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 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)
| course | credit | |
| MG 601 | MBA Skills and Outcomes (should be taken first semester) | 1 |
| 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 |
| 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.)
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