The mission of the Department of Economics and Finance is to teach students the foundations of economics and finance theory and methodology with a global perspective on markets and the institutional environment.
The department offers programs that lead to the B.B.A. degree with majors in either Economics or Finance through the College of Business and to the B.S. degree with a major in Economics through the College of Liberal Arts.
The economics program studies how society allocates scare resources. It is comprised of two parts: microeconomics and macroeconomics. Microeconomics studies individual firms and consumers and models the decisions they make in various types of markets and other institutional settings. Macroeconomics examines national income, growth, unemployment, and prices that result from the interaction of microeconomic agents. Economics majors may select a concentration in Public Finance or Labor Relations.
The finance program focuses on the financial sectors of modern economies. Students are provided analytical foundations and an introduction to financial processes and institutions. Finance majors may select a concentration in Business Finance, Financial Institution Management, Insurance, or Real Estate.
Students majoring in Economics and Finance are well prepared for careers in the private business sector, for public government service, and for graduate studies in business and law.
The department houses the Weatherford Chair of Finance and the Martin Chair of Insurance. Holders of the two chairs prepare students for careers in financial institution management and insurance, respectively.
The department offers minors in Economics, Industrial Relations, Economics/Finance, Finance, Real Estate, Insurance, and Real Estate/Insurance.
The department also offers a Master of Arts in Economics and a Doctor of Philosophy in Economics.