0101. Introduction to Financial Markets (3 s.h.) F S SS.

Prerequisite: Economics C051 and C052; Statistics C011 and C012.

This course provides an overview of financial markets and institutions in the U.S. economy. Topics include: the structure of financial markets and the role of the federal government in these markets; the valuation of fixed-income instruments; the risk-return tradeoff in equity markets; hedging and the use of derivatives instruments; and the identification and management of the risks involved in financial intermediation.

0103. Principles of Financial Management (3 s.h.) F S SS.

Prerequisite: Economics C051 and C052; Accounting 0001 and 0002; Statistics C011 and C012.

This course provides a survey of the financial problems associated with the life cycle of a business firm. Topics include: financial analysis and planning, capital budgeting, cost of capital, and the sources and uses of business funds.

0191. Introduction to Financial Markets - Honors (3 s.h.) F.

Prerequisite: Economics C051 and C052; (or H091 and H092); Statistics C011 and C012; or by special permission.

Finance 0191 is the honors section of Finance 0101 and meets the SBM Finance 0101 requirement.

0193. Principles of Financial Management – Honors (3 s.h.) S.

Prerequisite: Finance 0101 (or 0191); Accounting 0001 or 0002 (or H091 and H092); Statistics C011 and C012.

Finance 0193 is the honors section of Finance 0103 and meets the SBM Finance 0103 requirement.

0211. Corporate Finance (3 s.h.) F S SS.

Prerequisite: Finance 0101 and 0103 (or 0191 and 0193).

This course provides an in-depth analysis of the principles of financial management and their application to decision making in a business firm. Topics include: valuation models, capital budgeting principles and applications, cost of capital, alternative methods of financing business firms, and dividend policy.

0212. Advanced Corporate Finance (3 s.h.) F S SS.

Prerequisite: Finance 0101 and 0103(or 0191 and 0193).

This course provides an advanced analysis of financial decision-making using theoretical models and case studies. Topics include: corporate restructuring, equity and debt offerings, mergers and acquisitions, and other advanced topics of current interest in the corporate finance area.

0213. Management of Financial Institutions (3 s.h.) F S SS.

Prerequisite: Finance 0101 and 0103 (or 0191 and 0193).

This course applies financial management theory and practice to the management of banks and other financial institutions. Topics include: risk-return tradeoffs, regulatory constraints, performance analysis, asset-liability management, and liquidity, interest rate and credit risk management.

0215. Portfolio Theory (3 s.h.) F S.

Prerequisite: Finance 0101 and 0103 (or 0191 and 0193); Statistics 0022.

This course provides a theoretical development of portfolio theory and discusses the empirical findings relating to this theory. The course also provides experience at estimating various portfolio selection models using large-scale security data sets.

0218. Derivatives and Financial Risk Management (3 s.h.) F S.

Prerequisite: Finance 0101 and 0103 (or 0191 and 0193); Statistics 0022.

This course provides a theoretical and practical analysis of the following derivatives instruments: futures, options, options on futures, and swaps. Topics include: speculative and hedging strategies, and the financial risk management of stock portfolios.

0223. Investments (3 s.h.) F S.

Prerequisite: Finance 0101 and 0103 (or 0191 and 0193).

This course provides a detailed analysis of the equity market. Topics include: market microstructure, the principles of portfolio theory, and the valuation of equities including the techniques of fundamental security analysis.

0227. Money and Fixed Income Markets (3 s.h.) F S SS.

Prerequisite: Finance 0101 and 0103 (or 0191 and 0193).

This course provides a theoretical and practical analysis of the spot markets for money, bonds and other fixed income instruments. Topics include: money market instruments, duration and convexity of bond yields, default risk, the term structure of interest rates, interest rate volatility, financial risk management of bond portfolios, and securitization.

0240. Real Estate Investment and Finance (3 s.h.) F S.

Prerequisite: Finance 0101 and 0103 (or 0191 and 0193).

This course provides theoretical and practical analyses of investments in real estate assets. Topics include: market and site analyses, financing alternatives and valuation techniques.

0250. International Financial Markets SS.

Prerequisite: Finance 0101 and 0103 (or 0191 and 0193).

This course provides a detailed analysis of international financial markets. Topics include: foreign currency, international money markets, international banking, and international capital markets.

0251. International Financial Management (3 s.h.) F S.

Prerequisite: Finance 0101 and 0103 (or 0191 and 0193).

The course provides a theoretical and practical analysis of the financing and investment decisions of multinational firms operating in international financial markets. Topics include: international asset valuation, international financing and investments, foreign exchange risk exposure, and country risk management.

W350. Seminar in Financial Management (3 s.h.) F S. Core: WI.

Prerequisite: Finance 0101 and 0103 (or 0191 and 0193), 0211; Accounting 0011.

This course integrates the key concepts of finance around the theme of valuation. The course enables students to: prepare a complete financial analysis focusing on the firm’s sources of value and economic profit; compute a firm’s cost of capital using publicly available data; value a firm using the free cash flow method; and use the valuation model to assess takeover alternatives and potential capital structure changes.

0394. Special Topics (3 s.h.)

Prerequisite: Finance 0101 and 0103 (or 0191 and 0193).

This course analyzes current developments in the field of finance.

0395-0399. Independent Study (1 - 6 s.h.) F S SS.

Prerequisite: Finance 0101 and 0103 (or 0191 and 0193); consultation with a faculty member and approval of the department chairperson.

Readings and/or research paper under the supervision of a faculty member.