Core Courses
GBA 520 Economics for Business Decisions
Key micro and macro economic concepts and issues are used to equip students to analyze economic problems, and appreciate the implications of global economic events. The course develops key micro-economic concepts, such as the construction of supply and demand curves, elasticity and marginal analysis. Then the course develops key macroeconomic concepts and tools to examine key policy issues as: National Income Accounting, the aggregate supply and demand curve, the supply and demand for money, fiscal and monetary policy, international trade, and the impact of changes in exchange rates.
Every Semester, 3 credits
GBA 522 Corporate Financial Management
This course focuses on wealth maximization and managerial decision making in a global market setting. Basic principles by which the modern corporation manages its assets, controls its liabilities and raises new capital are addressed. Topics include the time value of money, valuation and rates of return on securities, financial statement analysis, capital budgeting techniques, as well as cost of capital, capital structure and leverage considerations.
Prerequisite or Co-requisite: GBA 521
Every Semester, 3 credits
MBA 621 Financial Markets and Institutions
This course provides the student with knowledge of global financial markets, the institutions that operate in those markets and the manner in which various markets and institutions interrelate. Topics covered include: types of markets and of financial institutions; determinants of interest rates; the risk and term structure of interest rates: money markets and capital markets; asset-backed securities; forwards, futures, options, swaps, and other derivatives; equity markets; the role of central banks in the creation of money and in the conduct of monetary policy; and an examination of some recent developments in global finance.
Prerequisite: GBA 522
Every Semester, 3 credits
Finance Electives
FIN 704 Financial Reports Analysis
Cross-listed as ACC 742
This course provides a survey of analytical tools and techniques used to evaluate financial statements. Financial and corporate reports are analyzed for solvency, quality of earnings, investments, and forecasting implications. Emphasis is placed on ratio and trend analysis for the detection and interpretation of strengths, weaknesses, and problem areas of the business.
Prerequisites: GBA 521
On Occasion, 3 credits
FIN 705 Securities Analysis – Equities
This course focuses on security markets and investment opportunities. Students are exposed to the concepts of market efficiency and risk and return in the context of valuation of equities, fixed income securities, and derivative securities. The objective is to provide a systematic method of analyzing investment portfolios and the effects of diversification and risk management.
Prerequisite: GBA 522 or with the permission of the instructor
On Occasion, 3 credits
FIN 708 Financial Engineering
This course covers the creation of derivative securities to meet financing needs. This course will explore the rapid growth of strategic financial product innovation and securitization precipitated by environmental and intra-firm factors. Chiefly as a solution to risk management, financial engineering will be explored from both the corporate treasurer’s perspective and from the investor’s and speculator’s perspectives. Recent debt, equity, equity-related and derivative innovations will be examined.
On Occasion, 3 credits
FIN 710 Corporate Mergers and Restructuring Strategies
The aim of the course is to provide understanding of the decisional dynamics and valuation consequences of financial, business, and organizational restructuring by corporate units. The course prepares students to plan, evaluate, and execute corporate restructuring activities.
On Occasion, 3 credits
FIN 716 International Finance
Cross-listed as IBU 702
This course is an analysis of the financial opportunities and risks resulting in global market investment. Topics include determinants of foreign exchange rate and international capital flows; balance of payments analysis techniques; foreign exchange risk management, especially hedging and speculation strategies; the reasons and impact from official intervention; and elements of country-risk analysis.
Prerequisite: GBA 522 or with the permission of the instructor
On Occasion, 3 credits
FIN 717 Investment Analysis Fixed Income and Derivatives
This course analyzes the activities of the financial intermediaries in the marketplace. The course presents a rigorous quantitative and qualitative analysis of the money and capital markets, concentrating on the Fixed Income and Derivatives markets. It focuses on the risks and returns associated with investments in those markets, and on how these instruments can be optimally allocated to yield successful portfolio management performance. This course, when combined with FIN 705, presents a complete overview of the global capital markets.
Prerequisite: GBA 522 or with the permission of the instructor
On Occasion, 3 credits
FIN 722 Real Estate Investments
This course covers the theory and measurement of return and risk on real estate loans and equity investments, investment decision making and financing alternatives, techniques of real estate investment financing, evaluation of investment risk and credit quality on selected types of properties and loans. Topics include: site selection, income properties, office buildings, shopping centers, industrial properties, condos and co-ops, leasing valuation and marketing.
On Occasion, 3 credits
FIN 725 Money, Banking, and Capital Markets
This course’s main objective is to analyze and understand the principal forces that are shaping the U.S. and world money and capital markets. Money creation, the demand for money, and the relation of money to inflation and financial flows are each examined. Interest rates are analyzed in the context of portfolio choice and their behavior is carefully examined. Emphasis is also placed on the changing role of competitive financial institutions and the effects of these changes on the flow of funds and monetary policy.
On Occasion, 3 credits
FIN 726 International Corporate Finance
Cross-listed as IBU 708
This course is an analysis of the financial opportunities, risk, and decision-making processes associated with international operations. Topics include management of translation, transaction and economic exposure; taxation issues; multinational capital budgeting and current asset management; complexities of international performance evaluation and control systems; comparative financial statement analysis; cost of capital; and international financing options. The case method is utilized.
Prerequisite: FIN 716/IBU 702 or permission of the Chair
On Occasion, 3 credits
FIN 727 Global Economic Environment of Business
The main goal of this course is to analyze and understand the global economy in which business operates today. Attention centers on the key policy issues and major economic forces that affect business activity and on the tools necessary to evaluate these issues and forces. The tools of analysis include the portfolio approach, post-Keynesian and modern monetarist approaches, rational expectations, and state-of-the-art analysis of saving and investment. The course also explores the role played by U.S. and world financial markets in influencing the domestic and global economic environment. Material in the text will be heavily supplemented by, and integrated with, current events.
On Occasion, 3 credits
FIN 750 Seminar in Finance
This seminar investigates advanced and timely topics in finance that influence corporate and investor decision making. It also explores major issues that affect financial markets and intermediaries. Topics analyzed will vary according to financial conditions and developments, but may include: systemic risks to the financial system; value at risk; corporate governance; financial engineering; and portfolio rebalancing strategies.
On Occasion, 3 credits
International Business
Prerequisite for all 700-level International Business electives: MBA 625
IBU 702 International Finance
Cross-listed as FIN 716
This course is an analysis of the financial opportunities and risks resulting in global market investment. Topics include determinants of foreign exchange rate and international capital flows; balance of payments analysis techniques; foreign exchange risk management, especially hedging and speculation strategies; the reasons and impact from official intervention; and elements of country-risk analysis.
Additional Prerequisite: GBA 522 or with the permission of the instructor
On Occasion, 3 credits
IBU 708 International Corporate Finance
Cross-listed as FIN 726
This course is an analysis of the financial opportunities, risks and decision-making processes associated with international operations. Topics include management of translation, transaction and economic exposure; taxation issues; multinational capital budgeting and current asset management; complexities of international performance evaluation and control systems; comparative financial statement analysis; cost of capital; and international financing options. The case method is utilized.
Additional Prerequisite: FIN 716/IBU 702 or permission of Chair
On Occasion, 3 credits
