Courses in Financial Economics
Financial economics is a sub-specialty of both the finance and economics fields. Students of this concentration will gain a thorough understanding of the economics of various financial systems including banks and investment corporations. In addition to basic or introductory classes in accounting, marketing and general management, these students must complete an array of advanced-level coursework related to both finance and economics.
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Money, Banking and Financial Markets
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During this course of study, students will learn principles and concepts related to money, banking and investments. Some topics covered include an understanding of financial markets and their role in society, monetary systems and financial instruments such as stocks, bonds and T-bills.
International Trade and Finance
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In addition to topics related to domestic finance, students of financial economics will study various aspects of international finance and global economics. Some topics covered in this class include foreign banking and currency, investing in overseas markets (including risk assessment/financial planning) and international taxation.
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Public Finance
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Public finance is another required course in financial economics. This course relates to government and its influence and involvement in the economy. Students will also study issues relative to taxation, social subsidy programs, governmental budgeting and fiscal responsibility. In addition to federal governmental matters, students will also discuss financial issues concerning both local and state governmental systems.
Macroeconomics
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Another common course required in financial economics programs is that of macroeconomics. This class is the study of economic systems as a whole. Specifically, the class will elaborate on issues related to supply/demand, unemployment, inflation and economic growth.
Intermediate Accounting
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In addition to coursework in the principles of accounting, financial economics students must advance on to intermediate accounting. Skills and concepts acquired in this class will include financial reporting and analysis, assets management, income statements and leases.
Corporate Finance
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Financial economics students must also study finance as it pertains to business or for-profit organizations. In addition to learning the basics of corporate financial management and planning, students will also be introduced to a variety of other financial topics related to corporations. Some of these topics may include corporate restructuring, assets, property management/leases and business mergers/acquisitions.
Other Classes
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Financial economic students may also be required to take classes in real estate finance, investments/securities, risk management/insurance, estate planning and personal finance. Students may study in this field at the Baccalaureate or Master's (graduate) degree level.
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References
- Photo Credit banking card in macro image by Alexey Klementiev from Fotolia.com
