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Economics and Finance Department at School of Business

Courses

Undergraduate courses (Overview)

Graduate courses (Overview)

Undergraduate courses (Detail)

ECON100 Introduction to Economics (3.00 credit hours)

Description: Major objectives and features of the American economy, including operations ofa market economy, structure and function of business, money and banking,government and business relations. For non-majors only. Meets Gen Ed 2002 -Social Science, Social Science. Meets the 1983 General Education Requirement(GER) - Social Science, Survey Course.

Prequisites: Not open to Economics majors; may not be taken after ECON101 and/or ECON102

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ECON101 Principles of Economics: Macro (3.00 credit hours)

Description: A study of the American economy, analytically and institutionally; theachievement of an optimal allocation of resources, price stability, fullemployment level of national income and long term growth. Meets Gen Ed 2002 -Social Science, Social Science. Meets the 1983 General Education Requirement(GER) - Social Science, Survey Course.

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ECON102 Principles of Economics: Micro (3.00 credit hours)

Description: Organization and operation of the American economy for the production anddistribution of goods and services. Pricing of products and factors ofproduction in market situations varying from competition to monopoly. Resource allocation, price determination and behavior of the firm in thedetermination of quantity of output and the hiring of factors of production. Meets Gen Ed 2002 - Social Science, Social Science. Meets the 1983 GeneralEducation Requirement (GER) - Social Science, Survey Course.

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ECON203 Economic Statistics (3.00 credit hours)

Description: Basic elements of economic statistics including frequency distribution,sampling, index numbers, statistical inference, regression and correlationtechniques.

Prequisites: ECON101, and 102, and MATH113, and 114

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ECON204 Real Estate Principles & Practice (3.00 credit hours)

Description: An introduction to the economics of the real estate business, including thegeneral practices and the language of real estate. Providing a basicknowledge of the real estate business the course covers such topics as thephysical, legal, locational and other characteristics of real estate. Thecourse emphasizes the market evaluation and financing of real estate, thenature of real estate markets and the regional and local factors that mayinfluence real estate values. Ethical issues are emphasized throughout thecourse.

Prequisites: ECON101 and ECON102 and MKTG240

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ECON205 Collective Bargaining: Theory and Practice (3.00 credit hours)

Description: The development of collective bargaining in the United States and an analysisof the factors that account for present practices. The impact of collectivebargaining on contemporary American life. Work in field.

Prequisites: ECON101 and 102

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ECON206 Managerial Economics (3.00 credit hours)

Description: The application of economic theory in the decision-making processes of thefirm; utilization of economic analysis in the study of demand, costs, pricingand capital investment decisions.

Prequisites: ECON203 or ECON101 and ECON102 and INFO270 or ECON101 and ECON102 andINFO271

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ECON207 Intermediate Microeconomic Analysis (3.00 credit hours)

Description: The basic determinants of market demand. Input-output relationships indetermining cost structure. Determination of prices received by resourceowners in the productive process. Theory of the firm and pricing in differenttypes of market organization with varying degrees of competitive conditions.

Prequisites: ECON101 and 102

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ECON208 Intermediate Macroeconomic Analysis (3.00 credit hours)

Description: The factors comprising aggregate demand and how they interact to determine thelevel of employment, output and the price level; the role of monetary andfiscal policy.

Prequisites: ECON101 and 102

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ECON209 Collective Bargaining in the Public Sector (3.00 credit hours)

Description: Course will analyze the sources of growth of collective bargaining in thepublic sector; examine processes utilized by the parties and evaluate theimpact of collective bargaining.

Prequisites: ECON101 and 102

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ECON213 Economic History of the United States (3.00 credit hours)

Description: Evolution of economic institutions with emphasis on development of domesticand foreign markets, technological changes and industrial growth. Analysisand interpretation of cyclical changes. Cross listed with History, HIST 213.

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ECON215 The Economics of Social Problems (3.00 credit hours)

Description: The extent, causes and consequences of poverty, inequality and insecurity. Anappraisal of reforms, social insurance, medical care, public housing, ruraldevelopment. The economics of discrimination and educational opportunity. Meets the 1983 General Education Requirement (GER) - Social Science, TopicCourse. Meets the Multicultural Awareness Requirement (MAR). Meets the Humanand Intercultural Relations Requirement (HIRR).

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ECON221 Economics of Professional Sports (3.00 credit hours)

Description: This course applies economic analysis to the professional sports industryunder alternative institutional structures. The course addresses thestructure and conduct of various sports markets in terms of the relationshipbetween economic theory and evolving public policy alternatives.

Prequisites: ECON101 and ECON102

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ECON222 Economic History of Europe (3.00 credit hours)

Description: The economic life and development of Europe from the Middle Ages to thepresent, emphasizing the period from about 1750; economic causes that underliethe dislocations and perplexities of the 19th and 20th centuries. Crosslisted with History, HIST 222.

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ECON223 Economics of Fine and Performing Arts (3.00 credit hours)

Description: This course applies economic analysis to various aspects of the fine andperforming arts field. It includes an examination of theater economics,museum economics, and cinema economics, based on microeconomic theory ofdecisions as it applies to for-profit and non-profit institutions.

Prequisites: ECON101 and ECON102

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ECON250 Selected Topics in Economics (3.00 credit hours)

Description: An in-depth study of a particular theoretical or applied area of economics. May be repeated twice for a maximum of 9. 0 credits as long as the topic isdifferent.

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ECON300 World Resources and Industries (3.00 credit hours)

Description: Distribution, flow and consumption of mineral resources. Political, economicand social implications of the geography of resources. Basic studies inindustrial location, agricultural land use, problems of economic developmentand population-resource ratios. Examines world trend in production controlsand market allocations. Cross listed with Earth and Environmental Studies,EUGS300.

Prequisites: ECON101 or EUGS101 or EUGS102

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ECON301 Money and Banking (3.00 credit hours)

Description: An analysis of the economic role of money and credit in our economy withprimary emphasis on federal reserve and treasury operations.

Prequisites: ECON101 and 102

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ECON302 Economics and Finance for Business Minors (3.00 credit hours)

Description: This comprehensive course maintains a reasonable balance between thedisciplines of economics and finance. It includes micro and macroeconomics aswell as selected topics in finance. Economics underlines how market andnon-market institutions can best allocate relatively scarce resources topromote individual and social welfare. Among other topics, students learn howone can measure in a precise way the responsiveness of the quantities boughtand sold to changes in prices and other influences on buyers and sellers. They also explore how market economies operate by first working through theperfectly competitive model then turning to noncompetitive market structures. The finance portion of the course provides students with a basic professionalbackground in both corporate finance and investment. They are exposed to thefundamentals of discounted cash flows valuations after they have beenintroduced to the time value of money in the most general sense. They alsolearn how to value major sources of financing for corporations such as bondsand stocks. This leads them to consider the most important techniques used bya firm to analyze possible investments to decide which ones are worthundertaking.

Prequisites: For Business minors only

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ECON303 Economic Growth and Development (3.00 credit hours)

Description: Problems of hastening the growth of countries with low incomes per person; therequisites for the economic development, the obstacles to such development,the strategy and tactics of development and aid for development. Meets the1983 General Education Requirement (GER) - Social Science, Non-WesternCultural Perspectives.

Prequisites: ECON207

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ECON304 Public Policies Toward Business (3.00 credit hours)

Description: The economic organization of particular American industries. US policytoward competition, monopoly and bigness in business. Government control ofpublic utilities, transportation, radio and television broadcasting.

Prequisites: ECON207 or 206

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ECON305 Commercial Real Estate: Theory and Practice (3.00 credit hours)

Description: By developing an understanding of the relevant market structures,institutional frameworks (e. g. , tax laws, social regulations, monetary policy,etc. ) and appropriate analytical tools, this course provides students with anoperational knowledge of investing in commercial real estate. The analysisfocuses on real world examples and emphasizes the use of computer-basedprograms.

Prequisites: ECON204

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ECON308 Public Finance (3.00 credit hours)

Description: The impact of governmental expenditures, taxes and debt operation on resourceallocation, income distribution, economic stabilization and economic growth.

Prequisites: ECON207 or 206

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ECON310 Urban and Regional Economics (3.00 credit hours)

Description: The underlying economic forces operating in the urban economy development ofthe urban economic unit, relationship of the urban economy to the regional andnational economy, economic activity within the urban area and the publicsector of the urban economy.

Prequisites: ECON207 or 206

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ECON311 Labor Economics (3.00 credit hours)

Description: The determinants of wages in the organized and unorganized markets; ahistorical survey and analysis of the principal institutions and centralprocesses in the labor and manpower areas; an examination of current issues inlabor relations.

Prequisites: ECON207 or 206

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ECON312 Business Cycles and Forecasting (3.00 credit hours)

Description: Fluctuations in economic activity which characterize modern industrialeconomies. Definitions, descriptions and statistical measurement of businesscycles are presented along with theories describing the causes of the cycles. Practical application of forecasting techniques to predict the course offuture economic and business activity.

Prequisites: ECON203, or INFO270, or INFO271 and ECON208

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ECON314 Development of Economic Thought (3.00 credit hours)

Description: Broadening and improving the command of modern economic theory by examiningthe outstanding contributors to economic thought over the past two centuries.

Prequisites: ECON101 and 102

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ECON320 Latin American Environments and Economies in a Global Framework (3.00 credit hours)

Description: This course is structured to focus on the interactions of the physical worldwith economic, financial, commercial activites in a global perspective. Environment and economics serve as thematic threads to develop dynamic modelsthat are representative of regional -- and increasingly -- global linkages. Cross listed with Earth and Environmental Studies, EUGS 320.

Prequisites: ECON101 and 102

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ECON398 Economics Independent Study (3.00 credit hours)

Description: Independent study for juniors and seniors who have developed a specialinterest as a result of work in a course or who wish to develop their interestthrough their own guided reading. A member of the Economics Department guidesthe student in his research and reading. May be repeated five times for amaximum of 18.

Prequisites: ECON207 and ECON208

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ECON401 Financial Institutions (3.00 credit hours)

Description: The structure and operation of financial institutions, their role in theeconomy and in the money and capital markets. The techniques and objectivesof monetary policy and its effect on financial institutions.

Prequisites: ECON208 or 301

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ECON402 International Economics (3.00 credit hours)

Description: The how, why and consequences of the movement of goods, services and factorsof production in international exchange and an examination of the financialarrangements used to facilitate trade.

Prequisites: ECON101 and 102

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ECON403 Comparative Economic Systems (3.00 credit hours)

Description: The economic systems of planned and mixed economies with special emphasis onthe Soviet Union, China, the United Kingdom, the Scandinavian countries andthe United States. Meets the 1983 General Education Requirement (GER) -Social Science, Topic Course.

Prequisites: ECON101 and ECON102

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ECON404 Interdependence in the Global Economy (3.00 credit hours)

Description: This course is a one semester introduction to the challenges and opportunitiescreated by the increasing interdependence in the world economy. The emphasisis on empirical explorations of the implications of the core theories ofinternational trade and finance for the US consumer, entrepreneur andpolicymaker. In addition, some of the current economic issues flowing fromour global linkages are examined with a view to assessing the propriety of thefiscal and monetary response.

Prequisites: ECON402

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ECON405 Economic Development of Sub-Saharan Africa (3.00 credit hours)

Description: An examination of economic policies in Africa as they affect prospects forgrowth and development of the region. Students will engage in a variety ofresearch projects that combine theory with analytical tools to derivepolicy-relevant findings. Meets the Multicultural Awareness Requirement(MAR).

Prequisites: ECON203 and 207

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ECON407 Economics of Industrial Organization (3.00 credit hours)

Description: The causes and effects of structure, size and concentration on competition andmarket prices.

Prequisites: ECON207 or 206

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ECON409 Economics of National Security (3.00 credit hours)

Description: This course applies economic analysis to basic dimensions of national securityunder alternative institutional structures. The course addresses political,economic, financial, and environmental issues, and includes and analysis ofrecent innovations in risk management as they apply to the economics ofnational security in a variety of policy settings.

Prequisites: ECON101 and ECON102

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ECON410 Computer Applications in Economics and Finance (3.00 credit hours)

Description: This course is designed to use computer concepts in the context of economicsand finance applications. Empirical and theoretical aspects of economics andfinance are studied. Computer applications are covered in statistics andeconometrics, cost-benefit analysis, decision-making, portfolio analysis,input-output economics, and the simulation of economic and financial models. Students apply programming concepts, as well as use existing software. Crosslisted with FINC 410.

Prequisites: ECON207 or 208 or FINC321

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ECON414 Economics of Natural Resources and Global Warming (3.00 credit hours)

Description: This course links economic analysis of the technology and economics of naturalresources to global warming. The focus is on the structure of domestic andinternational natural resource markets, how pricing is derived, and howutilization of natural resources is relate to patterns of global warming.

Prequisites: ECON101 and ECON102

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ECON417 Mathematical Economics (3.00 credit hours)

Description: Formulation of economic theory in mathematical language. Application ofmathematical methods to economic theory and to the derivation of theoreticalconclusions.

Prequisites: ECON207 or ECON206 and 208

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ECON418 Economics Of Human Resources (3.00 credit hours)

Description: Analysis of the role of human resources in the economic process.

Prequisites: ECON207 or 206

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ECON419 Economics Of Energy And Environmental Policy (3.00 credit hours)

Description: An examination of the economic, technological, and environmental dimensions ofenergy policy choices. Emphasis is given to the linkages among variouseconomic models, elementary principles of energy storage and conversion, andspecific energy technologies as they apply to past and current energy policyalternatives.

Prequisites: ECON207 or 206

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ECON420 Econometrics (3.00 credit hours)

Description: An introduction to the techniques of applied economic (social science)research. Examination of the tools necessary for applied economic researchand methods for dealing with certain problems inherent in economic data. Theprimary emphasis will be on the application of the techniques to economicdata.

Prequisites: ECON101, and ECON102, and ECON203, or INFO270, or INFO271

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ECON438 Advanced Seminar in Economics (3.00 credit hours)

Description: A seminar designed to integrate economic theory, quantitative tools, andinstitutional knowledge in a series of applied issues. Students are requiredto undertake a number of specific oral and written projects that describetheir understanding of key elements within the discipline. This course servesas a capstone for Economics students. Meets the University WritingRequirement for BAEC, ECBE, ECOE and ECON majors.

Prequisites: ECON206 or ECON207; ECON208; INFO270; seniors only; ECON, ECBE, ECOEandBAECmajors only

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ECON439 Advanced Seminar in Economics: Honors I (3.00 credit hours)

Description: Define the scope and methodology of the honor project through the presentationof a thesis prospectus. This process will involve preparation of a review ofthe relevant research literature, specification of an appropriate researchmethodology, gathering and testing of preliminary data where appropriate, aswell as submission of the thesis prospectus to the departmental honorscommittee.

Prequisites: Departmental approval

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ECON440 Advanced Seminar in Economics: Honors II (3.00 credit hours)

Description: Student will complete all appropriate quantitative and qualitative analysis ofSeminar in Economics Honors I as well as prepare a summary and interpretationof their findings. Through discussion of findings, faculty and student willmake suggestions for any additional analysis or revisions to be undertaken.

Prequisites: ECON439

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ECON461 Seminar in International Economic Geography (3.00 credit hours)

Description: An interdisciplinary seminar focusing the techniques of economics andgeography on a common theme, hopefully resulting in a synergistic conclusion. Cross listed with Urban and Geographic Studies, EUGS 461.

Prequisites: ECON101 or 102

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ECON490 Real Estate Internship (3.00 credit hours)

Description: This course provides students with professional work experience beforecompleting their concentration degree.

Prequisites: ECON305

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ECON497 Economics Independent Study (3.00 credit hours)

Description: Open to students who wish to undertake reading and/or research in specializedareas of economics. May be repeated five times for a maximum of 18.

Prequisites: ECON207 and ECON208

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FINC321 Fundamentals of Finance (3.00 credit hours)

Description: Financial statements and financial forecasting. Introduction to risk, return,and value. Introduction to working capital management, capital budgeting,optimum capital structure, and dividend policy.

Prequisites: INFO270 or INFO271; and ECON101; and ACCT201; and major within the Schoolof Business

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FINC322 Capital Budgeting Management (3.00 credit hours)

Description: Analysis of various investment criteria, especially net present value andinternal rate of return. Risk in capital budgeting, capital budgets andperformance evaluation, stressing the distinction between accounting andfinancial criteria. Application of concepts and techniques to such issues asleasing, mergers and acquisitions.

Prequisites: FINC321; major within the School of Business

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FINC326 Investment Principles and Portfolio Theory (3.00 credit hours)

Description: A review of risk analysis and methods of valuing, fixed-income and equityinstruments, the efficient frontier, portfolio theory, the capital assetpricing model and an introduction to option and futures market.

Prequisites: FINC321; major within the School of Business

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FINC327 International Financial Management (3.00 credit hours)

Description: Introduction to multinational business finance. Foreign exchange markets andexchange rate forecasting. Balance of payment accounts, measures of surplusor deficit and their relevance to financial planning. International financialmarkets and international banking. Import and export financing. Positioningof funds.

Prequisites: FINC321; major within the School of Business

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FINC350 Special Topics in Finance (3.00 credit hours)

Description: An in-depth study focusing on a specific area in the theory, policy andcontemporary practices in Finance.

Prequisites: FINC321

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FINC410 Computer Applications in Economics and Finance (3.00 credit hours)

Description: This course is designed to use computer concepts in the context of economicsand finance applications. Empirical and theoretical aspects of economics andfinance are studied. Computer applications are covered in statistics andeconometrics, cost-benefit analysis, decision-making, portfolio analysis,input-output economics, and the simulation of economic and financial models. Students apply programming concepts, as well as use existing software. Crosslisted with ECON 410.

Prequisites: ECON207 or 208 or FINC321

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FINC423 Advanced Corporate Finance (3.00 credit hours)

Description: Interaction of investment and financing decisions. Optimal capital structureand dividend policy: The Miller-Modigliani propositions. Calls and puts. Option valuation models. Valuation of risky debt and term structure ofinterest rates. Warrants and convertibles.

Prequisites: FINC322; major within the School of Business

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FINC425 Working Capital Management (3.00 credit hours)

Description: Detailed treatment of topics such as components of working capital; cashbudgeting; short-term financial planning. Credit management; cash andinventory management; short-term lending and borrowing.

Prequisites: FINC321; major within the School of Business

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FINC429 Real Estate Investment (3.00 credit hours)

Description: Covers mortgage financing, ownership forms, tax factors, inflation, leverage,risk/return, cash flow projection, holding period, and disposition strategy. Examines the rent or house-buying decision; land, apartment building, officebuilding, and shopping center investments; and the current investment climate.

Prequisites: FINC321

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FINC430 Futures/Options, and other Derivatives (3.00 credit hours)

Description: This course introduces students to derivative instruments including options,futures and swaps. Definitions, concepts, and strategies are explained. Valuation methods are presented. This course also discusses different hedgingstrategies.

Prequisites: FINC326; major within the School of Business

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FINC431 Advanced International Financial Management (3.00 credit hours)

Description: Measurement and management of foreign exchange exposure. Exchange and countryrisk. The Foreign Investment Decision, multi-national capital budgeting, costof capital and financial structure.

Prequisites: FINC327; major within the School of Business

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FINC490 Seminar in Finance (3.00 credit hours)

Description: The seminar is the terminal course in the concentration. It has two principalobjectives. It provides students with an integrated overview of the majorsubfields of the concentration - Investments, Corporate and InternationalFinance and Financial Markets and Institutions. Second, students will choosea research topic in consultation with the instructor, make a classroompresentation, and write a formal paper on the topic. Meets the UniversityWriting Requirement for BAFN majors.

Prequisites: FINC322, and 326, and 327; major within the School of Business

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FINC491 Cooperative Education in Finance (3.00 to 8.00 credit hours)

Description: Special fee. This course is aimed at synthesizing theory and practice. Students will beprovided an opportunity to have an exposure to one or two off-campuson-job-trainings in various aspects of quantitative methods of one or morebusinesses.

Prequisites: FINC321

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Graduate courses (Detail)

ECON501 Economic Analysis (3.00 credit hours)

Description: The resource allocation and distribution of income implications of amarket-oriented economy operating under various degrees of competition. Alsoanalyzed are the determinants of consumer and market demand and thetheoretical cost structure of firms.

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ECON502 Financial Institutions and Monetary Policy (3.00 credit hours)

Description: This course analyzes the structure and functioning of the monetary andfinancial system. The component parts and the system as a unit will beexamined as they interrelate to affect the economy. Topics include commercialbanking system, federal reserve system, financial markets, financialintermediaries, determination of the level and structure of interest rates,and contemporary problems, both theoretical and applied, in the area ofmonetary policy. This course is cross listed with FINC 502.

Prequisites: ECON501 and 505

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ECON503 Economic Problems of the Third World (3.00 credit hours)

Description: A survey of major economic problems of the Third World; examination of theeconomic structure of developing countries and of general theories of economicdevelopment; critical evaluation of various policy alternatives for theirdevelopment; analysis of possible economic relationships between First andSecond Worlds with the Third World.

Prequisites: ECON501

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ECON505 Aggregate Economics (3.00 credit hours)

Description: This course develops contemporary macroeconomic theories to explain aggregateemployment, national income and the levels of interest rates and prices. Along with developing various models the course examines current research andreviews the economy's recent macroeconomic performance.

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ECON508 Economics of Public Management (3.00 credit hours)

Description: Computer-based applications of capital theory to the decision-making processof government. Analysis of alternative approaches to public sector projectevaluation. Spreadsheet applications of project analysis in physical andhuman resource management areas covering water resources, public health, andeducation.

Prequisites: ECON501

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ECON510 Urban Economics: Problems and Policy (3.00 credit hours)

Description: This course studies the location of economic activities, the growth of citiesand the origins of some urban problems in a market economy. Also discussedare the problems of location and congestion due to agglomeration andnon-market phenomena.

Prequisites: ECON501

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ECON521 Applied Econometrics (3.00 credit hours)

Description: This course is aimed at applied research using econometric techniques. Thiscourse will provide the necessary theoretical and practical aspects ofeconometrics. In addition, students will be required to complete a workingpaper as a demonstration of their ability to gather data, choose and apply anappropriate econometrics model and finally prepare their findings.

Prequisites: Departmental approval

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ECON533 Corporations and International Financial Markets (3.00 credit hours)

Description: Discusses the economic theories and problems which confront businessinstitutions when dealing in international financial markets. Analyzes thevarious market instruments and how a corporation may use them. Cross listedwith FINC 533 and International Business INBS 533.

Prequisites: ECON501

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ECON540 Development in Economic Education (2.00 credit hours)

Description: Insights into recent experiments incorporating economic education into thecurriculum, K-12; restructuring of curriculum to promote economicunderstanding. Materials, written and audio-visual, designed for economiceducation. Guest lectures supplement the experience of the course instructor.

Prequisites: ECON501

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ECON541 Foundations of Contemporary Economic Thought (3.00 credit hours)

Description: Antecedents of current economic theory; economics as a cumulative science; theworks of the creative economists; the uses and limitations of economic theory.

Prequisites: ECON501

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ECON542 Business Fluctuations and Forecasting (3.00 credit hours)

Description: Theories to account for variations in business activity; macroeconomic modelsand other forecasting approaches; economic fluctuations in the United States;proposals for reducing fluctuations; Harrod-Domar model and other moderntheories of growth. Cross listed with Economics and Finance FINC 542.

Prequisites: Departmental permission

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ECON543 United States and the International Economy (3.00 credit hours)

Description: Principles of international finance, monetary relations and trade. Discussionof contemporary international monetary and trade problems and policies. Discussion of the economic aspects of current American foreign policy.

Prequisites: ECON501 and 505

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ECON544 Government and Business (3.00 credit hours)

Description: The evolution of government influences on the functioning of the Americaneconomy. The causes and consequences of government regulation and control. The importance of economic analysis in the foundation of public policies.

Prequisites: ECON501

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ECON545 Economics of Labor (3.00 credit hours)

Description: Principal trends in the industrial and occupational distribution of labor;current developments in labor-management relations in both private and publicsectors; market trends and institutional factors that determine employment,wage rates, fringe benefits and industrial peace.

Prequisites: ECON501

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ECON550 Technical Change and International Competition (3.00 credit hours)

Description: This course will discuss the theory of productivity and technical change inthe context of the declining performance of US manufacturing. It willfocus attention on the nature of international competition and its effects onmanufacturing productivity growth in the US Based on the analysis, atentative set of policy suggestions will be offered for restructuring the USmanufacturing sector and strengthening its competitive base.

Prequisites: ECON501

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ECON560 Economics Internship (3.00 credit hours)

Description: In conjunction with ECON 561, this course (ECON 560) is the initial course ofa two course internship sequence. The purpose of ECON 560 is to integrate thestudent's educational experience with an off-campus, business or publicsector, professional experience.

Prequisites: Departmental approval

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ECON561 Internship Treatise (3.00 credit hours)

Description: The post-internship treatise course provides the opportunity for the studentto integrate their formal education and their internship experience in orderto develop a treatise on a specific aspect and application of economic theory.

Prequisites: ECON560 with a minimum grade of B

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ECON570 Business and the Sociopolitical Environment (3.00 credit hours)

Description: B. A students only. Study of the increasingly complex set of interrelationships among business,government and other interest groups in the public policy process. Itexplores the economic and legal environment, and the social and politicalfactors which affect organizations. A series of current corporate and publicpolicy problems are discussed in order to raise major issues, includingethical issues, involved in managing the corporation's relationships with itsmany publics.

Prequisites: Completion of the functional core, which consists of the following courses:ACCT501, MGMT505, MKTG501, FINC501, and INFO505 ; M

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ECON575 Independent Study in Economics (1.00 to 3.00 credit hours)

Description: Under faculty guidance and supervision, this tutorial course is open tostudents who wish to pursue individual study and research in a particulardiscipline. May be repeated five times for a maximum of 18.

Prequisites: Departmental Approval

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ECON577 Selected Topics in Economics (3.00 credit hours)

Description: An in-depth study of a selected topic, issue, problem or trend in businesseconomics. The specific subject matter is not offered as an existing regularcourse or deserves more time-emphasis than is possible in a regular course. When offered, topics and prerequisites are announced in the course schedulebook. May be repeated five times for a maximum of 18. 0 credits as long as thetopics is different.

Prequisites: ECON501 and 505

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ECON590 Reading Seminar in Applied Economics (3.00 credit hours)

Description: Required of all candidates in the BA/MA Applied Economics Program. Thisseminar entails directed independent study in preparation for a three (3) hourwritten comprehensive examination.

Prequisites: Departmental approval

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ECON603 Reading Seminar in Economics (2.00 credit hours)

Description: Required of all Master of Arts degree in Social Science candidatesconcentrating in economics, this seminar entails directed independent study inpreparation for a three hour written comprehensive examination.

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ECON698 Master's Thesis (3.00 credit hours)

Description: Independent research project done under faculty advisement. Students mustfollow the MSU Thesis Guidelines, which may be obtained from the GraduateSchool.

Prequisites: Departmental approval

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ECON699 Master's Thesis Extension (1.00 credit hours)

Description: Continuation of Master's Thesis Project.

Prequisites: ECON698

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FINC501 Corporate Financial Management (3.00 credit hours)

Description: An introductory course in corporate financial management which providesstudents with an understanding of the fundamental concepts of modern financefrom an analytical and quantitative perspective and serves as a foundationcourse for further work in finance. The course stresses: valuation; capitalbudgeting decisions; capital structure and dividend decisions.

Prequisites: ACCT501, and ECON501, and INFO501; major within the School of Business;MBA degree students only

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FINC502 Financial Institution and Monetary Policy (3.00 credit hours)

Description: This course analyzes the structure and functioning of the monetary financialsystem of the United States. Topics include Commercial Banking System,Federal Reserve System, financial markets, financial intermediaries,determination of the level and structure of interest rates, and key issues inmonetary policy in the United States. Cross-listed with Economics andFinance, ECON 502.

Prequisites: ECON501 and 505

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FINC533 Corportations and International Financial Markets (3.00 credit hours)

Description: Discusses the economic theories and problems which confront businessinstitutions when dealing in international financial markets. Analyzes thevarious market instruments and how a corporation may use them. Cross listedwith ECON 533 and International Business, INBS 533.

Prequisites: ECON501

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FINC542 Business Fluctuations and Forecast (3.00 credit hours)

Description: Theories to account for variations in business activity; macroeconomic modelsand other forecasting approaches; economic fluctuations in the United States;proposals for reducing fluctuations; modern theories of economic growth. Cross listed with Economics and Finance, ECON 542.

Prequisites: Departmental permission

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FINC551 Investments, Portfolios and Security Analysis (3.00 credit hours)

Description: Develops the analytical methods relevant to investment management. Techniquesare presented for the evaluation of corporate equity, debt, and othersecurities. Portfolio theory is presented in the context of formulating andmanaging appropriate asset portfolios.

Prequisites: FINC501

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FINC552 International Financial Policy (3.00 credit hours)

Description: Analytically oriented introduction to the political, economic, operational andtax environment in which international business, particularly multinationalcorporations, functions. Stressing methods of analysis, which enabledefensive strategies against risk, the course is comprised of five majorunits: Political and country risk; foreign exchange risk; long-run investmentsand financing; working capital management; and control performance evaluationand tax planning. Cross listed with International Business, INBS 552.

Prequisites: FINC501

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FINC553 Financial Derivatives (3.00 credit hours)

Description: This course extends the array of financial instruments covered in the initialinvestment course to include modern hedging instruments such as futures,options and swaps. Included is a description, analysis, and use of theseinstruments by corporations, banks, and investors.

Prequisites: FINC551

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FINC554 Advanced Financial Policy (3.00 credit hours)

Description: Focuses on the application of valuation, investment, financing and dividenddecisions to case studies. It examines various practical problems in capitalbudgeting, the valuation of different kinds of debt and options, and financialplanning and strategy.

Prequisites: FINC501

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FINC555 Financial Structure Analysis (3.00 credit hours)

Description: This is an advanced course in finance which deals with the long-term financingdecisions and strategies of the corporations. The theory of capital structureand costs of capital is presented. Emphasis is on integration of theinvestment and financing decisions of the firm.

Prequisites: FINC553

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FINC556 Mergers and Acquisitions (3.00 credit hours)

Description: This course examines the process by which mergers and acquisitions take place. The focus of the course is on the environment surrounding mergers andacquisitions, including motivations for M&A, how targets or buyers are found,M&A as a step in the strategic planning process, valuation of the targetcompany, ethical issues in the M&A process, and implementation of the M&A.

Prequisites: FINC501

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FINC570 Case Studies In Financial Management (3.00 credit hours)

Description: Emphasizing the central theme of value creation and capital market efficiencythat reappear throughout the course, students will analyze through acase-study method the way in which the subjects of financial analysis andforecasting, the cost of capital, capital budgeting, the management ofshareholders equity and corporate debt, innovative financial instruments, andcorporate restructurings (including mergers and buyouts) contribute tocreating firm value.

Prequisites: FINC501

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FINC575 Independent Study in Finance (1.00 to 3.00 credit hours)

Description: Under faculty guidance and supervision, this tutorial course is open tostudents who wish to pursue individual study and research in a particulardiscipline.

Prequisites: Departmental approval

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FINC576 Seminar in Financial Innovations (3.00 credit hours)

Description: Designed to describe and analyze the new developments in the field of finance- corporate, international, and financial markets and institutions - that haveappeared over the last five years and the possible directions for the future. The content of the course is intended to be dynamic rather than static, as newfinancial instruments and institutions are introduced into this fast changingfield.

Prequisites: FINC551 and FINC552, or FINC551 and FINC554, or FINC551 and 570, or FINC552 and FINC554, or FINC552 and FINC570, or FINC554 and FINC570

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FINC577 Selected Topics in Finance (3.00 credit hours)

Description: An in-depth study of a selected topic, issue, problem or trend in finance. The specific subject matter is not offered as an existing regular course ordeserves more time-emphasis than is possible in a regular course. Whenoffered, topics and prerequisites are announced in the course schedule book. May be repeated once for a maximum of 6. 0 credits as long as the topic isdifferent.

Prequisites: FINC501

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