阿肯色大學(xué)小石城校區(qū)

The finance curriculum provides a theoretical framework of the environment in which financial institutions operate. Individual courses deal with financial institutions, the financial management of business firms, investments, and particular institutional areas of banking, real estate, and insurance. Emphasis is on the decision making, or analytical, aspects of the subject areas. The department offers three degree options (emphases) in the finance area.

Emphasis I (General Finance) provides training in business finance, financial decision making within the firm, and the financial and banking systems.

Emphasis II (Real Estate) provides a broad background in real estate analysis, investment, and financial decision making.

Emphasis III (Financial Services and Risk management) provides training in the management of financial service firms such as banks, insurance firms, and wealth management firms.

Students completing the finance degree should be able to:

Demonstrate a thorough understanding of time value of money concepts by solving representative problems. This includes calculating present values, future values, and rates of return.

Identify and explain the role and functioning of financial markets. Students should be able to explain the determination of interest rates, the role of financial intermediaries, the impact of risk and the connections across international markets. Value financial assets. This involves being able to explain risk-return trade-offs, asset pricing models, market efficiency, and international valuation. The student should be exposed to modern portfolio theory and option pricing theory.

Identify and explain the investment and financing decisions of the firm, and how these decisions affect value. Students should be exposed to estimating the cost of capital, should be able to identify factors affecting capital structure and financing alternatives (domestic and international), and be exposed to firm valuation.

Be exposed to the ethical issues involved in finance. In particular, the student should be exposed to agency theory and its implications for financial managers. This includes exposure to fiduciary issues.

Major (75 hours)

General-business Courses (21 hours)

ACCT 2310 Principles of Accounting I

ACCT 2330 Principles of Accounting II

ECON 2310 Business Statistics I

ECON 2322 Principles of Microeconomics

ECON 2323 Principles of Macroeconomics

MKTG 2380 Legal Environment of Business

MATH 1342 Business Calculus