Acting Chair and Associate Professor-Sanders. Visiting Professor-Flammang. Professors-Blankmeyer, Carman, Gowens, McGee, Pluta, Savage. Associate Professors-Bible, Garnett, Kishan, Mogab, Stutzman, Yeargan. Assistant Professors-Charles, Dare, Davis, Englert, Garza, Hale, McClung, Pavlik, Showalter, Trinidad.
The mission of the Department of Finance and Economics is to provide students involved in its educational programs an opportunity to recognize the importance of the life-long pursuit of truth, acceptance of individual responsibility, and contribution to the common good of society. Departmental programs seek to develop informed, critically thinking citizens capable of functioning in a highly complex, interdependent, global society. Majors are prepared for service, technical analysis, and management positions found in corporate, financial and public institutions. Majors also are prepared for financial planning services, teaching, and various graduate school programs.
The Department includes two closely related disciplines-finance and economics. Economics studies the use of scarce resources to satisfy unlimited wants. The department's introductory courses meet the need for basic economic and legal understanding in a complex modern society. Upper-division economics courses build upon this foundation. Finance addresses the behavior and determinants of securities prices, portfolio management, and the management of corporate and public funds. In addition, the relationships among monetary poliy, the banking system, and financial markets are analyzed.
Students completing one of the three curricula offered by the department earn a BBA with a major in either economics (teacher certification is available) or finance, or they may earn a BA in economics. Finance graduates pursue careers in financial management, banking and other financial institutions, the securities industry, financial planning, and real estate. Students interested in obtaining the Certified Financial PlannerTM designation should contact the chair of the Department. Economics graduates follow career paths similar to finance majors. Those with the BA degree often enter graduate or law school, and those with teaching certificates teach in the public schools.
Junior Year
First Semester Hours *Social Science Perspective** 3 Computer Information Systems 3370
3 Economics 3311 3 Free elective** 3 Finance 3312 3 Management 3303 3 Total 18 Second Semester Hours Management 3353 3 Free electives** 6 Finance 3313 3 Marketing 3343 3 Economics, advanced elective**
3 Total 18
First Semester Hours Accounting, advanced elective***
3 Finance 3318 3 Free elective** 0-1 Finance 4319 3 *International Perspective** 3 Management 4330 3 Total 15-16 Second Semester Hours Accounting, advanced
elective*** 3 Art, Dance, Music or Theatre
3313 3 Finance, advanced
electives**** 6 Management 4335 (Capstone
Course) 3 Total 15
Junior Year
First Semester Hours *Social Science Perspective** 3 Computer Information Systems 3370
3 Economics, advanced elective**
3 Economics 3314 3 Free elective** 3 Management 3303 3 Total 18 Second Semester Hours Management 3353 3 Economics, advanced elective** 3 Economics 3315 3 Free electives** 6 Finance 3312 3 Total 18
First Semester Hours Business, advanced elective** 3 Economics, advanced elective**
3 Free elective** 0-1 *International Perspective** 3 Management 4330 3 Marketing 3343 3 Total 15-16 Second Semester Hours Art, Dance, Music or Theatre 3313
3 Business, advanced electives**
6 Economics, advanced elective** 3 Management 4335 (Capstone Course)
3 Total 15
*See College of General Studies section of
the catalog for course options that satisfy social science and
international perspectives.
**Students are reminded that 18 semester hours
of courses designated writing intensive (WI) must be completed at SWT
to satisfy degree requirements.
+All courses are not offered each
semester.
Notes:
1. A major in economics requires 24 semester hours, including Economics 2310, 2320, 3314, 3315, and 3353.2. Majors are encouraged to take a minimum of 12 semester hours of mathematics.
3. A teaching certificate, available with this degree plan, requires 21 semester hours of education courses and a second teaching field in place of the minor. Students should contact the department chair for specific course requirements.
|
Freshman Year |
Hours |
|
Speech Communication 1310 |
3 |
|
English 1310, 1320 |
6 |
|
General Studies 1100 |
1 |
|
History 1310, 1320 |
6 |
|
Mathematics 1319, 1329 |
6 |
|
Philosophy 1305 |
3 |
|
Physical Fitness Perspective |
1 |
|
*Natural Science Perspective* |
7-8 |
|
total |
33-34 |
|
Sophomore Year |
Hours |
|
Economics 2310, 2320 |
6 |
|
Literary Perspective* |
6 |
|
Minor as required** |
6 |
|
Modern Language*** |
6 |
|
Physical Fitness Perspective |
1 |
|
Political Science 2310, 2320 |
6 |
|
*Social Science Perspective** |
3 |
|
Total |
34 |
|
Junior Year |
Hours |
|
Art, Dance, Music or Theatre 3313 |
3 |
|
Economics 3314, 3315 |
6 |
|
Economics, advanced elective** |
3 |
|
Free elective |
0-1 |
|
International Perspective* |
3 |
|
Minor as required** |
15 |
|
Total |
30-31 |
|
Senior Year |
Hours |
|
Economics 3353 (Capstone Course) |
3 |
|
Economics, advanced electives** |
6 |
|
Free electives** |
12 |
|
Minor as required |
9 |
|
Total |
30 |
Courses in Finance (FIN)
To enroll in upper-division finance courses, students must satisfy all prerequisites, be classified as a junior or senior, and be in good academic standing. Students should note that not all courses are taught each semester. If a specific course is needed, students should verify the prospective course offering with the department.
3301 Real Estate. (3-0) A study of basic real estate principles. Topics include legal instruments and processes, property management, valuations, planning, development and sales, financing, and private and public interests.
3312 Business Finance. (3-0) An introduction to the finance function and to problems confronting financial managers. Topics include financial analysis, time value of money, capital budgeting, financial decisions, and working capital management. Prerequisite: ACC 2362.
3313 Financial Management. (3-0) An advanced study of intermediate and long-term financing alternatives, the incorporation of risk analyses in capital budgeting and the determination of capital costs, capital structure, and dividend policies. Prerequisites: QMST 2333 and FIN 3312.
3318 Investment Analysis. (3-0) A study of principles governing the investment of personal and institutional funds. Also examines information sources, exchanges, and regulation. Prerequisite: FIN 3312.
3325 Fundamentals of Financial Planning. (3-0) A study of modern money management, including budgeting, banking, real estate, insurance, consumer credit, and retirement and estate planning. Prerequisite: Junior standing.
3330 Insurance. (3-0) An analysis, from the consumer perspective, of risk and insurance principles and fire, marine, casualty, property, life, and health contracts.
(WI) 4317 Case Problems in Finance. (3-0) An application of investment and financial management techniques and concepts to finance cases. Issues and alternatives are identified and evaluated. Prerequisites: QMST 2333 and FIN 4312.
4318 Portfolio Analysis. (3-0) An advancd course for finance majors interested in investment theory. Topics include the investment setting, specific industry and company analysis, portfolio analyses, and performance evaluation. Prerequisites: QMST 2333 and FIN 3318.
4319 Financial Markets and Institutions.(3-0) A study of financial assets, money and capital markets, institutional intermediaries, and the impact of interest rates. Affords a thorough examination of the financial system facilitating economic growth and development. Prerequisites: ECO 3311 and FIN 3312.
4321 Real Estate Finance. (3-0) An analysis of problems involved in selecting and financing real estate investment opportunities. Prerequisite: FIN 3312.
4325 Advanced Financial Planning. (3-0) A capstone course for finance majors interested in financial planning. Topics include ethics in the financial services industry, retirement planning and employee benefits, and estate planning. Prerequisites: FIN 3318 and FIN 3325.
4331 International Finance. (3-0) A study of international finance principles and their application in a multinational financial management setting. Prerequisite: FIN 3313.
4380 Topics in Finance:
A Advanced Capital Budgeting
B Financial Statement Analysis
C Options and Futures
D Commercial Bank Management
4380A Advanced Capital Budgeting. (3-0) A study of capital budgeting techniques, analyses (including risk), and strategies and their implementation in capital asset investment. Prerequisite: FIN 3313.
4380B Financial Statement Analysis. (3-0) An introduction to the techniques used to analyze financial statements for investment, corporate financial management, and credit decisions. Prerequisites: FIN 3312 and ACC 3313.
4380C Options and Futures. (3-0) An introduction to options and futures, including how they are valued, traded and used to hedge investments and capital market transactions. Prerequisite: FIN 3318.
4380D Commercial Bank Management. (3-0) The application of a theoretical framework to provide a foundation for maintaining financial institution iability and meeting the challenges faced by commercial bank managers in a dynamic financial marketplace. Prerequisite: FIN 3313.
Courses in Business Law (BLAW)
To enroll in upper-division business law courses, students must satisfy all prerequisites, be classified as a junior or senior, and be in good academic standing. Students should note that not all courses are taught each semester. If a specific course is needed, students should verify the prospective course offering with the department.
2361 (BUSI 2301) Legal Environment of Business. (3-0) A survey of basic features of the American legal system and legal aspects of business transactions. Topics include the nature and sources of law, court systems and procedures, agency, torts, contracts, ethics, and government regulation of business.
3362 Commercial Law and Business Associations. (3-0) A traditional business law course which examines negotiable instruments, business organizations, secured transactions, and bankruptcy law. Recommendation: BLAW 2361 is recommended prior to BLAW 3362.
3363 International Business Law. (3-0) A study of the principles of international business law which emphasizes the commercial activities of the multinational firm conducting business in global economic, political, social and cultural environments.
Courses in Economics (ECO)
To enroll in upper-division economics courses, students must satisfy all prerequisites, be classified as a junior or senior, and be in good academic standing. Students should note that not all courses are taught each semester. If a specific course is needed, students should verify the prospective course offering with the department.
Note: Economics 2310 and 2320 are prerequisites to all advanced courses.
2301 Economics of Contemporary Issues. (3-0) A non-technical study of economic philosophies and problems that stresses the relevance of economic analysis to current societal problems. Not for business administration or economics majors; cannot be used as a prerequisite for any other economics course.
2310 (ECON 2301) Principles of Macroeconomics. (3-0) An introduction to the macroeconomics of a modern industrial society. Emphasis is on the analysis of national income, economic stability, fiscal policy, money and banking, economic growth, and international trade. Prerequisite: MATH 1319 or equivalent.
2320 (ECON 2302) Principles of Microeconomics. (3-0) An introduction to the microeconomics of a modern industrial society. Emphasis is on supply and demand, cost and price concepts, market structures, income distribution, and similar issues. Prerequisite: MATH 1319 or equivalent.
3311 Money and Banking. (3-0) A study of money and credit in the modern economy. Examines the development of modern money and banking systems, the structure of the Federal Reserve System, and monetary theory.
3313 Labor Economics. (3-0) A study of the application to labor markets of supply and demand principles. Topics include the work/leisure decision, time allocation in the household, the demand for education and training, the firm's use of labor inputs, the impact of unions, and discrimination in labor markets based on race and gender.
3314 Intermediate Microeconomics. (3-0) An in-depth study of theories of supply and demand; consumer and producer decision-making; firm pricing policies; product and resource markets under conditions of perfect and imperfect competition; and imperfect and asymmetric information.
3315 Intermediate Macroeconomics. (3-0) An analysis of the traditional and modern theories of inflation, unemployment, long-run economic growth, and stabilization policies for promoting economic stability.
3317 International Economics. (3-0) A study of the basis for trade among nations and the means of its financing, customs unions, balance-of-payments problems, and similar issues.
3322 Economic Growth and Development. (3-0) An introduction to the history and theory of economic growth, with special emphasis on presently under-developed regions and countries.
(WI) 3327 Public Finance. (3-0) A study of the growth of the evenue and debt of the United States, taxation and tax incidence theory, and the effect of public expenditures and taxes on economic growth.
(WI) 3334 Business Enterprise and Public Policy. (3-0) A survey of the development and structure of American industry and of governmental regulation of business.
3335 Managerial Economics. (3-0) A study of the application of economic analysis in the formulation of business policies. Includes demand analysis and pricing policies.
(WI) 3344 Economic History of the United States. (3-0) A survey of United States economic history from colonial times to the present. See History 3344.
3353 Comparative Economic Systems. (3-0) An analysis of the theory and practice of capitalism, socialism, and communism.
4301 History of Economic Thought. (3-0) A study of major trends in economic theory and the economic thinkers responsible for them.
4381 Selected Topics in Economics. (3-0) A directed study of selected topics in economics.