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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

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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 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 335 Behavioral Finance and Economics

Formerly FIN 396R . Not open to students who have completed FIN 396R.

Course Description:

This course examines how behavioral issues influence financial and economic decision making. It investigates behavioral issues such as overconfidence, asymmetric loss aversion, herding, and mental accounting and then shows how these issues cause individuals and markets to behave in ways that are not always rational or predicted by standard financial and economic theory. Course Rotation:Spring

3 credits

Prerequisites

FIN 260 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

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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 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.

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.

0 - 6 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