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Financial Management:   Offered by the School of Management
 
UNDERGRADUATE COURSES:

Fin 218 - Financial Markets and Institutions (3-0-3)
Prerequisites: ACCT 115 or 117, ECON 266 or 201, MATH 105. This course provides an overview of the main features of financial markets and institutions in the United States, including interest rates and rates of return and how they are determined. It also covers securities traded on the U.S. financial markets including bonds, stocks, and derivatives and discusses how financial institutions, especially commercial banks work, along with the role of government in regulating financial markets and institutions. Effective From: Spring 2014

Fin 315 - Fundamentals of Corporate Finance (3-0-3)
Prerequisites: Acct 115, or Acct 117, ECON 265 or 201, MATH 105. This course focuses on how companies invest in real assets and how they raise the money to pay for those investments. Topics covered include the firm and the financial manager, time value of money, bonds, stocks, and net present value. International finance, risk management, capital structure strategy and case studies of technology-based companies will be introduced. Effective From: Spring 2014

Fin 401 - Securities in Financial Markets (3-0-3)
Prerequisites: FIN 218 and FIN 315. This course offers a quantitative approach to evaluating fixed income securities and to managing bond portfolios. Specific topics include: modern theory of bond pricing, pricing of high risk bonds, derivatives, and risk management. Effective From: Spring 2014

Fin 402 - Financial Risk Measurement and Management (3-0-3)
Prerequisites FIN 218 and FIN 315. This course offers an in-depth analysis of the measurement and management of risk in financial markets. Topics include: assessing overall market risk, credit risk, liquidity risk, settlement risk, volatility risk, measuring portfolio risk, and extreme value risk. Effective From: Spring 2014

Fin 403 - Financial Statement Analysis (3-0-3)
Prerequisites FIN 218 and FIN 315. This course offers comprehensive coverage of analysis of financial statements so that students can: a) evaluate the financial position of a firm; b) assess the firm's inherent value and the value of its securities; c) assess the firm's obligations and its ability to meet them; and d) analyze sources and uses of cash. Effective From: Spring 2014

Fin 404 - Financial Management Using ERP Systems (3-0-3)
Enterprise Resource Planning (ERP) systems are covered in-depth as tools for increasing a firm's profitability, reducing its costs, and for improving its competitiveness. ERP platforms from PeopleSoft and Microsoft as used throughout the course to demonstrate financial management using integrated, firm wide information systems. Effective From: Fall 2005 Until: Spring 2014

Fin 416 - Advanced Corporate Finance (3-0-3)
Prerequisites FIN 218 and FIN 315. Advanced corporate finance with an emphasis on the financial management of technology-based organizations. Case studies are used for comparative analysis. Emphasis is on organizational productivity and profitability. Effective From: Spring 2014

Fin 422 - International Finance (3-0-3)
Prerequisites FIN 218 and FIN 315. Introduction to the international financial management of the firm with an emphasis on technology-based organizations. Topics covered include hedging currency risk, capital budgeting internationally, raising funds internationally. Global competitiveness is addressed with comparative analysis of the financial management practices of American, European and Japanese firms. Effective From: Spring 2014

Fin 423 - Risk Analysis (3-0-3)
Prerequisite: Fin 315. The management of risk in the business enterprise. Topics include meas-urement of risk and hedging strategies, sources of liability, property and liability insurance, and insurance administration.

Fin 430 - Options and Futures Markets (3-0-3)
Prerequisites: FIN 218, FIN 315, Math 135 (or Math 138, Math 111). This course covers options, forward contracts, futures contracts and swaps, and will give students a working knowledge of how these contracts work, how they are used, and how they are priced. Students will learn how corporations and portfolio managers can hedge different kinds of risks or alter the distribution of returns on their portfolios using various techniques. Effective From: Spring 2014

Fin 485 - Special Topics in Finance (3-0-3)
The study of new and/or advanced topics in the various fields of business and their application not regularly covered in any other business course. The precise topics to be covered, along with prerequisites, are announced in the semester prior to the offering of the course. Effective From: Fall 2009

R390:315 - Investments (3)
For more details go to Rutgers Catalog.

R390:329 - Finance (3)
For more details go to Rutgers Catalog.

R390:386 - Futures and Options (3)
For more details go to Rutgers Catalog.

GRADUATE COURSES:

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.