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REST_BS - Degree Requirements - 2022-23

Smeal College of Business baccalaureate degree requirements in Real Estate (REST_BS) for Fall 2022 and Spring 2023. Students new to Penn State in summer 2022, fall 2022, and 2023 follow these requirements.

Smeal College - Risk Management Department

B.S. Real Estate (REST_BS) – fall 2022 and spring 2023

REST_BS – Suggested Academic Plan - fall 2022 and spring 2023

A. GENERAL EDUCATION

    a. Writing and Speaking (GWS) – Complete 3 credits in each area with grades of C or better (9 credits)
        i. Composition – ENGL 015 (3), ENGL 030 (3), ESL 015 (3), ENGL 137H (3), or CAS 137H (3)
        ii. Speech – CAS 100 (3), CAS 100A (3), CAS 100B (3), CAS 100C (3), CAS 138T (3), or ENGL 138T (3)
        iii. Effective Writing – ENGL 202D (3)
      b. Quantification (GQ) – Complete the following two categories with grades of C or better
          i. Calculus – MATH 110 (4), MATH 140 (4), or MATH 140B (6)
          ii. Statistics – SCM 200 (4) or STAT 200 (4)
        c. Global, Cultural, and Integrative Studies – Courses may satisfy General Education, Major, or Elective requirements
            i. Complete 6 Inter-Domain (N) and/or Linked (Z) credits
            ii. Complete 3 United States Culture (US) credits
            iii. Complete 3 International Culture (IL) credits
        d. Natural Sciences (GN) – Complete 9 GN credits with at least 3 credits that are not Inter-Domain
        e. Arts (GA) – Complete 6 GA credits with at least 3 credits that are not Inter-Domain
        f. Humanities (GH) – Complete 6 GH credits with at least 3 credits that are not Inter-Domain
        g. Social and Behavioral Sciences (GS) - Complete the following two categories (6 credits)
            i. ECON 102 – Introductory Microeconomic Analysis and Policy (3)
            ii. Complete 3 GS credits (3)
        h. Health and Wellness (GHW) - Complete 3 GHW credits that are not Inter-Domain

        B. COLLEGE REQUIREMENTS

          a. World Language – Demonstrate proficiency at the 12th credit level (4 credits)
            b. ECON 104 – Introductory Macroeconomic Analysis and Policy (3 credits)
              c. Foundation Business Courses – Complete the following at Penn State with grades of C or better (13 credits)
                    ACCTG 211 – Financial and Managerial Accounting for Decision Making (4) [Prerequisite: MATH 21 or higher or satisfactory score on the mathematics placement examination]
                    MGMT 301 – Basic Management Concepts (3) [Prerequisite: (ENGL/ESL 15 or ENGL 30 or ENGL/CAS 137H) and (ECON 102 or 104) and MATH 21 or higher or satisfactory score on the mathematics placement examination]
                    MKTG 301 – Principles of Marketing (3) [Prerequisite: (ENGL/ESL 15 or ENGL 30 or ENGL/CAS 137H) and (ECON 102 or 104) and MATH 21 or higher or satisfactory score on the mathematics placement examination]
                    FIN 301 – Corporation Finance (3) [Prerequisite: (ENGL/ESL 15 or ENGL 30 or ENGL/CAS 137H) and ACCTG 211 and (ECON 102 or 104) and (SCM 200 or STAT 200)]
                d. Core Business Courses - Complete the following prescribed courses (15 credits)
                    SCM 301 – Supply Chain Management (3) [Prerequisite: ACCTG 211 and ECON 102 and (SCM 200 or STAT 200)]
                    MIS 250 – Introduction to Problem Solving with Spreadsheet Analysis and Information Systems Management (3)
                    BA 342 – Socially Responsible, Sustainable and Ethical Business Practice (3) [Prerequisite: MGMT 301/301W; Concurrent: FIN 301 and MKTG 301 and SCM 301]
                    BLAW 341 – Business Law I: Introduction to Contracts, Liability Issues, and Intellectual Property (3) [Prerequisite: MGMT 301/301W; Concurrent: FIN 301 and MKTG 301 and SCM 301]
                    BA 411 – Analyzing Business and Industry (3) [Prerequisite: BLAW 341 and FIN 301]

               

              PLEASE NOTE: Smeal College of Business Residency Policy - Pursuant to accreditation standards of the Association to Advance Collegiate Schools of Business (AACSB), the Smeal College of Business requires that all upper-division courses within the sponsoring department must be completed in residence at University Park under the instruction of Smeal College faculty. Students in the Real Estate (REST_BS) major complete the following prescribed and additional courses in residence with Smeal College faculty.

               

              C. REST_BS: PRESCRIBED COURSES – Complete the following prescribed courses (15 credits)

                A grade of C or better is required in all courses.
                    RM 330W – Real Estate Risk Analysis (3) [Prerequisite: 5th semester standing or higher] (fall semester)
                    RM 450 – Contemporary Issues in Real Estate Markets (3) [Prerequisite: RM 303 or RM 330W]
                    RM (FIN) 460 – Real Estate Financial Analysis (3) [Prerequisite: FIN 305W or RM 303, or RM 330W] (fall semester)
                    RM (FIN) 470 – Real Estate Capital Markets (3) [Prerequisite: FIN 305W or RM 303, or RM 330W] (spring semester)
                    RM 475 – Quantitative Analysis for Business (3) [Prerequisite: SCM 200 or STAT 200] (spring semester)

                  D. REST_BS: ADDITIONAL COURSES – Complete one course from the following (3 credits)

                    A grade of C or better is required in all courses.
                        FIN 406 – Security Analysis and Portfolio Management (3) [Prerequisite: FIN 301]
                        RM (BLAW) 424 – Real Estate Law (3) [Prerequisite: BLAW 341]
                        RM (BLAW) 425 – Business and Environmental Regulation (3) [Prerequisite: BLAW 341]
                        RM 480 – International Real Estate Markets (3) [Prerequisite: RM 303 or RM 330W]

                    E. REST_BS: SUPPORTING COURSES: Smeal Two-Piece Sequence – Complete one Two-Piece Sequence from the list below (6 credits)

                    F. ELECTIVES – Complete 14 credits

                    SUPPORTING COURSES LIST (Smeal College Two-Piece Sequence) – Select one two-piece sequence (6 credits)

                        Accounting – Complete two courses from the following
                            ACCTG 404 – Managerial Accounting: Economic Perspective (3) [Prerequisite: ACCTG 211 and (SCM 200 or STAT 200) and ECON 102]
                            ACCTG 471 – Intermediate Financial Accounting I (3) [Prerequisite: ACCTG 211]
                            ACCTG 472 – Intermediate Financial Accounting II (3) [Prerequisite: ACCTG 471]
                          Actuarial Science – Complete the following two courses
                              RM 410 – Financial Mathematics for Actuaries (3) [Prerequisites: C or better in STAT/MATH 414 and (MATH 230 or MATH 231)]
                              RM 411 – Actuarial Mathematics I (3) [Prerequisite: C or better in RM 410]
                            Business Law – Complete two courses from the following. Courses cannot count in both the additional major area and the two-piece sequence.
                                BLAW (RM) 424 – Real Estate Law (3) [Prerequisite: BLAW 341]
                                BLAW (RM) 425 – Business and Environmental Regulation (3) [Prerequisite: BLAW 341]
                                BLAW 441 – Agency, Employment and Business Structure (3) [Prerequisites: BLAW 341 and FIN 301]
                                BLAW 444 – Advanced UCC and Commercial Transactions (3) [Prerequisites: BLAW 341, ACCTG 211, and FIN 301]
                                BLAW 445 – Advanced Intellectual Property and Competition Law (3) [Prerequisite: BLAW 441]
                                BLAW 446 – Employment Law (3) [Prerequisite: BLAW 441]
                                BLAW 447 – Entertainment Law (3) [Prerequisite: BLAW 341]
                              Business Sustainability – Complete two courses from the following
                                  BA 441 – Strategies for Enterprise Sustainability (3) [Prerequisite: BA 342]
                                  BA (MKTG) 442 – Sustainable Behavior of Consumers, Firms and Societies (3) [Prerequisite: BA 342]
                                  SCM 448 – Building Sustainable Supply Chains (3) [Prerequisite: SCM 301]
                                Corporate Benefits – Complete the following two courses
                                    RM 401 – Fundamentals of Private Pensions (3) [Prerequisite: RM 302 or RM 320W]
                                    RM 430 – Life and Health Insurance (3) [Prerequisite: RM 302 or RM 320W]
                                  Corporate Diversity – Complete the following two courses
                                      MGMT 320 – Establishing Workforce Diversity and Inclusion (3)
                                      MGMT 445 – Managing a Diverse Workforce (US) (3) [Prerequisite: MGMT 301]
                                    Corporate Innovation and Entrepreneurship – Complete the following two courses
                                        MGMT 425 – New Venture Creation (3) [Prerequisite: (ECON 102 or ECON 104) and (CAS 100 or CAS 137T)]
                                        MGMT 453 – Creativity and Innovation (3) [Prerequisite: MGMT 301]
                                      Economics – Complete two courses based on the following
                                          a. Select 3 credits of 300/400 level Economics
                                          b. Select 3 credits of 400 level Economics
                                        Finance – Complete two courses from the following
                                            FIN 305 – Financial Management of the Business Enterprise (3) [Prerequisite: FIN 301]
                                            FIN 406 – Security Analysis and Portfolio Management (3) [Prerequisite: FIN 301]
                                            FIN 408 – Financial Markets and Institutions (3) [Prerequisite: FIN 301]
                                          Hospitality Management Management – Complete two courses from the following
                                              HM 480 - Advanced Hotel Management (3) [Prerequisites: HM 380 and a grade of C or better in HM 336]
                                              HM 482 - Hospitality Real Estate (3) [Prerequisite: A grade of C or better in HM 201; Concurrent: HM 336)]
                                              HM 483 - Revenue Management (3) [Prerequisite: A grade of C or better in HM 350]
                                            Information Systems Management – Complete the following two courses
                                                MIS 301 – Business Analytics (3) [Prerequisite: SCM 200 or STAT 200; Concurrent: (MATH 110 or MATH 140) and (MIS 204 or MIS 250)]
                                                MIS 446 – Information Technology and Business Strategy (3) [Prerequisite: MIS 301 or MIS 390]
                                              International Business – Complete two courses from the following
                                                  IB 303 – International Business Operations (IL) (3) [Prerequisite: 5th semester standing or higher]
                                                  IB 403 – International Business and National Policies (3) [Prerequisites: ACCTG 211 and FIN 301]
                                                  IB 404 – Contemporary Issues in International Business (3) [Prerequisites: ACCTG 211 and FIN 301]
                                                  IB 450 – Business Environment of Europe (3) [Prerequisite: ACCTG 211; FIN 301]
                                                  IB 460 – International Business in Emerging Nations (3) [Prerequisites: ACCTG 211and FIN 301; Concurrent: IB 303]
                                                  IB 470 – International Development in an African Context (3) [Prerequisite: 5th semester standing or higher]
                                                Management – Complete the following two courses
                                                    MGMT 326 – Organizational Behavior and Design (3) [Prerequisite: MGMT 301]
                                                    MGMT 481 – Global Strategic Management (3) [Prerequisite: MGMT 326]
                                                  Marketing – Complete two courses based on the following
                                                      a. Complete one of the following courses
                                                        MKTG 330 – Consumer Behavior (3) [Prerequisite: MKTG 301]
                                                        MKTG 327 – Retailing (3) [Prerequisite: MKTG 301]
                                                      b. Complete one of the following courses
                                                        MKTG 445 – Global Marketing (IL) (3) [Prerequisite: MKTG 301]
                                                        MKTG 422 – Advertising and Sales Promotion Management (3) [Prerequisite: MKTG 330 or MKTG 342]
                                                    Risk Management – Complete the following two courses
                                                        RM 302 – Risk and Insurance (3) [Prerequisite: 4th semester standing or higher]
                                                        RM 440 – Risk, Strategy, and Decision Making (3) [Prerequisite: RM 320W or RM 330W]
                                                      Statistics – Complete two courses from the following
                                                          STAT 461 - Analysis of Variance (3) [Prerequisite: STAT 200 or SCM 200]
                                                          STAT 462 - Applied Regression Analysis (3) [Prerequisite: STAT 200 or SCM 200]
                                                          STAT 463 - Applied Time Series Analysis (3) [Prerequisite: STAT 462 and (STAT/MATH 318 or STAT/MATH 414)]
                                                        Supply Chain and Information Systems – Complete two courses from the following
                                                            SCM 404 – Demand Fulfillment (3) [Prerequisite: SCM 301]
                                                            SCM 405 – Manufacturing and Services Strategies (3) [Prerequisite: SCM 301]
                                                            SCM 406 – Strategic Procurement (3) [Prerequisite: SCM 301]

                                                          In lieu of completing a two-piece sequence, students in Risk Management (RM_BS) with the Real Estate (REST) Option can complete one of the designated University minors listed below provided the program has a minimum of six credits of 400-level coursework to use in the two-piece category.

                                                            Smeal College Minors
                                                                Information Systems Management - ISM_UMNR
                                                                International Business - IB_UMNR
                                                                Legal Environment of Business - LEBUS_UMNR
                                                                Supply Chain and Information Sciences & Technology - SCIST_UMNR
                                                            Penn State Minors
                                                                Economics - ECON_UMNR
                                                                Entrepreneurship and Innovation- ENTI_UMNR
                                                                Information Sciences and Technology - IST_UMNR
                                                                Mathematics - MATH_UMNR
                                                                Statistics - STAT_UMNR
                                                            World Language Minors
                                                                Arabic Language - ARAB_UMNR
                                                                Chinese Language - CHNS_UMNR
                                                                French and Francophone Studies - FR_UMNR
                                                                German - GER_UMNR
                                                                Greek - GREEK_UMNR
                                                                Hebrew - HEBR_UMNR
                                                                Italian - IT_UMNR
                                                                Japanese Language - JAPNS_UMNR
                                                                Korean Language - KORLG_UMNR
                                                                Latin - LATIN_UMNR
                                                                Portuguese - PORT_UMNR
                                                                Russian - RUS_UMNR
                                                                Russian Translation - RUST_UMNR
                                                                Spanish - SPAN_UMNR

                                                           

                                                           

                                                          Suggested Academic Plan for Students Starting at University Park

                                                          First Semester Second Semester
                                                          PSU 6 – First Year Seminar 1 MGMT 301 – Basic Management Concepts [1,2] 3
                                                          MATH 110 or MATH 140 – Calculus [1,2] or SCM 200 or STAT 200 – Statistics [1,2] 4 SCM 200 or STAT 200 (GQ) – Statistics [1,2] or MATH 110 or MATH 140 (GQ) – Calculus [1,2] 4
                                                          ENGL 15, ENGL 30, ESL 15, or ENGL/CAS 137H – English Comp. [1,2] 3 World Language – level two[3] 4
                                                          ECON 102 (GS) – Introductory Microeconomic Analysis and Policy [2] 3 General Education Course (US) [4] 3
                                                          World Language – level one [3] 4
                                                          Semester Credits 15 Semester Credits 14
                                                          Third Semester Fourth Semester
                                                          MKTG 301 – Principles of Marketing [1,2] 3 FIN 301 – Corporation Finance [1,2] 3
                                                          ACCTG 211 – Financial and Managerial Accounting [1,2] 4 SCM 301 – Supply Chain Management 3
                                                          ECON 104 – Introductory Macroeconomic Analysis and Policy 3 CAS 100 or ENGL/CAS 138T – Speech Communication [1] 3
                                                          World Language – level three[3] 4 MIS 250 – Introduction to Problem Solving with Spreadsheet Analysis and Information Systems Management 3
                                                          General Education Course (IL) [4] 3 General Education Course [4] 3
                                                          Semester Credits 17 Semester Credits 15
                                                          Fifth Semester Sixth Semester
                                                          RM 330W – Real Estate Risk Analysis [1] 3 RM 450 – Contemporary Issues in Real Estate Markets [1] 3
                                                          ENGL 202D – Business Writing [1] 3 RM 475 – Quantitative Analysis for Business [1] 3
                                                          BLAW 341 – Business Law I: Contracts, Liability and Property or BA 342 – Ethical and Sustainable Business Practices 3 BA 342 – Ethical and Sustainable Business Practices or BLAW 341 – Business Law I: Contracts, Liability and Property 3
                                                          General Education Course (N) [4] 3 General Education Course [4] 3
                                                          General Education Course [4] 3 General Education Course [4] 3
                                                          Semester Credits 15 Semester Credits 15
                                                          Seventh Semester Eighth Semester
                                                          RM (FIN) 460 – Real Estate Financial Analysis [1] 3 RM (FIN) 470 – Real Estate Capital Markets [1] 3
                                                          BA 411 – Analyzing Business and Industry or Additional RM_REST Option Course [1] 3 Additional RM_REST Option Course [1] or BA 411 – Analyzing Business and Industry 3
                                                          Two-Piece Sequence (see Department List) 3 Two-Piece Sequence (see Department List) 3
                                                          General Education Course (Z) [4] 3 General Education Course [4] 3
                                                          Elective Course [4] 2 Elective Course [4] 3
                                                          Semester Credits 14 Semester Credits 15

                                                           

                                                           

                                                          Suggested Academic Plan for Students Starting at Commonwealth Campus

                                                          First Semester Second Semester
                                                          First Year Seminar if required by Campus) 1-0 MGMT 301 – Basic Management Concepts [1,2] 3
                                                          MATH 110 or MATH 140 – Calculus [1,2] or SCM 200 or STAT 200 – Statistics [1,2] 4 SCM 200 or STAT 200 (GQ) – Statistics [1,2] or MATH 110 or MATH 140 (GQ) – Calculus [1,2] 4
                                                          ENGL 15, ENGL 30, ESL 15, or ENGL/CAS 137H – English Comp. [1,2] 3 World Language – level two[3] 4
                                                          ECON 102 (GS) – Introductory Microeconomic Analysis and Policy [2] 3 General Education Course (US) [4] 3
                                                          World Language – level one [3] 4
                                                          Semester Credits 15-14 Semester Credits 14
                                                          Third Semester Fourth Semester
                                                          MKTG 301 – Principles of Marketing [1,2] 3 FIN 301 – Corporation Finance [1,2] 3
                                                          ACCTG 211 – Financial and Managerial Accounting [1,2] 4 ENGL 202D - Business Writing [1,2] 3
                                                          ECON 104 – Introductory Macroeconomic Analysis and Policy 3 CAS 100 or ENGL/CAS 138T – Speech Communication [1] 3
                                                          World Language – level three[3] 4 General Education Course [4] 3
                                                          General Education Course (IL) [4] 3 General Education Course (N) [4] 3
                                                          Semester Credits 17 Semester Credits 15
                                                          Fifth Semester Sixth Semester
                                                          RM 330W – Real Estate Risk Analysis [1] 3 RM 450 – Contemporary Issues in Real Estate Markets [1] 3
                                                          SCM 301 - Supply Chain Management 3 RM 475 – Quantitative Analysis for Business [1] 3
                                                          BLAW 341 – Business Law I: Contracts, Liability and Property or BA 342 – Ethical and Sustainable Business Practices 3 BA 342 – Ethical and Sustainable Business Practices or BLAW 341 – Business Law I: Contracts, Liability and Property 3
                                                          MIS 250 - Introduction to Problem Solving with Spreadsheet Analysis and Information Systems Management 3 General Education Course [4] 3
                                                          General Education Course [4] 3 General Education Course [4] 3
                                                          Semester Credits 15 Semester Credits 15
                                                          Seventh Semester Eighth Semester
                                                          RM (FIN) 460 – Real Estate Financial Analysis [1] 3 RM (FIN) 470 – Real Estate Capital Markets [1] 3
                                                          BA 411 – Analyzing Business and Industry or Additional REST Course [1] 3 Additional REST Course [1] or BA 411 – Analyzing Business and Industry 3
                                                          Two-Piece Sequence (see Department List) 3 Two-Piece Sequence (see Department List) 3
                                                          General Education Course (Z) [4] 3 General Education Course [4] 3
                                                          Elective Course [4] 2-3 Elective Course [4] 3
                                                          Semester Credits 14-15 Semester Credits 15