Eric Abrams, Ph.D., Assistant Professor of Economics;
ebabrams@mckendree.edu; (618) 537-6553; Eisenmayer 208

Christopher K. Dussold, Ph.D., C.F.A.,
Assistant Professor of Accounting and Economics/Finance;
ckdussold@mckendree.edu; (618) 537-6988; Piper Academic Center 107

Brian Parsons, Ph.D., C.P.A., Assistant Professor of Finance;
bparsons@mckendree.edu; (618) 537-6904; Piper Academic Center 106

Frank Spreng, Ph.D., C.M.A, J.D, Professor of Economics,
Director of the MBA Program;
fspreng@mckendree.edu; (618) 537-6902; Piper Academic Center 100

Economics and Finance students focus on the study of the allocation of resources with
an emphasis on community, business and financial resources. In particular, students
will be able to develop and interpret operating budgets, capital budgets, investment
portfolios, and develop and manage capital structure. After studying economics,
students will be able to use tools like opportunity costs, supply, demand, marginal
analysis, the equation of exchange, and the theory of trade. To be effective in these
activities, students will develop their oral and written communication skills, their critical
thinking skills, and their numerical skills.
     The major in Economics and Finance provides a solid academic base and opens
a number of career options. Such career options include positions in commercial
banking, the securities business, financial planning, government agencies, and financial
consulting. The major also provides a sound foundation for post graduate studies in
finance, economics and business administration.
    To receive a Bachelor of Business Administration degree in Economics and
Finance, the student must successfully complete the business core and the major
requirements listed below. The student must complete all work applied to the major
with a minimum cumulative grade point average of 2.25. Any business course outside
of the business core may be applied toward the completion of requirements for only one
business major or minor. The Pass/C-/D/Fail option may not be chosen for a course ful-
filling a major or minor requirement.

ECONOMICS & FINANCE MAJOR: 60 crs.
Business core requirements 39 crs.
ACC 261 PRINCIPLES OF ACCOUNTING I (4)
ACC 262 PRINCIPLES OF ACCOUNTING II (4)
ECO 211 PRINCIPLES OF MICROECONOMICS (3)
ECO 212 PRINCIPLES OF MACROECONOMICS (3)
BUS 303 BUSINESS LAW I (3)
or
BUS 304 BUSINESS LAW II (3)
FIN 308 PRINCIPLES OF BUSINESS FINANCE (3)
BUS 310 QUANTITATIVE ANALYSIS FOR BUSINESS DECISIONS (3)
MTH 310 STATISTICS (4)
MGT 204 PRINCIPLES OF MANAGEMENT (3)
MKT 205 PRINCIPLES OF MARKETING (3)
BUS 410 MANAGEMENT INFORMATION SYSTEMS (3)
or
ACC 321 ACCOUNTING INFORMATION SYSTEMS (3)
MGT450 BUSINESS STRATEGY AND POLICY (3)

Economics and Finance major requirements 21 crs.
ECO 309 MONEY AND BANKING (3)
ECO 353 MANAGERIAL ECONOMICS (3)
FIN 360 FINANCIAL MANAGEMENT-APPLICATIONS & CASES (3)
Plus four Economics and Finance electives (12)
at least two of which must be at the 300-400 level.

ECONOMICS MINOR: 22 crs.
The minor in Economics is available to students in any major. To receive a minor, the
student must complete the required courses listed below and a minimum of six credit
hours of economics (ECO) electives at the 300-400 level. The student must complete
work applied to the minor with a minimum of a 2.25 cumulative grade point average.

ECO 211 PRINCIPLES OF MICROECONOMICS (3)
ECO 212 PRINCIPLES OF MACROECONOMICS (3)
ECO 309 MONEY AND BANKING (3)
ECO 353 MANAGERIAL ECONOMICS (3)
MTH 310 STATISTICS (4)
and two additional upper level Economics courses (6)

FINANCE MINOR: 22 crs.
The minor in Finance is available to students in any major. To receive a minor, the student
must complete the required courses listed below and a minimum of six credit
hours of finance (FIN) electives at the 300-400 level. The student must complete work
applied to the minor with a minimum of a 2.25 cumulative grade point average.

ACC 261 PRINCIPLES OF ACCOUNTING I (4)
ECO 211 PRINCIPLES OF MICROECONOMICS (3)
FIN 308 PRINCIPLES OF BUSINESS FINANCE (3)
FIN 355 INVESTMENTS (3)
FIN 360 FINANCIAL MANAGEMENT – APPLICATIONS & CASES (3)
and two additional upper level Finance courses. (6)
ACC 262 is recommended for students completing this minor.

ECONOMICS AND FINANCE ELECTIVES
ACC 352 FEDERAL INCOME TAX (3)
ECO 350 CURRENT ECONOMIC ISSUES (3)
ECO 351 LAW AND ECONOMICS (3)
ECO 352 LABOR ECONOMICS (3)
ECO 380 TOPICS IN ECONOMICS (3)
ECO 470 INTERNSHIP IN ECONOMICS (3)
ECO 480 INDEPENDENT STUDY IN ECONOMICS (1-3)
FIN 306 CONSUMER FINANCE (3)
FIN 355 INVESTMENTS (3)
FIN 380 TOPICS IN FINANCE (3)
FIN 470 INTERNSHIP IN FINANCE (3)
FIN 480 INDEPENDENT STUDY IN FINANCE (1-3)

ECO 211 PRINCIPLES OF MICROECONOMICS (3)
Analysis of individual decision making and the firm’s decision making regarding the allocation of
resource inputs and pricing of outputs. Each semester.

ECO 212 PRINCIPLES OF MACROECONOMICS (3)
Introduction to major areas of macroeconomic theory and policy. Topics include national income, fiscal
policy, monetary policy, international trade and economic growth. Prerequisite: ECO 211. Each semester.

ECO 309 MONEY AND BANKING (3)
An introduction to monetary standards and theories, commercial banking structure and operations, monetary and fiscal policy implementation, central banking and the Federal Reserve System. Prerequisites: ECO 211 and 212. Same as FIN 309. Annually, Fall.

ECO 350 CURRENT ECONOMIC ISSUES (W) (3)
Focus on the role of markets in guiding human behavior. Emphasis will be on the market viewpoint of
selected issues. Prerequisites: ECO 211 and 212. As needed.

ECO 351 LAW AND ECONOMICS (3)
The focus of this course is the intersection between principles of economics and the role of law as a guiding force for human behavior. The approach is to consider various legal topics from a microeconomicpoint of view. Legal topics are selected from among regulation of markets, legal procedure, tort, criminal,property, contract, tax, and corporate law. Prerequisite: Econ 211. As needed.

ECO 352 LABOR ECONOMICS (3)
Modern labor issues like labor markets, wages and fringe benefits, human capital, income distribution,
labor unions and collective bargaining are studied. Prerequisite: ECO 211. As needed.

ECO 353 MANAGERIAL ECONOMICS (3)
Application of microeconomics to managerial and organizational decision making. Strong emphasis is
placed on student problem solving and case analysis. Prerequisites: ECO 211 and 212. It is desirable for students to have completed MGT 204 and MTH 310. Annually. Fall.

ECO 380-389 TOPICS IN ECONOMICS (3)
As needed.

ECO 470 INTERNSHIP IN ECONOMICS (3-8)

ECO 480 INDEPENDENT STUDY IN ECONOMICS (1-3)

FIN 306 CONSUMER FINANCE (3)
A basic course in personal finance. Topics include: financial planning, establishing credit, purchasing a
home and planning an insurance program. Open to all majors. Prerequisite: ECO 211. As needed.

FIN 308 PRINCIPLES OF BUSINESS FINANCE (3)
Basic financial management of the business firm involving procurement, allocation and control of funds with the objective of maximizing shareholder wealth. Prerequisites: ACC 262 and ECO 211. Each semester.

FIN 309 MONEY AND BANKING
An introduction to monetary standards and theories, commercial banking structure and operations, monetary and fiscal policy implementation, central banking and the Federal Reserve System. Prerequisites: ECO 211 and 212. As needed. Same as ECO 309. As needed.

FIN 355 INVESTMENTS (W) (3)
This course studies financial assets and their allocation in efficient portfolios with emphasis on equities
and fixed income securities. Major topics include financial asset valuation, risk and return, market effi-
ciency and asset allocation. Prerequisite: FIN 308. As needed.

FIN 360 FINANCIAL MANAGEMENT-APPLICATIONS & CASES (3)
Application of basic financial techniques and principles in financial administration, policy, and decision
making. The case-study method is used. Prerequisites: FIN 308, MTH 310. Annually, Spring.

FIN 380-389 TOPICS IN FINANCE (3)

FIN 470 INTERNSHIP IN FINANCE (3-8)

FIN 480 INDEPENDENT STUDY IN FINANCE (1-3)