Finance & Economics

The Department of Finance and Economics offers specialization in these two areas under the Business degree program.

Business (B.S.) with the following specializations     Finance     Economics

About the Program

The Department of Finance and Economics offers specialization in these two areas under the Business degree program:

Finance Specialization

Finance is the art and science of managing money. It is an important function of all organizations, as well as, applicable to individuals. Finance is closely related to both accounting and economics. It is somewhat more quantitative than the functions of management and marketing.

Successful financial management involves maximizing the effective use of the assets of the business entity in order to maximize the value of the firm, generally its profitability. Again, the relationship to accounting is extremely important - the accountant prepares the numbers that evidence how a firm has done - the financial manager uses those accounting numbers to make decisions about how to manage the firm in the future. Many of the highest paying jobs in business go to finance graduates.

Economics Specialization

Perhaps more than any other science, economics is about how change influences the lives of individuals, businesses and nations. The latter is so evident as one considers the collapse of the former Soviet Union and the continued expansion of economic reforms, towards free-markets, in 1996 in Russia. Why do some prosper and others fail?

Available courses will cover both traditional micro and macro theory. In macro we look at national and international fluctuations, monetary policies, the deleterious effects of the national debt, budget deficits and the field of money & banking. In micro we look at how firms operate, the functions of supply and demand and various types of competition, to name just a few important subjects.

Enthusiastically we support the goals of the university, as stated on page 7 of the university catalogue, encouraging an understanding of our system of democratic capitalism, a system of free-markets and limited government, the finest system in the world, but always as undergirded by our cherished Judeo-Christian values. Job opportunities abound in business, government and teaching.