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Economics & Finance


The study of economics involves analyzing the benefits and costs of alternatives, and then making the best selection using specific theories and methods. UH West O‘ahu offers the theoretical courses of microeconomics and macroeconomics and a variety of upper division courses focused on a student’s interest and career objectives.

Students pursuing a Bachelor of Arts in Social Sciences with a concentration in Economics & Finance will have a strong knowledge of economic theory, an understanding of the economic and financial issues around the world, and the critical thinking skills to deal with those issues. Courses are offered through in-class and distance learning instruction.


The study of economics and finance prepares students for careers in banking, consulting, finance, insurance, real estate, academia, non-profit organizations, and government. Economics and Finance graduates also find employment as analysts, statisticians, advisors, managers, consultants, brokers, teachers and more.

According to a recent study by the National Association of Colleges and Employers, the average starting salary for 2008 graduates with bachelor’s degrees in Economics and Finance were $52,926 and $48,795 respectively. Economists working at the state or local levels apply their skills in a variety of ways including establishing economic development plans for the region, and forecasting population growth and its effect on tax revenue and education budgets. With an understanding of Finance, graduates are able to analyze and execute the financial aspects of managerial decisions.

The Economics & Finance curriculum provides graduates with a variety of career opportunities. In addition, it prepares students for graduate programs including economics, business, finance, education, management, public administration, law and more.


ECON 322 Money and Capital Markets
This course looks at the major types of financial institutions and financial instruments such as stocks, securities, and mortgages. It examines how and why the system of money and capital markets exists and how it is changing. It also provides an explanation of how interest rates and security values are determined and used, and discusses the current and future trends of the globalization of the financial markets.

ECON 358 Environmental Economics
This course examines the economic analysis of environmental issues. Questions addressed are: How much pollution is too much? Can government solve the pollution problem? Can incentives be used to affect the amount of pollution? How can global issues be resolved?

ECON 432 Forecasting and Risk Management
This course is an analysis of time-series data for forecasting and risk management. Forecasts for smoothing, decomposition, multiple regression, Box Jenkins, auto-correlation, moving average, and auto-regression. Comparison and selection of suitable forecasting methods for a given application is also examined.

FIN 307 Corporate Finance
This course focuses on the development and analysis of modern financial theory and its implications for management decisions: time value of money, market efficiency, capital asset pricing, valuation, firm investment decisions, capital structure, dividend policy, and cost of capital.

FIN 412 Futures and Options
This course provides the foundation for understanding the price and risk management of derivative securities. It starts with simple derivatives (e.g., forwards and futures) and develops the concept of arbitrage-free pricing and hedging. This course is designed to provide an understanding of options, futures, forwards, and the use of these instruments in managing business and financial risks. The use of derivative instruments in speculation, hedging, and arbitrage is also emphasized.


The UH West O‘ahu Investment Club offers a wonderful opportunity for students to enhance their understanding of economics and finance in the company of friends, and apply classroom principles and theories to stock market investments. Students learn about stocks, bonds and credit markets and participate in club networking and fundraising activities.


Dr. Richard Dadzie, Assistant Professor
(808) 689-2370