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Professor Karen Reid, Coordinator
A student of Financial Economics
will have the opportunity to explore the fundamentals of
economic theory, especially the theory pertaining to the
operations and workings of financial markets and financial
institutions. Students in Financial Economics will learn
about financial asset markets (including stocks, bonds,
and exchange rates), and students will learn about various
financial institutions (including commercial banks, the
Federal Reserve System, and the International Monetary Fund).
During their studies, students will also gain an understanding
of other sectors of the economy, including business economics,
labor economics, and the global economy. The broad goal
of the Financial Economics program is to produce a graduate
who can apply economic theory to decision-making, both as
a citizen in this democracy and as a member of the business
community.
Successful completion of the Financial
Economics program prepares a student for a wide range
of career opportunities. Graduates are prepared for careers
in such areas as corporation finance, investment management,
commercial and retail banking, financial institutions management,
financial analysis, business economics and economic analysis.
Career opportunities are found with corporations, financial
institutions, public utilities, nonprofit organizations
and government agencies. Students also have an excellent
background for graduate studies in economics, business,
law and related fields.
Requirements for the major in
Financial Economics:
In addition to the foundation core and professional core
courses required of all majors in the Reeves School of Business,
the following courses are required for a degree in financial
economics:
Required courses: BUS
315, BUS 412, ECO 311, ECO 313, and ECO 316;
Plus 6 s.h. from: BUS
437, BUS 415, ECO 452 or ECO 465.
Note: An elective course
for any Reeves School of Business major may only be used
to meet the requirements of one major. A required class
in any Reeves School of Business major may not be used
as an elective for another Reeves School of Business major.
Requirements for the minor in
Financial Economics: 18 s.h.—12 s.h. of required
courses (ECO 261, ECO 262, and ECO 311; BUS 332) and 6 s.h.
of electives (from BUS 412, BUS 415, BUS 437, or any 300/400
economics course).
Requirements for the A.A. Concentration:
18 s.h.—15 s.h. of required courses (ECO 261, ECO
262, and ECO 311; BUS 332 and BUS 412) and a (3 s.h.) elective
from BUS 415, BUS 437, or any 300/400-level Economics course.
Writing-Enrichment Course:
BUS 352, ECO 452
Computer Intensive Course:
BUS 225
Ethics Course: BUS 315
Concentrations Available:
FINANCIAL ECONOMICS COURSES
ECO 210 INTRODUCTION TO ECONOMICS (3
s.h.)
Theories and institutions that organize and direct economic
activities in contemporary society. Prepares students to
understand domestic and international economic problems;
serves as a foundation for further work in economics; and
complements study in other areas. (May also be taken as
an elective for non-business majors. Satisfies the social
science general education core requirement for the Associate
of Science degree with a concentration in Health Care Administration).
This course is offered as needed.
ECO 216 STATISTICS FOR BUSINESS AND
ECONOMICS (3 s.h.)
Inferential statistics using business and economics data.
Principal topics: probability, hypothesis testing, regression
and correlation, and time series and forecasting. Prerequisite:
MAT 105 or higher. This course is offered every fall and
spring.
ECO 261 PRINCIPLES OF MACROECONOMICS
(3 s.h.)
Aggregate income measurement and analysis, fiscal and monetary
policy, inflation, unemployment, and other current issues.
This course is offered every fall and spring.
ECO 262 PRINCIPLES OF MICROECONOMICS
(3 s.h.)
Price theory applied to product and resource markets with
emphasis on pricing and output decisions under various market
conditions. This course is offered every fall and spring.
ECO 301 ENTREPRENEURSHIP (3 s.h.)
Emphasis on business formation: feasibility studies, legal
and financial aspects of startup, tax considerations, business
valuation techniques, and accounting control systems. Prerequisites:
ACC 253 and ECO 262. This course is offered as needed.
ECO 311 MONEY, BANKING AND FINANCIAL
MARKETS (3 s.h.)
The functions of money and financial markets, commercial
bank operations, the Federal Reserve System, the macroeconomy,
and the impact of monetary policy upon economic stabilization
and growth. Prerequisites: ECO 261 and 262. This course
is offered every fall and spring.
ECO 313 MANAGERIAL ECONOMICS (3 s.h.)
Intermediate-level treatment of microeconomic theory and
its application to managerial decision-making. Prerequisites:
ECO 216, 261, and 262. This course is offered every fall
semester.
ECO 316 ADVANCED STATISTICAL ANALYSIS
(3 s.h.)
An advanced study of statistical analyses frequently used
in business decision-making and economic forecasting. Emphasis
on both multiple regression and analysis of variance. Particular
attention given to time series analysis. Survey sampling
and Chi-Square tests also are included. Prerequisite: ECO
216. This course is offered in the fall semester, even-numbered
years.
ECO 400 CURRENT ECONOMIC ISSUES (3 s.h.)
Selected contemporary policy issues, e.g., the economic
role of government, poverty, debt financing, free trade
vs. protectionism, entrepreneurship, and problems of fiscal
and monetary management. Prerequisites: ACC 251 and ECO
261 and 262. Recommended: ACC 253. This course is offered
as needed.
ECO 420 COMPARATIVE ECONOMIC SYSTEMS
(3 s.h.)
Capitalism, socialism, communism, and fascism as economic
systems and as philosophies; resource allocation, distribution
of income and the rise of centralized economic planning
in developing countries. Prerequisites: ECO 261 and 262.
This course is offered as needed.
ECO 451 LABOR ECONOMICS AND HUMAN RESOURCE
MANAGEMENT (3 s.h.)
Principles of economics applied to the human resource and
its market with emphasis on hiring, training, labor legislation,
and compensation policies relevant to the management of
people at work. Prerequisites: ECO 261 and 262. This course
is offered in the spring semester, odd-numbered years.
ECO 452 INTERNATIONAL TRADE AND FINANCE
(3 s.h.)
International trade theory and practice, the financial dimensions
of multinational exchange, institutional features and channels
of marketing, and international corporate relationships.
Designated writing-enrichment course for Financial Economics
majors. Prerequisites: ECO 261 and 262. This course is offered
fall semester, odd-numbered years and as needed.
ECO 465 ECONOMIC GROWTH AND DEVELOPMENT
(3 s.h.)
Theories of economic development with reference to the economic
history of the industrially advanced nations. Applications
of theory to problems and policies of emerging and underdeveloped
economies. Prerequisites: ECO 261 and 262. This course is
offered in the spring semester, even-numbered years.
ECO 485 SPECIAL TOPICS (3 s.h.)
Selected applications of economic theory and practice. Content
and credit vary. Prerequisites: completion of 24 s.h. of
major requirements and permission of the department chair.
This course is offered as needed.
ECO 499 INDEPENDENT STUDY IN FINANCIAL
ECONOMICS (TBA)
An opportunity for a well-qualified, upper-division student
to engage in special research in his/her major. Requires
approval by the faculty advisor, the supervising professor,
the department chair, and the school dean before approval
by the Vice President for Academic Affairs. Credit to be
determined.
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