Economics and Finance

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Benjamin A. Abugri
CHAIRPERSON
School of Business, Room 124
(203) 392-56171 – Fax (203) 392-5254
abrugrib1@SouthernCT.edu
Department Secretary: Marisol Lopez-Castro (203) 392-5615
lopezcastrm1@SouthernCT.edu

Benjamin Abugri, Professor
Samuel Andoh, Professor
Gene Birz, Assistant Professor
Peter Bodo, Professor
Sandip Dutta, Associate Professor
Yilma Gebremariam, Professor
Sanja Grubacic, Associate Professor
James Thorson, Professor
Sang Won Yoon, Assistant Professor
Han Yu, Assistant Professor

CONCENTRATION IN BUSINESS ECONOMICS

The concentration in business economics focuses on the best ways to get the most benefit from scarce resources. Study covers firms and organizations (microeconomics) and nations (macroeconomics). The concentration provides the conceptual basis for integrating knowledge of the functional areas of business administration in industry, government, and nonprofit organizations. By doing so, it opens the way not only toward teaching, research, and consulting, but also toward graduate study in business, government, and law.

CONCENTRATION IN FINANCE

The concentration in finance prepares students for service as academically prepared professionals in the financial services industry and as financial officers in both the business and not-for-profit organizations. All functional areas of business are included in this specialization, along with the special awareness and higher level financial skills needed for institutional and economic development. Specializations may be taken in 1) corporation finance, 2) investment and financial markets and 3) depository institution management. Graduates of this program are prepared for employment in business, government or non-profit organizations, teaching, research, consulting, and further graduate level education.

ECO 100 - Principles of Macroeconomics

This introductory course focuses on the basic principles explaining aggregate economic activity. Topics covered include the concepts ,measurements, and problems associated with aggregates such as gross domestic product, price level, unemployment and macroeconomic policy.

3 credit(s).

Last Term Offered: Fall 2016

ECO 101 - Principles of Microeconomics

This introductory course focuses on the basic problem of resource allocation in an economy with particular reference to the market economy.

3 credit(s).

Last Term Offered: Fall 2016

ECO 200 - Macroeconomic Analysis

Examination of the composition of the national income and the effects of changes in its components upon the level of national income. Also analyzed are the nature of business cycle fluctuations, with attention to the interrelated problems of inflation, balance of payments, unemployment, and economic growth. The problem of forecasting economic activity and the development of private and public stabilization programs are analyzed.

Prerequisite(s): ECO 100 and ECO 101.

3 credit(s).

Last Term Offered: Fall 2016

ECO 201 - Microeconomic Analysis

Analysis of the economic principles and processes involved in the structure and operation of a predominantly free-enterprise economic system. Attention is given to pricing and distribution theory (micro-analysis).

Prerequisite(s): ECO 100 and ECO 101.

3 credit(s).

Last Term Offered: Spring 2016

ECO 221 - Statistics for Economics and Business

A first course in statistics concentrates on applications in business and economic decision making. Topics covered include descriptive statistics, basic probability distributions, sampling theory, confidence interval estimation, hypothesis testing, correlation, and simple regression analysis.

Prerequisite(s): ECO 100 and ECO 101, and MAT 120.

3 credit(s).

Last Term Offered: Fall 2016

ECO 303 - Development Economics

The purpose of this course is fourfold: (1) to introduce the student to the field and tools of development economics; (2) to explore in depth the philosophical, theoretical, and policy-oriented complexities of contemporary development issues facing over two-thirds of the world’s population; (3) to examine the strengths and weaknesses of alternative development strategies in light of country experience, and (4) to evaluate recent policy options introduced in development.

Prerequisite(s): ECO 100 or departmental permission. Prerequisite(s): ECO 100 or departmental permission.

3 credit(s).

Last Term Offered: Spring 2016

ECO 304 - Labor Economics

This course covers topics in both the supply of and demand for labor, wage determination, the effects of market structure on the equilibrium in the labor market, and the theory of human capital. Additional issues may include labor market discrimination, time allocation between and among house-holds, and the effect of unions.

Prerequisite(s): ECO 100 and ECO 101. A knowledge of stati stics is helpful.

3 credit(s).

Last Term Offered: Fall 2014

ECO 307 - Urban Economics

An economic analysis of the structure and functioning of contemporary urban communities to identify and study the more pressing economic problems. Attention is directed to the changing structure of central cities, fiscal arrangements, housing markets, and public goods.

Prerequisite(s): ECO 100 and ECO 101. Prerequisite(s): ECO 100 and ECO 101.

3 credit(s).

Last Term Offered: Fall 2016

ECO 310 - Management Science

Application of quantitative methods to economics and business. All decision problems are motivated and organized along an economic and business line of thinking. Specific topics are linear programming, transportation problems, probability concepts, Bayes’ decision rule, game theory, Markov chains, queuing, and inventory models.

Prerequisite(s): ECO 100, ECO 101, and ECO 221. Prerequisite(s): ECO 100, ECO 101, and ECO 221.

3 credit(s).

Last Term Offered: Spring 2012

ECO 311 - Public Finance

Principles and techniques involved in obtaining and expending funds by governmental bodies. Considered also are the nature of governmental borrowing and indebtedness as well as sources of revenue and fiscal administration.

Prerequisite(s): ECO 100 and ECO 101.

3 credit(s).

Last Term Offered: Fall 2015

ECO 321 - Introductory Econometrics

An exposition of methods of the empirical determination of economic laws. Topics include the general linear regression model and the corrective measures to take in the critical use of ready-made econometric computer programs which come with an understanding of the rationale of the various methods of econometrics.

Prerequisite(s): ECO 100, ECO 101, and ECO 221. Prerequisite(s): ECO 100, ECO 101, and ECO 221.

3 credit(s).

Last Term Offered: Spring 2013

ECO 334 - History of Economic Thought

Analysis of economic ideas from Aristotle and Plato to the contemporary scene of Keynes, Robinson, and Chamberlin. Included is the study of the mercantilists, and Adam Smith, Karl Marx, Ricardo, and Malthus.

Prerequisite(s): ECO 100 and 101.

3 credit(s).

Last Term Offered: Summer 2016

ECO 340 - Money and Banking

A close look at the role of money in determining output, inflation, and interest rates. Topics include money creation, monetary policy, budget deficits, financial intermediation, banking regulations, and the Federal Reserve.

Prerequisite(s): ECO 100 and ECO 101. Prerequisite(s): ECO 100 and ECO 101.

3 credit(s).

Last Term Offered: Spring 2016

ECO 350 - International Economics I: Trade

Theoretical foundations of why nations trade; the problems that arise from trade and the policies nations adopt to correct the problems.

Prerequisite(s): ECO 100 and ECO 101.

3 credit(s).

Last Term Offered: Fall 2016

ECO 351 - International Economics II: Finance

The global economic activity and balance of payments implications of fiscal/monetary policies under various capital market conditions. Topics include absolute/comparative advantages, exchange rates and the balance of payments, national income determination in an open economy, integrated and nonintegrated capital markets, economic growth, stablization policies, and the quest for global economic stability.

3 credit(s).

Last Term Offered: Summer 2016

ECO 353 - Industrial Organization

Economic analysis of the organization of industry and an examination of public policy toward industry. Topics include antitrust and natural monopoly regulation.

Prerequisite(s): ECO 100 and ECO 101. Prerequisite(s): ECO 100 and ECO 101.

3 credit(s).

Last Term Offered: Fall 2016

ECO 398 - Special Topics in Economics

This is a special course that is either in the pilot stage or a course that will be offered up to three times.

Prerequisite(s): based on class content.

3 credit(s).

Last Term Offered: Fall 2016

ECO 431 - Forecasting Methods in Business and Economics

Survey basic quantitative and qualitative methods in forecasting and investigates their applications to problems in business and economics.

Prerequisite(s): CSC 200, ECO 221, and junior status.

3 credit(s).

Last Term Offered: Spring 2012

ECO 440 - Regional Economic Integration

Examination of the economic integration of regions of the world: EU, APEC, ASEAN, AU, MENCUSOR and others. Students learn about the principles and the process of regional economic integration, the challenges and benefits of economic integration, and how factors of production impact and are impacted by the process. The issue of disparities and convergence are also evaluated.

Prerequisite(s): ECO 100 or ECO 101, and junior status.

3 credit(s).

Last Term Offered: Spring 2012

ECO 450 - Seminar in Applied Economics

An integrating course in economics that calls for the application of statistical and econometric methods to solve economic problems of personal interest. Students formulate a problem, set out the methodology for its resolution, conduct an analysis, and draw valid inferences with policy implications.

Prerequisite(s): ECO 200, ECO 201, and ECO 221.

3 credit(s).

Last Term Offered: Spring 2016

ECO 497 - Internship

A supervised internship in business or government with the application of economic theory to problems of enterprise administration. Bi-weekly reporting to the faculty supervisor is necessary.

Prerequisite(s): Senior status and departmental permission.

3 credit(s).

Last Term Offered: Fall 2015

ECO 499 - Independent Study

Research of a high quality meeting the standards of the department faculty director.

Prerequisite(s): Senior status and departmental permission.

1 to 3 credit(s).

Last Term Offered: Summer 2015

FIN 300 - Corporate Finance

Study of the private sector, for-profit publicly traded corporations from the standpoint of managers. Topics: basic theories and techniques of financial decision making, encompassing working capital, capital budgeting, and long term financing.

Prerequisite(s): ECO 100, ECO 101, and ECO 221.

3 credit(s).

Last Term Offered: Fall 2016

FIN 340 - Financial Markets and Institutions

The structure and functioning of the nation’s financial institutions as the providers and regulators of money and credit. Special attention is given to the role of capital markets.

Prerequisite(s): ECO 100 and ECO 101.

3 credit(s).

Last Term Offered: Fall 2016

FIN 341 - Principles of Investment

An introduction to types of securities, sources of information, securities exchanges and regulations, with emphasis on equity valuation.

Prerequisite(s): FIN 300 and FIN 340.

3 credit(s).

Last Term Offered: Fall 2016

FIN 343 - Commercial Banking

Study of depository institutions emphasizing the application of finance theories covering asset and liability policies, opportunities, and the problems of deregulation.

Prerequisite(s): FIN 340.

3 credit(s).

Last Term Offered: Fall 2016

FIN 345 - Principles of Real Estate

Study of real estate principles, including real estate contracts, real estate management, appraisal, mortgages, license law, and agency.

Prerequisite(s): ECO 100 and ECO 101.

3 credit(s).

Last Term Offered: Fall 2014

FIN 346 - Risk Management and Insurance

Basic concepts of risk management through the use of insurance programs for the household and business sectors.

Prerequisite(s): ECO 100 and ECO 101.

3 credit(s).

Last Term Offered: Summer 2016

FIN 347 - International Financial Management

A study of the financial issues faced by a firm operating in a multinational environment. Topics include: balance of payments concepts, exchange rates theories, currency markets, corporate treasury management, capital budgeting, international cost of capital, risk management, derivatives, security markets and their valuations.

Prerequisite(s): FIN 300.

3 credit(s).

Last Term Offered: Fall 2016

FIN 348 - Personal Financial Planning

Examines the principal financial issues facing an individual in today’s complex financial environment. The course enables students to make informed decisions in the context of their own specific situations so that the chance of success is maximized and risks are minimized. Focus is on practical strategies that produce results. Areas of study include budgeting, taxation, managing credit, investments, health, life, disability, and long-term care insurance; retirement and estate planning.

Prerequisite(s): ECO 100 and ECO 101.

3 credit(s).

Last Term Offered: Fall 2016

FIN 432 - Financial Management

In-depth study of the theories of corporation finance. Topics: valuation models, capital budgeting, cost of capital, capital structure, portfolio theory, and capital asset pricing models, innovations in treasury management, and financial planning.

Prerequisite(s): FIN 300.

3 credit(s).

Last Term Offered: Fall 2016

FIN 457 - Real Estate Finance

A study of financial and investment problems related to real estate. It develops an understanding of related financial institutions, types of financial instruments, functioning of mortgage markets, and law and regulations concerning real estate financing.

Prerequisite(s): ACC 200, FIN 345, and MGT 240.

3 credit(s).

Last Term Offered: Fall 2015

FIN 460 - Treasury Management

Examines the treasury management function of an enterprise in both the public and private sectors. Topics include cash, receivables, payables, and short-term debt management as well as an introduction to e-commerce. The course is required for the Certified Treasury Professional examination of the Association for Financial Professionals.

Prerequisite(s): FIN 300.

3 credit(s).

Last Term Offered: Fall 2016

FIN 470 - Practicum of Investing

Students are part of the investment management team of student-run investment portfolio funded by the SCSU Foundation (The Ad Astra Fund). This lab course can be taken once for credit in the finance sequence. Subsequent registrations will count as elective courses repeatable up to 9 credits. This course is a practical application of the theories learned in the classroom. Grading on pass/fail basis.

Prerequisite(s): FIN 300 and GPA 3.0 or better. Corequisite FIN 341 and departmental permission.

3 credit(s).

Last Term Offered: Fall 2016

FIN 499 - Independent Study

Research of a high quality meeting the standards of the department faculty director.

Prerequisite(s): Senior status and departmental permission.

1 to 3 credit(s).

Last Term Offered: Spring 2016