The academic mission of the department of finance is to provide an educational experience that:
Students who elect to major in finance can choose from one of five concentrations. This choice should reflect the student's primary career focus and electives listed in other finance concentrations should be used to complement the coursework in the chosen concentration. Careers in finance that are analytically oriented will generally require proficiency in accounting, economics, and quantitative methods. In contrast, careers in finance that are sales or management oriented will generally require marketing and management skills. Finance majors are strongly encouraged to consult with departmental faculty advisers and/or the department chair in developing their curriculum.
A new study by researchers in the Department of Finance at the University of Arkansas finds that household overreaching drove the foreclosure crisis. The authors find that most households in foreclosure were relatively affluent and highly educated people living in geographical areas that experienced extremely rapid real-estate appreciation. Predatory lending played a smaller role. The researchers are careful not to excuse Wall Street banks for their role in the crisis because reckless lending enabled households to become dangerously leveraged. An important implication of this study is that the Federal Reserve will have to get into the business of recognizing and limiting asset price bubbles. [ view / download paper ]