Course variations

Course summary

This program focuses on financial markets and topics ranging from financing of corporations and government, to the pricing of financial assets such as bonds, stocks, derivative securities and real estate assets. Some graduates of the UMBC economics program enter the business world immediately after graduation while others earn an M.B.A. and then enter management positions. Research jobs are also available in business or in government service at the local, state or federal levels.

Program modules

The general core courses are (40-42 credits) ECON 101, Principles of Microeconomics, ECON 102, Principles of Macroeconomics, ECON 121, Principles of Accounting I, ECON 122, Principles of Accounting II, ECON 311, Intermediate Microeconomic Analysis (Note: Calculus is a prereq.), ECON 312, Intermediate Macroeconomic Analysis (Note: Calculus is a prereq.), ECON 374, Fundamentals of Financial Management, ECON 320, Elements of Quantitative Methods for Management or ECON 421, Econometrics or ECON 423, Economic Forecasting, CMSC 100, Introduction to Computers and Programming or CMSC 103, Scientific Computing or CMSC 104, Problem Solving and Computer Programming or IS 101, Introduction to Computer Based Systems or IS 295, Introduction to Applications Programming, STAT 351, Applied Statistics for Business and Economics or STAT 355, Introduction to Probability and Statistics for Scientists and Engineers, MATH 151, Calculus and Analytic Geometry I or MATH 155, Elementary Calculus I, ECON 490, Analytic Methods in Economics or MATH 152, Calculus and Analytic Geometry II or MATH 221, Introduction to Linear Algebra, PHIL 248, Scientific Reasoning or PHIL 346, Deductive Systems or CMSC 203, Discrete Structures or PHIL 399B, Business Ethics or PHIL 350, Ethical Theory or ECAD 385, Business Ethics. The financial economics core courses - students may choose any four of the following courses (12 credits): ECON 301, Intermediate Accounting I, ECON 410, Topics in Financial Management, ECON 453, Household Economics, ECON 463, Theory of Public Finance, ECON 471, Money and Capital Markets, ECON 474, Cases in Corporate Finance, ECON 475, The Economics of Financial Analysis, ECON 476, Portfolio Analysis and Management, ECON 477, Analysis of Derivative Securities, ECON 478, Real Estate Economics and Finance, ECON 482, International Finance, ECON 410, Topics in Financial Management. ECON 471 or ECON 475 must be included as one of the four courses. The private sector finance elective courses included in the general core or financial economics core (if not used in the core): ECON 301, Intermediate Accounting I, ECON 471, Money and Capital Markets, ECON 474, Cases in Corporate Finance, ECON 475, The Economics of Financial Analysis, ECON 476, Portfolio Analysis and Management, ECON 477, Analysis of Derivative Securities, ECON 482, International Finance, ECON 423, Economic Forecasting. Other suggested electives: ECON 302, Intermediate Accounting II, ECAC 329, Cost Accounting, ECAC 330, Principles of Taxation, ECON 408, Managerial Economics, ECON 413, Industrial Organization, ECON 453, Household Economics, ECON 478, Real Estate Economics and Finance.

Entry requirement for international students

Students must have a high school diploma or its equivalent and have strong marks. Freshmen who wish to be considered for merit scholarships must sit for the SAT and present a combined critical reading and math score of 1300 or better along with high school marks that are in the top 10 per cent of their class. Otherwise, students educated overseas do not need to sit for the SAT. They must also demonstrate their English Proficiency by TOEFL or IELTS scores. If students TOEFL score falls below 48 on the internet-based, 140 on the computer-based, or 550 on the paper and pencil version, they should consider full-time enrollment in the English Language Center (ELC).

Qualification

Bachelor degree

Awarding body

University Of Maryland, Baltimore County

Department name

College of Arts, Humanities, and Social Sciences, Department of Economics