Peyser, Barnhill

Theory and practice of business finance, emphasizing the impacts of long- and short-term uses and sources of funds on the firm's market value. (Fall and spring)

Handorf and Staff

Determinants of saving and investment and resultant funds flow are evaluated. Special emphasis on the level and risk structure and term structure of interest rates. The role and management of financial institutions is stressed. (Fall and spring)

Investment Analysis and Portfolio Management (3)

Baptista, Henderson

Risk-reward analysis of security investments, including analysis of national economy, industry, company, and market; introduction to portfolio management; emphasis on theory and computer methods. (Fall and spring)

Barnhill, Cohen, Altinkilic

Advanced case studies in domestic and international financial management; working capital policy, capital budgeting, financing with debt and equity, dividend policy, valuation, project finance, venture capital, and mergers and acquisitions. (Fall and spring)

Carayannis, Barnhill

Fundamentals and practice of due diligence and screening of early-stage investment opportunities. Same as Mgt 6293.

Staff

Organization and regulation of futures markets. Alternative strategies for trading of futures contracts for possible hedging uses. High risk-high return investment alternatives. The use of futures markets to manage risks. Recommended: Fina 6221. (Fall and spring)

Jabbour and Staff

Pricing of options on financial instruments. Role of options in risk management, trading strategies, hedging implications for national and international investors, financial engineering, and structure and regulation of option markets. Recommended: Fina 6221. (Fall and spring)

Cohen

For students preparing to be personal financial advisors; the combination of taxes, pensions, investing, budgets, estates and trusts, and insurance into comprehensive personal financial plans. Regulation, professional ethics, and the economics of advisory firms. Extensive use of computer spreadsheets and case studies. Recommended: Accy 6401. (Spring)

Barnhill

Valuation and risk management theory for bonds, forward contracts, swaps, options, exotic options, and interest rate options. Development of financial software, including Monte Carlo simulation modeling. Case studies of innovative solutions to investment, corporate finance, and financial institution management problems. (Spring)

Staff

Synthesis of the theoretical concepts of securities analysis and portfolio management with the application of analyzing securities and building an actual portfolio. Prerequisite: permission of instructor.

Staff

Examination of the forces that shape real estate development; market analysis methods and techniques to evaluate project feasibility; the institutional and legal framework within which real estate development occurs and that influences controls, land value, and development potential. (Fall)

Hwang, Van Order

Principles of real estate development finance; evaluating and measuring the investment attractiveness of real estate projects; obtaining, differentiating, and hedging sources of real estate funding; and appraising property. Incentives provided by local, state, and federal governments. (Fall and spring)

Staff

Applications of market analysis, valuation, and financial techniques to the real estate development process.

Staff

Case study analysis of large-scale commercial real estate developments to gain comprehension of financial, political, legal, and technical complexities and constraints inherent in the real estate development process. Prerequisite: Fina 6221 or permission of instructor.

Soyer, Wirtz

Applied statistical and econometric analysis and modeling in finance. Methodologies include descriptive and inferential statistics, multivariate regression, time series analysis, and simulation modeling. Empirical studies are reviewed, and a series of research projects are undertaken. (Fall)

Yang, Rehman

Theories explaining domestic and international interest rate and exchange rate structures. Roles of financial institutions and markets are investigated and forecasting methodologies are applied. (Spring)

Advanced Accounting Applications for Finance (4)

Cohen and Staff

Intermediate financial accounting; international and tax accounting. Emphasis on computer modeling to analyze and forecast a firm's financial statements to reflect possible future performance. (Fall)

Corporate Financial Management and Modeling (4)

Handorf and Staff

The foundation theories of business real investment and financing are summarized and applied in a simulation environment. Emphasis on understanding the causal connections between business decision making in a global economy and the resulting valuation of the firm's financial assets. Financial modeling and forecasting applications. (Fall)

Jostova, Savickas

Financial markets and instruments viewed from the investor's perspective. Analysis of the value of equity and fixed-income securities and the construction of efficient portfolios in a global financial market. Issues of market efficiency, tax structures, and investment funds; computer-based models. (Spring)

Financial Engineering and Derivative Securities (4)

Jabbour, Baptista

Mathematical and theoretical foundations to value-derivative securities, including options, futures, and swaps; hedging and trading applications of these contracts. Arbitrage trading across cash and derivative markets and its role in maintaining equilibrium prices. (Summer)

Staff

Theory and current status of comparative regulation of domestic and international financial institutions and markets. Effects on country economic development and international trade. (Fall)

Peyser, Bajeux-Besnainou

Theoretical constructs of business investment and financing decisions and of financial asset pricing structures in domestic and international environments. Analytical and numerical models are developed, and empirical studies are evaluated. (Spring)

Agca, Hwang

A primary focus is the application of financial theory to real estate investment and financing. Another is fixed-income security valuation and design and portfolio management. Application of decision support and artificial intelligence systems in making financial decisions. (Spring)

Financial Institution Management and Modeling (4)

Handorf

Financial institution asset and liability management. A dynamic simulation model is developed and run under varying macroeconomic conditions, as additional layers of complexity, involving multinational investment, borrowing, and hedging, are added. (Summer)

Cohen, Jabbour

Through a series of cases and simulations, students address real financial problems faced by domestic and international companies, including capital budgeting, capital structure, mergers and acquisitions, and project financing. The negotiating process by which many financial situations are resolved is emphasized. (Summer)

Jabbour, Joutz, Click

Students design and execute a financial research study, applying knowledge developed throughout the M.S.F. program. Class sessions vary from lectures on research methods to colloquia by outside professionals to critique studies. (Summer)

Staff

Experimental offering; new course topics and teaching methods. May be repeated once for credit.

Staff

Same as IBus/Mgt/Mktg/SMPP 6297. May be repeated for credit.

Staff

Staff

Staff

Staff

Same as SMPP 8311.

Klock

Market efficiency, utility testing, the capital asset pricing model, the arbitrage pricing theory, the option pricing model, and aggregate market volatility.

Pirinsky

Capital budgeting, capital structure issues, dividend policy, microeconomic foundations, mergers, and agency theory.

Bajeux-Besnainou, Savickas

Review of the stochastic calculus methods needed for continuous-time pricing models. The most important continuous-time models, including pricing of derivative securities, consumption-portfolio selection models, continuous-time capital asset pricing models, consumption-based capital asset pricing models, continuous-time arbitrage pricing theory, and different yield curve models.

Peyser

Multi-period asset pricing, term structure of interest rates, market imperfections and institutional factors, auctions, manipulation, derivative markets, market microstructure, and financial institutions.

Staff

Staff

Limited to doctoral candidates preparing for the general examination. May be repeated for credit.

Staff

Limited to doctoral candidates. May be repeated for credit.