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Field Description

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

,, and. 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.

Corporate Finance

3 credits

Investment Analysis

3 credits

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, real estate finance or insurance at the 3000 or 4000 level, subject to these specific requirements:*

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), insurance (INS) or real estate finance (RES).*

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

Financial Accounting I

3 credits

Financial Accounting II

3 credits

Property Investment and Financing

3 credits

Real Estate Capital Markets

3 credits

Investment Strategies in Property Markets

3 credits

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.

Intermediate Micro-Economics

3 credits

Intermediate Macro-Economics

3 credits

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

Micro-Economics

3 credits

Macro-Economics

3 credits

Statistics        3 credits

Business Statistics I

3 credits

Mathematics      3-4 credits*

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, 

 and . Economics majors should plan on taking all three of the required courses, especially , as early in their major program as possible.

Intermediate Micro-Economics

3 credits

Intermediate Macro-Economics

3 credits

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:

Black Economic Development: 1860 to the Present

3 credits

    

Urban Economic Structure  (

)

3 credits

Industrial Organization and Public Policy

3 credits

Money, Banking, and Monetary Policy

3 credits

International Economics and Finance

3 credits

Principles of Public Finance

3 credits

Evolution of Economic Thought

3 credits

Economics of Labor

3 credits

Financial Econometrics

3 credits

Advanced Micro-Economics

3 credits

Advanced Macro-Economics

3 credits

Monetary Economics

3 credits

Mathematical Economics

3 credits

Advanced Labor Economics (3503)

3 credits

History of American Business Enterprise

3 credits

Public Finance/Managing Public Resources

3 credits

Economic Analysis and Public Policy

3 credits

Ethics, Economics, and the Business System

3 credits

Political Economy

3 credits

Government and the American Economy 

3 credits

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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Tier III Minor in Economics

The Bert W.Wasserman Department of Economics and Finance recently introduced a Tier III minor in economics. The Tier III 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 Tier III minor in economics, but they must remember that courses used to fulfill the Tier III 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.

Intermediate Micro-Economics

Intermediate Macro-Economics

Money, Banking, and Monetary Policy

International Economics and Finance

Principles of Public Finance

Economics of Labor

Statistical Analysis for Economics and Finance

Advanced Micro-Economics

Advanced Macro-Economics

Monetary Economics

Corporate Finance

Investment Analysis

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Courses

Courses in Economics (ECO)

Micro-Economics

3 hours; 3 credits

Macro-Economics

3 hours; 3 credits

Current Economic Problems

3 hours; 3 credits

Intermediate Micro-Economics

3 hours; 3 credits

Industrial Organization and Public Policy

3 hours; 3 credits

Managerial Economics

3 hours; 3 credits

Environmental Economics and Sustainable Development

3 hours; 3 credits

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

3 hours; 3 credits

Intermediate Macro-Economics

3 hours; 3 credits

"Money, Banking, and Monetary Policy"

3 hours; 3 credits

International Economics and Finance

3 hours; 3 credits

Economics of Regulation

3 hours; 3 credits

Public Enterprise Economics

3 hours; 3 credits

Principles of Public Finance

3 hours; 3 credits

Urban Economics

3 hours; 3 credits

Economic Geography and Spatial Theory

3 hours; 3 credits

Evolution of Economic Thought

3 hours; 3 credits

Economics of Labor

3 hours; 3 credits

Advanced Labor Economics

3 hours; 3 credits

Contemporary Economic Development

3 hours; 3 credits

Statistical Analysis for Economics and Finance

3 hours; 3 credits

Economic and Business Forecasting

3 hours; 3 credits

Financial Econometrics

3 hours; 3 credits

Special Topics in Economics

1 hours; 1 credits

Special Topics in Economics

2 hours; 2 credits

Special Topics in Economics

3 hours; 3 credits

Special Topics in Economics

1.5 hours; 1.5 credits

Advanced Micro-Economics

3 hours; 3 credits

Advanced Macro-Economics

3 hours; 3 credits

Monetary Economics

3 hours; 3 credits

Mathematical Economics

3 hours; 3 credits

Contemporary Economic Thought

3 hours; 3 credits

Advanced Labor Economics

"3 hours, 3 credits"

Independent Research in Economics

3 hours; 3 credits

Internship in Economics I

15 - 20 work hours; 3 credits

Internship in Economics II

15 - 20 work hours per week; 3 credits

Current Problems in Mathematical Economics

3 hours; 3 credits

Economic Problems in Linear Regression Analysis

3 hours; 3 credits

Current Problems in Micro-Economics

3 hours; 3 credits

Current Problems in Macro-Economics

3 hours; 3 credits

Current Problems in Public Finance

3 hours; 3 credits

Hon Micro Econ

3 hours; 3 credits

Hon Macro Econ

3 hours; 3 credits

Hon Intermd Micro

3 hours; 3 credits

Hon Intermd Macro

3 hours; 3 credits

Hon Money & Banking

3 hours; 3 credits

Hon Int'l Eco & Fin

3 hours; 3 credits

Hon Stat Analysis

3 hours; 3 credits

Hon Fin Econometrics

3hours; 3credits

Hon Adv Labor Econ

3 hours; 3 credits

Hon Economics I

3 hours: 3 credits

Hon Economics II

3 hours; 3 credits

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Courses in Finance (FIN)

Personal Finance

3 hours; 3 credits

Principles of Finance

3 hours; 3 credits

Corporate Finance

3 hours; 3 credits

Financial Management for Small Business and Entrepreneurs

3 hours; 3 credits

Investment Analysis

3 hours; 3 credits

Management of Financial Institutions

3 hours; 3 credits

Financial Markets and Intermediaries

3 hours; 3 credits

Special Topics in Finance

1 hours; 1 credits

Special Topics in Finance

2 hours; 2 credits

Special Topics in Finance

3 hours; 3 credits

Special Topics in Finance

1.5 hours; 1.5 credits

Advanced Corporate Finance

3 hours; 3 credits

Advanced Investment Analysis

3 hours; 3 credits

Futures Markets

3 hours; 3 credits

Equity Markets: Trading and Structure

3 hours; 3 credits

Options

3 hours; 3 credits

Technical Analysis

3 hours; 3 credits

Special Topics in Finance

3 hours; 3 credits

Introduction to Microfinance

3 hours; 3 credits

Risk Management in Financial Institutions I

3 hours; 3 credits

Risk Management in Financial Institutions II

3 hours; 3 credits

International Financial Markets

3 hours; 3 credits

International Corporate Finance

3 hours; 3 credits

Mergers and Acquisitions

3 hours; 3 credits

Independent Research in Finance

3 hours; 3 credits

Current Problems in Corporate Finance

3 hours; 3 credits

Internship in Finance I

15 - 20 work hours per week; 3 credits

Internship in Finance II

15 - 20 work hours per week; 3 credits

Current Problems in Investments

3 hours; 3 credits

Special Topics in Futures and Options

3 hours; 3 credits

Current Problems in Capital Markets and Institutions

3 hours; 3 credits

Hon Prin of Finance

3 hours; 3 credits

Hon Corp Finance

3 hours; 3 credits

Hon Invest & Analys

3 hours; 3 credits

Hon Adv Corp Fin

3 hours; 3 credits

Hon Spec Top Finance

3 hours; 3 credits

Hon Finance I

2 terms; 6 credits

Hon Finance II

2 terms; 6 credits

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Courses in Insurance (INS)

Risk and Risk Management

3 hours; 3 credits

Life and Health Insurance

3 hours; 3 credits

Property and Liability Insurance

3 hours; 3 credits

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