Introduction to macroeconomics principle, theories of output, consumption, inflation, unemployment, fiscal and monetary policy, international monetary system. ICMB 202 Microeconomics
Introduction to microeconomics principles, pricing theory, economic scarcity, consumer behavior, production costs, market structure, utility analysis, and distribution of income. ICMB 211 Fundamental Financial Accounting
Business transactions and financial statements. evolution of accounting, recording and classifying financial transactions, the preparation of financial statements, characteristics of various types of accounts, the accounting principles, and the usefulness and limitations of accounting information. ICMB 212 Managerial Accounting
Prerequisites: ICMB 211
Cost accounting and the role of managerial accounting in planning, organizing, controlling functions, and decision support. ICMB 221 Principles of Marketing
Managerial marketing, product management, channel of distribution, price system, promotional activities, and introduction to consumer behavior. ICMB 232 Essentials of Management
The basic management functions, the basic skills required in management, principles of management developed, the necessary attributes of a manager, and coverage of significant management theories, introduction to mini-case studies involving group work as a member of a management team. ICMB 233 Human Resource Management
Theories, practices and concepts of people management in organization, and the relationship between human resource management and organizational performance. ICMB 281 Computers in Management
The impact of modern information technology on the structure and management of organizations, basic computer literacy use of application programs as communication tools (primarily e-mail, word processors, database management systems, spread sheets, and presentation graphics). ICMB 341 Business Law
Business law, regulations, elements of contract, property law, employment law, partnership and corporation law. ICMB 351 International Business Management
Prerequisite: ICMB 232
International business operations, organization structure, finance and accounting systems, taxation system, marketing strategy, cultural differences, global trade, capital markets and economic growth, the impact of regional trading blocs, corporate global competitiveness, and global strategies. ICMB 363 Management Science
Prerequisite: ICNS 104
Model building as a foundation for rational decision making and problem solving, linear and nonlinear programming, network models, queuing analysis, probability and decision theory, non-parametric statistics, and simulation, computer software applying these techniques in the analysis of a wide variety of decision problems. ICMB 371 Business Finance
Prerequisite: ICNS 104, ICMB 211
An introduction to the principles of financial management, the role of finance within the firm, the firm and its objectives, time value of money, valuation of financial assets, capital budgeting techniques, risk and return, costs of capital, estimation and forecasting of cash flows, project evaluation, and other financial management tools. ICMB 372 Financial Management
Prerequisite: ICMB 371
Financial policies affecting decision making in financial management, the differences in the need for finance in terms of the operational characteristics of particular industries, long-term financial planning, net working capital management, asset pricing theory, efficient market hypothesis, capital structure, and dividend policy. ICMB 431 Strategic Management
Prerequisite: ICMB 351, Seniors
The fundamental elements of organizational management strategy, the process and frameworks of strategic management, the internal and external environment, the mission of the organization, organizational objectives and policies, and business strategy. ICMB 491 Practical Business Training – On Campus (8-cr.)
Prerequisites: Juniors, Seniors
Serving an internship at MUIC’s training facility, learning the day to day operations of the business, emphasizing on the importance of planning and control. ICMB 493 Directed Research (8-cr.)
Prerequisite: Juniors, Seniors, Pre-registration
Developing a research paper concerning a current business, stating a hypothesis, collecting data and interpreting the data through proven testing methods, and reporting results.