Yes, 118s DOES count as an MIS elective. (MIS students need two to graduate.)
No, it will probably NOT be offered next Fall, so get registered for this Spring.
Yes, employers are hungry for Big Data/Data Analytics skills and you will be getting hands-on experience with leading edge tools from IBM and others.
118S is your chance to get in on it.
Check out this Forbes Roundup Of Analytics, Big Data & BI Forecasts And Market Estimates, 2016 about the phenomenal growth predictions for Big Data to nearly double from 2015 to 2020.