Undergraduate and Graduate Bulletins

Bert W. Wasserman Department of Economics and Finance

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 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, insurance, or real estate finance 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 (RES)

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
     or
HSP 3016
Urban Economic Structure
3 credits
ECO 3110 Industrial Organization and Public Policy
3 credits
ECO 3130 Environmental Economics and Sustainable Development 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

 

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.

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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