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<DIV><FONT face=Arial size=2>DEAR AIBECERS:</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>ENCLOSED IS THE SCHEDULE FOR AIBEC'S SUMMER
SEMESTER THAT BEGINS ON MONDAY MAY 15TH.</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>A NEW COURSE IN MACROECONOMICS WILL BE TAUGHT BY
DR. JOHN SPEIR WHO WILL BE AT AIBEC DURING THE SUMMER. AS MANY OF YOU KNOW DR.
SPEIR HAS BEEN TEACHING AT AIBEC FOR 12 YEARS AND IS ONE OF AIBEC'S MOST POPULAR
PROFESSORS.</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>YOU CAN REGISTER BY SENDING AN E-MAIL TO <A
href="mailto:aibec@aibec.org">aibec@aibec.org</A>.</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>YOURS TRULY,</FONT></DIV>
<DIV><FONT face=Arial size=2>ART FRANCZEK</FONT></DIV>
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<DIV> </DIV></DIV>
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<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 15-
</SPAN></U></I><st1:date Month="8" Day="19"
Year="2004"><I><U><SPAN
style="FONT-SIZE: 12pt; COLOR: red">August 17,
2006</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 15 - June
29</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><U>Tuesday-Thursday,
19.00-22.00</U>.</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"> <FONT
color=#ff0000>NEW</FONT> </SPAN><B><SPAN
style="FONT-SIZE: 10pt"><A
href="../WINDOWS/Application Data/Microsoft/Word/websidetax.htm"> <FONT
color=#0000ff>Macroeconomics</FONT></A> This course will
introduce students to the basic operation and modeling in the
macroeconomy.The basic models utilising Aggregate Demand an
Aggregate Supply, as well as Aggregate Expenditures, will be
developed, and expanded to incorporate IS-LM_BP analysis and
issues in Open Economy Macroeconomics. The role of Monetery
policy will be emphasized, as will the importance of Exchange
Rate Policy, and Inflation. <EM><U>Monday-Wednesday,
19.00-22.00.</U> <FONT color=#0000ff>Dr.</FONT></EM><A
href="../WINDOWS/Application Data/Microsoft/Word/faculty.htm#Franczek"><EM>John
Speir</EM></A><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><U>Tuesday-Thursday19.00-22.00</U> <FONT
color=#0000ff>Dr.</FONT> <A
href="../WINDOWS/Application Data/Microsoft/Word/faculty.htm#Franczek">John
Speir</A></EM></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"><B><SPAN
style="FONT-SIZE: 10pt"><EM></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.
<U>Monday-Wednesday 19.00-22.00</U>.
</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><FONT
face="Times New Roman"><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> <U>Monday-Wednesday,
19.00-22.00.</U></I><U> <I><A
href="../WINDOWS/Application Data/Microsoft/Word/faculty.htm#Kontor">Konstantin
Kontor</A></I></U></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"></FONT></SPAN> </P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; tab-stops: list .5in"><SPAN
style="COLOR: #3366ff"></SPAN><B><SPAN
style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Symbol"><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 participatein
this class. This creates opportunities for some cross
cultural negotiation exercises. <EM><U>Monday-Wednesday,
19.00-22.00</U> .</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"><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"><U>Tuesday-Thursday,
19.00-22.00</U>. </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"><FONT size=1>This course
</FONT></SPAN></STRONG></FONT><FONT size=1><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">
<EM><U>Tuesday-Thursday</U></EM></SPAN></STRONG><FONT
face="Times New Roman"><EM><U><B><SPAN
style="FONT-SIZE: 10pt; COLOR: black"> </SPAN></B><st1:time
Hour="19" Minute="0"><STRONG><SPAN
style="FONT-SIZE: 10pt; COLOR: black; mso-bidi-font-size: 12.0pt">7
pm to 10 pm</SPAN></STRONG></st1:time><STRONG><SPAN
style="FONT-SIZE: 10pt; COLOR: black; mso-bidi-font-size: 12.0pt">,
<FONT color=#0000ff>Tom Nastas</FONT>, <FONT
color=#0000ff>Professor.</FONT></SPAN></STRONG></U><SPAN
style="FONT-SIZE: 10pt; COLOR: black">
<o:p></o:p></SPAN></EM></FONT></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"><FONT
size=2> <o:p></o:p></FONT></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>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><B><SPAN
style="COLOR: #333399"><FONT
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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