Modern Economic and Social Systems Examination and comparison of the economics of capitalism, socialism, communism, and fascism, and of the interrelation of each such economic system with the social system which it dominates. An independent work course for senior students. Intensive study of some of the phases of the student's major field to be selected with the approval of the head of the major department and to be conducted under the direction of a faculty member approved by the Chair of Business Administration. Written report required for credit. This course covers various aspects of estate and gift tax planning, including the nature, valuation, transfer, administration, and taxation of property.
Emphasis is given to a basic understanding of the unified estate and gift tax system.
It also covers various estate planning devices used in the estate planning process. This course is a survey of the principles of insurance including risks covered, policy analysis, taxation of benefits, and the process of selecting an insurance carrier and coverage. Also covered are insurance products included as part of employee benefit programs. This course provides the background and tools needed to prepare a financial plan to meet retirement or other specific financial goals. The course builds upon the material covered in the other four required courses in the financial planning program.