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C.T. Bauer College of Business

Courses: Finance (FINA)

6385: Capital Markets
Cr. 3. (3-0). Prerequisites: graduate standing and approval of dean. A study of financial markets with particular emphasis on the markets for long-term securities. Topics covered include equilibrium forces in these markets, flow of funds, the connection between inflation and supply and demand forces, and theories of interest rate determination. Consideration is given to models that account for varying degrees of risk and expected levels of return. The role of financial intermediaries receives thorough examination throughout.

6387: Managerial Analysis
Cr. 3. (3-0). Prerequisites: graduate standing. An examination of analytical concepts and methods that have application to business problems.

6398: Research
Cr. 3 per semester. Prerequisites: graduate standing and approval of chair.

7197: 7297: 7397:Selected Topics in Finance
Cr. 3 per semester. (3-0). Prerequisites: graduate standing and approval of chair or program director. May be repeated for credit when topics vary.

7315: Financial Environment
Cr. 3. (3-0). Prerequisites: graduate standing and permission of chair. In-depth analysis of financial environment with special emphasis on the role of banks, other intermediaries, and non-financial organizations. Security design and innovation and the importance of dispersed information and agency relationships in financial markets and contracting are also discussed.

7320: Investments (formerly FINA 7366)
Cr. 3. (3-0). Prerequisites: graduate standing and FINA 6335. Risk, return and the institutional structure of stock and bond markets. The theory of portfolio analysis and performance evaluation. Methods employed in managing portfolio choices and asset allocation.

7321: Fixed Income Security Analysis
Cr. 3. (3-0). Prerequisites: graduate standing and FINA 6335. Provides thorough grounding in fixed income security analysis. Develops performance measures for bond portfolios and analyzes their hedging and risk characteristics. Various strategies for pricing government and corporate bonds are also examined.

7322: Security Analysis
Cr. 3. (3-0). Prerequisites: graduate standing and FINA 6335 and a co-requisite, FINA 7320, or permission of instructor. Topics will include: analytical methods used in projecting individual stock and bond performance such as discounted cash flows, factor models, value versus growth and an analysis of factors affecting the risks and returns of individual securities.

7325: Equity Valuation and Analysis
Cr. 3. (3-0). Prerequisites: graduate standing and permission of chair. Study of equity valuation in financial market equilibrium, trading strategies, and development of performance measures to evaluate mutual funds and investment performance.

7327: Debt Markets
Cr. 3. (3-0). Prerequisites: graduate standing and permission of chair. Provides a thorough grounding in the concepts of language of fixed-income securities analysis, including valuation and price-risk assessment. The course will also develop performance measures to see how bond portfolios can be structured to achieve desired hedging and risk characteristics.

7330: Advanced Corporate Finance (formerly FINA 7336)
Cr. 3. (3-0). Prerequisites: graduate standing and FINA 6335. In-depth analysis of value maximization, capital budgeting, cost of capital, financial structure and dividend policy, working capital management, and financial forecasting.

7331: Strategic Finance
Cr. 3. (3-0). Prerequisites: graduate standing and permission of chair. Provides a undified framework for the financial management of the firm using modern theories of competitive analysis and security pricing. Firm performance analysis through economic and cash flow value-added (EVA and CVA) methodologies is emphasized. Case studies examine the interaction between financial and business strategies.

7335: Value Creation
Cr. 3. (3-0). Prerequisites: graduate standing and permission of chair. Financial management of the firm from a value creation and value maximization perspective. Deals with capital budgeting, cost of capital, valuation, incentives and information issues.

7340: Financial Markets (formerly FINA 7376)
Cr. 3. (3-0). Prerequisites: graduate standing and FINA 6335. In-depth analysis of the financial system in which banks, other intermediaries, and nonfinancial organizations function.

7341: Commercial Banking (formerly 7337)
Cr. 3. (3-0). Prerequisites: graduate standing and FINA 6335. Survey of commercial banking principles and in-depth analysis of current banking issues.

7350: Investment Strategies in Options and Other Derivatives (formerly FINA 7338)
Cr. 3. (3-0). Prerequisites: graduate standing and FINA 6335. Economic properties of option pricing and the Black and Scholes pricing formula. The design of hedging strategies, arbitrage, and exotic securities.

7351: Investment Strategies in Futures and Swaps (formerly FINA 7348)
Cr. 3. (3-0). Prerequisites: graduate standing and FINA 6335. Economic properties of forward and futures contracts in domestic and international markets.

7360: International Finance (also INTB 7360 formerly FINA/INTB 7386)
Cr. 3. (3-0). Prerequisites: graduate standing, and FINA 6335. Students may not receive credit for both FINA 7386 and INTB 7386. A comprehensive overview of currency, equity, and international bond markets around the world. Institutional, theoretical issues, and current trends will be analyzed. A strong emphasis will be placed on the hedging techniques and tools used to reduce the risks associated with those financial markets.

7361: Risk Management
Cr. 3. (3-0). Prerequisites: graduate standing and permission of chair. Examines advanced risk issues for top management. Systematic characterization of types of risk facing corporations and the hedging of such risks through the use of derivatives, futures and forwards, securitization, and specialized contracting arrangements with input suppliers and purchasers.

7370: Cases in Corporate Finance (formerly FINA 7368)
Cr. 3. (3-0). Prerequisites: graduate standing and FINA 6335. Application of financial theory to analyze interesting and topical case studies of corporate financial management.

7380: Real Estate Finance (formerly FINA 7391)
Cr. 3. (3-0). Prerequisites: graduate standing and FINA 6335. Introduction to real estate economics and finance fundamentals. Analysis of investments, trends in development and financing.

8338: Seminar in Financial Management I
Cr. 3. (3-0). Prerequisites: graduate standing and FINA 6335. Advanced study of the theoretical issues and quantitative techniques of the financial management of the firm.

8339: Seminar in Financial Management II
Cr. 3. (3-0). Prerequisites: graduate standing and FINA 6335. Advanced study of the theoretical issues and quantitative techniques of the financial management of the firm.

8368: Seminar in Investments
Cr. 3. (3-0). Prerequisites: graduate standing and FINA 6335. Advanced study of the theoretical issues and quantitative techniques of the security analysis and portfolio evaluation.

8372: Seminar in Options and Futures
Cr. 3. (3-0). Prerequisites: Graduate standing. The course develops the option pricing techniques and their application to corporate finance.

8373: Seminar in Empirical Methods in Finance
Cr. 3. (3-0). Prerequisites: Graduate standing. The course discusses various empirical methods used in current finance literature.

8374: Seminar in Fixed Income Securities
Cr. 3. (3-0). Prerequisites: Graduate standing. The course provides a thorough analysis of fixed income securities including default-free government bonds and corporate and derivative securities.

8378: Seminar in Financial Markets and Institutions
Cr. 3. (3-0). Prerequisites: graduate standing and ECON 6375. Advanced study of the theoretical issues and quantitative techniques relating to financial intermediation and monetary theory and policy.

8389: Colloquium in Finance
Cr. 3. (3-0). Prerequisites: graduate standing and approval of chair. Interdisciplinary discussion of current research, issues, and problems in finance.

8395:8695: Teaching Practicum
Cr. 3-6 per semester. Prerequisites: graduate standing and approval of instructor. Supervised practice in the teaching of finance.

8396:8696: Research Practicum
Cr. 3-6 per semester. Prerequisites: graduate standing and approval of instructor. Supervised research in finance.

8397: Selected Topics in Finance
Cr. 3. (3-0). Prerequisites: graduate standing and approval of chair. May be repeated for credit when topics vary.

8398: Special Problems
Cr. 3 per semester. Prerequisites: graduate standing and approval of chair.

8399:8699:8999: Doctoral Dissertation
Cr. 3-9 per semester. Prerequisites: graduate standing.