This Web document is updated twice a year, on or about the first day of registration for Fall and Spring semesters.

15  Fundamentals of Investing (0)

59  Investment Management (0)

1200  Management of Personal Finance (3)
   Budgeting, consumer borrowing, use of savings accounts, life insurance, other types of family insurance, social security, income taxes, home ownership, investing in stocks and bonds, and estate planning.

3000  Fundamentals of Investing and Business Finance (3) Prerequisite: College Algebra
   Introduction to investing and business finance: stocks, bonds, financial analysis and valuation, market access, risk and rate of return.

3040  Financial Management (3) Prerequisite: ECON 2010 and MGT 2490 and ACCTG 2620. Fulfills Quantitative Intensive BS Course.
   Topics include financial analysis, working capital management, Fisherian economics, financial mathematics, capital budgeting, risk/return, cost of capital, capital structure, and dividend policy.

3050  Introduction to Investments (3) Prerequisite: FINAN 3040. Fulfills Quantitative Intensive BS Course.
   Topics include financial markets, market efficiency, financial instruments, asset pricing, portfolio theory, buying and selling securities, term structure and bond valuation, and derivative securities.

4040  Intermediate Corporate Finance (3) Prerequisite: FINAN 3040 and Department consent.
   In-depth treatment of capital structure, dividend policy, corporate incentive problems, and implications for organizational structure and features of securities, agency theory, and signaling theory. This course also covers basic option pricing with applications to valuation of corporate securities.

4050  Intermediate Investments (3) Prerequisite: FINAN 3050 and Departmental consent.
   The course explores the uses and pricing of contingent claims including options, futures, and swaps. Relations to underlying assets such as stocks, bonds, and commodities will be emphasized. Both theoretical models and practical applications are covered, with an emphasis on hedging.

4210  Cases in Financial Management (3) Prerequisite: FINAN 3040 and Department consent.
   Expanded cases used to apply theory of financial management. Topics include financial analysis and planning, capital structure, capital budgeting, leasing, and mergers and acquisitions.

4240  Risk and Insurance (3) Prerequisite: FINAN 3040 or Departmental Consent.
   Topics include the management of personal risks through the use of insurance and non-insurance techniques of risk control. Also included is a survey of personal insurance coverages and social insurance programs.

4330  Credit Institutions (3) Prerequisite: FINAN 3040 or Departmental Consent.
   Management of banks, savings and loan associations, mutual savings banks, investment banking, mutual funds, industrial-loan companies, small-loan companies, insurance companies, and credit unions.

4550  International Finance (3) Prerequisite: FINAN 3040 and Departmental consent.
   Financing of international transactions, balance of payments between nations, adjustment mechanism to deficits (surpluses), international financial institutions and structures, and foreign exchange markets.

4740  Real Estate Principles (3) Prerequisite: FINAN 3040 or Departmental Consent.
   May be taken concurrently with FINAN 3050. Topics include the economics of land, property rights, transaction instruments and legal considerations, brokerage appraisals, financing, zoning, and property management. Also included are issues of basic estate law covering estates and interests in land, contracts, mortgages and trust deeds, liens, conveyancing, and subdivision and development.

4999  Honors Thesis/Project (3) Fulfills Upper-division Communication/Writing.
   Restricted to students in the Honors Program working on their Honors degree.

5210  Short-Term Financial Management: Theory and Practice (3) Prerequisite: FINAN 3040 or Departmental Consent.
   Theories and practice of short-term finance, e.g., areas of cash management, accounts receivable, inventory, accounts, and notes payable management.

5250  Life and Health Insurance (3) Prerequisite: FINAN 3040 or departmental consent.
   Topics include the use of life and health insurance contracts to meet the risks of premature death, old age, illness, disabiity, and unemployment through individual and business insurance. Also included are employee benefit programs, government assistance, and social insurance programs that meet the economic consequences of these risks.

5270  Business Risk Management (3) Prerequisite: FINAN 3040 or Departmental Consent.
   Topics include the application of modern risk management to identify, measure, and control property, liability, and personnel risks in business. Also included is the use of safety management, self-insurance, captive insurance, and commercial insurance to control business risk.

5300  New Venture Finance (3) Prerequisite: FINAN 3040.
   This course will cover topics involved with raising capital for new and growing businesses. Topics include venture capital, private placements, initial public offerings (IPOs), mezzanine debt, preferred stock, warrants, and other forms of new venture financing.

5370  Investment Analysis Techniques (3) Prerequisite: FINAN 3050.
   Fundamental analysis and selection of common stocks, investment timing, investment policy, and portfolio management.

5400  Bank Operation and Practice (3) Prerequisite: FINAN 3040 or departmental consent.
   Bank regulation, asset and liability management, liquidity, capital, earnings, loans, investments, international banking.

5410  Special Topics in Finance (3) Prerequisite: FINAN 3040.
   Content varies depending upon instructor. Course has included topics in both corporate finance and investments.

5760  Real Estate Finance/Law (3) Prerequisite: FINAN 4740 and Departmental consent.
   Topics include the nature of real estate credit, sources of funds, structure of the mortgage market, principles of mortgage risk analysis, and policies and practices of major lending institutions. Also included are basic real estate law principles.

5770  Real Estate Appraisal and Investments (3) Prerequisite: FINAN 3040 or Departmental Consent.
   Economic theories of value as applied to residential and income properties, factors influencing real-property values, apraising real property, framework for real estate investment decisions, rate of return analysis, determinants of real estate investment policy for borrowers and lenders.

5880  Student Managed Portfolio (1.5) Prerequisite: FINAN 3040 or Departmental Consent.
   Content varies depending on instructor. Topics have included options and futures, mergers and acquisitions.

5980  Special Study for Advanced Undergraduates (1 to 3)

6210  Cases in Financial Strategy (4) Prerequisite: MBA 6040 or equivalent.
   Application of financial principles and analysis to real business situations. Management decision making in all areas of business finance. Ethical, regulatory, and international applications to finance. Emphasis on oral and written communication skills. Personal computer applications.

6220  Advanced Corporate Finance (2) Prerequisite: MBA 6040 or equivalent.
   Theoretical aspects of modern corporate finance. Optimal capital structure in different market environments, dividend policy, conflict of interest between groups involved in decision making, and issues of asymmetric information and signaling.

6230  Corporate Finance (4)
   Course in the application of financial principles and analysis to real business situations. Management decision-making in all areas of business finance. Topics will include risk/return, investment banking, international finance, etc.

6240  Risk Management (4) Prerequisite: MBA 6040.
   Recognition, measurement, and management of financial risks to which a corporation is exposed. Topics include portfolio management, measuring credit, currency, or interest rate risk, and the use of derivatives to hedge against risk.

6360  Survey in Investments (4) Prerequisite: MBA 6040 or equivalent.
   Stocks, bonds, and various speculative vehicles in context of market environments in which they are traded. Analytical treatment of portfolio selection and criteria, and measurement of investment performance.

6390  Advanced Investments (2 to 4) Prerequisite: FINAN 6360.
   Options, futures contracts, and other contingent claims. Their uses, equilibrium prices, and relationships to primary securities such as stocks, bonds, and commodities. Theoretical analysis in context of markets in which they are traded.

6550  International Financial Management (2) Prerequisite: MBA 6040 or equivalent.
   Financial management of the multinational firm or firm with international affiliates, suppliers, or markets. Subjects parallel those of standard financial management with added dimensions of exchange rate phenomena, risks and hedging, payment mechanisms, instruments, and institutions for international business.

6910  Special Study for Master's Students (1 to 4)
   Departmental consent is required prior to registration.

6970  Thesis Research: Master's (1 to 12)

6980  Faculty Consultation (3)

7000  Seminar in Current Topics in Financial Economics (1) Prerequisite: PhD standing.
   Recent theoretical and empirical research in financial economics. Students present papers to colleagues.

7800  Financial Economics I (2) Prerequisite: PhD standing.
   Theory of the firm and consumer under certainty and general equilibrium theory as it specifically applies to business.

7810  Financial Economics II (2) Prerequisite: PhD standing.
   Theory of the consumer under uncertainty. Risks and risk aversion, expected utility theory, state preference theory, portfolio selection, moral hazard, adverse selection, and asset pricing.

7815  Foundations of Financial Economics (1 to 4) Prerequisite: PhD standing.
   Introduction to financial economics at a doctoral level. Topics include asset pricing, theory and empirics, options and futures, and issues in corporate finance.

7840  Derivatives (2) Prerequisite: PhD standing.
   Topics include theoretical and empirical research in option pricing, forwards and futures, the term structure of interest rates.

7850  Empirical Research in Financial Management (2) Prerequisite: PhD standing.
   Survey of the empirical research in financial management.

7860  Organizational Economics (2) Prerequisite: PhD standing.
   Why firms exist and take the form they do, incentive problems and contracting, and allocation of decision rights. How agency problems are mitigated by the market for corporate control; compensation plans; game theory.

7870  Empirical Methods in Financial Economics (2) Prerequisite: PhD standing.
   Survey of recent developments in the empirical methodology used in finance.

7880  Theoretical Research in Financial Management (2) Prerequisite: PhD standing.
   Open only to Ph.D. students. Review of current literature and theory. Topics may include dividend policy, capital structure, agency theory, models of asymmetric information, corporate control, mergers and acquisitions, and leasing.

7890  Theoretical Research in Financial Markets (2) Prerequisite: PhD standing.
   Open only to Ph.D. students. Review of current literature and theory. Topics may include theoretical and empirical research in market microstructure.

7900  Advanced Topics in Finance (2) Prerequisite: PhD standing.
   Open only to Ph.D. students. Review of current literature and theory.

7910  Special Study for PhD Students (1 to 5) Prerequisite: PH.D. students only.
   To do a special study with a professor in a particular area of Finance.

7970  Thesis Research: Ph.D. (1 to 9)

7980  Faculty Consultation (1 to 6)

7990  Continuing Registration: Ph.D. (0)