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| Economics
and Finance Course Descriptions
| Courses for General Education |
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| ECFI 201 Principles of Economics: Micro
(3) An introductory study of principles that affect goals, incentives,
and outcomes of economic behavior at the level of the individual
decision maker. Specific topics include the operation of both
product and resource markets, the behavior of firms and industries
under different market structures, and international exchange. |
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| ECFI 202 Principles of Economics: Macro
(3) An introductory study of factors that determine U.S. unemployment,
production, growth, interest, and inflation rates; basic theories
of consumption and investment expenditure; the effects of discretionary
fiscal and monetary policies on the national economy. |
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| ECFI 205 Theory and Practice of Personal
Finance (3) This course begins with an overview of
the evolution and critical events in the development of America's
cultural heritage of consumer credit and the institutional foundations
of society's consumptive mindset. Critical thinking and economic
analysis are applied at an individual level, in the spirit of
Adam Smith's "Invisible Hand." Students are exposed
to a wide variety of personal financial choices as a way of
connecting individual risk-taking with potential threats to
democracy and American society. The dynamics between individual
utility maximization, social responsibility, and ethical behavior
are explored. Knowledge of financial products, analytical tools
and critical thinking skills are cultivated in the context of
setting goals and measuring progress, managing taxes, basic
asset management, credit management, risk management, investing,
and estate and retirement planning. |
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| IDS 300 Economic Ideas and Current Issues
(3) An introductory application of economic concepts to a wide
variety of current social issues and problems. |
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| Courses for Undergraduate Credit |
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| ECFI 201 Principles of Economics: Micro
(3) An introductory study of principles that affect goals, incentives,
and outcomes of economic behavior at the level of the individual
decision maker. Specific topics include the operation of both
product and resource markets, the behavior of firms and industries
under different market structures, and international exchange. |
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| ECFI 202 Principles of Economics: Macro
(3) An introductory study of factors that determine U.S. unem-ployment,
production, growth, interest, and inflation rates; basic theories
of consumption and investment expenditure; the effects of discretionary
fiscal and monetary policies on the national economy. |
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| ECFI 205 Theory and Practice of Personal
Finance (3) This course begins with an overview of
the evolution and critical events in the development of America's
cultural heritage of consumer credit and the institutional foundations
of society's consumptive mindset. Critical thinking and economic
analysis are applied at an individual level, in the spirit of
Adam Smith's "Invisible Hand." Students are exposed
to a wide variety of personal financial choices as a way of
connecting individual risk-taking with potential threats to
democracy and American society. The dynamics between individual
utility maximization, social responsibility, and ethical behavior
are explored. Knowledge of financial products, analytical tools
and critical thinking skills are cultivated in the context of
setting goals and measuring progress, managing taxes, basic
asset management, credit management, risk management, investing,
and estate and retirement planning. |
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| ECFI 305 Managerial Finance
(3) A study of the basic concepts of the financial management
of a corpora-tion. Topics include: ratio analysis, financial
planning, time value of money, capital budgeting, cost of capital,
sources of financing, working capital management, and international
financial management. Requisites: PR, ACCT 203. |
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| ECFI 311 Fundamentals of Investments
(3) A study of the fundamental concepts of investment analysis
and management. Topics include: the different types and characteristics
of investment securities and markets, the timing and selection
of securi-ties, and an introduction to portfolio theory. Requisites:
PR, ECFI 305. |
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| ECFI 321 Quantitative Methods
(3) An introduction to the tools and procedures necessary to
measure and test causal relationships implied by economic and
finance theory. Emphasis will be on regres-sion analysis. Requisites:
PR, MATH 250. |
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| ECFI 381 Principles of Real Estate
(3) Characters of land, real estate markets, ownership, interest;
legal instrument, contracts, closing transfers; financing, brokerage,
management, appraising, developing, and ownership. |
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| ECFI 421 Real Estate Finance
(3) A study of real estate markets, the process of financing
real estate transactions, and real property as an investment
medium. |
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| ECFI 450 Personal Financial Planning
(3) A comprehensive study of the concepts and techniques of
financial planning. Topics include: the role of the financial
planner, legal and ethical requirements, developing a financial
plan, eco-nomic analysis, insurance analysis, investment analysis,
tax planning, and estate and retirement planning. Requisites:
PR, ECFI 305 or PERM. |
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| ECFI 456 Senior Seminar (3)
A capstone course that enables stu-dents to integrate finance
principles with their college learning experi-ences by formulating
questions, gathering information, structuring and analyzing
information, drawing conclusions, and communicating those conclusions
to others in an oral and/or written form. Requisites: senior
standing. |
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| ECFI 466 Apprenticeship (1-3)
The apprenticeship will provide the upper-division, under-graduate
student with an opportu-nity to serve as a tutorial aide, researcher,
classroom proctor, etc. Satisfactory progress toward completion
of the major is neces-sary for apprenticeship status. Requisites:
PERM. |
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| ECFI 467 Internship (1-6) This
course provides students with the opportunity to integrate and
apply previous academic coursework in finance through professionally
related work in business, government, or not-for-profit enterprises.
Requires upper-division standing and permission of department
chair. Requisites: PR, junior or senior standing and PERM. |
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| Courses for Undergraduate or Graduate Credit |
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| ECFI 605 Advanced Corporate Finance
(3) A study of the theoretical aspects of the financing decisions
of a corporate financial manager. Topics include: working capital,
risk and return, valuation, capital budgeting with uncertainty,
cost of capital, efficient markets, capital structure, risk
hedging, mergers, and international financial manage-ment. Requisites:
PR, ECFI 305. |
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| ECFI 607 Options and Futures Markets
(3) An examination of the markets and institutions that facilitate
the creation, exchange, and liquidation of derivative financial
assets. Includes risk management tech-niques using options and
futures strategies, hedging, and cross-market arbitrage. Requisites:
PR, MATH 250, ECFI 202. |
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| ECFI 611 Investment Theories and Strategies
(3) A study of the theoretical and practical aspects of portfolio
management and security analysis. Topics include: portfolio
theory, efficient capital markets, valuation, portfolio performance,
international diversification, and specific management techniques
applied to equity and debt securities as well as futures and
options. Requisites: PR, ECFI 311. |
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| ECFI 631 Risk Management
(3) A study of the principles of risk and the management techniques
to minimize risk for the firm and individual. Requisites: PERM. |
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| ECFI 640 Money and Banking (3)
An examination of the institutional setting which facilitates
the creation and transfer of money between individuals, firms,
and govern-ments; how the supply and demand for money affect
and are affected by national output, employment, prices, interest,
and exchange rates; derivation of aggregate demand using Hicks'
IS-LM model; theories and evidence of fiscal and monetary policy
effectiveness in an open economy. Requisites: PR, ECFI 202. |
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| ECFI 641 Financial Institutions
(3) A study of the nature, scope, and role of financial institutions
in the economy; supply of and demand for loanable funds; money
market; capital markets; the level and structure of interest
rates; mon-etary, fiscal, and debt management policies. Requisites:
PR, ECFI 305. |
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| ECFI 642 Bank Management (3)
A study of the organization and operations of national and state
banks; the balance sheet of a commercial bank; liquidity man-agement;
asset management; loans and discounts; credit analysis; interest
rates; investment account management; trust services; capital
funds management; and safety of banks. Requisites: PR, ECFI
305. |
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| ECFI 645 International Finance
(3) Examination and analysis of international financial decision
making in areas of foreign invest-ments, trade, and working
capital management given various politi-cal, cultural, and technological
constraints. Requisites: PR, ECFI 305. |
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| ECFI 651 Managerial Economics
(3) Application of economic theory to business decision making
at the individual firm level. Selected topics include: demand
estimation and forecasting, production and cost theory, cost
estimation and forecasting, pricing decisions, and government
regulations. Requisites: PR, ECFI 201 and ECFI 202. |
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| ECFI 670 Estate Planning (3)
A compre-hensive study of the fundamentals and techniques of
estate planning. Topics include: property transfers, taxation
as applied to estate plan-ning, goals, probate, charitable transfers,
estate planning for closely held business interests, will and
trust, bypass, gift, liquidity, and postmortem planning. Requisites:
PERM. |
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| ECFI 680 Retirement and Employee Benefit
Planning (3) A compre-hensive study of the fundamentals
and techniques of retirement and employee benefit planning.
Topics include: ethics; types or alternative retirement plans;
retirement needs analysis; tax implications; life, medical,
and disability plans; and other current topics. Requisites:
PERM. |
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| ECFI 682 Labor Economics
(3) The development and application of economic theory to the
study of the labor market. Emphasis on labor demand, labor supply,
employment, and wages at both the micro and macro levels. Requisites:
PR, ECFI 201, MATH 250. |
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| Courses for Graduate Credit (part of MBA
Program) |
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| MBA 801 Economics and Quantitative
Methods for MBAs (3) This course will familiarize students
with economic principles and analytical techniques so that modern
business practices can be understood, appreciated and implemented.
The course combines basic quantitative and financial tools with
the fundamental principles of micro and macroeconomics, including
the growing importance of international production and distribution.
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| MBA 814 Business Research and Quantitative
Methods (3) The course includes a review of the scientific
method and its application to the business research process,
data preparation, analysis and presentation of the research
output (written and oral) for management's use in making accurate,
informed decisions. Application of quantitative techniques to
business decision-making (hypothesis testing, regression, model
building, logistic regression) with extensive use of an application/statistical
software will be emphasized. |
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| MBA 815 Managerial Economics: Theory
and Application (3) Application of economic theory
and quantitative tools to managerial decision making problems
within various organizational settings. Topics include demand
analysis, production and cost theory, techniques for estimating
and forecasting demands and costs, pricing decisions, and government
regulations. |
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| MBA 816 Corporate Finance: Theory and
Application (3) A study of the theory and application
of corporate financial management. Topics include: decision
making under uncertainty, financial analysis and forecasting,
working capital management, capital structure decisions, dividend
policy, capital budgeting, valuation and portfolio management,
mergers, and international financial management. |
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PERM: Permission
PR: Pre-requisite |
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