Department of Economics, Finance, and Legal Studies

The Department of Economics, Finance and Legal Studies is home to world-class teaching and research faculty and offers a wide variety of undergraduate and graduate degree programs. Our various specializations in finance allow students to seek careers in banking, financial services, real estate, insurance and risk management, corporate financial management, investment management and international finance.

Faculty

Department Head
  • Laura Razzolini

Courses

Economics

Intermediate macro- and microeconomic theory (EC 309 Intermediate Macroeconomics and EC 308 Intermediate Microeconomics or their equivalents) are considered prerequisites for all graduate coursework in economics, except for MBA-designated courses.

EC
500
Hours
3
Managerial Economics

An introduction to the foundations of both micro- and macroeconomic analysis, including consumer demand, production and cost analysis, price determination, and macroeconomic theory and policy. Emphasis is on the theory of the firm.

EC
508
Hours
3
Microeconomic Theory

An examination of the theory of resource allocation. Topics include demand theory, production and cost functions, theory of markets, general equilibrium analysis, and welfare theory.

EC
509
Hours
3
Macroecon Theory/Policy

This overview of modern macroeconomic theory and its implications for the conduct of stabilization policies is intended to provide a solid background in macroeconomics for students not seeking a terminal degree in economics or for students preparing for EC 511. The course considers the microeconomic foundations of aggregate economic analysis, but with less mathematical rigor than in EC 511.

EC
512
Hours
3
Indust Org Public Policy

The theoretical and empirical study of large industrial firms in a market economy. The focus is on corporate and governmental policies affecting markets.

Prerequisite(s): EC 508
EC
513
Hours
3
Economic Forecastg Analysis

A survey of the analytical techniques used by economists to forecast the macro- and micro-levels of economic activity and the effects of public policy on the economy. Computing proficiency is required for a passing grade in this course.

EC
516
Hours
3
Monetary Theory & Policy

Theoretical and empirical analysis of the money supply process, the demand for money, the impact of money on the economy, and the implementation of monetary policy.

Prerequisite(s): EC 508 or EC 509
EC
523
Hours
3
Public Finance

Study of the principles of taxation, government expenditures, borrowing, and fiscal administration.

Prerequisite(s): EC 508 and EC 470
EC
530
Hours
3
International Trade

Analysis and policy implications relating to the international movement of goods, resources, and financial assets.

EC
531
Hours
3
International Finance

An examination of the foreign exchange market, exchange rate determination, international financial institutions, and the management of the risks associated with international business.

EC
570
Hours
3
Mathematical Economics

An introduction to mathematical tools commonly used in advanced economic theory and econometrics.

EC
571
Hours
3
Econometrics

A quantitative analysis of actual economic phenomena based on the current development of theory and observation, related by appropriate methods of inference.

EC
573
Hours
3
Games and Decisions

An introduction to game theory with emphasis on application. Game theory is a toolbox for analyzing situations where decision makers influence one another.

EC
591
Hours
1-6
Independent Study

No description available.

EC
592
Hours
3
Internship

No description available.

EC
596
Hours
1-3
Capstone Project

This course requires the student to apply his/her knowledge of the field of Economics to recognize operational problems in the field. Further, the student must provide evidence of his/her abilities to communicate understanding of the problem, describe the analysis performed and organize this material effectively for both a written report and corresponding oral presentation.

EC
597
Hours
1-6
Special Topics In Economics

None.

EC
610
Hours
3
Seminar In Microeconomic Theor

An advanced study of the modern theory of value and price. The seminar includes demand and supply analysis, marginal analysis, and the monopolistic and competitive structure of markets.

EC
611
Hours
3
Seminar in Macroeconomic Theory

Selected topics in contemporary macroeconomic theory, with emphasis on dynamic analysis of cyclical fluctuations, stabilization policies, and growth.

EC
612
Hours
3
Sem Industrial Organizat

A survey of selected topics in industrial organization. Both theoretical and applied topics are examined, with special emphasis on recent developments.

EC
616
Hours
3
Sem Monetary Economics

Selected topics in contemporary monetary theory, with emphasis on determination of the value of money and the effectiveness of monetary policies.

EC
623
Hours
3
Public Expend Policy Analysis

A survey of the public-economics literature, with emphasis on the theory of public goods, public choice, and income distribution policies.

EC
624
Hours
3
Political Economy

A survey of selected topics in the field of political economy with an emphasis on voting theory, collective action and rent seeking.

Prerequisite(s): EC 610
EC
631
Hours
3
Sem Internationl Finance

A survey of the most important professional literature dealing with international financial management.

EC
640
Hours
3
Theory Of Risk And Ins

Foundation of insurance in risk theory and its problems and practices.

EC
660
Hours
3
Game Theory

An introduction to non-cooperative game theory. Emphasis on applications in microeconomics and macroeconomics.

Prerequisite(s): EC 610
EC
670
Hours
3
Econometrics

Introduction to methods of analyzing economic data. Topics include linear and non-linear least squares, maximum likelihood estimation, statistical inference, and methods for handling data problems.

EC
671
Hours
3
Seminar : Econometrics

A study of selected topics and problems in econometrics emphasizing methodology for economic research measurements.

EC
672
Hours
3
Financial Econometric Modeling

The application of econometric time-series methods to financial data. GARCH, nonlinear and cointegration models will be emphasized.

Prerequisite(s): EC 571 or ST 570 or EC 670
EC
673
Hours
3
Nonparametric Econometrics

This course will discuss the principles of nonparametric methods. It will provide intuitive explanations of theoretical concepts and empirical examples of nonparametric techniques.

EC
676
Hours
3
Advanced Monetary Policy

This course is geared towards developing skills to conduct research in the areas of monetary theory and policy analysis. It builds on advanced topics that were introduced in Economics 616: Graduate Seminar on Monetary Economics. By the end of the semester, each student should have completed the initial stages of developing a potential dissertation chapter.

Prerequisite(s): EC 611 and EC 616
EC
698
Hours
1-6
Research In Economics

Consists of supervised study and investigation of specific problems in economics. Only open to graduate students nearing completion of coursework for the degree.

EC
699
Hours
1-15
Dissertation Research

No description available.

Finance

EC 110 Principles of Microeconomics and EC 111 Principles of Macroeconomics or their equivalents are prerequisites for all graduate coursework in finance, except for MBA-designated courses.

FI
504
Hours
1-4
Financial Management

Corporate financial planning and decision making; working capital management, capital budgeting, financing, risk-return analysis, valuation, and dividend policy.

FI
505
Hours
3
Corporate Valuation

A case study course that focuses on the valuation of publicly held firms.

FI
506
Hours
3
Mergers & Acquisitions

An examination of corporate acquisitions, including firm valuation, bidding contests, and defense managers, as well as the corporate tax and legal environment.

FI
510
Hours
3
Financial Management

A course concerned with the management of corporate capital. Emphasis is on analysis of problems.

FI
512
Hours
3
Money And Capital Mkts

A detailed analysis of the role of money and capital markets in the financial process and of the influence outside forces have on these markets.

FI
514
Hours
3
Investments

An overview of the investment decision process. Areas covered are financial statement analysis, risk measures, stock-price valuation models, and portfolio management.

FI
515
Hours
3
Quantitative Investment Analys

Acquaints the student with the quantitative approaches used in modern portfolio theory and investment analysis.

FI
516
Hours
3
Monetary Theory & Policy

Theoretical and empirical analysis of the money supply process, the demand for money, the impact of money on the economy, and the implementation of monetary policy.

FI
519
Hours
3
Financial Engineering

Advanced quantitative analysis designed to improve managing financial risks such as adverse stock price movements, adverse interest rate changes and adverse commodity price changes, with specific attention given to employing futures, options and swap contracts.

FI
520
Hours
3
Financial Risk Management

Advanced methodologies of valuing and managing financial derivative contracts are introduced, including numerical integration, lattice approaches and simulation. A particular emphasis is given to implementing these methodologies as computer programs.

FI
522
Hours
3
Bank Administration

A case course examining various aspects of managing a commercial bank in a dynamic environment.

FI
531
Hours
3
International Finance

An examination of the foreign exchange market, exchange rate determination, international financial institutions, and the management of the risks associated with international business.

FI
534
Hours
3
Seminar In Real Estate

A survey of the major topics and issues in real estate, including real estate investment, alternative financing arrangements, law and agency theory, appraisal, market analysis, taxation, and brokerage.

FI
535
Hours
3
Real Estate Invest & Develpmnt

A study of the concepts and principles of real property valuation and the analysis of real estate investments.

FI
591
Hours
1-6
Independent Study

No description available.

FI
592
Hours
3
Internship

No description available.

FI
596
Hours
1-3
Capstone Project

This course requires the student to apply his/her knowledge of the field of Finance to recognize operational problems in the field. Further, the student must provide evidence of his/her abilities to communicate understanding of the problem, describe the analysis performed and organize this material effectively for both a written report and corresponding oral presentation.

FI
597
Hours
1-6
Special Topics: Finance

No description available.

FI
601
Hours
3
Finance Theory I

Advanced practices of financial management and their application to decision making in the business firm.

FI
602
Hours
3
Finance Theory II

An extension of the content of previous courses to summarize modern developments in financial theory.

FI
610
Hours
3
Seminar In Finan Mgt

Advanced management theory and techniques in the finance area. Emphasis is on current publications in the academic finance literature.

FI
614
Hours
3
Seminar In Investments

Provides an understanding of theoretical and functional aspects of professional investment management theory.

FI
620
Hours
3
Market Microstructure Theory

This course provides exposure to the major theoretical models that examine how the structure of markets affects price formation, information transmission, and operational efficiency.

FI
624
Hours
3
Financial Markets

This seminar provides for a deep understanding of the monetary and financial system, required of finance specialists in corporate finance, banking, and investments.

FI
640
Hours
3
Theory Of Risk And Ins

The foundation of insurance in risk theory and its problems and practices.

FI
698
Hours
3
Research In Finance

These courses consist of supervised study and investigation of specific problems in finance. They are open only to graduate students nearing completion of coursework for the degree.

FI
699
Hours
1-15
Dissertation Research

No description available.

Legal Studies

The School does not offer a graduate-level major program in legal studies. However, these courses will add breadth and a valuable background to any of the available graduate programs, by incorporating understanding of law within other disciplines.

LGS
504
Hours
3
Legal Issues Accounting

Study of various legal issues in the accounting profession. Among topics covered are accountant liability, commercial transactions, and business organizations.