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Financial Economics:

Focal Skills to Be Acquired Through Course-by-course Learning-by-doing

I. Reasoning proficiency
II. Communications proficiency
III. Computations proficiency
IV. Analytical proficiency
V. Distinctive skills of majors in Financial Economics

Generic Skills of Business Majors Focal and Generic Skill


Business curriculum proficiency Business ethics
Soft skills proficiency

Ovals contain skills, which crucially depend upon suggested new courses BU3XX and BU4XX
Reasoning skills

Literacy in logic Probabilistic reasoning


An issue to be addressed Assessing & computing
Premises vs conclusions probabilities of different
Stated & unstated premises events
Deductive vs inductive problem situations
Where the burden of proof falls
Representative examples
Counterexamples
Arguments by analogies
Causal arguments
If-Then arguments
Transforming verbal descriptions
of situations into structured
decision problems
Collection of information
Inferences Structuring of decision situation
Possible solutions
Computations
Communication skills

Writing Oral

Presentations Debating
Computations skills

Generic computer One-two


Numerical Statistical
programs computer
Probabilities
Regressions programs applied
in finance
Analytical skills

Formal thinking Regression models Generic finance models


Generic modeling Applications in practical Interactions of financial
Computer modeling finance markets
Monetary policy
Investment portfolios
Distinct Financial Economics Skills

Valuations of securities
Behavior of Static: fundamentals & shocks Investment
financial Dynamic: fundamentals & shocks Life-cycle personal
markets Managed funds
Normal Index funds
Non-normal Personal financial advising

Valuations of firms by
financial markets Regulation
Topology of industries Judicial system
Topology of firms FED
Reports by Wall Street Self-policing
analysts