0822. Investing for the Future (4 s.h.) RCI: GQ.

(Formerly: GE-QUAN 0063.)

Prerequisite: Mathematics placement, a grade of C- or higher in Math 0701 (0045), or transfer credit for Math 0701 (0045).

Why should you start thinking about saving for retirement when you are just starting college? Is it possible to accumulate around $5 million at the time you retire? Should you be actively choosing stocks or relying on index mutual funds? Should you rely on Jim Cramer or Suze Orman? In this course you will learn how to compute your retirement financial needs, how to think about quantifying and managing risk in your retirement portfolio, the tradeoffs between active and passive investing, evaluation of various types of mutual funds, and the potential pitfalls of investing in individual stocks.

Note: This course fulfills the Quantitative Literacy (GQ) requirement for students under GenEd and a Quantitative Reasoning (QA or QB) requirement for students under Core.

Students cannot receive credit for this course if they have successfully completed EE 0822 or Finance 0922. Mode: Lecture and Computer Lab.

0922. Investing for the Future (4 s.h.) RCI: GQ.

Prerequisite: Mathematics placement, a grade of C- or higher in Math 0701 (0045), or transfer credit for Math 0701 (0045).

Why should you start thinking about saving for retirement when you are just starting college? Is it possible to accumulate around $5 million at the time you retire? Should you be actively choosing stocks or relying on index mutual funds? Should you rely on Jim Cramer or Suze Orman? In this course you will learn how to compute your retirement financial needs, how to think about quantifying and managing risk in your retirement portfolio, the tradeoffs between active and passive investing, evaluation of various types of mutual funds, and the potential pitfalls of investing in individual stocks.

Note: This course fulfills the Quantitative Literacy (GQ) requirement for students under GenEd and a Quantitative Reasoning (QA or QB) requirement for students under Core.

Students cannot receive credit for this course if they have successfully completed EE 0822 or Finance 0822. Mode: Lecture and Computer Lab.

3011. Introduction to Financial Markets (3 s.h.) F S SS.

(Formerly: FINANCE 0101.)

Prerequisite: Economics 1101 (C051) and 1102 (C052); Statistics 1001 (C011), 1102 (C012), and 2101 (C021) or 2103.

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.

Note: Freshmen who were admitted in fall 2008 or after and are Finance or Real Estate majors should not take this course. Students will need to take Finance 3502 and 3503 in place of this course and Finance 3101. This course will not be offered after Spring 2011. Mode: Lecture.

3101. Financial Management (3 s.h.) F S SS.

(Formerly: FINANCE 0103.)

Prerequisite: Economics 1101 (C051) and 1102 (C052); Accounting 2101 (0001) and 2102 (0002) or 2521; Statistics 1001 (C011) and 1102 (C012) and 2101 (C021) or 2103.

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.

Note: Freshmen who were admitted in fall 2008 or after and are Finance or Real Estate majors should not take this course. Students will need to take Finance 3502 and 3503 in place of Finance 3011 and 3101. Mode: Lecture.

3502. Financial Markets (3 s.h.) F S SS.

Prerequisite: Economics 1101 (C051) and 1102 (C052) [or 1901 (H091) and 1902 (H092)]; Statistics 1001 (C011) and 1102/1902 (C012/H092) and 2101/2901 (C021/H093) or 2103/2903; Accounting 2101 and either 2102 or 2521 or by special permission.

The course addresses the fundamentals of financial markets and pricing of financial assets in the global economy that are the foundation knowledge for all other finance courses. Topics include the structure of financial markets and role of financial intermediation, time value of money, structure and pricing of fixed income securities, risk and return across asset classes in capital markets, diversification and asset allocation in investment portfolios, introduction to derivatives instruments and their use in hedging risk in financial markets, and how foreign exchange risk affects fixed income and equity returns.

Note: Required for finance and real estate majors. Required for Finance 3503 and all upper level finance courses except Finance 3521 and 3551. A minimum grade of C is required to enroll in Finance 3503. No credit is is given for both Finance 3502 and 3101.

3503. Corporate Finance (3 s.h.) F S SS.

(Formerly: FINANCE 0211.)

Prerequisite: A minimum grade of C is required in Finance 3502 to enroll in this course, if the student is a Finance or Real Estate major, and Statistics 2101 (C021) or 2103.

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.

Note: Finance and Real Estate majors need to earn a grade of C or better in this course starting spring 2010 to be eligible to take Finance 4596 as well as other upper level courses in the major. Finance 3503 is required for both finance and real estate majors. Entrepreneurship majors should take Finance 3521 instead of this course. Mode: Lecture.

3504. Advanced Corporate Finance (3 s.h.) F S.

(Formerly: FINANCE 0212.)

Prerequisite: A minimum grade of C is required in Finance 3503 to enroll in this course.

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.

Mode: Lecture.

3505. Management of Financial Institutions (3 s.h.) F S.

(Formerly: FINANCE 0213.)

Prerequisite: A minimum grade of C is required in Finance 3503 to enroll in this course.

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.

Note: Freshmen who were admitted in fall 2008 or after and are Finance or Real Estate majors must earn a C or better in Finance 3503 to be eligible to take this course. Mode: Lecture.

3506. Derivatives and Financial Risk Management (3 s.h.) F S.

(Formerly: FINANCE 0218.)

Prerequisite: A minimum grade of C is required in Finance 3503 to enroll in this course.

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.

Mode: Lecture.

3507. Investments (3 s.h.) F S.

(Formerly: FINANCE 0223.)

Prerequisite: A minimum grade of C is required in Finance 3503 to enroll in this course.

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.

Mode: Lecture.

3508. Money and Fixed Income Markets (3 s.h.) F S.

(Formerly: FINANCE 0227.)

Prerequisite: A minimum grade of C is required in Finance 3503 to enroll in this course.

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.

Note: Freshmen who were admitted in fall 2008 or after and are Finance or Real Estate majors must earn a C or better in Finance 3503 to be eligible to take this course. Mode: Lecture.

3509. Real Estate Investment and Finance (3 s.h.) F S.

(Formerly: FINANCE 0240.)

Prerequisite: A minimum grade of C is required in Finance 3503 to enroll in this course.

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

Note: Finance 3509 is required for Real Estate majors. Freshmen who were admitted in fall 2008 or after and are Finance or Real Estate majors must earn a C or better in Finance 3503 to be eligible to take this course.

3511. Entrepreneurial Finance (3 s.h.) S.

Prerequisite: A minimum grade of C is required in Finance 3503 to enroll in this course.

This course provides Finance majors who would like to start their own business or work for a small organization an understanding of how these types of organizations are financed. Topics reviewed include valuation, risk management and planning, investments and valuation concepts. More in-depth coverage of VC funding, managing and funding grow, liquidity and IPOs, mergers, international growth, technology transfers and I.P. acquisitions as well as corporate and strategic venture funds will be covered.

Note: This course was developed specifically for students majoring in Finance. Students who are majoring in Entrepreneurship should take Finance 3521 instead of this course. Freshmen who were admitted in fall 2008 or after and are Finance or Real Estate majors must earn a C or better in Finance 3503 to be eligible to take this course. Mode: Lecture, Case Analysis, and Visitor Presentations.

3521. Financing New Enterprises (3 s.h.) F.

Prerequisite: Finance 3101 (0103) [or 3901 (0193)] and SGM 3501 (0111).

This course provides students who would like to start their own business or work for a small organization an understanding of how these types of organizations are financed. Topics covered include valuation, risk management and planning, investments and funding sources, as well as some basic understanding of VC funding, managing and funding grow, and liquidity.

Note: This course is open only to NON-FINANCE majors. Finance majors should take Finance 3511 instead. Entrepreneurship majors should substitute this course for Finance 3503 (if required.) No credit for both Finance 3511 and 3521. Mode: Lecture, Case Analysis, and Visitor Presentations.

3551. International Financial Markets (3 s.h.) F S.

(Formerly: FINANCE 0250.)

Prerequisite: Finance 3503 with a grade of C for finance and real estate majors. Finance 3101 with a grade of C for all other Fox majors.

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

Note: Starting in fall 2011, this course will not satisfy the requirements of the Finance and Real Estate majors. This course will be available to all other business majors with a prerequisite of Finance 3101. Mode: Lecture.

3552. International Financial Management (3 s.h.) F S.

(Formerly: FINANCE 0251.)

Prerequisite: A minimum grade of C is required in Finance 3503 to enroll in this course.

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.

Note: Freshmen who were admitted in fall 2008 or after and are Finance or Real Estate majors must earn a C or better in Finance 3503 to be eligible to take this course. Mode: Lecture.

3580. Special Topics (3 s.h.) F S.

Prerequisite: A minimum grade of C is required in Finance 3503 to enroll in this course.

Special topics in current developments in the field of Finance.

Note: Freshmen who were admitted in fall 2008 or after and are Finance or Real Estate majors must earn a C or better in Finance 3503 to be eligible to take this course.

3582. Independent Study (1 to 6 s.h.) F S SS.

(Formerly: FINANCE 0395.)

Prerequisite: A minimum grade of C is required in Finance 3503 to enroll in this course; consultation with a faculty member and approval of the department chair.

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

3682. Independent Study (1 to 6 s.h.) F S SS.

(Formerly: FINANCE 0396.)

Prerequisite: A minimum grade of C is required in Finance 3503 to enroll in this course; consultation with a faculty member and approval of the department chair.

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

3901. Honors Financial Management (3 s.h.) S. RCI: HO.

(Formerly: FINANCE 0193.)

Prerequisite: Finance 3011 (0101) or 3911 (0191); Accounting 2101 (0001) and 2102 (0002) [or 2901 (0091) and 2902 (0092)]; Statistics 1001 (C011) and 1102/1902 (C012/H092) and 2101/2901 (C021/H093) or Statistics 2103/2903.

Finance 3901 (0193) is the honors section of Finance 3101 (0103) and meets the FSBM Finance 3101 (0103) requirement.

Mode: Lecture.

3999. Honors Thesis I (1 to 3 s.h.) F S.

Prerequisite: Approval of instructor, Fox School Research Scholar Director, and Fox School Honors Director.

The first of a two-part sequence of courses in which independent research is conducted under the supervision of a thesis advisor from the Finance department resulting in a substantial piece of original research, roughly 30 to 50 pages in length upon completion of Finance 4999. The student must publicly present his/her findings at a Temple University Research Forum session or the equivalent during one of the two semesters during which these courses are undertaken.

4596. Seminar in Financial Management (3 s.h.) F S. RCI: WI.

(Formerly: FINANCE W350.)

Prerequisite: A minimum grade of C is required in Finance 3503 to enroll in this course as well as the majority of the major courses.

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 change.

4597. Seminar in Real Estate Asset Analysis (3 s.h.) RCI: WI.

Prerequisite: Real Estate 3501, Real Estate 3502, Finance 3509. A minimum grade of C in Finance 3503 is required if completed Fall 2009 or later.

Finance 4597 is a detailed study of the financial asset and investment characteristics of commercial real estate using lecture and case analysis techniques. Some class time will be devoted to student interaction and team work development skills. A course project will develop writing and analytical skills. The course covers a variety of topics including acquisition and cash flow analysis, lease analysis, asset and property management strategies, financing strategies, disposition strategies, federal income taxation issues, risk management strategies and standard valuation techniques for commercial real estate. In addition to the course prerequisites, students should have a suitable background in the use of software for basic spreadsheet analysis and data and statistical analysis.

4999. Honors Senior Thesis II (1 to 3 s.h.) F S.

(Formerly: FINANCE 0397.)

Prerequisite: Approval of instructor, Fox School Research Scholar Director, and Fox School Honors Director, as well as completion of Finance 3999.

Independent research conducted under the supervision of a thesis advisor from the Finance Department resulting in a substantial piece of original research, roughly 30 to 50 pages in length. Student must publicly present his/her findings at a Temple University Research Forum session or the equivalent if this was not done in Finance 3999.