GENERAL GRADUATE COURSES IN BUSINESS
FINN 5158. Student Managed
FINN 5159. Student Managed Investment Fund II. (3) Prerequisites: FINN 3120 or MBAD 6152, and FINN 3222 or FINN/MBAD 6153. Management of an actual portfolio consisting of a portion of the University’s Endowment Fund. Admission is by permission of instructor. Student cannot enroll in this course without successfully completing FINN 5158. (Same as MBAD 5159.) (Spring)
FINN 6058. Special Topics in Financial Services. (3) Prerequisite: MBAD 6152. Each year, the subject matter of this course deals with a different specialized and contemporary topic of interest to students who are preparing for management careers in the financial services industry. The topics are chosen and covered in a way that builds on and supplements the topics covered in other courses in the Financial Institutions/Commercial Banking concentration. Emphasis is placed on the managerial implications of the subject matter as well as the impact on the financial system. Topics covered in this course may vary from semester to semester, and the course may be repeated a maximum of one time for academic credit. Same as MBAD 6160.) (On demand)
FINN 6151. Financial Institutions and Markets. (3) Major financial institutions, particularly commercial banks, and their role in the intermediation process and as suppliers of funds to the money and capital markets. Comparative financial policies of these institutions are examined in the context of their legal and market environment. (Same as MBAD 6151) (Yearly)
FINN 6152. Financial Management. (3) Theory and practice of corporate finance including asset management, cost of capital and capital budgeting, optimization problems and socio-economic aspects of financial management. Computer technology may be employed when applicable. (Same as MBAD 6152) (Fall, Spring)
FINN 6153. Investment Management. (3) Prerequisite: MBAD 6152. Theory and practice of investment decisions of individuals and fund managers. Topics include the status of capital market theory, the efficient market hypothesis literature, and a portfolio performance measurement. Standard institutional and investment analysis topics, futures and options markets, and international investment topics are covered. (Same as MBAD 6153) (Yearly)
FINN 6154. Applied Business Finance. (3) Prerequisite: MBAD 6152. Examination of business finance topics which typically confront the firm’s primary finance functional areas (CFO, Treasurer, Controller). The purpose is to develop advanced analytical skills in those topic areas. The following topics form the basis of the course: lease vs buy (borrow); leveraged buy-outs: merger analysis (emphasis on valuation); international operations of American firms (capital budgeting and cost of capital); capital structure; risk management. Such additional topics as working capital management; risk management; and relevant current topics will be included as time permits. (Same as MBAD 6154) (On demand)
FINN 6155. Multinational Financial Management. (3) Prerequisites: MBAD 6111 and 6152. Financial management of the multinational firm including management of foreign exchange risk and political risk, and the control and evaluation of financial policies of multinational firms. (Same as MBAD 6155) (Yearly)
FINN 6156. Commercial Bank Management. (3) Prerequisite: MBAD 6152. Techniques for the management of commercial banks. Topics of study include industry structure, administrative organization, management of assets, liabilities, and capital, and financial analysis of the banking firm. (Same as MBAD 6156) (Yearly)
FINN 6157. Theory of Corporate Finance. (3) Prerequisite: MBAD 6152. Theories of modern corporate finance, including theory of efficient capital markets; uncertainty and the theory of choice; market equilibrium asset pricing models (capital asset pricing model, arbitrage pricing theory, Black-Scholes); theories of capital structure and the cost of capital; dividend policy; and leasing. (Same as MBAD 6157) (Yearly)
FINN 6203. Financial Economic Theory. (3) Prerequisites: Admission to Graduate Program and Permission of program director. Review of financial economic theory using discrete-time models. Topics include: risk measurement; choices under uncertainty; portfolio selection; capital asset pricing model (CAPM); Arrow-Debreu pricing; options and market completeness; the Martingale measure; arbitrage theory; consumption-based CAPM; and valuation of the firm. (Same as ECON 6203)
FINN 6210. Derivatives I: Financial Elements of Derivatives. (3) Prerequisite: FINN 6152 or equivalent, or permission of Department. Theory and practice of financial derivatives markets including forwards, futures, and options markets. Topics include the economics of derivatives markets, pricing models for instruments in these markets, strategies for hedging and speculation, as well as regulatory and governance issues.
FINN 6211. Risk Management and Fixed Income Derivatives. (3) Prerequisite: FINN 6210 or permission of Department. Risk management of fixed income portfolios as well as the theory and practice of fixed income markets. Topics include fixed income instruments, term structure models, pricing methods, portfolio management, duration and convexity, securitization, and hedging.
FINN 6219. Financial Econometrics. (3) Prerequisites: ECON 6218 or MATH 6201. Advanced time series with financial applications. Topics covered include time series regressions (univariate and multivariate, stationary and non-stationary) and time series models (including ARMA, ARCH, GARCH, stochastic volatility and factor models). The emphasis will be on model properties, estimators, test statistics, and applications in finance. (Same as ECON 6219.)