Finance is the study of the direct and indirect transfer of funds from those who save to those who invest. It includes both the financial instruments which are bought and sold and the markets in which they are traded.
The study of finance builds upon a foundation of economic concepts. It applies those concepts to information that comes from a solid foundation in accounting theory, and it uses concepts from statistics to deal with the uncertainty inherent in forecasting the future. Much of the problem solving in finance uses algebra. Electronic spreadsheets are used in "real-world" simulations. Advanced quantitative skills are desirable.
The concentration typically will include:
These studies form the core of a concentration in finance.
Students who wish to focus more on the theory of finance would find studies appropriate in: