Minor in business administration

We offer a minor in business administration for nonbusiness University of Iowa undergrads. Pair the minor with your major to gain the edge that a business education has to offer. 

More about the minor

Courses and course requirements

The minor in business administration is a total of 34 semester hours and includes the following courses.

Introduction to Financial Accounting (ACCT:2100)
Accounting and financial reporting procedures used by business and not-for-profit entities; emphasis on accounting concepts and use of accounting information in making economic decisions. Requirement: sophomore or higher standing. (3 s.h.)

Managerial Accounting (ACCT:2200)
Basic topics in cost behavior, measurement, accumulation; use of cost data for relevant analysis, budgeting, performance evaluation. Prerequisites: ECON:1100 and ACCT:2100 and (MATH:1850 or MATH:1550 or MATH:1460 or MATH:1860 or MATH:1380). (3 s.h.)

Principles of Microeconomics (ECON:1100)
Organization, workings of modern economic systems; role of markets, prices, competition in efficient allocation of resources and promotion of economic welfare; alternative systems; international trade. Requirement: BBA students cannot use this course for General Education social sciences. GE: social sciences. (4 s.h.)

Principles of Macroeconomics (ECON:1200)
National income and output, employment, and inflation; money, credit; government finance; monetary, fiscal policy; economic growth, development; international finance. Requirement: BBA students cannot use this course for General Education social sciences. GE: social sciences. (4 s.h.)

Introductory Financial Management (FIN:3000)
Financial management goals and decision making; valuation of bonds and stocks, risk and return analysis, portfolio diversification, market efficiency, asset pricing, cost of capital, agency theory, capital budgeting, financial planning. Prerequisites: ECON:1200 and ACCT:2100 and ECON:1100. Requirement: 60 s.h. completed. (3 s.h.)

Calculus and Matrix Algebra for Business (MATH:1380)
Quantitative methods for treating problems arising in management, economic sciences, related areas; introduction to differential and integral calculus, systems of linear equations and matrix operations. Prerequisites: MATH:1340 with a minimum grade of C– or MPT Level 3 score of 9 or higher or MATH:1020 with a minimum grade of C– or ALEKS score of 65 or higher or MATH:1440 with a minimum grade of C– or MATH:1005 with a minimum grade of C–. Recommendation: it is strongly recommended that students whose math placement score is older than one year retake the math placement test for accurate placement and success in the course. GE: quantitative or formal reasoning. (4 s.h.)

Introduction to Law (MGMT:2000)
Legal issues surrounding start up and day-to-day management of a business; contract law, standard business formations, tort law, employment law, business ethics, and alternative dispute resolution. Requirement: sophomore standing. (3 s.h.)

Introduction to Management (MGMT:2100)
Principles of management, organizational structure, decision making, leadership, line-staff relationships, and administration of organizations; overview of the demands and challenges facing managers, behaviors of effective managers, management theory, personal effectiveness, decision making, team skills, and leadership skills. Requirement: sophomore standing. (3 s.h.)

Introduction to Marketing Strategy (MKTG:3000)
Philosophy and activities of marketing; marketing environment of an organization; strategies with respect to marketing decisions, buyer behavior; spreadsheet analysis of marketing problems. Prerequisite: ECON:1100. Requirement: junior standing. (3 s.h.)

Business Computing Essentials (MSCI:1500)
Basic proficiency with common business application software (word processing, spreadsheet, presentation software, database); simulation training to achieve requisite skills; additional support available via optional textbook or ebook; online, modular, self-taught course. (2 s.h.)

Statistics for Business (STAT:1030)
Descriptive statistics, graphical presentation, elementary probability, estimation and testing, regression, correlation; statistical computer packages. GE: quantitative or formal reasoning. (4 s.h.)