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Finance Courses (MFIN) Carroll School of Management


Subject Area Course # Course Title Semester Credit Hours Expand
MFIN 1021 Basic Finance Fall/Spring 3
Course Description

This is a course designed to survey the areas of corporate financial management, money and capital markets, and financial institutions. Corporate finance topics include the time value of money, the cost of capital, capital budgeting, financial analysis, and working capital management. Financial markets and institutions cover the role of financial intermediaries and instruments as they function in a complex economic system.


Instructor(s): The Department

Prerequisites: ACCT1021

Cross listed with:

Comments:

MFIN 1031 Basic Finance--Honors Fall/Spring 3
Course Description

This course is a more rigorous version designed for honor students. The same material will be covered, but additional work in the form of a project, case assignments, and a presentation will be assigned.


Instructor(s): The Department

Prerequisites: ACCT1021, CSOM Honors program

Cross listed with:

Comments:

MFIN 1127 Corporate Finance Fall/Spring 3
Course Description

This course is designed to teach the techniques of financial analysis and the management of a firm's sources and uses of funds. Topics treated intensively include financial statement analysis, techniques of financial forecasting, operating and financial leverage, working capital management, capital budgeting, leasing, and long term finance. The teaching method will be a combination of lectures, problems, and cases.


Instructor(s): The Department

Prerequisites: MFIN1021

Cross listed with:

Comments:

MFIN 1132 Money and Capital Markets Fall 3
Course Description

This course is designed to teach students about the nature, role and function of financial markets, and other institutions within the context of funds flow. It deals with the process of financial intermediation historically and analytically. In addition, the course covers the theories of interest rate determination and monetary policy as they affect the performance of financial markets.


Instructor(s): Department

Prerequisites: Must have successfully completed MFIN1021

Cross listed with:

Comments:

MFIN 1151 Investments Fall/Spring 3
Course Description

The course introduces the student to the process of investing in financial securities. The functioning of financial markets and the analysis of various investment media are examined. Major topics include valuation models for stocks, bonds, and options.


Instructor(s): The Department

Prerequisites: MFIN1021

Cross listed with:

Comments:

MFIN 1157 Management of Financial Institutions Spring 3
Course Description

This course is intended to provide the student with an introduction to the management of key financial institutions. The factors that influence the management of these institutions will be examined. Specific topics are flow of funds statements, the effects of interest rate changes, and the cash position and portfolio and loan management for several types of financial firms; such as commercial banks, savings banks, insurance companies, pension funds, mutual funds, credit unions, and investment banks.


Schedule: Periodically

Instructor(s): The Department

Prerequisites: MFIN1021

Cross listed with:

Comments:

MFIN 2202 Derivatives and Risk Management Fall/Spring 3
Course Description

This course is an introduction to derivative assets such as futures, forwards, swaps, and options, financial engineering, risk management, and mortgage and credit derivatives. We will cover the pricing of these derivative assets as well as securities that contain embedded options. We will consider risk management strategies such as static and dynamic hedging. Applications will be considered from equity, commodity, bond, and mortgage-backed markets.


Instructor(s): Professor Alan Marcus

Prerequisites: MFIN1151 and MFIN1127

Cross listed with:

Comments:

MFIN 2205 Corporate Financial Strategies Fall 3
Course Description

This course examines how corporate financial managers create value for stakeholders through a broad range of financial transactions. We will first take an in depth look at corporate valuation methodologies from both a theoretical and applied perspective. Then, using a combination of case studies, class presentations, and assigned readings, we will focus on applications of these methods in the context of various types of corporate restructurings. Specific applications will include capital structure and financing decisions, M&A and other asset restructuring decisions, and more complex financial transactions including buyouts and distressed restructurings. (Prerequisites – MFIN1127; MFIN1151 no less than a co-requisite).


Schedule: Periodically

Instructor(s): Edith Hotchkiss

Prerequisites: Must have successfully completed MFIN1127

Cross listed with:

Comments:

MFIN 2207 Real Estate Finance Fall/Spring 3
Course Description

The objective of this course is to provide an introduction and understanding of real estate finance that is widely used for evaluating real estate investment proposals. While the course will consider maximizing the net worth-owner's equity of the individual investor, as well as criteria for the selection among alternative investments, the course will offer a consideration of current events in real estate finance and their pragmatic effect upon real estate projects.


Schedule: Periodically

Instructor(s): The Department

Prerequisites: MFIN1021

Cross listed with:

Comments:

MFIN 2210 Entrepreneurial Finance Spring 3
Course Description

The objective of this course is to introduce undergraduate students with a special focus on entrepreneurial finance, investment banking, and financial engineering. The first part of the course will cover such issues as venture capital, private equity, and IPOs with the second part of the course will cover different aspects of the investment banking industry, and the role of investment banks in various corporate transactions such as IPOs, Seasoned Equity Offerings, Stock Repurchases, Corporate Spin-offs, Equity Carve-outs, Leveraged Buyouts, and Mergers and Acquisitions.


Instructor(s):

Prerequisites: Must have successfully completed MFIN1021

Cross listed with:

Comments: This course includes 2 (two) MANDATORY Wednesday evening sessions held November 8 and 15 from 7 p.m. to 9:30 p.m. Please only sign up for this course if you have no conflicting classes, travel, or other events those evenings.

MFIN 2212 Venture Capital Fall/Spring 3
Course Description

This course will provide a thorough understanding of how venture capital and private equity firms operate. Topics include how VC/PE firms are structured and how they manage a fund over the course of its life cycle: raising a fund, sourcing deals, evaluating investment opportunities, valuing businesses, negotiating term sheets with entrepreneurs, adding value to portfolio companies, and exiting investments. While this course takes the perspective of the investor, it will also cover the funding life cycle of a typical start-up with an emphasis on what the roles of Venture Capital and Private Equity are relative to other sources of financing. Course material will be presented primarily through case studies and selected readings. Class participation is important as students will learn from each other as they discuss the real problems faced by private equity professionals. This course will be beneficial to anyone interested in investing in/buying a business someday.


Instructor(s): The Department

Prerequisites: Must have successfully completed MFIN1021

Cross listed with:

Comments:

MFIN 2225 Financial Policy Fall/Spring 3
Course Description

Topics treated intensively include the valuation of the firm, risk analysis in capital budgeting, capital structure theory and policy, and dividends. The second phase will deal almost exclusively with cases designed to provide an opportunity to (1) apply the principles covered during the first segment; (2) integrate the firm's financial decisions; (3) demonstrate the relationship between corporate finance and other subfields of finance; (4) introduce the notion of financial strategy; and (5) show the relationship between finance and other management functions.


Instructor(s): The Department

Prerequisites: MFIN1127, MFIN1151

Cross listed with:

Comments:

MFIN 2226 Equities Securities Analysis Fall 3
Course Description

The equities securities analysis and valuation course will teach a highly rigorous approach to equities securities analysis and valuation with a heavy emphasis on in-class discussion and case study analysis. Initially, the course will focus on financial theory that underpins equity security valuation, and then move on to understand how industry structure and a company's competitive advantage influences an investor's decision making and valuation. Financial statement analysis, modeling, and different valuation techniques will be explored in detail. Where appropriate, guest lecturers will be brought in to share their specific expertise and perspectives as an investor. By the end of the course, the goal will be to have every student be able to analyze a company as a potential investment and understand its valuation. While the course description is specific to equity securities, the tools and techniques taught will apply to all financial analysis and decision making.


Instructor(s): Louis Salemy, MTS Capital and Principal

Prerequisites: MFIN1127

Cross listed with:

Comments:

MFIN 2230 International Finance Fall/Spring/Summer 3
Course Description

This course is designed to familiarize the student with financial management problems and opportunities in a multinational corporation. Topics including the source and use of funds, capital management, and capital budgeting are discussed in light of such multinational complexities as foreign exchange risk, multiple legal and political jurisdictions, and differential government. The environments of trade are also studied.


Instructor(s): The Department

Prerequisites: MFIN1021

Cross listed with:

Comments:

MFIN 2235 Investment Banking Fall 3
Course Description

This course is the study of investment banking beginning with strategic planning and financial management; moving to the analysis, financing and valuation of investment opportunities; and finishing with the study of corporate governance and ethical issues faced by investment bankers. This course examines the primary functions of investment banking such as syndication, mergers & acquisitions (M&A), leveraged buyouts (LBO) and corporate restructuring.


Instructor(s): Darren Kisgen

Prerequisites: Must have successfully completed MFIN1127

Cross listed with:

Comments:

MFIN 2240 International Banking Fall 3
Course Description


Instructor(s):

Prerequisites: Must have successfully completed MFIN1127

Cross listed with:

Comments:

MFIN 2245 Project Financing Fall 3
Course Description

Project financing is a unique financing technique that has been used on many high-profile corporate projects, including Euro Disneyland and the Euro tunnel. Employing a carefully engineered financing mix, it has long been used to fund large-scale natural resource projects, from pipelines and refineries to electric-generating facilities and hydroelectric projects. Increasingly, project financing is emerging as the preferred alternative to conventional methods of financing infrastructure and other large-scale projects worldwide.


Instructor(s):

Prerequisites: MFIN1127

Cross listed with:

Comments:

MFIN 2250 Fixed Income Analysis Fall/Spring 3
Course Description

This course presents the fundamental theoretical concepts of financial economics. Topics include measuring and managing interest rate risk, the theory of portfolio choice, and introduction to asset such as capital assets pricing models, arbitrage pricing theory, option pricing models and state-preference theory.


Schedule: Periodically

Instructor(s): The Department

Prerequisites: MFIN1151

Cross listed with:

Comments:

MFIN 2255 Financial Policy Fall 3
Course Description


Instructor(s):

Prerequisites: MFIN1127

Cross listed with:

Comments:

MFIN 2299 Individual Directed Study Fall/Spring 3
Course Description

This is an opportunity for students interested in independent study to engage in a one-to-one relationship with a faculty member of the Finance Department. This course is only available to students who have demonstrated (1) an extremely strong interest in a particular area of finance, and (2) a strong self-motivation and self-discipline in previous studies. Students are required to present their research results to a departmental faculty group towards the end of the semester. The permission of the department chairperson is to be obtained when the individual faculty member has agreed to direct the student's research project.


Instructor(s): The Department

Prerequisites: MFIN1021, senior status, CSOM, and permission of faculty member and department chairperson

Cross listed with:

Comments:

MFIN 3351 Financial Statement Analysis Fall/Spring 3
Course Description

This course covers current techniques and applications of Financial Statement Analysis (FSA). Exposes students to the contemporary financial reporting environment and current reporting practices of U.S. companies. Students will analyze real-life cases to foster an understanding of the economic and strategic information conveyed in financial reports. FSA may be taken through the Accounting(ACCT3351) or Finance (MFIN3351) Department. Note that students planning to count the class as part of their accounting requirements for purposes of meeting the CPA requirements should register for the class through the Accounting Department (ACCT3351). Students who wish to use the class to satisfy both their finance and accounting or corporate reporting major requirements should register for the class through the Finance Department (MFIN3351). This latter option is valid only up to the class of 2018.


Instructor(s): Amy Hutton and Mark Bradshaw

Prerequisites: ACCT1021 or ACCT1031, and MFIN1021

Cross listed with: ACCT3351

Comments:

MFIN 6602 Venture Capital and Investment Banking Fall/Spring 3
Course Description

This course looks at the nature of the VC firm, its fundraising, and compensation. It further explores the strategies, valuation, and corporate management issues. Of importance are the VC's exit strategies, term sheet negotiations, and syndicating.


Instructor(s): The Department

Prerequisites: Undergraduate MFIN1127, Graduate prerequisite - MFIN7704 or higher

Cross listed with:

Comments: Undergraduate students seeking enrollment in a 600-level course require department permission.

MFIN 6604 Money and Capital Markets Fall/Spring 3
Course Description

This course is intended to facilitate how you learn and help you to concentrate on the important fundamentals of our vibrant financial system. As current events strongly influence the domestic and world business community, the course will include their impact on decision making within context of the lecture. Once we have an underpinning of the market components such as interest rates, bonds, equities et alia, we will move through how the various markets for these components interact, how the government sets policy and regulation and how financial institutions function as the main participants.


Instructor(s): Michael Rush

Prerequisites: Undergraduate prerequisite- MFIN1127, Graduate prerequisite -MFIN7704 or higher

Cross listed with:

Comments: Undergraduate students seeking enrollment in a 600-level course require department permission.

MFIN 6605 M.S. in Finance Seminar: Role of Investment Management Firms/Financial Markets Spring/Summer 3
Course Description

This course covers how an $11 trillion dollar industry composed of mutual funds and investment companies operate in the U.S. It also touches upon the worldwide assets of these companies and focuses on the astounding growth of the mutual fund industry as the major choice of savers/investors. The course also covers how the fund industry continues to build resources as a function of continuing shareholder investment plans and retirement/education based savings. A guest lecture series of invited portfolio management executives and other fund disciplines is a component of the course curriculum.


Instructor(s):

Prerequisites: None

Cross listed with:

Comments:

MFIN 6606 Forecasting Techniques Fall 3
Course Description

The theory and practice of applied time series analysis will be explored. First the different segments (trend, seasonality, cyclical and irregular) of a time series will be analyzed by examining the Autocorrelation functions (ACF) and Partial Autocorrelation functions (PACF). The specifics model to model the various types of time series include linear regression, panel regression, seasonal decomposition, exponential smoothing, ARIMA modeling as well as combining models.


Instructor(s): Richard McGowan, S.J.

Prerequisites: Undergraduate prerequisite-ECON1151orECON1155 Statistics/Graduate prerequisite -OPER7725

Cross listed with: OPER6606 ECON2229

Comments:

MFIN 6612 The Mutual Fund Industry Fall 3
Course Description

The study of mutual funds involves an understanding of the investment process and also of many other aspects of business. The mutual fund industry has developed innovative marketing and pricing strategies. It has been a leader in applying technology to transaction processing and customer service and has expanded globally on both the investment and sales fronts. Mutual funds can influence several aspects of a person's life. Investors interested in the stock or bond market will most likely consider investing in mutual funds. This course will both focus on both a detailed study of the mutual fund industry and case studies.


Instructor(s):

Prerequisites: MFIN1127/MFIN7704 or higher

Cross listed with:

Comments:

MFIN 6613 Financial Crisis of 08/09:Econ&Regulatory Policy Fall 3
Course Description

This course examines the current economic situation and potential policy lessons. The course is in three modules. The first is a brief history of financial panics. The course then focuses on the origins of the current situation with specific attention to changes in the housing markets including the development of securitization and accompanying financial innovations. It concludes with an analysis of some of the recent policy responses and their impact on the macro economy. There will be a number of guest lectures by experts either currently or recently involved in developing policy approaches for the financial crises.


Instructor(s): Richard Syron

Prerequisites: MFIN1127/MFIN8807

Cross listed with:

Comments:

MFIN 6616 Investment Banking Fall/Spring/Summer 3
Course Description

This course provides an overview of investment banking.We will study the investment banking industry with a specific focus on the role of investment bankers in capital markets and recent regulatory changes. Provide both an institutional perspective on the investment banking industry and an opportunity to apply financial theories and models. Some of the specific topics that we will cover are stock underwriting and valuation, fixed-income securities underwriting, including junk bonds, asset securitization, merchant banking and private equity firms, money management and mutual funds, structuring deals, including mergers, acquisitions, and divestitures, global financial markets, securities regulations, and ethics.


Instructor(s): The Department

Prerequisites: MFIN1021. MFIN1151 and MFIN1127 (for undergrad) /MFIN8801 is recommended (for grad)

Cross listed with:

Comments:

MFIN 6617 Hedge Funds Spring 3
Course Description

The objective of this course is to broaden the student's understanding of hedge funds and the markets in which they operate. The course provides an outline for understanding the structure and operation of the different styles and strategies of hedge funds. Throughout the course current issues and academic literature related to hedge funds are discussed, as is the key role played by the rapid growth of cash inflows in shaping the industry.


Instructor(s): The Department

Prerequisites: MFIN1127, MFIN1151 undergraduate; MFIN8801 graduate

Cross listed with:

Comments: Undergraduate students seeking enrollment in a 600-level course require department permission.

MFIN 6618 MS in Finance Seminar:Emerg Global Fin Markets&Institutions Spring 3
Course Description

In today's global world, there is no aspect of business that is not directly or materially affected by the giants of the financial services sector. The study of international commerce, then, should include an understanding of the current and future role of global financial institutions, key drivers influencing the industry, and strategic challenges and opportunities facing today's financial services' CEOs. This course will provide a student, without a financial institution background, with critical fundamentals to apply to their own experiences.


Instructor(s):

Prerequisites: None

Cross listed with:

Comments:

MFIN 6619 M.S. in Finance Seminar: Economic Crises Fall/Spring 3
Course Description

Presented by Professor Richard Syron, former President of Freddie Mac, this course examines the current financial and economic situation in light of previous financial panics and regulatory responses.


Instructor(s): Richard Syron

Prerequisites: Undergraduate prerequisite-MFIN1127/Graduate prerequisite -MFIN7704 or higher

Cross listed with:

Comments: Undergraduate students seeking enrollment in a 600-level course require department permission.

MFIN 6620 Equity Analysis Fall/Spring/Summer 3
Course Description

This course is intended to provide a practical understanding of equity analysis, which is as much art as science. Understanding the financial theory/formulas is a necessary first step, but in the world of investing, the vast majority of time is spent analyzing the respective industries and companies to derive the earnings estimates to then input into formulas. Students will develop a framework for understanding the following: basic valuation techniques and their application, industry, strategic and competitive analysis, modeling income statements and balance sheets to project earnings, writing research reports, and insight to how you add value in equity research.


Instructor(s):

Prerequisites: Undergraduate: MFIN1127 or MFIN1151; Graduate: MFIN7704 or higher

Cross listed with:

Comments:

MFIN 6621 Equity Securities Analysis Spring 3
Course Description

The equities securities analysis and valuation course will teach a highly rigorous approach to equities securities analysis and valuation with a heavy emphasis on in-class discussion and case study analysis. Initially, the course will focus on financial theory that underpins equity security valuation, and then move on to understand how industry structure and a company’s competitive advantage influences an investor’s decision making and valuation. Financial statement analysis, modeling, and different valuation techniques will be explored in detail. Where appropriate, guest lecturers will be brought in to share their specific expertise and perspectives as an investor. By the end of the course, the goal will be to have every student be able to analyze a company as a potential investment and understand its valuation. (Graduate prerequisite –MFIN7704 or higher).


Instructor(s): Salemy

Prerequisites: MFIN1127, MFIN1151 undergraduate; MFIN7704 graduate

Cross listed with:

Comments: Undergraduate students seeking enrollment in a 600-level course require department permission.

MFIN 6622 Mergers & Acquisitions Spring 3
Course Description

This course will review the merger & acquisition process from the perspective of buyers and sellers of both private and public companies. Placing emphasis on the valuation of companies as well as the analysis of non-financial factors, the course will endeavor to provide the participants with a practical approach to analyzing and advising clients on the positive and negative aspects of an M&A transaction. Additional topics will include understanding the use of leverage, transaction structure, due diligence, and the concept of fairness. The class will be a combination of lectures and case studies presented in class by the participants.


Instructor(s): Paul Marcus

Prerequisites: MFIN1127, MFIN1151 undergraduate; MFIN7704 graduate. Undergraduate students seeking enrollment in a 6000-level course require department permission.

Cross listed with:

Comments: Paul Marcus is a Managing Director in the Boston office of Duff & Phelps, and is part of the Dispute and Legal Management Consulting Practice. Paul has over 25 years of experience in advising clients in commercial disputes or litigation, corporate finance, mergers and acquisitions, security and business valuation, solvency analysis, investment decision making, performing independent fundamental research and due diligence, strategic planning and financial analysis, raising and providing capital, originating, structuring, and negotiating complex financial transactions.

MFIN 6627 Fin Sem: Relevant Topics in Equity Securities Analysis Spring 3
Course Description


Instructor(s):

Prerequisites: Must have successfully completed MFIN1127

Cross listed with:

Comments:

MFIN 6631 International Financial Management Fall/Spring 3
Course Description

This is a graduate (advanced undergraduate) level (elective) course containing three parts: (1) important issues for corporate sectors and financial markets around the globe, including ownership structure; corporate governance; financing channels and decisions; risk management; capital flows and financial crises; (2) financial system and corporate sectors in a few specific emerging markets; and (3) a few cases related to topics covered in the course and a term (case) project.


Instructor(s): Jin Qian

Prerequisites: Undergraduate: MFIN1127, Graduate: MFIN7704

Cross listed with:

Comments: Undergraduate students seeking enrollment in a 600-level course require department permission.

MFIN 6635 Emerging Markets Finance Fall 3
Course Description


Instructor(s):

Prerequisites: None

Cross listed with:

Comments:

MFIN 6640 Finance Seminar: Simulation and Optimization in Finance Summer/Fall/Spring 3
Course Description

This course studies the theory and practice of financial simulation and optimization using quantitative techniques that enable finance professionals to make optimal decisions under uncertainty. While theoretical material and background for these techniques will be introduced, the focus is on their applications and hands-on implementation utilizing software packages and programing platforms that are widely used in the financial industry. Topics include simulation of important probability distributions, random walks, linear and nonlinear optimization and backtesting. Lectures draw on examples such as asset allocation under different definitions of risk; portfolio risk management; modeling asset price dynamics; trading strategies; index tracking; derivative pricing, hedging, arbitrage; capital budgeting under uncertainty and real options.


Instructor(s): Mark Vetrano

Prerequisites: Must have successfully completed MFIN8801

Cross listed with:

Comments:

MFIN 6645 Project Finance Spring 3
Course Description

Project financing is a unique financing technique that has been used on many high-profile corporate projects, including Euro Disneyland and the Euro tunnel. Employing a carefully engineered financing mix, it has long been used to fund large-scale natural resource projects, from pipelines and refineries to electric-generating facilities and hydroelectric projects. Increasingly, project financing is emerging as the preferred alternative to conventional methods of financing infrastructure and other large-scale projects worldwide.


Schedule: Biennially

Instructor(s):

Prerequisites: MFIN1127/MFIN8807

Cross listed with:

Comments:

MFIN 6665 Fundamental Analysis Fall 3
Course Description

The objective of the course is to provide hands-on experience in financial statement analysis in a real-world setting. Students will be exposed to general tools of financial analysis, theoretical concepts, and practical valuation issues. By the end of the course, students should develop a framework for evaluating an investment opportunity by using a firm's financial statements to draw an understanding of their performance and provide a basis for making reasonable valuation estimates, as well as have an understanding of the challenges investor face in determining the earnings power of a company.


Instructor(s): Arvind Navaratnam

Prerequisites: Undergraduate prerequisite MFIN1127 /Graduate prerequisite MFIN7704 or higher

Cross listed with:

Comments:

MFIN 7701 Economics Fall 3
Course Description


Instructor(s):

Prerequisites: None

Cross listed with:

Comments:

MFIN 7704 Financial Management Fall/Spring/Summer 3
Course Description

This course deals primarily with a firm's investment and financing decisions. Topics treated intensively include valuation and risk, capital budgeting, financial leverage, capital structure and working capital management. Also discussed are financial statistical analysis and tools of planning and control. Some attention is given to financial institutions and their role in supplying funds to businesses and non-profit organizations. Section number 1 of this course will be offered on-campus and section number 11 will be offered online. Please see the link http://bit.ly/CSOM1 for details about the online section


Instructor(s): The Department

Prerequisites: Introduction to Accounting

Cross listed with:

Comments:

MFIN 7722 Financial Management Spring 2
Course Description

This is a First Year M.B.A. Core course in finance. The course will deal with an organization's investment and financing decisions and its interactions with the capital markets. Topics include valuation and risk assessment, capital budgeting, financial decisions and working capital management. Investors' valuation of securities is linked to both the net present value rule for corporate decisions, and possible sources of value creation.


Instructor(s): The Department

Prerequisites: None

Cross listed with:

Comments:

MFIN 8801 Investments Fall/Spring 3
Course Description

In a competitive market, investors allocate funds among financial securities in response to perceived values and subjective attitudes toward risk. This course addresses the issues that seem to determine the relative values of financial instruments and the techniques available to assist the investor in making risk/return tradeoff. Section numbers 1 and 2 will be offered on-campus and section number 11 will be offered online. Please see the link http://bit.ly/CSOM1 for details about the online section.


Instructor(s): The Department

Prerequisites: MFIN7704/MFIN7722 or equivalent

Cross listed with:

Comments:

MFIN 8802 Venture Capital Spring/Fall 3
Course Description

Concerns the various dimensions of venture capital and gain a preliminary working knowledge of the venture capital process and the challenges of capital within the entrepreneurial setting. The course will help students understand the steps necessary to create a fund, to attract and to analyze venture capital investments, to create value within the portfolio companies, and to coordinate exit strategy. This course will help those interested in small business to better understand this popular source of capital, and help those interested in a career in an entrepreneurial company or in venture capital to better understand the venture business.


Instructor(s): The Department

Prerequisites: MFIN7704 or MFIN7722 (MFIN8801 and MKTG7705 or MKTG7721 also strongly recommended)

Cross listed with:

Comments:

MFIN 8803 Active Portfolio Management Fall/Spring/Summer 3
Course Description

This course provides a detailed introduction to quantitative portfolio management techniques. After a review of basic investment theory and statistical methods, we will concentrate our class discussion on the following issues: mean-variance portfolio construction methods in theory and in practice and the role for active quantitative portfolio management


Instructor(s): The Department

Prerequisites: MFIN8801 and MFIN8852

Cross listed with:

Comments:

MFIN 8807 Corporate Finance Fall/Spring/Summer 2
Course Description

This course studies the techniques of financial analysis, including financial statement analysis, cash budgeting, and pro forma analysis. It also covers the firm's investment and financing decisions, including the concepts of present and net present value, capital budgeting analysis, investment analysis under uncertainty, the cost of capital, capital structure theory and policy and the interrelation of the firm's investment and financing decisions.


Instructor(s): The Department

Prerequisites: MFIN7704/MFIN7722 or equivalent

Cross listed with:

Comments:

MFIN 8808 Financial Policy Fall/Spring/Summer 3
Course Description

This course applies financial theories, techniques, and models to the study of corporate financial decisions. Aspects of corporate strategy, industry structure, and the functioning of capital markets are also addressed. Students are required to study an actual firm from the perspective of concepts and models developed in the course and present the study to the class.


Instructor(s): The Department

Prerequisites: MFIN8801 (Investments) and MFIN8807 (Corporate Finance)

Cross listed with:

Comments:

MFIN 8809 Strat Mngmt/Fin Ser Insts Fall 3
Course Description


Instructor(s):

Prerequisites: None

Cross listed with:

Comments:

MFIN 8811 Advanced Topics: Investment Management Fall 3
Course Description

Developed by the Center for Investment Research and Management (CIRM), this applied-learning curriculum is offered as a three-course sequence, with student investment advisory teams competing for the opportunity to manage live money. CIRM--Phase II (MF 811) students develop proposals aimed at earning the opportunity to manage real portfolios. Course work includes portfolio strategy design, back-testing and performance analysis, implementation strategies, and financial accounting software.


Schedule: Periodically

Instructor(s): Charles E. Babin

Prerequisites: MFIN7704 or MFIN7722

Cross listed with:

Comments:

MFIN 8818 Financial Markets and Instruments Fall 3
Course Description


Instructor(s):

Prerequisites: None

Cross listed with:

Comments:

MFIN 8820 Management of Financial Institutions Fall/Spring/Summer 3
Course Description

This course considers banks and other financial institutions as information and deal-making entities. This broad perspective is used to explain how and why changing information and contracting technologies are altering the structure of the financial services industry and financial regulation. Lectures explore the implications of these ongoing changes for the methods financial institution executives should use to measure and manage an institution's risk and return.


Instructor(s): The Department

Prerequisites: MFIN7704/MFIN7722 or equivalent

Cross listed with:

Comments:

MFIN 8821 Corporate Valuation and Restructure Fall 3
Course Description

This course exposes students to a broad range of financial restructuring techniques that can be applied to improve business performance. Case discussion and visitors are used to illustrate how various corporate restructuring approaches can be used to increase firm value and to highlight characteristics of potential candidates for different restructuring techniques. The case analysis provides opportunity to practice the application of standard corporate valuation methods.


Instructor(s): Hotchkiss

Prerequisites: Must have successfully completed MFIN8807

Cross listed with:

Comments:

MFIN 8825 CIRM3: Portfolio Management Spring 3
Course Description

TBD


Instructor(s): Remi Browne

Prerequisites: Must have successfully completed MFIN8824

Cross listed with:

Comments:

MFIN 8826 Equities Securities Analysis Fall 3
Course Description

The equities securities analysis and valuation course will teach a highly rigorous approach to equities securities analysis and valuation with a heavy emphasis on in-class discussion and case study analysis. Initially, the course will focus on financial theory that underpins equity security valuation, and then move on to understand how industry structure and a company¿s competitive advantage influences an investor¿s decision making and valuation. Financial statement analysis, modeling, and different valuation techniques will be explored in detail


Instructor(s): Lou Salemy

Prerequisites: Must have successfully completed MFIN1127

Cross listed with:

Comments: Where appropriate, guest lecturers will be brought in to share their specific expertise and perspectives as an investor. By the end of the course, the goal will be to have every student be able to analyze a company as a potential investment and understand its valuation. With 24 years in the investment business, the goal of the lecturer is to bring financial theory alive in the classroom through specific case studies. While the course description is specific to equity securities, the tools and techniques taught will apply to all financial analysis and decision making.

MFIN 8852 Financial Econometrics Fall/Spring/Summer 3
Course Description

This course teaches how mathematical techniques and econometrics are used in financial research and decision making. Topics include matrix algebra, differential and integral calculus, simple linear regression, residual analysis, multivariate regression, and the generalized linear model. Students will be introduced to the latest developments in theoretical and empirical modeling.


Instructor(s): The Department

Prerequisites: Statistics and calculus

Cross listed with:

Comments:

MFIN 8860 Derivatives and Risk Management Fall/Spring/Summer 3
Course Description

This course is reserved for special topics, offering advanced course work in sub-fields of finance. This year, MFIN8860 is an introduction to derivative assets, financial engineering, and risk management. The course covers the pricing of futures and options contracts as well as securities that contain embedded options, risk management strategies using positions in derivative securities, static hedging, and dynamic hedging. Applications from commodity, equity, bond, and mortgage-backed markets are considered.


Instructor(s): The Department

Prerequisites: MFIN8801

Cross listed with:

Comments:

MFIN 8863 Ph.D. Seminar: Asset Pricing Fall 3
Course Description

The course is intended to generate enthusiastic, high quality intellectual activity around the course material. Focuses on the development of skills that will help students become conversant enough with basic theory and the current literature on asset pricing that would permit them to read critically and analyze papers in this area, develop enough expertise in selected empirical methods in finance that they will be able to use these techniques in their research, and to find potential thesis topics.


Instructor(s): The Department

Prerequisites: introductory doctoral-level course (or have equivalent knowledge)

Cross listed with:

Comments: This course is for second year Ph.D. students of finance.

MFIN 8866 Ph.D. Seminar: Asset Pricing Theory Spring 3
Course Description

This course investigates the theoretical principals of asset valuation in competitive financial markets and especially portfolio theory. Some of the topics include statistical analysis of risk and return, optimal decision under risk, portfolio theory, implementation, forecasting returns, variance, data mining, equilibrium determination of expected returns (CAPM), the efficiency of financial markets, no-arbitrage based pricing, APT and factor models, portfolio performance evaluation, and volatility in financial markets.


Schedule: Biennially

Instructor(s): The Department

Prerequisites: None

Cross listed with:

Comments: MFIN8866 is a quantitative finance elective, designed for finance majors interested in quantitative portfolio management.

MFIN 8867 Adv Top:Professional Seminar/Financial Management Fall 3
Course Description


Instructor(s):

Prerequisites: None

Cross listed with:

Comments:

MFIN 8869 Fundamental Analysis Summer 3
Course Description

This course will focus on cash-flow oriented models of the valuation of the firm. Wall Street-style analytical techniques will be utilized, including the production of quarterly earnings forecasts and the development of buy/sell/hold recommendations. Topics include enterprise value, free cash flow, economic value added, risk/reward analysis, and the art of the management interview.


Instructor(s): The Department

Prerequisites: MFIN8807

Cross listed with:

Comments:

MFIN 8880 Fixed Income Analysis Fall/Spring 3
Course Description

This course presents the fundamental theoretical concepts of financial economics. Topics include measuring and managing interest rate risk, the theory of portfolio choice, and introduction to asset such as capital assets pricing models, arbitrage pricing theory, option pricing models, and state-preference theory.


Instructor(s): The Department

Prerequisites: MFIN8801

Cross listed with:

Comments:

MFIN 8881 Advanced Corporate Finance Fall/Spring 3
Course Description

This course provides an intensive analysis of the effects of various corporate financial policy decisions on the value of the firm and includes a discussion of the effects of taxes, bankruptcy costs, and agency costs on these decisions. It also examines the interrelation of financing policy with executive compensation, mergers and acquisitions, leasing, hedging, and payout policies.


Instructor(s): The Department

Prerequisites: MFIN8807

Cross listed with:

Comments:

MFIN 8887 Phd Sem:Dissertation Res Topic/Corporate Finance Fall 3
Course Description


Instructor(s):

Prerequisites: None

Cross listed with:

Comments:

MFIN 8889 PhD Sem:Dissertation Res Topics/Corporate Finance Fall 3
Course Description

This course focuses on continuous time models in capital market theory. Topics covered include capital market equilibrium, option pricing, and the term structure of interest rates. The mathematics necessary to analyze these problems are also presented, including stochastic (Ito) calculus, stachastic differential equations, and optimal control.


Instructor(s):

Prerequisites: None

Cross listed with:

Comments:

MFIN 8890 Ph.D. Seminar: Advanced Topics in Capital Markets Fall 3
Course Description

This course focuses on continuous time models in capital market theory. Topics covered include capital market equilibrium, option pricing, and the term structure of interest rates. The mathematics necessary to analyze these problems are also presented, including stochastic (Ito) calculus, stachastic differential equations, and optimal control.


Instructor(s): The Department

Prerequisites: None

Cross listed with:

Comments:

MFIN 8891 Ph.D. Seminar: Advanced Topics in Corporate Finance Spring 3
Course Description

The primary purpose of this course is to expose doctoral students to recent developments in the theory of corporate finance. The course will focus on theory and evidence in corporate finance. Possible topics include new theoretical frameworks, signaling theory, the economics of information, agency theory, new issues of securities, recapitalizations, stock repurchases and the market for corporate control.


Instructor(s): The Department

Prerequisites: Doctoral program enrollment required

Cross listed with:

Comments: Course for students enrolled in PhD Program

MFIN 8895 Ph.D. Seminar: Advanced Topics in Corporate Finance Spring 3
Course Description

This course will cover current research issues and tools in corporate finance and intermediation. The course will be based primarily on research papers from three specific areas: theoretical and empirical corporate finance, theoretical and empirical financial intermediation, and advanced game theory.


Instructor(s): Thomas Chemmanur

Prerequisites: MFIN8891 (or have equivalent knowledge), and an introductory doctoral-level course in game theory (or have equivalent knowledge)

Cross listed with:

Comments:

MFIN 8897 Directed Readings Fall/Spring/Summer 3
Course Description

By arrangement.


Instructor(s): The Department

Prerequisites: None

Cross listed with:

Comments:

MFIN 8898 Directed Research Fall/Spring/Summer 3
Course Description

The student will develop a research topic in an area of finance. He or she will prepare a paper on the research findings and will present the paper before the faculty of the Finance Department. Course emphasis is on research methodology.


Instructor(s): The Department

Prerequisites: Upper-level M.S. in Finance status, and consent of the faculty member and the department chairperson. Maximum of one directed study allowed.

Cross listed with:

Comments:

MFIN 8899 Directed Study Fall/Spring/Summer 3
Course Description

The student will develop a research topic in an area of finance. He or she will prepare a paper on the research findings and will present the paper before the faculty of the Finance Department. Course emphasis is on research methodology.


Instructor(s): The Department

Prerequisites: Upper-level M.S. in Finance status, and consent of the faculty member and the department chairperson. Maximum of one directed study allowed.

Cross listed with:

Comments:

MFIN 9911 Doctoral Continuation Fall/Spring 1
Course Description


Instructor(s): The Department

Prerequisites: None

Cross listed with:

Comments: