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Programs of
Study
Finance
- FIN 351 — Introduction to
Finance — 3 credits
- (Prerequisites: junior standing, ECO 153-154 or 101, ACC 252 or 253, or permission of the instructor) This course introduces students to the field of finance. Topics include time value of money, risk analysis, basic operation of the capital
markets, current asset and liability analysis, and introduction to the topics of capital budgeting
and cost of capital calculation.
- FIN 361 — Working Capital
Management — 3 credits
- (Prerequisite: FIN 351) This course is designed to
provide advanced study in the financial-management area through detailed
analysis of financial statements, liquidity crises, cash optimization, credit
analysis, banking arrangements, loan contracts, commercial paper and the use of
money market. (FIN 361 and EMT 461 are offered jointly.)
- FIN 362 — Investments —
3 credits
- (Prerequisite: FIN 351) An introduction to the
theory and process of managing investments. Topics include practical operation
of the equity markets, debt options and futures markets. Stock-valuation models
using fundamental technical and random-walk approaches.
- FIN 470 — Capital Investment and
Structure — 3 credits
- (Prerequisite: FIN 351) Advanced study in the
“permanent” financial aspects of the firm, including
capital-budgeting models, optimalreplacement processes, abandonment, leasing,
cost of capital, capital structure, mergers and acquisitions, and bankruptcy.
- FIN 471 — Derivative
Securities — 3 credits
- (Prerequisite: FIN 362) This course looks at the
nature of derivative securities, focusing on options. It develops pricing
models for options, emphasizing the Black-Scholes model. The use of options in
various investment strategies is discussed in terms of risk and return.
Students use real-time data to implement these strategies.
- FIN 472 — Portfolio
Management — 3 credits
- (Prerequisite: FIN 362) Advanced study of
professional management of various portfolios including those of banks,
insurance companies, pension funds, and non-profit institutions. Markowitz and
Sharpe models, data availability, and computerized-data services are covered.
- FIN 473 — Financial
Institutions — 3 credits
- (Prerequisite: ECO 362) The study of financial
markets and financial institutions, including depository and nondepository
institutions. Topics include regulation, operation, and management of financial
institutions, financial instruments, interest-rate principles, risk-management
strategies, loan analysis, and asset/liability management. Insurance and
pension principles and investment banking are covered.
- FIN/IB 475 — International
Finance — 3 credits
- (Prerequisites: ECO 351, FIN 351) This course deals
with the environment of international financial management, foreign-exchange
riskmanagement, multinational working-capital management, international
financial markets and instruments, foreign-investment analysis, and management
of ongoing operations. It also exposes students to a wide range of issues,
concepts, and techniques pertaining to international finance.
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