22:390:601Risk and Insurance Management (3) Provides a survey of the current practices of businesses in protecting themselves from chance events that threaten their assets or their operations. Options ranging from risk preparation to transfer of risk to others, such as suppliers, are considered. Corequisite: 22:223:591. |
22:390:603Investment Analysis and Management (3) Provides overview of the fields of security analysis and portfolio management. Introduces the analysis of individual investments with special reference to common stock. Covers nature of financial markets, security pricing models, critiques of techniques of security analysis. Introduces problems of portfolio selection. Designed for the finance major who is interested in the security/investment area as a possible career. Prerequisites: 22:010:577 or 502, 22:223:581 or 521, and 22:390:587 or 522. |
22:390:604Financial Institutions and Markets (3) Presents a detailed overview of the theory and institutional features of the U.S. financial system. Provides a comprehensive review of U.S. financial markets. Covers a survey of flow-of-funds data and U.S. financial markets and institutions, capital market theory, financial factors and economic activity, theory of the level and structure of interest rates. Corequisite: 22:960:575. |
22:390:605Advanced Financial Management/ Corporate Finance (3) Examines the problems faced by the corporate financial manager on the theoretical, analytical, and applied levels. The impact of the financing decision upon the value of the firm is analyzed. Theoretical and analytical aspects of the capital budgeting decision are examined in detail with emphasis on methods of incorporating risk into the capital budgeting decision. An analytical framework is presented to evaluate leasing, bond refunding, and mergers and acquisitions. Theories of corporate governance are discussed. Prerequisites: 22:010:577 or 502, 22:223:581 or 521, and 22:390:587 or 522. |
22:390:606International Financial Markets (3) Offers an understanding of the international financial structure and studies its impact on business and individuals in various nations. The course is divided into three parts: the study of the adjustment mechanism used by nations to solve balance of payments difficulties; the examination of international liquidity and the new techniques being developed to replace gold; and a brief look at the implications of these developments in guiding the international operations of banks, other financial institutions, and business firms. Prerequisites: 22:010:577 or 502, 22:223:581 or 521, 22:223:591 or 520, 22:553:593 or 22:373:510 and 533, and 22:390:587 or 522. |
22:390:608Portfolio Management (3) Comprehensive coverage of the theory and practice of money management as well as in-depth analysis of the theory and practice involved when securities are combined into portfolios. Like 22: 390:603, the course is designed for finance majors interested in a career in money management. Prerequisites: 22:010:577 or 502, 22:223:581 or 521, 22:223:591 or 520, 22:373:592 or 531, 22:390:587 or 522, 22:960:575 or 22: 135:572, and 22:390:603. |
22:390:609Options/Derivatives (3) Introduces the rapidly developing markets in futures and options. Subjects include the nature of such markets, the pricing of instruments in the markets, and the use of such instruments by both speculators and hedgers. Prerequisites: 22:010:577 or 502, 22:223:581 or 521, 22:223:591 or 520, 22:390:587 or 522, and 22:960:575 or 22:135:572. |
22:390:611Analysis of Fixed Income Securities (3) Designed to explore the investment characteristics, pricing, and risk/reward potential of fixed income securities. The securities covered include bonds-with and without embedded options, mortgages, and mortgage-backed securities together with their derivatives, such as collateralized mortgage obligations, income-only and principal-only strips, interest rate swaps, and interest rate futures and option contracts. In addition, this course will explore the strategies for investing in portfolios of fixed income securities. Prerequisites: 22:390:587 or 522, 22:390:603, and 22: 960:575 or 22:135:572. |
22.390:612Small Business Finance (3) Financing problems that face a new and/or small business can be broken into financial planning, valuing, and raising capital. These topics form the main portion of this course. The course is designed for those planning to start a business or take over an existing business. It will also be beneficial for those planning careers that must interact with a small or new business. Prerequisites: 22:010:577 or 502, 22:223:581 or 521, and 22:390:587 or 522. |
22:390:613Financial Statement Analysis (3) Presents techniques for analyzing a firm`s current and projected financial statements for the purposes of credit analysis, security analysis, and internal financial analysis. Techniques covered include ratio analysis, cash flow forecasting, time series analysis, discriminant analysis, and "event studies." Topics covered include financial distress prediction, evaluation of short-term and long-term loan requests, financial evaluation of new products and start-up firms, the impact of accounting information on security returns, determinants of bond ratings and yields, and the reliability of historical and forecasted accounting data. A working knowledge of spreadsheet analysis is expected. Special emphasis is placed on acquiring data from printed and computer databases and an introduction to specialized online databases and the Internet. Jointly offered and taught by accounting and finance; may be used as a finance or accounting elective. |
22:390:642Special Topics: Securities Trading (3) |
22:390:643Special Topics: Managing Cash Flows (3) Managing cash flows can also be described as short-term and intermediate finance and/or treasury management. Topics covered include the importance of cash flows resulting from changes in working capital requirements; an analysis of the cash conversion cycle; bank compensation fees versus balances; cash management systems; measuring and managing corporate liquidity; managing the short-term investment portfolio; the risk and returns of fixed versus variable rate financing and interest rate swaps as a hedging tool. Several cases will supplement the text. Prerequisites: 22:390:587 or 522, and 22:390:605. |
22:390:644Special Topics: Financial Security Analysis (3) Technical analysis involves the study of price, volume, and a variety of other market-generated indicators to help determine and assess the trends of individual securities, industry groups, sectors, and the general market. Participants learn the terminology of technical analysis, methods of charting, and techniques used to identify trends. In addition, students explore a wide range of indicators including market momentum as well as investor sentiment indicators. Guest lecturers from the investment community provide expertise in their areas of specialization. Prerequisites: 22:390:587 or 522, and 22:390:603. |
22:390:647Special Topics: Financial Bankruptcy and Workouts (3) Deals with the broad spectrum of issues affecting financially troubled companies and their creditors, lenders, and prospective investors. Topics include analyzing financially troubled companies, implementing turnarounds, raising capital, loan workouts, out- of-court restructurings, bankruptcy, liquidation, and investing in distressed companies. Prerequisites: 22:010:577 or 502, 22:223:581 or 521, and 22:390:587 or 522. |
22:390:648Special Topics: Practical Evaluations of Financial Institutions and Markets (3) Examines the financial markets and institutions of the U.S. financial system from an institution`s point of view. Covers the treasury, Federal Reserve, banks, thrifts, insurance companies, and securities exchanges. Includes guest lectures and daytime field trips. |
22:390:650International Banking and Capital Markets (3) Provides an introduction to international financial markets. Covers foreign exchange markets, international equity and debt markets, international investments, diversification, and capital market equilibrium. Aspects of international banking also discussed. The course discusses both theoretical and practical issues in international capital markets. |
22:390:654Investment Banking (3) Covers the effective integration of financial theory and practice. Explores the rapidly evolving theory of finance as it relates to a corporation`s investment in assets and finance. Financial analysis and reasoning applied to problems faced by management. Topics include mergers and acquisitions, leasing, project finance, the art of negotiating, securities industry, financial engineering. Caricom, Aesean, and examine attempts elsewhere, such as the Middle East, China, Japan, and other Asian territories. Students develop projects on contemporary themes. Note: If you have taken 22:620:646 Multinational Management, do not take this course. |
22:390:658Applied Portfolio Management (3) Teaches students how to create and manage on a continuing basis an actual portfolio that meets the needs of a client. At most, seven students will be accepted to this course. Prerequisites: 22:390:587 or 522, 22:390:603, 22:390: 613 and/or 642, and letter of recommendation from instructor of prerequisite category. |
22:390:659Health Care Finance (3) Includes analyzing financial operations of health care providers, investment decision analysis, budgeting. Cost of capital, capital structure decision, taxable and tax-exempt bond issues, bond rating, issues of reimbursements-DRGs, RBRVS and capitation, impact of balanced budget act of 1997 on health care providers. |
