Financial Economics

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OVERVIEW OF DEGREE REQUIREMENTS - B.A.

Minimum number of credits required to graduate: 120

Minimum Cumulative GPA required to graduate: 2.0

Minimum Grade requirements for courses to count toward major: A “C-” or better is required in ECO 120, ECO 121, ECO 321, and ECO 350. A “C” or better is required in the capstone (ECO 489 or approved substitute)

Other GPA requirements to graduate: Economics (ECO) coursework must be completed with a 2.0 cumulative average.

Required Course(s) for fulfilling Capstone Experience: ECO 489 or approved substitute

Contact Information: Karen Moffett, School of Economics, 206 Winslow Hall, (207) 581-3154.

This program is designed to prepare students for employment in occupations where specific knowledge of financial economics will be useful in entry-level positions and in enhancing subsequent opportunities for advancement. The program also provides a strong undergraduate background for graduate professional degrees in business, economics, and law. This approach incorporates the fundamentals of economic theory in the areas of macroeconomics and monetary economics along with the applied analytical tools of finance and econometrics.

Students are required to work with their advisors on selecting appropriate economics electives in addition to the required economics and business core. Students are also encouraged to discuss career or graduate school preparation with their advisor.

B.A. Requirements

School Requirements:

Economics majors must complete a minimum of 24 (ECO) core credits, 9 economics elective credits and 18 business (BUA) credits at the University of Maine. Students must complete the following:

1. Required Economics (ECO) courses:

ECO 117 - Issues and Opportunities in Economics Credits: 1
(not required for internal or external transfers)
ECO 120 - Principles of Microeconomics Credits: 3
ECO 121 - Principles of Macroeconomics Credits: 3
ECO 217 - Issues and Opportunities in Economics II Credits: 1
(not required for internal or external transfers with over 30 credits)
ECO 317 - Issues and Opportunities in Economics III Credits: 1
(not required for internal or external transfers with over 60 credits)
ECO 321 - Intermediate Macroeconomics Credits: 3
ECO 339 - International Finance Credits: 3
ECO 350 - Intermediate Microeconomic Theory Credits: 3
ECO 366 - Applied Economic Data Analysis Credits: 3
ECO 489 - Senior Seminar Credits: 3

2. Nine (9) additional credit hours in ECO courses:

A minimum of 6 must be at the 400 level or higher (not counting the core above or capstone). ECO 485, Introduction to Economic Statistics and Econometrics, is strongly recommended for students considering graduate study in economics.

3. Required Maine Business School courses:

BUA 201 - Principles of Financial Accounting Credits: 3
BUA 202 - Principles of Managerial Accounting Credits: 3
BUA 350 - Business Finance Credits: 3
BUA 352 - Financial Institutions Credits: 3

Two additional courses from among the following:

BUA 351 - Valuation and Corporate Investment Decisions Credits: 3
BUA 353 - Investment Strategy Credits: 3
BUA 454 - Financial Derivatives Credits: 3

4. Mathematics Requirement:

One of the following mathematics courses (or equivalent):

MAT 115 - Applied Mathematics for Business and Economics Credits: 3
MAT 116 - Introduction to Calculus Credits: 3

5. Statistics requirement:

One of the following statistics courses (or equivalent):

STS 215 - Introduction to Statistics for Business and Economics Credits: 3
STS 232 - Principles of Statistical Inference Credits: 3
STS 434 - Introduction to Statistics Credits: 4

A Typical Four-year Programs in Economics (B.A. FIE)

(Listed below is the sequence for economics courses. Students meet with their Faculty Advisor to fill in remaining schedule with General Education courses, business courses, free electives and other requirements.)

B.S. Requirements

OVERVIEW OF DEGREE REQUIREMENTS - B.S.

Minimum number of credits required to graduate: 120

Minimum Cumulative GPA required to graduate: 2.0

Minimum Grade requirements for courses to count toward major: A “C-” or better is required in ECO 120, ECO 121, ECO 321, and ECO 420. A “C” or better is required in the capstone (ECO 489 or approved substitute)

Contact Information: Karen Moffett, School of Economics, 206 Winslow Hall, (207) 581-3154.

School Requirements:

Economics majors must complete a minimum of 27 (ECO) core credits, 15 economics elective credits and 18 business (BUA) credits at the University of Maine. Students must complete the following: