Finance Courses
FIN 11 Corporation Finance
This course covers basic principles by which the modern corporation manages its assets, controls its liabilities and raises new capital. Topics covered include the mathematics of finance, valuation and rates of return on securities, financial statement analysis, forecasting, planning and budgeting, working capital management, introduction to capital budgeting techniques, and cost of capital considerations.
Co-requisites: ACC 11, or consent of chair.
Every Semester, 3 credits
FIN 12 Corporate Financial Policy
This writing across the curriculum course is an analysis of corporate policy with respect to internal financial control, capital budgeting, dividend policy, and the issuance and sale of new securities. Emphasis will be placed on corporate decision-making under uncertainty in areas of investment and financing alternatives, both domestically and internationally. Tools and techniques for risk assessment and risk management will be explored using financial calculators and spreadsheet models.
Prerequisites: FIN 11, ACC 11.
Every Semester, 3 credits
FIN 16 Business Communications
(Cross-listed as MGT 16, MKT 16)
This course examines the opportunities and problems inherent in the process of business communication. The course is designed to improve effective business communication with emphasis on individual and interpersonal skills building. Topics include, but are not limited to, determining appropriate style and tone in various types of written business communications; strengthening verbal effectiveness through the use of presentations and graphics; and learning to interpret and use non-verbal communication for greater impact. This course addresses the unique communication challenges that arise as a result of diversity, globalization and the pervasiveness of technology.
Fall/Spring, 3 credits
FIN 31 Investments
This course focuses on an examination of the equity markets in the United States. A detailed examination of the trading process and the function of securities markets (including a day trip to the floor of the NYSE) are presented. This is followed by exposure to the concepts of market efficiency, risk and return, specifically analyzing the roles played by each in security valuation and in portfolio diversification.
Prerequisite: FIN 11.
Annually, 3 credits
FIN 32 Security Analysis
Building on the base of FIN 31, this course focuses on theoretical security pricing models and techniques of investing in various instruments. Dynamic market forecasting and strategic investment decisions will be tested. Emphasis will be placed on investing in derivative securities such as options and futures both for risk reduction and speculative purposes. The course will include introduction to portfolio theory. The student applies theory to practice by formulating and testing trading strategies using a computer investment package.
Prerequisite: FIN 31.
Annually, 3 credits
FIN 33 Derivative Markets
The purpose of this course is to learn to price derivative instruments and also study their use for speculation and hedging. Study the use of the Binomial Options pricing model and the Black-Scholes models to price these securities. Some of the other topics covered are netting, haircuts, forward contracts, options, futures on financials and commodities, options on futures, and swaps.
Prerequisite: FIN 31.
Annually, 3 credits
FIN 61 Advanced Financial Policies
This course builds upon the basic principles of managerial finance by providing further theoretical knowledge and analytic skills necessary for identification, evaluation and solution of financial policy issues. The course also provides perspectives on corporate financial policies pertaining to three fundamental strategies; namely, investing, financing and dividend decisions. The course investigates the choice of particular policies and quantifies the valuation consequences of real world corporate decisions, including those relating to financial analysis; planning and strategy; capital budgeting; intermediate and long-term financing; financial structure; the cost of capital and dividend policy; mergers and acquisitions; and risk management.
Prerequisite: FIN 11.
Annually, 3 credits
FIN 65 Money and Capital Markets
The main goal of this writing across the curriculum course is to analyze and understand the main forces that are influencing and changing the U.S. financial system. Emphasis will therefore be placed on both financial theory and the U.S. institutional structure. The former will include the loanable funds theory, liquidity preference, the modern quantity theory of money, and theories of the term structure of interest rates. The latter will include an examination of financial markets and financial institutions and their competitive strategies. Regulatory changes and both traditional and new financial instruments will also be evaluated. Use of the Federal Reserve’s flow of funds will be integrated into the course as will material from rating agencies and major financial firms. Current events also will be integrated into the course. Same as ECO 65.
Prerequisite: FIN 11 or consent of chair.
Annually, 3 credits
FIN 71 Global Financial Markets
This course is an overview of the international financial system. International financial markets are investigated, exchange rate markets and behavior are analyzed, and hedging techniques are presented.
Prerequisites: FIN 11.
Annually, 3 credits
FIN 72 Global Financial Management
This course is an analysis of the financial decision-making process of the global corporation. The financial opportunities and the risks associated with international operations are discussed and analyzed. Major topics include multicurrency cash and exposure management, capital budgeting and cost of capital considerations as well as multinational performance and evaluation criteria. The case study method is utilized.
Prerequisite: FIN 71.
Annually, 3 credits
FIN 81 Seminar in Financial Services
This course explores the relationship between corporate financial flows and financial market, industry, and aggregate economic data.
Prerequisite: FIN 12.
Fall/Spring, 3 credits
FIN 91, 92 Independent Research Study
This course offers students the option of either a department approved internship or structured, supervised research in a professor-selected area of finance.
Prerequisite: Senior status.
Every Semester, 1 credit each
FIN 93, 94 Internship
Internships will be arranged through the Finance Department. These internships are planned programs of research observations, study, and participation in selected organizations. They are designed to enrich classroom study with hands-on practical experience.
Every Semester, 3 credits each
