Financial Economics (BA)
Description
Financial economics concerns the interrelation of financial variables, such as prices and interest rates, from the perspectives of both the providers and users of capital. It offers a framework for analyzing the use and distribution of resources in markets in which decisions are made under uncertainty. It provides the theoretical and practical underpin for much of the fields of finance.
The Bachelor of Arts with a major in Financial Economics focuses on economic principles and on putting these principles to work in the various fields of finance such as investment management, portfolio formulation and financial assets pricing. It applies the academic study of economics to the realm of financial institutions and markets with a strong foundation in the theory and application of financial economics principles. The program provides rigorous coverage aimed at assisting undergraduate students to understand the principles and practical applications of financial economics theory. It centers on decision making under uncertainty in the context of the financial markets. The program applies quantitative and qualitative techniques on making financial decisions in practice. The program also prepares the students to think critically and to evaluate the moral and ethical issues that they would encounter in the realm of financial markets.
The program curriculum includes:
- Fundamental and intermediate economic models;
- Financial economics theory and its applications in the context of financial markets;
- The functioning of financial instruments within financial institutions, industry and government;
- Quantitative and qualitative methods;
- International finance and how it relates to the U.S. economy; and
- Application of basic moral and ethical principles in the analysis of economic systems and financial issues.
The major consists of 30 credit hours. The credit hours earned for the completion of the Bachelor of Arts in Financial Economics may not be counted toward the completion of either the Bachelor of Arts with a major in Economics or for earning additional minors in Economics or Financial Economics.
Individuals interested in pursuing an advanced degree may want to consider the 5-Year Accelerated Bachelor's to Master's Program in Financial Economics. Students who wish an understanding of the field but are not majoring in it should consider a Financial Economics minor or an Economics minor.