Bert W. Wasserman Department of Economics and Finance
- Faculty
- Field Description
- The Majors and Courses
- The Minor and Courses
- Department of Economics and Finance Web Site
Chair: Kishore Tandon
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Professors:
- Linda Allen
- Turan Bali
- Clark (Jack) Francis II
- Peter M. Gutmann
- Giora Harpaz
- Ted Joyce
- Steven Lustgarten
- Terrence F. Martell (Saxe Distinguished Professor of Finance)
- Alvin L.Marty
- June O’Neill (Bert and Sandy Wasserman Professor of Finance)
- Joel Rentzler
- Howard N. Ross
- Robert Schwartz (CUNY Distinguished Professor and Marvin M. Speiser Professor of Finance)
- Kishore Tandon
- Ashok Vora
- Jeffrey Weiss
- Avner Wolf
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Associate Professors:
- Archishman Chakraborty
- Gayle DeLong
- Ozgur Demirtas
- Hanan Eytan
- Christos Giannikos
- Christopher Hessel
- Armen Hovakimian
- Steven Katz
- Norman Kleinberg
- Jae Won Lee
- Barry Kai-Fai Ma
- Kenneth M.Michel
- Joseph Onochie
- Lin Peng
- Gwendolyn Webb
- Liuren Wu
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Assistant Professors:
- Craig Brown
- Suparna Chakraborty
- Sean Crockett
- Jay Dahya
- Evengiya Duzhak
- Sonali Hazarika
- Larry E. Huckins
- Susan Ji
- Sebastiano Manzan
- Victor Martinez
- Rajarishi Nahata
- Jonathan Wang
- Bin Wei
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Lecturer:
- Eduardo Malca
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Distinguished Lecturer:
- Michael Carew
The Bert W. Wasserman Department of Economics and Finance offers courses that enable students to prepare for careers in all areas of finance and business economics.
Economics presents theories and tools for systematic analyses of economic forces that affect everyday life. It includes microeconomics, macro-economics, and international economics. Micro-economics analyzes the actions and interactions of individual consumers, business, and government. Macroeconomics studies national income, inflation, unemployment, economic growth, and government policies. International economics builds on micro- and macro-economics to study international trade, finance, markets, and institutions.
Finance includes the study of money and capital markets, investments, and corporate finance. In addition to these traditional areas, it includes the study of modern develop - ments in derivatives; financial market structure, such as electronic-based trading techniques and markets; and international markets and corporate finance.
The finance major prepares students for professional positions in financial institutions, including commercial, investment, and savings banks; brokerage firms; insurance companies; investment advisory services; and finance companies. Students will also be well prepared to enter the finance departments of nonfinancial corporations, nonprofit institutions, and governmental agencies.
Students who are planning on future graduate study in finance or business are strongly recommended to include advanced courses in mathematics, statistics, and econometrics in their undergraduate programs.
Required courses for the BBA degree include ECO 1001, ECO 1002, and FIN 3000. FIN 3000 is a prerequisite to all other finance courses.
The finance major includes three required courses (9 credits) and five electives (15 credits).
Required Courses 9 credits
The three required courses build on the foundations of the introductory finance course. These courses are prerequisites to all 4000-level finance courses. Students must earn a GPA of 2.0 or better in the three required courses to take any of the 4000-level finance courses.
| FIN 3610 | Corporate Finance | 3 credits |
| FIN 3710 | Investment Analysis | 3 credits |
| ECO 4000 | Statistical Analysis for Economics and Finance | 3 credits |
Elective Courses 15 credits
The finance major includes five elective courses that students take after completing the three required courses with a 2.0 GPA or better. The five electives include five courses in finance, economics, insurance, or real estate finance at the 3000 or 4000 level, subject to these specific requirements:
Either FIN 4610 or 4710: These are the capstone courses in the finance major, and both are “communication-intensive courses” (CIC)
Two additional 4000-level finance (FIN) courses (Note: The choice of FIN 4610 above does not preclude FIN 4710, and vice versa. In other words, students may include both FIN 4610 and FIN 4710 in the finance major if they choose.)
Two additional 3000- or 4000-level courses in finance (FIN), economics (ECO), insurance (INS), or real estate (RES)
In addition, students may include, at most, two of these courses outside finance:
| ACC 3000 | Financial Accounting I | 3 credits |
| ACC 3100 | Financial Accounting II | 3 credits |
| RES 3200 | Property Investment and Financing | 3 credits |
| RES 3400 | Real Estate Capital Markets | 3 credits |
| RES 4200 | Investment Strategies in Property Markets | 3 credits |
| RES 4400 | Valuations and Underwriting of Securitized Real Estate | 3 credits |
An internship training program is available to qualified fulltime seniors majoring in finance, with 3 credits a semester for 20 weekly hours of work and for no more than two semesters. These credits cannot be counted toward those needed for the major.
Students must file a Major Declaration Form by the end of their junior year.
A BBA degree with a major in economics prepares students for entry-level positions in business, nonprofit organizations, governmental agencies, and private consulting. This work includes economic analysis, research, and empirical analysis.
Students choosing an economics major are advised that a position as a professional economist usually requires a graduate degree in economics. Students planning to enter a graduate program in economics are strongly recommended to include advanced courses in mathematics, statistics, and econometrics in their undergraduate programs.
Required courses for the BBA degree include ECO 1001 and ECO 1002, courses that form the foundation of knowledge in micro- and macro-economics, respectively. These courses are prerequisites for all other economics courses.
The economics major includes three required courses (9 credits) and five electives (15 credits).
Required Courses 9 credits
The three required courses build on the foundations of the introductory micro- and macro-economics courses. Economics majors should plan on taking all three, especially ECO 4000, as early in their major program as possible.
| ECO 3100 | Intermediate Micro-Economics | 3 credits |
| ECO 3200 | Intermediate Macro-Economics | 3 credits |
| ECO 4000 | Statistical Analysis for Economics and Finance | 3 credits |
Elective Courses 15 credits
In addition to the three required courses, an economics major must take a meaningful combination of five economics, finance, or insurance courses at the 3000 level or higher. Of these five courses, at least two must be economics courses at the 4000 level or higher. FIN 3000 may not be included in the economics major. When appropriate, a student may include up to two advanced courses from other disciplines in the five electives.
An internship training program is available to qualified full-time seniors majoring in economics, with 3 credits a semester for 20 weekly hours of work and for no more than two semesters. These credits cannot be counted toward those needed for the major.
Students must file a Major Declaration Form by the end of their junior year.
A BA degree with a major in economics deals with concepts, techniques, and cases in economics that acquaint the student with the general economic problems of modern society. This degree provides students with an excellent general background for a wide range of challenging business careers.
There are several prerequisites for the major. The major itself includes three required courses (9 credits) and five electives (15 credits).
| Prerequisites to the Major 12 or 13 credits | ||
| Not Credited to the Major |
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| Economics 6 credits | ||
| ECO 1001 | Micro-Economics | 3 credits |
| ECO 1002 | Macro-Economics | 3 credits |
| Statistics 3 credits | ||
| STA 2100 | Statistics for Social Science | 3 credits |
| or | ||
| STA 2000 | Business Statistics I | 3 credits |
| Mathematics 3-4 credits | ||
| MTH 2003 | Pre-calculus and Elements of Calculus | 4 credits |
| or | ||
| A more advanced course in Calculus | 3 or 4 credits | |
Required Courses in the Major 9 credits The three required courses build on the foundations of the introductory micro- and macro-economics courses, ECO 1001 and ECO 1002. Economics majors should plan on taking all three of the required courses, especially ECO 4000, as early in their major program as possible. |
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| ECO 3100 | Intermediate Micro-Economics | 3 credits |
| ECO 3200 | Intermediate Macro-Economics | 3 credits |
| ECO 4000 | Statistical Analysis for Economics and Finance | 3 credits |
Elective Courses 15 credits The BA economics major includes five elective courses, at least two of which must be at the 4000 level or higher, chosen from the following list: |
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| BLS 3015 | Black Economic Development: 1860 to the Present |
3 credits |
| BLS 3016 or HSP 3016 |
Urban Economic Structure |
3 credits |
| ECO 3110 | Industrial Organization and Public Policy |
3 credits |
| ECO 3220 | Money, Banking, and Monetary Policy |
3 credits |
| ECO 3250 | International Economics and Finance |
3 credits |
| ECO 3310 | Principles of Public Finance |
3 credits |
| ECO 3400 | Evolution of Economic Thought | 3 credits |
| ECO 3501 | Economics of Labor |
3 credits |
| ECO 4100 | Advanced Micro-Economics |
3 credits |
| ECO 4200 | Advanced Macro-Economics |
3 credits |
| ECO 4201 | Monetary Economics |
3 credits |
| ECO 4300 | Mathematical Economics |
3 credits |
| ECO 4501 | Advanced Labor Economics (3503) |
3 credits |
| HIS 3410 | History of American Business Enterprise |
3 credits |
| PAF 3101 | Public Finance/Managing Public Resources |
3 credits |
| PAF 3102 | Economic Analysis and Public Policy |
3 credits |
| PHI 3050 | Ethics, Economics, and the Business System |
3 credits |
| POL 3103 | Political Economy |
3 credits |
| POL 3315 | Government and the American Economy |
3 credits |
As with all BA majors, the Tier III minor must be completed outside the department of the student’s major. A student majoring in economics cannot minor in finance. |
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The Bert W. Wasserman Department of Economics and Finance recently intro duced a Tier III minor in economics. The Tier III minor is 9 credits (three courses) and consists of two 3000-level courses and a relevant 4000-level, economics communication-intensive capstone course. All 4000-level economics courses, with the exception of ECO 4000, are communication-intensive courses. Finance majors are eligible to take the Tier III minor in economics, but they must remember that courses used to fulfill the Tier III minor may not be used to fulfill the 24-credit major requirement.
The Minor - Economics and Finance
A minor in economics consists of any three courses listed below. Each course is 3 credits, for a total of 9 credits.
| ECO 3100 | Intermediate Micro-Economics |
| ECO 3200 | Intermediate Macro-Economics |
| ECO 3220 | Money, Banking, and Monetary Policy |
| ECO 3250 | International Economics and Finance |
| ECO 3310 | Principles of Public Finance |
| ECO 3501 | Economics of Labor |
| ECO 4000 | Statistical Analysis for Economics and Finance |
| ECO 4100 | Advanced Micro-Economics |
| ECO 4200 | Advanced Macro-Economics |
| ECO 4201 | Monetary Economics |
| FIN 3610 | Corporate Finance |
| FIN 3710 | Investment Analysis |
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