CURRICULUM I MAJOR PROGRAM REQUIREMENTS

Department of Economics, Finance, and Legal Studies (EC, FI, LGS)

Professor Billy P. Helms, Department Head
Office: 200 Alston Hall

PROGRAMS IN ECONOMICS

The University's economics programs offer an extensive variety of courses to develop the student's analytical abilities and prepare graduates for rewarding careers in business, industry, and government. Economics also provides a sound foundation for postgraduate study in a wide variety of fields. The department offers a major in economics through both C&BA and the College of Arts and Sciences. Students majoring in other fields in C&BA may select economics as a non-commerce minor. Students majoring or minoring in economics are urged to consult the undergraduate adviser for recommendation of 400-level economics courses and general electives consistent with their career goals and objectives. Faculty Adviser: Cover

Major in Economics1
Major Program Requirements2
Courses	Hours
FI 301 Financial Institutions and Markets	3
EC 308 Intermediate Microeconomics	3
EC 309 Intermediate Macroeconomics	3
EC 450 History of Economic Thought	3
Additional EC courses	12
EC 389 Computerized Management Information Systems	3
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1Students may earn credit in economics for courses offered through the American Universities Field Staff (AUFS) Program. 2EC 470 is strongly recommended for those considering graduate work in economics or business.
World Business Concentration in International Economics
Major Program Requirements*
Courses	Hours
FI 301 Financial Institutions and Markets	3
EC 308 Intermediate Microeconomics	3
EC 309 Intermediate Macroeconomics	3
EC 430 International Economics	3
EC 431 International Finance	3
EC 441 International Financial Management	3
EC 450 History of Economic Thought	3
IBA 350 Introduction to World Business	3
EC 389 Computerized Management Information Systems	3
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*Students in this concentration are advised but not required to take EC 416 and EC 412.

PROGRAMS IN FINANCE

All students completing requirements for degree programs in finance must complete the finance core courses listed below. In addition, each student in finance must choose one of the following concentrations: banking and financial services; corporate finance and investment management (which is subdivided into four options: financial management, investment management, quantitative finance, and international finance); insurance; or real estate. Students are encouraged to take MATH 125 and MATH 126 instead of MATH 112 and MATH 121. In addition, students considering graduate work should take ST 254 and ST 255 instead of ST 260. The requirements for each finance concentration are outlined below.

Finance Core Courses*
Courses	Hours
FI 301 Financial Institutions and Markets	3
EC 308 Intermediate Microeconomics	3
EC 309 Intermediate Macroeconomics	3
FI 389 Computerized Management Information Systems	3
FI 311 Intermediate Financial Management	3
FI 412 Money and Capital Markets*	3
FI 414 Investments	3
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*Students concentrating in real estate and insurance have modified finance cores as described in the concentration course requirements below. (See RLES and INS.)

CONCENTRATION IN BANKING AND FINANCIAL SERVICES (BANK)

The banking and financial services program prepares students for careers in financial institutions like commercial banks and in firms that offer personal financial planning services. Students in the program study the roles of financial institutions in the economy, the workings of the money and capital markets, and the interrelationship of financing and investment decisions. After completing a core of basic finance courses covering investments, financial management, bank administration, and money and capital markets, students may choose from a number of electives or may take specific courses which will enable them to sit for the Certified Financial Planner (CFP™) examination(s). Faculty Advisers: Gup, Ligon, and McLeod

Major Program Requirements*
Courses	Hours
Finance core courses	21
FI 421 Bank Administration	3
FI 341 Personal Insurance Planning	3
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*Students who are interested in sitting for the Certified Financial Planner (CFP™) examination(s) should take the following courses or their equivalents as electives: AC 371 Income Taxation I; LGS 403 Administration of Estates and Trusts; FI 360 Personal Finance (taught in Interim term); and FI 444 Life and Health Insurance.

CONCENTRATION IN CORPORATE FINANCE AND INVESTMENT MANAGEMENT (CFIM)

Option I — Financial Management. The financial management program is designed to provide broad professional competence to students preparing for executive positions in the financial management of business enterprises and government agencies. The program involves intensive study of the modern theory of finance and its applications to (a) the management of corporate and public funds; (b) the behavior of securities prices; and (c) the relationship between financial markets and business enterprise. Faculty Advisers: Brooks, Carroll, Downs, Helms, Jean, Ligon, McLeod, Page, and Rudolph

Major Program Requirements
Courses	Hours
Finance core courses	21
AC 351 Managerial Accounting Decisions	3
AC 352 Corporate Financial Reporting	3
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Option II — Investment Management*. The investment management program provides broad professional competence to students preparing for positions in investment management. The program involves intensive study of the modern theory of finance and its applications to (a) the behavior of securities prices; (b) portfolio management; and (c) the relationship between financial markets and business enterprise. Faculty Advisers: Brooks, Carroll, Downs, Helms, Jean, Ligon, McLeod, Page, and Rudolph

Major Program Requirements
Courses	Hours
Finance core courses	21
FI 415 Advanced Investments	3
FI 419 Financial Engineering	3
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*Students who choose this option must take AC 351 or AC 352 as an elective.

Option III — Quantitative Finance*. This program is for students who plan to work in positions requiring financial planning, investment analysis, and portfolio management at an advanced technical level. This program is suggested for students thinking of entering M.A., M.B.A., or Ph.D. programs as part of their career objectives. Faculty Advisers: Brooks, Carroll, Downs, Helms, Jean, Ligon, McLeod, Page, and Rudolph

Major Program Requirements
Courses	Hours
Finance core courses	21
ST 450 Statistical Methods in Research I	3
ST 451 Statistical Methods in Research II	3
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*Students who choose this option must take MATH 125 and MATH 126 to satisfy the basic math requirement. In addition, they must take as electives MATH 227, MATH 253, MATH 255 (or their equivalents), and EC 413 Forecasting. Finally, they must take ST 254 and ST 255 instead of ST 250 and ST 251.

Option IV — World Business Concentration in International Finance*. The international finance program provides broad professional competence to those preparing for executive positions in multinational firms or staff positions in the international departments of major banks. The program involves intensive study of international trade, markets, and accounting conventions. Faculty Advisers: Helms, Jean, and McLeod

Major Program Requirements
Courses	Hours
Finance core courses	21
FI 431 International Finance	3
FI 441 International Financial Management	3
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*Students in this concentration must complete as electives EC 430 International Economics and IBA 350 Introduction to World Business.

CONCENTRATION IN REAL ESTATE (RLES)

Real estate students will find themselves concerned with real estate investments, the management and development of land, real estate appraisal, real estate financing, and brokerage or sales. Career opportunities are available in the lending departments of financial institutions, in real estate sales, in urban planning, and in the numerous government agencies that specialize in housing. Faculty Advisers: Zumpano and Rudolph

Major Program Requirements
Modified Finance Core
Courses	Hours
FI 301 Financial Institutions and Markets	3
EC 308 Intermediate Microeconomics	3
EC 309 Intermediate Macroeconomics	3
FI 389 Computerized Management Information Systems	3
Real Estate Core
FI 331 Principles of Real Estate	3
FI 436 Real Estate Finance	3
LGS 407 Real and Personal Property Law	3
FI 334 Property Management or
FI 311 Intermediate Financial Management	3
FI 432 Real Estate Appraisal or FI 414 Investments	3
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Students concentrating in real estate should consider choosing their electives from the following courses: FI 421 Bank Administration, AC 371 Income Tax, MKT 371 Site Selection and Market Area Analysis, and CET 467 Construction Cost Estimating.

CONCENTRATION IN INSURANCE (INS)

Persons in the insurance field need to understand risks and the methods of financing them. They need to know how insurance companies and agencies operate, what insurance contracts cover, and how the industry responds to the many problems it faces. Graduates of the insurance program find employment openings not only in the insurance field, but also in financial, industrial, and commercial organizations concerned with problems of risk management. Faculty Adviser: Schlesinger

Major Program Requirements
Modified Finance Core
Courses	Hours
FI 301 Financial Institutions and Markets	3
EC 308 Intermediate Microeconomics	3
EC 309 Intermediate Macroeconomics	3
FI 389 Computerized Management Information Systems	3
Insurance Core
FI 341 Personal Insurance Planning	3
Four of the following:
FI 442 Business Risk Management
FI 443 Property and Liability Insurance
FI 444 Life and Health Insurance
FI 311 Intermediate Financial Management
FI 412 Money and Capital Markets
FI 414 Investments	12
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