Requirements for the Bachelor of Science Degree* with a

  Applied Statistics I (4 credits)

Introduces the tools of statistical analysis. Combines theory with extensive data collection and computer-assisted laboratory work. Develops an attitude of mind accepting uncertainty and variability as part of problem analysis and decision-making. Topics include: exploratory data analysis and data transformation, hypothesis testing and the analysis of variance, simple and multiple regression with residual and influence analyses.

  Calculus I (4 credits)

Introduces differential and integral calculus. Develops the concepts of calculus as applied to polynomials, logarithmic, and exponential functions. Topics include: limits, derivatives, techniques of differentiation, applications to extrema and graphing; the definite integral; the fundamental theorem of calculus, applications; logarithmic and exponential functions, growth and decay; partial derivatives. Appropriate for students in the biological, management, computer and social sciences.

  Linear Algebra (3 credits)

Treats applications in economics and computer science, limited to Euclidean n-space. Topics include: the linear structure of space, vectors, norms and angles, transformations of space, systems of linear equations and their applications, the Gauss Jordan method, matrices, determinants, eigenvalues and eigenvectors. Uses Mathematica for graphics and algorithms.

  Financial Accounting (3 credits)

Introduces the basics of financial accounting and reporting for corporations. Studies how to measure and record accounting data and prepare financial statements. Emphasizes the effects of transactions on the financial condition of a company and explores the technical aspects of the principles underlying published financial statements.

  Managerial Accounting (3 credits)

Provides a basic introduction to the concepts of accounting for purposes of management control and management decision-making. Topics include: budgeting, budget variance analysis, break-even analysis, product cost accounting, and relevant cost analysis.

  Finance and Accounting for Multinationals (3 credits)

Introduces the financial and accounting practices unique to a multinational enterprise. Includes exchange rate calculations, business combinations by purchase and stock swaps, consolidated financial reports, translation and transaction exposure and hedging methods (forward trading, money markets, futures, and options) used to offset such exposure.

  Corporate Finance (3 credits)

Examines finance as the practical application of economic theory and accounting data in the procurement and employment of capital funds. Applies the principles of strong fiscal planning and control to asset investment, and debt and equity financing decisions. Emphasizes sound leveraging in view of the time value of money, subject to the pernicious effects of taxation and inflation.

  Principles of Microeconomics (3 credits)

Focuses on the role played by relative market prices in our society and on the forces of market demand and supply in determining these prices. Since the actions of consumers and firms underlie supply and demand , the course studies in detail the behavior of these two groups.

  Principles of Macroeconomics (3 credits)

Examines the determinants of the levels of national income, employment, rates of interest, and prices. Studies in detail the instruments of monetary and fiscal policy, highlighting the domestic and international repercussions of their implementation.

  Introduction to International Economic Relations (3 credits)

Deals with the mechanisms of international trade and finance. Topics covered include the theory of trade, commercial policy, the international monetary system, the balance of payments adjustments process, regional economic integration, and the role of international organizations in international economic relations.

  International Monetary Economics (3 credits)

Covers the monetary aspect of international trade theory. Discusses the balance of payments and the exchange rate with reference to the institutional framework, focusing on demand management or, more generally, the pursuit of the major economic goals in an open economy. Relates basic theory to current international problems, using a policy-oriented approach.

  International Financial Markets (3 credits)

Covers topics such as foreign exchange markets, eurocurrency, eurobonds, international stock markets, interaction and integration of national and international money and stock markets, regulation of eurocurrency markets. Analyzes the uses and valuation of international financial instruments and arbitrage relationships concerning such instruments. Problems are assigned.

  Money, Banking, and Finance (3 credits)

Presents an analysis of the general principles of monetary theory, the role of money, commercial banking and the Federal Reserve System, as they relate to the performance of the economic system. Considers current problems concerning inflation and the use of monetary policy and financial controls. The Internet is used extensively as a pedagogical and research tool.

  Investment Analysis (3 credits)

Introduces the processes and analytical tools necessary for investment decision-making. Provides the basic skills, modes of analysis and institutional background useful to work in the investment area of finance firms or as an individual investor. Students who successfully complete the course are expected to be able to work in the field or to continue their specialization in Security Analysis or Portfolio Management.

  Multinational Business Finance (3 credits)

Deals with the theory and practice of multinational financial management. Topics include: foreign exchange risk management, multinational working capital management, managing intracorporate funds flows, foreign investment analysis, financing foreign operations, and multinational management information systems.

  Computational Finance (3 credits)

This course is an introduction to numerical techniques for the valuation and hedging of financial investment instruments such as options and other derivatives. It emphasizes the implementation and use-selected models, and links them to related optimization techniques, such as stochastic programming. It is aimed at providing the basic necessary analytical skills useful to working in financial firms and investment banks.

  Internship (6 credits)

All Finance majors are required to complete two 3-credit internships (minimum 120 working hours each). The internships may be done in France or elsewhere. Most internships require fluency in French.

General electives to total 120 credits can be chosen from any other degree program in the university.  See AUP Catalog for details.