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The Bert W. Wasserman Department of Economics and Finance offers courses that enable students to prepare for careers in all areas of finance and business economics.

Economics presents theories and tools for systematic analyses of economic forces that affect everyday life. It includes microeconomics, macro-economics, and international economics. Micro-economics analyzes the actions and interactions of individual consumers, business, and government. Macroeconomics studies national income, inflation, unemployment, economic growth, and government policies. International economics builds on micro- and macro-economics to study international trade, finance, markets, and institutions.

Finance includes the study of money and capital markets, investments, and corporate finance. In addition to these traditional areas, it includes the study of modern developments in derivatives; financial market structure, such as electronic-based trading techniques and markets; and international markets and corporate finance.

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The Majors

 

The BBA Major in Finance

The finance major prepares students for professional positions in financial institutions, including commercial, investment, and savings banks; brokerage firms; insurance companies; investment advisory services; and finance companies. Students will also be well prepared to enter the finance departments of nonfinancial corporations, nonprofit institutions, and governmental agencies.

Students who are planning on future graduate study in finance or business are strongly recommended to include advanced courses in mathematics, statistics, and econometrics in their undergraduate programs.

Required courses for the BBA degree include ECO 1001 , ECO 1002 , and FIN 3000 . FIN 3000 is a prerequisite to all other finance courses.

The finance major includes three required courses (9 credits) and five electives (15 credits).

Required Courses 9 credits

The three required courses build on the foundations of the introductory finance course. These courses are prerequisites to all 4000-level finance courses. Students must earn a GPA of 2.0 or better in the three required courses to take any of the 4000-level finance courses.

FIN 3610 

Corporate Finance

3 credits

FIN 3710 

Investment Analysis

3 credits

ECO 4000 

Statistical Analysis for Economics and Finance

3 credits

Elective Courses 15 credits

The finance major includes five elective courses that students take after completing the three required courses with a 2.0 GPA or better. The five electives include five courses in finance, economics, or insurance at the 3000 or 4000 level, subject to these specific requirements:* (updated 7/27/15)

Either FIN 4610 or 4710: These are the capstone courses in the finance major, and both are communication-intensive courses (CIC)

Two additional 4000-level finance (FIN) courses (Note: The choice of FIN 4610 above does not preclude FIN 4710, and vice versa. In other words, students may include both FIN 4610 and FIN 4710 in the finance major if they choose.)

Two additional 3000- or 4000-level courses in finance (FIN), economics (ECO), or insurance (INS)* (updated 7/27/15)

In addition, students may include, at most, two of these courses outside finance:

ACC 3000 

Financial Accounting I

3 credits

ACC 3100 

Financial Accounting II

3 credits

RES 3200 

Property Investment and Financing

3 credits

RES 3400 

Real Estate Capital Markets

3 credits

RES 4200 

Investment Strategies in Property Markets

3 credits

RES 4400 

Valuations and Underwriting of Securitized Real Estate

3 credits

An internship training program is available to qualified fulltime juniors and seniors majoring in finance, with 1 credit or 3 credits a semester for 15 to 20 weekly hours of work. These credits cannot be counted toward those needed for the major.

Students must file a Major Declaration Form by the end of their junior year.

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The BBA Major in Economics

A BBA degree with a major in economics prepares students for entry-level positions in business, nonprofit organizations, governmental agencies, and private consulting. This work includes economic analysis, research, and empirical analysis.

Students choosing an economics major are advised that a position as a professional economist usually requires a graduate degree in economics. Students planning to enter a graduate program in economics are strongly recommended to include advanced courses in mathematics, statistics, and econometrics in their undergraduate programs.

Required courses for the BBA degree include ECO 1001 and ECO 1002, courses that form the foundation of knowledge in micro- and macro-economics, respectively. These courses are prerequisites for all other economics courses.

The economics major includes three required courses (9 credits) and five electives (15 credits).

Required Courses 9 credits

The three required courses build on the foundations of the introductory micro- and macro-economics courses. Economics majors should plan on taking all three, especially ECO 4000, as early in their major program as possible.

ECO 3100 

Intermediate Micro-Economics

3 credits

ECO 3200 

Intermediate Macro-Economics

3 credits

ECO 4000 

Statistical Analysis for Economics and Finance

3 credits

Elective Courses 15 credits

In addition to the three required courses, an economics major must take a meaningful combination of five economics, finance, or insurance courses at the 3000 level or higher. Of these five courses, at least two must be economics courses at the 4000 level or higher. FIN 3000 may not be included in the economics major. When appropriate, a student may include up to two advanced courses from other disciplines in the five electives.

An internship training program is available to qualified full-time juniors and seniors majoring in economics, with 1 credit or 3 credits a semester for 15 to 20 weekly hours of work. These credits cannot be counted toward those needed for the major.

Students must file a Major Declaration Form by the end of their junior year.

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The BA Major in Economics

A BA degree with a major in economics deals with concepts, techniques, and cases in economics that acquaint the student with the general economic problems of modern society. This degree provides students with an excellent general background for a wide range of challenging business careers.

There are several prerequisites for the major. The major itself includes three required courses (9 credits) and five electives (15 credits).

Prerequisites to the Major               12 or 13 credits
Not Credited to the Major

Economics      6 credits

ECO 1001 

Micro-Economics

3 credits

ECO 1002 

Macro-Economics

3 credits

Statistics        3 credits

STA 2000 

Business Statistics I

3 credits

Mathematics      3-4 credits*

MTH 2003 

Pre-calculus and Elements of Calculus

4 credits

or               

            

A more advanced calculus course

3 or 4 credits

* Please note: 
Students with credit for MTH 2000 or 2001 must complete a calculus course.


Required Courses in the Major                                           9 credits 

The three required courses build on the foundations of the introductory micro- and macro-economics courses,  ECO 1001  and  ECO 1002 . Economics majors should plan on taking all three of the required courses, especially  ECO 4000 , as early in their major program as possible.

ECO 3100 

Intermediate Micro-Economics

3 credits

ECO 3200 

Intermediate Macro-Economics

3 credits

ECO 4000 

Statistical Analysis for Economics and Finance

3 credits


Elective Courses                                                                   15 credits

The BA economics major includes five elective courses, at least two of which must be at the 4000 level or higher, chosen from the following list:

BLS 3015 

Black Economic Development: 1860 to the Present

3 credits

BLS 3016     

Urban Economic Structure  ( HSP 3016 )

3 credits

ECO 3110 

Industrial Organization and Public Policy

3 credits

ECO 3160 

Field Study of the Economics of the Environment, Business, Culture and Global Sustainability

3 credits

ECO 3220 

Money, Banking, and Monetary Policy

3 credits

ECO 3250 

International Economics and Finance

3 credits

ECO 3310 

Principles of Public Finance

3 credits

ECO 3400 

Evolution of Economic Thought

3 credits

ECO 3501 

Economics of Labor

3 credits

ECO 4051 

Financial Econometrics

3 credits

ECO 4100 

Advanced Micro-Economics

3 credits

ECO 4200 

Advanced Macro-Economics

3 credits

ECO 4201 

Monetary Economics

3 credits

ECO 4300 

Mathematical Economics

3 credits

ECO 4501 

Advanced Labor Economics (3503)

3 credits

HIS 3410 

History of American Business Enterprise

3 credits

PAF 3101 

Public Finance/Managing Public Resources*

3 credits

PAF 3102 

Economic Analysis and Public Policy*

3 credits

PHI 3050 

Ethics, Economics, and the Business System

3 credits

POL 3103 

Political Economy

3 credits

POL 3315 

Government and the American Economy 

3 credits

*For the purposes of this program, this course counts as an Arts and Sciences course.

As with all BA majors, the Tier III minor must be completed outside the department of the students major. A student majoring in economics cannot minor in finance.

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Liberal Arts Minor in Economics

The Bert W.Wasserman Department of Economics and Finance recently introduced a liberal arts minor in economics. The liberal arts minor is 9 credits (three courses) and consists of two 3000-level courses and a relevant 4000-level, communication-intensive economics capstone course. All 4000-level economics courses, with the exception of ECO 4000, are communication-intensive courses. Finance majors are eligible to take the liberal arts minor in economics, but they must remember that courses used to fulfill the liberal arts minor may not be used to fulfill the 24-credit major requirement.

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The Minor - Economics and Finance

A minor in economics and finance consists of any three courses listed below. Each course is 3 credits, for a total of 9 credits.

ECO 3100 

Intermediate Micro-Economics

ECO 3200 

Intermediate Macro-Economics

ECO 3220 

Money, Banking, and Monetary Policy

ECO 3250 

International Economics and Finance

ECO 3310 

Principles of Public Finance

ECO 3501 

Economics of Labor

ECO 4000 

Statistical Analysis for Economics and Finance

ECO 4100 

Advanced Micro-Economics

ECO 4200 

Advanced Macro-Economics

ECO 4201 

Monetary Economics

FIN 3610 

Corporate Finance

FIN 3710 

Investment Analysis

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Courses

Courses in Economics (ECO)

ECO 1001 

Micro-Economics

3 credits

ECO 1002 

Macro-Economics

3 credits

ECO 1110 

Current Economic Problems

3 credits

ECO 3100 

Intermediate Micro-Economics

3 credits

ECO 3110 

Industrial Organization and Public Policy

3 credits

ECO 3120 

Managerial Economics

3 credits

ECO 3130 

Environmental Economics and Sustainable Development

3 credits

ECO 3160 

Field Study of the Economics of the Environment, Business, Culture and Global Sustainability

3 credits

ECO 3200 

Intermediate Macro-Economics

3 credits

ECO 3220 

Money, Banking, and Monetary Policy

3 credits

ECO 3250 

International Economics and Finance

3 credits

ECO 3300 

Economics of Regulation

3 credits

ECO 3301 

Public Enterprise Economics

3 credits

ECO 3310 

Principles of Public Finance

3 credits

ECO 3320 

Urban Economics

3 credits

ECO 3340 

Economic Geography and Spatial Theory

3 credits

ECO 3400 

Evolution of Economic Thought

3 credits

ECO 3501 

Economics of Labor

3 credits

ECO 3503 

Advanced Labor Economics

3 credits

ECO 3511 

Contemporary Economic Development

3 credits

ECO 4000 

Statistical Analysis for Economics and Finance

3 credits

ECO 4050 

Economic and Business Forecasting

3 credits

ECO 4051 

Financial Econometrics

3 credits

ECO 4091 

Special Topics in Economics

1 credits

ECO 4092 

Special Topics in Economics

2 credits

ECO 4093 

Special Topics in Economics

3 credits

ECO 4094 

Special Topics in Economics

1.5 credits

ECO 4100 

Advanced Micro-Economics

3 credits

ECO 4200 

Advanced Macro-Economics

3 credits

ECO 4201 

Monetary Economics

3 credits

ECO 4300 

Mathematical Economics

3 credits

ECO 4400 

Contemporary Economic Thought

3 credits

ECO 4501 

Advanced Labor Economics

3 credits

ECO 5000 

Independent Research in Economics

3 credits

ECO 5010 

Internship in Economics I

3 credits

ECO 5011 

Internship in Economics II

3 credits

ECO 5050 

Current Problems in Mathematical Economics

3 credits

ECO 5100 

Economic Problems in Linear Regression Analysis

3 credits

ECO 5150 

Current Problems in Micro-Economics

3 credits

ECO 5250 

Current Problems in Macro-Economics

3 credits

ECO 5350 

Current Problems in Public Finance

3 credits

ECO 6001H 

Honors Economics I

3 credits

ECO 6002H 

Honors Economics II

3 credits

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Courses in Finance (FIN)

FIN 1601 

Personal Finance

3 credits

FIN 3000 

Principles of Finance

3 credits

FIN 3610 

Corporate Finance

3 credits

FIN 3620 

Financial Management for Small Business and Entrepreneurs

3 credits

FIN 3710 

Investment Analysis

3 credits

FIN 4091 

Special Topics in Finance

1 credits

FIN 4092 

Special Topics in Finance

2 credits

FIN 4093 

Special Topics in Finance

3 credits

FIN 4094 

Special Topics in Finance

1.5 credits

FIN 4610 

Advanced Corporate Finance

3 credits

FIN 4710 

Advanced Investment Analysis

3 credits

FIN 4720 

Futures Markets

3 credits

FIN 4730 

Equity Markets: Trading and Structure

3 credits

FIN 4750 

Options

3 credits

FIN 4775 

Technical Analysis

3 credits

FIN 4780 

Introduction to Microfinance

3 credits

FIN 4808 

Risk Management in Financial Institutions I

3 credits

FIN 4810 

Risk Management in Financial Institutions II

3 credits

FIN 4910 

International Financial Markets

3 credits

FIN 4920 

International Corporate Finance

3 credits

FIN 4930 

Mergers and Acquisitions

3 credits

FIN 5000 

Independent Research in Finance

3 credits

FIN 5600 

Current Problems in Corporate Finance

3 credits

FIN 5610 

Internship in Finance I

3 credits

FIN 5611 

Internship in Finance II

3 credits

FIN 5700 

Current Problems in Investments

3 credits

FIN 5720 

Special Topics in Futures and Options

3 credits

FIN 5800 

Current Problems in Capital Markets and Institutions

3 credits

FIN 6001H 

Honors Finance I

2 terms; 6 credits

FIN 6002H 

Honors Finance II

2 terms; 6 credits

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Courses in Insurance (INS)

INS 3050 

Risk and Risk Management

3 hours; 3 credits

INS 3200 

Life and Health Insurance

3 hours; 3 credits

INS 3300 

Property and Liability Insurance

3 hours; 3 credits

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