GENERAL OUTLINE OF COURSES LEADING TO DEGREE OF
BACHELOR OF SCIENCE IN COMMERCE
First Year:
|
Session-hours |
| French, German, Spanish or Italian, A |
3 |
| Mathematics A4 |
3 |
| English A |
3 |
| Geology B1 or Chemistry B1 |
6 |
| Physical Training |
|
|
15 |
Second Year:
| French, German, Spanish or Italian, B |
3 |
| Economic Geography B1 |
3 |
| Economics B1 |
3 |
| English B |
3 |
| Economics B4 |
3 |
| Physical Training |
|
|
15 |
Third Year:
| Economics B2 |
3 |
| Economics B3 |
3 |
| History B2 or B3 |
3 |
| Commercial Law B1 |
3 |
| One general elective course |
3 |
|
15 |
Fourth Year:
| Economics B5 |
3 |
| One additional B course in Economics |
3 |
| Government B1 |
3 |
| One C course in Economics |
3 |
| One general elective course |
3 |
|
15 |
The following outline of courses for the third and fourth years has been
planned to assist students who wish to specialize in a given field of business. In
the first and second years the program is uniform for all students as given above.
Program for Third and Fourth Years
ACCOUNTANCY
The modern business corporation with its extended and widespread activities
demands the services of trained accountants. This demand has been furthered
and tremendously increased in recent years as a result of the Federal Income
Tax Laws. Accountancy has, in fact, developed into a profession.
The courses offered here give a student instruction in the fundamental principles
of the subject, whereas the more advanced courses prepare him for professional
practice in accountancy, and lead up to the State examinations for the certified
public accountant certificate. The elementary course is required of all
applicants for a B.S. in Commerce degree.
Third Year:
|
Session-hours |
| Government B1 |
3 |
| Commercial Law B1 |
3 |
| Economics B2 |
3 |
| Economics B3 |
3 |
| Economics B6 |
3 |
|
15 |
Fourth Year:
| Economics B5 |
3 |
| Economics B9 |
3 |
| History B2 or B3 |
3 |
| Economics C3 |
3 |
| Economics C4 |
3 |
|
15 |
FINANCE
Our industrial and commercial system is carried on by means of individual
business men, partnerships and corporations. The tendency is toward the corporate
form. Regardless of the form there is the necessity of financing the business and
no manager can hope to succeed without a knowledge of the problems involved in
this division of his responsibility. This course is designed to train the student in
the various methods of financing a business and to familiarize him with the profession
and functions of the investment banker through whom modern industry is
increasingly financed. The course also undertakes to familiarize the student with
the essentials of sound investment. It is assumed that there is no better way to
achieve this result than from the analysis of the life history of the corporation.
Third Year:
|
Session-hours |
| Commercial Law B1 |
3 |
| Economics B2 |
3 |
| Economics B3 |
3 |
| Economics B6 |
3 |
| Government B1 |
3 |
|
15 |
Fourth Year:
| Economics B5 |
3 |
| Another B course in Economics |
3 |
| Economics C1, C7 or C10 |
3 |
| Economics C4 |
3 |
| History B2 or B3 |
3 |
|
15 |
BANKING
The banking system constitutes so vital a part of the present economic organization
of society that it makes a commanding appeal (a) to those who wish to
become well informed with respect to financial institutions, (b) to those who expect
to engage in other business and (c) to those who plan to enter the profession
of banking. The financial system is the very heart of the present economic order
and the business executive in any field must have a sufficient knowledge of banking
to insure proper relations between his business and the banker. The course
is designed to provide a cultural knowledge of financial organization, to show the
interdependence of banking and business and to afford an adequate foundation for
a career in the banking profession.
BANKING
Third Year:
|
Session-hours |
| Commercial Law B1 |
3 |
| Economics B2 |
3 |
| Economics B3 |
3 |
| Economics B5 |
3 |
| Government B1 |
3 |
|
15 |
Fourth Year:
| History B2 or B3 |
3 |
| Another B course in Economics |
3 |
| Elective |
3 |
| Economics C2 |
3 |
| Economics C4 |
3 |
|
15 |
BUSINESS ORGANIZATION
The typical business unit of today is highly organized. The course in commerce
embraces a study of the principal forms of organization and their legal
status. Special attention is given to the growth of corporations and combinations,
to the study of the relative economic efficiency of small- and large-scale production
in various forms of business. The development of large marketing organizations
in recent times is also treated as a phase of the general movement toward
larger business units and wider co-operation in business.
In the courses in business organization one of the chief aims is to set forth
in their true relationships the fundamental principles of management which are
generally applicable in organized business today. Much stress is laid on such
factors as the promotion of initiative, incentive to effort, delegation of authority,
placement of responsibility and means of co-ordination in various forms of business
organization. The subject of "scientific management" is given considerable
emphasis.
Third Year:
|
Session-hours |
| Commercial Law B1 |
3 |
| Economics B2 |
3 |
| Economics B3 |
3 |
| Economics B5 |
3 |
| Government B1 |
3 |
|
15 |
Fourth Year:
| Economics B7 or B8 or C10 |
3 |
| History B2 or B3 |
3 |
| Economics B9 |
3 |
| Economics C4 |
3 |
| Economics C7 |
3 |
|
15 |
MARKETING
For many years inventive and administrative genius gave major attention to
the processes of production, while the distributive system was largely ignored.
As a result the distributive processes became relatively inefficient and today there
is a growing demand for more efficient methods of marketing and merchandising.
The course is designed to permit of a view of the distributive system as a whole
as well as the various methods of marketing and the problems which each method
involves. The work is so planned that the student will also gain a sound grasp
of the essentials of modern merchandising. The far-reaching changes now taking
place in distribution are such as to cause much concern to men in every field of
business and the course is designed to serve the needs of those who plan to enter
some phase of distribution as well as those who propose to engage in related fields.
Third Year:
|
Session-hours |
| Commercial Law B1 |
3 |
| Economics B2 |
3 |
| Economics B3 |
3 |
| Economics B5 |
3 |
| Economics B7 |
3 |
|
15 |
Fourth Year:
| Government B1 |
3 |
| Economics B8 or C10 |
3 |
| Economics B9 |
3 |
| History B2 or B3 |
3 |
| Economics C5 |
3 |
|
15 |
STATISTICS
A thorough training in the use of statistical data, as a guiding factor in
determining business policies, has come to be an assential part of the business
man's education. Until recently statistical facts were not subjected to scientific
treatment, but were generally dealt with in a rule-of-thumb manner or on a purely
quantitative basis.
The time has passed, however, when economists and business men can be
content with a mere compilation of facts or haphazard methods in their use.
Hence, the subject of statistics is recognized as a highly technical and complex
division of economic science.
The courses in statistics are designed to acquaint the student with sources of
statistical data and with approved methods of gathering and classifying the facts
to be used. Particular attention is given to legitimate processes for analysis
and comparison of the data obtained—including a study of averages, index numbers,
correlation, etc. An endeavor is made to develop initiative and resourcefulness
on the part of the student. The general course in statistics (Economics B5)
is required of all applicants for the B.S. in Commerce degree.
STATISTICS
Third Year:
|
Session-hours |
| Commercial Law B1 |
3 |
| Economics B2 |
3 |
| Economics B3 |
3 |
| Economics B5 |
3 |
| Government B1 |
3 |
|
15 |
Fourth Year:
| History B2 or B3 |
3 |
| Economics B6 |
3 |
| Economics B8 or C10 |
3 |
| Economics C4 or C6 |
3 |
| Economics C8 |
3 |
|
15 |
ECONOMICS OF LABOR
The present capitalistic method of production has brought with it many
problems of management. The intelligent management of workers is so important
a part of the administration of a business that it properly forms a subject by itself.
A satisfactory labor policy is now coming to be regarded as the most vital element
in business management. For the student interested in the labor side of business
administration there are several courses suggested below which will give him a
broad background for dealing with any problems of this nature which may come
up in his future business career.
An advanced course in labor problems is given for the student wishing to do
more advanced work in this field. An intensive study is made of the labor difficulties
arising out of economic activities connected with the production, exchange,
and distribution of wealth. This course aims to acquaint the student with the
many problems arising out of the relations of employer and employee; the philosophy,
policies, and methods of organized labor; unemployment; agencies for the
promotion of industrial peace, scientific management, etc.
Third Year:
|
Session-hours |
| Commercial Law B1 |
3 |
| Economics B2 |
3 |
| Economics B3 |
3 |
| Economics B5 |
3 |
| Government B1 |
3 |
|
15 |
Fourth Year:
| Economics B8 or C10 |
3 |
| Economics B9 |
3 |
| [1]
Sociology B1 |
3 |
| History B2 or B3 |
3 |
| Economics C6 |
3 |
|
15 |
TRANSPORTATION
The subject of transportation under modern conditions is very complex. The
principles governing railroad transportation are in many respects different from
those governing water transportation, and those governing motor transportation
different from either. The subject of ocean shipping, including freight rates and
handling facilities, is taken up in connection with Foreign Trade.
On account of its great importance the study of railroad transportation is
receiving increasing attention from students in commerce and business. The work
in this subject covers the economic principles of railroad transportation, the
location of systems, operating revenues and expenditures, railway finance, accounting,
reorganizations and receiverships. Attention is directed to the organization
of the freight and passenger services, the general forms of corporate organization
and the relationship of the railroad to the general public. Special emphasis is
placed upon the character and development of rate-making agencies and systems,
and the relationship between railroad rates and industrial growth. Recent developments
in motor vehicle and aeroplane transportation are also studied in their
relation to other forms of transportation.
Third Year:
|
Session-hours |
| Commercial Law B1 |
3 |
| Economics B2 |
3 |
| Economics B3 |
3 |
| Economics B6 |
3 |
| Government B1 |
3 |
|
15 |
Fourth Year:
| Economics B5 |
3 |
| Economics B8 |
3 |
| Economics C1 |
3 |
| Economics C10 |
3 |
| History B2 or B3 |
3 |
|
15 |
FOREIGN TRADE
The work in this field is made up of a number of courses dealing with the
various phases of commerce and trade. The economic resources and development
of the principal trading countries of the world are studied, particular attention
being given to their relationship to American Commerce. In the treatment of
ocean navigation and trade routes, special emphasis is placed upon the underlying
principles governing the movement of commodities. The principal purpose of
the courses suggested below is to give a broad economic training for those young
men who are pursuing the academic part of their preparation for business.
An advanced course in foreign trade is also given, which deals with the forms
and methods of commerce, business practices abroad, foreign tariffs, sales methods,
and foreign exchange. This course is given not only for those students who
expect to make a special vocation of exporting or importing, but also for the
future business men who will have occasional contact with problems in foreign
marketing in the conduct of domestic businesses. Special emphasis is placed upon
the theory of foreign trade and its practical application to governmental and broad
business policies.
FOREIGN TRADE
Third Year:
|
Session-hours |
| Government B1 |
3 |
| Economics B2 |
3 |
| Economics B3 |
3 |
| Economics B5 |
3 |
| Commercial Law B1 |
3 |
|
15 |
Fourth Year:
| History B2 or B3 |
3 |
| Government B2 |
3 |
| Economics B7 |
3 |
| Economics C5 |
3 |
| Economics C10 |
3 |
|
15 |
INSURANCE
The function of insurance is to distribute the risks of business or life over a
large number of individual units. True insurance is a means by which the risks
of economic loss are transferred from the individual to a group or association.
In many fields to which it is applied, it is possible by scientific calculation to
determine average losses to a reasonable degree of accuracy. Thus, today insurance
itself has become one of the largest of all forms of business.
The course is designed mainly to lay a broad foundation for the student in
the principles and practice of insurance. Consideration is given to its development,
its forms and uses, types of insurance organizations, and its general function
in relation both to business and the State.
Third Year:
|
Session-hours |
| Commercial Law B1 |
3 |
| Economics B2 |
3 |
| Economics B3 |
3 |
| Economics B5 |
3 |
| Government B1 |
3 |
|
15 |
Fourth Year:
| Economics B10 |
3 |
| History B2 or B3 |
3 |
| Sociology B1 |
3 |
| Economics C3 |
3 |
| Economics C1 or C4 |
3 |
|
15 |
