Finance 390

53:390:506. FINANCIAL MANAGEMENT (3)   

• Prerequisites: 53:010:502, 53:135:500.
• Valuation as the unifying principle of Finance. Topics include forms of business ownership, firm and project cash flows, time value of money, bond and stock valuation, capital budgeting, operating and financial leverage, risk and diversification, and the cost of capital.

53:390:513. ADVANCED FINANCIAL MANAGEMENT (3)

• Prerequisites: 53:390:506
• Advanced issues in business investment, financing, and cash distributions with emphasis on corporations. Likely topics include asset replacement policy, optimal investment horizon, investment under taxes and inflation, financial leverage policy, buy-or-lease decision, earnings distribution policy, and inter-company investments and acquisitions.

53:390:514. MULTINATIONAL FINANCIAL MANAGEMENT (3)

• Prerequisite: 53:390:506
• Financial skills required for effective management of companies engaged in international business. Topics include exchange rates and the balance of payments, the international monetary system, measuring and managing foreign exchange exposure, multinational capital budgeting, financing of international trade and investment projects, political risk management, taxation, and international transfer pricing.
• This course may also count toward an International Business Elective.

53:390:521,522. DIRECTED STUDY IN FINANCE (3, 3)

• Prerequisite: 53:390:506
• A faculty-directed individual study requires the approval of two Finance faculty members of which one is the Area Coordinator, and the Director of the M.B.A. program.

53:390:530. FIXED INCOME SECURITY ANALYSIS (3)    

• Prerequisite: 53:390:506
• An introduction to fixed income securities and interest rate derivatives. This course describes important securities and their markets, and develops the analytical tools to value those securities, understand their investment characteristics, and manage interest rate risk.

53:390:540. SECURITIES AND INVESTMENT (3)  

• Prerequisite: 53:390:506
• The investment setting, organization, and functioning of securities markets. Efficient capital markets, modern portfolio management, asset pricing models, security valuation principles and practices, analysis and management of bonds and common stocks, derivative securities, and evaluation of portfolio performance.

53:390:550. FINANCIAL MARKETS AND INSTITUTIONS (3)

• Prerequisite: 53:390:506
• Financial markets covered in this introductory course are those of money, bonds, mortgages, stocks, foreign exchange, futures, and options. Institutions studied are the Federal Reserve Bank, depository financial institutions, and non-depository institutions.  Background topics include the term structure of interest rates, securitization, monetary policy, innovation in financial markets, and government regulations.

53:390:552. GLOBAL FINANCIAL MARKETS (3)  

• Prerequisite: 53:390:506
• International monetary system, measurement of international trade and investment, global banking, Eurocurrency markets, global securities markets, foreign exchange markets, emerging capital markets, and global portfolio management.
• This course may also count toward an International Business Elective.

53:390:555. COMMERCIAL BANK MANAGEMENT (3)

• Prerequisite: 53:390:506
• Risk management techniques utilized by commercial banks. Topics include the management of credit, interest rates, foreign exchange, liquidity, and loan portfolio risk; hedging risk with options, swaps, futures, and forward contracts; capital adequacy; financial statement analysis; and deposits insurance. 

53:390:560. FUTURES AND OPTIONS (3)

• Prerequisite: 53:390:506 and at least concurrent enrollment in 53:390:540.
• Futures and options markets for financial and real assets; institutional setting and trading; analysis and valuation of futures, options, and other derivative securities; and hedging and simulation techniques for portfolio rebalancing.

53:390:570. STATISTICAL FINANCIAL ANALYSIS (3)

• Prerequisites: 53:390:506
• Model building and analysis of financial data using statistical techniques and computer software such as SAS or SPSS. Topics include predicting business failures and corporate acquisitions, evaluating consumer and business loans, estimating of portfolio inputs and evaluating portfolio performance, forecasting sales and earnings, and analyzing time-series of financial data.

53:390:670, 671. SPECIAL TOPICS IN FINANCE (3)

• Prerequisite: 53:390:506
• Topics vary from term to term. Consult the director of the M.B.A. program for specific content each term. Students may enroll in more than one special topics course.