Thursday, May 10, 2018

ECON488W - Wealth Management Fundamentals

In Fall 2018, the Department of Economics will once again offer ECON488W: Applied Research Practicum - Wealth Management Fundamentals. This course will meet on campus in the Fall semester Wednesdays from 5:00-7:00 pm. This program is an excellent opportunity for economics majors to understand the importance of financial planning and develop the skills need to implement a successful financial plan. These skills are useful for your own financial planning or if you are interested in a career as a financial planner. A sample syllabus for this course is available here.

Student Perspectives: 
“ECON488W not only taught me important information about Wealth Management and how to approach retirement, but I was also able to gain skills in research and presentation. I became much more comfortable presenting on topics that I had done research on and learned how to best present information so that it is easy for the audience to understand.”

“ECON 488W is a great class that will allow you to seriously develop your technical skills. I created a Monte Carlo simulation to predict portfolio performance as part of a group project to model needed retirement savings."

Entry into the program is competitive; only a maximum of 20 students will be selected to participate in Fall 2018. Students must meet the minimum qualifications and apply to be selected for this research course.

Minimum qualifications include:
  • Junior or Senior ECON major 
  • UMD Cumulative GPA of at least 3.0 
  • Successful completion of Intermediate Macroeconomics (ECON305 or ECON325) AND Statistics (ECON230, BMGT230, ECON321, or STAT400) 
  • Successful completion of ECON330 preferred by not required 
  • Coursework or other experience using Excel and basic regression technique

The application for ECON488K is available here. If you are interested in applying, follow the instructions and submit all required application materials. Completed applications may be submitted in person to the ECON Advising Office (3108 TYD) or by email to ugadvising@econ.umd.edu

**ECON488W may be used for 2 credits of the Experiential Learning requirement (BA students only) or as 2 credits of electives (BS students). BA students should meet with an ECON advisor to discuss options for completing the final 1 credit for this area.