Finance

Name Title Credits School
FINC 501 Finance 1.5 School of Management
An overview of the financial management function in modern business, emphasizing the time value of money and financial analysis. The financial and economic environment and capital markets and securities are covered.

FINC 601 Financial Management 3 School of Management
Topics covered in FINC 601 span a broad spectrum of financial markets and of corporate financial practices to emphasize the development of a comprehensive framework for the theory and practice of financial decision-making. This course uses data and information technology resources to bridge the gap between abstract theories and managerial practices.

Prerequisite Course(s): Prerequisite: FINC 501

FINC 610 Financial Policy and Value Creation 1.5 School of Management
The course focuses on financial policy, corporate governance and value creation. Course content focuses on the use of financial analytic tools to manage the firm.

FINC 620 Executing and Reporting Financial Transactions 1.5 School of Management
Provides a balanced view of the principal financial markets including financial instruments, financial statements and other sources of information, valuation of securities, trading mechanics and reporting results consistently with both accounting standards and Global Investment Performance standards (GIPS). Course content relies on the use of data and informational resources technology to bridge the gap between abstract theories and managerial decision making practices. This course is designed to provide a coherent framework to guide your effective participation in the Capital and Money Markets.

FINC 705 International Finance 3 School of Management
The central theme of this course is financial decision making in a multicurrency setting. Modern paradigms of foreign exchange markets are used to relate differences between countries in terms of interest rates, purchasing power, inflation and changes in the relative values of various currencies. The course develops a modern, consistent and integrated framework of foreign exchange markets and applies it to problems of international financial management. Topics include: interest rate parity, purchasing power parity, balance of payments, adjustment mechanisms, currency risk and hedging foreign exchange exposure, international investment and financing.

Prerequisite Course(s): Prerequisite: FINC 601 or FINC 610 and FINC 620

FINC 715 Futures Markets and Contracts 3 School of Management
This course is an introduction to futures markets. The intent is to familiarize students with institutional aspects of the principal futures markets, to survey existing empirical knowledge of the markets and to present a coherent framework to guide the participation in these markets. After an initial introduction to the institutional settings, operating procedures and trading mechanics, the course focuses on the study of specific markets. First,a few traditional commodity contracts (agricultural products and precious metals) are examined. Then, subsequent study focuses on financial futures contracts on domestic instruments and foreign currencies. Efforts will be made to obtain an integrated view of the cash (spot) forward and futures markets. The emphasis is on the use of futures contracts in trading, hedging, arbitrage and the design of alternatives to cash market investment strategies.

Prerequisite Course(s): Prerequisite: ECON 595 and FINC 601

FINC 720 Corporate Finance 3 School of Management
A broad spectrum of topics will be covered dealing with capital markets and corporate financial policy. Emphasis will be on development of a comprehensive framework for theory and practice of financial decision making. Focus is on long term financial decisions. Specific topics include valuation theories and capital structure, leasing decisions and investment projects.

Prerequisite Course(s): Prerequisite: FINC 601

FINC 725 Options Markets and Instruments 3 School of Management
This course is designed to introduce the main options instruments and trading procedures, within a coherent framework, to guide participation in the options markets. Options contracts are traded on a wide range of securities, stock indices, foreign currencies and on futures contracts on many physical assets and commodities. Most corporate securities embody option like features. Options can be used in portfolio insurance and hedging exposure to price and interest rate fluctuation.

Prerequisite Course(s): Prerequisite: FINC 601

FINC 730 Short-Term Finance 3 School of Management
Management of the short term assets and liabilities of the firm with a special emphasis on liquidity and solvency consideration. Examination of current assets and liabilities in the context of the overall financial performance of the business enterprise. Topics include management of cash balances; marketable securities and receivables; bank loans; accounts payable; factoring receivables; financial ratio analysis; estimating growth potential and financing requirements.

Prerequisite Course(s): Prerequisite: FINC 601

FINC 734 Analysis and Valuation of Equity Investments 3 School of Management
This course focuses on the development of a comprehensive framework for analyzing and evaluating equity investments and selecting stocks. Both Intrinsic ("Absolute") equity valuation models of discounted cash flows to stockholders (Dividends, Free Cash Flows, and Residual Cash Flows) and Relative valuation of Comparable Multiples will be applied and reconciled. The Capital Asset Pricing Model and multi-factor Arbitrage Pricing Theories will be employed. Criteria for choosing an appropriate model for valuing a particular firm will be discussed. Estimates of risk-adjusted-discount-rates, growth rates, and duration of growth phases will be explained. Financial statements will also be utilized to obtain relevant estimates for company and industry analysis and valuation.

Prerequisite Course(s): Prerequisite: FINC 601 or FINC 610 and FINC 620

FINC 736 Management and Valuation of Fixed Income Investments 3 School of Management
This course provides the foundations for one's effective participation in fixed income investment activities. The course starts with a broad overview of the major segments (Treasury, Corporate, Agency, Municipal, Mortgage-Backed, Asset-Based and International) of the fixed income markets and instruments. The features and characteristics if the segments and securities will be discussed. The course then focuses on the development of a comprehensive framework for analyzing, evaluating, and selecting fixed income securities and constructing fixed income portfolios. The following tools and techniques will be included among our means of valuation and management of fixed income portfolios: yield-spreads, term-structure and risk-structure of interest rates, spot rates and forward rates, duration and convexity, cash matching, indexing, immunization, bond swaps, and interest rate options.

FINC 740 Derivatives Analysis 3 School of Management
This course is an introduction to derivatives, including options, futures, forward contracts and SWAPs. The emphasis of this course is on the use of derivatives in trading, hedging, arbitrage and risk management. The course will provide an integrated framework for the valuation of different types of derivatives.

Prerequisite Course(s): Prerequisite: FINC 601 or FINC 610 and FINC 620

FINC 741 Financial Institutions and Portfolio Management 3 School of Management
This course will focus on financial institutions and markets in the context of portfolio construction, management, performance evaluation and performance presentation standards. Specific topics include: capital markets and money markets, roles and functions of monetary institutions, sources and uses of funds, institutional investors, economic indicators, sources of information on global markets, the efficient market hypothesis, market inefficiencies and selection criteria, portfolio diversification methods, asset pricing models, portfolio construction and asset allocations, hedging and risk management, performance presentation standards, performance evaluation and attribution.

Prerequisite Course(s): Prerequisite: FINC 601

FINC 751 E-Finance and Online Investing 3 School of Management
Financial markets are undergoing a rapid e-technology-driven evolution. The Internet offers investors access to a great wealth of relevant information and e-technology also allows for a speedy processing and communicating of such information. The growing complexity of the investment environment - due to accelerating technological changes, globalization, and creation of new exotic securities - is confronting the investor with new opportunities and challenges. This course addresses the opportunities and the challenges by introducing students to the current e-finance tools including financial calculators (CFA versions), menu-driven computerized financial programs, and to several of the leading financial Web sites including: (1) www.bloomberg.com (an Internet version of the Bloomberg Machine commonly used by brokers and traders); and (2) Thomson ONE Business School Edition (similar to the system used by financial analysts and dealers).

Prerequisite Course(s): Prerequisite: FINC 735

FINC 760 Corporate Financial Decision Making 3 School of Management
This course examines established paradigms related to corporate finance and explores advanced theory in financial management. Additionally, the course will apply such concepts and analytical tools learnt in a real-world case study framework to enhance financial decision making in a complex business world.

FINC 765 Portfolio Management 3 School of Management
This course will focus on financial institutions and markets in the context of portfolio construction, management, performance evaluation and performance presentations standards. Specific topics include: the efficient market hypothesis, market inefficiencies and selection criteria, fundamental versus technical analysis, portfolio diversification methods, asset pricing models, portfolio construction and asset allocations, hedging and risk management including the role of derivative securities, performance presentation standards, performance evaluation and attribution.