Economics and Finance
Chair's Message
The impact of economics and finance in your world is profound and far-reaching. From corporate mergers and restructuring to investing for retirement to balancing your checkbook, a strong foundation in economics and finance is beneficial. All areas of business depend on one's ability to think critically, to analyze thoroughly, and to communicate effectively. The curriculum in the department of economics and finance is designed to promote these vital skills. If you are interested in furthering your education through graduate study in business administration, economics, finance, or law, you will find that our curriculum will give you a solid foundation.
You can earn a Bachelor's degree with a major in either economics or finance. Many students choose to pursue a major in both areas. Requirements for the Bachelor's degree are listed below. Major Core Requirements: Accounting Principles I and II Administrative Systems Management Business Law Business Policy Computer Information Systems Economics Principles I and II International Economics and Finance Management Principles Managerial Finance Marketing Principles Operations Management Quantitative Methods (Statistics) Quantitative Methods (Calculus) Economics Major Requirements: Economics of the Firm Intermediate Macroeconomics Theory History of Economic Thought Money and Banking Four electives in Economics or Quantitative Methods Finance Major Requirements: Economics of the Firm Managerial Accounting Money and Banking Intermediate Financial Management Investments Security Analysis and Portfolio Management Cases in Finance One additional elective in Finance or Quantitative Methods.
Best wishes,
Dr. Doug Barrett
Chair, Department of Economics and Finance
Bibb Graves 324 (temporary location)
University of North Alabama
Florence, Alabama 35632-0001
E-mail: jdbarrett@una.edu
Phone: 256.765-4418
Major in Economics
The fundamental economic issue is how society decides to allocate its resources: how the costs and benefits of a course of action can be evaluated and compared, and how appropriate choices can be made. A degree in economics gives training in decision making principles, providing skills applicable in a very wide range of careers. First, you will have the quantitative skills that are important in many business and government positions. Second, you will acquire the writing skills necessary in almost all lines of work. Third, and perhaps most importantly, you will develop the thinking skills that almost all employers agree are critical to success.
Requirements for major in Economics
Major in Finance: Option I - Professional Finance
Finance is a very professionally oriented major designed to prepare you for a career in financial management, which is the art and science of managing money: the way people, institutions, markets, and countries generate and transfer wealth. It's a good major and potentially a very lucrative one because small businesses, monolithic corporations, charities, and governments all need effective financial management.
If you major in Finance, you will study things like commercial and investment banking, forecasting and budgeting, and asset and liability management. You will learn about money, stocks and bonds, and how markets function. You will learn how to determine what fraction of a firm's assets (or your own assets) to put into different kinds of investment vehicles in order to obtain the highest return for a justifiable level of risk. When you graduate, all those baffling indexes at the back of the Wall Street Journal will make sense to you.
Requirements for major in Finance: Option I - Professional Finance
Major in Finance: Option II - Banking and Financial Services
The banking major focuses on financial markets and institutions. Students study developments in the financial sector and cover basic tenets of management of financial institutions while also receiving a sound grounding in accounting and economics. It provides a working knowledge of the U.S. banking and financial system with a broad perspective of the environment of business. It will develop sufficient understanding of relevant issues in the financial sector to ensure graduates are able to make productive contributions early in their employment.
Requirements for major in Finance: Option II - Banking and Financial Services
Requirements for a Minor in Economics
| Course | Credit |
| Economics 251- Principles of Macroceonomics | 3 |
| Economics 252- Principles of Micreceonomics | 3 |
| Economics 340- Economics of the Firm | 3 |
| Economics 341- Intermediate Macroeconomic Theory | 3 |
| Quantitative Methods 291 | 3 |
| Elective approved by the Chair | 3 |
| Total | 18 |
Requirements for a Minor in Quantitative Methods
| Course | Credit |
| Economics 340- Economics of the Firm | 3 |
| Economics Elective | 3 |
| Quantitative Methods 295- Quant Methods in Business and Economics | 3 |
| Quantitative Methods 395- Decision-Making Techniques for Business | 3 |
| Quantitative Methods 480- Regression Time Series Analysis | 3 |
| Quantitative Methods Elective | 3 |
| Total | 18 |
Requirements for a Minor in Real Estate and Insurance
| Course | Credit |
| Finance 325- Principles of Real Estate I | 3 |
| Finance 355- Principles of Insurance | 3 |
| Finance 365- Property and Casualty Insurance | 3 |
| OR Finance 375- Life and Health Insurance | |
| Finance 430- Real Estate Appraisal | 3 |
| Finance 440- Real Estate Finance | 3 |
| OR Finance 445- Real Estate Investments | |
| Elective approved by the Chair | 3 |
| Total | 18 |
How to Find Your Advisor
Students can find their advisors by signing on the UNA Portal, clicking the Student Services tab, clicking the Student Records, and finally clicking Advisor.
MBA with International Business Concentration
2006-2007 catalog (33 semester hours)
| course | credit | |
| AC 626 | Costs for Management Decision Analysis | 3 |
| CIS 625 | Enterprise Systems Analysis and Design | 3 |
| EC 650 | Managerial Economics | 3 |
| FI 630 | Managerial Finance | 3 |
| MG 640 | Management Policy | 3 |
| MK 660 | Marketing Strategy | 3 |
| QM 670 | Decision Theory | 3 |
| MG 620 | Decision Theory | 3 |
| MG 691 | International Business | 3 |
| MK 615 | Strategic Marketing | 3 |
| Select one business elective (recommend FI 563) | 3 | |
TOTAL |
33 |
|
MBA with FINANCE CONCENTRATION
2006-2007 catalog (33 Semester Hours)
| course | credit | |
| AC 626 | Costs for Management Decision Analysis(not open to MBA-Accounting majors) | 3 |
| CIS 625 | Enterprise Systems Analysis | 3 |
| EC 650 | Managerial Economics | 3 |
| FI 630 | Managerial Finance | 3 |
| MK 660 | Marketing Strategy | 3 |
| QM 670 | Quantitative Methods | 3 |
| MG 624 | Organizational Behavior | 3 |
| MG 640 | Management Policy | 3 |
| MK 681 | Business Valuation | 3 |
| Two finance electives prescribed by the department. Contact the Economics and Finance department chair for selections. | 2x3 | |
TOTAL |
33 |
|
No more than one 500-level course may be applied toward an MBA
degree.
(Also, EMB 500-level prerequisites are not acceptable as elective
credit.)
324 Bibb Graves
Florence, AL 35632-0001
208 Bibb Graves Hall
Florence, AL 35632-0001
122 Bibb Graves
Florence, AL 35632-0001
207A Bibb Graves
Florence, AL 35632-0001
207A Bibb Graves
Florence, AL 35632-0001
207A Bibb Graves
Florence, AL 35632-0001
122 Bibb Graves
Florence, AL 35632-0001
207A Bibb Graves
Florence, AL 35632-0001
207A Bibb Graves
Florence, AL 35632-0001
207A Bibb Graves
Florence, AL 35632-0001
324 Bibb Graves
Florence, AL 35632-0001
