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Courses in the UALR College of Business Department of Economic
& Finance are divided into three categories:
Specific required courses may vary depending on the degree plan of a particular major.
- Rhetoric 1311, 1312
- History 1311, 1312
- Mathematics 1302
- Speech Communication 1300
- History 2311, 2312, or Political Science 1310
- English 2337, 2338, or Philosophy 2320
- Fine Arts 2300, 2301; or Art 2200, Music 2200, Theater 2200
- Science core courses: 8 hours
(44 Hours total) Two courses of three credit hours from individuals, cultures, and societies core courses
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- Mathematics 1342
- Accounting 2310, 2330
- Economics 2310, 2312
- Economics 2322, 2323
- Management 1310
- Marketing 2380
27 hours total
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- Rhetoric 3316 or Management 3380
- Finance 3310
- Management 3300
- Management 3304
- Management 3305
- Management 4380
- Marketing 3350
21 hours total
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1340. Current Economic Problems
A survey of economic problems and situations of consumers, business, and government. May not be taken for credit by business majors. Three credit hours.
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2310. Business Statistics I
Prerequisite: Mathematics 1342 (with grade 'C' or higher). An introduction to statistical methods from an economic and business perspective, including descriptive statistics, probability theory as applied to statistical analysis, and an introduction to hypothesis testing. Three credit hours.
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2311. Business Statistics II
Prerequisite: Economics 2310. An introduction to regression analysis with emphasis on underlying assumptions, violations of assumptions, and possible corrective measures. Students are required to develop and estimate a realistic regression model and interpret results. Three credit hours.
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2312. Quantitative Methods
Prerequisites: Mathematics 1342 (with grade 'C' or higher), Economics 2310. An introduction to quantitative methods frequently used in business. Topics include regression analysis, decision analysis and expected values, Chi Square, sampling techniques, and forecasting. Three credit hours.
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2322. Principles of Microeconomics
Prerequisite: Mathematics 1302. The theory of the individual firm in the economy, cost and price determination, income distribution, and welfare economics. Three credit hours.
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2323. Principles of Macroeconomics
Prerequisite: Mathematics 1302, ECON 2322. The monetary system, macroeconomic analysis of income, employment, price level, business fluctuations, and elements of international trade. Three credit hours.
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3301. Survey of Economics
This course offers an overview of the science of economics. Basic economic laws and methods are presented followed by a survey of the two primary areas of economics: microeconomics and macroeconomics. Students will be introduced to the functioning of markets and the choice process individuals and societies are faced with while making economic decisions. This course may not be taken for credit by business or economics majors. Three credit hours.
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3310. Money and Banking
Prerequisite: Economics 2323. The nature and functions of money and the development of the Federal Reserve System, the role and activities of the Federal Reserve in the development of monetary policy. Three credit hours.
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3314. Mathematical Economics
Prerequisites: Economics 2311 or 2312, 2322, 2323. Analysis of economic problems and theory using mathematics.
Mathematical methods are used to demonstrate economic principles. Three credit hours.
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3315. Intermediate Microeconomic Analysis
Prerequisites: Economics 2311 or 2312, 2322, 2323. Price and production theory. Consumer demand, the supply function, market pricing, and various degrees of competition. Three credit hours.
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3320. Business Forecasting
Prerequisites: Economics 2312, 2322, 2323. Business fluctuations; seasonal, cyclical, trend, and secular components; measurement of fluctuations; and methods of predicting changes in business activity. Three credit hours.
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3330. Intermediate Macroeconomic Theory
Prerequisites: Economics 2322, 2323. National income analysis and its implications for public policy; its historical development and present status, including recent business cycle development. Three credit hours.
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4305. Advanced Microeconomics
Prerequisite: Economics 3315 or equivalent. Theoretical microeconomics covering the theory of distribution, general equilibrium, welfare economics, and other advanced topics. Three credit hours.
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4310. History of Economic Thought
Prerequisites: Economics 2322, 2323. The development of contemporary economic theory. A study of the development of economic concepts, methods of analysis, and philosophies and their relation to contemporary theory. Three credit hours.
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4320. International Economics
Prerequisites: Economics 2322, 2323. The theory and mechanics of international trade; balance of payments problems, commercial policy, and international investments. Three credit hours.
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4322. Resource Economics
Prerequisites: Economics 2322 and 2323, or equivalent. Applied microeconomics concentrating on natural resources as they are used to maximize society's total utility. Both the theoretical and actual aspects of natural resources as inputs to the production process are explored. Three credit hours.
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4324. Environmental Economics
Prerequisite: junior standing. Applied microeconomics covering various aspects of environmental economics. The problems of preventing future pollution and cleaning past pollution in an economically efficient manner are explored. Economic theory, actual practice, and legal aspects of pollution are explored in the context of the trade-offs that must be considered. Three credit hours.
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4330. Public Finance
Prerequisites: Economics 2322, 2323. The economic functions of government, public goods theory. Public sector decision making, financing, and consequences; public sector growth and institutions. Three credit hours.
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4340. Labor Economics
Prerequisites: Economics 2322, 2323. Economics of labor as a factor in the production process; legislative aspects of labor-management relations; measurement of human capital; effects of union growth; role of organized labor in the economy. Three credit hours.
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4344. Introduction to Financial Economics
Prerequisites: Economics 2323, or equivalent. Survey of capital markets and security market efficiency and introduction to portfolio theory, capital asset pricing, and agency theory. Implications for corporate financial policy decisions and financial market regulatory policy. Three credit hours.
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4347. Economics of Development
Prerequisites: Economics 2321 and 2322, or equivalent. The study of how countries change their productive arrangements and change real per-capita income over time. Various development strategies are discussed. Three credit hours.
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4360. Independent Study
Prerequisites: senior standing, consent of chairperson and instructor. Research and independent investigation in areas of economic analysis, economic policy, history of economic thought, and economic development. Three credit hours.
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4396. Cooperative Education I
Prerequisites: senior standing, economics major, completion of at least 9 hours of upper level finance courses with a grade of C or better, cumulative GPA of 2.50, and consent of department chairperson prior to registration. Designated to complement and extend the classroom learning experience through the application of theories and concepts in a professional work environment.
A written project, designed in consultation with the faculty member, and a minimum of 200 hours with a participating employer during the semester are required. The exact number of weekly work hours, activities, and responsibilities are dependent upon the nature of the work experience and must be specified in written agreements between the student, faculty member, and the Office of Cooperative Education. This course is accepted as elective credit in the economics major. Three credit hours.
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4397. Seminar in Economics
Prerequisites: senior status and consent of faculty teaching course. Advanced economic topics in modular format and usually team taught. Topics will come from both the microeconomic and macroeconomic areas and may vary according to need. Three credit hours.
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FINC 2300. Personal Finance
Personal financial planning, including bank deposits, savings accounts, life insurance, property and casualty insurance, retirement accounts, investment in stocks and bonds, housing. May not be taken for credit by business majors. Three credit hours.
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FINC 3310. Business Finance
Prerequisites: Economics 2310, 2322, 2323, Accounting 2310, 2330. (May be taken concurrently with Economics 2322, 2323.) Business finance with emphasis on the modern corporation; methods of securing and managing assets; problems of bankruptcy, reorganizations; business combination. Three credit hours.
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FINC 3330. Principles of Insurance
The phenomena of risk and risk bearing, including insurance and other methods of handling risks; introduction to the areas of property, marine, liability, disability, life insurance, and fidelity and surety bonding. Three credit hours.
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FINC 3340. Financial Markets and Institutions
Prerequisites: Finance 3310. Examination and analysis of financial markets, such as savings institutions, banks, insurance companies, mutual funds, pension funds, and others. Three credit hours.
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FINC 3350. Investment Analysis
Prerequisite: Finance 3310. Alternative investment opportunities, analysis of the economy, its industries, and particular businesses to determine the most desirable use of funds in terms of the objectives of individual and institutional investment programs. Three credit hours.
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FINC 3370. Real Estate
Introduction to the real estate business; relationship of real estate to the national and local economies; legal instruments, appraisals, property sales, and management. Three credit hours.
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FINC 4320. Bank Financial Management
Prerequisites: Finance 3310, 3340. Analysis and management of the asset and liability portfolio of depository financial institutions. Three credit hours.
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FINC 4330. International Finance
Prerequisite: Finance 3310. Multinational corporate finance; practices and problems in international finance; balance of payments and exchange problems; recent developments and trends in international finance. Three credit hours.
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FINC 4340. Life Insurance
Development of the human life value concept and financial consequences of economic death; types of insurers; types of life insurance and annuity contracts and their uses; premium and reserve calculations; introduction to programming for individuals, families, and institutions. Three credit hours.
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FINC 4341. Commercial Property and Liability Insurance Prerequisite: FINC 3310. Students will learn about commercial insurance coverage and how the business of insurance is conducted in practice. Topics include: underwriting, sales, marketing, claims adjustment, and pricing of insurance. Three credit hours.
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FINC 4360. Risk Management
Introduction to the fundamentals of risk management. Scope and fundamentals of property and liability insurance; analysis of contracts, rating, underwriting, insurers, and loss adjustments and procedures. Three credit hours.
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FINC 4363. Financing Entrepreneurial Ventures
Prerequisites: FINC 3310 and MGMT 3300. Financing alternatives for new and growing ventures; debt financing from investment banks, commercial banks, and SBIC, as well as equity financing from angel investors, private placements, venture capitalists, and public equity markets. Students use firm valuation methods and calculate return to investors to create a capital plan for a growing enterprise. Three credit hours.
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FINC 4364. Employee Benefits
Analysis of the nature of health and social insurance; causes, extent, and economic consequences of old-age dependency, unemployment, and disability; hospitalization and medical insurance, surgical benefits, major medical coverages, disability income contracts; review of Social Security and related social insurance programs. Three credit hours.
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FINC 4365. Business Insurance and Estate Planning
Importance of and techniques for risk identification and analysis as a basis for recognition of insurance requirements; application of coverages to business and personal needs. Three credit hours.
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FINC 4366. Introduction to Actuarial Science
Prerequisite: Finance 4340. Introduction to the mathematics of insurance as the basis for rate making, reserve and cash value calculations, and underwriting; importance of correct actual practices to company solvency and liquidity. Three credit hours.
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FINC 4368. Professional Financial Planning
Prerequisite: FINC 3310 and permission of instructor. Professional financial planning is the capstone course for the financial planning track of the Insurance and Financial Services major. The course covers all the significant aspects of financial planning, including: gathering data and determining goals and constraints, analyzing current financial status, and developing and presenting a financial plan. The course will include case studies. Three credit hours.
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FINC 4371. Real Estate Finance and Investment
Prerequisite: Finance 3370. Elements of mortgage financing for housing and investment property; sources of funds; application and approval; real estate investment analysis; effects of financing and income taxation upon investment returns. A term project analyzing a proposed real estate investment is required. Three credit hours.
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FINC 4372. Real Estate Valuation and Appraisal
Prerequisite: Finance 3370. Principles of valuation and appraisal of housing and investment property; market, replacement, and income approaches. A term project appraising an existing income property is required. Three credit hours.
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FINC 4177, 4277, 4377. Independent Study in Real Estate
Prerequisites: consent of chairperson and instructor. Supervised independent study in a real estate area of particular interest to the student. No more than six credit hours of Independent Study in Real Estate may apply toward a degree. Credit to be determined at the beginning of the semester. One, two, or three credit hours.
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FINC 4377. Independent Study in Real Estate
Prerequisites: senior real estate major, consent of chairperson and instructor. Supervised independent study in a real estate area of particular interest to the student. Three credit hours.
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FINC 4380. Portfolio Management
Prerequisites: Finance 3310, 3350. Investment risks, returns, and requirements; portfolio policies for the individual and institutional investor; functions of the stock exchange, investment bankers, and brokers. Three credit hours.
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FINC 4383/5383 - Advanced Portfolio Management I
Prerequisites: FINC 3350 for undergraduates or FINC 7320 for graduate credit, and consent of department. Theories of portfolio construction, rules, fundamental analysis, and efficient markets hypothesis as applied to portfolio management; investment goals and strategies; decision making on portfolio of Ford Investment Trust. Students must apply to enroll in this course; check with department for application forms and deadlines. Enrollment limited to 15 students, no more than 5 of whom may be graduate students. Three credit hours.
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FINC 4395. Advanced Financial Management
Prerequisites: senior finance major, consent of chairperson and instructor. Sophisticated techniques of financial management. Application of the body of financial theory to specific problems. Three credit hours.
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FINC 4396. Cooperative Education I
Prerequisites: senior standing, finance major, completion of at least 9 hours of upper level finance courses with a grade of C or better, cumulative GPA of 2.50, and consent of department chairperson prior to registration. Designated to complement and extend the classroom learning experience through the application of theories and concepts in a professional work environment.
A written project, designed in consultation with the faculty member, and a minimum of 200 hours with a participating employer during the semester are required. The exact number of weekly work hours, activities, and responsibilities are dependent upon the nature of the work experience and must be specified in written agreements between the student, faculty member, and the Office of Cooperative Education. This course is accepted as elective credit in the finance major. Three credit hours.
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FINC 4397. Seminar in Finance
Prerequisites: senior status and consent of faculty teaching course. Advanced finance topics offered in a modular format and usually team taught. Topics will come from both the corporate and investments areas and may vary according to need. Three credit hours.
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FINC 4399. Independent Study
Prerequisites: senior standing, consent of chairperson and instructor. Research and independent investigation in specific areas of finance of interest to the student. Three credit hours.
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