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Show Business and Economics — Finance Business and Economics — Finance FINANCE MAJOR Description: After studying in the school's core courses about the various functions, (including finance) in organizations, the finance major learns how to acquire, allocate, and control the firm's financial resources efficiently. Education: Required courses for a finance major cover Risk Insurance, Money and Banking, Investments and Problems in Financial Administration. Further specialization is obtained from four elective courses in other areas of finance and finance related courses in economics and real estate. Professional Outlook: Since money is the life-blood of every organization, the need for sound financial management will persist and with it the demand for financial majors. Finance ranks very high among the various business backgrounds of the highest paid executives in the United States. Related Careers: Besides opportunities in financial departments of industrial firms, Finance majors find application for their skills in many other areas, such as banking, insurance, real estate, investment, and consumer credit. Program: Business Administration—Finance Major (Bachelor Degree) I. General Requirements: A. See School of Business and Economics requirements. II. Specific Requirements: A. Students must apply at the department office for Advanced Standing before beginning these requirements. Advanced Standing requires completion of the Pre-Business Core with a 2.30 minimum GPA. (D grades are unacceptable). B. Courses required (twenty credit hours): Economics 320 (4); Finance 301 (4), ... 430 (4), 440 (4), MET 364 (4). C. Courses to elect from (four courses from the following): Finance 305 (4), 335 (3), 420 (4), 431 (4), 435 (4); Economics 301* (4), and 302* (4); 303 (4); Real Estate 340 (4), 430 (4), 450 (4); Business Administration 488 (4) with departmental approval. •Whichever is not selected to satisfy the core (courses selected to satisfy core cannot be used in major also). Program: Finance Minor for Business and Non-Business Majors I. General Requirements: Finance minors must achieve a G. P. A. of 2.25 in minor courses. II. Specific Requirements: A. Non-business majors—A baccalaureate degree candidate who is not seeking a major in the School of Business and Economics may obtain a minor in Finance by completing the following requirements: 1. Minimum of 28 credit hours, as explained below. 2. Required courses: Finance 320 (4), Accounting 201 (4); Economics 101 (5), 320 (4). 3. Courses to elect from eleven credit hours with approval of minor adviser): Finance 301 (4), 305 (4), 420 (4), 430 (4), 431 (4), 435 (4), 440 (4). 4. Support courses required: Accounting 102 (4); Economics 101 (5), 320 (4). B. School of Business and Economics majors—If a minor in Finance is desired by a student majoring in the School of Business and Economics, he must complete a minimum of fifteen credit hours (with approval of a minor adviser) from the following courses: Finance 301 (4), 305 (4), 335 (3), 420 (4), 430 (4), 431 (4), 435 (4), 440 (4), Business Administration 480 (1-5). FINANCE COURSES 101. Personal Finance (4) Personal and family budgeting, installment buying, borrowing money, buying a home, and purchasing stocks and bonds. A W S Su 292. Short Courses, Workshops, Institutes and Special Programs (1-6) In order to provide flexibility and to meet many different needs, a number of specific offerings are possible using this catalog number. When the number is used it will be accompanied by a brief and specific descriptive title. The specific title with the credit authorized for the particular offering will appear on the student transcript. A W S Su 301. Risk and Insurance (4) Designed for understanding the importance of risk in personal and business affairs, with emphasis placed upon the nature of risk, the insurance mechanism and the functional aspects of insurance. (Pre-business core not required.) A 305. Life Insurance (4) Principles of life insurance; analysis of insurance policies, programs, annuities, reserves, and management problems. (Pre-business core not required.) W 320. Corporate Finance (4) Structure of the corporation, financial analysis, planning and control, working capital management, capital budgeting, cost of capital, and financial decision making under risk and uncertainty. A W S Su GE330. Introduction to Investments (4) A study of investment opportunities, mechanics, analysis, risk, and management. (Pre-business core not required.) A S 335. Credit Management (3) Principles and methods of credit and collection. (Pre- business core not required.) S 420. Capital Budgeting (4) Capital investment decision making procedures relative to make/buy, lease/buy, working capital, replacements, and new investment decisions. Includes analysis of capital acquisition alternatives. Prerequisite: Finance 320. A 430. Investments (Finance majors only or instructor approval) (4) An in-depth study of principles, concepts, and tools used in the investment field as they relate to investment opportunities, mechanics, financial statement analysis, risk, and portfolio management. Prerequisite: Finance 320. W 431. Security Analysis (Finance majors only or instructor approval) (4) A continuation of Finance 430. Emphasis is on principles of security analysis and portfolio management and balanced financial planning for the individual. Prerequisite: Finance 430. S 435. Financial Institutions (4) A study of the functions and significance of the major financial institutions such as commercial banks, credit and mortgage institutions, and savings institutions with an emphasis on management problems, regulations, credit appraisal and loan types. Prerequisite: Finance 320 and Economics 320. W 440. Problems in Financial Administration (4) Case studies in corporate financial management. Prerequisite: Finance 320. S 492. Short Courses, Workshops, Institutes and Special Programs (1-6) In order to provide flexibility and to meet many different needs, a number of specific offerings are possible using this catalog number. When the number is used it will be accompanied by a brief and specific descriptive title. The specific title with the credit authorized for the particular offering will appear on the student transcript. A W S Su 94 95 |
