UPPER DIVISION COURSES
(Acceptable on Master’s Degree Programs in Business Administration)
FIN 522. Individual Insurance Management (3)
COURSE DESCRIPTION
Economic, legal, social, and ethical considerations of individual, business and group insurance including life, health, property, and liability
insurance. Risk exposure and policy analysis.
PREREQUISITES: Undergraduate: Completion of lower division requirements for the major. Graduate: Completion of prerequisite core.
FIN 523. Employee Benefit Planning (2)
COURSE DESCRIPTION
Employee benefit and pension planning, including regulation and taxation issues.
PREREQUISITES: Undergraduate: Completion of lower division requirements for the major. Graduate: Completion of prerequisite core.
FIN 589. Personal Financial Planning (3)
COURSE DESCRIPTION
Financial planning process including data gathering, cash flow and debt considerations, goal programming (including retirement and education funding), integration, plan formulation, and implementation. Practice management considerations including establishment of ethical and legal, client and professional relationships.
PREREQUISITE: Finance 323.
GRADUATE COURSES
FIN 604. Legal Environment for Executives (3)
COURSE DESCRIPTION
Legal environment of business, government regulation, social and ethical considerations in the administration of justice, substantive law of contracts, property, agency, and business organizations.
FIN 617. Financial Management II (3)
COURSE DESCRIPTION
Develops topics to include asset pricing, capital budgeting techniques, dividend policy and financing decisions, applications of options and futures, term structure of interest rates, regulation of financial markets, leasing decisions, corporate control.
PRIMARY LEARNING OUTCOMES
- Calculate common investment criteria and project cash flows associated with corporate project evaluation, including cross-border projects
- Evaluate corporate projects using scenario, sensitivity, and simulation analysis
- Apply measures of cost of capital and financial leverage to form long-term financial policies for businesses
- Judge the merits of leasing over borrowing to purchase assets
- Describe the common factors influencing dividend payout policy
- Describe applications of derivatives in financial management
- Relate capital investment decisions and financial policies to business valuations
FOR WHOM THE COURSE IS INTENDED
Finance 617 is an intermediate level course in financial management, designed to complement BA 665. Together, the two courses provide a complete overview of modern corporate finance. It is appropriate for students seeking a career outside of the finance area. Students interested in careers in financial management should complete Finance 617 and Finance 653, Case Studies in Financial Management.
PREREQUISITE: Business Administration 665 – Financial Management I, or equivalent graduate course
FIN 641. Financing the Emerging Enterprise (3)
COURSE DESCRIPTION
Financial considerations in emerging and growing enterprises to include financial management of internal and external funding sources, and dealing with private equity investors. Emphasis on integration of theory, practice, and human judgment in financial decision making.
PRIMARY LEARNING OUTCOMES
- Provision of framework for evaluating startups; the framework comprises three key drivers of performance: market opportunity, competitive position, and funding structure.
- Describe and evaluate sources of funding for start-up businesses
- Analyze the composition and terms of financing entrepreneurial businesses
- Discuss various equity valuation approaches as venture proceeds from startup to IPO.
FOR WHOM THE COURSE IS INTENDED
Students seeking careers in finance and entrepreneurship; students seeking a course using the case studies approach to gain an understanding of emerging enterprises.
PREREQUISITE: Business Administration 665 – Financial Management I, or equivalent graduate course
FIN 642. Financial Risk Management (3)
COURSE DESCRIPTION
Measurement and management of foreign exchange, interest rate, equity, and commodity risks. Risk assessment models, implementation strategies, risk management, and capital allocation. Using derivatives for risk management.
PRIMARY LEARNING OUTCOMES
- Describe characteristics of forward and futures contracts, options, and swaps and their applications in risk management
- Describe the sources of interest-rate, currency, equity, and commodity risk
- Calculate risk exposure using value-at-risk methodology and stress tests
- Construct static and dynamic hedges using financial derivatives
- Explain how risk management contributes to firm value and impact capital structure
FOR WHOM THE COURSE IS INTENDED
Students seeking careers in risk management, investments, and financial services. Examples and cases are from non-financial firms. Risk management in financial services firms is covered in Finance 656.
PREREQUISITE: Business Administration 665 – Financial Management I, or equivalent graduate course
FIN 651. Seminar in Investments (3)
COURSE DESCRIPTION
Characteristics of financial markets and instruments. Approaches to problems of pricing equity and fixed income securities; techniques of analysis; measurement of risk; return, and investment values.
PRIMARY LEARNING OUTCOMES
- Explain the structure of publicly traded financial assets-stocks, bonds, mortgages, options, futures.
- Describe the operations of primary and secondary financial markets
- Identify the roles of various market players and participants-financial analysts, investment bankers, brokers, mutual funds, hedge funds and other financial institutions
- Evaluate the economic and industry environment in which companies operate
- Develop and employ tools of financial analysis for examining company fundamentals
- Critically examine the concepts of market efficiency, intrinsic value and risk, and related investment concepts
- Apply theories of securities valuation to construct a financial portfolio
FOR WHOM THE COURSE IS INTENDED
Students seeking eventual employment with a brokerage company, an investment company or financial services company with responsibilities in evaluating and selecting equity and fixed-income securities for investment portfolios. This is a required course for students pursuing the MSBA degree with a concentration in Financial & Tax Planning. This course should be completed prior to enrolling in Finance 652 – Seminar in Security Analysis and Portfolio Management.
PREREQUISITE: Business Administration 665 – Financial Management I, or equivalent graduate level course
FIN 652. Seminar in Security Analysis and Portfolio Management (3)
COURSE DESCRIPTION
Security valuation, alternative instruments, portfolio theory, active and passive management techniques, asset allocation, performance measurement, use of derivative instruments in portfolio management, debt portfolio management techniques, ethical standards.
PRIMARY LEARNING OUTCOMES
- Analyze potential projects for a corporation and construct its capital budget
- Describe and analyze factors influencing a firm’s optimal capital structure
- Describe and analyze factors determining a firm’s optimal dividend policy
- Describe common financial derivatives and explain their applications to corporate risk management
FOR WHOM THE COURSE IS INTENDED
Students seeking a career with a brokerage or investment company with responsibilities in counseling clients, marketing financial services, and evaluating and selection of securities for investment portfolios. This is a recommended elective course for students pursuing the MSBA degree with a concentration in Financial & Tax Planning. Finance 651 or equivalent introductory investment course should be completed prior to enrolling in Finance 652.
PREREQUISITE: Finance 651 – Seminar in Investments, or equivalent
FIN 653. Case Studies in Financial Management (3)
COURSE DESCRIPTION
Applies theory of finance to practice of financial decision-making. Includes valuation, mergers, and restructurings. Integrates theory and managerial judgment in a decision-making context. Case study format.
PREREQUISITE: Business Administration 665 – Financial Management I, or equivalent graduate level course
FIN 654. Seminar in International Business Finance (3)
COURSE DESCRIPTION
International financial instruments, markets, and institutions; international trade and capital flows; foreign exchange risks and their management; direct and portfolio investment; implications for conduct of global business.
PRIMARY LEARNING OUTCOMES
- Describe the characteristics of foreign exchange markets
- Describe theories of purchasing-power and interest-rate parity and their predictions about prices in foreign exchange markets
- Calculate common measures of foreign exchange risk
- Calculate hedges using derivatives to achieve a desired level of foreign exchange risk exposure
- Assess alternatives methods for financing international trade
FOR WHOM THE COURSE IS INTENDED
MBA and MSBA Students seeking to explore financial management issue in a global environment context. Satisfies the MBA Globalization Theme requirement.
PREREQUISITE: Business Administration 665 – Financial Management I, or equivalent graduate level course
FIN 656. Seminar in Financial Institutions (3)
COURSE DESCRIPTION
Techniques used by managers of financial institutions to measure and manage risks. Impact of the evolving regulatory and technological environment on the management of financial institutions.
PRIMARY LEARNING OUTCOMES
- Calculate appropriate measures of key risks facing financial institutions.
- Describe and appraise alternative techniques to manage prevalent risks facing financial institutions.
- Create simple models to estimate value-at-risk.
- In the context of a bank management simulation, develop and implement lending, investments, deposits, capital, and risk management strategies to create value.
- Discuss the impact of evolving regulatory and technological environments on the management of financial institutions.
FOR WHOM THE COURSE IS INTENDED
MBA and MSBA students interested in careers in the financial services sector or financial risk management.
REREQUISITE: Business Administration 665 – Financial Management I, or equivalent graduate level course
FIN 657. Financial Counseling (3)
COURSE DESCRIPTION
Decision-making process and theory of individual financial needs. Planning and implementation of financial strategies that aid in meeting family goals. Counseling. Ethics. Preparation of financial plans using cases and individuals.
PREREQUISITES: Advancement to candidacy and Finance 651.
FIN 658. Seminar in Options and Futures (3)
COURSE DESCRIPTION
Applications of options and futures in corporate finance and investments. Analytical and numerical methods of option pricing. Compound options and options in dividend paying assets. Options with stochastic exercise prices and options to exchange one risky asset for another.
PRIMARY LEARNING OUTCOMES
- Select and evaluate strategies employing derivatives for bull, bear and neutral markets
- Simulation of lognormal and binomial prices
- Binomial and Black-Scholes option pricing for European options
- Numerical valuation of American options
- Discuss applications of real options
FOR WHOM THE COURSE IS INTENDED
Students seeking careers in risk management, investments, and financial services.
PREREQUISITE: Business Administration 665 – Financial Management I, or equivalent graduate level course
FIN 659. Decision Making in the World Economy (3)
COURSE DESCRIPTION
Application of macroeconomic theory to business decision making, study of economic environment and government macroeconomic policy from a business viewpoint.
PRIMARY LEARNING OUTCOMES
- Employ government macroeconomic statistics to assess the current business climate.
- Judge whether a firm’s operating strategies and financial policies are consistent with economic conditions.
- Forecast the impact of government economic policies, especially monetary policy, on a business.
- Conduct country analysis to evaluate foreign direct and portfolio investment opportunities in a country.
- Forecast the impact of economic shocks and government policy decisions on interest rates, output, prices, and exchange rates using standard macroeconomic models.
FOR WHOM THE COURSE IS INTENDED
MBA and MSBA students interested in developing their skills in analyzing information on the economic climate and government policies as it pertains to business decisions. Can be used to satisfy the MBA Legal, Ethical, Political, and Economic Environment Theme requirement. Also useful to students planning to take the CFA or CFP exams.
PREREQUISITE: Classified graduate standing.
FIN 705. Seminar in Estate Planning (3)
COURSE DESCRIPTION
The scope and nature of estate planning. Identification and analysis of the environmental factors and those aspects of federal and state law affecting estate planning and taxation. Estate taxation and social policy.
PREREQUISITE: Business Administration 665 – Financial Management I, or equivalent graduate level course.
FIN 780. Seminar in Land Markets and Urban Development Issues (3)
COURSE DESCRIPTION
Development Issues (3)Prerequisite: Graduate standing.Land use and policy issues affecting the spatial environments for enterprise decisions. Legal and institutional framework for basic land market functions and operations. Housing market demand and supply determinants. Development issues and models of urban land use.
PREREQUISITE: Graduate standing.
FIN 783. Seminar in Real Estate Investment and Development (3)
COURSE DESCRIPTION
Development (3)Prerequisite: Graduate standing.Analysis of real estate investment and development decisions by corporations, individuals and financial institutions. Market and feasibility analysis, taxation, financing and risk evaluation, portfolio considerations.
PREREQUISITE: Graduate standing.
FIN 784. Seminar in Real Estate Finance and Valuation (3)
COURSE DESCRIPTION
Application of valuation theory to real property and related mortgage instruments in a market context. Market definition, data collection and analysis. Value determinants and new valuation technologies. Special valuation and financing issues and cases.
PREREQUISITE: Graduate standing.
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