academic catalogue

2021-2022 Catalogue


The Finance minor is intended for students who have an interest in developing a strong foundation in financial decision-making by offering courses designed to develop the student's analytical skills and financial problem solving abilities. Such skills can broaden a student's career opportunities, as most business decisions are financially based. These same skills are also important when making personal investment decisions, regardless of career. The minor is especially valuable for students preparing for an MBA, or in engineering and the natural and physical sciences, as well as students considering graduate work in business. A Finance minor helps prepare students to apply their major degree to fields such as banking, financial services, corporate finance, investment management, real estate, insurance enterprise risk management and consulting.

Minor Requirements: Finance. A minor in Finance consists of a minimum of 18 hours distributed as follows:
All courses are 3 hours.

Required Courses (12 hours)
• ACC 201: Financial Accounting: Concepts and Applications
• ACC 205: Principles of Finance
• ECO 102: Issues in Macroeconomics or ECO 104: Issues in Microeconomics
• MAT/PSY 220: Statistical Methods

Additional Courses (6 hours)
Choose two courses from the following:
• BUS 320: Investment Analysis
• ECO 300: Money and Banking
• ECO 330: Econometrics

Course Descriptions :

ACC 201: Financial Accounting: Concepts and Applications
To give the student an appreciation and understanding of recording and accounting for business transactions.
Content: An introduction to the fundamentals, practices, and procedures of financial accounting. Covers the basic financial accounting concepts, the accounting cycle, and financial statement preparation.
Taught: Fall
Prerequisite: None
Credit: 3 hours

ACC 205: Principles of Finance
Goal: To acquaint students with the principles and institutions of financial and capital markets, and with the financial operations of a business firm.
Content: Study of basic financial principles with an emphasis on interest rate determination in competitive market economies, the capital asset pricing model and operation of securities markets.
Taught: Fall, Spring, Summer
Prerequisite: None
Credit: 3 hours

BUS 320: Investment Analysis
To acquaint students with the selection of common stocks, bonds, and other securities from the perspectives of both the individual and institutional investor.
Content: Basic concepts of investment management using risk/return analysis and empirical evidence to examine the securities valuation, the efficient markets hypothesis, portfolio diversification strategies, and investment decision-making in changing markets.
Taught: Occasionally
Prerequisite: None
Credit: 3 hours

ECO 102: Issues in Macroeconomics
Goal: To acquaint students with the structural framework and principles involved in the determination of the level of aggregate economic activity: national income, output, employment, and price levels.
Content: Functioning of the economy from the national policy perspective through the study of national income and output, interest rates, money supply, price level, federal budget deficits, and international trade deficits.
Taught: Fall
Prerequisite: MAT 130 or higher
Gen. Ed. Category: Exploring; Historical Events & Phenomena; (SBS/PS)
Credit: 3 hours

ECO 104: Issues in Microeconomics
Goal: To acquaint students with theory relating to decision-making by consumers and firms in product markets.
Content: Study of choice in the face of scarce resources; the analysis of the consumer trying to maximize satisfaction and of the firm trying to maximize profits under varying market structures.
Taught: Spring
Prerequisite: MAT 130 or higher
Gen. Ed. Category: Exploring; Individuals & Communities; (SBS/PS)
Credit: 3 hours

ECO 300: Money and Banking
Goal: To analyze and understand the rapidly changing financial market, emphasizing the role of money and banking institutions in the economic system.
Content: Analysis of money in the economic organization, monetary theory, methods of stabilizing the price level, theories of bank deposits, discount policy, and the regulation of credit by central banks and interest rates.
Taught: Alternate years
Prerequisites: ECO 102 and 104
Credit: 3 hours

ECO 330: Econometrics
Goal: This course provides an introduction to methods of quantitative analysis of economic data.
Content: This course reviews basic statistical methods and probability distributions. Topics include data management using professional statistical software applications, multiple regression analysis, hypothesis testing under conditions of multicollinearity, heteroscedasticity, and serial correlation.
Taught: Alternate years
Prerequisites: ECO 102, ECO 104, and MAT 220
Credit: 3 hours

MAT 220: Statistical Methods
Goal: To introduce students to the logic of designing an experiment and interpreting the quantitative data derived from it.
Content: A study of the binomial and normal distributions, measures of central tendency, tests of hypotheses, chi-square tests, tests for homogeneity and independence, confidence intervals, regression, and correlation.
Taught: Fall, Spring
Prerequisite: None
Gen. Ed. Category: Foundation Building; Quantitative Reasoning
Credit: 3 hours; cross-listed as PSY 220

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