ECO 203. Prin of Microecon. 3 Hours

PRINCIPLES OF MICROECONOMICS - An introduction to consumer and producer behavior in a market economy, demand and supply, pricing and firm behavior under perfect and imperfect competition, and the distribution of income. Discussion of current topics in microeconomics may be included.

ECO 204. Prin of Macroecon. 3 Hours

PRINCIPLES OF MACROECONOMICS - Introductory economic analysis of the macroeconomy; the determination of gross national product, employment, inflation and the interest rate in the U.S. economy. Government policy, money and banking, and international trade are analyzed.

ECO 301. Sem in Market Econ. 3 Hours

SEMINAR IN MARKET ECONOMICS - Market solutions to economic and political issues. Topics vary, but may include issues relating to drugs, gun control, environmental concerns, government interventions, economic and political freedom, and others. Team taught course. Prerequisite(s): ECO 203.

ECO 340. Managerial Economics. 3 Hours

MANAGERIAL ECONOMICS - Application of economic models to managerial decision making. Topics include demand analysis, forecasting demand, short-run cost analysis, long-run cost and production functions, pricing, and risk and uncertainty. May not get credit for both ECO 340 and ECO 346. Prerequisite(s): ECO 203.

ECO 346. Intrmd MicroEco Anly. 3 Hours

INTERMEDIATE MICROECONOMIC ANALYSIS - Analysis of the theory of consumer behavior, production theory, equilibrium of the firm, price determination in various market structures, distribution of income, allocation of resources, and welfare economics. May not get credit for both ECO 346 and ECO 340. Prerequisite(s): ECO 203.

ECO 347. Intrmd MacroEco Anly. 3 Hours

INTERMEDIATE MACROECONOMIC ANALYSIS - National income accounting and the determination of the level of income and employment; classical, Keynesian, and post-Keynesian models; private, government, and foreign sectors; theories of inflation and economic growth. Prerequisite(s): ECO 204; ECO 203 recommended.

ECO 390. Antitrust Economics. 3 Hours

ANTITRUST ECONOMICS - Study of how economic analysis has been applied in the interpretation of the antitrust statutes. Examines major anti-trust laws and relevant case law; reviews economic theories of market behavior. Prerequisite(s): ECO 203.

ECO 410. Bus&Eco Forecasting. 3 Hours

BUSINESS AND ECONOMIC FORECASTING - Forecasting techniques, including ARIMA time series models, econometric models, moving averages, exponential smoothing, and time series decomposition, are used to forecast business and economic variables. Data sources, selection of appropriate forecasting tools and models, and evaluation of forecast results are studied. Prerequisite(s): ECO 203, ECO 204; Statistics (DSC 211 or MTH 207 or MTH 367 or MTH 412).

ECO 415. Game Thry w/Fin App. 3 Hours

GAME THEORY WITH BUSINESS APPLICATIONS - Introductory course in strategic decision making; provides a thorough discussion of the basic techniques of applied game theory and of systematic thinking in making business decisions. Among the topics covered with applications to business are equilibrium strategies, understanding situations involving conflict and cooperation, auction design and bidding strategy, and bargaining and negotiations. Prerequisite(s): ECO 203.

ECO 435. Eco of Environmnt. 3 Hours

ECONOMICS OF THE ENVIRONMENT - Introduction to the economics of the global environment including an analysis of market failure as a cause of environmental degradation. Topics covered include cost-benefits analysis, criteria for public investment, regulation of the environment, and the sustainable global environment. Prerequisite(s): ECO 203.

ECO 441. Econometrics. 3 Hours

ECONOMETRICS - Training in the art of making economic measurements from empirical data using regression analysis as the principle tool; use of computer software to estimate and test regression equations; interpretation of results using statistical inference. Prerequisite(s): (ECO 203, ECO 204; differential calculus and basic statistics) or permission of instructor.

ECO 442. Money and Banking. 3 Hours

MONEY AND BANKING - Principles of money and monetary systems; commercial banking and the role of the Federal Reserve System; monetary theory and policy; the mechanism of international payments. Prerequisite(s): ECO 203, ECO 204.

ECO 445. Public Finance. 3 Hours

PUBLIC FINANCE - The economic aspects of government finance at the local, state, and especially the national level; the behavioral effects of various taxes, efficiency in spending, the changing role of the U.S. government, fiscal policy, and intergovernmental revenue and expenditure programs; emphasis on relating analytical tools to current developments. Prerequisite(s): ECO 203, ECO 204.

ECO 460. Eco Develop & Growth. 3 Hours

ECONOMIC DEVELOPMENT AND GROWTH - Study of various dynamic economic theories of growth and structural change; the role of particular factors of production and related noneconomic variables in the development process, primarily, though not exclusively, of Third World nations. Prerequisite(s): ECO 203, ECO 204.

ECO 461. International Econ. 3 Hours

INTERNATIONAL ECONOMICS - Major issues surrounding international trade and finance, the economic interdependence of nations and businesses, essential theoretical and empirical tools necessary to monitor and analyze international economic phenomena, and the application of these tools to contemporary business problems and issues. Prerequisite(s): ECO 203, ECO 204.

ECO 471. Labor Economics. 3 Hours

LABOR ECONOMICS - Theory of labor supply and demand, human capital theory, and the process by which wages are determined in various factor markets; applications to topics of unemployment, unions, migration, discrimination, and skill differentials. Prerequisite(s): ECO 203, ECO 204.

ECO 480. Sports Economics. 3 Hours

SPORTS ECONOMICS - The application of economic analysis to the sports industry. Examines demand and efficiency in the product market; the labor market for professional athletes and mechanisms for restricting competition in that market; problems in achieving an efficient allocation of resources in the sports industry. Prerequisite(s): ECO 203; (DSC 211 or MTH 207) or equivalent.

ECO 485. Urban&Regional Econ. 3 Hours

URBAN AND REGIONAL ECONOMICS - Treatment of certain theoretical concepts such as location theory and theories of land use and land rent; an economic interpretation for the existence of cities; applying economic analysis to the problems of traffic congestion, pollution, race, poverty, and urban sprawl. Prerequisite(s): ECO 203; (DSC 211 or MTH 207); ECO 346 recommended.

ECO 488. Prod Eco&Perf Evltn. 3 Hours

PRODUCTION ECONOMICS AND PERFORMANCE EVALUTAION - Intermediate course in theoretical and applied microeconomic production theory; provides a thorough discussion of the basic techniques of applied production theory and performance evaluation of decision making units. Topics include returns to scale, technical and allocative efficiency, benchmarking, environmental costs, and programming. Prerequisite(s): ECO 203.

ECO 490. Sr Sem-Applied Eco. 3 Hours

SENIOR SEMINAR IN APPLIED ECONOMICS - Economic analysis applied in an area of topical interest chosen by the instructor; includes the application of theoretical, mathematical, and statistical methods mastered in previous economics courses. This capstone course provides students an opportunity to extend their proficiency in economic analysis through application and discussion in a small group setting. Typically offered during the spring semester. Economics or Business Economics majors only. Prerequisite(s): Twelve semester hours in Economics.

ECO 491. Honors Thesis. 3 Hours

HONORS THESIS - Selection, design, investigation, and completion of an independent original research thesis under the guidance of a departmental faculty member. Restricted to students in the University Honors Program with permission of the director of the program and the departmental chairperson.

ECO 492. Honors Thesis. 3 Hours

HONORS THESIS - Selection, design, investigation, and completion of an independent original research thesis under the guidance of a departmental faculty member. Restricted to students in the University Honors Program with permission of the director of the program and the departmental chairperson.

ECO 494. Seminar. 3 Hours

SEMINAR - Subject varies from time to time. May be taken more than once if topic changes. Prerequisites to be announced.

ECO 496. Co - Op Work Term. 3 Hours

COCOPERATIVE EDUCATION - Optional full-time work period off campus alternating with study period on campus. (See Chapter X; consult Cooperative Education Office for details.) Does not count toward economics major. Permission of chairperson required. Economics or Business Economics majors only. Prerequisite(s): Permission of department chairperson.

ECO 497. Internship. 1-3 Hours

INTERNSHIP FOR GENERAL ELECTIVE CREDIT - Practical work experience associated with career development and career exploration relating to the student's major. Permission of the department chair or designee required. Does not replace economics courses for the economics major. Economics or Business Economics majors only. Prerequisite(s): Forty-five semester hours of credit.

ECO 498. Independent Stdy-Eco. 1-6 Hours

INDEPENDENT STUDY IN ECONOMICS - Directed readings and research in selected fields of economics. The number of semester hours will depend on the amount of work chosen. The course will involve periodic discussions with faculty and other students in the course. May be taken more than once for additional credit. Prerequisite(s): 3.0 GPA in economics with a minimum of nine semester hours in economics; nomination by faculty; permission of the department chairperson.

FIN 250. Personal Finance. 3 Hours

PERSONAL FINANCE - Principles and techniques for handling personal financial decisions: personal budgeting, obtaining credit, life and casualty insurance, buying a home, buying an automobile, and savings and investments. For both business and nonbusiness majors. Does not count toward the finance major.

FIN 301. Intro to Financial Mgt. 3 Hours

INTRODUCTION TO FINANCIAL MANAGEMENT - Principles and techniques used by business firms in managing and financing their current and fixed assets; sources of funds within the capital markets; determinants of the financial structure; analytical techniques. Prerequisite(s): (ACC 200 or ACC 207 or ACC 301); ECO 203; junior standing.

FIN 330. Insurance & Risk Mgt. 3 Hours

INSURANCE AND RISK MANAGEMENT - Study of the basic concepts of business and personal risks from the standpoint of creation, identification, reduction, elimination, and evaluation of risks; the use of insurance in meeting problems of risk. Prerequisite(s): FIN 301 with minimum grade of C.

FIN 336. Prin of Real Estate. 3 Hours

PRINCIPLES OF REAL ESTATE - Survey of real estate industry with emphasis on its structure, regulation, growth, needs, financing, and future. Analysis of the methods for determining land use and evaluation of the theories of city development. Prerequisite(s): FIN 301 with minimum grade of C.

FIN 360. Investments. 3 Hours

INVESTMENTS - The principles and techniques used by the investor in selecting securities, emphasis on the stock and bond markets; security valuation methods leading to the selection of individual issues; portfolio theory. Prerequisite(s): FIN 301 with minimum grade of C.

FIN 371. Financial Mkts&Inst. 3 Hours

FINANCIAL MARKETS AND INSTITUTIONS - Study of financial markets and financial institutions, including the Federal Reserve, interest rate theories, money and capital market securities, interest rate futures, options and swaps, international financial markets, such as commercial banking, insurance, and investment banking. Prerequisite(s): FIN 301 with minimum grade of C.

FIN 401. Adv Financial Anly. 3 Hours

ADVANCED FINANCIAL ANALYSIS - Advanced study of current developments in financial planning, acquisition of funds, and asset management valuation; policy strategy and techniques in financial decision making. Prerequisite(s): FIN 301 with minimum grade of C.

FIN 402. Mergrs,Acq Corp Gover. 3 Hours

MERGERS, ACQUISITIONS, CAPITAL RESTRUCTURING AND CORPORATE GOVERNANCE - In depth study of company valuation techniques and the influence of the governance structure - the CEO, President, and the Board of Directors - on company value. Prerequisite(s): FIN 301, FIN 360.

FIN 430. Short-Term Fin Mgt. 3 Hours

SHORT-TERM FINANCIAL MANAGEMENT - Covers several areas of the corporate treasury function with a focus on managing current assets and liabilities to enhance the firm's liquidity, profitability, and value. Specific areas include analyzing short-term financial decisions such as financing inventory and receivables, granting, trade credit, and making short-term investments and short-term risk management for interest rates and foreign exchange. This course introduces students to the techniques and practices used to evaluate short-term financial decisions. Prerequisite(s): FIN 301; (FIN 360 or FIN 401).

FIN 450. Interntl Bus Finance. 3 Hours

INTERNATIONAL BUSINESS FINANCE - Introduction to problems facing financial management of international companies, including foreign exchange risk, working capital and capital budgeting decisions for multinational corporations, international financing, accounting and control. Prerequisite(s): FIN 301 with minimum grade of C.

FIN 460. Portfol Mgt&Sec Anl. 3 Hours

PORTFOLIO MANAGEMENT AND SECURITY ANALYSIS - Advanced valuation theory and security analysis; portfolio construction, evaluation, and management. Prerequisite(s): FIN 360.

FIN 470. Fixed Inc Sec. 3 Hours

FIXED INCOME SECURITIES - Introduction to the analytical/computational techniques for pricing fixed income securities, interest rate derivatives, and implementing effective portfolio strategies to control interest rate risk and enhance return. Prerequisite(s): FIN 360 or FIN 371.

FIN 471. Mgt of Fin Institns. 3 Hours

MANAGEMENT OF FINANCIAL INSTITUTIONS - Integrated and comprehensive analysis of financial institutions that include depository institutions, insurance companies, securities firms, and investment companies. Prerequisite(s): FIN 371.

FIN 475. Commerical Bank Mgt. 3 Hours

COMMERCIAL BANK MANAGEMENT - Explores the environment in which banks must operate, the financial statements of banks, and a thorough study of bank management topics which include: asset-liability management, the investment portfolio, sources of funds, and the loan portfolio. Prerequisite(s): FIN 301; (FIN 360 or FIN 371).

FIN 479. Sem in Bnd Ptflo Mgt. 3 Hours

SEMINAR IN BOND PORTFOLIO MANAGEMENT - Theory and practice in active bond portfolio management. Literature and practical issues related to managing a bond fund. Seminar format; students are divided into teams, each responsible for a specific sector of the fixed income market. Prerequisite(s): FIN 301.

FIN 480. Optns&Futures Mkts. 3 Hours

OPTIONS AND FUTURES MARKETS - Study of options, futures, and other derivatives fundamentals, trading strategies, hedging, speculation, and arbitrating, pricing theories, and market regulations. Prerequisite(s): FIN 301; (FIN 360 or FIN 371).

FIN 481. Fundmntal&Tech Trdng. 3 Hours

FUNDAMENTAL AND TECHNICAL TRADING - The art and science of speculative foreign exchange trading, focusing on spot trading of Euros. Students implement a trading plan in a real foreign exchange environment under a set risk management policy. Students learn to watch the market, analyze profitable situations, and produce winning trades. Prerequisite(s): FIN 301.

FIN 481L. Trading Lab. 1 Hour

TRADING LABORATORY - Prepares students to find positions in proprietary funds, hedge funds, and energy or commodity firms. Focuses on effective communication, résumé writing, interviewing techniques, job negotiation techniques, and the optimal use of e-mail and personal networks and references. Prerequisite(s): FIN 481 or FIN 482 (may be taken as a corequisite).

FIN 482. Energy Markets. 3 Hours

ENERGY MARKETS - Energy market portfolio skills: physicality of natural gas market, natural gas pricing, natural gas portfolio transactions including hedging, basic risk management. VaR simulation produced, power pricing and risk management, weather hedging, credit derivatives and their use in energy. Oil basics and pricing a tolling agreement. Prerequisite(s): FIN 301.

FIN 483. Applied Options Trdg. 3 Hours

APPLIED OPTIONS TRADING - Comprehensive and detailed analysis of options-pricing, risk characteristics, and their dynamic behavior in the context of the management of a portfolio of options. The underlying market used is the Euro/US dollar futures. The emphasis is on option strategic trading, position management, and the calculation of option risks and profit optimization. Prerequisite(s): FIN 301, 481.

FIN 484. Adv Trdng Techniques. 3 Hours

ADVANCED TRADING TECHNIQUES - Topics include appropriate leverage, when to take profits, when to have a stop loss, and hedging strategies. Students will learn to write short-term trading plans encompassing fundamental news events and technical charting, then implement a longer view. Each student is expected to open a real micro account from $300-$500. Prerequisite(s): FIN 301, 481.

FIN 485. Financial Modeling. 3 Hours

FINANCIAL MODELING - The objective is to strengthen students understanding of selected financial theory topics through the use of Excel and Visual Basic for Applications (VBA). The emphasis is on applying financial theory presented in other courses. Students learn how VBA significantly enhances the power of Excel. Prerequisite(s): FIN 301.

FIN 486. Algrthmc Mdlng Curr. 3 Hours

ALGORITHMIC MODELING IN CURRENCY - Algorithmic trading models are developed using spot contracts with Euros and Australian dollars. Students work in teams to implement hedging strategies of non-trending Euro risk with Australian dollars. Teams will meet and work with outside Flyer Forex Fund directors. Students need to be proficient in advanced Excel techniques. Prerequisite(s): FIN 301.

FIN 487. Bond Derivatives Sem. 3 Hours

BOND DERIVATIVES SEMINAR - Topics include fixed income basics, bond futures, duration management, the repo market, callable bonds and bond ladders, asset backed securities and death bonds, mortgage backed securities, inflation bonds, Fed fund futures and binary options, and diversification and suitability analysis. Valuable for those seeking to pass level 2 of the CFA exam. Prerequisite(s): FIN 301.

FIN 490. Pers Financial Cnslt. 3 Hours

PERSONAL FINANCIAL CONSULTING - Subject varies from time to time. May be taken more than once if the topic changes.

FIN 491. Honors Thesis. 3 Hours

HONORS THESIS - Selection, design, investigation, and completion of an independent original research thesis under the guidance of a departmental faculty member. Restricted to students in the University Honors Program with permission of the director of the program and the departmental chairperson.

FIN 492. Honors Thesis. 3 Hours

HONORS THESIS - Selection, design, investigation, and completion of an independent original research thesis under the guidance of a departmental faculty member. Restricted to students in the University Honors Program with permission of the director of the program and the departmental chairperson.

FIN 493. Sem in Investments. 3 Hours

SEMINAR IN INVESTMENTS - Application of investment theory and techniques in a real-world setting. Students manage a funded portfolio in terms of establishing objectives, selecting securities to buy (sell), and evaluating portfolio performance. Emphasis is placed upon attempting to identify undervalued common stocks. Admission to the course is limited and must be approved by the instructor. Open only to Davis Center members. Prerequisite(s): FIN 360 and permission of department chair.

FIN 496. Co-Op Work Term. 3 Hours

COOPERATIVE EDUCATION - Optional full-time work period off campus alternating with study period on campus. (See Chapter X; consult Cooperative Education Office for details.) Does not count toward finance major. Finance majors only. Prerequisite(s): Permission of department chairperson.

FIN 497. Internship. 1-3 Hours

INTERNSHIP FOR GENERAL ELECTIVE CREDIT - Practical work experience associated with career development and career exploration relating to the student's major. Permission of department chair or designee required. Does not replace finance courses for the finance major. Finance majors only. Prerequisite(s): Forty-five semester hours of credit.

FIN 498. Studies in Finance. 1-6 Hours

INDEPENDENT STUDY IN FINANCE - Directed readings and research in selected fields of finance. The number of semester hours will depend on the amount of work chosen. The course will involve periodic discussions with other students and faculty in the program. May be taken more than once for additional credit. Prerequisite(s): 3.0 GPA in Finance; minimum of nine semester hours in Finance; nomination by faculty; permission of department chairperson.