Econometrics connects many academic disciplines such as mathematics, statistics, economics, finance, and business studies. It is primarily concerned with the science and art of using economics theory and statistical techniques to analyze economic data. The Econometrics and Quantitative Economics concentration provides students with quantitative economics reasoning. It prepares them for analytical positions in industry and government, as well as to enter a graduate program of studies. Students will learn how to use econometrics to understand consumer behavior, markets, and industries. In addition, students will learn how to use game theory and experimental methods commonly used in psychology to understand individual and interactive decision-making.
The Econometrics and Quantitative Economics concentration is restricted to Economics majors only.
Economic Policy Concentration
The Economic Policy concentration provides students with a broad set of competencies and a broad range of applications of economics theory, focusing on evaluating economic policies and measuring the success or failure of government programs. Students can choose courses that will help them explore various areas, including law, trade, competition, monetary, environment, healthcare, labor, and development. Students will be prepared for careers in industry and government, as well as graduate studies in law, business, and public policy.
The Economic Policy concentration is restricted to Economics majors only.
Banking & Financial Services Concentration
The Banking and Financial Services concentration provides undergraduate students with a background in the institutional and regulatory environment and management issues facing financial institutions. Students will learn the fundamental theories of financial intermediation and will be able to distinguish the various services financial institutions provide. Students will also learn how to identify and analyze the different types of risks faced by financial institutions (focusing on interest rate risk, market risk, liquidity risk, and credit risk). Theories and techniques available for measuring and managing these risks will be studied. The sequence of courses aims to develop a knowledge of banking and financial services to prepare the students for entry-level positions within the financial services sector.
The Banking and Financial Services concentration is restricted to Finance majors only.
Financial Engineering Concentration
The Financial Engineering concentration equips students with the knowledge, skills, and abilities necessary to measure and manage various market risks, including foreign exchange, interest rate, equity price, commodity price, as well as many others. Students in this concentration will learn state-of-the-art quantitative techniques for efficiently and effectively managing market risks. With these capabilities, students will be able to contribute to the optimal management of a host of entities, including global corporations, municipalities, pension funds, and endowments, among others.
The Financial Engineering concentration is restricted to Finance majors only.
Value Investing Concentration
The Value Investing concentration provides students with a strong foundation for examining the critical aspects of investment decisions, including generating good ideas, conducting fundamental business and industry research, analyzing financial statements, and credibly estimating what businesses and companies are worth. The focus is on practical applications. Students will be prepared for various business careers, including investment management, investment banking, private equity, management consulting, corporate business development, corporate finance, and entrepreneurship.
The Value Investing concentration is restricted to Finance majors only.