Economic Analysis & Financial Problem Solving

The financial economics degree provides an understanding of core economic concepts and the functioning of the economy and financial markets. An emphasis is placed on developing critical thinking skills to apply economic and financial analysis in problem solving resulting in rigorous training in economic and financial theory and applications.

Detailed Program of Study

Professor drawing an economics graph on a whiteboard

Why Financial Economics?

Finance and economics complement one another in a number of ways and studying these two fields in combination can be especially beneficial to students who would like to work in corporate finance, financial analysis, insurance and real estate, or in government positions.

For more information please see a video made by the American Economics Association:  "A Career in Economics...it's Much More Than You Think"

Course Layout

For complete information and requirements see the university catalog

Visualization of course progression, which is available in text format in the University Catalog link on this page

Please download and read carefully the Financial Economics Major Plan of Study 2021-22. This includes a flowchart for the required courses and will also serve as your planned course schedule when submitting your paperwork for your senior evaluation for graduation.

For help with planning your courses, please see your advisor or the department office.

  •     ACCT 240 - Financial Accounting
  •     ACCT 245 - Managerial Accounting
  •     ACCT 341 - Intermediate Accounting Theory and Practice I
  •     ACCT 342 - Intermediate Accounting Theory and Practice II
  •     One course from:
    •         DSCI 205 - Business Statistics
    •         MATH 240 - Introduction to Statistics QSR GUR
    •         MATH 341 - Probability and Statistical Inference
  •     ECON 206 - Introduction to Microeconomics SSC GUR
  •     ECON 207 - Introduction to Macroeconomics SSC GUR
  •     ECON 303 - The History of Economic Thought (WP1)
  •     ECON 306 - Intermediate Microeconomics
  •     ECON 307 - Intermediate Macroeconomics
  •     ECON 375 - Introduction to Econometrics
  •     FIN 341 - Principles of Finance
  •     FIN 440 - Investments (WP1)
  •     FIN 441 - Intermediate Financial Management (WP1)
  •     FIN 444 - Financial Institutions and Markets (WP1)
  •     One course from:
    •         FIN 448 - Portfolio Analysis and Management (CF)
    •         FIN 449 - Cases in Financial Management (CF)
  •     One course from:
    •         ACCT 343 - Intermediate Accounting Theory and Practice III
    •         ECON 411 - Monetary Economics
  •     One course from:
    •         MATH 124 - Calculus and Analytic Geometry I QSR GUR
    •         MATH 134 - Calculus I Honors
    •         MATH 138 - Accelerated Calculus
    •         MATH 157 - Calculus With Applications to Business and Economics QSR GUR
    •         Or AP Calculus Test with score of 3 or better
  •     One course from:
    •         MIS 220 - Introduction to Business Computer Systems or test*
    •         CSCI 101 - Computers and Applications Credits: 4

Financial Economics majors are required to take an assessment exam prior to graduation. The test is provided at no charge. Students will be informed of the time and date of the examination. The examination requirement may be waived in the case of special circumstances by the Department Chair of Economics or Finance & Marketing or by the Dean of the College of Business and Economics.

*Students can test out of MIS 220.

The required courses build a strong foundation of finance and economic theory and should be completed by one's junior year. The requirement for one course with a Communication Focus (CF) as well as a minimum of three Writing Proficiency (WP-3) points are currently built into the major's required coursework.

Students often complete courses that are equivalent to MIS 220, Math 124, Math 157 and DSCI 205. If you believe that you have completed an equivalent course, see the Academic Department Manager for an equivalency evaluation.

General University Requirements (GUR)

Several of your prerequisite and required courses also count as GURs. Look for classes that are labeled as "GUR." By planning your schedule properly you can reduce the total number of classes needed.

Electives

Economics Electives
12 Credits

Finance Electives
8 credits*
4 credits upper division 4 credits upper division
8 credits 400-level 4 credits 400-level

*Electives selected and approved by Finance Advisor

As a financial economics major you are required to complete an additional 12 credits of upper-division economics courses, eight of which must be at the 400-level.

Note: ECON 309, ECON 311, ECON 446 or ECON 447 may not be counted towards this major.
 
Financial economics majors are also required to complete an additional 8 credits of upper-division finance courses. These courses will be selected by your advisor, Professor Earl Benson. Declared majors are required to meet with Professor Benson before being accepted into the Finance portion of the major.