacts, monetary exchange complications, and the problems faced by multinationals related with dealing in foreign legal and social environments. Class 3. Prerequisite: ECON 2103. (Spring) Minimum grade of 'C' required.
 
FINC 4203   Advanced Finance
This course provides an introduction to the fastest growing areas in finance such as fixed-income securities, derivative securities and financial applications. The study of derivative securities provides the student with a robust understanding of options and futures in the market. Upon successful completion of this course, the student is expected to possess a working knowledge of issues regarding both valuations and applications of derivative securities. This course may also include other special topics in financial management. Class 3. Prerequisites: ECON 2103, FINC 3113, and BUSI 3423. (Spring, Even years) Minimum grade of 'C' required.
 
FINC 4923   Finance Internship
The student will receive supervised experience in performing duties in a business environment with emphasis on financial transactions and financial decision-making. Class 3. Prerequisites: FINC 3113 and Consent of Instructor. (On Demand) Minimum grade of 'C' required.
 
MGMT 4803   Strategic Management
The functional integration of all business disciplines in formulating, implementing, and evaluating business strategies. Case analyses and game simulations supplement lectures and discussions. Class 3. Prerequisites: Senior standing, ACCT 2113, MGMT 2303, and FINC 3113. (Spring) Minimum grade of 'C' required.
 
      General Elective
Any course that is not used to meet any of the major degree requirements. Class 3. 9 hours may be taken from general electives and 9 hours must be taken from the following: ECON 3203 Intermediate Price Theory, ACCT 3103 Intermediate Acct I, ACCT 3113 Intermediate Acct II, MKTG 3513 Public Relations, or MKTG 4503 Marketing Research.
 
Total Hours: 126
Notes: The internship can be accomplished either during the spring or fall semester or during the summer. In any event, it normally is registered for during either a spring or fall semester as part of the 12-18 hour package, but not during summer school, thereby not incurring additional tuition cost to the student.