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3000  Fundamentals of Investing and Business Finance (3) Prerequisite: College Algebra Fulfills Quantitative Intensive BS.
   Introduction to investing and business finance: stocks, bonds, financial analysis and valuation, market access, risk and rate of return. For non-Business majors and minors.

3007  Laws & Regulations for Security Dealers (3)
   This class covers the Series 7 License and is designed to prepare the student for passing the National Association of Securities Dealers General Securities Representative Exam. After passing the exam the candidate can be licensed to sell all types of securities. The following topics are covered in the class: Equity Securities, Debt Securities (issued by municipalities, the U.S. Government, government agencies, and corporations), Options, Brokerage Accounts (including margin accounts), Issuing Securities, Trading Securities, Investment Company Products, Retirement Plans, Variable Annuities, Direct Participation Programs, Economics, Analysis, Ethics, Taxation, U.S. Government, State, SEC, and SRO rules and regulations.

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

3041  Accelerated Financial Management (3) Prerequisite: grade of B+ or better in ECON 2010 and MGT 2490 and ACCTG 2620.
   A version of FINAN 3040 intended for sophomores and other students who have the required prerequisites. Topics include financial analysis, working capital management, financial mathematics, capital budgeting, risk/return, cost of capital, and capital structure.

3050  Introduction to Investments (3) Prerequisite: FINAN 3040. Fulfills Quantitative Intensive BS.
   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.

4220  Honors Valuation (3) Prerequisite: FINAN 3040.
   This course will develop techniques for financial decision making through the use of cases and lectures with an emphasis on the valuation and financing of new business ventures. General evaluation concepts will also be discussed.

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)
   Restricted to students in the Honors Program working on their Honors degree.

5010  Applied Financial Institution Case Study (1.5)
   Class provides a hands-on experience into the operation of financial institutions. The class is interdisciplinary in nature and resembles on-the-job training for such organization. A major part of the class is taught by representatives from a major financial institution.

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  Honors Student Managed Investment Portfolio (0.5 to 3) Prerequisite: FINAN 3040 or Departmental Consent.
   Content varies depending on instructor. Topics have included options and futures, mergers and acquisitions.

5881  Managing the Venture Process (1.5 to 3) Cross listed as MGT 5840. Co-requisite: FINAN 4220. Prerequisite: FINAN 5300.
   Meets with MGT 6840. This capstone course provides students with hands-on experience in managing the process of evaluating and funding a start-up company with venture capital funds. Working in teams, the class will place funds from the David Eccles School of Business Student Venture Fund and work with the managers of funded companies and with the board of the Fund. The class will be structured as a year-long venture capital management project supported by a series of seminars taught by regular faculty, venture capitalists, and new venture service providers from the community. Topics will include identification of new ventures, due diligence procedures, firm valuation methods, the role of the venture capitalist as a board member, selecting and structuring management teams, setting up compensation and reward structures, and other relevant topics to be determined by the instructional team.

5980  Special Study for Advanced Undergraduates (1 to 3)

6020  Financial Management (3) Prerequisite: Master's status in the School of Business and either ACCTG 6001 or equivalent.
   Topics include financial analysis, planning, working-capital management, financial math, valuation, and capital budgeting.

6025  Managerial Economics (1.5) Prerequisite: Master's status in the School of Business and either MATH 1100 or equivalent.
   Addresses fundamental principles of economics from the managerial perspective. Topics include supply and demand in markets, analysis of production and cost, consumer theory, analysis of market structure, the banking system, and macroeconomics.

6120  Economics (1.4 to 3) Prerequisite: Masters status in the School of Business.
   Teaches the basic principles of microeconomics and macroeconomics and their usefulness in making business decisions. The course covers supply and demand, individuals consumption, savings, and labor behavior. In addition, the course analyzes both short-run fluctuations and long-run growth of the aggregate economy. Topics include profit maximization, utility maximization, demand, supply, uncertainty, game theory, agency theory, booms and recessions, inflation and unemployment, monetary and fiscal policy, budget and trade deficits, and interest and exchange rates.

6121  Corporate Finance (2.8) Prerequisite: Masters status in the School of Business.
   Uses modern financial theory and analytical methods as the framework for decision-making by corporate financial officers. Topics include financial mathematics, valuation of financial and real assets, capital budgeting, capital structure, cost of capital, management of working capital, issuing bonds and stocks, mergers and acquisitions, and international finance. The overall framework is maximizing shareholder value.

6122  Advanced Finance (2.8) Prerequisite: Masters status in the School of Business.
   The objectives are twofold: to apply corporate financial concepts to case situations; and to introduce more advanced concepts in corporate and investment finance. Topics include financial statement analysis, forecasting of financial statements, estimation of firms required return, determination of appropriate capital structure, application of risk management, analysis of appropriate dividend policies, economic value-added analysis, and estimation of firm valuation. The above topics are focused on financial strategies from the prospective of management, lenders, and investors.

6210  Cases in Financial Strategy (3) Prerequisite: Master's Status in the School of Business.
   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 (3) 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 (3)
   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 and Derivatives (3) 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.

6300  Venture Capital (3) Prerequisite: FINAN 6020.
   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.

6330  Credit Institutions (1.5) Prerequisite: Masters status in the School of Business.
   A graduate level class that considers 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.

6350  Investing in Financial Markets in the E-era: Beyond Greed and Fear (1.5) Prerequisite: FINAN 6020.
   The proliferation of the internet has dramatically increased investors' access to financial markets. This course will introduce students to the efficient markets paradigm and to behavioral finance issues with a a goal of providing students with a framework for evaluating the costs and benefits associated with various investment strategies, and the implications for both investors and managers.

6360  Investments and Portfolio Management (3) Prerequisite: Master's Status in the School of Business.
   Examine stocks, bonds, derivatives, and financial markets. Analytic treatment of portfolio selection and measurement of investment performance.

6370  Introduction to Investment Analysis Techniques (1.5) Prerequisite: FINAN 6020.
   This class introduces the student to modern techniques in investment analysis. Fundamental analysis is used in the process of common stock and other funancial assets selection. Market timing and the general investment approach are other concepts that are used to perform effective portfolio management.

6390  Advanced Investments (1.5 to 3) Prerequisite: Master's Status in the School of Business.
   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 Finance (3) Prerequisite: Master's Status in the School of Business.
   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.

6570  Financial Distress and Corporate Restructuring (1.5 to 3) Prerequisite: FINAN 6020.
   The course will examine important issues in corporate bankruptcy and distressed restructurings. Primary issues will be managers' choices when faced with financial distress and the interplay between creditors and the firm in resolving distress. We will examine investment banking techniques used to enhance the firm value in financial distress, alternative methods of reorganizing a firm outside of bankruptcy, and corporate bankruptcy. Understanding the legal framework of bankruptcy is important even for firms which avoid bankruptcy because the rules exert an important influence on the behavior of both creditors and debtor firms. Classes will be a mixture of lectures and cases.

6590  Mergers and Acquisitions (3) Prerequisite: FINAN 6020.
   The class explores the process of mergers and acquisitions (M&A). The alignment of M&A with strategic directions of the enterprise combined with the search process and target identification are studies. An important element of the M&A process is the valuation of the target. Accounting issues, tax, and legal considerations are examined in this context. Finally, deal negotiations, closing the deal, and effective integration of the target conclude this class.

6881  Managing the Venture Process (1.5 to 3) Cross listed as MGT 6840. Prerequisite: FINAN 6300.
   Meets with MGT 5840. This capstone course provides students with hands-on experience in managing the process of evaluating and funding a start-up company with venture capital funds. Working in teams, the class will place funds from the David Eccles School of Business Student Venture Fund and work with the managers of funded companies and with the board of the Fund. The class will be structured as a year-long venture capital management project supported by a series of seminars taught by regular faculty, venture capitalists, and new venture service providers from the community. Topics will include identification of new ventures, due diligence procedures, firm valuation methods, the role of the venture capitalist as a board member, selecting and structuring management teams, setting up compensation and reward structures, and other relevant topics to be determined by the instructional team.

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.

7090  Industrial Organization Public Policy (3)
   Meets with ECON 7100. Graduate level theory of industrial organization. The course will emphasize game theoretic approaches to microeconomics. The course will cover some or all of the following topics: game theory, monopoly, oligopoly, mergers, vertical restraints, price discrimination, vertical integration, product differentiation, auctions, empirical analysis of market structure, technological change, antitrust law, and regulated industries.

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 (1 to 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 7) Prerequisite: Ph.D. students only.
   To do a special study with a professor in a particular area of Finance.

7920  Directed Summer Ph.D. Research (1 to 6) Prerequisite: PhD level course open to Ph.D. students only.
   Directed summer PhD research leading to meeting the requirements of PhD Candidacy; specific goals as prescribed by the student's stage in the PhD Program.

7970  Thesis Research: Ph.D. (1 to 9)

7980  Faculty Consultation (1 to 6)

7990  Continuing Registration: Ph.D. (0)