Management Symposium I

Bachelors Degree in Business Administration

BUS 445

Breyer State University
Instructor: David M. Kolenich Ph.D, MBA, BBA, BS.

SYLLABUS

COURSE OVERVIEW: Welcome to Management Symposium I, a Bachelor Level course in the curriculum for the Degree, Bachelor of Business Administration. I am pleased to instruct you in this course, which will be the first of two Management Symposiums and the foundational course for the remainder of your studies in the Bachelor program.

This is an exciting course, a course that studies the Federal Reserve, its structure, its chain of command, its function, how it formulates and implements financial policies, and, literally, how it runs the country.

Every CEO of every corporation, not only in America but throughout the world, understands how the Federal Reserve affects their own corporations. If the Federal Reserve decides to raise the Fed Funds rate by 0.5%, corporations will have to pay more in interest on debt (assuming they have variable loans, which many do). If the Federal Reserve continues to raise the Fed Funds rate, corporations will assume an economic slowdown is immanent and reduce capital expenditures and look to reduce payrolls. Banks will become more cautious in an assumed economic slowdown and require more collateral in loan portfolios, which would further contract a slowing economy. Laid off employees will retrench their spending. And since consumer spending accounts for roughly 65% of GDP growth, a further slowdown of the economy could be expected. With more layoffs, there will be more loan defaults on everything from credits cards to cars to homes. All because the Federal Reserve performed one simple function: raising the Fed Funds rate.

The justification of this course is its foundational role in establishing an easy-to-understand program in dealing with the daunting task of comprehending what the Federal Reserve does and how it operates and what it thinks and how it formulates and implements financial and economic polices. It will help new managers to learn what they have to learn; middle managers to learn what they should have learned; and for CEOs to relearn what they shouldn't have unlearned.

I know you will enjoy this course. Please learn as much as you can as you progress through it, as it does lay down a solid foundation for the rest of the curriculum. It is my pleasure to have you in the course.

TIME FRAME: This is a thirty (30) semester hour course. This course is allotted ten weeks of time. You must complete all of the requirements for the course successfully by the end of the ten-week period. The first day of week one will begin the day that you register for the course, or the day which you notify me that your textbooks have arrived and you are ready to begin your studies. Please be cognizant of the time frame. It is rare that extensions of time are permitted, unless you have good justification. Upon successful completion of this course, you will be awarded thirty (30) semester hours of credit.

TEXTBOOKS: There are two (2) required textbooks for this course.

Book 1: The Fed. By Martin Mayer. New York, NY; The Free Press, A Division of Simon & Schuster Inc.: 2001. ISBN # 0-684-84740-X.

Book 2: Secrets Of The Temple. By William Greider. New York, NY; A Touchstone Book, Published by Simon & Schuster Inc.: 1987. ISBN # 0-671-67556-7.

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EXAMINATIONS: There are two examinations for this course, a mid-term exam and a final exam. The mid-term exam covers the material in the book, "The Fed by Martin Mayer." The final exam covers the material in the book, "Secrets Of The Temple by William Greider."

The mid-term examination is a subjective paper that must be a minimum of ten (10) pages in length, double-spaced with 1.5-inch margins. I must download your paper by the end of the 5th week in the course.

The final examination is a subjective paper that must be a minimum of twenty (20) pages in length, doubled-spaced with 1.5-inch margins. I must download your paper by the end of the 10th week in the course.

Both exams are programmed and are located in the classroom for this course. The examinations are subjective type. To send me the exam, you must send me an email and let me know that you have finished your paper. Upon registration, you will receive my email address. I will then download your exam and grade it. Within a week, you will receive an email back from me telling you what your grade was and why you received it.

GRADING: The grading scale for this course is as follows:

90-100%    = A
80-89%      = B
70-79%      = C
Below 70% = Fail

The grading sheet for all written papers is as follows:

CONTENT: Weight 48%.
1. Content is comprehensive, accurate and/or persuasive.
2. Major points are stated clearly, and are supported by specific details, examples, and/or analysis.
3. Research is adequate for the topic.
4. The context and purpose of the writing is clear.

ORGANIZATION: Weight 28%.
1. The introduction provides sufficient background on the topic and previews major points.
2. The structure of the paper is clear and easy to follow.
3. The paper's organization emphasizes the central theme or purpose and is directed.
4. The conclusion reviews the major points.

FORMAT/GRAMMAR: Weight 12%.
1. Spelling is correct.
2. Word usage is correct.
3. Punctuation is correct.

READABILITY/STYLE: Weight 12%.
1. Sentences are complete, clear, and concise.
2. The tone is appropriate to the content and assignment.
3. Development of each paragraph provides one idea per paragraph and provides consistency and flow.

COMMUNICATION: You are encouraged to communicate with me. I am available as a teacher, coach, and mentor to assist you in meeting your goals for this course. Primarily, communication is through email. However, I am also available for conversation by telephone if you would like. Our classroom for this course has a "chat" room. I am also very willing to meet with you one-on-one in the chat room at your request. From time to time, depending on how many students are enrolled in this course at a particular time, we will have some scheduled group chats. You will receive more detailed information at the time such chat sessions are scheduled. Please keep my email address handy so that you can contact me whenever necessary. If at any time during this course you change your email address, please be sure to notify me right away.

WRITTEN ASSIGNMENTS: There are two (2) written assignments for this course. The first is a ten-page (minimum) paper on the book "The Fed" by Martin Mayer. This paper must be double-spaced with 1.5-inch margins. Recall, I must download your paper by the end of the 5th week of the course. The second is a twenty-page (minimum) paper on the book "Secrets Of The Temple" by William Greider. This paper must be double-spaced with 1.5-inch margins. Also recall, I must download your paper by the end of the 10th week of the course.

ABOUT YOUR INSTRUCTOR: I, David M. Kolenich, Ph.D, MBA, BBA, BS., currently teach undergraduate and graduate courses at Breyer State University. I hold a Doctorate degree in Business Management, a Masters in Business Administration, a Bachelor of Science in Business Administration, and a Bachelor of Food Service Management. I have owned and operated my own restaurant, managed various other large volume restaurants and hotels, managed businesses related to the steel industry, bought and sold real-estate, and have been an officer in various labor relation committees for eight years. I have been an active handball player for over twenty years, winning many state and local tournaments. In 1987, I won the United States Handball Association's National "C" Crown. I am also an avid Table Tennis player, again, winning many tournaments. I am the author of two books, one in finance and one in fiction. Both are currently under review in New York.

I am Administrative Assistant to the President of Breyer State University, and the Dean of Faculty.

COURSE OBJECTIVES: Upon completion of this course, you wil be able to:

1). Understand the immense power of the Federal Reserve.
2). Evaluate the basic principals of open market operations.
3). Manage volatility in discount window borrowings.
4). Understand money velocity.
5). Demystify money supply figures.
6). Understand various rules for Fed watching.
7). Understand various Fed behavior modification methods.
8). Learn how inflation rears its head.
9). Understand how to control inflation.
10). Understand the internal structure of the Fed.
11). Acquire the ability to think like the Fed.
12). Understand the wisdom of never betting against the Fed.
13). Learn the role of the Funds Rate as a forecasting tool.
14). Understand money demand behavior.
15). Analyze the importance of "leaning against the wind" in fiscal policy.
16). See the Fed of the future.

ASSIGNMENTS: For specific assignments, please click on the link "Assignments."

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