Loyola University Chicago

Summer Sessions

Quinlan School of Business Course Descriptions

Listed below are the course descriptions for Quinlan School of Business Summer Sessions courses.


ACCT 201 Introductory Accounting I
Prerequisite: MATH 100 and Pre/Co-requisite MATH 117 or Math Placement Test

The major emphasis is on the development and reporting of accounting information for use by investors, creditors, and others. The student is required to develop skills in the preparation and use of accounting information and must demonstrate an understanding of the accounting process, and be able to evaluate the impact of estimates, alternative accounting principles, and the limitations of the accounting model on accounting information. Topics include preparation and use of financial statements; the accounting process; and the measurement and reporting of income, assets, liabilities, and owners’ equity. The student will be able to understand the underlying principles, design, concepts, limitations, and the necessity of accounting systems. The student will gain an appreciation of the uses of financial data and financial statements and their impact on business decisions.

ACCT 202 Introductory Accounting II
Prerequisites: A minimum grade of "C-" in ACCT 201.

This course highlights the differences between financial accounting and managerial accounting. The course begins by completing the study of transactions and events affecting financial statements. The cash flow statement is then explored in some detail. Finally, financial statement analysis as traditionally practiced, is considered a capstone for financial accounting. The course then focuses on the use of accounting data by management. Product costing in a manufacturing setting, assigning of costs to objects, learning how costs behave, and the use of accounting data by management in planning operations, controlling operations, and in short term decision making are all investigated.

Students will be able to understand the differences between cash and accrual accounting, the use of ratio analysis in investing and managing decisions, the value and importance of identifying and allocating costs, and the methods involved in the budgeting process.

Business Administration

BSAD 220 Career Preparation
Prerequisite: Sophomore Standing.

Internship and Career Preparation introduce students to the critical skills required for successful career development and job search navigation. Students will learn about career development; develop job/internship search skills; establish a job/internship search action plan and begin to become oriented to employer research. Topics addressed will include resume/job search correspondence; interviewing skills; network building; career & employer research and career development resource building.

BSAD 300 Business Internship 

Prerequisite:  Sophomore standing

Business Internship for elective credit is for SBA students, and non-SBA students pursing a minor in the School of Business, who wish to earn academic, elective credit while pursuing an internship opportunity.  The course is variable credit from 1-3 hours and may be repeated for credit for a total of 3 earned hours.  BSAD 300 is not a course for credit in any SBA major or minor

BSAD 343 Business Analytics
Prerequisites: Junior Standing, "C-" or better in both ISSCM 241 and either MATH 131 or 161

This course covers basic principles in data modelling, and turning big data into intelligent actionable insights. Through the use of real business case studies and lab sessions students will develop a comprehensive, innovative and practical approach to data analytics that enables them to solve diverse and complex business problems. Students will be able to explain core design concepts, appraise various technological solutions, determine proper analytics methods, integrate data visualization, and make a compelling presentation of a novel use case depicting current market trends.

BSAD 351 Business Internship-Civic Engagement
Prerequisites: Junior standing, School of Business student, & "C-" or better in BSAD 220

Business Internship connects academic learning with the internship experience. Students will be challenged to analyze the theory and practices from the world of work that impact the ethics of leading, interpersonal and organizational dynamics, and competent work place contributions required for success in the modern business world. Concepts associated with internship/experiential learning as related to career development will be addressed. 

Students must be working in an internship during the term of enrollment into BSAD 351.


ECON 201 Principles of Microeconomics
Requirement: ANTH 100, PLSC 102, PSYC 100 or SOCL 101 for students admitted to Loyola University for Fall 2012 or later. No requirement for students admitted to Loyola prior to Fall 2012 or those with a declared major or minor in the Department of Anthropology, Department of Criminal Justice, Department of Economics, Department of Psychology, Department of Political Science, the Department of Sociology, Human Services or the School of Nursing.

This course is an introduction to demand and supply, consumer choice, price analysis in alternative industrial organizations, and the distribution of income.  Students will be able to think critically about price formation in different market structures, and how prices, household incomes and income distribution in a diverse society are determined with interpretations based on the concepts of opportunity costs and decision making under uncertainty.

ECON 202 principles of Macroeconomics
Requirement: ANTH 100, PLSC 102, PSYC 100 or SOCL 101 for students admitted to Loyola University for Fall 2012 or later. No requirement for students admitted to Loyola prior to Fall 2012 or those with a declared major or minor in the Department of Anthropology, Department of Criminal Justice, Department of Economics, Department of Psychology, Department of Political Science, the Department of Sociology, Human Services or the School of Nursing.

This course is an introduction to national product, its components, money and the real sectors and business fluctuations. Students will be able to think critically about the economic environment of the nation and to measure growth, unemployment, inflation, fiscal and monetary policies of the government, to ultimately understand economic stability and the welfare of the individual citizen.

ECON 303 Intermediate Microeconomics
Prerequisites: Sophomore standing, minimum grade of "C-" in ECON 201 and 202.

This course is a detailed study of consumer and firm behavior, market structures, and the elementary propositions concerning welfare economics. Students will develop analytical skills to understand and predict consumer and firm behavior, understand the underlying pinning of antitrust legislation and dynamic market strategies.


FINC 301 Introductory Business Finance 

Prerequisite:  Sophomore Standing and C- or better in ECON 201, ISSCM 241, ACCT 201.  ACCT 201 can be taken as co-requisite.

The objective of this course is to provide students with a basic understanding of the general principles of business finance: capital investment, financing, capital structure, and related areas including the basics of valuation. Students will demonstrate basic knowledge of financial analysis, time value of money, financial decision making, the valuation of financial and physical assets, the risk-return tradeoff, capital budgeting, and dividend policy.

FINC 334 Principles of Corporate Finance 

Prerequisites:  Sophomore standing and "C-" or better in ECON 201, ISSCM 241, ACCT 201, MATH 131 or MATH 161. (ACCT 201 may taken as a co-requisite).

This course provides students with a foundational and integrated knowledge of corporate finance. Topics include discounted cash flows, firm valuation, capital budgeting, principals of the risk and return relationship, market efficiency, capital structure, and financing.  Students will will be asked to independently complete the Bloomberg Market Concepts (BMC) course. Students will demonstrate knowledge of valuation principles, raising funds for investment decisions, capital investment choices, risk and return relationship, capital markets and instruments, all in the context of real-world problems and situations

FINC 335 Investments
Prerequisites: Sophomore standing and minimum grade of "C-" in FINC 334, FINC 334H or FINC 332.

This course is an introductory course of capital market theory, which includes the topics of risk and return analysis of stocks, bonds and cash equivalents; modern portfolio theory; bond pricing, the term structure of interest. Students will be able to demonstrate the analytical tools and finance theory necessary for making good investment decisions and for understanding the pricing of financial securities.

FINC 346 Introductions to Options
Prerequisites: Junior standing; Minimum grade of "C-" in FINC 335. 

This class offers a comprehensive introduction to options, including a detailed examination of option markets, option properties, trading strategies using options, binomial tree and Black-Scholes valuation models, and hedging strategies using options. Students will be able to demonstrate an understanding of option markets, option pricing models, and how options can be used to hedge risks.

Information Systems and Supply Chain Management

ISSCM 241 Business Statistics
Not open to students who have completed STAT 103.

This course examines the steps and procedures required to solve problems in science, social science, and business where data are useful - from the definition of the managerial problems to the use of statistical analysis to address these problems.

INFS 247 Business Information Systems
This course studies methods for analyzing, developing and implementing business information systems.  Stages of the systems development life cycle are explored in depth.  Tools and techniques for structured and object-oriented analysis and design are discussed. Students will be able to demonstrate understanding of statistical thinking and data analysis technique for decision-making purposes. Outcome: Understanding of the development and implementation of business information systems.

ISSCM 393 Requirements Analysis and Communication 

Prerequisites: Junior Standing, minimum grade of "C-" or better in ISSCM 247.

This course focuses on Information Systems requirements and related communication skills.  Students will learn how to gather requirements for Information Systems from an organizationÂżs users and executives based on a general understanding of organizations and business goals.  Students learn techniques of how to translate between organizational needs and requirements for systems and processes, and how to analyze, validate, and prioritize those requirements.  A special focus of the course will be to improve business communication skills such as interviewing, listening, presenting and negotiating.


SCMG 332 Operations Management
Prerequisite: Junior standing, C- or better in ISSCM 241.

An introduction to the topic of management of operations in manufacturing and services, which is about how firms efficiently produce goods and services. Topics include demand forecasting, aggregate and capacity planning, inventory management, layout, just-in-time (JIT), and managing quality. Additional topics may include location, project planning, resource allocation and logistics.

Legal Environment of Business

LREB 315 Law and the Regulatory Environment of Business I
Prerequisite: Junior standing.

This course is designed to familiarize the student with the American legal system. Intended primarily for students who have not previously studied law, the course includes a review of the concept of law, the function of the courts, and the dual judicial system of the United States. An appreciation of legal history and the operation of law are developed through the vehicle of a detailed analysis of contract law and a survey of other topical headings. The students should achieve an awareness of the necessity of voluntary compliance with general legal concepts in order for society to enable all persons to live together in harmony. An understanding of the court system as a substitute for self-help is deemed essential and knowledge of binding contract law is fostered as a basis for all agreements.


MARK 201 Fundamentals of Marketing
Prerequisites: Sophomore standing.

This course develops an understanding of the marketing systems by which organizations plan, price, promote and distribute products and services to selected target markets. Students analyze market conditions and apply the basic tools to develop marketing strategies to successfully meet the customers' needs resulting in a viable, profitable organization.

MARK 360 Retailing Management 

Prerequisites: Junior standing, minimum grade of "C-" in MARK 201.

This course develops an understanding of retailing and the role that retailing plays in the marketing system and in marketing strategies. Students analyze and develop retail strategies that fit and support overall marketing strategies.


MGMT 201 Managing People & Organizations
Prerequisite: Sophomore standing.

This course introduces students to the dynamics of human behavior in the workplace through the study of such topics as perception, learning, motivation, leadership and group behavior.

MGMT 304 Strategic Management
Pre-requisites: MGMT 201, MARK 201, FINC 332, SCMG 332,( FINC 301 or FINC 334) with grades of C- or better. Senior standing or above.

This is a capstone course that analyzes the responsibilities of general management in formulating, communicating and implementing a strategic plan. Through case studies, the course applies the principles of strategic analysis to business situations so as to integrate all of the core courses in the undergraduate business program. Students will develop executive and general management skills through an understanding of how the various functions of an organization operate as a whole.  Students will also build their skills in conducting strategic analyses in a variety of industries and competitive situations and gain a stronger understanding of the competitive challenges of the market environment.

MGMT 318 Organizational Development and Change
Prerequisites: Junior Standing, minimum grade of "C-" in MGMT.

This course examines the theory and practice of organizational development and change, with an emphasis on effective change management. Students will understand the complexity of change in organizations and learn how to use change interventions to manage different types of organizational changes, including the redesign of jobs and restructuring.

MGMT 341 Ethics in Business
Prerequisites: Junior Standing; minimum grade of "C-" in MGMT 201 and ECON 202. Requirement: PHIL 130 for students admitted to Loyola University for Fall 2012 or later.  No requirement for students admitted to Loyola prior to Fall 2012 or those with a declared major or minor in the Department of Philosophy or Department of Political Science.

This course focuses on ethical issues in the world of business and commerce and addresses a number of interrelated questions. These questions include: What are the rights and obligations of business in society? Can businesses "do good" and "do well"? Are business ethics a viable goal or an unachievable ideal?