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 Overview
Curriculum
Course Descriptions
FIN 531 Financial Management I
3.00 Credits, Prerequisites: Developing and Interpreting Financial Information (ACC 505) or equivalent and Statistics admission prerequisite (DS 300, or DS 500, or IMSE 510) or equivalent and prior course work in economics. BE 530 recommended.
This course examines the financial goals of a corporation with an emphasis on value creation. Capital budgeting techniques are extensively developed. Valuation of securities is presented along with an introduction to modern portfolio theory and market efficiency. Issues related to international financial management are also addressed.
FIN 581 Financial Management II
3.00 credits, Prerequisite: Financial Management I (FIN 531) and Economic Analysis: National and International (BE 580)
This course addresses topics related to the theory and practice of corporate financial management, with special emphasis on financing the assets and operations of the firm. Topics studied include capital structure, option and option-like securities, leasing, dividend policy, mergers and acquisitions, and corporate governance. Risk management and short-term financial management are also addressed. Topics are addressed in a global context, where appropriate.
FIN 650 Corporate Financial Applications
3.00 credits, Prerequisite: Financial Management II (FIN 581)
This course addresses practical and theoretical issues in corporate financial management. The format of the course may include case studies, practitioner and academic readings, and lectures. The format and topics may vary. Topics may include corporate governance, strategic valuation, venture capital financing, project finance, initial public offerings, cost of capital estimation, capital structure, asset management, and dividend policy.
FIN 651 Investment Analysis and Management
3.00 Credits, Prerequisites: FIN 531 and ( DS 520 or IMSE 514 )
This course provides an examination of the investment process and environment. Topics include: analysis of the risks and returns of alternative investment media, including fixed income securities, stocks, and derivative securities, within the framework of various valuation models. This course will also include an introduction to the portfolio theory and management. Wherever it is appropriate, the above topics will also be discussed in a global context.
FIN 652 Derivatives and Risk Management
3.00 credits, Prerequisite: Financial Management I (FIN 531)
The focus of this course is on understanding the derivative securities and their use in risk management. This course provides an in-depth introduction to options and option pricing as well as an extensive overview of forward, future and swap contracts. This course will draw upon the intuition and analytic tools developed to examine sophisticated financial products or strategies which firms and investors have used in their risk management.
FIN 653 Current Issues in Investments and Capital Markets
3.00 Credits, Prerequisites: Investment Analysis and Management (FIN 651)
This course prepares students for career development and advancement in the challenging investment profession. The course provides an in-depth study of advanced contemporary theoretical and practical issues in global investments and capital markets that parallel the body of knowledge of the Chartered Financial Analysts (CFA) program. Topics may include advanced investment theory and valuation techniques, asset allocation, behavioral finance, derivative securities and their applications, emerging markets and global investing, ethics for investment professionals, financial statements and security analysis, fixed income securities and markets, market efficiency, market microstructure, portfolio management and performance evaluation, etc. The format and topics may vary.
FIN 654 Financial Intermediation
3.00 credits, Prerequisite: Financial Management I (FIN 531)
Financial intermediaries provide services to borrowers and lenders, often creating new securities or providing brokerage services broadly defined. Intermediaries include depository institutions such as commercial banks and nondepository institutions such as security firms, pension funds and insurance companies. This course studies the functions of intermediaries, the industry regulations, and competition in a deregulated environment. Special emphasis is placed on financial markets and financial instruments created by intermediaries, risk of intermediation, risk management, and financial innovations in the industry.
FIN 655 International Financial Management
3.00 credits, Prerequisite: Financial Management I (FIN 531)
This course views international finance at the micro level, but of necessity it will cover some aspects of macro-level international finance as well, such as the international financial system and the balance of payments mechanism. The following topics will be covered: the international financial system, balance of payments, foreign exchange, exchange risk management, international financial markets, foreign investment, and foreign trade financing.
FIN 656 Fixed Income Securities
3.00 credits, Prerequisite: Investment Analysis and Management (FIN 651) and Derivatives and Risk Management (FIN 652) and calculus admission prerequisite
The fixed income market, accompanied by the introduction of sophisticated financial engineering techniques, has grown enormously over the last two decades. Today, the fixed income market has been a vital segment of the global financial market. This course covers major topics associated with this market, including bond pricing, yields, and volatility; term structure of interest rates and yield curve; market structure and analytical techniques for Treasury, municipal, corporate bonds, mortgage-backed securities, CMOs, asset-backed securities, bonds with embedded options; and bond portfolio management strategies. The fundamental objective of this course is to help students develop analytical skills for pricing fixed income securities and managing interest rate risk. In addition, materials covered in this course are compatible with the Common Body of Knowledge in Analysis of Debt Investment that is required by the Chartered Financial Analysts (CFA) examination.
Information as of April 2005. Every care has been taken to insure its accuracy; however, the University cannot be responsible for errors and reserves the right to change programs, requirements and policies at any time after the publication of this document.
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