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Credit Hours: 2 or 3

The purpose of the course is to provide students with an understanding of the fundamental business principles that underlie substantive law courses in the commercial and business curriculum. Topics to be covered include an introduction to fundamental business principles, including debt and interest, discounting and present value, annuities and insurance, valuation techniques for a going business, principles of taxation, the operation of securities markets and securities including options and derivatives. Other topics may include introductions to accounting and financial reporting, the operation of the real estate market, comparison of business entity characteristics and bankruptcy principles.

Prerequisite: Students who have passed the Accounting and Finance Test are not permitted to take this course. This course is not recommended for students who have a substantial knowledge of business principles.