General Core: 40-43 credits

• ECON 101 - Principles of Microeconomics (3.00)
• ECON 102 - Principles of Macroeconomics (3.00)
• ECON 121 - Principles of Accounting I (3.00)
• ECON 122 - Principles of Accounting II (3.00)
• ECON 311 - Intermediate Microeconomic Analysis (3.00)
• ECON 312 - Intermediate Macroeconomic Analysis (3.00)
• ECON 374 - Financial Management (3.00)

Financial Economics Core: 12 credits

Students choose four of the following courses:

One of the four must be ECON 471  or ECON 475 .

• ECON 301 - Intermediate Accounting I (3.00)
• ECON 410 - Topics in Financial Economics (3.00) (only one 410 can count here)
• ECON 453 - Household Economics (3.00)
• ECON 463 - Public Finance (3.00)
• ECON 471 - Financial Markets and Institutions (3.00)
• ECON 472 - Monetary Theory and Policy (3.00)
• ECON 474 - Intermediate Financial Management (3.00)
• ECON 475 - Financial Investment Analysis (3.00)
• ECON 476 - Applied Portfolio Management (3.00)
• ECON 477 - Analysis of Derivative Securities (3.00)
• ECON 478 - Real Estate Economics and Finance (3.00)
• ECON 479 - Venture Capital and Capital Market Imperfections (3.00)
• ECON 482 - International Finance (3.00)

Upper-Level Economics Electives: 9 credits

Students must complete nine additional credits in ECON 314 or higher. Students may use any upper-level ECON courses listed in the general core or the financial economics core as upper-level ECON electives, provided the courses are not used to meet the requirements of the respective core.

Any two of the following may be substituted for two upper-level economics electives:

• ECON 302 - Intermediate Accounting II (3.00)
• ECAC 329 - Cost Accounting (3.00)
• ECAC 330 - Principles of Taxation (3.00)
• CMSC 202 - Computer Science II (4.00)
• CMSC 331 - Principles of Programming Language (3.00)
• CMSC 341 - Data Structures (3.00)
• IS 247 - Computer Programming II (3.00)
• IS 320 - Advanced Business Applications (3.00)
• MATH 225 - Introduction to Differential Equations (3.00)
• MATH 251 - Multivariable Calculus (4.00)
• MATH 302 - Introduction to Mathematical Analysis II (3.00)
• MATH 341 - Computational Methods (3.00)
• MATH 381 - Linear Methods in Operations Research (3.00)
• STAT 417 - Introduction to Time Series Data Analysis (3.00)
• STAT 433 - Statistical Computing (3.00)
• STAT 453 - Introduction to Mathematical Statistics (3.00)
• STAT 454 - Applied Statistics (3.00)
• POLI 353 - Governmental Budgeting and Financial Administration (3.00)

Note:

No course in which the student has earned a grade lower than “C”; shall fulfill the major requirements.

The B.S. in Financial Economics requires many courses that have a series of prerequisites. Students who wish to complete the degree in four years of full-time study should plan their schedule accordingly. It is suggested that students complete ECON 101 , ECON 102 , ECON 121  and ECON 122  in their first year. Students should complete the Calculus requirement by the end of their first year, if possible.

In the second year, students should include ECON 311 , ECON 312  and ECON 374  in their schedules. Having taken these courses by the end of the second year will allow students to complete the degree and general university requirements in four years with minimal scheduling difficulties.

Students transferring from a two-year college to UMBC should complete the equivalent of ECON 101 , ECON 102 , ECON 121  and ECON 122  before transferring. In addition, other required introductory courses, such as calculus and the computer course could be taken before transferring. Students should plan to have most, if not all, of the general university requirements met before transferring. Once they have transferred, students should include ECON 311 , ECON 312  and ECON 374  in their schedules as soon as possible.

Emphasis within the Financial Economics Major

Students may choose to emphasize public-sector finance, international finance or private-sector finance within the financial economics major. The following are suggested course options for areas of emphasis:

Public-sector Finance Elective courses included in the general core or financial economics core (if not used in the core):

• ECON 463 - Public Finance (3.00)
• ECON 421 - Introduction to Econometrics (3.00)

International Finance

Elective courses included in the general core or financial economics core (in the core):

• ECON 482 - International Finance (3.00)
• ECON 471 - Financial Markets and Institutions (3.00)
• ECON 474 - Intermediate Financial Management (3.00)
• ECON 476 - Applied Portfolio Management (3.00)
• ECON 477 - Analysis of Derivative Securities (3.00)
• ECON 479 - Venture Capital and Capital Market Imperfections (3.00)

Private-sector Finance Elective courses

Private-sector Finance Elective courses included in the general core or financial economics core (in the core):

• ECON 301 - Intermediate Accounting I (3.00)
• ECON 471 - Financial Markets and Institutions (3.00)
• ECON 472 - Monetary Theory and Policy (3.00)
• ECON 474 - Intermediate Financial Management (3.00)
• ECON 475 - Financial Investment Analysis (3.00)
• ECON 476 - Applied Portfolio Management (3.00)
• ECON 477 - Analysis of Derivative Securities (3.00)
• ECON 479 - Venture Capital and Capital Market Imperfections (3.00)
• ECON 482 - International Finance (3.00)
• ECON 423 - Time Series and Forecasting (3.00)