In Fall 2019 the Department of Economics will offer ECON489W: Applied Economics Practicum – Wealth Management Fundamentals (formerly ECON488W). This program is an excellent opportunity designed to help ECON majors 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. IMPORTANT NOTE: This course is intended for students with little or no experience in investing, investment analysis and financial planning. Entry into the program is competitive; only a maximum of 20 students will be selected to participate in Fall 2019.
What are students previously enrolled saying about this class?
“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.”
“ECON488W 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."
Minimum qualifications for participation include:
- Junior or Senior ECON major
- Cumulative GPA at the University of Maryland of at least 3.0 preferred. **Students with 2.75 -2.99 may be considered based on demonstrated interest in course content
- Successful completion of either ECON305 or ECON325
- Successful completion of ECON230, BMGT230, ECON321, or STAT400
- Successful completion of ECON330 preferred by not required
- Coursework or other experience using Excel and basic regression technique
- Ability to meet on campus Wednesday evenings from 5:00-7:00pm
- Ability to work on group assignments approximately 10 hours a week
The application for ECON489W 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 econadvising@umd.edu.
