Fin 516 - Principles of Financial Management (3 credits)
Fundamentals of financial management divided into two segments: investment and corporation finance.
Fin 600 - Corporate Finance I (3 credits)
This course introduces concepts and analytical tools to identify and solve Financial Management problems. After introducing the corporation, the course focuses on how firms invest in real assets (capital budgeting) and how they raise money to pay for assets (financing). Practical problems in valuing bonds, stocks and other investments will be based on the time value of money. The trade-off between risk and return will be introduced with the Capital Asset Pricing Model. Effective From: Fall 2009
Fin 610 - Global Macro Economics (3 credits)
Fin 610 is an introductory graduate course for entering master's students that will also be taking other core Master's courses such as accounting. The course introduces various concepts relating to macroenomics and the financial environment from both a theoretical and institutional perspective. Thus fiscal and monetary policy and actions are covered but are taught using a macroeconomic model that helps identify how particular actions affect the money and goods economies as well as specific financial institutions. Effective From: Spring 2010
Fin 618 - Public and Private Financing of Urban Areas (3 credits)
Ties government's budget, tax policy, allocation of resources between public and private sectors, with the structure, development, and growth needs of urban metropolitan areas. Focuses on problems of poverty, transportation, land-use, economic base, relation between central cities and suburban areas, and alternative engineering and economic solutions. Same as MIP 618 and Tran 604.
Fin 624 - Corporate Finance II (3 credits)
Fin 600 is a prerequisite. The trade-off between risk and return will be examined in the context of historical analysis, portfolio optimization, the Capital Asset Pricing Model and other alternative models. The course will begin with the understanding of the Modigliani and Miller results and introduce bankruptcy, taxes, information asymmetries and other market imperfections. Financial options, put-call parity and option pricing will be introduces. Effective From: Fall 2009
Fin 626 - Financial Investment Institutions (3 credits)
Prerequisite: Fin 600. Introduces the role of banking institutions and investment banks in the domestic and international money market and capital environment to the financial managers. Covers instruments and services of financial intermediaries that are crucial to business management. Discussions range from the financial services and facilities of regional banks to money-center banking institutions. Alternatives of project financing, lending requirements and regulations, project financing, and role of intermediaries in local and international transactions. Focuses on the private placement procedures of all types of securities in the capital market and the unique role undertaken by the investment banking firms. Provides an insight about the public offering process for existing and venture capitalized firms.
Fin 627 - International Finance (3 credits)
Prerequisite: Fin 600. Examines financing of exports and imports, managing multicurrency working capital, international aspects of capital budgeting, cost of capital and their relationship with political, economic, and financial risk. Explores financial innovations and their impact on the firm's financial strategy and performance of overall productivity. Discusses the tax consequences and principal-subsidiary relationship of the multinational enterprise. Introduces international money and capital markets, instruments, derivatives, and institutions.
Fin 630 - Applied Business Econometrics (3 credits)
Introduces methodological development of quantitative tools essential to modern managers. Includes sampling distribution, hypothesis testing, nonparametric statistics, and simultaneous regression models. Centers on application setting with statistical results providing insights into management decisions.
Fin 631 - Working Capital Management and Credit Analysis (3 credits)
Prerequisite: Fin 516. Optimal management of a firm's working capital, such as cash, marketable securities, receivables, and inventories with an emphasis on the institutional background and environmental modeling. Deals with cash flow analysis, the assessment of financial needs, and selecting the appropriate domestic and international sources for meeting a firm's credit needs.
Fin 632 - Financial Valuation of Technology-Based Companies (3 credits)
Prerequisite: Fin 516. Concentrates on techniques and procedures of assessing, managing, and forecasting value of alternative corporate and business level strategies of companies with emphasis on technology-based companies. These strategies include new product introduction, joint venture agreements, new market entries, and capital expenditures.
Fin 634 - Mergers, Acquisitions, and Restructuring (3 credits)
Prerequisite: Fin 600. Focuses on identifying and evaluating potential and international companies for mergers and acquisitions as well as structuring of deals. The financial, social and managerial implications of these changes in corporate ownership will be examined. Topics are: financing M&As, deal structuring, tax implications, valuation, broker/finder agreements, merger negotiations, and post-merger integration.
Fin 641 - Derivatives Markets (3 credits)
Prerequisites: FIN 600. This course introduces students to futures, options, and other derivative securities. Topics include option valuation models, principles of forward and futures pricing, structure of markets for derivative securities, and strategies for hedging and speculation.
Effective From: Spring 2011
Fin 642 - Derivatives and Structured Finance (3 credits)
Prerequisites: Finance 641. This is a second course in the instruments created by modern financial engineering. It continues the study of derivatives from Fin 641 (Derivatives Markets), covering additional types of options and of underlying assets. The second part of the course is devoted to structured finance, including securities backed by mortgages and other types of assets. Effective From: Spring 2010
Fin 643 - Term Structure of Interest Rates (3-0-3)
Prerequisites: FIN 642(Derivatives and Structure Finance), Math 605 (Stochastic Calculus). This course provides the student with a basic understanding of models of the term-structure of interest rates and the pricing of derivatives on bonds and other interest-rate-based securities. Topics covered include arbitrage-free pricing principles, continuous-time interest-rate models, no-arbitrage term structure models, multifactor models, forward measure approach, market models and model calibration. Effective From: Spring 2010
Fin 644 - Credit Risk Modeling (3-0-3)
Prerequisites: FIN 643 (Term Structure of Interest Rates), Math 605 (Stochastic Calculus). This course covers types of credit risk, measurement of credit risk, and methods for changing exposure to credit risk using credit derivatives. Current models for pricing credit derivatives will be analyzed and applied. Effective From: Fall 2011
Fin 650 - Investment Analysis and Portfolio Theory (3 credits)
Prerequisite: FIN 600. This is a basic course in the theory and practice of investing. We will study in depth why and how to form portfolios of securities. A significant amount of mathematical and statistical analysis will be used in answering these questions. Theories of asset pricing based on the relationship between risk and return will be included. We will also discuss criteria for selecting specific securities in different asset classes, such as, stocks, bonds, and derivatives. Effective From: Spring 2011
Fin 655 - Financial Innovations and Market Failures (3-0-3)
Prerequisites: Fin 600. This reading intensive course introduces concepts and problems from derivative markets, entrepreneurial finance, and financial market failures (including financial bubbles). The course focuses on valuation of futures and options (including real options), strategy and incentives for new finance, and information asymmetry and market failures, especially financial market bubbles. Effective From: Spring 2013
Fin 660 - Financial Planning and Decision Making (3 credits)
Prerequisite: Fin 624. This course introduces the in-depth qualitative and quantitative analysis of the short-term and long-term investment and financing decisions in an uncertain environment. The course emphasizes a quantitative analysis (simulation model) and case studies that deal with actual business decisions and challenges. Students are assigned to competing financial management teams in order to develop financial planning and decision making expertise.
Fin 700 - Seminar in Theory and Research in Financial Management (3 credits)
Prerequisites: Fin 624 or Fin 626. Only open to those students who do not do a thesis. The theory and applied tools of financial management. Presented in seminar format with several students working as a team to analyze and resolve an issue in financial management.
Fin 701 - Thesis in Financial Management (6 credits)
Prerequisites: Fin 624 or Fin 626; waived with approval of the assistant dean for graduate programs. Examines:What is research? Why do research? What are the objectives of research? Covers the need for research, criteria for good research and research design, concept of measurement, sampling design, primary data collection, experimentation and simulation, statistical and other types of analysis, and reporting of research findings.