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Catalog 2011-2012
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International Business, B.S. (IBBS)
Requirements List for 2011-2012
About the School of Business - About International Business - Major Program
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BACT 2103   Principles of Financial Accounting
An introduction to the accounting process, with emphasis on identifying, recording, classifying, and interpreting transactions and other events relating to proprietorships and partnerships. Class 3.
 
BACT 2113   Principles of Managerial Accounting
A continuation of BACT 2103, examining accounting procedures for corporations, financial statement analysis, and managerial uses of accounting data. Class 3. Prerequisite: BACT 2103.
 
BACT 4303   International Accounting
A study of the accounting principles and procedures attendant to the globalization of business with emphasis on the current status of the internationalization of accounting and the impacts that it has on accounting practices in the U. S. Class 3. Prerequisites: At least three semesters of accounting and BACT 2103. (Spring, Odd years)
 
BECN 2103   Macroeconomics
An introduction to the nature and theory of Economics and the theoretical tools of macroeconomics. The course includes the introduction of supply and demand, examination of national income accounting, the role of government to include fiscal and monetary policy, the American banking system, and international trade. Class 3. (Fall)
 
BECN 2203   Microeconomics
A study of microeconomics beginning with demand and supply theory and continuing with examination of the costs of production, price and output determination under pure competition, monopoly, oligopoly, and monopolistic competition (the study of price-taking and price-searching firm). Class 3. (Spring)
 
BECN 4303   International Economics
This course provides an experience-based approach to international economics issues, including trade theory, trade policy, balance-of-payments accounts, foreign exchange, international financial markets, and international economic policy. (Offered by international study program participation only) Class 3.
 
BFIN 3113   Financial Management
A study of financial strategy in the processes of obtaining and managing funds of the corporation. Included are cash flow and working capital management, capital financing models, dividend and stock policy, and the examination of expansions and mergers. Class 3. Prerequisite: BACT 2103. (Spring)
 
BFIN 4303   International Finance
In this course, students explore the international financial environment, including international financial markets and international flow of funds. Other topic include exchange rate behavior and risk management, financing international trade, international cash management, direct foreign investment, multinational capital budgeting, and country risk analysis. Class 3. Prerequisites: BECN 2103, BFIN 3113, and BUSI 3423. (Spring, Odd years)
 
BIBL 1033   Biblical Literature
This survey provides an overall perspective for understanding the Bible within its historical and cultural setting. The course will focus on the reading of significant portions of the Bible so that students may grasp the framework and themes of the Old and New Testaments as well as the relationship between the Testaments. Throughout the course students will also develop skills in interpreting and applying the Bible to contemporary situations. Class 3.
 
BIBL 1043   Biblical Foundations For Living (L)
An introductory course highlighting the relationship between Biblical teaching and contemporary Christian living. This initial experience in the integration of faith and learning focuses on principles of Biblical interpretation and application. Students learn how to interpret core Biblical passages so as to give guidance for some of the tough issues Christians face today. Class 3.
 
BIBL     Jr.-Sr. Level Elective
Any Junior or Senior (3000 or 4000) level Bible (BIBL) course. Class 3.
 
BIBL     Jr.-Sr. Level Elective
Any Junior or Senior (3000 or 4000) level Bible (BIBL) course. Class 3.
 
BMGT 2303   Principles Of Management (L)
An introductory survey to the fundamental principles of management and the functions of planning, organizing, and controlling. The course provides the student with a basis for thinking about complex business operations as they relate to the management process. Class 3.
 
BMGT 3313   Organizational Behavior (L)
The study of various organizational structure models and supporting theory; organizations as complex system; organizational behavior; individual and group dynamics in the business environment; organization development and change. Class 3. Prerequisite: BMGT 2303. (Fall)
 
BMKT 2503   Principles Of Marketing
Foundational course in the study of business where the emphasis is on studying the marketing concept of discovering and satisfying needs for products (goods, services, and intellectual property). The marketing functions/marketing mix of product, price, promotion and place (distribution) are studied along with creating customer value within the marketing environmental forces, constraints of the organizational resources, and a relationship marketing dynamic. The development of a marketing plan for a real product brings all this study to a practical understanding and application, preparing the student for the real world experience. Class 3.
 
BMKT 4303   International Marketing
An analysis of the strategies to participate competitively in the global marketing environment. This includes an analysis of the elements of an import-export operation, a multinational company, all the way to a geocentrically oriented global marketing operation. Special attention is given to cross-cultural requirements from the design of products (goods and services) to promotion, advertising, sales, and servicing. Class 3. Prerequisites: Junior or Senior standing. BMKT 2503 and BUSI 4313. (Fall, Odd years)
 
BUSI 3103   Business Law
A study of the principles of business law covering the fields of contracts, agencies, personal property, sales, negotiable instruments, partnerships, and corporations. Class 3. (Fall)
 
BUSI 3403   Business Ethics (L)
This course involves a study of management/business policies and practices as they relate to contemporary moral and ethical issues in the work place. It includes an examination of issues such as equity and fairness, individual privacy rights, corporate social responsibility, moral aspects of capitalism, equal employment opportunities, sexual harassment, and others. Stress is placed upon historic Judeo-Christian ethical principles and their application to clarify personal values and improve management decision making. Class 3. Prerequisite: Junior or Senior standing. BMGT 2303. (Fall)
 
BUSI 3423   Business Research Methods
The focus of this course is on using business forecasting for managerial decision making. Topics include data analysis, reviewing of inference, distributions, and descriptive statistics, and collection and presentation of data. Statistical techniques covered include auto regression, ANOVA, linear and multiple regression, nonparametric tests, and other advanced statistical techniques. Students will learn to use forecasting techniques such as moving average, exponential smoothing among other to forecast profits and sales. Use of statistical software such as SPSS, Minitab, or Excel is included. Class 3. Prerequisite: MATH 1423 with a grade of C or higher. (Spring)
 
BUSI 4313   International Business
A study of world trade and of the problems and issues faced by a business when it goes into the international market. Included is the study of cultural impacts, monetary exchange complications, and the problems faced by multinationals related with dealing in foreign legal and social environments. Class 3. Prerequisite: BECN 2103. (Spring)
 
BUSI 4803   Strategic Management (L)
The functional integration of all business disciplines in formulating, implementing, and evaluating business strategies. Case analyses and game simulations supplement lectures and discussions. Class 3. Prerequisites: Senior standing, BACT 2113, BMGT 2303, and BFIN 3113. (Spring)
 
BUSI 4924   Business Internship
The student will receive supervised experience in performing duties in an actual business environment with emphasis on observing the management decision making process involved in the conversion of resources into sales of goods and/or services.
For International Business students, this course is part of a 16 credit hour international studies experience.
Class 1-4. Prerequisite: Consent of Instructor. (On Demand) 4 total hours needed.
 
CCLT 2103   Cross-cultural Communication
A study of human communication across cultures. The role of economic, political, technological, social, and religious values in the communication process will be studied. Principles of verbal and non-verbal intercultural communication will be discussed. Class 3. (Spring, Odd years) Minimum grade of 'C' required.
 
COMM 1113   Introduction To Speech Communication
A study of basic oral communication principles, including verbal and nonverbal language, listening, group dynamics, and public speaking. Emphasis is upon application of these principles in the sending and receiving of different types of oral discourse. Class 3.
 
ENGL 1013   English Composition I
A study of effective writing, reading, and speaking. Emphasis is on effective personal and expository writing. (This course must be completed before reaching Junior standing.) Class 3. Prerequisite: Qualification on ACT or SAT exam or completion of ENGL 1004 with a grade of D..
 
ENGL 1023   English Composition II
A study of argumentation/logic and writing for the professions with an emphasis on using the personal computer to plan, draft, and revise written projects. Each student is required to write a fully documented research paper and give oral presentations in class. (This course must be completed before reaching Junior standing.) Class 3. Prerequisite: Completion of ENGL 1004 with a grade of C or better or ENGL 1013..
 
ENGL     Literature Elective
Any ENGL 2000+ level courses <b><u>except</u></b>:
ENGL 2011 Applied Journalism
ENGL 2603 Creative Writing
ENGL 3213 Technical Writing
ENGL 3223 Advanced Grammar and Composition
ENGL 3403 Journalism-Publications
ENGL 3413 Visual Literacy
ENGL 3931 English Internship
ENGL 4023 Writing for Digital Media
ENGL 4913 Literary Criticism
ENGL 4923 History of the English Language
ENGL 4931 Digital Writing Practicum
Class 3.
 
HIST     History Elective
Any History (HIST) course. Class 3.
 
KINE     Physical Activities
Offerings include: aerobics, archery, action games, badminton, basketball, bowling, fitness, flag football, golf, racquetball, scuba diving, soccer, swimming, tennis, volleyball, weight training, etc. (Half of semester.) Class 1.
 
KINE 1512   Concepts Of Lifetime Fitness
General studies requirement under Kinesiology. The course examines various concepts of health and physical fitness with the purpose of encouraging the student to establish positive patterns of activity and healthful living. Class 2.
 
LETU 1101   Cornerstones Of Life And Learning (L)
This course introduces students to the LeTourneau University community and prepares them for the pursuit of whole person education and lifelong learning. It helps students explore and learn how to fulfill God's unique design for their lives through a holistic approach that establishes four essential cornerstones of life and learning: personal, intellectual, spiritual, and community development. Class 1.
 
MATH 1203   College Algebra With Applications
A study of linear and quadratic equations, exponential and logarithmic functions, and linear inequalities with emphasis on business applications. This course may not be taken for credit by anyone who has passed MATH 1303, MATH 1603, or MATH 1903 with a grade of C or better. Class 3. Prerequisite: MATH 1123 or equivalent.
 
MATH 1423   Elementary Statistics
An introductory treatment of research statistics. Included are frequency distribution, graphic representation, correlation, sampling theory, probability, and statistical hypotheses. Not applicable to graduation requirements in mathematics or engineering. Class 3. Prerequisite: MATH 1123 or equivalent.
 
      Elementary Foreign Language I
May be chosen from:
GREE 1113, HEBR 1113, KORE 1113, RUSS 1113, or SPAN 1113
Class 3. 3 total hours needed.
 
      Elementary Foreign Language II
May be chosen from:
GREE 1123, HEBR 1123, KORE 2113, RUSS 1123, or SPAN 1123
Class 3. Prerequisite: Elementary Foreign Language I. 3 total hours needed.
 
      Intermediate Foreign Language I
May be chosen from:
GREE 2113, RUSS 1124 or SPAN 2113
Class 3. Prerequisite: Elementary Foreign Language II. 3 total hours needed.
 
      Intermediate Foreign Language II
May be chosen from:
GREE 2123 or SPAN 2123
Class 3. Prerequisite: Intermediate Foreign Language I. 3 total hours needed.
 
      Lab Science Elective
May be chosen from:
BIOL 1014 Life Science
PHYS 1014 Physical Science
PHYS 2514 Astronomy
CHEM 1113 CHEM 1111 General Chemistry I, Lab
CHEM 1123 CHEM 1121 General Chemistry II, Lab
PHYS 1113 PHYS 1111 General Physics I, Lab
PHYS 1123 PHYS 1121 General Physics II, Lab
PHYS 2013 PHYS 2011 University Physics I, Lab
PHYS 2023 PHYS 2021 University Physics II, Lab
GEOL 1114 General Geology I
GEOL 1124 General Geology II
Class 3. Lab 1.
 
      Lab Science Elective
May be chosen from:
BIOL 1014 Life Science
PHYS 1014 Physical Science
PHYS 2514 Astronomy
CHEM 1113 CHEM 1111 General Chemistry I, Lab
CHEM 1123 CHEM 1121 General Chemistry II, Lab
PHYS 1113 PHYS 1111 General Physics I, Lab
PHYS 1123 PHYS 1121 General Physics II, Lab
PHYS 2013 PHYS 2011 University Physics I, Lab
PHYS 2023 PHYS 2021 University Physics II, Lab
GEOL 1114 General Geology I
GEOL 1124 General Geology II
Class 3. Lab 1.
 
      General Elective
Any course that is not used to meet any of the major degree requirements. Class 3.
 
      General Elective
Any course that is not used to meet any of the major degree requirements. Class 3.
 
      General Elective
Any course that is not used to meet any of the major degree requirements. Class 3.
 
      General Elective
Any course that is not used to meet any of the major degree requirements. Class 3.
 
      Fulfill English Proficiency Requirement
All students must demonstrate proficiency in English by passing either the English Proficiency Examination or ENGL 1001 English Review. Completion of this requirement by exam must take place before a student reaches senior status, otherwise ENGL 1001 must be taken every semester after reaching senior status until successfully completed.
 
Total Hours: 127
Notes: Sixteen of the credit hours for this degree must be earned as part of the international studies experience (such as LASP), including 6 hours of foreign language, BECN 4303, BUSI 4924 and BMKT 4303. The sequence sheet suggests the Seventh (7th) semester as an overseas semester.
The internship can be accomplished either during the spring or fall semester or during the summer. In any event, it normally is registered for during either a spring or fall semester as part of the 12-18 hour package, but not during summer school, thereby not incurring additional tuition cost to the student.