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Economics and Finance


Chair's Message

Economics and Finance Chair

The impact of economics and finance in your world is profound and far-reaching. From corporate mergers and restructuring to investing for retirement and even 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 develop 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 under the Majors tab on this page.

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

EC 251- Principles of Macroceonomics
3
EC 252- Principles of Micreceonomics
3
EC 340- Economics of the Firm
3
EC 341- Intermediate Macroeconomic Theory
3
QM 291 - Statistical Process Control
3
Elective approved by the Chair
3

Total
18

Requirements for a Minor in Real Estate and Insurance

Course
Credit

FI 325- Principles of Real Estate I
3
FI 355- Principles of Insurance
3
FI 365- Property and Casualty Insurance
3
     OR  FI 375- Life and Health Insurance
FI 430- Real Estate Appraisal
3
FI 440- Real Estate Finance
3
     OR  FI 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 FINANCE CONCENTRATION
2010-2011 catalog
(34 Semester Hours)

 coursecredit
MG 601MBA Skills and Outcomes
(should be taken first semester)
1
AC 626Costs for Management Decision Analysis
(not open to MBA-Accounting majors)
3
CIS 625Enterprise Systems Analysis3
EC 650Managerial Economics3
FI 630Managerial Finance3
MK 660Marketing Strategy3
QM 670Quantitative Methods3
MG 624Organizational Behavior3
MG 640Management Policy3
Three finance electives from the following: FI 563, FI 581 or FI 681, FI 688, or FI 635
9
TOTAL     
34

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.)

V
Barrett, Dr. J. Doug

Chair, Economics and Finance
Contact Information:
256.765.4418
UNA Box 5103
345 Keller Hall
Florence, AL 35632-0001
V
Couch, Dr. Jim F.

Professor, Economics, Economics and Finance
Contact Information:
256.765.4412
UNA Box 5141
246 Keller Hall
Florence, AL 35632-0001
V
Gordon, Dr. Bruce L.

Professor, Finance, Economics and Finance
Contact Information:
256.765.4415
UNA Box 5188
226 Keller Hall
Florence, AL 35632-0001
V
Malone, Dr. Keith D.

Associate Professor, Economics and Finance
Contact Information:
256.765.4402
UNA Box 5238
249 Keller Hall
Florence, AL 35632-0001
V
Westmoreland, Ms. Deborah L.

Administrative Assistant, Economics and Finance
Contact Information:
256.765.4270
UNA Box 5055
345 Keller Hall
Florence, AL 35632-0001
V
Black, Mr. David L.

Instructor, Economics, Economics and Finance
Additional Job Title:
Director, Small Business Development Center (SBDC), Small Business Development Center (SBDC)
Contact Information:
256.765.4524
UNA Box 5198
147 Keller Hall
Florence, AL 35632-0001
V
Foster, Dr. Mark D.

Associate Professor, Finance, Economics and Finance
Contact Information:
256.765.5072
UNA Box 5207
343 Keller Hall
Florence, AL 35632-0001
V
King, Dr. Brett A.

Professor, Finance, Economics and Finance
Contact Information:
256.765.4403
UNA Box 5147
142 Keller Hall
Florence, AL 35632-0001
V
Van Rensselaer, Dr. Kristen N.

Professor, Finance, Economics and Finance
Contact Information:
256.765.4417
UNA Box 5137
223 Keller Hall
Florence, AL 35632-0001
V
Williams, Dr. Peter M.

Professor, Economics, Economics and Finance
Contact Information:
256.765.4315
UNA Box 5108
245 Keller Hall
Florence, AL 35632-0001