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Accounting and Law

The Course Catalog includes course descriptions of all courses offered by the Undergraduate School at Babson College. For descriptions of the courses offered in the current or upcoming semesters, please see the Course Listing.

Accounting and Law

LAW3601 - PUBLIC INTERNATIONAL LAW AND WORLD ORDER

PUBLIC INTERNATIONAL LAW AND WORLD ORDER

LAW3601 Public International Law and World Order (Advanced Liberal Arts Elective) This course considers public international law as a way of framing and understanding the larger world in which we live. We will consider foreign relations and the United Nations system, the implications of global interdependence, and an increasingly robust international judicial system. Does international law actually create global order, or does it merely reflect political order that exists in other settings? When should national sovereignty yield to the wider concerns of the global community? What role do non-state actors (multinational businesses, NGOs, advocacy groups) play in the global legal regime? These questions (and many others) have been at the center of the quest to create order in a rapidly changing world where the pace of technological innovation, entrepreneurship, and the increasingly free movement of people, capital, and ideas often far outpace the capacity of any legal regime (domestic or international) to keep up. We will study these issues and related themes throughout the semester. Special emphasis is placed on understanding international institutions, human rights (including the intersection of human rights with global business), refugee law, the regulation of warfare (including "humanitarian" intervention and responses to global terrorism), international environmental law, transnational dispute settlement, and business ethics in the global setting. Prerequisite: Foundation Law course, (LAW1000) This course is typically offered in the following semester: Fall

4 credits

LAW3605 - PRIVACY LAW

PRIVACY LAW

LAW3605: Privacy Law 4 advanced liberal arts credits From the scandal surrounding Cambridge Analytica's alleged use of personal data from facebook users, Edward Snowden's whistleblowing about the NSA's surveilling the lives of average citizens, Google's scanning email content to help marketers engage in target advertising, to police use of DNA data on ancestry sites to track alleged criminals - we live in an age where privacy is in short supply. Nevertheless, the U.S., and lately Europe more so, have laws that place a high value on the privacy of their citizens. These laws try to strike a balance between honoring individual privacy, free speech, and creating economic growth and innovation that comes from monetizing private data. This course will explore privacy law, with a special focus on helping students cultivate the requisite leadership skills to develop forward thinking company privacy policies, greater individual awareness and empowerment over the use of their own data, and public policy. We will examine relevant leading technological developments, the internet, US domestic and global privacy law, and the cultural context in which these areas operate. Topics will include the US Constitution, free speech, intimacy and privacy, racial and DNA profiling, health records privacy, copyright law, tort law, wiretapping laws, anonymity, government records and public access, fair credit reporting, employer monitoring of employees, student records privacy, and new European laws on data mining and protection and cyber security. Note that this is also a writing intensive class, which will help students develop and enhance their writing skills through various kinds of writing assignments. Please note that this course will note be taught again until Spring semester 2021. Prerequisites: LAW1000

4 credits

LAW3615 - SPORTS LAW AND POLICY

SPORTS LAW AND POLICY

Sports Law and Policy 4 advanced liberal arts Sports Law provides students with a broad overview of how sports leagues and player conduct are regulated and how various bodies of substantive law, regulation and policy are applied in the context of the sports industry. The course examines the legal relationships among athletes, teams, leagues, governing bodies, sports facilities, licensees, broadcasters, and fans. This includes the history of the various leagues and organizations, the influence of politics on sports law, and public policy governing sports. Substantive legal topics covered include antitrust law, contract law, labor law, marketing law, and other regulatory schemes. In addition, this course will discuss other sports law topics, such as the role of the league commissioner; different league structures; agent certification; gaming law; and others. Prerequisites: LAW1000

4 credits

LAW3662 - AMER CONST LAW: FEDERAL SYSTEM

AMER CONST LAW: FEDERAL SYSTEM

LAW3662 AMERICAN CONSTITUTIONAL LAW: The American Federal System of Government. 4 credit (Advanced Liberal Arts) The purpose of this class is to acquaint you with the basic legal principles undergirding the American federal system of government. You will study the nature and powers of the Congress, the President, and the Courts, and the interplay of these federal authorities with each other, and the State governments. You will further discover how these principles inform the debates over some of today's most controversial issues, such as health care reform, gun control and the government's war powers. Prerequisite(s): LAW1000

4 credits

LAW3675 - INNOVATION LAW AND POLICY

INNOVATION LAW AND POLICY

LAW3675 Innovation Law and Policy (Previously titled: Innovation and the Law: A Critical Examination) 4 credit Advanced Liberal Arts Innovation is often praised as a key to entrepreneurship and economic growth. For this reason, intellectual property law seeks to stimulate innovation beyond competitive free market levels through through patents, designs, copyrights, trade secrets and trademarks. At the same time, other areas of law such as safety, advertising, consumer protection and antitrust law may be called upon to regulate possible negative effects from innovation. This course explores how these areas of law apply to innovation to ask the ultimate question, how should the legal system best encourage or regulate innovation, if at all? Prerequisites: LAW1000

4 credits

SME2001 - MANAGERIAL ACCOUNTING

MANAGERIAL ACCOUNTING

The sophomore management experience MAC and TOM module (SME) integrates two subject streams: Technology and Operations Management (3 credits) and Managerial Accounting (3 credits). This module focuses on the internal organization and processes required for entrepreneurial leaders and managers to successfully test and execute business strategies. To be effective, entrepreneurs and managers must design operations, model the expected performance of operational designs, make decisions that strategically manage costs, and take actions that achieve desired results in an ethical manner. The two streams in this module will help build the skills you need to become ethical entrepreneurial leaders and managers. You will experience how the design of operations impacts measured performance, and how modeling expected results before action is taken leads to improved operational decisions. SME will also provide learning experiences that demonstrate the interconnections between the streams. SME2001 Managerial Accounting 3 credit intermediate management The Managerial Accounting stream in SME builds on knowledge acquired in Financial Accounting but shifts the focus to providing entrepreneurs and managers with relevant information that supports decision making and performance measurement. The stream introduces the language of managerial accounting and teaches students to perform basic management accounting analyses (e.g., costing of cost objects, cost behavior, differential analysis, and performance measurement). The stream requires students to use the results of their analysis to evaluate the design of operations, to make strategic decisions, and to propose action. Issues covered include selecting a profitable mix of products and services, analyzing profits and costs during product development, budgeting for operations, analyzing whether to outsource or insource activities, and managing performance through measurement systems. Throughout the semester we will explore interconnections between management accounting analyses and operational actions. Prerequisites: FME1001 and ACC1000

3 credits

TAX3500 - TAXES

TAXES

TAX3500 Taxes (General Credit) Studies tax administration; income, deductions, and credits; treatment of gains and losses; income taxation of individuals, businesses, estates, and trusts, with an emphasis on income taxation of individuals; and estate and gift taxation fundamentals. Prequisites: SME

4 credits

TAX3650 - TAX POLICY

TAX POLICY

LAW3650: Tax Policy 4 credits Tax policy is a government's choice regarding what taxes to levy, on whom and in what amounts in order to raise the funds it needs and to influence taxpayer behavior. Students will learn the timeless design principles of good tax policy, evaluate taxation in America over time through the lens of these design principles, examine the roles of influential individuals, discuss social, environmental, economic responsibility, and sustainability (seers) aspects as well as global and ethical considerations in the tax policy debate, assess alternative approaches to the current federal income tax system in the U.S., and develop policy as well as implementation recommendations. Prerequisite: LAW1000; prior completion of TAX3500 is beneficial

4 credits