Economics and Finance
The Department of Economics and Finance delivers courses of study in the fields of economics and finance. College of Business students can earn a Bachelor of Business Administration (BBA) degree in Economics or Finance. We also offer a double major in both Economics and Finance. Lamar students who are not majoring in business can earn a minor in Economics.
Economics is a social science that brings to light valuable insights about the subtle forces that shape our world. It answers broad questions such as what kind of underlying economic fundamentals lead to financial crises, what can we do as individuals, households, communities, and nations to improve our economic well-being, and how do prices change in response to changes in supply and demand. Economics provides ways of thinking about how to allocate resources for maximum advantage. Many students earn a BBA in Economics prior to applying for law school and students majoring in Political Science often choose to pursue a minor in Economics.
The study of finance provides students with the theoretical background and analytical tools to make intelligent and effective judgments in finance. Much of finance centers on determining the value of financial assets such as stocks, bonds, and derivatives. Terms such as puts, calls, futures, swaps, bulls, and bears lose their mystique to students grounded in the field of finance. A solid understanding of finance enables our graduates to help businesses, governments, and individuals make better decisions about investing and financing. Upon graduating, many students find work at financial institutions, such as banks, insurance companies, investment advisors, personal financial planners, or mutual fund companies. Others go on to work for corporations or government units, helping them to choose the right investments, obtain financing, allocate their resources, and manage their risk.
The Bachelor of Business Administration in Economics aims to meet the needs of students seeking a broad understanding of the economic principles that govern economic and business activity. Students learn to think critically about a variety of social issues such as the consequences of welfare payments and minimum wage laws, the role of government, and the effects of taxes. Students completing this program acquire a solid foundation for careers in business, economics, government, and law. This program also prepares students for graduate study in economics. Your professors and course work will teach you the art of thinking logically, which will smooth the path to success in any field.
The Bachelor of Business Administration degree in Finance gives the student a broad education in financial markets and institutions, investments, and the financial management of for-profit and non-profit organizations. Graduates with a finance degree are qualified to give businesses guidance on raising additional funds, purchasing new equipment, expanding existing facilities, managing cash, and granting credit to customers. Finance graduates are prepared for careers in business financial management, commercial and investment banking, investment management, government finance, insurance, and real estate.
Many finance classes are held in the Fecel Financial Center, a state-of-the-art financial information lab. This facility enables students to conduct financial market research in preparation for their future career. In these classes, students acquire experience solving real-world business problems in real time using the same sophisticated technology found at Wall Street firms. Students taking the investments class manage the Lamar University Student Managed Investment Fund, a $400,000 portfolio of real money. Lamar students also participate in the annual Global Asset Management Education (GAME) forum in New York City and travel to Houston to visit the Federal Reserve Bank.