Professors
John T. Addison, Ph.D., London School of Economics, 1971
Hugh C. Lane Sr. Professor of Economic Theory
Jeffrey S. Arpan, D.B.A., Indiana University, 1971
James F. Kane Professor of International Business
William O. Bearden, Ph.D., University of South Carolina, 1975
Bank of America Professor of Business Administration
McKinley L. Blackburn, Ph.D., Harvard University, 1987
Robert J. Carlsson, Ph.D., Rutgers University, 1964
Henry W. Chappell Jr., Ph.D., Yale University, 1979
Eugene G. Chewning, Ph.D., University of South Carolina, 1984
Elchanan Cohn, Ph.D., Iowa State University, 1968
Maribeth S. Coller, Ph.D., Indiana University, 1991
Timothy S. Doupnik, Ph.D., University of Illinois, 1983
James B. Edwards, Ph.D., University of Georgia, 1971
Daniel C. Feldman, Ph.D., Yale University, 1976
W. Randolph Folks, D.B.A., Harvard University, 1970
Timothy D. Fry, Ph.D., University of Georgia, 1984
Adrian M. Harrell, Ph.D., University of Texas, 1975
Scott E. Harrington, Ph.D., University of Illinois at Urbana-Champaign, 1979
W. Frank Hipp Chair of Insurance
Glenn W. Harrison, Ph.D., University of California, Los Angeles, 1982
Dewey H. Johnson Professor of Economics
James F. Kane, D.B.A., Washington University, 1964
B.F. Kiker, Ph.D., Tulane University, 1965
Jeff B. Bates Professor of Public Administration and Finance
Brian S. Klaas, Ph.D., University of Wisconsin, 1987
Timothy W. Koch, Ph.D., Purdue University, 1976
South Carolina Bankers Association Professor of Banking
Chun-Yau Kwok, Ph.D., University of Texas, 1985
Robert A. Leitch, Ph.D., University of Tennessee, 1973
W. Pierce Liles, Ph.D., University of South Carolina, 1972
Gary A. Luoma, D.B.A., Washington University, 1966
Thomas J. Madden, Ph.D., University of Massachusetts, 1982
Manoj K. Malhotra, Ph.D., The Ohio State University, 1990
Steven V. Mann, Ph.D., University of Nebraska, 1987
Robert E. Markland, D.B.A., Washington University, 1969
Associate Dean of Administration
Randolph C. Martin, Ph.D., Washington University, 1971
John H. McDermott, Ph.D., Brown University, 1979
Bruce M. Meglino, Ph.D., University of Massachusetts, 1975
William T. Moore, Ph.D., Virginia Polytechnic Institute and State University, 1982
David and Esther Berlinberg Distinguished Professorship
Gregory R. Niehaus, Ph.D., Washington University, 1985
Patrick R. Philipoom, Ph.D., Virginia Polytechnic Institute and State University, 1986
Gary R. Reeves, D.S., Washington University, 1973
Richard B. Robinson, Ph.D., University of Georgia, 1980
Rodney L. Roenfeldt, D.B.A., Indiana University, 1972
J. Henry Fellers Professor of Business Administration, Associate Dean of Academic Affairs
Robert J. Rolfe, Ph.D., University of Oklahoma, 1983
Randall L. Rose, Ph.D., Ohio State University, 1986
Kendall Roth, Ph.D., University of South Carolina, 1986
J. Willis Cantey Professorship in International Business and Economics
David M. Schweiger, D.B.A., University of Maryland, 1980
Buck Mickel/Fluor Daniel Professorship in International Business
Subhash Sharma, Ph.D., University of Texas, 1978
Terence A. Shimp, D.B.A., University of Maryland, 1974
Caroline D. Strobel, Ph.D., University of Georgia, 1978
Jesse E. Teel, Ph.D., University of North Carolina, 1976
Brad M. Tuttle, Ph.D., Arizona State University, 1991
Hoyt N. Wheeler, Ph.D., University of Wisconsin, Madison, 1974
Richard A. White, D.B.A., Arizona State University, 1981
Ronald P. Wilder, Ph.D., Vanderbilt University, 1969
John F. Willenborg, D.B.A., Washington University, 1969

Associate Professors
Janice B. Breuer, Ph.D., University of North Carolina, 1987
Helen I. Doerpinghaus, Ph.D., University of Pennsylvania, 1989
Joan M. Donohue, Ph.D., Virginia Polytechnic Institute and State University, 1989
Kirk D. Fiedler, Ph.D., University of Pittsburgh, 1991
Kirk R. Karwan, Ph.D., Carnegie-Mellon University, 1979
William J. Kettinger, Ph.D., University of South Carolina, 1992
M. Audrey Korsgaard, Ph.D., New York University, 1990
Tatiana Kostova, Ph.D., University of Minnesota, 1996
John E. Logan, Ph.D., Columbia University, 1969
R. Bruce Money, Ph.D., University of California, Irvine, 1995
Dennis H. Oberhelman, Ph.D., Purdue University, 1978
William H. Phillips, Ph.D., Massachusetts Institute of Technology, 1980
Elizabeth C. Ravlin, Ph.D., Carnegie-Mellon University, 1986
Ronald C. Rogers, Ph.D., Ohio State University, 1983
Martin S. Roth, Ph.D., University of Pittsburgh, 1990
E. Elisabet Rutstrom Ph.D., Stockholm School of Economics, 1990
William R. Sandberg, Ph.D., University of Georgia, 1984
F. Kelly Shuptrine, Ph.D., University of Texas, 1971
Daniel C. Steele, Ph.D., University of Iowa, 1992
James R. Sweigart, Ph.D., Carnegie-Mellon University, 1976
William R. Thomas, D.B.A., Georgia State University, 1971
Kathleen M. Whitcomb, Ph.D., University of Minnesota, 1989
Douglas P. Woodward, Ph.D., University of Texas, 1986

Assistant Professors
Mary M. Bange, Ph.D., University of Wisconsin, Madison, 1990
Allen P. Corbett, M.B.A., University of South Carolina, 1966
David K. Crockett, Ph.D., University of Arizona, 2001
Kristen Diehl, Ph.D., Duke University, 2002
Frank R. Fehle, Ph.D., University of Texas at Austin, 1999
Andrew H. Gold, Ph.D., University of North Carolina, 2002
Shingo Goto, Ph.D., University of California, Los Angeles, 2002
Scott B. Jackson, Ph.D., University of Nebraska at Lincoln, 1997
Satish Jayachandran, Ph.D., Texas A&M University, 1999
Jayanth Jayaram, Ph.D., Michigan State University, 1998
Eric Johnson, Ph.D., University of California, San Diego, 1997
Curba M. Lampert, M.P.P., University of Michigan, 1997
Thomas J. Lopez, Ph.D., Arizona State University, 1998
Douglas M. Mahony, Ph.D., Rutgers University, 2001
Melayne M. McInnes, Ph.D., Yale University, 1997
Eric A. Powers, Ph.D., Massachusetts Institute of Technology, 1999
Donald L. Schunk, Ph.D., University of Tennessee, 1999
Matthew B. Semadeni, B.S., Brigham Young University, 1993
Solomon Tadesse, Ph.D., University of Maryland, College Park, 1998
Sergey D. Tsyplakov, Ph.D., University of Texas at Austin, 2001
Scott D. Vandervelde, Ph.D., University of Iowa, 2002
Stacy L. Wood, Ph.D., University of Florida, 1998
Mun Y. Yi, Ph.D., University of Maryland, 1998
Donghang Zhang, Ph.D., University of Florida, 2002

Distinguished Lecturers
James Bradley, C.Phil., University of North Carolina, 1970
Stan Lomax, J.D., Cornell Law School, 1969

Lecturers
Donald C. Balch, M.A., University of South Carolina, 1984
James L. Brazell, M.B.A., University of South Carolina, 1987
James L. Burkett, M.Tax., University of South Carolina, 1995
Dorinda A. Clippinger, Ed.D., Indiana University, Bloomington, 1978
Jan Collins, M.A., University of Michigan, 1967
Patrick J. DeMouy, M.B.A., University of South Carolina, 1982
Louis F. Dessau, M.B.A., European School of Management, 1990
Stanley G. Freeman, J.D., University of South Carolina, 1972
Steve C. Garris, M.B.A., University of South Carolina, 1975
Patrick D. Hanly, M.A., Webster University, 1984
Steven T. Hoskins, M.B.A., Rochester Institute of Technology, 1976
David Hudgens, Ph.D., University of Pittsburgh, 2001
Thomas M. Hughes, J.D., University of South Carolina, 1979
Carolyn S. Jones, Ed.D., University of South Carolina, 1984
Janet B. Katz, B.F.A., University of Illinois at Urbana-Champaign, 1968
Rebecca A. Kerr, M.Acct., University of South Carolina, 1991
Dean H. Kress, M.B.A., University of South Carolina, 1992
John M. Lenti, M.B.A., Fairleigh Dickinson University, 1960
Robert L. Lippert, Ph.D., University of South Carolina, 1992
Phil Marshall, M.S., Webster University, 1988
Ellen M. Moore, Ph.D., University of South Carolina, 1982
David L. Ott, B.S., University of South Carolina, 1975
John M. Ross, B.A., California State University, Los Angeles, 1973
Anne E. Smith, M.A., L'Universite Libre de Bruxelles, 1997
Sandra J. Teel, Ph.D., University of South Carolina, 1985
Cynthia L. Wharton, M.P.A., Princeton University, 1975
Thomas E. Whitacre, M.B.A., Bowling Green State University, 1970
Paul B. Yazel, M.B.A., University of South Carolina, 1987

Dean Emeritus
James F. Kane, D.B.A., Washington University, 1964

Distinguished Professors Emeriti
Garnett F. Beazley Jr., Ph.D., University of Pittsburgh, 1963
Gerald E. Breger, Ph.D., University of Arkansas, 1964
Leroy D. Brooks, Ph.D., Michigan State University, 1971
Robert W. Clower, Doctor of Letters, Oxford University, 1978
Charles E. Edwards, Ph.D., University of North Carolina, 1961
J. Stanley Fryer, D.B.A., Indiana University, 1971
Herbert H. Hand, Ph.D., Pennsylvania State University, 1969
John S. Herin, M.S., University of South Carolina, 1948
Edgar P. Hickman, Ph.D., University of North Carolina, 1958
James G. Hilton, Ph.D., Iowa State University, 1960
C. Brian Honess, M.B.A., University of South Carolina, 1966
Thomas Kemmerlin Jr., LL.B., University of South Carolina, 1954
James A. Kuhlman, Ph.D., Northwestern University, 1971
Charles R. Milton, Ph.D., University of North Carolina, 1960
William M. Morgenroth Sr., Ph.D., University of Pittsburgh, 1962
S. Travis Pritchett, D.B.A., Indiana University, 1969
Olin S. Pugh, Ph.D., Duke University, 1957
William F. Putnam, M.A., University of South Carolina, 1957
Robert W. Rosen, Ph.D., University of Pittsburgh, 1955
Howard P. Sanders, Ph.D., University of Florida, 1967
Steven J. Shaw, Ph.D., New York University, 1955
Earl A. Spiller Jr., Ph.D., University of Michigan, 1960
John E. Stinton, D.B.A., Indiana University, 1962
Ada B. Thomas, M.Ed., University of South Carolina, 1963
Joseph C. Ullman, Ph.D., University of Chicago, 1965
Susie H. VanHuss, Ph.D., Indiana University, 1969
Arthur E. Warner, D.B.A., Indiana University, 1953
C. Glyn Williams, Ph.D., University of Virginia, 1960
Oliver G. Wood Jr., Ph.D., University of Florida, 1965

Professors Emeriti
James E. Estes, Ph.D., University of Texas, 1960
Herbert R. Hahn, Ph.D., University of North Carolina, 1969
Shirley Kuiper, Ed.D., Indiana University, 1979
Cheryl M. Luke, Ph.D., Indiana University, 1967
Richard W. Molten, M.A., University of North Carolina, 1959
Richard V. Nuttall Jr., Ph.D., University of Pittsburgh, 1959
David R. Pender, M.B.A., New York University, 1951
Leroy L. Phaup Jr., M.A., University of Pennsylvania, 1975
Robert J. Porter, Ph.D., University of North Carolina, 1965
William S. Rawson, Ph.D., Duke University, 1967
J. Michael Ryan, Ph.D., University of Missouri, 1972

Distinguished Lecturers Emeriti
James W. Emens, M.B.A., University of Toledo, 1953
Arnold Stebinger, B.A., Columbia University, 1938

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Degree Programs

The Moore School of Business offers programs leading to the degree of Bachelor of Science in Business Administration with majors in accounting, business economics, finance, insurance and risk management, international business, management, management science, marketing, and real estate. The degree programs emphasize a strong liberal arts background.

Entrance Requirements

In addition to the academic admission requirements of the Moore School of Business stated below, a limit on admission to the program may be imposed. An enrollment limit would become necessary if enrollment levels exceed school staffing capabilities and resources. The Undergraduate Admissions Committee, in consultation with the dean of the school, shall be responsible for adjusting undergraduate enrollment levels to ensure the quality of the undergraduate program. A student who meets admissions criteria will be favorably considered, but because of space limitations admission cannot be guaranteed.

Freshmen entering the USC Columbia prebusiness division of the Moore School of Business must meet the campus requirements for admission.

Students from other USC campuses who have no work from colleges outside of USC must have a GPA of 3.00 on all work taken and must have taken at least 15 USC credit hours (to include calculus) with a minimum grade of C. Priority will be given to students meeting all Moore School of Business freshman course progression requirements, to include ENGL 101 and 102, SPCH 140 or 230, and either MATH 170 or 142 or PHIL 110, with a minimum grade of C in each of these courses. Additionally, those students who have fewer than 30 semester hours from colleges outside USC must also meet Columbia campus freshman admission requirements.

Students enrolled in other colleges on the Columbia campus must have a minimum GPA of 3.00 on all work taken and must have at least 15 USC credit hours to include calculus with a minimum grade of C. Priority will be given to students meeting all Moore School of Business freshmen course progression requirements, to include ENGL 101 and 102, SPCH 140 or 230, and either MATH 170 or 142 or PHIL 110, with a minimum grade of C in each of these courses.

Transfer students from other institutions must present a minimum cumulative GPA of 3.00 on all college work taken (to include calculus) with a minimum grade of C. Priority will be given to students meeting all Moore School of Business freshman course progression requirements, to include ENGL 101 and 102, SPCH 140 or 230, and either MATH 170 or 142 or PHIL 110, with a minimum grade of C in each of these courses. Students who have taken fewer than 30 semester hours of college work must also meet Columbia campus freshman admission requirements.

Progression Requirements

The requirements stated below are minimum requirements and are subject to change as stated in the last paragraph of this section. To continue in the sophomore year of the prebusiness division of the Moore School of Business, a student must have a minimum cumulative GPA of 2.60 on a minimum of 24 hours. The 24 hours must include ENGL 101 and 102, SPCH 140 or 230, MATH 122 or 141, and either math at the next higher level or PHIL 110, with a minimum grade of C in each of these courses. A student not meeting these requirements must transfer out of the prebusiness division of the Moore School of Business.

To be admitted to the upper division of the Moore School of Business, a student must have a minimum cumulative GPA of 2.60 on a minimum of 48 hours. The 48 hours must include ENGL 101 and 102, SPCH 140 or 230, MATH 122 or 141 and either math at the next higher level or PHIL 110, ECON 221/222, ACCT 225/226, MGSC 290, MGSC 291, and MGMT 250 or ENGL 463, with a minimum grade of C in each of these courses.

All majors in the Moore School of Business will be expected to pass all business administration and economics courses with a minimum grade of C. Students repeating a business administration or economics course more than once may not use the course toward a degree in business administration.

Dual Degrees. Currently enrolled students from other USC colleges who expect to obtain a second baccalaureate degree from the Moore School of Business must meet regular admission and progression requirements of the school and formally apply and be accepted by the school prior to obtaining 75 hours.

Classes. Enrollment priority will be given business majors who are in good academic standing in all business and economics classes.

Suspension. The Moore School of Business adheres to the University's general policy on suspension.

Graduation. All students admitted to the Moore School of Business effective fall 2000 and thereafter must have a minimum cumulative GPA of 2.50 on all USC work attempted in order to obtain a degree from the Moore School of Business.

Attendance Requirements

Students are expected to attend all regular class meetings. Students must conform to University attendance regulations as stated in the section entitled "Academic Regulations." Where specific faculty policies regarding attendance are more stringent, they will be stated in writing for individual courses.

Bachelor of Science in Business Administration

(121 hours minimum for all majors except accounting, which requires 126 hours, and international business, which requires a minimum of 127 hours)

The business administration curriculum allows sufficient flexibility for adaptation to a student's particular interests and goals. A minimum of 121 hours is required for the B.S. degree in all majors except accounting, which requires 126 hours, and international business, which requires a minimum of 127 hours. They are divided between courses in business administration and general education courses in English, history, foreign languages, natural and behavioral sciences, and other disciplines. All business administration students are required to earn 39 hours in a common core sequence of business subjects. The major field for all majors except accounting and international business* requires 12-21 hours beyond the common core. If a major requires only 12 hours, then a minimum of 9 additional hours of advisor-approved course work in business/economics must be completed. A minimum of 18 credit hours in additional directed general education courses is required.

The school has developed options designed to complement core and major requirements. Information and assistance in the development and selection of options are available through the advising facilities of the school.

Degree Requirements

1. General Education Requirements (43-47 hours)

ENGL 101, 102 (6 hours)
SPCH 140 or 230 (3 hours)
Literature: One English course selected from ENGL 282-286 (3 hours)
Numerical and Analytical Reasoning: MATH 122 or 141 and either math at the next higher level or PHIL 110 (6-8 hours)
Two courses in behavioral sciences, elected from anthropology, sociology, psychology (6 hours)
Two courses from the natural sciences including one laboratory course selected from astronomy, biology, chemistry, geology, marine science, physics (7-8 hours)
One course in the fine arts* (3 hours)
HIST 112 (3 hours)
Foreign Languages--students shall demonstrate in one foreign language the ability to comprehend the topic and main ideas in written and, with the exception of Latin and Ancient Greek, spoken texts on familiar subjects. This ability can be demonstrated by achieving a score of two or better on a USC foreign language test. Those failing to do so must satisfactorily complete equivalent study of foreign language at USC.
Two courses selected from the following fields: foreign languages, economics (other than 224), geography, government and international studies, history (other than 112), philosophy (other than 110, 111), religious studies (6-7 hours).

*Courses selected from the following areas: art, music, theatre (excluding courses in public speaking), or creative writing. Performance courses may not apply to this requirement.

2. Business Core (39 hours)

MGSC 290, 291, 395; ACCT 225, 226, 324; MGMT 250, 371, 478; MKTG 350; FINA 363 (33 hours)
ECON 221, 222 (6 hours)

3. Communication (Included in General Education Requirements)

4. Majors in Business (12-21* hours of major field requirements; 12-hour majors must complete a minimum of 9 hours of approved course work in business/economics)

*Accounting requires 26 hours. The international business major must be taken in combination with a second major in business and requires 27-36 hours.

Accounting (26 hours)

ACCT 401 and 401L, 402, 403, 404, 405, 406, 501, 502, 502L (26 hours)

Business Economics (12 hours)

ECON 321, 322 (6 hours)
Any two of the following courses: ECON 301, 311, 329, 379, 399, 402, 408, 415, 420, 499, 500, 503, 504, 505, 506, 507, 508, 511, 523, 526, 530, 531, 548, 562, 589, 594 (6 hours)

Business Economics (Intensive Major) (21 hours)

ECON 321, 322, 511 (9 hours)
Any four of the following courses: ECON 301, 311, 329, 379, 399, 402, 408, 415, 420, 499, 500, 503, 504, 505, 506, 507, 508, 523, 526, 530, 531, 548, 562, 589, 594 (12 hours)
No more than 6 hours of 300-level electives may count toward an intensive economics major.

Finance (15-18 hours)

Corporate Finance (15 hours)

FINA 365, 463, 469, and 470 (12 hours)

One of the following courses: FINA 444 or 465

Investments (15 hours)

FINA 365, 469, 470, 471, and 475

Financial Services (18 hours)

FINA 364 and 469

Two from the following courses: FINA 341, 366, 465

Two from the following courses: FINA 341, 365, 366, 367, 442, 443, 444, 445, 463, 465, 467, 468, 470, 471, 475, IBUS 401

Insurance and Risk Management (12-15 hours)

Select 12-15 hours from the following courses: FINA 341, 342, 443, 444, 445

International Business (15 hours)

IBUS 310 (3 hours)

One of the following functional courses: IBUS 401, 402, 405/MGSC 405, ECON 303 (3 hours)

Minimum of one of the following thematic courses: IBUS 422, 423, 424 (3-6 hours)

Minimum of one of the following regional courses: IBUS 441*, 442*, 443* (3-6 hours)

Competitive Admission: Admission to the international business major is highly competitive, and enrollment is limited to 50 students per year.

Double Major: Students selecting international business as a major are required to select a second major in business.

Foreign Language: IBUS major requires at least four courses numbered 300 and above in one foreign language. Specific course requirements may be obtained from the undergraduate division.

Study Abroad: IBUS major requires students to participate in an approved study-abroad program.

*Because one or more of these courses may not be offered on campus during the two years that a student may be taking major-level courses, these courses are most appropriate for study abroad.

Management (12 hours)

Management of Human Resources

MGMT 374, 376, 474, and 476 (12 hours)

Entrepreneurship

MGMT 473, 479; any two of the following: MKTG 352; MGMT 374; FINA 365; ACCT 402; ECON 526; or IBUS 402 (12 hours)

Management Science

Business Information Systems (21 hours)

MGSC 298/CSCE 204, MGSC 390, 490, 494, 590, 596 (18 hours)
One of the following courses: MGSC 398/CSCE 304, MGSC 405, 594 (3 hours)

Operations Management (12 hours)

MGSC 394, 491, 495 (9 hours)
One of the following courses: MGSC 392, 520 {=STAT 520}, 525 {=STAT 525}, 591 (3 hours)

Quantitative Business Analysis (12 hours)

MGSC 292, 392 (6 hours)
Two from the following courses: MGSC 393, 520 {=STAT 520}, 525 {=STAT 525}, 591, 592 (6 hours)

Marketing (12 hours)

MKTG 351, 352, 465 (9 hours)
Any one of the following courses: MKTG 451, 454, 455, 457, 458, 459, 460, 461 or IBUS 402 (3 hours)

Marketing (Intensive Major) (15-21 hours)

MKTG 351, 352, 465 (9 hours)
Two to four of the following courses: MKTG 451, 454, 455, 457, 458, 459, 460, 461, IBUS 402 (6-12 hours)
Recommendations for students based on career objectives are available from the undergraduate division.

Note: MKTG 350 is a prerequisite course to all of the above courses.

Real Estate (12-15 hours)

FINA 366 (3 hours)
Select 9-12 hours from the following courses: FINA 367, 466, 468; ECON 500; or GEOG 344.

5. Directed General Education Course Work (non-BA) (minimum of 18 hours)

Directed non-BA course work may be selected from a University-wide list of approved minors. The minor is normally a minimum of 18 hours of prescribed courses in one subject area. Students not selecting such a minor may submit an alternative program of study to satisfy the non-BA approved course work. The proposed alternative program of study must be approved by the Undergraduate Program Executive Committee. All minor courses or courses approved as alternatives must be passed with a grade of C or better.

6. International Experience (6 hours)

The program also requires a 6-hour international experience that may be used to fulfill other degree requirements.

Business Administration Course Descriptions
Economics