BA

Business Administration Department

Houston, the most populous city in Texas and the fourth largest city in the U.S., is also a global hub for many companies and businesses that operate in various active industries from energy to space science to health care services. That makes our communities strong economically, socially, politically, and culturally. These business organizations, both large and small, profit and nonprofit, need ethical managers who have integrity, good judgment, and civic mindedness. The Business Administration bachelor degree program at NAU, guided by the mission of the department, integrates these virtues throughout the program of study.

The 4-year Business Administration bachelor degree program provides our students with a high-quality education and prepares them to become proficient and responsible managers which today’s business environment needs the most. Our graduates are acquainted with information related to the legal framework of the business world, and are well prepared for a changing business environment with a global perspective.

Degree Requirements

For a B.S. degree in Business Administration, students must complete 120 semester credit hours:

  • 36 credits of general education
  • 42 credits of core courses
  • 18 credits of concentration electives, and
  • 24 credits of unrestricted elective courses.

The Business Administration program focuses on three areas of business specialization, including finance, management, and international business.
General education requirements are outlined in the general education section of the academic catalog. Specific general education courses required for the program are outlined below.

  • ECON 2311   Principles of Macroeconomics
  • ACCT 2311  Fundamental of Financial Accounting
  • ACCT 2312  Fundamentals of Managerial Accounting
  • BUSI 2311   Business Statistics
  • BUSI 2312   Mathematical Applications in Business
  • BUSI 3313   Business Information Management
  • BUSI 3314   Business Ethics
  • BUSI 3315   Business Law
  • BUSI 4317   Business Policy and Strategy
  • COMM 2312  Business Communication
  • ECON 2312  Principles of Microeconomics
  • FINA 1311    Personal Finance
  • FINA 3312    Business Finance
  • MNGT 2311  Management and Organizational Behavior
  • MRKT 2311  Principles of Marketing

Each student has an opportunity to specialize in an area of concentration. A student who wants to specialize in a concentration needs to select four courses from the corresponding concentration area courses.

  • FINA 3313  Financial Markets and Institutions
  • FINA 3314 Personal Financial Planning
  • FINA 4314  Investments
  • FINA 4315  Financial Analysis and Valuation
  • FINA 4316  International Finance
  • FINA 4319  Financial Management
  • MNGT 3312  Operations Management
  • MNGT 4314  Small Business Management
  • MNGT 4315 Leadership in Organizations
  • MNGT 4319 Managerial Decision Models
  • MNGT 4320 Global Supply Chain Management
  • MNGT 4318  Project Management
  • FINA 4316  International Finance
  • MRKT 4312  International Marketing
  • BUSI 4316 International Business
  • ECON 3313 Global Economics
  • MNGT 4318 Project Management
  • MNGT 4320 Global Supply Chain Management

Business Course Descriptions

ACCT 2311 Fundamentals of Financial Accounting
Cr. 3. (3-0). This course introduces students to the theory of accounting and financial reporting, and generally accepted accounting practices. The  primary emphasis is on financial statements and accounting for assets, liabilities, equities, revenues and expenses. Prerequisite: None

ACCT 2312 Fundamentals of Managerial Accounting
Cr. 3. (3-0). This course focuses on the development, interpretation and use of relevant cost behavior, control, and traceability concepts for management planning, controlling and decision making. Topics include product and direct costing, performance standards and variance analysis, accounting, profitability, and capital budgeting.  Prerequisite: ACCT 2311

BUSI 1311 Business Statistics
Cr. 3. (3-0). This course focuses on statistical methods, their applications in business contexts and how to interpret analyses performed by others. Topics include data collection, frequency distributions, probability and probability distributions, sampling and sampling distributions, hypothesis testing, regression and correlation analysis.  Prerequisite: MATH 1311

BUSI 2312 Mathematical Applications in Business
Cr. 3. (3-0). This course overviews mathematical operations related to a variety of business disciplines. Students learn and apply the following skills: computation, fractions, decimals, percentages, bank transactions, trade/cash discounts, business statistics, payroll calculations, interest, notes and present value calculations.  Prerequisite: MATH 1311

BUSI 3313 Business Information Management
Cr. 3. (3-0). This interdisciplinary course focuses on computer-based information systems and explores the basic technical, behavioral, economic, and organizational concepts relevant to information, decision making, and systems in a business context.  Prerequisite: TEAP 1311 or TEAP 1313

BUSI 3314 Business Ethics
Cr. 3. (3-0). This course examines the role and importance of ethics in a complex business environment, as well as the relationships and social responsibilities of individuals, organizations and communities. Students will also discuss ethical philosophy and apply an ethical decision making process to practical ethical dilemmas confronting leaders and managers in the workplace.  Prerequisite: None

BUSI 3315 Business Law
Cr. 3. (3-0). This course provides an overview of the business law and legal environment. Topics for this course include the legal principles of business; dispute resolution and procedures; contract law; bankruptcy law; property law; internet law and e-commerce; security interests, negotiable instruments and sales.  Prerequisite: None

BUSI 4316 International Business
Cr. 3 (3-0). This course overviews financial, managerial, and marketing problems confronted by multinational firms. Worldwide patterns of trade and investments are also discussed.  Prerequisite: MNGT 2311, MRKT 2311.  Co-requisite: FINA 3312

BUSI 4317 Business Policy and Strategy
Cr. 3. (3-0). This course focuses on application of acquired knowledge and skills to real world business problems. Students utilize problem solving principles and techniques to evaluate case studies in a variety of business disciplines.  Prerequisite: MNGT 2311, MRKT 2311, ACCT 2312, FINA 3312, ECON 2311, BUSI 3314

ECON 2311 Principles of Macroeconomics
Cr. 3. (3-0). This course provides an introduction to decision-making in the public sector; competing economic theories; economic analysis of inflation, unemployment, and economic growth; money and banking; monetary and fiscal policy; national income measurements; and international economics.  Prerequisite: None

ECON 2312 Principles of Microeconomics
Cr. 3. (3-0). This course provides an introduction to how markets function in the allocation scarce resources. Common analytical tools are used to examine the behavior of individual consumers and firms, and a framework to determine the efficiency of various market outcomes is developed. Topics include consumer theory, the behavior of firms, competition, monopoly, market equilibrium, and the role of government in the economy.  Prerequisite: None

ECON 3313
Cr. 3. (3-0)

FINA 1311 Personal Finance
Cr. 3. (3-0). This course provides students with skills to solve real world problems. It focuses on problems and applications related to personal finance, including financial planning, personal investing, budgeting, tax planning, real estate financing, credit management, insurance protection, and retirement and estate planning.  Prerequisite: None

FINA 3312 Business Finance
Cr. 3. (3-0). This course examines financial principles applicable to the business organization. Topics include risk return trade off, the time value of money, fundamentals of stocks and bonds and their valuation, capital budgeting, dividend and debt policy. Prerequisite: ACCT 2311, ECON 2311, BUSI 1311

FINA 3313 Financial Markets and Institutions
Cr. 3. (3-0). This course analyzes asset and liability management for financial institutions. Topics include financial markets such as stocks, bonds, mortgages, derivatives and foreign exchange.  Prerequisite: FINA 3312

FINA 3314
Cr. 3. (3-0)

FINA 4314 Investments
Cr. 3. (3-0). This course focuses on investment theories and their application in terms of selecting assets and securities such as stocks, bonds, and mutual funds.  Modern portfolio theory, leverage, and portfolio diversification is also discussed. Prerequisite: FINA 3312

FINA 4315 Financial Analysis and Valuation
Cr. 3. (3-0). This course analyzes the financial statements of corporations, using analytical tools and methods ranging from ratio computation and cash flow measures to equity valuation. Topics include cash flow analysis, profitability analysis, credit analysis, short-term and long-term forecasting, and equity analysis and valuation.  Prerequisite: FINA 3312

FINA 4316 International Finance
Cr. 3. (3-0). This course focuses on the financial operations of corporations in international financial markets. Topics include forecasting exchange rates in foreign exchange markets, the components of international monetary systems, currency risk management techniques, and global financial decisions.  Prerequisite: FINA 3312

FINA 4319 Financial Management
Cr. 3. (3-0). This course provides an in-depth study of capital budgeting, financing, dividends, and related issues in the context of risk, return, and creation of value in a corporation and other business organizations.
Prerequisite: FINA 3312

MNGT 2311 Management & Organizational Behavior
Cr. 3. (3-0). This course examines tools for understanding the management process, organizational structure and corporate culture. It also relates theory and research to organizational problems by reviewing concepts in individual behavior, motivation and performance, communication, conflict and negotiation, teamwork dynamics and decision-making.  Prerequisite: None

MNGT 3312 Operations Management
Cr. 3. (3-0). This course focuses on principles and applications of process and resource management in manufacturing and service operations. Topics include forecasting, capacity planning, process selection, facility layout, quality control and management, scheduling, inventory control, MRP and ERP, and supply chain management.  Prerequisite: MNGT 2311

MNGT 4314 Small Business Management
Cr. 3. (3-0). This course examines the economic and social environment in which small businesses function, and the critical role of entrepreneurship in fostering business growth and development. Topics include facts about going into business, conducting a feasibility study, financing a business, essential management skills, marketing strategies and legal issues.  Prerequisite: MNGT 2311

MNGT 4315 Leadership
Cr. 3. (3-0). This course provides students with in-depth knowledge on the various leadership theories and insight into effective leadership practices. Topics include management versus leadership, traits and characteristics of leaders, leadership attitudes and styles, situational leadership theories, power and influence, and motivation and coaching skills for leaders.  Prerequisite: MNGT 2311

MNGT 4316 Human Resource Management
Cr. 3. (3-0). This course focuses on theories, principles, and practices of human resources management in organizations. Topics include human resource management functions such as recruitment, selection, training, performance management, benefits and compensation. Prerequisite: MNGT 2311

MNGT 4317 International Management
Cr. 3. (3-0). This course examines different aspects of international management and organization of multinational corporations. Topics include organizational problems in international operations, cross-cultural negotiations and decision making, formulating and implementing strategy for international and global operations, and international personnel management. Prerequisite: MNGT 2311

MNGT 4318 Project Management
Cr. 3. (3-0). This course introduces the basic concepts of project management and tools and techniques to effectively manage projects. Topics include project selection, project planning, budgeting, scheduling, resource allocation, project control and project termination. Tools such as work breakdown structures, network diagrams, project crashing will also be covered. Prerequisite: MNGT 2311

MNGT 4320 Global Supply Chain Management
Cr. 3. (3-0). This course introduces supply chain management in a competitive business environment. It involves coordinating and improving the flow of goods, services, information, and funds within companies and around the world, from raw materials to the final end user. This course integrates operations management, logistics, and computer information systems. Topics include relationship management, transportation and distribution, inventory control, purchasing, forecasting, production management, and the impact of technology on supply chain management.
Prerequisite: MNGT 2311

MRKT 2311 Principles of Marketing
Cr. 3. (3-0). This course introduces marketing concepts and their application in the marketing of products, services, ideas, and organizations. Topics include consumer behavior; market segmentation and target market selection, and management of marketing mix variables such as product, price, placement, and promotion.  Prerequisite: None

MRKT 4312 International Marketing
Cr. 3. (3-0). This course introduces characteristics of global marketing and the strategic marketing decisions for effective competition in the global environment. Topics include planning and organizing for international marketing operations, distinctive characteristics, environmental influences, and emerging trends in overseas markets.  Prerequisite: MRKT 2311

Degree Plan

Concentration Course Sequences
Finance
Management
Int’l Business

Objectives

  • Prepare students with the necessary knowledge and skills for a changing business environment and for contemporary business information systems
  • Provide students with analytic thinking skills and knowledge pertaining to global business environment
  • Provide students with opportunities to apply their knowledge and skills in real life business cases
  • Equip students with good oral and written communication skills that enable them to express themselves and present their materials well
  • Provide students with an awareness of legal framework and ethical principles