Bruce Brown joined the Furman economics faculty in 1984. He has teaching interests in the areas of macroeconomics, growth theory, money and banking, financial institutions, business finance, and personal finance. Professor Brown is a familiar personality on the airwaves, having done numerous interviews for the local media on economic topics of regional and local interest. His course in personal finance is popular among Furman students, and he has recently led study away programs in Brussels and Edinburgh.

Name Title Description


Financial Accounting Prncpls

Theory and practice of accounting as applied to the corporate form of business organization. Analysis of business transactions, valuation of assets and liabilities, determination of income, and preparation and interpretation of financial statements.


Personal Finance

Consideration of personal income, expenditures, borrowing, savings and investments. May not fulfill a major requirement for majors offered within Economics.


Introduction to Economics

Introduction to the essential concepts of economic analysis and implications for public policy. Emphasis on examining the operation of markets in both a macro and micro setting. Topics include: inflation, unemployment and monetary policy as well as consumer behavior, the operation of business firms, and supply and demand. Offerings at other institutions are not typically considered equivalent to this course unless they provide thorough coverage of topics introduced in both macro and microeconomics.


Money and Banking

Institutional and historical study of the nation's monetary system, including definition of money, an overview of the financial markets, activities of the banking system, non-bank intermediaries, and central banking. Analysis of effects of money and finance on output, prices, and economic growth.


Health Economics

Using tools of economics to examine the health services industry. Influences of government on supply and demand for services and development of private and public insurance products are examined, as are interactions among medical technology, demand, and insurance. Additional topics include: managed care, international comparisons, and current reform proposals.


Irrational Exuberance

Scams, Ponzi schemes, and market bubbles remind us that otherwise intelligent" people often make irrational decisions. An examination of the historical episodes of such behavior and the recent housing bubble as a means of introducing students to behavioral economics."

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