Graduate Bulletin-School of Business and Management

Examines the microeconomic foundations of macroeconomic phenomena in the labor market. Questions surrounding the nature of employment and its causes are explored. In addition to the topics covered in Econ. 570, this course will include: economic models of unions, contracting and agency models, efficiency wages, insider-outsider models, implicit contracts and job search. Specific articles in these areas will form the basis of the material covered. Particular attention is paid to the mathematics behind many of the theoretical models covered in the course.

680. Theory of Industrial Organization. (3 s.h.)

Prerequisites: Econ. 601.

Microeconomic analysis of the relationship between structure of industries and markets and the conduct and performance of business enterprise. Emphasis on the modern theory of oligopoly including dynamic pricing, contestable markets, and game theory. Specific dimensions of firm conduct include pricing, product differentiation, mergers, and research and development.

701. Topics in Micro Theory. (3 s.h.)

Prerequisite: Econ. 602.

Develops the student's ability to apply current microeconomic theory to the analysis of economic problems.

799. Master of Arts Thesis Research. (credit arranged)

Designed for students who have finished the required course work and are preparing a master thesis or for prelim and qualifying exams.

800. Applied Economics. (3 s.h.)

A one semester course in micro and macroeconomics. Enrollment limited to E.M.B.A. students.

801-804. Economics Seminar. (3 s.h.)

Seminars in particular economics fields are offered as needed.

896-897. Independent Study. (1-6 s.h.)

Prerequisite: approval of the department.

Supervised individual reading and research projects for doctoral students. No more than six semester hours of independent study may be counted toward degree requirements.

899. Doctoral Thesis Research. (credit arranged)

Designed for students who have passed the theory prelims and qualifying exams but do not have an accepted proposal. The course may be taken for 3 credit hours.

999. Doctoral Thesis Research. (credit arranged)

Designed for students who have an accepted proposal and are in the research/writing stage of the thesis. Students living in the Philadelphia metropolitan area are required to attend the seminar and fulfill its requirements. Those living outside the area are required to fulfill its written requirements each semester and to make at least one presentation of their doctoral research in the seminar or elsewhere during the period they are working on their dissertation.

Finance

401. Financial Management of Business. (3 s.h.)

Prerequisite: Stat. 402.

Introductory course intended to survey the theory and practices of business financial management. Note: You must complete the 400-level core for all M.B.A./M.S. programs before taking any 500-level courses.

501. Financial Markets. (3 s.h.)

Prerequisite: Fin. 401.

Financial market theory, operation, and structure. Emphasis on yield levels and patterns, and saving and financial investment decisions.

506. Management of Financial Institutions. (3 s.h.)

Prerequisite: Fin. 401 or permission of instructor.

This course examines legal, regulatory, and social environment issues facing thrift and commercial bank management. Topics include: depository institution market structure, antitrust, lender liability, asset/liability management, risk-based capital, selected foreign banking systems, and other topics of special concern to financial institutions management.

510. Financial Analysis and Planning. (3 s.h.) (Formerly Finance 555)

Prerequisite: Fin. 401 or equivalent.

This course will build a suggested analytical structure for purposes of assessing firm performance. That structure will lay a foundation for developing a financial planning system and for investment analysis. The following topics will be studied: creating measurable firm goals, financial statement analysis, valuing the firm, cash budgeting, capital budgeting, and capital structure planning. The emphasis is on practical application.

511. Asset Management for Business. (3 s.h.)

Prerequisite: Fin. 401 or permission of instructor.

Theory and practice of capital budgeting, working capital management, valuation for acquisition purposes, and financial analysis.

512. Capital Structure of Business. (3 s.h.)

Prerequisite: Fin. 401 or permission of instructor.

Theory and practice of various methods of financing the business concern. Emphasis on devising a capital structure strategy, cost-of-capital theory, and investment banking.

515. Portfolio Theory and Capital Markets. (3 s.h.)

Prerequisites: Fin. 401 and Stat. 401 or permission of instructor.

An introduction to modern portfolio theory and capital market models. Financial decision making under conditions of risk and uncertainty is discussed. Various analytic models are developed and applied.

516. Financial Management-Healthcare Institutions. (3 s.h.)

Prerequisite: Fin. 401 or permission of instructor.

Analysis and forecasting of financial statements. Hospital revenue bond rating and placement. Capital budgeting and structure. Working capital management. Consideration of mergers, joint ventures, and organizational form.

517. Financial and Accounting Aspects of International Management (5 s.h.)

Covers comparative international accounting practices; the analysis of foreign financial statements; transfer pricing and international taxation; the determinants of exchange rates; accounting for foreign currency translation and transactions; hedging foreign exchange exposure; international monetary system; international financial markets, including the foreign exchange and Euro-bond markets; financing foreign trade and foreign direct investment. Theory is reinforced by assignments and exercises that draw on current events and participants' experience.
Note: Enrollment is limited to students in the IMBA program.

518. Options and Futures Markets. (3 s.h.)

Prerequisites: Fin. 401 and Stat. 401, or permission of instructor.

The objective of this course is to provide the student with a working knowledge of the concepts, problems, and applications of speculative securities. This class of securities includes: (1) interest rate, currency, and stock index futures; (2) stock, stock index, currency, and future options; and (3) interest and currency swaps.

521. Investment Management. (3 s.h.)

Prerequisite: Fin. 401 or permission of instructor.

Development of an understanding of investment analysis and risks assessment. A study of techniques useful in analyzing the soundness and values of individual securities, the security market, and price behavior of securities.

535. International Financial Markets. (3 s.h.)

Prerequisite: Fin. 401 or permission of instructor.

Theory, operation, and structure of international financial markets and institutions. International monetary systems, foreign exchange theory, international banking and money markets, and international monetary policy.

536. International Corporate Finance. (3 s.h.)

Prerequisite: Fin. 401 or permission of instructor.

Theory and practice of corporate financial management in international environments. International financing, international investment, foreign exchange and country risk, and international money management.

598-599. Independent Study. (1-6 s.h.)

Prerequisite: approval of the department.

Special study in a particular aspect of finance under the direct supervision of an appropriate graduate faculty member. No more than six semester hours of independent study may be counted toward degree requirements.

615. Seminar in Portfolio Selection and Capital Market Theory. (3 s.h.)

Prerequisite: Stat. 501 or permission of instructor.

Theoretical justification and rigorous mathematical derivation of portfolio selection and capital asset pricing models; comprehensive introduction to the academic literature in this area.

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