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General Bulletin 2008-2010

Courses of Instruction

FINANCE (FIN-Business)

101 Personal Finance (3)

Making informed choices related to spending, saving, borrowing, and investing continues to be the foundation of long-term financial security. This course educates students in areas such as financial planning, budgeting, federal income taxes, savings, borrowing, investing, insurance, housing, and retirement planning.

301 Introduction to Business Finance (3)

Financial management of business enterprises with emphasis upon financial analysis, working capital management, short and long term financing, capital budgeting, cost of capital, and dividend policy. Prerequisite: ECO 201, 202 or equivalent, ACC 221, 222 or equivalent.

302 Intermediate Financial Management (3)

Theoretical development of financial decision making, working capital management, capital budgeting, capital structure, and dividend policy of the corporation. Prerequisite(s): DSC 205 and FIN 301. Concurrent registration with FIN 401.

330 Professional Practice (0)

Students participating in an internship program register for this course during the semester they are on work assignment. Prerequisite: permission of departmental internship coordinator.

331 Real Estate Principles (3)

Principles course dealing with features of real estate, legal descriptions, brokerage industry and licensing, ownership interests, property tax, and closing transaction. Emphasis on applying finance principles to real estate with a focus on real restate financing and investing. Prerequisite: FIN 301.

351 Principles of Insurance (3)

Nature and function of insurance and risk bearing. Fundamentals of insurance contracts with a survey of fire, casualty, life, and health insurance areas. Prerequisite: FIN 301.

401/501 Principles of Investments and Security Markets (3)

Emphasis on investment methodology, investment risks, and security selection. Introduction to security analysis, security valuation, and portfolio management; for the individual investor. Prerequisite: DSC 205 and FIN 301 or equivalent. Concurrent registration with FIN 302.

402/502 Fixed-Income Portfolio Management (3)

Consideration of securities portfolio management objectives and techniques; investment risks, and diversification strategy. Detailed consideration of bond portfolio management, mathematics of bond yields, and interest rate environment. Individual and group participation required. Prerequisite: FIN 401 or 501.

403 Portfolio Management (3)

Theory and practice of modern portfolio management. Special consideration to asset pricing theories, nature and application of derivative securities, and investment strategies. Prerequisite: FIN 401.

404 Forward, Futures and Derivatives (3)

This course covers the fundamentals of option from pricing and hedging to their use in the management of financial risk. The course begins with a thorough theoretical development of futures, forwards, options and swaps, and ends with an analysis of structured products that have embedded derivative contracts. Discussion of issues of counter-party risk and the responsible use of derivatives is an integral part of the course. Prerequisite: FIN 301.

408/508 Commercial Bank Management (3)

Operations of financial institutions. Identification and analysis of problems of financial institutions within our changing environment. Consideration of competition and growth, profitability, capital, and regulation. Emphasis on commercial banking. Prerequisite: FIN 302 or 618 or 625 or permission of instructor.

417/517 International Business Finance (3)

An introduction to the macro and market environments in which multinational firms operate and the additional risks they confront in a multi-currency world. Emphasis is on the decision-making process with an international perspective. Prerequisite: FIN 301 or equivalent.

432/532 Real Property Valuation (3)

Theory and methodology relating to professional valuation of residential and income producing properties. Prerequisite: FIN 331. Offered Infrequently.

451/551 Risk Management and Insurance (3)

Risk management, including risk analysis and identification, handling techniques, contract evaluation, and current issues in property and liability areas. Prerequisite: FIN 301 and 351 or permission of instructor.

452/552 Life Insurance and Advanced Personal Financial Planning (3)

Covers the integration of life insurance within broader scope of an individual's personal financial planning activities and integration of social security benefits within personal financial planning. Use of a microcomputer and electronic spreadsheet software required. Traditional life insurance topics such as differences in policies, premium calculations, and legal relationships covered. Prerequisite: FIN 351 or permission of instructor.

463/563 Employee Benefits (3)

Provides description of pension, group life and health, individual retirement, and other benefit plans. Discusses importance of these plans to achieving business and societal goals. Cross-listed with MGT 463/563. Prerequisite: FIN 301 or permission of instructor.

475 Financial Policies of Corporations (3)

Advanced case analysis of short and long term financial management. Topics include working capital management, leasing, mergers and acquisitions, and international finance. Prerequisite: FIN 302.

481 Student Run Investment Fund (3)

An experiential learning opportunity that takes concepts learned earlier in the curriculum and applies them to an actual corporate setting and provides experience in managing a real-dollar portfolio based on appropriate trading and investment criteria. Prerequisite: FIN 401.

MPC 485 Integrative Concepts in Finance (3)

This Capstone provides students opportunity to apply their broad base of knowledge from their Foundation courses and the Farmer Business School core in an integrative manner to the field of finance. Provides students ability to see financial decisions in the broader context of society, law, government, and the global environment at large. Students come from different academic backgrounds and form teams to analyze case problems and readings from these different perspectives. These teams are required to present and defend their recommendation keeping in mind the variegated interests of the firm's stakeholders: customers, stockholders, creditors, employees, suppliers, etc. Prerequisite: senior standing and School of Business core or permission of instructor. This course may not be used as a finance major elective.

625 Managerial Finance (3)

Introduces M.B.A. student to essentials of the finance functions of the organization. Emphasis on analysis of financial statements and understanding of the time value of money. Only available to full-time M.B.A. students.

628 Capital Acquisition (2)

Develops the MBA students' understanding of the capital acquisition process as part of the extended enterprise. The course examines the role that financial markets and processes play in the formation of value, and value creation's impact on profitability as the firm acquires capital.

655 Analysis of Business Finance and Investments (3)

Furthers understanding of the finance functions for the M.B.A. student. Course has three interrelated themes: 1) acquisition and management of long-term sources of finance, 2) acquisition and management of short-term assets and financing, and 3) utilization of the capital markets where financial assets issued by corporations are bought and sold.


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