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.

The Department of Economics and Finance is located in Keller Hall and is equipped with two personal computer laboratories and has access to the university mainframe computer. For more information, we invite you to visit us on the world wide web at http://business.una.edu or in person in Room 205 in Keller Hall on the beautiful campus of the University of North Alabama.

Best wishes,

Dr. Barry Morris
Chair, Department of Economics and Finance
Raburn 318
University of North Alabama
Florence, Alabama 35632-0001
E-mail: bkmorris@una.edu
Phone: 256.765-4411

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

Course	Credit
Economics 340- Economics of the Firm	3
Economics 341- Intermediate Macroeconomic Theory	3
Economics 428- History of Economic Thought	3
Economics or Quantitative Methods Electives	12
Finance 391- Money and Banking	3
Total	24

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

Course	Credit
Accounting Elective (300/400 level)	3
Finance 340- Economics of the Firm	3
Finance 391- Money and Banking	3
Finance 394- Intermediate Financial Management	3
Finance 492- Investments	3
Finance 495- Security Analysis and Portfolio Theory	3
Finance 498- Cases in Finance	3
Finance or Quantitative Methods Elective	3
Total	24

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

Course	Credit
Accounting 390	3
Accounting 391	3
Finance 391- Money and Banking	3
Finance 394- Intermediate Financial Management	3
Finance 423- Financial Institutions Management	3
Finance 492- Investments	3
Finance 498- Cases in Finance	3
One Elective from among:	3
Accounting 392 Intermediate Accounting II
Accounting 471 Cost Accounting
Accounting 472 Tax Accounting
Accounting 473 Auditing
Accounting 496 Information Systems Auditing
Accounting 497 Fraud Examination
One Elective from among:	3
Accounting 392 Intermediate Accounting II
Accounting 471 Cost Accounting
Accounting 472 Tax Accounting
Accounting 473 Auditing
Accounting 496 Information Systems Auditing
Accounting 497 Fraud Examination
Finance 430 Real Estate Appraisal
Finance 440 Real Estate Finance
Finance 445 Real Estate Investments
Finance 470 TVA Investment Challenge
Finance 480 Finance Internship
Finance 486 Risk Management
Finance 499 Independent Study-Practicum
Total	27

Requirements for a Minor in Economics

Requirements for a Minor in Quantitative Methods

Requirements for a Minor in Real Estate and Insurance