Requirements for the Special Concentration in Business Management

The Special Concentration in Business Management at the Mendelson Center for Undergraduate Business Initiatives is not a stand-alone concentration. It is intended to serve as a complement to a major or concentration.

Eligibility for Continuous Enrollment

All courses taken for the Special Concentration in Business Management must be taken for a grade.

Students who matriculated at Columbia in Fall 2012 and beyond must earn a minimum GPA of 3.0 in all prerequisite, core, and elective program courses in order to earn the special concentration.

Students who matriculated before Fall 2012 must either adhere to the above requirement, or must meet the previous requirement by earning a grade of B+ or better in at least two of the prerequisites and by earning a minimum GPA of 3.0 in all core and elective classes.

The core and elective courses in the Special Concentration in Business Management cannot be double-counted toward a major or a concentration. Only prerequisites may be double-counted for other majors or concentrations.

In order to graduate, students must complete a major or a full concentration, in addition to the requirements for the Special Concentration in Business Management.

View the complete list of core and elective courses in the Special Concentration in Business Management.

The economics course:

One of the following statistics courses:

One of the following psychology/sociology courses:

NOTE: Students may not receive credit for two or more of PSYC BC1136 Social Psychology, PSYC BC1138 Social Psychology, and PSYC UN2630 Social Psychology.

 

ECON UN1105 Principles of Economics

(4 points)
Corequisites: ECON W1155 recitation section with the same instructor

How a market economy determines the relative prices of goods, factors of production, and the allocation of resources and the circumstances under which it does it efficiently. Why such an economy has fluctuations and how they may be controlled.

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STAT UN1001 Introduction to Statistical Reasoning

(3 points)
CC/GS: Partial Fulfillment of Science Requirement

A friendly introduction to statistical concepts and reasoning with emphasis on developing statistical intuition rather than on mathematical rigor. Topics include design of experiments, descriptive statistics, correlation and regression, probability, chance variability, sampling, chance models, and tests of significance.

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STAT UN1101 Introduction to Statistics

(3 points)
CC/GS: Partial Fulfillment of Science Requirement
Prerequisites: intermediate high school algebra

Designed for students in fields that emphasize quantitative methods. Graphical and numerical summaries, probability, theory of sampling distributions, linear regression, analysis of variance, confidence intervals and hypothesis testing. Quantitative reasoning and data analysis. Practical experience with statistical software. Illustrations are taken from a variety of fields. Data-collection/analysis project with emphasis on study designs is part of the coursework requirement.

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STAT UN1201 Calculus-Based Introduction to Statistics

(3 points)
CC/GS: Partial Fulfillment of Science Requirement
Prerequisites: one semester of calculus

Designed for students who desire a strong grounding in statistical concepts with a greater degree of mathematical rigor than in STAT W1111. Random variables, probability distributions, pdf, cdf, mean, variance, correlation, conditional distribution, conditional mean and conditional variance, law of iterated expectations, normal, chi-square, F and t distributions, law of large numbers, central limit theorem, parameter estimation, unbiasedness, consistency, efficiency, hypothesis testing, p-value, confidence intervals, maximum likelihood estimation. Serves as the pre-requisite for ECON W3412.

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PSYC UN1610 Introductory Statistics for Behavioral Scientists

(4 points)
Lab Required
Lecture and lab. Priority given to psychology majors. Fee $70.
Prerequisites: PSYC W1001 or PSYC W1010
Recommended preparation: one course in behavioral science and knowledge of high school algebra
Corequisites: PSYC W1611

Introduction to statistics that concentrates on problems from the behavioral sciences.

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SOCI W3020 Social Statistics

(3 points)

This course introduces methods of empirical social research for describing and drawing inferences from quantitative data. Emphasis is on basic but very serviceable methods of statistical analysis for information drawn from surveys or archives. The course includes several exercises in analysis of sample survey data.

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PSYC UN1001 The Science of Psychology

(3 points)
CC/GS: Partial Fulfillment of Science Requirement
Enrollment may be limited. Attendance at the first two class periods is mandatory.

Broad survey of psychological science including: sensation and perception; learning, memory, intelligence, language, and cognition; emotions and motivation; development, personality, health and illness, and social behavior. Discusses relations between the brain, behavior, and experience. Emphasizes science as a process of discovering both new ideas and new empirical results. PSYC W1001 serves as a prerequisite for further psychology courses and should be completed by the sophomore year.

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PSYC UN1010 Mind, Brain and Behavior

(3 points)
CC/GS: Partial Fulfillment of Science Requirement

Introduction to the biological approach to the experimental study of behavior. Includes consideration of the types of biological data relevant to psychology, as well as the assumptions and logic permitting the interpretation of biological data in psychological terms.

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SOCI UN1000 The Social World

(3 points)

Identification of the distinctive elements of sociological perspectives on society. Readings confront classical and contemporary approaches with key social issues that include power and authority, culture and communication, poverty and discrimination, social change, and popular uses of sociological concepts.

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One of the following financial core courses:

Two of the following managerial core courses:

BUSI UN3013 Financial Accounting

(3 points)

This course enables students to become informed users of financial information by teaching them to understand the language of accounting and financial reporting. It focuses on the three major financial statements that companies prepare for use of management and external parties: the balance sheet, the income statement, and the statement of cash flows. The course examines the underlying concepts that go into the preparation of these financial statements as well as specific accounting rules that apply when preparing financial statements. It also looks at approaches to analyze the financial strength and operations of an entity. BUSI UN3013 uses actual financial statements to show how financial information is presented and to enable students to apply analysis techniques.

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ECON GU4280 Corporate Finance

(3 points)
Prerequisites: ECON W3211, ECON W3213, and STAT 1201

This course presents an introduction to the economics principles underlying the financial decisions of firms. The topics covered include bond and stock valuations, capital budgeting, dividend policy, market efficiency, risk valuation, and risk management. For information regarding registration for this course, go to: http://econ.columbia.edu/registration-information.

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BUSI UN3021 Marketing Management

(3 points)

This course is designed to provide students with an understanding of fundamental marketing concepts and their application by businesses and other organizations. The goal is to expose students to these concepts as they are used in a wide variety of settings, including at consumer-goods firms, manufacturing and service industries, and small and large businesses. The course gives an overview of marketing strategy, elements of a market (company, customers, and competition), and the fundamental elements of the marketing mix (product, price, placement/distribution, and promotion).

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BUSI W3701 Strategy Formulation

(3 points)

Provides an introduction to strategic management with two broad goals: to understand why some companies are financially much more successful than others; and to analyze how managers can devise a set of actions ("the strategy") and design processes that allow their company to obtain a financial advantage. Allows students to gain a better understanding of strategic issues and begin to master the analytic tools the strategists use, by studying the strategic decisions of companies in many different industries and countries, ranging from U.S. technology firms to a Swiss bank and a Chinese white-goods manufacturer. Topics include what companies can do to outperform their rivals; analysis of the competitive moves of rival firms relying heavily on game-theoretic concepts; and when it makes sense for companies to diversify and globalize their business.

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BUSI UN3703 Leadership in Organizations

(3 points)

This course aims to provide students with an understanding of the challenges confronting leaders and to develop skills to effectively deal with these obstacles. Beyond intelligence and technical know-how, what separates effective leaders from other team members is a set of social skills (e.g., impression management, self-awareness). This course identifies these critical leadership skills and provides ideas and tools for improving them. Then, the course considers how social intelligence skills fit the needs of managers at different stages of their careers. For example, in the early stages of their careers, managers need to achieve a good job fit, find mentors, and build an effective social network. At the mid-career stage, managers need to lead an effective unit with increasing complexity and responsibilities. And later in their careers, as they become partners, CFOs, CEOs, etc., managers face additional, unique challenges.

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Two of the following courses:

NOTE: Students may not receive credit for two or more of PSYC BC1136 Social Psychology, PSYC BC1138 Social Psychology, and PSYC UN2630 Social Psychology.

 

ECON UN3025 Financial Economics

(3 points)
Prerequisites: ECON W3211, W3213 and STAT 1201

Institutional nature and economic function of financial markets. Emphasis on both domestic and international markets (debt, stock, foreign exchange, eurobond, eurocurrency, futures, options, and others). Principles of security pricing and portfolio management; the Capital Asset Pricing Model and the Efficient Markets Hypothesis.

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ECON UN3265 The Economics of Money and Banking

(3 points)
Prerequisites: ECON BC3033 and ECON BC3035 or the equivalent

Introduction to the principles of money and banking. The intermediary institutions of the American economy and their historical developments, current issues in monetary and financial reform.

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PSYC UN2235 Thinking and Decision Making

(3 points)
CC/GS: Partial Fulfillment of Science Requirement
Prerequisites: an introductory course in psychology

Models of judgment and decision making in both certain and uncertain or risky situations, illustrating the interplay of top-down (theory-driven) and bottom-up (data-driven) processes in creating knowledge. Focuses on how individuals do and should make decisions, with some extensions to group decision making and social dilemmas.

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PSYC UN2630 Social Psychology

(3 points)

Surveys important methods, findings, and theories in the study of social influences on behavior. Emphasizes different perspectives on the relation between individuals and society.

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PSYC UN2640 Introduction to Social Cognition

(3 points)
Prerequisites: an introductory course in psychology or the instructor's permission

An introduction to basic concepts in social cognition. Topics include attribution theory (how we explain our own and other's behavior), social categories and schema (social perception and stereotyping), the social self (the development and maintenance of a self-concept), attention and consciousness, person memory, affect and cognition, and social inference, among others.

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PSYCH W2650 Introduction to Cultural Psychology

(3 points)
Prerequisites: none; some basic knowledge of social psychology is desirable

A comprehensive examination of how culture and diversity shape psychological processes. The class will explore psychological and political underpinnings of culture and diversity, emphasizing social psychological approaches. Topics include culture and social cognition, group and identity formation, psychology of multiculturalism, stereotyping, prejudice, and gender. Applications to real-world phenomena discussed.

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SOCI UN2240 Economy and Society

(3 points)

An introduction to economic sociology. Economic sociology is built around the claim that something fundamental is lost when markets are analyzed separately from other social processes. We will look especially at how an analysis of the interplay of economy and society can help us to understand questions of efficiency, questions of fairness, and questions of democracy.

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SOCI UN3490 Mistake, Misconduct, Disaster

(3 points)

How Organizations Fail - the fundamental principles of organizations, examining how and why organizations fail, producing harmful outcomes. Studying failures opens up parts of organizations for public view that are seldom seen; studying the dark side is especially revealing. Students will examine cases to identify the causes of failures and think about what kind of strategies can be developed that prevent failure.

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SOCI W3670 Culture, Markets, and Consumption

(3 points)
Not offered during 2016-17 academic year.
Prerequisites: one introductory course in sociology, psychology, or anthropology is advisable, but not required.

An introduction to the cultural aspects of economic sociology. Consumer preferences have social origins, and the patterns of economic self-interest depend on religion, family, the state, shared stories, and social interactions. Students will examine the meanings of money, how some rational people account for their disadvantageous financial decisions, and how social movements and shared meanings affect the emergence of different types of markets.

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SOCI UN3675 Organizing innovation

(4 points)

This course examines major innovations in organizations and asks whether innovation itself can be organized. We study a range of forms of organizing (e.g., bureaucratic, post-bureaucratic, and open architecture network forms) in a broad variety of settings: from fast food franchises to the military-entertainment complex, from airline cockpits to Wall Street trading rooms, from engineering firms to mega-churches, from scientific management at the turn of the twentieth century to collaborative filtering and open source programming at the beginning of the twenty-first. Special attention will be paid to the relationship between organizational forms and new digital technologies.

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SOCI G4032 Sociology of Labor Markets

(3 points)
Not offered during 2016-17 academic year.

We will discuss the main concepts and processes necessary for understanding the functioning of labor markets in rich countries. The main topics to be discussed are: changes in the employment relationships, trends in labor force participation, the dynamics of occupations and industries, unemployment and underemployment, human capital and formal education, wage determination and earnings inequality, information and social networks in the labor markets, segmented labor markets, labor unions, labor market discrimination, ethnic and gender inequalities, and immigrants in the labor market. At the end of the course students are expected to be familiar with the main debates and developments in the field of sociology of labor markets.

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URBS UN3550 Community Building and Economic Development

(4 points)
Prerequisites: Must attend first class for instructor permission. Preference to Urban Studies majors

Community building has emerged as an important approach to creating an economic base, reducing poverty and improving the quality of life in urban neighborhoods. In this course, students examine the methods, strategies, and impact of community building on the economic, social, and political development of urban neighborhoods.

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ECON W4505 International Macroeconomics

(3 points)
Not offered during 2016-17 academic year
Prerequisites: ECON W3211 and W3213

Introduction to monetary problems in international trade. Topics include macroeconomics of the open economy under fixed and flexible exchange rates, international adjustment under the gold standard, monetary problems of the interwar period, the Breton Woods agreement, transition to flexible exchange rates, planned reforms of the international monetary system and the Eurocurrency markets.

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POLS V3615 Globalization and International Politics

(3 points)
Not offered during 2016-17 academic year

Explores how globalization affects the structures and functions of the international economy, state sovereignty, international security, and international civil society. Emphasis on problems of international governance, legitimacy and accountability, and the evolving organizational processes that characterize contemporary international politics.

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PSYC BC1136 Social Psychology

(4.5 points)
Prerequisites: BC1001 and departmental permission. Enrollment limited to 50 students.
Laboratory fee: $30

Survey of contemporary theory and research on social thought and behavior. Issues such as person perception, attitudes, attraction, aggression, stereotyping, group dynamics, and social exchange will be explored. The application of theory and research to addressing social problems will be discussed.

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PSYC BC1138 Social Psychology

(3 points)
Prerequisites: BC1001 or permission of the instructor

Lecture course covering contemporary theory and research on social thought and behavior. Issues such as person perception, attitudes, attraction, aggression, stereotyping, group dynamics, and social exchange will be explored. The application of theory and research to addressing social problems will be discussed.

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PSYC BC2151 Organizational Psychology

(3 points)
Prerequisites: BC1001 or permission of the instructor. Enrollment strictly limited to 45 students; decided upon and finalized first week of classes.

Introduction to behavior of individuals and small groups in work organizations. Recent theory and research emphasizing both content and research methodology. Motivation and performance, attitudes and job satisfaction, power, influence, authority, leadership, cooperation and conflict, decision making, and communications. Enrollment limited to 45; and only seniors.

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BUSI W3702 Venturing to Change the World

(3 points)

Interest in entrepreneurship has skyrocketed. Much of the growth in our modern economy is driven by scalable startups. The availability of cheaper building blocks has led to increase in startups, which have become exciting opportunities for potential founders and early employees. Beyond startups, established companies seek out new opportunities to sustain growth and competitive advantage. Social entrepreneurs are also employing entrepreneurial thinking to address major social and environmental issues. In short, entrepreneurial thinking is sought across industries and sectors. The goal of the course is to expose students to the intellectual foundations and practical aspects of entrepreneurship. We strive to sharpen students’ understanding of the entrepreneurial mindset, develop skills in generating ideas, identify and evaluate ideas, and understand the key steps and competencies required to launch a new venture. The course is appropriate for anyone with an interest in new ventures (e.g. tech ventures, social ventures). This includes not only potential entrepreneurs, but also those interested in the financing of new ventures, working in new ventures, or in broader general management of new or small organizations.

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AP and transfer credits are only accepted for the prerequisite courses and only according to the policies of Columbia’s respective department. Core and elective courses must be taken at Columbia.

Specifically, the only AP credits accepted are the following:

  • For the ECON UN1105 requirement, students must have received at least one 4 and one 5 on the AP Intermediate Micro and Intermediate Macro halves of the exam.
  • For the statistics requirement, students must have received a score of 5 on the AP Statistics exam.

Download a .pdf of requirements