Babson College - Babsonian Yearbook (Wellesley, MA)

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Dr. Frank C. Genovese University of Wisconsin if A R Q1 N im. , f ,-. Z , iz , Ll, J? ,, Dr. Robert C. Wertheimer Harvard University William L. Casey, Ir. Boston College

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ECONOMICS Only by accepting the challenges of his generation can the individual ma- ture as a responsible citizen and effec- tively contribute toward perpetuating the good life of our society. Institutions of higher learning may provide the facili- ties and intellectual stimuli to prepare the student to meet the challenges of l w l Dr. joseph Alexander New York University his day. But if they are to do so ade- quately, colleges, too, must meet a chal- lenge. This challenge arises from the fact that the problems of today are far more involved and require a broader foundation of knowledge for solution than ever before. Success in graduating well-prepared students will depend largely on how well-prepared the schools themselves are. The need to become economics- wisef' so as to comprehend the nature of our economic lives, illustrates the point. Economic influences are hardly novel, they have always governed man's existence. Indeed the law of supply and demand may well be humanityis oldest! But an exposure to the manner whereby our economic system works and the im- portance of acquiring this understanding have made economics an increasingly vital segment of a curriculum already bursting with the knowledge explosion. The Division of Economics at Bab- son Institute is unique because it pro- vides the intellectual environment and scope of subject-matter not usually ob- tainable in a school so small in size. Standards maintained for successful achievement are high, and courses are designed to train the student to render value judgments as well as to under- stand the economic forces of our society analytically. Considering the size of our enrollment, an unusually large number of economics courses are offered. These add strength to the schoolls total cur- riculum, since the study of economics has developed into a vast discipline of numerous, highly-specialized fields. Our graduates become broadly knowledge- able, because the required program of study includes most of the courses offer- ed in the Division, irrespective of majors. Although the school is business admin- istration oriented, the economics courses lie within the realm of liberal arts, thus helping to achieve a desirable, balanced school curriculum. Over the years to come, Babson will continue to grow in accomplishment and stature. No small part of that growth will be attributable to the quality and character of the Division of Economics. 56 1

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Dr. Wallace P. Mors University of Chicago The Division of Finance and Investments offers majors in both finance and investments. The major field courses in finance, along with the two introductory courses, provide the stu- dent with the basic tools he needs to make fi- nance decisions, and, through the use of cases and problems, to give him practice in decision- making. In investments, the course in stock analysis, the four major field courses in the investment area, and the required courses in accounting, statistics, economics, and finance prepare the student for a career in investment analysis and also provide him with the needed knowledge to pass the three examinations necessary to obtain the C. F. A. fChartered Financial Analyst? cer- tiiicate. Through the Institute of Chartered Financial Analysts, the security analyst societies in some thirty-four of our major cities have set up a program to raise the stature of investment fnow called financialj analysis and to make financial analysis a profession. Financial analysts hope that in time the CFA certificate will mean in their field what the CPA and bar degrees mean in the fields of accounting and law. The present members of the finance and in- vestment division are Professors Mors and Payne and Assistant Professor Black. During the past year all have given speeches and participated in professional meetings. In addition, Dean Payne served as Chairman of the Finance Committee of the Town of Needham. Professor Mors com- pleted his book on Consumer Finance Charges: Rate Information and Quotation, which was published in January, 1966, by Columbia Uni- versity Press for the National Bureau of Eco- nomic Research. His most recent article entitled Possible Economic Effects of Uniformity in Methods of Consumer Installment Finance Dis- closure appeared in the Spring, 1966, issue of The Mississippi Valley Journal of Business and Economics. FINANC l E ANI