Financial Economics

Student presents about his internship

Students studying Financial Economics can choose from a variety of courses. A major or a minor in Financial Economics will prepare students for many professional-level positions. Most private and public sector managerial positions require economic knowledge. Financial Economics majors can expect to enter careers in corporate finance, investment management, commercial and retail banking, financial institutional management, asset analysis, policy and program analysis, and general governmental (federal, state, and local) management. Our liberal arts approach also prepares students for graduate studies in economics, business, law, and related fields.


Degrees Awarded

Bachelor of Science (B.S.), Associate of Arts (A.A.)


Major Requirements

The Financial Economics major consists of 51 s.h. distributed as follows:

Reeves School of Business Foundation Core Requirements

  • ACC 2510 Principles of Financial Accounting (3 s.h.)
  • ACC 2530 Principles of Managerial Accounting (3 s.h.)
  • BUS 2160 Statistics for Business and Economics (3 s.h.)
  • ECO 2610 Principles of Macroeconomics (3 s.h.)
  • ECO 2620 Principles of Microeconomics (3 s.h.)

Reeves School of Business Professional Core Requirements

  • BUS 2430 Management & Organization (3 s.h.)
  • BUS 3320 Managerial Finance (3 s.h.)
  • BUS 3520 Business Law I (3 s.h.)
  • BUS 4700 Business Policy & Strategy (3 s.h.)
  • MKT 2510 Principles of Marketing (3 s.h.)

Required Financial Economics Core Courses

  • ECO 3130 Intermediate Microeconomics (3 s.h.)
  • ECO 3140 Intermediate Macroeconomics (3 s.h.)
  • ECO 3160 Econometrics (3 s.h.)
  • ECO 4700 Research Methodology and Policy Analysis (3 s.h.)

Finance course

  • Select one 4000 level course with a FIN prefix (3 s.h.)

Economics Electives

  • Select two 3000/4000 level courses (6 s.h.) with an ECO prefix

Available Concentrations for Financial Economics Majors


Minor Requirements (Financial Economics)

The Financial Economics minor consists of 18 s.h. distributed as follows:

Core Courses

  • ECO 2610 Principles of Macroeconomics (3 s.h.)
  • ECO 2620 Principles of Microeconomics (3 s.h.)
  • ECO 3110 Money and Banking or FIN 4120: Intermediate Finance (3 s.h.)
  • FIN 3320 Managerial Finance (3 s.h.)

Electives

Select any 6 s.h. from the following:

  • ECO 3110 Money and Banking (3 s.h.)
  • ECO 3810 Public Economics (3 s.h.)
  • ENP 4650 New Venture Capital (3 s.h.)
  • FIN 4120 Intermediate Managerial Finance (3 s.h.)
  • FIN 4150 Investment and Portfolio Management (3 s.h.)
  • FIN 4370 Financial Institutions and Markets (3 s.h.)

Minor Requirements (Economics)

The Economics minor consists of 18 s.h. distributed as follows:

Core Courses

  • BUS 2160 Statistics for Business and Economics (3 s.h.)
  • ECO 2610 Principles of Macroeconomics (3 s.h.)
  • ECO 2620 Principles of Microeconomics (3 s.h.)

Electives

  • ECO 3130 Intermediate Microeconomics or ECO 3140 Intermediate Macroeconomics (3 s.h.)
  • Choose 6 s.h. of other 3000/4000 level courses with an ECO prefix

Associate of Arts Concentration Requirements

The Financial Economics A.A. concentration consists of 21 s.h. distributed as follows:

Core courses

  • ECO 2610 Principles of Macroeconomics (3 s.h.)
  • ECO 2620 Principles of Microeconomics (3 s.h.)
  • ECO 3110 Money and Banking (3 s.h.)
  • FIN 3320 Managerial Finance (3 s.h.)
  • FIN 4120 Intermediate Managerial Finance (3 s.h.)

Finance Electives

  • FIN 4150 Investment and Portfolio Management (3 s.h.)
  • FIN 4370 Financial Institutions and Markets (3 s.h.)

Accreditation

ACBSP Accredited SealThe Reeves School of Business is nationally accredited by the Accreditation Council for Business Schools and Programs (ACBSP) to offer the following degrees: the Professional Master of Business Administration (M.B.A.) with a focus in Organizational Management and Leadership, the Bachelor of Science (B.S.) in Accounting, Business Administration, Entrepreneurship, Financial Economics, Management, Marketing, and Sport Management.  Additionally, a minor in Accounting; Business Administration; Entrepreneurship; Financial Economics; Human Resource Management; International Business; Management; Marketing; Professional Tennis Management; Resort, Club, and Hospitality Management; and Sport Management is accredited.  Finally, a B.S. degree in Accounting, Business Administration, Financial Economics or Marketing with a PGA Golf Management Concentration; Professional Tennis Management; Resort, Club, and Hospitality Management; and Sport Management Concentration is accredited.

Beginning in the fall 2019, the University offers the Bachelors of Applied Science in Accounting degree, as well as, the Bachelors of Applied Science in Business degree. Currently, we are seeking accreditation from the ACBSP for these two degree programs.

Contact the Financial Economics Program

Dr. Hem Basnet

Hem Basnet, Ph.D.

Chair, Financial Economics & Marketing; Associate Professor of Financial Economics
(910) 630-7089
Clark 106
Dr. Hem Basnet
Hem Basnet, Ph.D.

Chair, Financial Economics & Marketing; Associate Professor of Financial Economics

M.A., City College of New York; Ph.D., Southern Illinois University

Bio:

Dr. Hem C. Basnet is an Associate Professor of Economics in the Reeves School of Business at Methodist University. Dr. Basnet teaches both the undergraduate and graduate level Economics and Finance courses. Dr. Basnet's research areas are Consumer Finance, International Finance, Time Series Analysis, Economic/Monetary Integration and Economic Development. He has published his research in some of the leading Economics journals such as World Development, Journal of Economics and Finance, Applied Economics etc. His research has been widely cited in academic community.

Recent Publications:

Regional Economic Integration in Mercosur: The Role of Real and Financial Sectors, (2017), Review of Development Finance, forthcoming (with Gyan Pradhan).

International Migration, Workers' Remittances and Permanent Income Hypothesis, (2017), World Development, 96, p438-450 (with Sokchea Lim).

Internet, consumer spending and credit card balance: Evidence from U.S. Consumers (2016), Review of Financial Economics, 30, p11-22 (with Ficawoyi Donou-Adonsou)

Impact of oil price shocks on output, inflation, and the real exchange rate: evidence from selected ASEAN Countries (2015), Applied Economics, 47(29), p3078-3091 (with Kamal Upadhyaya).

Exchange rate movements and policy coordination in Latin America (2015), Journal of Economics and Finance, 39(4), p679-696 (with Subhash Sharma).

Monetary policy synchronization in the ASEAN-5 region: an exchange rate perspective (2015), Applied Economics, 47(1), p100-112 (with Subhash Sharma and Puneet Vatsa).

Do remittances attract foreign direct investment? An empirical investigation (2014), Global Economy Journal; 14 (1), p1-9 (with Kamal Upadhyaya).

Economic integration in Latin America (2013), Journal of Economic Integration, Vol. 28 (4), p551-579 (with Subhash Sharma).

(910) 630-7089
Clark 106