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Undergraduate Economics/Finance Course Descriptions

EC 101 Introduction to Economics [3] An introduction to the study of economics and its applications to issues such as budget, deficit, tax policy, inflation, unemployment, and international trade. This course will also apply economics to issues such as health care, poverty, and crime. This course may not be taken for credit by Barney students, A&S economics majors, and political economy majors.

EC 311 Intermediate Macroeconomic Analysis[3] This course is designed to provide students with the economic and analytical tools to better understand the domestic and global economic environments; macroeconomic problems, such as inflation and unemployment; and the alternative policy proposals suggested for solving these problems. Emphasis is placed on business cycle behavior, stabilization policies, economic growth, and international macroeconomic linkages. Prerequisites: EC 110 and 211.

EC 312 Managerial Economics [3]This course integrates the traditional coverage of microeconomic theory with modern developments in the theory of economic organizations and managerial decision making. Introducing the concepts of transaction costs, this course examines efficiency and coordination with firms, and provides tools for effectively analyzing a wide variety of business situations. Topics include the neoclassical theory of the firm, the organization of the firm, centralized decision making, market failure and externalities, economics of information, and game theory. Prerequisites: EC 110 and 211.

FIN 310 Business Finance [3]An introduction to general principles of business finance. Subjects include financial statements, discounted cash-flow analysis, risk and return, stock and bond valuation, capital structure, cost of capital and capital budgeting. Emphasis is placed on the development of problem-solving skills and financial applications in the business community. Prerequisite: AC 210.

FIN 380 Financial Mathematics [3] This course provides an overview of the fundamental concepts in financial mathematics and an introduction to financial derivatives. Topics include interest rates, annuities, perpetuities, valuation of various financial instruments, term structure of interest rates, duration, financial forwards, futures and options, swaps, and other strategies used in risk management.

FIN 430 Investment Analysis [3]In this course, students learn about the analysis and valuation of stocks and bonds and the measurement of investment performance. Topics include trading mechanisms and the structure of financial markets around the world. The risk associated with such investments and techniques for measuring them are analyzed. Valuation of contingent claims, such as options and futures, is also discussed. International topics and ethics are an integral part of the course. Prerequisite: FIN 310.

FIN 450 International Finance [3]Analysis of the international financial environment with particular emphasis on the foreign exchange markets and their interrelationships with international financial management; overview of major international financial markets and instruments, foreign exchange hedging, speculation and arbitrage, optimal short-term and long-term borrowing and investing decisions; analysis of currency futures, forwards, and options markets and their uses in international corporate financial management; forecasting foreign exchange rates; measuring and managing foreign exchange risks; multinational corporate cost of capital and capital budgeting; and instruments of international trade finance. Prerequisite: FIN 310.

EC/FIN 480 Internship in Economics/Finance [3]This course fulfills the required internship for students majoring in economics/finance. Under the supervision of a faculty advisor, students gain field experience with a for-profit or not-forprofit organization. Prerequisites: BAR 211, FIN 310, junior status, departmental approval, and cumulative GPA of 2.0.

EC 316 The Economics of Public Policy [3]This course applies basic economic theories for analysis of some current socioeconomic issues for public policy decision making. Selected policy areas may include analyzing international macroeconomic and microeconomic data obtained through the Internet or other sources, inflation and unemployment, economic growth, urban decay, poverty, discrimination, health care, retirement policies, tariffs and international trade policy, pollution, government regulations, income distribution, and other contemporary issues. Students are expected to work in teams to develop alternative solutions to problems discussed. Prerequisites: EC 110 and 211, or permission of instructor.

EC 324 Economics of Money, Banking, and Financial Markets [3]This course stresses the economic way of thinking by developing a unifying analytical framework for the study of money, banking, and financial markets. This framework uses a few basic economic principles to analyze the structure of financial markets, the foreign exchange market, bank management, and the role of money in the economy. International applications are integrated throughout the course. Topics such as international banking, conduct of monetary policy in other countries, and the growing integration of financial markets, among others, are covered. Prerequisites: EC 110 and 211.

EC 450 International Economics [3]A survey of the salient features of the present international economy and a foundation in the theory of international trade and finance. Topics include classical and modern trade theories, regional economic integration, commercial policy, and current issues of the global economy. Prerequisites: EC 110 and 211.

EC 464 Economics of the City [3]Builds on basic microeconomic principles to address the questions of where firms and consumers choose to locate and how and why they make their choices. Topics include location theory; market forces that result in development of cities; government policies that affect land rent and land use within cities; spatial aspects of poverty, discrimination, and housing; and state and local government spending on education and property taxation. Prerequisite: EC 312.

FIN 360 Cases in Finance [3]Designed to train the student in the many ways of thinking about corporate financial problems. The cases provide the basis for class discussions on the approach to financial problem solving. Prerequisite: FIN 310 or equivalent.

FIN 432 Portfolio Management [3]In this course, students learn about the theory and practice of portfolio management, for both individual and institutional portfolios. Topics are alternative techniques for designing investment portfolios and the criteria for revision and performance evaluation. Portfolio insurance and the use of options and futures markets are also discussed. International topics, ethics, and social issues are an integral part of the course. A group project in portfolio management is designed to develop student skills to work cooperatively in teams. Prerequisite: FIN 310.

FIN 436 Real Estate Finance [3]The course is designed to give the student an understanding of the decision-making tools needed to accurately analyze real estate as an investment. Topics include appraisal techniques and investment evaluation, real estate development, financial leverage, and corporate investment. The social and environmental impact of development is addressed, as are advances in informational technology related to development and evaluation. Prerequisite: FIN 310.

FIN 484 Financing a Small Business [3]An examination of the financial issues and problems faced by small businesses. Topics include financial statement analysis, forecasting, working capital management, coping with financial distress, sources of capital, business valuation, and ethical issues. Students develop problemsolving skills by analyzing weekly case study assignments and preparing a comprehensive business plan. Emphasis is placed on the availability and use of community resources to assist small businesses. Extensive use of computer spreadsheet programs is required. Prerequisite: FIN 310.

BAR 510-511 Applied Financial Analysis and Investments [1.5-1.5]This course provides an applied financial analysis and investment opportunity for both undergraduate and graduate students. Students obtain hands-on experience in establishing, managing, and reporting on an actual investment fund set up with the University. Students review the overall economic operating environment, review selected industry trends, and understand the global/ political impact of investment decisions. Topics include applying a risk-based approach to identify investment opportunities, conducting investment research and analysis, establishing performance benchmarks, selecting individual investments for acquisition, executing actual trades, reviewing investment results, and evaluating monthly and final portfolio performance. Students also examine the tax implications of investment decisions and the necessary oversight controls to comply with legal and regulatory requirements. Students must take both semesters of this course. Prerequisites: FIN 310 (grade of B or better) and permission of instructor, or MBA 616 (grade of B or better) and permission of instructor.

 


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