The Bachelor of Arts in Economics and Finance has been accepted into the CFA Institute University Recognition Program. This status is granted to institutions whose degree program(s) incorporate at least 70% of the CFA Program Candidate Body of Knowledge (CBOK), which provide students with a solid grounding in the CBOK and positions them well to sit for the CFA exams. For more information, contact Dr. Mary Merva, CFA .
The major in Economics and Finance is designed to give students a solid base in the theoretical, quantitative, and analytical skills necessary to pursue further study and careers in the areas that require a solid background in economics and finance. Through appropriate choices of major electives, students can further develop their expertise in finance, economics, law, international affairs, marketing, and management. The major features a senior seminar that strengthens students’ ability to undertake research, work with empirical information, communicate their knowledge effectively via position and policy papers, and become aware of the CFA Institutes’ Code of Ethics and Standards of Professional Conduct. In addition, following the University’s liberal arts tradition, students undertake study on the history of economic thought or business ethics to develop an understanding of the power of ideas that shape economic opinions and policy.
“A study of the history of opinion is a necessary preliminary to the emancipation of the mind.”
John Maynard Keynes, English economist and financier, 1883-1946.
Learning Outcomes for the Economics and Finance Major
Requirements for the degree
A. The Proficiency Requirements of the University in English, Mathematics, and Foreign Language.
B. The General Distribution Requirements of the University in English, Mathematics, Science, Social Sciences, Humanities and Fine Arts.
C. Additional Requirements (Prerequisites) for the Economics and Finance Major
1. CS 110 Microcomputer Applications
2. MA 197 Pre-Calculus
3. MA 198 Calculus I
4. MA 208 Statistics I
5. FIN 201 Financial Accounting
6. FIN 202 Managerial Accounting
7. EC 201 Principles of Microeconomics
8. EC 202 Principles of Macroeconomics
D. Core Courses
1. EC 301 Intermediate Microeconomics
2. EC 302 Intermediate Macroeconomics
3. MA 209 Statistics II
4. EC 360 Econometrics
5. FIN 301 Finance
6. EC 316 International Economics
7. EC 350 History of Economic Thought or BUS 301 Business Ethics
8. EC 372 Financial Institutions and Capital Markets
9. EC 480 Senior Seminar in Economics and Finance
The University requires an overall minimum grade point average of 2.00 in all courses taken at the University with no more than two grades lower than C- in core courses required for the major.
E. Major Electives
Six courses from EC, FIN, BUS, MKT, MGT, LAW, MA, PL, PS, of which at least three must be at the 300 level or higher in EC or FIN. Courses at the 100-level do not qualify as major electives. Students should consult with their advisor regarding the major electives most appropriate for their interests and future career or academic plans.
F. Major Electives for students preparing for the Level I exam for the Chartered Financial Analyst® (CFA®) designation awarded by the CFA Institute or in a Finance Track :
Suggested courses for students in this track are the 300-level Finance courses such as FIN 312 Investment Analysis, FIN 330 International Finance, FIN 340 Introduction to Derivatives, FIN 350 Fixed Income Analysis, and FIN 360 Mergers and Acquistions. Please see the CFA Institute’s web site for further information on the CFA program: www.cfainstitute.org.
A limited number of need-based scholarships are available for the Level I exam for qualified degree-seeking and visiting students; interested students should refer to the CFA or contact Dr. Mary Merva, CFA, [email protected].
Major Electives for Graduate School Track in Economics and Finance :
Suggested courses for students planning to pursue graduate studies in economics include: MA 299 Calculus II, EC 491 Mathematical Economics, MA 491 Linear Algebra, MA 492 Mathematical Statistics, and MA 493 Stochastic Calculus for Finance.