Graduate Standing. Admission Into the MSM Degree Program

Master Syllabus: MSM 6605 2

TROY UNIVERSITY
MASTER SYLLABUS
SORRELL COLLEGE OF BUSINESS

MSM 6605
Business Theories and Concepts

Prerequisites

Graduate standing. Admission into the MSM degree program.

Description

The study of foundational business and economic theories, concepts, principles, and practices in private, public, and not-for-profit organizations. Students examine business and economic theories and concepts essential for effective leadership application and practice. This course is required for MSM students and must be completed with a grade of B or higher in the first term of the program.

Student Learning Outcomes

On completion of the course, the student should be able to:

Identify and describe major business theories and concepts relevant to modern management thought.

1. Define and describe fundamental economic ideas, including comparative economic systems, concepts of supply and demand, key economic indicators, fiscal and monetary government policies.

2. Discuss corporate ethical behavior and social responsibility.

3. Identify and explain marketing concepts, including the product, pricing, distribution, and promotion marketing mix factors.

4. Construct key financial statements including the income statement and balance sheet.

5. Analyze financial performance using financial ratios.

6. Describe financial forcasting, short-term and long term financing, and the basics of financial markets.

7. Identify business legal concepts, including tort law, contracts, consumer protection, warrenties and negotiable instruments, patents, trademarks, copyrights, and laws that regulate competition.

Purpose

To provide a course leading to a fundamental understanding of foundational business and economic theories and concepts relevant successful organizational leadership, including cultivating business in diverse and global environments, managing human resources, marketing plans, and financial resources. The course is intended for students without a baccalaureate or prior master’s graduate degree in a business field. This course must be taken first in the sequence of courses leading to an MSM degree.

Approved Texts

Nickels, W. G., McHugh, J. M., & McHugh, S. M. (2012 or current). Business: Connecting principles (1st. ed.) McGraw-Hill, Irwin Publishing.

APA Style Manual – required for every student in the MSM program.

Troy University Faculty Handbook (2010): Section 3.9.2.8 [extract] — essential elements of the syllabus (somewhat modified for space):

1.  Course title
2.  Course number + section
3.  Term
4.  Instructor
5.  Prerequisites
6.  Office hours
7.  Class days, times / 8.  Classroom location
9.  Office location + e-mail address
10.  Office telephone
11.  Course description, objectives
12.  Text(s) / 13.  Other materials
14.  Grading methods, criterion weights, make-up policy, mid-term grade reports
15.  Procedure, course requirements / 16.  General supports (computer works, writing center)
17.  Daily assignments, holidays, add/drop & open dates, dead day, final exam / 18.  ADA statement
19.  Electronic device statement
20.  Additional services, statements
21.  Absence policy / 22.  Incomplete work policy
23.  Cheating policy
24.  Specialization requirements (certification, licensure, teacher competencies)