Bard College Catalogue 2012-13
The Bard Program in Economics and Finance
Dimitri B. Papadimitriou (director), Alex Chung, Sanjaya DeSilva, Kris Feder, Olivier Giovannoni, Pavlina R. Tcherneva
The Bard Program in Economics and Finance, established in the fall of 2007, is a five-year B.S./B.A. dual-degree program. Students receive both a B.S. degree in economics and finance and a B.A. degree in an academic program other than economics. The Economics and Finance Program is designed to meet the needs of students who wish to achieve a broad education in the liberal arts and sciences even as they prepare themselves for careers in the financial world.
The B.A./B.S. program requires 160 credits; the student must fulfill all general educational requirements of the College’s B.A. academic program. The B.S. degree will not be awarded unless the student also receives the B.A. degree. However, a student may elect to step out of the program, continuing in the B.A. program. Hence, the dual-degree program is structured to allow all requirements for the B.A. to be met within four years.
Candidates for the dual degree must complete 52 credits in economics and finance, comprising the core courses of the program: Principles of Economics; Foundations of Finance and Investment; Money and Banking; Intermediate Microeconomics; Introduction to Mathematical Economics; Accounting; Industrial Organization; Statistics; Seminar in International Economics; Econometrics; Seminar in Contemporary Developments of Finance; Corporate Finance; and Capstone Experience Project (Senior Project, B.S.).
Students are required to complete either a practicum in portfolio investing or a financial planning model.
Economics and Finance 190
This course surveys financial and managerial accounting. The concepts and methods of financial accounting following generally accepted accounting principles and the effects of alternative principles on the measurement of periodic income and financial status are covered. Recent changes in accounting methods such as those stimulated by manufacturing advances are examined, as are concerns about ethical standards.
Economics and Finance 391
This course analyzes the major financial decisions facing firms. Topics include capital budgeting, links between real and financial investments, capital structure choice, dividend policy, and firm valuation. Additional topics may include issues in value and risk; debt financing; risk management; corporate governance; managerial incentives and compensation; and corporate restructuring. Prerequisite: Economics and Finance 190.