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Finance Course Description

 

Course Description

Finance


FINC 130. PERSONAL FINANCE (Credit, 3 hours). Personal financial management of budgets, savings, credit, insurance, taxes, and investments, including discussion of rental or home purchases, planning for retirement, and estate distribution. A free elective.

 FINC 131. INTRODUCTION TO TRADING FINANCIAL ASSETS (Credit, 3 hours). Study the fundamental concepts of fixed income securities, equities, and financial derivatives, explore the simple pricing models, and apply the concepts and pricing models to various trading simulation cases, such as stocks, bonds, options, futures, and other financial derivatives. A free elective.

FINC 330. MANAGERIAL FINANCE I (Credit, 3 hours). Study of the principles, practices and techniques of financial management with emphasis on business enterprises, including: working capital management, financial analysis, forecasting, plan- ning and control, courses of short and long-term capital, time value of money, capital budgeting, institutional environment of the firm and other related topics. Prerequisites: ACCT 201 and ECON 210

FINC 347. PRINCIPLES OF REAL ESTATE (Credit, 3 hours). Study of principles of real estate appraisal, market analysis, home ownership, investment, brokerage, selling contracts, property right, and other relevant topics. Prerequisites: FINC 330.

FINC 351. FINANCIAL STATEMENT ANALYSIS (Credit, 3 hours). Emphasis on the end results of reporting and interpreting these results to aid in decision-making. Topics include ration analysis, impact of inflation on financial statements, and correlations of book value to market value. Prerequisites: FINC 330.

FINC 390. COMMERCIAL BANKING (Credit, 3 hours). A study of banking industry and structure, bank assets and liabilities management, banking competition, and capital adequacy and profitability. Prerequisites: FINC 330.

FINC 430. MANAGERIAL FINANCE II (Credit, 3 hours). In-depth study of financial management topics including risk analysis and portfolio theory, cost of capital, sources of long-term corporate capital, capital structures, leverage, dividend policy, mergers and acquisitions, business reorganizations, international financial management, and other related topics. Computer software will be used. Prerequisites: FINC 330.

FINC 432. CAPITAL BUDGETING (Credit, 3 hours). An examination of the analytical methods used to evaluate the economic worth of capital investments. The course focuses on capital budgeting under uncertainty and in imperfect market and includes topics such as capital rationing, inflation, leasing, and strategic management. Prerequisites: FINC 330.

FINC 435. RISK AND INSURANCE (Credit, 3 Hours). Study of principles and practices of insurance, including risk management and risk analysis; property, liability, life and health insurance; under- writing and pricing; organizations and administration of insurers; the insurance contract; and the influence of public policy and government regulation. Pre-requisites: junior standing.

FINC 436. INVESTMENTS (Credit, 3 Hours). Characteristics of investments media, investment planning and programming, investment management, sources of information security analysis, portfolio theory and other relevant topics. Computer soft- ware will be utilized. Prerequisites: ECON 275 and FINC 330.

FINC 437. PORTFOLIO ANALYSIS (Credit, 3 Hours). Portfolio diversification analysis is developed in its classical form in single and multi-index models for obtaining correlation structures between securities. The standard capital asset and arbitrage pricing models are also presented, as are topics on international diversification and evaluation of portfolio performance. Portfolio based software will be used. Prerequisites: FINC 436.

FINC 438. DERIVATIVE SECURITIES (Credit, 3 Hours). Application of contingent claims analysis to futures, options, swamps, hybrid securities, and options on futures. Topics include futures and options markets, instruments, uses, and prices. Special attention is given to program trading, portfolio insurance, hedging, and duration issues. Prerequisites: FINC 330 and FINC 436.

FINC 445.  LIFE INSURANCE AND PROFESSIONAL FINANCIAL PLANNING (Credit, 3 Hours). This course explains the uses of life insurance, annuities, health insurance and Social Security in the financial planning context. It explains the integration of Social Security benefits, employer provided benefits, and individually purchased life insurance and investments into comprehensive financial plans. Students successfully completing this course should understand the need for techniques of financial planning in contemporary U.S. society. Prerequisites: FINC 435.

FINC 446.  EMPLOYEE BENEFITS (Credit 3 Hours). This course provides an analysis of group plans (e.g., medical, life, disability and retirement), stock options, profit sharing plans and statutory benefits (e.g., worker's compensation and social security). Includes a review of legislation affecting these plans. Nonā€traditional plans (e.g., child care, flex time and wellness programs) are also included.  Prerequisites: FINC 435.

FINC 447.  PRINCIPLES OF PROPERTY AND LIABILITY INSURANCE (Credit, 3 Hours).  This course is intended to help individuals learn basic information concerning Property and Liability Insurance. The first segment of the course covers the fundamentals of insurance including types of insurers, institutions that provide insurance, how it is regulated, and measurement of financial performance. The second segment includes insurance operations, such as marketing, underwriting, and claims. The final segment covers insurance contrasts, loss exposure, and risk management. Prerequisites: FINC 435.

FINC 448. REAL ESTATE FINANCE (Credit, 3 Hours). Analysis of alternative financing methods and techniques available to the real estate investor, mortgage portfolio management; effect of debt financing on the risk, return, and value of equity investment; influence of government in the operations of the mortgage market and housing finance. Prerequisites: FINC 330 and FINC 347.

FINC 451. FINANCIAL INSTITUTIONS AND CAPITAL MARKETS (Credit, 3 Hours). Studies of various money and capital markets and their com- position, operation and regulations. Determinants of savings and interest rates, flow of funds and portfolio selection and security pricing. Prerequisites: ECON 210 and FINC 330.

FINC 481. INTERNATIONAL FINANCE (Credit, 3 Hours). Study of international financing of exports, imports, investment; the operation of inter- national institutions and money and capital markets; the function of foreign exchange markets in arbitrage and hedging. Prerequisites: FINC 330.

FINC 494. INTERNSHIP IN FINANCE (Credit, 3 Hours). Course offers opportunity to engage in a finance related working experience through on- the-job work assignments with business firms and governmental agencies. Finance students spend 12 hours per week in on-site fieldwork. Prerequisites: Permission of the Department Chair.

FINC 497. INDEPENDENT STUDY IN FINANCE (Credit, 3 Hours) Faculty-supervised study offers students the opportunity to undertake independent research on finance subject matter not covered by formal course, or to participate in specialized topical projects related to the emerging problems and contemporary issues of finance. Prerequisites: Permission of the department Chair and by the college dean.