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<DIV style="FONT: 10pt arial"> DEAR AIBECERS:</DIV>
<DIV style="FONT: 10pt arial"> </DIV>
<DIV style="FONT: 10pt arial">REGISTRATION IS NOW OPEN FOR THE SUMMER 2005
SEMESTER THAT BEGINS ON MAY 16TH. AS YOU WILL NOTICE JOHN SPEIR ONE OF AIBEC'S
MOST POPULAR PROFESSORS WILL BE COMING TO AIBEC IN MAY. JOHN HAS BEEN TEACHING
AT AIBEC SINCE 1994 AND HAS ALREADY PURCHASED HIS PLANE TICKET TO MOSCOW.</DIV>
<DIV style="FONT: 10pt arial"> </DIV>
<DIV style="FONT: 10pt arial">IF YOU HAVE ANY QUESTIONS P[LEASE CALL ME.</DIV>
<DIV style="FONT: 10pt arial"> </DIV>
<DIV style="FONT: 10pt arial">YOURS TRULY,</DIV>
<DIV style="FONT: 10pt arial">ART FRANCZEK<BR></DIV>
<DIV><FONT face=Arial size=2>
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style="COLOR: #333399"><FONT
face="Times New Roman"> <o:p></o:p></FONT></SPAN></P></TD>
<TD
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style="mso-bidi-font-style: normal"><SPAN style="COLOR: #333399"><FONT
face="Times New Roman">THE AMERICAN INSTITUTE OF BUSINESS AND
ECONOMICS<o:p></o:p></FONT></SPAN></I></P>
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<H3 style="MARGIN: auto 0in; TEXT-ALIGN: center"
align=center><FONT face="Times New Roman"><SPAN
style="mso-tab-count: 1">
</SPAN><I><U><SPAN style="FONT-SIZE: 12pt; COLOR: red">Course
offerings, Summer
Semester:<o:p></o:p></SPAN></U></I></FONT></H3>
<H3 style="MARGIN: auto 0in; TEXT-ALIGN: center"
align=center><FONT face="Times New Roman"><I><U><SPAN
style="FONT-SIZE: 12pt; COLOR: red">May 16-
</SPAN></U></I><st1:date Year="2004" Day="19"
Month="8"><I><U><SPAN
style="FONT-SIZE: 12pt; COLOR: red">August 19,
2004</SPAN></U></I></st1:date></FONT></H3>
<H3 style="MARGIN: auto 0in; TEXT-ALIGN: center"
align=center><I><U><SPAN
style="FONT-SIZE: 12pt; COLOR: red"><FONT
face="Times New Roman">First Summer Semester: May 16 - July
2</FONT></SPAN></U></I></H3>
<P class=MsoNormal
style="MARGIN: 0in 0in 12pt 35.7pt; TEXT-INDENT: -17.85pt; TEXT-ALIGN: justify; mso-margin-top-alt: auto; tab-stops: list .5in"><FONT
face="Times New Roman"><SPAN
style="FONT-SIZE: 7pt; mso-fareast-font-family: Symbol">
</SPAN><B><SPAN style="FONT-SIZE: 10pt"><A
href="../WINDOWS/Application Data/Microsoft/Word/fin_act.htm">Financial
accounting</A> This course provides students with a thorough
review of Accounting issues of importance to most
organizations, such as Accrual Accounting, Bad debts,
Inventories, Investments, Cash Flows and Ratio analysis. US
GAAP and IAS concepts are emphasized. <EM>Tuesday-Thursday,
19.00-22.00.</EM> <I><A
href="../WINDOWS/Application Data/Microsoft/Word/faculty.htm#Franczek">Arthur
Franczek</A>.</I><o:p></o:p></SPAN></B></FONT></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 12pt 35.7pt; TEXT-INDENT: -17.85pt; TEXT-ALIGN: justify; mso-margin-top-alt: auto; tab-stops: list .5in"><FONT
face="Times New Roman"><SPAN
style="FONT-SIZE: 7pt; mso-fareast-font-family: Symbol"> </SPAN><B><SPAN
style="FONT-SIZE: 10pt"><A
href="../WINDOWS/Application Data/Microsoft/Word/websidetax.htm">Managerial
Economics</A> Applications of microeconomic theory to business
decision making including pricing, demand estimation, cost
analysis, competitive and noncompetitive market structures.
<EM>Monday-Wednesday, 19.00-22.00.</EM> <EM><A
href="../WINDOWS/Application Data/Microsoft/Word/faculty.htm#Franczek">John
Speir</A></EM><o:p></o:p></SPAN></B></FONT></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt 35.7pt; TEXT-INDENT: -17.85pt; TEXT-ALIGN: justify; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; tab-stops: list .5in"><FONT
face="Times New Roman"><SPAN
style="FONT-SIZE: 7pt; mso-bidi-font-style: italic; mso-fareast-font-family: Symbol; mso-bidi-font-weight: bold">
</SPAN><B><SPAN style="FONT-SIZE: 10pt"><A
href="../WINDOWS/Application Data/Microsoft/Word/websidecontrol.html">Operations
Management</A><SPAN style="mso-spacerun: yes"> </SPAN>A
survey of production-related topics with which all managers
should be familiar, including inventory management, project
scheduling, quality assurance and others.
<EM>Tuesday-Thursday19.00-22.00 <A
href="../WINDOWS/Application Data/Microsoft/Word/faculty.htm#Franczek">John
Speir</A></EM><o:p></o:p></SPAN></B></FONT></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt 35.7pt; TEXT-INDENT: -17.85pt; TEXT-ALIGN: justify; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; tab-stops: list .5in"><EM><B><SPAN
style="FONT-SIZE: 10pt; COLOR: black"><FONT
face="Times New Roman">
</FONT><A
href="../WINDOWS/Application Data/Microsoft/Word/market.htm"><FONT
face="Times New Roman">Principles of Marketing</FONT></A><FONT
face="Times New Roman">. Provides an overview of the role of
marketing in a modern international business. The latest
materials and case studies are used in this course.
Monday-Wednesday 19.00-22.00. </FONT></SPAN></B></EM><EM><B
style="mso-bidi-font-weight: normal"><SPAN
style="FONT-SIZE: 10pt; COLOR: black"><A
href="../WINDOWS/Application Data/Microsoft/Word/faculty.htm#Nastas"><FONT
face="Times New Roman">Tom Nastas</FONT></A><SPAN
style="mso-spacerun: yes"><FONT face="Times New Roman">
</FONT></SPAN></SPAN></B></EM><FONT
face="Times New Roman"><B><I><SPAN
style="FONT-SIZE: 10pt; COLOR: black"> </SPAN></I><SPAN
style="mso-spacerun: yes"> </SPAN></B><B
style="mso-bidi-font-weight: normal"><I><SPAN
style="FONT-SIZE: 10pt; COLOR: black"><o:p></o:p></SPAN></I></B></FONT></P>
<H3 style="MARGIN: auto 0in; TEXT-ALIGN: center"
align=center><I><U><SPAN
style="FONT-SIZE: 12pt; COLOR: red"><FONT
face="Times New Roman">Second Summer Semester: July 4- August
19</FONT></SPAN></U></I></H3>
<P class=MsoNormal
style="MARGIN: 0in 0in 12pt 35.7pt; TEXT-INDENT: -17.85pt; TEXT-ALIGN: justify; mso-margin-top-alt: auto; tab-stops: list .5in"><B><SPAN
style="FONT-SIZE: 10pt"><FONT face="Times New Roman">
</FONT></SPAN></B></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; tab-stops: list .5in"><SPAN
style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol; mso-fareast-font-family: Symbol; mso-bidi-font-family: Symbol"><SPAN
style="mso-spacerun: yes"> </SPAN><SPAN
style="mso-spacerun: yes"> </SPAN><SPAN
style="mso-spacerun: yes"> </SPAN><SPAN
style="mso-spacerun: yes"> </SPAN><SPAN
style="mso-spacerun: yes"> </SPAN><SPAN
style="mso-spacerun: yes"> </SPAN><SPAN
style="mso-spacerun: yes"> </SPAN><SPAN
style="mso-spacerun: yes"> </SPAN></SPAN><FONT
face="Times New Roman"><SPAN
style="FONT-SIZE: 7pt; COLOR: black; mso-fareast-font-family: Symbol"> </SPAN><B><SPAN
style="FONT-SIZE: 10pt; COLOR: black"><A
href="../WINDOWS/Application Data/Microsoft/Word/corpfin.htm">Corporate
Finance</A> This course is an introduction to allocation of
capital over
time, capital <SPAN
class=grame>budgeting ,</SPAN> financial management and other
topics, using basic
mathematical models.<I>
Tuesday-Thursday, 19.00-22.00.</I> <I><A
href="../WINDOWS/Application Data/Microsoft/Word/faculty.htm#Kontor">Konstantin
Kontor</A></I></SPAN></B><SPAN
style="COLOR: #3366ff"><o:p></o:p></SPAN></FONT></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; tab-stops: list .5in"><SPAN
style="COLOR: #3366ff"><FONT
face="Times New Roman"> <o:p></o:p></FONT></SPAN></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; tab-stops: list .5in"><B><SPAN
style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol"><SPAN
style="mso-spacerun: yes"> </SPAN><SPAN
style="mso-spacerun: yes"> </SPAN><SPAN
style="mso-spacerun: yes"> </SPAN><SPAN
style="mso-spacerun: yes"> </SPAN><SPAN
style="mso-spacerun: yes"> </SPAN><SPAN
style="mso-spacerun: yes"> </SPAN><SPAN
style="mso-spacerun: yes"> </SPAN></SPAN></B><FONT
face="Times New Roman"><B
style="mso-bidi-font-weight: normal"><U><SPAN
style="FONT-SIZE: 10pt; COLOR: blue; mso-bidi-font-style: italic">Negotiations
and Dispute Resolution</SPAN></U></B><B><I><U><SPAN
style="FONT-SIZE: 10pt; COLOR: black">:
</SPAN></U></I></B><B><SPAN
style="FONT-SIZE: 10pt; COLOR: black"><SPAN
style="mso-spacerun: yes"> </SPAN>This course covers the
theoretical and
practical aspects of
negotiations and includes many case studies and exercises.
A
special feature of this course is that 4 to 5 Law Students
from the </SPAN></B><st1:country-region><st1:place><B><SPAN
style="FONT-SIZE: 10pt; COLOR: black">U.S.</SPAN></B></st1:place></st1:country-region><B><SPAN
style="FONT-SIZE: 10pt; COLOR: black"> will be
students in this class. This creates opportunities for some
cross cultural
negotiation
exercises. <EM>Monday-Wednesday, 19.00-22.00.</EM> <I><A
href="../WINDOWS/Application Data/Microsoft/Word/faculty.htm#Kontor">Vladimir
Lissniak</A></I></SPAN></B><SPAN
style="COLOR: #3366ff"><o:p></o:p></SPAN></FONT></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; tab-stops: list .5in"><B><SPAN
style="FONT-SIZE: 10pt; COLOR: black"><A
href="../WINDOWS/Application Data/Microsoft/Word/market.htm"></A></SPAN></B><SPAN
style="COLOR: #3366ff"><FONT
face="Times New Roman"> <o:p></o:p></FONT></SPAN></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; tab-stops: list .5in"><FONT
face="Times New Roman"><EM><SPAN
style="FONT-SIZE: 10pt; COLOR: black"> </SPAN></EM><STRONG><I><SPAN
style="FONT-SIZE: 10pt; COLOR: black"> </SPAN></I></STRONG><STRONG><SPAN
style="FONT-SIZE: 10pt; COLOR: black"> <A
href="../WINDOWS/Application Data/Microsoft/Word/manact.htm">Managerial
Accounting</A></SPAN></STRONG><EM><B><SPAN
style="FONT-SIZE: 10pt; COLOR: black">
</SPAN></B></EM><STRONG><SPAN
style="FONT-SIZE: 10pt; COLOR: black">Accounting for costs
with applications to managerial
decision
making. This course reviews such issues as Cost Allocation,
Activity Based Costing, Budgeting, Standard Costing, Just in
Time Inventory and many other topics.
</SPAN></STRONG><EM><B><SPAN
style="FONT-SIZE: 10pt; COLOR: black">Tuesday-Thursday,
19.00-22.00. </SPAN></B></EM><STRONG><SPAN
style="FONT-SIZE: 10pt; COLOR: black"><A
href="../WINDOWS/Application Data/Microsoft/Word/faculty.htm#Franczek"><EM>Arthur
Franczek</EM></A></SPAN></STRONG><EM><SPAN
style="FONT-SIZE: 10pt; COLOR: black"> </SPAN></EM><SPAN
style="FONT-SIZE: 10pt; COLOR: black"> </SPAN><SPAN
style="COLOR: #3366ff"><o:p></o:p></SPAN></FONT></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; tab-stops: list .5in"><SPAN
style="COLOR: #3366ff"><FONT
face="Times New Roman"> <o:p></o:p></FONT></SPAN></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; tab-stops: list .5in"><FONT
face="Times New Roman"><EM><B><U><SPAN
style="FONT-SIZE: 10pt; COLOR: blue; mso-bidi-font-size: 12.0pt">Sales
Management: </SPAN></U></B></EM><STRONG><SPAN
style="FONT-SIZE: 10pt; COLOR: black">This course
</SPAN></STRONG></FONT><STRONG><SPAN
style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Tahoma; mso-bidi-font-size: 12.0pt">covers
both theoretical and practical aspects of sales management,
including topics such as sales forecasting, demand
forecasting, types of sales and other sales issues. It is
planned that this course will have some highly qualified guest
speakers on this topic.</SPAN></STRONG><STRONG><SPAN
style="FONT-SIZE: 10pt; COLOR: black"><FONT
face="Times New Roman"> </FONT></SPAN></STRONG><STRONG><SPAN
style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Tahoma">Monday-Wednesday</SPAN></STRONG><FONT
face="Times New Roman"><EM><B><U><SPAN
style="FONT-SIZE: 10pt; COLOR: black">
</SPAN></U></B></EM><st1:time Minute="0"
Hour="19"><STRONG><I><U><SPAN
style="FONT-SIZE: 10pt; COLOR: black; mso-bidi-font-size: 12.0pt">7
pm to 10
pm</SPAN></U></I></STRONG></st1:time><STRONG><I><U><SPAN
style="FONT-SIZE: 10pt; COLOR: black; mso-bidi-font-size: 12.0pt">,
Tom Nastas, Professor.</SPAN></U></I></STRONG><EM><SPAN
style="FONT-SIZE: 10pt; COLOR: black">
<o:p></o:p></SPAN></EM></FONT></P>
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face="Times New Roman"> <o:p></o:p></FONT></SPAN></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; tab-stops: list .5in"><FONT
face="Times New Roman"><SPAN
style="FONT-SIZE: 10pt; COLOR: black">
</SPAN><SPAN
style="COLOR: #3366ff"><o:p></o:p></SPAN></FONT></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; tab-stops: list .5in"><FONT
face="Times New Roman"><EM><B><SPAN
style="COLOR: #3366ff"> </SPAN></B></EM><STRONG><SPAN
style="COLOR: #333399">
</SPAN></STRONG><B style="mso-bidi-font-weight: normal"><SPAN
style="FONT-SIZE: 11pt; COLOR: #333399">For more
information:<o:p></o:p></SPAN></B></FONT></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"
align=center><B style="mso-bidi-font-weight: normal"><SPAN
style="FONT-SIZE: 11pt; COLOR: #333399"><FONT
face="Times New Roman">call at 438-1439, 438-0830; </FONT><A
href="http://www.aibec.org/"><FONT
face="Times New Roman">www.aibec.org</FONT></A><FONT
face="Times New Roman">;
aibec@aibec.org</FONT></SPAN></B><SPAN
style="COLOR: #333399"><o:p></o:p></SPAN></P></TD></TR></TBODY></TABLE>
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face="Times New Roman"> <o:p></o:p></FONT></SPAN></B></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><SPAN
style="COLOR: #333399"><o:p><FONT
face="Times New Roman"> </FONT></o:p></SPAN></P></TD></TR></TBODY></TABLE>
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align=center><B><SPAN style="COLOR: #333399"><o:p><FONT
face="Times New Roman"></FONT></o:p></SPAN></B></P></TD></TR></TBODY></TABLE>
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