FIN - Finance

FIN 260 Financial Management

Students must fulfill the prerequisites and have completed 48 college credits (upper sophomore standing).
(formerly FIN 301)

Course Description: This course introduces students to the financial decisions facing the manager. Topics include: financial analysis of the firm's current and future financial condition; efficient management of the firm's assets; sources of short and long-term financing; introduction to financial theory, including valuation, capital budgeting, leverage, capital structure and the timing of financial decisions.

Course Rotation: Fall, Spring, and Summer.

3 credits

Prerequisites

Pre-Requisite for FIN 260 ( Course : ECO 106 . Minimum Grade of D. ) and (Course : ACC 203 . Minimum Grade of D. ) and (Course : ACC 204 . Minimum Grade of D. May be taken concurrently. ) and (Course : MAT 104 . Minimum Grade of D. ) or (Course : MAT 137 . Minimum Grade of D. ) and (Course : MAT 134 . Minimum Grade of D. ) or (Course : MAT 234 . Minimum Grade of D. ) or (Course : MAT 117 . Minimum Grade of D. ) and ( )

FIN 301 Financial Management

Course Description: This course introduces students to the financial decisions facing the manager. Topics include: financial analysis of the firm's current and future financial condition; efficient management of the firm's assets; sources of short and long-term financing; introduction to financial theory, including valuation, capital budgeting, leverage, capital structure and the timing of financial decisions.

Course Rotation: Fall, Spring, and Summer.

3 credits

Prerequisites

ACC 204 Min Grade D and ECO 105 Min Grade D and MAT 104 Min Grade D and MAT 117 Min Grade D

FIN 307 Managerial Finance

Prerequisite: FIN 260 or FIN 301, ECO 106, MAT 111 or MAT 131 and junior standing .

Course Description: This course emphasizes techniques of corporate valuation and investment decisions as they relate to the asset side of the firm's balance sheet. Topics essential to corporate financial analysis, including advanced capital budgeting, working capital management, financial forecasting, and managerial economics, are also covered.

Course Rotation: NY: Fall, Spring, and Summer. PL: Fall and Spring.

3 credits

Prerequisites

Pre-Requisites: FIN 307/ 351 ( Course : FIN 301 . Minimum Grade of D. ) or (Course : FIN 201 . Minimum Grade of D. ) or (Course : FIN 260 . Minimum Grade of D. ) and (Course : ECO 106 . Minimum Grade of D. ) and (Course : MAT 111 . Minimum Grade of D. ) or (Course : MAT 105 . Minimum Grade of D. ) or (Course : MAT 131 . Minimum Grade of D. )

FIN 320 Corporate Finance

Course Description: This course examines financial decision making as it relates to the capital side of the firm's balance sheet. Topics covered include capital structure policy, corporate control, sources of long-term financing, mergers, and restructuring. Formerly, Advanced Financial Analysis, 4 credits

Course Rotation: NYC: Fall, Spring, and Summer. PLV: Fall and Spring.

3 credits

Prerequisites

Pre-requisite for FIN 320 ( Course : FIN 260 . Minimum Grade of D. )

FIN 325 Data Analysis in Finance

Course Description: This course teaches estimation of asset pricing and dynamic volatility models using examples, cases and applications with real and simulated data. The course will also examine credit risk models, market efficiency, behavioral finance models and dynamic relationships between global financial markets. An empirical paper on a specific financial topic is a course requirement.

Course Rotation: NY: Spring.

3 credits

Prerequisites

(FIN 201 Minimum Grade of D or FIN 260 Minimum Grade of D or FIN 301 Minimum Grade of D) and ( MAT 117 Minimum Grade of D or MATA 117 Minimum Grade of D) and ECO 240 Minimum Grade of D or ( MGT 255 Minimum Grade of D or MGT 355 Minimum Grade of D)

FIN 330 Personal Financial Planning

Course Description: This course provides an overview of the management of personal financial activities including cash flow planning, investments, taxes, risk management-insurance, retirement and estate planning. Students learn how to integrate these activities into an overall financial plan given individual goals and needs.

Course Rotation: NYC: Fall. PLV: TBA.

3 credits

Prerequisites

FIN 201 Minimum Grade of D or FIN 260 Minimum Grade of D or FIN 301 Minimum Grade of D

FIN 340 Valuation of the Firm

Course Description: This course deals with the valuation of the levered firm. A significant part of the course will be devoted to learning the technique of discounted cash flow valuation of a firm which is financed with a variety of financial instruments, primarily common stocks and long term debt. Students will learn about the techniques of forecasting future cash flows based on fundamental analysis, macro-economic analysis, and industry characteristics. The course will also examine the valuation of corporate leases, and employee stock option plans. The technique of Economic Value Added (EVA) will be examined.

Course Rotation: NY: Fall and Spring, PL: Fall

3 credits

Prerequisites

FIN 320 Minimum Grade of D or FIN 220 Minimum Grade of D

FIN 350 Global Money and Capital Markets

Prerequisite: FIN 260 or FIN 301, ECO 238 and junior standing.

Course Description: A survey of the sources and uses of funds in financial markets from the standpoint of both investors and users. The course examines short, intermediate and long-term sources of financing business operations and the structure of market interest rates for various financing instruments. Markets examined include those for money market instruments, stocks and bonds, stock options, T-Bill futures, Ginnie Mae futures, Eurodollars and Eurobonds. The various applications of interest rate theory, Federal Reserve Operations, U.S. Treasury Operations and international financing to financial markets are studied.

Course Rotation: NYC: Fall, Spring, and Summer. PLV: Spring.

3 credits

Prerequisites

(FIN 201 Minimum Grade of D or FIN 260 Minimum Grade of D or FIN 301 Minimum Grade of D) and ECO 238 Minimum Grade of D

FIN 351 Principles of Investment

Prerequisite: (FIN 201 or FIN 260 or FIN 301) and (ECO 106 or ECOA 106 or ECO 106A) and (MAT 105 or MAT 111) or MAT 131 and junior standing.

Course Description: This course serves as an introduction to the micro/macro financial, investment and economic environment in which the external analyst must function. Topics include: a general introduction to the markets for securities and investments; macroeconomic influences on the money and capital markets; general analysis of specific classes of securities and investments; investment-risk analysis and the efficient market hypothesis.

Course Rotation: NYC: Fall, Spring, and Summer. PLV: Fall and Spring.

3 credits

Prerequisites

Pre-Requisites: FIN 307/ 351 ( Course : FIN 301 . Minimum Grade of D. ) or (Course : FIN 201 . Minimum Grade of D. ) or (Course : FIN 260 . Minimum Grade of D. ) and (Course : ECO 106 . Minimum Grade of D. ) and (Course : MAT 111 . Minimum Grade of D. ) or (Course : MAT 105 . Minimum Grade of D. ) or (Course : MAT 131 . Minimum Grade of D. )

FIN 352 Risk Management

Prerequisite: Junior standing required.

Course Description: Risk management involves identifying events that have the potential of adverse financial consequences on the form, and them taking measures to prevent or minimize the perspective losses. Students will learn how to quantify financial risks arising from volatility of financial asset prices such as interest rates, stock prices, and commodity prices. Techniques to manage the types of eventualities arising from financial risks are also covered in the course.

Course Rotation: NY and PL: Fall and Spring

3 credits

Prerequisites

FIN 260 Minimum Grade of D or FIN 301 Minimum Grade of D and FIN 351 Minimum Grade of D

FIN 355 Portfolio Theory and Management

Prerequisite: FIN 351 and junior standing.

Course Description: Comprehensive analysis of the relative valuation of individual investments, including the effects of diversification; a quantitative/analytical approach is emphasized. Topics include: evaluation and investment merits of the economy, capital markets, industry sectors and individual securities, hedging and speculative versus technical analysis, portfolio theory, management and performance analysis.

Course Rotation: NYC: Fall and Spring. PLV: Fall.

3 credits

Prerequisites

FIN 351 Minimum Grade of D

FIN 356 Options, Futures and Swaps

Prerequisite: FIN 351 and junior standing.

Course Description: This course is an overview of the options, futures and swaps market. Its primary objective is to provide the student with the theoretical background and analytical tools necessary to understand options, futures and swaps and the markets in which they are issued and traded. Particular emphasis will be placed on the use of options, futures, and swaps as instruments to hedge risk in the financial markets.

Course Rotation: NYC: Fall and Spring. PLV: Fall.

3 credits

Prerequisites

FIN 251 Minimum Grade of D or FIN 351 Minimum Grade of D

FIN 357 Student Managed Investment Portfolio

Students must fulfill the prerequisite or get permission of the instructor.

Course Description: The Student Managed Investment Portfolio course deals with the valuation of corporate securities, primarily stocks, for the purpose of making investment decisions for a Student Managed Portfolio funded by money donated and loaned to the University for this undertaking. Students will learn how to incorporate macro-economic, firm and industry-specific data into discounted cash flow and relative valuation models. This course goes beyond theory and exposes the students to those valuable experiences that can only be acquired from actual practice.

Course Rotation: NYC: Fall. PLV: Spring.

3 credits

Prerequisites

Pre-requisite for FIN 357 ( Course : FIN 260 . Minimum Grade of D. ) and (Course : FIN 351 . Minimum Grade of D. )

FIN 358 International Finance

Course Description: The course explores international finance in business, including strategy and motivation for direct foreign investment, international banking operations, lending and investment criteria, governmental programs to encourage exports, trade restrictions, foreign currency markets and exchange controls. Special problems of multinational firms are also covered.

Course Rotation: NYC: Fall, Spring, and Summer. PLV: Fall and Spring.

3 credits

Prerequisites

(FIN 201 Minimum Grade of D or FIN 260 Minimum Grade of D or FIN 301 Minimum Grade of D) and ( ECO 106 Minimum Grade of D or ECOA 106 Minimum Grade of D or ECO 106A Minimum Grade of D)

FIN 359 Principles of Fixed Instruments and Markets

Prerequisite: FIN 351 and junior standing.

Course Description: Analyses of the trading, pricing and use of various fixed income cash and derivative instruments including fixed and floating-rate bonds, mortgage backed securities, swaps, and interest rate options. Emphasis is placed on product valuation, bond fund management, and interest rate and credit risk controls. This course will be helpful to students in preparing for professional licensing securities exams and the CFA exam.

Course Rotation: NYC: Spring. PLV: TBA.

3 credits

Prerequisites

FIN 351 Minimum Grade of D

FIN 360 International Finance Field Study

Prerequisite: FIN 260 or FIN 301 and junior standing. New Core: Fulfills 3 credits in Civic Engagement and Public Values (Area of Knowledge I). Service Learning component.

Course Description: The International Finance Field Study incorporates a trip to major international financial centers. While visiting these countries, the students will attend seminars given by corporate and investment bankers, government officials, and other financial executives. The course will cover various aspects of the international financial markets of the countries visited. Prior to leaving the U.S., students will attend class meetings covering topics relevant to the seminars given in the host countries. Students will also gain extensive exposure to the various financial databases.

Course Rotation: NYC: TBA. PLV: TBA.

3 credits

Prerequisites

FIN 260 Minimum Grade of D or FIN 301 Minimum Grade of D

FIN 360A International Finance Field Study: India as a Market-oriented Economy: Present and Future

Prerequiste: FIN 260 or FIN 301 and junior Standing. Restricted to students in Lubin Leaders and Scholars Program.

Course Description: In recent years, India has made great strides and has become an integral part of the global economy. This course will explore the implications of this changing business environment for management and financing strategies of both Indian and US firms operating in the region. Each year, the course will focus on a relevant group of industries and travel to one or more cities; students will visit firms in these industries, as well as cultural and historical sites, and business schools in order to allow them to obtain a broad understanding of the financing and management issues in their social and economic context.

3 credits

Prerequisites

FIN 260 Minimum Grade of B or FIN 301 Minimum Grade of B

FIN 360J Topic: International Field Study: Japan

Course Description: This course is an international field study course which incorporates a one-week trip to Japan. While on Japan, students will attend seminars given by corporate and investment bankers, government officials, and other financial executives. There will be on-campus lectures discussing the relevant theories and principles prior to our departure on the trip.

3 credits

Prerequisites

FIN 260 Min Grade D

FIN 360R Economic Competitiveness and Leadership: Field Study to Russia and Finland

Course Description: This course will explore the theme of "Economic Competitiveness and Leadership". We will study the characteristics of international business and financial markets and evaluate the associated risks and benefits within the framework of changing global economic conditions, devoting special attention to Europe and regional integration. We will further consider these characteristics and trends within the context of global competitiveness and modern leadership challenges. Students will have the opportunity to meet with political and business leaders and learn more about the business culture in these countries.

3 credits

FIN 394 Finance Internship

Students must fulfill the prerequisite and maintain a minimum GPA of 3.00. Permission of the Finance Department Chair or Undergraduate Program Chair is also required.

Course Description: Finance majors with strong academic records may apply to undertake a carefully planned work experience, under the supervision of a faculty advisor, that will demonstrate the practical application of their classroom training. Students are required to maintain a log of their internship activities and complete a paper which integrates work assignments with the study of finance. Interested students should contact the Finance Department.

Course Rotation: Fall, Spring, and Summer.

3 credits

Prerequisites

FIN 201 Minimum Grade of D or FIN 260 Minimum Grade of D or FIN 301 Minimum Grade of D

FIN 395 Finance Independent Study

Prerequisite: FIN 301, Junior standing, and a minimum CQPA of 3.00.

Course Description: With the approval of the appropriate faculty member, the department chair and the academic dean, students may select a topic for guided research that is not included in the regular course offerings. The student meets regularly with the faculty member to review progress. A research project or paper must also be submitted.

Course Rotation: TBA.

1 - 6 credits

Prerequisites

FIN 301 Min Grade D

FIN 396Q Topic: Corporate Governance

Course Description: This course discusses a variety of issues concerning the governance of the corporation including ownership, director and CEO performance and compensation, mergers and acquisitions and corporate restructuring. Special emphasis will be placed on takeovers and recent failures in governance, both domestic and international.

3 credits

Prerequisites

FIN 301 Min Grade D and (FIN 320 Min Grade D or FIN 351 Min Grade D)

FIN 396R Topic: Inefficient Markets, The Financial Crisis and Behavioral Finance

Prerequisite: Junior standing.

Course Description: This is a course on several very interesting issues in financial economics, and requires active participation in class discussion. First we examine the lack of empirical support for the foundation of modern financial economics, efficient market theory. We use two books (The Myth of Rational Markets and Irrational Exuberance) to examine this issue. Then we examine the 2008 Financial Crisis. This crisis also shows how many of the models that finance used were wrong. We will examine the crisis by reading two books (The End of Wall Street and Too Big to Fail). Finally we will examine behavioral finance by examining the book Behavioral Finance and Wealth Management.

Course Rotation: NY: Spring.

3 credits

Prerequisites

FIN 260 Min Grade D

FIN 396S Topic: Alternative Investments

Course Description: This course surveys a broad range of Alternative Investment strategies with particular emphasis on Hedge Funds. Students will learn how large, sophisticated Institutional Investors (i.e pensions, not-for-profit foundations and endowments) use these investment strategies in practice. This course will teach the foundations of different types of Alternative Assets and Investments. This course will focus on global hedge fund trading strategies such as relative value and arbitrage trading, event-driven strategies (i.e distressed debt) and hedge equity (i.e directional and market neutral). The course will discuss hedge fund structures, business model and performance measures. This course will also discuss the latest regulatory environment.

Coure Rotation: NY: Spring.

3 credits

Prerequisites

FIN 260 Min Grade D and FIN 351 Min Grade D

FIN 396T Topic: The Chinese Financial System

Course Description: This course will explore the Chinese financial system - how it is structured, how it works, and how effective it is in fulfilling the functions that are expected of a financial system. The course will also examine the unique political economy of the Chinese financial system - in its historical past, in its current structure, and its prospects for the future.

Course Rotation: NYC: Spring, even years.

3 credits

Prerequisites

ECO 105 Min Grade D and ECO 106 Min Grade D

FIN 495 Business Honors Program Senior Thesis in Finance

Prerequisite: FIN 320 or FIN 351, and senior standing in the Finance Program. Approval of Director or Associate Director of Business Honors Program required.

Course Description: The Business Honors Program (BHP) provides students with the unique opportunity to pursue advanced study of a topic in their major area under the direction of a faculty mentor. The focus of the project can be either scholarship (research) or leadership (application) oriented. It should address an important and/or current issue in the discipline while allowing the student flexibility for the manifestation of his or her unique interests and objectives. Successful completion of the senior thesis is required of all BHP students. The outcome of the project will be a written report and presentation. Abstracts of completed projects will be published in appropriate outlets.

Course Rotation: Fall and Spring.

3 credits

Prerequisites

Pre-requisite for FIN 495 ( Course : FIN 320 . Minimum Grade of D. ) or (Course : FIN 351 . Minimum Grade of D. )

FIN 600 Graduate Independent Study in Finance

1 - 9 credits

FIN 600A Graduate Independent Study in Finance (A)

1 - 9 credits

FIN 631 Securities Law and Regulations

Course Description: Studies the securities industry as part of the domestic and international financial services industry and the role of government regulation in controlling misconduct and stimulating financial and technical innovation. The course includes the basic SEC disclosure methods and documents the development of Generally Accepted Accounting Principles, securitization, investment banking and trading methods, broker-dealer regulation, tender offers, proxy contests and insider trading.

3 credits

Prerequisites

Pre-requisite for FIN 631 ( Course : MBA 648 . Minimum Grade of C. )

FIN 632 Introduction to Financial Decision Making

Course Description:This course introduces the students to the essentials of financial decision making within the firm as well as the general characteristics of financial markets and securities. It is intended to provide the student with the background to understand the role of risk in the financial markets as well as the management of risk within the firm.
Course Rotation:NY;Fall

3 credits

FIN 634 Entrepreneurial Finance

Course Description: Examines the framework for return on investment calculation and criteria in new ventures, cash management techniques and controls for small businesses; equity and debt sources and their criteria for investment in new businesses; additional sources of capital and entry strategies for new businesses. Covers the financial skills needed at each level and phase of a new venture's development. Reviews the equity and debt markets for start up firms and alternative entry strategies such as franchising and acquisition.

3 credits

Prerequisites

Pre-requisite for FIN 634 ( Course : FIN 647 . Minimum Grade of C. ) or (Course : MBA 648 . Minimum Grade of C. ) or (Course : MBA 632 . Minimum Grade of C. ) and (Course : MGT 632 . Minimum Grade of C. )

FIN 644 Money and Capital Markets

Course Description: Studies the flow of funds in the short-term and long-term financial markets. Sources and uses of funds, interest rate theory, the role of the Federal Reserve System and the U.S. Treasury are studied to provide background for interpretation of current developments.

3 credits

Prerequisites

MBA 644 Minimum Grade of C and MBA 648 Minimum Grade of C

FIN 647 Advanced Corporate Finance

Course Description: This course provides students with the tools and concepts of modern financial theory and how to apply them to corporate financial decision, building upon the basic principles of finance developed in introductory finance. It covers issues such as capital budgeting, working capital management, capital structure, corporate control, corporate governance, and dividend policy. In addition, advanced topics such as mergers and acquisitions and the use of real option theory in making corporate financial decision may be addressed.

Course Rotation: NYC and WP: Fall and Spring.

3 credits

Prerequisites

MBA 646 Min Grade C and MBA 648 Min Grade C

FIN 648 Mergers and Acquisitions

Course Description: Analyzes corporate combinations and their effects on management, labor, the consumer, the economy, etc. Topics include the economic and financial setting of business combinations, the motives for mergers, merger valuation, merger financing, merger negotiations and the consequences of such corporate activities.

3 credits

Prerequisites

Pre-requisite for FIN 648/649 ( Course : FIN 647 . Minimum Grade of C. ) and (Course : MBA 648 . Minimum Grade of C. ) or (Course : BUS 512 . Minimum Grade of C. ) or (Course : MBA 632 . Minimum Grade of C. )

FIN 649 International Corporate Finance

Course Description: Surveys the financial environment, goals and problems of the multinational corporation. Analyzes the financial opportunities and risks resulting from business operations in differing political, economic and monetary systems. Topics include: balance of payments accounting and analysis techniques, the evolution of the international monetary system with special emphasis on current issues, foreign exchange rate determination and forecasting, foreign exchange risk and exposure management techniques, environmental risk management. Covers special topics in international finance such as working capital management strategies, capital budgeting, cost of capital and optimal financial structure.

3 credits

Prerequisites

Pre-requisite for FIN 648/649 ( Course : FIN 647 . Minimum Grade of C. ) and (Course : MBA 648 . Minimum Grade of C. ) or (Course : BUS 512 . Minimum Grade of C. ) or (Course : MBA 632 . Minimum Grade of C. )

FIN 650 Applied Analytical Methods in Finance

Course Description: Introduces advanced methodological tools required to do research in finance and investment analysis. Topics include study of simple linear regression, multiple regression analysis, analysis of variance, discriminate analysis, factor analysis and non-parametric tests. Emphasizes modern portfolio theory. Use of computers is required.

3 credits

Prerequisites

FIN 652 Minimum Grade of C and MBA 644 Minimum Grade of C or MBA 626 Minimum Grade of C

FIN 651 International Banking and Financial Markets

Course Description: Provides a survey of the structure and dynamics of international financial markets and their linkages to domestic markets. Topics include the global profile of capital movements, the Eurocurrency and major domestic money markets, the international capital markets including bonds and syndicated credits, the foreign exchange market. One focus of the course is optimizing international financial asset portfolios.

3 credits

Prerequisites

FIN 644 Minimum Grade of C

FIN 652 Investment Analysis

Course Description: Provides a solid foundation in the investment field. Considers aspects of accounting, economics, finance, strategic management and marketing and management science relevant to modern investment analysis. Topics include the analysis and understanding of security markets, the economy, industries, companies, and the analysis and valuation of corporate securities.

3 credits

Prerequisites

Pre-requisite for FIN 652 ( Course : MBA 632 . Minimum Grade of C. ) or (Course : BUS 512 . Minimum Grade of C. ) or (Course : MBA 648 . Minimum Grade of C. ) and (Course : MBA 644 . Minimum Grade of C. ) or (Course : MBA 626 . Minimum Grade of C. )

FIN 653 Portfolio Analysis and Management

Course Description: Analyzes the theory and practice of modern investment management. Topics include quantitative concepts, portfolio analysis, capital asset pricing theory model, performance measurement, efficient market hypothesis, portfolio management process, use of derivative securities, ethical and legal considerations and professional standards.

3 credits

Prerequisites

Pre-requisite for FIN 653/679 ( Course : FIN 652 . Minimum Grade of C. ) and (Course : MBA 646 . Minimum Grade of C. ) or (Course : MBA 628 . Minimum Grade of C. )

FIN 654 Risk Management and Capital Market

Course Description: Introduces modern quantitative methods to measure and manage financial risk. Focuses on teaching students to identify the business issues, regulatory requirements and techniques to measure and report risk across a major financial institution and to design or buy a risk management system. Covers market risk, credit risk and liquidity risk.

Course Rotation: NYC: Fall

3 credits

Prerequisites

FIN 652 Minimum Grade of C and MBA 646 Minimum Grade of C

FIN 661 Corporate Financial Risk Management

Course Description: Introduces students to financial risk management (hedging) from the perspective of non-financial corporations. Students learn why firms should hedge risk, whether they do manage risk, and how to measure and manage risk. Designed for those who want to learn how to use derivatives to maximize firm value through risk management. Aims to provide the right tools and insights to manage various market risks in a corporate setting rather than focusing on pricing financial derivatives or financial engineering.

Course Rotation: NYC: Fall

3 credits

Prerequisites

Pre-requisite for FIN 647 ( Course : MBA 646 . Minimum Grade of C. ) or (Course : MBA 628 . Minimum Grade of C. ) or (Course : BUS 502 . Minimum Grade of C. ) and (Course : MBA 648 . Minimum Grade of C. ) or (Course : MBA 632 . Minimum Grade of C. ) or (Course : BUS 512 . Minimum Grade of C. )

FIN 667 Valuation of the Firm

Course Description: Provides an overview of the critical methods and tools used to estimate the fundamental value of an enterprise. Focuses on equity valuation and touches on concepts relevant to other asset classes. Discusses discounted cashflow and comparative valuation methodologies, including the estimation of growth rates and discount rates.

Course Rotation: NYC:Fall

3 credits

Prerequisites

FIN 647 Minimum Grade of C and ACC 645 Minimum Grade of C

FIN 671 Behavioral Finance

This course introduces students to the field of Behavioral Finance and Economics. lt will discuss behavioral aspects of the decision making of professional investors, traders, strategy consultants, as well as senior managers in the corporate world, NGOs, and academia. The course will emphasize behavioral biases and their impact on decision making. In addition, the course will explore how behavioral theories could explain market anomalies, such as excess volatility.

3 credits

FIN 672 Strategies in Investments, Options, and Futures

Course Description: Covers investment strategies for individuals and institutions. Explores diversification strategies utilizing multi-industry portfolios, international equities, real estate and other assets. Considers tax strategies involving tax advantages investments and securities transactions. The student will receive practical experience in establishing portfolios that reflect the outlook for investments in relation to risk tolerances.

3 credits

Prerequisites

MBA 646 Minimum Grade of C

FIN 673 Real Estate Finance

This course covers various subject matters within the world of real estate finance including the capitalization (debt and equity) of real property. It will discuss the procedures involved in underwriting and in investing in real estate including mortgage loans and single family home ownership. It will introduce students to the role of government in the financing of commercial and residential real estate and cover direct and indirect ownership of real estate assets. Finally, it will provide an overview of how real estate markets work, including the valuation of real estate.

3 credits

FIN 674 Personal Financial Management

Course Description: Introduces the tools and concepts employed in financial management for individuals. Topics include analysis of investment alternatives, tax minimization techniques, tax shelters, risk analysis, employee benefits, retirement, and estate planning. Discusses the method of integrating these disciplines into an overall financial plan tailored to individual needs.

3 credits

Prerequisites

Pre-requisite for FIN 674 ( Course : MBA 648 . Minimum Grade of C. )

FIN 677 Contemporary Topics in Financial Management

Course Description: In-depth coverage of a selected issue in Finance. Subject matter may vary from semester to semester. Enrollment is limited to facilitate a high level of interaction among faculty and students.

3 credits

Prerequisites

FIN 647 Min Grade C

FIN 677A Seminar in Finance: Investment Management Regulation

Course Description:The course will provide students with a strong theoretical foundation of the law pertaining to the field of financial services and in investment management, as well as a practical understanding of the implications of recent changes in the industry. The course will focus on the law, rules and regulations related to investment managers, investment advisers, hedge funds, private equity funds, etc. it will incorporate knowledge and understanding of the various financial products that exists in the industry, and the different regulatory frameworks that govern the activities associated with those products and industry participants.

3 credits

Prerequisites

MBA 648 Min Grade B or MBA 632 Min Grade B

FIN 678 Contemporary Topics in Investment Management

Course Description: Covers topics in the theory and practice of investment management. Provides an oppurtunity to disucss current issues in investment management.

3 credits

Prerequisites

MBA 648 Minimum Grade of C

FIN 679 Fixed Income Markets and Analytics

Course Description: Analyses of U.S. and foreign fixed income markets. Describes the various products, where and how they are traded, how they are priced, and how they are used to achieve a variety of financial goals including capital formation, interest rate risk management, and portfolio diversification. Topics covered include treasury, agency, corporate, and municipal bonds, floating rate bonds, mortgage-backed securities, term structure modeling, immunization, credit risk management, credit derivatives, and interest rate derivatives including swaps, caps and floors, and swaptions.

3 credits

Prerequisites

FIN 652 Minimum Grade of C and MBA 646 Minimum Grade of C

FIN 680 Contemporary Economic and Financial Topics

Course Description: Covers issues facing business executives, bankers, and other Economic and Financial decision makers. Provides an opportunity to discuss current legal, social, and ethical issues in the financial and economic environment of business. Topics include trends in international business and investments, the current fiscal and monetary scene, and the outlook for the economy. Government and business, and the U.S. in the world economy receive special attention.

3 credits

Prerequisites

MBA 632 Min Grade B or MBA 648 Min Grade B

FIN 680A Topics: Indian Economy and Finance in the Global Marketplace

Course Description: In recent years, India has made great strides and has become an integral part of the global economy. This course will explore the implications of this changing business environment for management and financing strategies of both Indian and US firms operating in this region. Each year, the course will focus on a relevant group of industries and travel to one or more cities; students will visit firms in these industries, as well as cultural and historical sites, and business school in order to allow them to obtain a broad understanding of the financing and management issues in their social and economic context.

3 credits

FIN 680C International Finance

Course Description: This course will explore the characteristics of international financial markets and evaluate the associated risks and benefits within the framework of the changing global markets. Special attention will be devoted to Eurocurrency markets and regional integration. Students will have the opportunity to meet with political and business leaders, and learn more about the business culture in these countries.

3 credits

Prerequisites

BUS 512 Min Grade C or MBA 632 Min Grade B

FIN 680D Topic: Financing & Marketing Implications of Market Orientation in India

Course Description: India has traditionally been an economy, where family-based enterprises have always been important. As the country moves forward, management expertise is going to be crucial. The issue is related to corporations increasing use of capital markets, where investors are much more impatient and much more demanding of results than family conclaves. These developments also parallel India’s move to a consumer culture and, what has been called in the marketing literature, the growing market or marketing orientation in developed and developing economies. This course will explore the implications of this changing business environment for marketing and financing strategies of both Indian and US firms operating in the region. In our trip to India, we will explore these marketing, finance and management issues by visiting firms in several industries particularly in the consumer packaged goods sector technology sector, financial institutions, cultural and historical sites, and business schools.

3 credits

Prerequisites

BUS 512 Min Grade C or MBA 632 Min Grade B

FIN 680F Topic: Valuation of the Firm

Course Description: This course will provide the student with the theoretical background and analytical tools necessary to value a firm; we will take a broad perspective rather than a detailed look at a narrow set of valuation problems. Students will look at different methods of estimating cost of capital and forecasting cashflows, as well as on the use of comparative valuation methods. Working in teams, students will produce an initiating coverage report by the end of the term.

3 credits

FIN 680H Topic: Contemporary Topics in Finance - Introduction to Hedge Funds

Prerequisite: BUS 508, BUS 510, and BUS 512 or MBA 626 and MBA 632.

Course Description: The goal of this course is to provide students with an overview of the burgeoning hedge fund industry and its role in the financial and economic environment. The course will cover different trading strategies and provide opportunities to discuss current legal, social, and ethical issues related to the hedge fund industry. Topics will include the origin of hedge funds, business issues of hedge fund managers, institutional developments in the hedge fund community, regulatory issues, the use of derivatives, and strategies to avoid financial instability.

3 credits

Prerequisites

(BUS 508 Min Grade C and BUS 510 Min Grade C and BUS 512 Min Grade C) or (MBA 626 Min Grade B and MBA 632 Min Grade B)

FIN 680J Topic: International Field Study: Japan

Course Description: This course is an international field study course which incorporates a one-week trip to Japan. While in Japan, students will attend seminars given by corporate and investment bankers, government officials, and other financial executives. There will be on-campus lectures discussing the relevant theories and principles prior to the trip.

3 credits

FIN 680R Economic Competitiveness and Leadership: Field Study to Russia and Finland

Course Description: This course will explore the theme of "Economic Competitiveness and Leadership". We will study the characteristics of international business and financial markets and evaluate the associated risks and benefits within the framework of changing global economic conditions, devoting special attention to Europe and regional integration. We will further consider these characteristics and trends within the context of global competitiveness and modern leadership challenges. Students will have the opportunity to meet with political and business leaders and learn more about the business culture in these countries.

3 credits

FIN 680V International Field Study

Course Description: The International Field Study incorporates a trip to study the financial environment in different countries. While visiting these countries, students will visit companies and attend seminars given by corporate and investment bankers, government officials, and other business executives. The course will cover various aspects of the financial markets of the countries visited, as well as the way in which businesses in those countries use financial markets. Prior to leaving the U.S., students will attend class meetings covering topics relevant to the seminars given in the host countries.

3 credits

Prerequisites

MBA 648 Min Grade C

FIN 688 Independent Study in Finance

Prerequisite: Open only to MBA students who have previously completed all course work and have a minimum CQPA of 3.5.

Course Description: The subject of study is determined jointly by the student and faculty member in a finance or finance-related area that may not necessarily be drawn from areas in the presently offered curriculum. The student is expected to accumulate knowledge in a systematic manner and present an appropriate report to the faculty advisor.

3 credits

Prerequisites

FIN 644 Minimum Grade of B and FIN 647 Minimum Grade of B

FIN 689 Financial Analysis and Policy

Course Description: Integrates the theory of financial analysis with real world financial problems faced by business firms in our society. Topics include financing of current operations, long-term financing, capital structure decisions, dividend policy, and investment decisions. Extensive use of case problems.

Prerequisite: Must have advanced standing in addition to FIN 647.

3 credits

Prerequisites

Pre-requisite for FIN 689 ( Course : FIN 647 . Required Courses: 1. Minimum Grade of C. ) and (Course : FIN 600 to 699. Required Courses: 2. Minimum Grade of C. )

FIN 692 Research Project

3 credits

FIN 692Q Research Project

Course Description: Requires a successful completion of an acceptable research project on a topic approved by the instructor. Research findings are presented in a formal written paper. Students meet individually with the instructor.
Prerequisite: Must have Advanced Standing.

3 credits

FIN 695Q Research Project in Investments

Department Approval Required.

Course Description: Requires a successful completion of an acceptable research project on a topic approved by the instructor. Research findings are presented in a formal written paper. Students meet individually with the instructor.

3 credits

Prerequisites

FIN 653 Min Grade B

FIN 821 Doctoral Concentration Seminar in Corporate Finance

Course Description:Explores a wide range of topics in theoretical and empirical corporate finance, like agency problems, capital structure and dividend policy, security design, optimal financial contracting, firm valuation, corporate governance, and risk management. Analyzes how corporate financial decision-making is affected by agency conflicts, information asymmetry, and incomplete contracting. Examines influential papers and current research. Enables students to develop new research ideas in the area. Provides partial preparation for doctoral comprehensive examination in finance.
Course Rotation:Fall;NY

3 credits

Prerequisites

DPS 820 Min Grade C

FIN 822 Doctoral Concentration Seminar in Capital Markets

Prerequisite: FIN 650, DPS 820, three advanced graduate courses in Finance, one rigorous graduate level course in Economics, and admission to the Doctoral Program.

Course Description: Develops a comprehensive and sophisticated perspective of capital markets. Critically reviews the conceptual foundation and theoretical development of capital markets. Explores the major contemporary debates and problems of capital markets. Evaluates the research methodologies and findings that support various theories and viewpoints of capital markets. Identifies topics that require future research in capital markets. Provides partial preparation for doctoral comprehensive examination in finance.

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3 credits

Prerequisites

DPS 820 Min Grade B and FIN 650 Min Grade B