Boston began its commercial life as a center for maritime trade, and later evolved into a leader of the Industrial Revolution, with textile mills dominating the New England landscape. Today, with an economy driven by industries such as financial services, health care and life sciences, high technology, higher education, consulting, and visitor services, Boston boasts a thriving business community with strong national and international ties.
Students in the Business and Management track will gain valuable opportunities to explore business-related areas such as accounting, banking, corporate finance, marketing, and personnel management.
Fun Facts:
- In 1924, a Boston stockbroker introduced the nation's
first mutual fund.
- The first true commercial bank in the nation, Massachusetts
Bank, was established in 1784.
- Higher education plays a major role in the Boston economy:
Boston University is the fifth largest employer in Boston and
among the 25 largest employers in Massachusetts.
Summer 1: Courses (May 19-June 26, 2009)
You'll spend your first six weeks of the Summer Study Internship Program taking two courses chosen from select business and management offerings. There are two alternatives available under the Business and Management track: one for students with only limited exposure to business, and one for students who are majoring in business and have already taken several core business courses.
Summer 2: Internship (July 6-August 14, 2009)
For the second six weeks of the program, you'll be placed as an
intern in a Boston area organization or business that matches
your interests and experience. You should expect to work a minimum
of 35 hours a week, for five days a week.
Summer Study Internship Course (May 22-August 11, 2009)
The Summer Study Internship Course begins in Summer 1 and through Summer 2. 2 cr.
The courses below were available in Summer 2008. Check back on December 15 for an updated list of classes for Summer 2009.
Business and Management Summer 1 Courses—Non-Business
Majors Track (pick two):
CAS EC 101 Introductory Microeconomic Analysis
One semester of a standard two-semester sequence for those considering further work in management or economics. Economics of households, business firms, and markets; consumer behavior and the demand for commodities; production, costs, and the supply of commodities; price determination; competition and monopoly; efficiency of resource allocation; governmental regulation; income distribution; and poverty. 4 cr.
CAS EC 102 Introductory Macroeconomic Analysis
One semester of a standard two-semester sequence for those considering further work in management or economics. National economic performance; the problems of recession, unemployment, and inflation; money creation; government spending and taxation; economic policies for full employment and price stability; and international trade and payments. 4 cr.
MET AC 201 Accounting I
Basic principles of financial accounting underlying transaction analysis and the preparation of financial statements. Requirement for accounting degree candidates. 4 cr.
MET MG 301 Introduction to Management
A look at the management of an enterprise from the perspective of the chief executive officer. Covers the functions of organizing for successful management. Survey of theories and techniques. Examination of case studies. 4 cr.
MET MG 410 Entrepreneurial Management: Starting, Innovating, and Managing Small-, Medium-, and Large-Sized Ventures
Covers the four key elements of successful entrepreneurial management: choosing a business, organizing, financing, and marketing. Includes preparing a business plan, becoming an entrepreneur, raising venture capital, selling, negotiating, and building an effective organization. Topics given special consideration are the practice of innovation, the art of leadership, and how to relate talents to succeeding in an innovative managed venture and technology management. 4 cr.
MET MG 503 Business in a Changing Society
Prereq: advanced standing or consent of instructor. An examination of the management process and the social environment in which organizations operate, including a discussion of the manager's responsibilities to employees, customers, stockholders, and society. 4 cr.
SMG AC 221 Financial Accounting
Prereq: SMG SM 121/122 or SMG SM 299, sophomore standing. Sophomore requirement. Basic concepts underlying financial statements and accounting procedures used in preparing statements of financial position, income statements, and statements of cash flow. Stresses the interpretation, analysis, and evaluation of published financial statements. 4 cr.
SMG SM 101 Introduction to Business
Prereq: none. A broad introduction to the nature and activities of business enterprises within the United States economic and political framework. Course content introduces economic systems, essential elements of business organization, production, human resource management, marketing, finance, and risk management. Key objectives of the course are development of business vocabulary and a fundamental understanding of how businesses make money. 4 cr.
SMG SM 105 Introduction to Marketing
Prereq: none. How is it that some products succeed and some fail? In many instances, the difference is in their marketing strategy. This class examines key areas of marketing including product development, advertising, promotions, pricing, and retailer decisions. Uses a combination of in-class exercises, real world examples, cases, lecture, and discussion. 4 cr.
Business and Management Summer 1 Courses—Business Majors
Track (pick two):
CAS EC 341 Monetary and Banking Institutions
Prereq: CAS EC 202 or EC 212 or EC 304. Survey of commercial and central banking institutions. Examination of macro relations between financial organizations and principal objectives of stabilization policy. 4 cr.
CAS EC 391 International Economics I
Prereq: CAS EC 201 or EC 211 or EC 303. The pure theory of international trade. Topics covered include comparative advantage and gains from trade; tariff and nontariff barriers to trade; and case studies in international economics policy. 4 cr.
MET FI 512 Financial Markets and Institutions
Prereq: MET FI 302. Investigation and analysis of organization, structure, and performance of U.S. money and capital markets, and institutions. Examines regulation of the financial industry and the role of financial instruments. 4 cr.
MET MG 410 Entrepreneurial Management: Starting, Innovating, and Managing Small-, Medium-, and Large-Sized Ventures
Covers the four key elements of successful entrepreneurial management: choosing a business, organizing, financing, and marketing. Includes preparing a business plan, becoming an entrepreneur, raising venture capital, selling, negotiating, and building an effective organization. Topics given special consideration are the practice of innovation, the art of leadership, and how to relate talents to succeeding in an innovative managed venture and technology management. 4 cr.
MET MG 503 Business in a Changing Society
Prereq: advanced standing or consent of instructor. An examination of the management process and the social environment in which organizations operate, including a discussion of the manager's responsibilities to employees, customers, stockholders, and society. 4 cr.
SMG FE 442 Money, Financial Markets, and Economic Activity
Prereq: SMG FE 323. Required for finance concentrators. The role of money and the importance of interest rates in determining economic activity; determinants of level of interest rates. The nature and operation of central banks; the goals and instruments of monetary policy. The role of depository and nondepository financial institutions. The characteristics of primary and secondary markets, money and capital markets; instruments traded in these markets. Role of derivative securities; issues in the financial system. 4 cr.
SMG FE 445 Investment Analysis and Portfolio Management
Prereq: SMG FE 323. Required for finance concentrators. Introduction to the investment management process. Defining investment objectives and constraints. Introduction to Modern Portfolio Theory, CAPM, APT, Efficient Markets, stock and bond valuation models. Immunizing interest-rate risk. Active vs passive investment strategies, fundamental vs technical analysis, trading practices, and performance evaluation. Introduction to the role of futures and options in hedging and speculation. Students are expected to become familiar with current events in the financial news. 4 cr.
SMG MK 468 Advanced Marketing Strategy
Prereq: SMG MK 323. Provides the insight and skills necessary to formulate and implement sound marketing strategies. The process of strategy formulation is divided into three stages: strategic analysis, strategic decision making, and implementation of strategies. Specific topics include strategic planning, customer decision making, life cycle, segmentation, product positioning, market response, competitive behavior, new product development, product line management, and the marketing plan. Includes both lecture and case analysis. 4 cr.
SMG MK 486 Internet Marketing
Prereq: SMG MK 323. This course is an in-depth look at e-commerce from a marketing perspective. Topics include an investigation of current e-business models, website analysis, customer acquisition and retention strategies, and consumer behavior on the Internet. Students explore e-commerce marketing through lectures, class discussion, guest speakers, text readings, cases, and interactive exercises. 4 cr.
