 | The University of Virginia record July 15, 1922 |  |
McINTIRE SCHOOL OF COMMERCE AND BUSINESS
ADMINISTRATION.
THE FACULTY, 1922-1923.
| EDWIN ANDERSON ALDERMAN, Ph.B., D.C.L., LL.D. | President |
| JAMES MORRIS PAGE, M.A., Ph.D., LL.D. | Dean |
| [1] THOMAS WALKER PAGE, M.A., Ph.D., LL.D. | James Wilson Professor of Economics |
| TIPTON RAY SNAVELY, M.A., Ph.D. | Associate Professor of Economics |
| ALBERT JULIUS BARLOW, B.A., B.B.A., C.P.A. | Associate Professor of Accounting |
| BRUCE WILLIAMS, B.S., M.S., Ph.D. | Associate Professor of Political Science |
| ABRAHAM BERGLUND, M.A., Ph.D. | Associate Professor of Transportation |
| ELBERT ALVIS KINCAID, M.A., Ph.D. | Associate Professor of Economics |
| HARRY CALVIN HAWKINS, A.B., M.B.A. | Assistant Professor of Foreign Trade |
| ELMER IRVING CARRUTHERS | Instructor in Accounting |
| AUBREY RUSSELL BOWLES, JR., B.A., M.A. | Instructor in Commercial Law |
| CARTER MARSHALL BRAXTON, B.A. | Instructor in Political Science |
| GEORGE TALMADGE STARNES, B.A., M.A. | Assistant in Economics |
| RAYMOND BENNETT PINCHBECK, B.S. | Assistant in Economics |
| SHELDON BUCKINGHAM AKERS, B.S. | Assistant in Accounting and Marketing |
| FREDERICK NATHANIEL CALDWELL | Assistant in Accounting |
| JAMES CHAPPELLE JUSTICE | Assistant in Accounting |
| ROBERT TOWNSEND DADE HEATON, B.S. | Assistant in Commercial Geography |
ANNOUNCEMENT OF COURSES.
Economics B1: The Principles of Economics: (See James Wilson
School of Economics, page 8.)
Economics B2: The Growth of American Industry and Commerce:
(See James Wilson School of Economics, page 8.)
Economics B3: Money and Banking: (See James Wilson School
of Economics, page 9.)
Economics B4: Elementary Accounting: Technique and science,
nature and classifications, debit and credit, property accounts showing
assets and liabilities and those showing profit and loss, "mixed accounts,"
inventories, adjustments, statements, and balance sheets.—
(B.A. or B.S. credit, 3 session-hours.) Three sections. Associate
Professor Barlow and Mr. Carruthers, assisted by Mr. Caldwell and
Mr. Akers.
Economics B5: Statistics: Economics B1 prerequisite.—First and
second terms: Statistical method and practice, including the collection
of material, sources, making of schedules, compilation and tabulation,
diagrammatic and graphic presentation, averages, correlation and index
numbers. Third term: The application of statistical methods to
business and economic problems, such as living costs, employment,
production, sales, markets, business forecasts.—(B.A. or B.S. credit, 3
session-hours.) Assistant Professor Hawkins.
Economics B6: Accounting and Cost Accounting: A short course
dealing with the technique and science of accounting, but giving special
attention to the elements of costs with the principles and general
methods of cost finding, compiling of cost data, etc. (Fall term:
principally for Engineering students.) Associate Professor Barlow.
Economics B7: Marketing: Economics B1 prerequisite.—This course
attempts an analysis of the existing commercial mechanism for the
distribution of goods from producer to consumer. The emphasis of
the course will be put on practical problems in an endeavor to appraise
the efficiency of the distributive system and to indicate where
improvements may be introduced. The work of the fall term will deal
primarily with the marketing of farm products and raw materials;
that of the winter term with the merchandising of the manufactured
or finished products. The spring term is devoted to a study of the
significance of advertising as a business force.—(B.A. or B.S. credit,
3 session-hours.) Associate Professor Barlow.
Economics B8: Transportation: Economics B1 prerequisite.—First
and second terms: The economic principles of railroad transportation
including a study of the location of systems, operating costs, rates,
returns, government legislation and the Interstate Commerce Commission.
Third term: Railway finance, securities, capitalization, promotion
and underwriting, internal financial organization, etc.—(B.A.
or B.S. credit, 3 session-hours.) Associate Professor Berglund.
Economics B9: Business Administration: Economics B1 prerequisite.
—First term: A study of the principles and practices of office management
including especially the functions and problems of office executives.
Second term: A review of the methods of salesmanship
management.—(B.A. or B.S. credit, 3 session-hours.) Associate
Professor Berglund.
Economics B10: Insurance: Economics B1 prerequisite.—The underlying
principles and practices of various forms of insurance will be
considered during the first term. Second term: Life insurance.
Third term: Marine, fire, fidelity insurance. The course will consist
of special topics for field investigations, reports, assigned readings,
etc.—(B.A. or B.S. credit, 3 session-hours.) To be supplied.
Economics B11: Agricultural Economics: Economics B1 prerequisite.—The
Principles of Economics with special reference to agriculture.
A brief treatment of the history of agriculture, the part played
by land, labor and capital in agriculture. Land ownership and tenantry,
wages of farm labor, land values, profits in agriculture, the economic
status of the agricultural industry.—(B.A. or B.S. credit, 3 session
hours.) Associate Professor Kincaid.
Government B1: Constitutional Government: (See James Wilson
School of Economics, page 9.)
Government B2: International Relations: (See James Wilson
School of Economics, page 9.)
Commercial Law B1: Not open to first year students.—A detailed
study of the fundamental and important, rather than the technical,
principles of those subjects of which some knowledge is necessary in
ordinary commercial transactions, including contracts, negotiable instruments,
agency, partnerships, bailments and carriers, sales of personal
property, insurance. Instruction is given in the practical drafting
of business documents, such as simple contracts, powers of attorney,
articles of copartnership, mortgages, deeds of trust and bills of
sale.—(B.A. or B.S. credit, 3 session-hours.) Mr. Bowles.
Commercial Geography B1: General Survey.—A study of the
geography, natural resources, commerce and industry of the United
States and Europe.—(B.A. or B.S. credit, 3 session-hours.) Assistant
Professor Hawkins.
Commercial Geography B2: Economic Geography of Latin America:
Economics B1 or Government B1, prerequisite.—A general survey
of the civilization, past and present, of the Republics of Latin America.
Special stress is laid on the physical, racial and economic geography
of the regions studied. Not open to first year students. The
class will be limited to fifty students.—(B.A. or B.S. credit, 3 session-hours.)
Associate Professor Bardin.
Economics C1: Public Finance: (See James Wilson School of
Economics, page 9.)
Economics C2: Advanced Money and Banking: (See James Wilson
School of Economics, page 9.)
Economics C3: Advanced Accounting: Economics B1 and B4 prerequisite.—A
continuation of Economics B4, with particular reference
to the corporation, costs, adjustments, depreciations and auditing.
Associate Professor Barlow.
Economics C4: Corporation Finance: Economics B1 and one other
course in the School of Economics or Commerce and Business Administration,
prerequisite.—Forms of business organization, growth of corporations,
corporation laws, sources of capital, tangible and intangible assets,
liabilities, stocks and bonds, profits and the distribution of surplus,
reorganization and receivership. Hours to be arranged. Associate
Professor Kincaid.
Economics C5: Foreign Trade: Economics B1 and one other course
in the School of Economics or Commerce and Business Administration,
prerequisite.—An analysis of the economic principles underlying foreign
trade, resources and materials, trade conditions and practices abroad,
commercial treaties and tariffs, sales methods, credit factors, shipping
facilities, financial settlements, foreign exchange. Hours to be arranged.
Assistant Professor Hawkins.
Economics C6: Scientific Management and Labor Problems: Economics
B1 and one other course in the School of Economics or Commerce
and Business Administration, prerequisite.—A study of the relations between
employer and employee, agencies for the promotion of industrial
peace including profit-sharing plans, bonus systems, co-operative
enterprises, etc., and a study of representative plans for the management
of labor, copartnership and labor organization. To be supplied.
JAMES WILSON SCHOOL OF ECONOMICS.
I. Economics.
Economics B1: The Principles of Economics: (Not open to first
year students.)—First and second terms: Survey of the principles of
Economics. Third term: The bearing of these principles upon present
American conditions. Instruction will be given by lectures, assigned
readings, reports and discussions.—(B.A. or B.S. credit, 3 session-hours.)
Associate Professor Snavely, Associate Professor Berglund
and Mr. Starnes.
Economics B2: The Growth of American Industry and Commerce:
Economics B1 prerequisite.—Economic principles as illustrated by
American experience, with a study of the influence of economic conditions
upon American social and political development. The work is
mainly topical and the topics receiving chief emphasis vary from year
to year.—(B.A. or B.S. credit, 3 session-hours.) Associate Professor
Berglund.
Economics B3: Money and Banking: Economics B1 prerequisite.—
First and second terms: A study of monetary systems, forms of
money and monetary standards, value of money, price level and its
fluctuations, principles and theories of banking, foreign banking systems
and the national banking system. Third term: The Federal
Reserve System.—(B.A. or B.S. credit, 3 session-hours.) Associate
Professor Snavely and Mr. Pinchbeck.
Economics C1: Public Finance: Economics B1 and one other B
course in the School of Economics or Commerce and Business Administration,
prerequisite.—First and second terms: The general principles of
public finance, with a detailed investigation of state and local taxation.
Third term: The financial institutions and methods of the federal
government. Associate Professor Snavely.
Economics C2: Advanced Money and Banking: Economics B1 and
one other B course in the School of Economics or Commerce and Business
Administration, prerequisite.—A course of research in current monetary
and banking problems. An intensive study is made of foreign currency
systems, Federal Reserve System, cyclical fluctuations in business,
etc. Topics are assigned for individual investigation and written
papers and problems are required. Hours to be arranged. Associate
Professor Kincaid.
Economics D1: History of Economic Theory.—Hours to be arranged.
Associate Professor Snavely.
Economics D2: Recent Economic Theory, with special attention to
problems in the distribution of wealth.—Hours to be arranged. Associate
Professor Kincaid.
Economics D3: Recent Schools of Economic Thought.—Hours to
be arranged. Associate Professor Berglund.
II. Government.
Government B1: Constitutional Government.—A description and
comparison of the principles and essential features of the governments
of the United States, England, France, Germany, and Switzerland,
with especial emphasis on the characteristics of the American constitutional
system and the operation of Congressional government. Instruction
by lectures, textbook study, assigned reading, and conferences
with instructors.—(B.A. or B.S. credit, 3 session-hours.) Associate
Professor Williams, Mr. Coleman and Assistants.
Government B2: International Relations: Government B1 prerequisite.—The
nature of international law; the attributes of soverign states,
their rights and duties as members of the society of nations; the scope
of existing international government; the causes of modern wars; the
problem of preserving peace (peace projects of the past, the adequacy
of arbitral machinery and the League of Nations); international economic
by lectures, assigned reading, and class reports.—(B.A. or B.S. credit,
3 session-hours.) Associate Professor Williams.
Government C1: Jurisprudence and the Elements of American
Constitutional Law: (Primarily for graduates and advanced undergraduates
preparing for law; Government B1 and B2 prerequisite.) First
half-year: Various concepts of the State, of sovereignty, and of political
obligation; the nature, sources, and forms of law, and its philosophical
and sociological aspects. Second half-year: Leading cases
on American Constitutional Law. Hours by appointment. Associate
Professor Williams.
Government D1: Political Theory.—The political theory of Hobbes,
Harrington, Locke, Montesquieu, Rousseau, Bentham, J. S. Mill.
Hours by appointment. Associate Professor Williams. Omitted in
1921-1922.
Government D2: Modern Political Theory and Institutions.—
Hours by appointment. Associate Professor Williams.
REQUIREMENTS FOR DEGREE OF BACHELOR OF
SCIENCE IN COMMERCE.
The degree of Bachelor of Science in Commerce will be conferred
upon regular students who have completed not less than 63 session-hours
of undergraduate courses, taken in conformity with the following
programme:
(1) Required Subjects.—Candidates for the Bachelor of Science in
Commerce must take 33 session-hours of required subjects as stated
below, 3 hours of which must be in Physical Training. Of the remaining
30 session-hours of required subjects, not less than 24 hours
must be taken during the first two years and the remaining 6 hours
not later than the third year.
Foreign Languages.—Six session-hours from one of the following
languages: French, German or Spanish.
Mathematics.—Three session-hours in Mathematics A1 or A2.
Natural Science.—Six session-hours.
English.—Six session-hours, 3 of which shall be in English A1, A2
or A3, and 3 in English B3.
Social Science.—Nine session-hours in United States History B3,
Government B1 and Economics B1. History B3 should be taken in
the candidate's first year, and Economics B1 in the candidate's second
year.
Physical Training.—Three session-hours, which must be completed
during the first two years.
(2) Major-Electives.—Of the remaining 30 session-hours required
in the Schools of Economics and Commerce and Business Administration,
18 session-hours of which shall include the following
courses: Commercial Geography B1, Commercial Law B1, Economics
B2, Economics B3, Economics B4 and Economics B5. The remaining
6 session-hours may be elected from any courses in the academic
schools for which the candidate has adequate preparation.
Note: 12 session-hours of technical courses in one of the professional
departments of Law or Engineering may be substituted under
the requirements in commercial subjects. In any case, however, 18
session-hours must be taken from commercial subjects in the Schools
of Economics and Commerce and Business Administration.
PROGRAMME FOR BACHELOR OF SCIENCE IN
COMMERCE.
| Hours | |
| French, German or Spanish A | 3 |
| Mathematics A1 or A2 | 3 |
| English A1, A2 or A3 | 3 |
| History B3 | 3 |
| Commercial Geography B1 | 3 |
| Physical Training Begun | |
| Total | 15 |
| Hours | |
| French, German or Spanish B | 3 |
| Natural Science | 6 |
| Economics B1 | 3 |
| Government B1 | 3 |
| Physical Training Completed | 3 |
| Total | 18 |
| Hours | |
| English B3 | 3 |
| Commercial Law B1 | 3 |
| Economics B2 | 3 |
| Economics B3 | 3 |
| Economics B4 | 3 |
| Total | 15 |
| Hours | |
| Economics B5 | 3 |
| Select one from Economics B7, B8, B9, B10 and B11 | 3 |
| Select one from Economics C1, C2, C3, C4, C5 and C6 | 3 |
| Electives | 6 |
| Total | 15 |
| The University of Virginia record July 15, 1922 | |