Finance Courses

Finance Courses

BUS241: Corporation Finance
3 lec., 1 lab. hr.; 3 credits
An analysis of the major funds flows of the firm. Development of the principles for determining specific assets a firm should acquire, as well as the least-cost methods of financing those assets. Topics considered include the management of cash, inventories, receivables, and fixed assets; alternative sources of available funds, including short-, intermediate-, and long-term sources of financing; the cost of capital; optimum capital structure; and corporate dividend policy.
Prerequisites: Economics 102

BUS341W: Intermediate Finance
3 credits
Covers the five most important problems of modern finance at a level beyond Economics 241. These are: the relationship between risk and returns, as expressed in the Capital Asset Pricing Model and Arbitrage Pricing Theory; the valuation of debt and equity instruments; the cost of capital and optimal capital structure; capital budgeting; and dividend policy.
Prerequisites: Business 241, Business 160W, and Economics 249 or permission of the instructor; English 110

BUS350: Investment Analysis
3 credits
An analysis of the types of securities available in the market covering both individual and institutional portfolio analyses and management. Considers the formulation of appropriate portfolio investment objectives, techniques for achieving them, and institutional, legal, and other constraints on portfolio strategies. Impacts of macro- and micro-economic activity on portfolio performance, and measures of performance are discussed.
Prerequisites: Business 241 or permission of instructor; ECON249 or equivalent, and English 110

BUS351: Financial Markets
3 credits
Survey of the United States and international money and capital markets. Emphasis is on modern institutions and practices. The course also considers the analytics and consequences of recent trading techniques.
Prerequisites: Business 241 or permission of instructor and MATH131 or equivalent

BUS352: Investment Management
3 credits
This course provides a detailed examination of portfolio management. Topics include: definition and measurement of risk, market efficiency, testing for inefficiencies, components and determinants of trading costs, mechanics of creating and managing a portfolio and investment philosophies.
Prerequisites: Business 350

BUS353: Options and Futures Markets
3 credits
The economic role of options and futures markets is examined. Specific topics include: determinants of forward and futures prices, option valuation using binominal trees and Monte Carlo simulation, implied binominal trees, relation between puts and calls, uses of options in investment strategies, hedging techniques, exotic options, applications to corporate securities and other financial instruments.
Prerequisites: Business 241 and Economics 249

BUS354: Multinational Financial Management
3 credits
This course studies the various issues impacting multinational corporations and their international financial management. The course deals with the significance of a country�s balance of payments deficits and surpluses; the markets for foreign exchange; exchange rate determination and volatility; methods to deal with currency fluctuations; currency bloc such as the European Monetary Union; the decision-making process concerning location and financing of production and investments; methods of assessing country risk; international taxation issues.
Prerequisites: Business 241

ECON220: Consumer Economics and Personal Finance
3 credits
This course covers personal financial planning, consumer decision making, present value theory, money management, and credit. Specific topics include: income taxes, investing and portfolio management, risk management (insurance), pensions, long-term family and estate planning, and the problems of information and transaction costs. Students learn to use a spreadsheet on the IBM PC to solve various case problems.
Prerequisites: Economics 101 or 103 and 102 or 104; English 110

ECON229: History of International Business and Finance, 1850 to the Present
3 credits
This course will study the evolution of typical international business and financial structures and their performance through readings and lectures on international enterprise and national economic histories from the first era of globalization to the present. The business of export-import, financing trade and international investment, and multinational enterprise will be covered. Other topics will include the evolution of international monetary systems, trade regulation, and the size of the international economy.
Prerequisites: Economics 101 or 103 and 102 or 104

ECON711: Money and Capital Markets
2 hr. plus conference; 3 credits
Examination of the sources and uses of funds in financial markets; market structure of interest rates; flow-of-funds analysis.

ECON715: Corporate Finance
2 hr. plus conference; 3 credits
The theory of investor and firm behavior in financial markets under uncertainty. Among the topics discussed are portfolio theory, the capital asset pricing model, arbitrage pricing theory, asset valuation theory, and optimum firm decision-making rules with regard to capital budgeting, capital structure, and dividend policy.
Prerequisites: Economics 241 or equivalent