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This bulletin is the official Baruch College Undergraduate Bulletin that all students should reference – do not reference the bulletin listed on the website of CUNY’s University Registrar. For curriculum questions, please contact the Dean’s Office of the applicable school.

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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 developments in derivatives; financial market structure, such as electronic-based trading techniques and markets; and international markets and corporate finance.

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The same course cannot be applied to both a student's major and minor.


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major

The Majors

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The BBA Major in Finance

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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.


Program Learning Goals

Corporate FinanceStudents will develop an understanding of the key concepts of time value of money, corporate finance models for project valuation, and basic capital structure and dividend theory.
InvestmentsStudents will be able to define and calculate standard risk and return measures, value simple equity and bonds securities, and explain the modern portfolio theory and the capital asset pricing model.
DerivativesStudents will understand the basic applications of derivatives in investments and corporate finance and will be able to discuss the characteristics of derivative products.
Data AnalysisStudents will be able to analyze data and estimate models for project valuation to support business decisions

 


Required courses for the BBA degree include

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,
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, and
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.  FIN 3000 is a prerequisite to all other finance courses.

The finance major includes three required courses (9 credits) and five electives (15 credits). Liberal arts courses applied in this major will count towards the 54 business credit minimum instead of the 62 liberal arts credit minimum.

 


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.

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FIN 3610

Corporate Finance

3 credits

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FIN 3710

Investment Analysis

3 credits

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ECO 4000

Statistical Analysis for Economics and Finance

3 credits


Elective Courses 15 credits

In addition to the three required courses, a student majoring in finance must take a meaningful combination of five elective finance, economics, or insurance courses at the 3000 level or 4000 level. Of these five courses, at least three of the five must be 4000 level finance courses, and at least one of the 4000 level finance courses must be FIN 4610 or FIN 4710. Students may use one or two courses from the following list as major electives:

 


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ACC 3000

Financial Accounting I

3 credits

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ACC 3100

Financial Accounting II

3 credits

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RES 3200

Property Investment and Financing

3 credits

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RES 3400

Real Estate Capital Markets

3 credits

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RES 4200

Investment Strategies in Property Markets

3 credits

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RES 4400

Valuations and Underwriting of Securitized Real Estate

3 credits

Note: Internship course credits cannot be counted toward credits required for the major. 


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The BBA Major in Economics

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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.


Program Learning Goals

Consumer and Firm behaviorStudents will develop understanding of models of consumer and firm choices and evaluate their role in real-life decisions
Markets and CompetitionStudents will be able to differentiate market structures and compare their implications for the determination of market prices
GrowthStudents will be able to discuss and analyze the driving factors behind the long-run growth performance of nations
Business Cycle and Economic PolicyStudents will be able to identify the causes of the short-run fluctuations of the economy and formulate and assess fiscal and monetary policies to mitigate the economic and social cost
Data and Economic DecisionsStudents will be able to analyze data and estimate models to explain economic relationship and to support business decisions

 


Required courses for the BBA degree include 

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and
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, 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). Liberal arts courses applied in this major will count towards the 54 business credit minimum instead of the 62 liberal arts credit minimum.

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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.

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Intermediate Micro-Economics

3 credits

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Intermediate Macro-Economics

3 credits

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Statistical Analysis for Economics and Finance

3 credits

 


Elective Courses 15 credits

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Note: Internship course credits cannot be counted toward credits required for the major. 


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The BA Major in Economics

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Major Course Requirements

Prerequisites to the Major      (18-19 credits)

(Not Credited to the Major)       

Course

Description

Crs

Business Courses      (15 credits)

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Introduction to Business

3 credits

or

 

 



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1011

2000
DisciplineBUS
(formerly BUS 1011)

Business Fundamentals: The Contemporary Business Landscape

3 credits

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DisciplineCIS

Introduction to Information Systems and Technologies

3 credits

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CourseNumber1001
DisciplineECO

Micro-Economics

3 credits

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DisciplineECO

Macro-Economics

3 credits

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CourseNumber2000
DisciplineSTA

Business Statistics I *

3 credits

 

 

 




Mathematics      (3-4 credits) **

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Precalculus and Elements of Calculus 1A

3 credits

or

 

 



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Precalculus

3 credits

or

 

 



A more advanced calculus course

3-4  credits

NOTES:

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(previously 
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DisciplineSTA
) is not applicable to the major.

** Students with credit for 

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DisciplineMTH
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, or 
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must complete a calculus course, typically,
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.

 

 

 

 




Required Courses in the Major      (9 credits)

The three required courses build on the foundations of the introductory micro- and macro-economics courses, 

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CourseNumber1001
DisciplineECO
and
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DisciplineECO
. Economics majors should plan on taking all three of the required courses, especially
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CourseNumber4000
DisciplineECO
, as early in their major program as possible.

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CourseNumber3100
DisciplineECO

Intermediate Micro-Economics

3 credits

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DisciplineECO

Intermediate Macro-Economics

3 credits

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CourseNumber4000
DisciplineECO

Statistical Analysis for Economics and Finance

3 credits

 


Elective Courses      (15 credits)
PLEASE NOTE:

  • Six (6) of the major’s elective credits must be 4000-level ECO courses
  • At least one of the 4000-level ECO courses must be a 3-credit communication-intensive (CIC) capstone course.
  • With the exception of
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    DisciplineECO
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    DisciplineECO
    (1 credit), 
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    CourseNumber4092
    DisciplineECO
    (2 credits), 
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    CourseNumber4093
    DisciplineECO
    (3 credits),
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    DisciplineECO
    (1.5 credits), and
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    DisciplineECO
    , all 4000-economics level courses are CIC. 
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    CourseNumber4093
    DisciplineECO
    (the 3-credit special topics course) may be communication-intensive, depending on the course material. Students are required to check CUNYfirst section descriptions to determine any given topic’s CIC status.
The elective courses for BA in Economics should be chosen from the list below:

Any 3000 or 4000 level ECO course

1-3 credits each

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Black Economic Development: 1860 to the Present

3 credits

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DisciplineBLS

Urban Economic Structure (

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DisciplineLTS
)

3 credits

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DisciplineHIS

History of American Business Enterprise

3 credits

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DisciplinePAF

Economic Analysis of Public Policy 

3 credits

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DisciplinePAF

Economics of the Public Sector

3 credits

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DisciplinePHI

Ethics, Economics, and the Business System

3 credits

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DisciplinePOL

Political Economy

3 credits

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DisciplinePOL

Government and the American Economy 

3 credits

 As with all BA majors, the liberal arts minor must be completed outside the department of the students major. A student majoring in economics cannot minor in finance.

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Below is a list of capstone courses that have been regularly offered in recent years, along with the matching lower-level courses that could constitute an Economics minor.

CapstonePrerequisiteThird course

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(Advanced Microeconomics)

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DisciplineECO
(Intermediate Micro-Economic Theory)

any 3000- or 4000-level economics course

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DisciplineECO
(Advanced Macroeconomics)

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DisciplineECO
(Intermediate Macro-Economic Theory)

any 3000- or 4000-level economics course

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CourseNumber4201
DisciplineECO
(Monetary Economics)

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CourseNumber3200
DisciplineECO
(Intermediate Macro-Economic Theory)

any 3000- or 4000-level economics course

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DisciplineECO
(Financial Econometrics, offered infrequently)

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DisciplineECO
(Statistical Analysis for Economics and Finance)
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DisciplineECO
or
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DisciplineECO

Note: Students should also be aware that not every course will be offered every semester, therefore, they should ensure that the program they select is flexible and are advised to check with the Department of Economics and Finance (VC 10-225, (646) 312-3450) prior to the beginning of each term regarding course availability.

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A minor in economics and finance requires 9 credits using any combination of the courses listed below:

Any 3000- or 4000-level ECO courses.
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FIN 3610

Corporate Finance

3 credits
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FIN 3710

Investment Analysis

3 credits

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Courses

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Courses in Economics (ECO)
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ECO 1001

Micro-Economics

3 credits

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ECO 1002

Macro-Economics

3 credits

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ECO 1110

Current Economic Problems

3 credits

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ECO 3093

Special Topics in Economics3 credits
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ECO 3094

Special Topics in Economics1.5 credits
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ECO 3100

Intermediate Micro-Economics

3 credits

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ECO 3110

Industrial Organization and Public Policy

3 credits

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ECO 3140

Game Theory3 credits
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ECO 3200

Intermediate Macro-Economics

3 credits

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ECO 3220

Money, Banking, and Monetary Policy

3 credits

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ECO 3250

International Economics and Finance

3 credits

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ECO 3310

Principles of Public Finance

3 credits

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ECO 3501

Economics of Labor

3 credits

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ECO 4000

Statistical Analysis for Economics and Finance

3 credits

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ECO 4010

Applied Micro-Econometrics3 credits
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ECO 4050

Economic and Business Forecasting

3 credits

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ECO 4051

Financial Econometrics

3 credits

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ECO 4093

Special Topics in Economics

3 credits

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ECO 4094

Special Topics in Economics

1.5 credits

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ECO 4100

Advanced Micro-Economics

3 credits

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ECO 4120

Behavioral Economics3 credits

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DisciplineECO

 


The Economics of International Trade (formerly International Trade)
 

3 credits
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ECO 4200

Advanced Macro-Economics

3 credits

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ECO 4201

Monetary Economics

3 credits

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ECO 5000

Independent Research in Economics

3 credits

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ECO 5010

Internship in Economics I

3 credits

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ECO 5011

Internship in Economics II

3 credits

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ECO 6001H

Honors Economics I

3 credits

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ECO 6002H

Honors Economics II

3 credits

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Courses in Finance (FIN)
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FIN 1601

Personal Finance

3 credits

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Principles of Financial Planning and Individual Investing1.5 credits
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FIN 3000

Principles of Finance

3 credits

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FIN 3093

Special Topics in Finance3 credits
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FIN 3094

Special Topics in Finance1.5 credits
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FIN 3610

Corporate Finance

3 credits

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FIN 3710

Investment Analysis

3 credits

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FIN 4093

Special Topics in Finance

3 credits

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FIN 4094

Special Topics in Finance

1.5 credits

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FIN 4610

Advanced Corporate Finance

3 credits

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FIN 4710

Advanced Investment Analysis

3 credits

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FIN 4720

Futures Markets

3 credits

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FIN 4730

Equity Markets: Trading and Structure

3 credits

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FIN 4750

Options

3 credits

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FIN 4775

Technical Analysis

3 credits

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FIN 4780

Introduction to Microfinance

3 credits

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FIN 4808

Risk Management in Financial Institutions I

3 credits

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FIN 4810

Risk Management in Financial Institutions II3 credits
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FIN 4910

International Financial Markets

3 credits

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FIN 4920

International Corporate Finance

3 credits

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FIN 4930

Mergers and Acquisitions

3 credits

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FIN 5000

Independent Research in Finance

3 credits

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FIN 5610

Internship in Finance I

3 credits

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FIN 5611

Internship in Finance II

3 credits

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FIN 6001H

Honors Finance I

2 terms; 6 credits

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FIN 6002H

Honors Finance II

2 terms; 6 credits

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Courses in Insurance (INS)
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INS 3050

Risk and Risk Management

3 hours; 3 credits

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INS 3200

Life and Health Insurance

3 hours; 3 credits

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INS 3300

Property and Liability Insurance

3 hours; 3 credits

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