SMU students enrolled in the Minor in Business will take five three-credit-hour required courses and one elective.
- Accounting Concepts (ACCT 2310) introduces students to accounting fundamentals. In addition, students gain an understanding of financial statements, basic capital structure issues and ratio analysis, as well as cost accounting (variable costs, fixed costs, decision-making). Students can substitute ACCT 2301 in place of the Minor in Business accounting course.
- Finance Concepts (FINA 3310) introduces students to the concept of the time value of money. In addition, students discuss the risk/return relationship and the cost of capital. They also gain a basic understanding of capital budgeting as well as net present value, internal rate of return, and financial decision making.
- Management Concepts (MNO 3310) introduces students to organizational culture and organization structure. Students discuss individual differences and how these relate to behavior and leadership as well as motivation and its relationship to job design, job satisfaction, and rewards. The course also introduces students to strategy, including industry analysis and competitive advantage.
- Marketing Concepts (MKTG 3310) introduces students to the basic principles of consumer marketing. The course also includes discussion of the marketing mix and the role of advertising in this mix, marketing strategy and the marketing planning process, and the relationship between marketing and the firm. ADV 3362 can be substituted for the Minor in Business marketing course.
- Markets and Freedom (FINA 3311) includes discussion of economic indicators and the benefits of globalization. The course also explores how markets work, including the roles that technology, public policy, and economic growth play in a functioning market economy.