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 or waiver

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 630 Financial Risk Management 3 School of Management
This course provides an overview of financial risk management with particular relevance to the management of financial services firms and corporate financial management. The course will examine overall enterprise risk, as well as market risk resulting from volatility of financial asset prices; interest rate risk resulting from uncertainty in yields; credit risk resulting from parties not fulfilling contractual obligations; liquidity risk when an asset cannot be traded quickly at the prevailing market price; and operational risk resulting from managerial or technical issues. The course will also discuss risk measurement tools such as value at risk, beta, portfolio beta, factor sensitivities, duration and portfolio distributions. The course will discuss the relevance of risk measurement tools to the management of financial services firms.

Prerequisite Course(s): Prerequisite: FINC 501 or a waiver

FINC 635 Insurance and Risk Management 3 College of Eng & Comp Sciences
This course discusses the role of insurance in risk mitigation for enterprises. The course provides an overview of the role of insurance markets in the economy and the law of liability and insurance. Property and casualty insurance and employment related insurance are discussed in detail as examples of the use of insurance for risk mitigation.

Prerequisite Course(s): Prerequisite: FINC 501 or waiver

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 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.

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

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 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.

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

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.

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