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FIN 1333 Financial Institutions and Markets 4 QH

Explores the financial environment faced by a firm as well as the financial institutions serving the economy. Discusses the forces that determine the changes in money and capital markets and explores the implications of changing financial environment for the management of funds in a firm and/or financial institution. Prereq. ACC1112 and middler standing.

FIN 1335 Managerial Finance 4 QH

Provides students the opportunity to gain knowledge of the advanced tools and concepts used in the financial management of the firm. Topics include inventory and credit policies, risk, capital budgeting, financial structure, cost of capital, dividend policy, and valuation of a firm. Overall financial strategy and timing of its implementation are also examined. Specialized topicsmergers and acquisitions, financial failure, and financial policy for multinational firmsmay be considered in the course. Prereq. FIN1439.

FIN 1346 Investment Management 4 QH

Presents a broad overview of the concepts, practices, and procedures of investment management. Covers basic security types, security market operations, security analysis (both fundamental and technical), and an introduction to portfolio management. Prereq. FIN1439.

FIN 1438 Principles of Finance 1 4 QH

Familiarizes students with the concepts, tools, practices, and procedures in financial management. Covers capital budgeting, valuation, and time value of money; financial planning, analysis, and risk management. Uses problems, case discussions, spreadsheet analysis, and other computer-based teaching tools to enhance student understanding of financial concepts. Prereq. ACC1111, MSC1200, and middler standing.

FIN 1439 Principles of Finance 2 4 QH

Analyzes financial statements of the firm, with emphasis on long-term planning and financing, financial policy, and short-term planning. International corporate finance and financial ethics are covered in both FIN1438 and FIN1439. Strong emphasis is placed on the link of finance to other functional areas such as strategy, marketing, operations, and accounting. Prereq. ACC1112, MSC1201, and FIN1438.

FIN 1503 Taxes and Financial Decisions 4 QH

Uses the case method to discuss a number of financial decisions that are greatly influenced by tax considerations, the most important of which are concerned with capital structure, dividend policy, acquisition terms, investment policies, and liquidations. The federal income tax receives primary consideration, but state and foreign taxes are also discussed. Prereq. FIN1439 and middler standing.

FIN 1520 Financial Risk Management 4 QH

Explores the concepts of financial futures, options on financial futures, and listed options markets as developed to help corporations and financial institutions manage risk. Topics include mechanics of these markets, techniques that can hedge risk exposure, tracing methods, and current developments in the field. Prereq. FIN1346.

FIN 1526 Securities Markets 4 QH

Analyzes the operation of the securities market. Provides students the opportunity to examine in detail the operation and function of investment bankers, broker-dealers, and securities exchanges. Studies the mechanics of cash and margin accounts, trading options, and regulations affecting securities markets. Prereq. FIN1439.

FIN 1530 Working Capital Management 4 QH

Examines strategies and analytical approaches to managing current assets and current liabilities. Explores corporate cash management under changing money market conditions. Discusses the use of interest rate futures and working capital management in a multinational context. Prereq. FIN1439.

FIN 1531 Valuation and Value Creation 4 QH

Explores recent developments in financial management and financial analysis through the use of modern finance theory, to make capital allocation decisions that lead to long-run value maximization for the corporation. Focuses on applications and financial model-building. Examines risk analysis by building spreadsheet models for valuation and risk-analysis applications. Utilizes valuation analysis models to merge financial, corporate, and business strategies to measure and manage corporate value. Develops an understanding of the mechanics of the valuation process, along with an understanding of the drivers of value and development of strategies for value creation. Topics covered are relevant to value consultants, corporate managers, and securities analysts.

FIN 1535 Issues in Corporate Governance 4 QH

Examines the nature of conflicts over control of the corporation. Applies modern finance theory and practice to the issues raised and draws on seminal works in the finance and economics literature that influence the current debates in this area. Discusses legal and ethical considerations that are especially important in corporate-control issues. Uses cases involving well-known takeovers of the 1980s as well as current hostile takeover battles to illustrate the theories discussed. Prereq. FIN1439.

FIN 1538 Financial Ethics 4 QH

Considers the ethical issues and problems that are involved in the financial decision. Helps students understand ethical dilemmas in the world of finance and their influence on business decisions and behavior. Involves preparation and discussion of case studies and making class presentations; requires logic, intellect, and develops ethical values. Prereq. FIN1438.

FIN 1540 Management of Financial Institutions 4 QH

Studies the decision-making problems faced by financial institutions, such as commercial banks, savings and investment institutions, and finance companies when viewed as competitive, profit-seeking business entities. Covers such topics as the nature and scope of the capital markets confronting institutions, specialized problems regarding the sources and uses of funds of financial institutions, the nature of competition, the regulation of financial institutions, and strategic policy planning of financial institutions. Prereq. FIN1333 or FIN1439.

FIN 1543 Modern Portfolio Management 4 QH

Analyzes the process of constructing and managing an asset portfolio to meet stated objectives. Exposes students to theoretical models of portfolio choice and statistical analysis of appropriate data. Offers students an opportunity to design a portfolio that combines theory with the practice of portfolio management in an international context. Covers performance evaluation. Prereq. FIN1346.

FIN 1544 Bank Management 4 QH

Covers the structure, regulation, and financial management of commercial banks in a globally competitive environment. Topics include measuring bank performance, managing interest rate risk, the analysis of foreign exchange activities, managing liabilities and capital risk, determining the cost of funds, managing cash assets and planning and controlling liquidity, bank investment and noninterest income policies, the extension of credit and the analysis of credit worthiness, and merger and acquisition valuation. These are studied through lectures, readings, case analyses, and class discussions.

FIN 1545 Investment Banking 4 QH

Focuses on the managerial functions of investment banking firms. Examines the role of investment bankers in linking capital requirers (corporations, governments, and institutions). Discusses market structure changes.

FIN 1549 Principles of Real Estate 4 QH

Surveys the field of real estate, including principles of real estate law, transactions, brokerage, management, development, valuation, taxation, finance, and investment. Analyzes real estate markets with linkages to legal property rights, urban economics and finance. Familiarizes students with concepts and practices in real estate markets to prepare for future studies in real estate. Prereq. FIN1438.

FIN 1550 Real Estate Finance and Investment 4 QH

Provides a framework of real estate finance and investment, on both theory and practice. Examines all aspects of real estate financing including the primary and secondary mortgage markets, real estate financial institutions, regulations and mortgage-backed securities. Analyzes the return, risk and various strategies in real estate investments with financial methods and techniques. Uses case discussions, spreadsheet analysis, and investment projects to make learning effective. Prereq. FIN1439 and FIN1549.

FIN 1562 Employee Benefits Management 4 QH

Covers the design, implementation, and financing of corporate employee benefit plans. Presents a comprehensive analysis of qualified and nonqualified benefit and executive compensation plans. Emphasizes the proper management, design, and financing of these plans to achieve corporate goals at minimum feasible cost. Studies alternative methods of financing benefit and executive compensation plans. Includes recent developments in Social Security, benefits, and tax legislation. Prereq. FIN1439.

FIN 1566 Risk Management and Insurance 4 QH

Emphasizes the functional area of corporate risk management. Covers such areas as organizing and controlling the risk management function; identifying, measuring, controlling, and financing risk; selecting the best method of risk treatment; and implementing and monitoring risk management. Topics of exposure analysis include property, liability (public, employer, products, officers and directors, and professionals), income, and extraordinary expense losses. Covers treatment methods such as self-insurance, off-shore captive, retention groups, and commercial insurance. Includes recent developments such as tort reform integration of risk management with modern financial theory, as well as implications and analysis of recent tax reforms. Prereq. FIN1439.

FIN 1580 Personal Financial Management 4 QH

Emphasizes the development of personal financial management expertise, based on an integrated plan for personal choices. Focuses on an overall personal economic plan and unites such diverse topics as inflation and investment selection, insurance, short- and long-run hedges against the purchasing power risk, and purchasing assets. Encourages decision-making through analyzing alternative courses of action. Prereq. FIN1438.

FIN 1591 Independent Study 1 QH

Allows the student who has received approval to undertake independent study in lieu of any course required in the various concentrations. Students present proposals to an Independent Studies Committee for evaluation and approval. Every proposal requires a detailed outline of the objectives and plan of study and must be accompanied by a supporting statement from the supervising faculty member under whose direction the study will take place. A copy of the final report prepared by the student will be presented to the appropriate Independent Studies Committee. Further information about the Independent Studies Program can be obtained from concentration coordinators.

FIN 1592 Independent Study 2 QH

Same as FIN1591.

FIN 1593 Independent Study 3 QH

Same as FIN1591.

FIN 1594, FIN 1595, FIN 1596, FIN 1597 Independent Study 4 QH each

Same as FIN1591.

FIN 1739 Principles of Finance 2 (Honors) 4 QH

Analyzes financial statements of a firm with emphasis on long-term planning and financing, financial policy, and short-term planning. Covers both international corporate finance and ethics in finance. Places strong emphasis on the link of finance to other functional areas such as strategy, marketing, operations, and accounting. Prereq. ACC1112, FIN1438, MSC1201.

FIN 1759 International Financial Markets 4 QH

Introduces international financial markets, including balance of payments, history of the international monetary system, exchange-rate determination, foreign-exchange-exposure hedging strategies, and international capital markets. Emphasizes how international financial markets work and how corporations must adapt their decision-making to the international environment. Prereq. FIN1439.

FIN 1760 International Financial Management 4 QH

Examines how the financial strategies and policies of multinational corporations differ from domestic corporations and how financial management is utilized in an international setting to achieve corporate goals. Specific topics include cost of capital, capital budgeting, capitalization policies, and management techniques for dealing with exchange-rate exposure and working-capital issues. Knowledge of exchange rates is assumed. Prereq. FIN1759.

FIN 1770 Entrepreneurial Finance 4 QH

Provides a summary overview of entrepreneurial finance with a specific focus on small businesses, corporate ventures, and intrapreneurship. Applies knowledge of corporate finance in the context of starting, acquiring, managing, and divesting a business or a business unit within a corporation. Covers such topics as analyzing the financial needs of new ventures, sources of financing, managing decline, valuation, and exit strategies. Provides students with the opportunity to work with College of Engineering students in a special project funded by the General Electric Foundation.

FIN 1804 Issues in Corporate Control (Honors) 4 QH

Examines the nature of conflicts over control of the corporation, which often erupt as proxy fights or hostile takeover attempts. Such conflicts cause scholars, managers, shareholders, and legislators to reexamine fundamental beliefs regarding the nature of the publicly held corporation. While applying modern finance theory and practice to understand the issues raised, the course also draws on seminal works in finance and economics literature that influence current debates in this area. Addresses the legal and ethical considerations especially important in corporate control issues. Uses cases involving well-known takeovers of the 1980s as well as current hostile takeover battles to illustrate the theories discussed. Prereq. Honors participation or instructor's permission.

FIN 1818 Turnaround Management (Honors) 4 QH

Examines strategies for identifying companies likely to fail and selecting and implementing remedial actions. Covers such topics as business turnarounds, troubled companies, workouts, bankruptcies, and liquidations, using case studies and readings. Students will evaluate a turnaround plan. Prereq. Honors participation or permission of instructor.

FIN 1820 Fixed-Income Securities and Risk (Honors) 4 QH

Exposes students to theory, applications, and evidence concerning highly sensitive interest rate products. Teaches recent developments in pension fund management, asset/liability management, duration matching, `gap' management, concurrent interest rate and exchange rate management, and other important issues confronting domestic and international financial and corporate management. Students can learn how to customize a risk-management program. Prereq. FIN1346.

FIN 1891 Honors Thesis in Progress 0 QH

FIN 1892 Honors Thesis 8 QH

FIN 1893 Honors Thesis in Progress 0 QH

FIN 1894 Honors Thesis 12 QH

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