Detección de focos

Undergraduate Bulletin Document Number 3.01.03

Economics, Finance, and Insurance and Risk Management

Carmichael Professor: Dr. He

Professors: Dr. Bratton, Dr. Horton, Dr. Johnson

Associate Professors: Dr. Campbell, Dr. Cantrell, Dr. Kordsmeier, Dr. McGarrity, Dr. Pittman Assistant Professors: Dr. Bisping, Dr. Fayman, Dr. McCalman, Dr. Puleo

Instructor: Ms. Maxwell

[1] Objectives

The department provides major programs or concentrations in the areas of economics, finance, international trade, and insurance and risk management. A degree in economics can be taken under a Bachelor of Business Administration, Bachelor of Arts, or Bachelor of Science degree plan. A degree in finance can be taken under the Bachelor of Business Administration degree plan. A degree in insurance and risk management is available under the Bachelor of Business Administration degree plan. A degree in personal financial planning is offered under the Bachelor of Business Administration degree plan. A concentration in international trade is available under either the Bachelor of Business Administration or the Bachelor of Arts degree plan. Each program emphasizes analytical tools and applications that will be useful in a rapidly changing world.

The degree program in finance prepares students for careers in financial institutions and in finance-related occupations in business and government. The degree programs in economics prepare students to enter professional careers as economic analysts in governmental and business organizations.

The concentration (within economics) in international trade prepares students for positive participation in global business and society. If a student desires to undertake graduate study in economics, business, health care administration, public administration, or law, the economics and finance programs provide excellent backgrounds for such study.

The degree in insurance and risk management or personal financial planning will prepare students for management-level careers in insurance, personal financial planning, or as an employee benefits manager, insurance regulator, group insurance representative, agent, broker, risk manager, or safety or loss-control expert.

Economic and financial competence requires a basic knowledge of theories, principles, and techniques of analysis. Added to this basic knowledge should be the historical, institutional, and quantitative approaches within the disciplines. With these tools, supplemented by studies in related fields of mathematics, computer science, accounting, and social sciences, students will be able to formulate approaches to current economic

and financial problems as they arise in their personal and professional lives.

Exceptional students may be invited by the faculty to pursue recognition as a departmental undergraduate scholar. Students will write a paper under the direction of a faculty member. Successful completion of this program will allow the students to graduate as a departmental undergraduate scholar. Finance and insurance majors will be required to complete FINA 4395 Special Problems in Finance; economics majors will complete ECON 4395 Special Problems in Economics.

[2] The Carmichael Endowment

The generosity of Dr. Maude Carmichael, through the Carmichael Fund that she established to honor her parents, has made it possible to have unique experiences in economic education. The creation of the Carmichael Professorship is one example of how her endowment has been used to promote education in economics and banking.

Dr. Carmichael (Ph.D., Radcliffe) served as chair of the Economics Department at the University of Central Arkansas from 1931 until her retirement in 1952. Dr. Carmichael's endowment is an extension of her life's work in providing Arkansas students with an understanding of the important economic forces affecting their lives as well as the ability to formulate creative and productive approaches to the economic facets of life.

[3] Baccalaureate Degrees

[3.1] Bachelor of Business Administration

The degree of Bachelor of Business Administration requires successful completion of 124 hours including (1) the general education component, (2) the BBA foundation and core requirements, (3) a major as listed below, and (4) electives to bring total credit hours to 124.

[3.1.1] Major in Business Administration (General Business) (24 hours)

The general business major requires eight upper-division courses in at least three different teaching areas in Business (ACCT, ECON, FINA, INSU, MIS, MKTG, and MGMT). Further, the major in Business Administration requires students to complete at least one writing-intensive course from among ACCT 4304, ECON 4380, ECON 4335, ECON 4375, FINA 4336, INSU 4320, MGMT 4348, or MKTG 4355 and one computer applications course from among ACCT 4315, INSU 3324, QMTH 3325, MIS 3362, MIS 3301, MGMT 4341, or MKTG 4353.

[3.1.2] Major in Economics (24 hours)

Concentration in International Trade. ECON 4333 or ECON 4370 or FINA 3340, and ECON 4335 and ECON 4380, plus 9 hours from the following (ECON 4320, ECON 4375, FINA 4333 and MGMT 4342), plus 6 hours of other upper-division business electives.

[3.1.3] Major in Finance (24 hours)

The major consists of eight upper-division courses including ACCT 3311, QMTH 3325, FINA 3340, FINA 3350, FINA 4332, FINA 4333, FINA 4336 and one of the following: FINA 3323, FINA 4331, ACCT 3312, INSU 3324, or MGMT 4341.

[3.1.4] Major in Insurance and Risk Management (24 hours)

The major consists of eight upper-division courses including INSU 3324, INSU 3315, INSU 3320, INSU

4315, INSU 4320; FINA 4332 and two of the following: INSU 3330, QMTH 3325, FINA 3350, INSU 4310, or INSU 4340.

[3.1.5] Personal and Financial Planning Track of Major in Insurance and Risk Management (24 hours)]

The major consists of eight upper division courses. These are INSU 3324, INSU 3315, INSU 4315, FINA 3350, FINA 4332, ACCT 3316, ACCT 4305 and ACCT 4316.

[3.1.6] Minor in Business Administration (24 hours)

Not open to BBA students. ACCT 2310, ACCT 2311, ECON 2320, ECON 2321 and 12 hours of additional courses in business. At least 6 hours of upper-division courses must be taken in the minor in business administration.

[3.1.7] Minor in Economics (18 hours)

Not open to BBA students. ECON 2320, 2321, 4333, 4370 and 6 hours from upper-division economics courses.

[3.2] Bachelor of Science

The degree of Bachelor of Science, with a major in economics, requires successful completion of 124 hours, including (1) the general education component, (2) the BS degree requirements, (3) the major as listed below, and (4) a minor approved by the student's minor advisor.

[3.2.1] Major in Economics (27 hours)

ECON 2320, 2321, 4333, 4370, 4380, and 12 hours of upper-division economics electives (may include FINA 4332, or 4333, or 3340 in total), and MATH 2311, 3311, and 1591 (The 9 hour MATH requirement is in addition to the 27 hour ECON requirement). BS economics majors may not minor in the College of Business Administration, and no more than 3 hours of electives may be in the College of Business Administration. [3.3] Bachelor of Arts

The degree of Bachelor of Arts in economics, with a concentration in International Trade, requires successful completion of 124 hours, including (1) the general education component, (2) the BA degree requirements, (3) the major as listed below, and (4) a minor approved by the student's minor advisor.

[3.3.1] Major in Economics (48 hours)

Concentration in International Trade: Fifteen-hour global foundation consisting of HIST 1310, HIST 1320, SOC 1302, ECON 2310, and PSCI 4310. Nine-hour global core consisting of either (a) developing nations track (GEOG 2362, PSCI 3382, and ECON 4375) or (b) developed nations track (GEOG 2361, PSCI 3340, and ECON 4320). Fifteen hours of ECON consisting of ECON 2320, 2321, 4335, 4370, and 4380. Nine hours of upper-division courses to complete the major (must be approved by the advisor). The courses can be in geography, history, political science, or sociology. BA economics majors may not minor in the College of Business Administration, and no more than 9 hours of electives may be in the College of Business Administration. No more than 30 hours total may be taken in the College of Business Administration.

[4] Courses In Economics (ECON)

Follow this link for ECON course descriptions: course link.

[5] Courses in Finance (FINA)

Follow this link for FINA course descriptions: course link.

[6] Courses in Insurance and Risk Management (INSU)