Minor in General Business Studies
The Minor in General Business enables students to grasp the elements of managing a business, by focusing on key areas of accounting, finance, economics, leadership, data analytics, management and entrepreneurship.
Courses in accounting and finance provide an overview of fundamental concepts in tracking and accounting for business transactions. The student will learn how the transactions are used to generate financial statements to provide information to stakeholders.
The economic component gives insight into the working of an economy and the effects that this has on industry and on countries. The management component provides guidance in how to operate a sustainable business and maximize profitability. Bloomberg Concepts is an integral part of this curriculum.
Minor Educational Objectives
The Minor in General Business Studies aims to produce graduates who are able to:
- Develop and analyze business transactions, develop journals, trial balances, and postings to key financial statements.
- Develop and analyze key financial statements using various data analytic-based techniques to produce relevant information for stakeholders.
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Interpret costing methods to determine best product or process costing choices to maximize business profitability and management efficiency.
- Compare and Contrast micro and macro-economic trends in industry and country to predict growth and recession events with the aid of Bloomberg Terminals.
- Identify market trends through certification in Bloomberg Market Concepts, Portfolio Management, and Terminal Management.
- Combine various skills in leadership, technology management, funding, employee relations, entrepreneurship to enable efficient management of company or team.
Minor Learning Outcomes
Upon completion of the Minor in General Business Studies, graduates will be able to:
- Apply learned concepts to produce, analyze and interpret financial statements.
- Model product and process costing systems to increase productivity and reduce costs.
- Interpret and analyze trends and forecasts to determine economy and industry performance, at macro and micro levels.
- Demonstrate knowledge and analytical skills needed to develop and manage sustainable businesses and teams.
- Identify and analyze key personal and organizational factors, in order to establish healthy employee relations, and productive business environments.
- Identify and apply key communication and leadership skills, in order to establish positive human relationships and a productive business environment.
Degree Requirements
The Minor in General Business Studies requires a total of 18 credit hours. These consist of courses in accounting, finance, economics, and management. The typical course sequence is six credits per academic year to begin no later than the second year of study.
Core Requirements for the General Business Studies Minor
Students must take the following four core courses for a total of 12 credit hours:
| BUSS 150 | Introduction to Economics | 3 |
| BUSS 201 | Fundamentals of Accounting and Finance | 3 |
| BUSS 301 | Corporate Leadership and Human Resource Management | 3 |
| BUSS 322 | Fundamentals of Innovation and Entrepreneurship | 3 |
Free Electives for the General Business Studies Minor
Students must take at least two of the following courses for a total of 6 credit hours: