Graduate Catalog

2013 – 2014

2012-2013 Graduate Catalog Archive

Office of Graduate Studies and Extended Education
McKelvie Hall, 102 W. Rosedale Avenue
West Chester University
West Chester, PA 19383
Phone: 610-436-2943
Fax: 610-436-2763

Revised May 2013

Business Administration

Graduate Center
1160 McDermott Drive
West Chester University
West Chester, PA 19383
Phone: 610-436-2608
Fax: 610-436-2439
Dr. Christ, M.B.A. Director

Return to Business

Economics and Finance

Dr. Benzing, Chairperson (610-436-3460)


Cynthia D. Benzing, Ph.D., Drexel University
Orhan Kara, Ph.D., University of Wisconsin - Milwaukee

Associate Professors

Thomas P. Andrews, Ph.D., Temple University
David J. Doorn, Ph.D., North Carolina State University
Huimin (Amy) Li, Ph.D., Drexel University
Thomas W. Tolin, Ph.D., University of Houston
Lei Zhu, Ph.D., Drexel University

Assistant Professors

Simon Condliffe, Ph.D., University of Delaware
Kevin Dunleavy, Ph.D., Duke University
Ebru Isgin, M.A., Rutgers University
Thomas O. Miller, Ph.D., Pennsylvania State University
David S. Pedersen, Ph.D., Drexel University
Roberta Schini, Ph.D., University of Pennsylvania, The Wharton School
Bahar Ulupinar, Ph.D., Louisiana State University
Dazhi Zheng, Ph.D., Drexel University

Course Descriptions

Symbol: ECO

500 Data Analysis for Decision Making (3) This course covers the basic concepts of business statistics, data analysis, and management science in a spreadsheet environment. Topics include probability distributions, hypothesis testing, regression, forecasting, simulation, and optimization. This course gives students hands-on experience in analyzing data for practical decision making. It is designed for students admitted to the M.B.A. program without recent course work in business statistics and is equivalent to two undergraduate courses.

501 Business and the Economic Environment (3) This course covers macroeconomic and microeconomic principles by discussing their applications to modern business problems. It discusses firm supply and demand, cost and pricing, market structure and competition, monetary and fiscal policy, and aggregate demand and supply. This course is designed for students admitted to the M.B.A. program without recent course work in economics and is equivalent to two undergraduate courses.

610 Applied Econometrics (3) Analysis of multivariate models, determination of trends, oscillation, and periodic movements. Topics include remedies for auto-correlation and multicollinearity; dummy variables; distributed lags, forecasting and simulation; and alternative estimation techniques, such as two-stage least squares, three-stage least squares, and maximum likelihood estimators. PREREQ: MKT 603.

611 International Trade and Finance (3) This course is designed to expose students to the international business environment and enable them to increase their business presence abroad whether it is in manufacturing, finance, or other services. Topics include diversity and cultural differences, foreign exchange markets and exchange rate determination, export/import strategies, foreign direct investment, and multinational accounting and financing. PREREQ: ECO 501.

625 Contemporary Monetary Theory and Financial Institutions (3) This course enhances the student's capability to analyze the interrelationships between aggregate economic activity, financial markets, and central banking instruments, objectives, and policy. Topics relate to demand for financial assets. PREREQ: ECO 501.

630 Economics and Public Policy (3) The principles and methods of economic analysis are used to evaluate the American economic system. Inflation, recession, and economic growth; problems of public finance and taxation; public policy regarding the concentration of economic power. PREREQ: ECO 501.

647 Managerial Economics (3) Development and application of a set of advanced micro-macro economic concepts to serve both as a source of theoretical structure and unification of other business sciences. Emphasis will be given to topics such as risk analysis, linear programming, and capital budgeting. PREREQ: MKT 603.

650 The Economics of Health Care (3)This course will apply the tools of economic analysis to various components of the health care system. Relying on microeconomic principles, the class will study the behavior of participants (consumers, providers, insurers) in the health care industry; address some key policy issues that surround the provision of health care, as well as considering different health systems; and analyze health care issues using a variety of data and statistical techniques. PREREQ: For MBA students: MKT 603; for master’s PPD students: STA 510 or 511 or permission of the program director.

690 Special Topics (3) A seminar or independent study course on selected economic topics. Includes a research paper or project which treats a contemporary economic issue from an interdisciplinary, policy-level perspective. PREREQ: ECO 500, ECO 501, and written permission of program director. This course may be taken again for credit.

Symbol: FIN

500 Principles of Corporate Finance (3) This course covers the basic principles underlying all financial decision making. The time value of money principle is applied to stock valuation, bond valuation, and capital budgeting. The course also discusses the capital asset pricing model, market efficiency, capital procurement, short-term capital management, and financial leveraging. It is designed for students admitted to the M.B.A. program without recent course work in finance and is equivalent to one undergraduate course. PREREQ: ACC 500 and ECO 501.

601 Financial Management (3) This course is designed to study in-depth financial management that stimulates critical thinking of businesses' financial problems and focuses on valuation. Included are the basic aspects of financial management: use of ratios to assess corporate performance, projection of financial statements for both projects and whole companies, estimation of weighted average cost of capital, valuation of assets, and companies using discounted cash flow approach. Also, special topics, such as working capital management and international aspect of financial management, will be covered. PREREQ: MKT 603.

644 Investment Analysis and Portfolio Management (3) Introduction to investments, including examination of why and how individuals invest. This course provides an overview of the process by which an individual seeks out and synthesizes information about investment opportunities in order to make decisions to add to, maintain, or delete assets from an investment portfolio. Special attention is directed to the risk and return of assets. PREREQ: FIN 601.

690 Special Topics (3) A seminar or independent study course on a selected finance topic. Course includes a research paper or a project that applies financial knowledge to a real world problem. PREREQ: FIN 610 or written permission of program director. This course may be taken again for credit.