Academic Catalog 2021–2022

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Finance Courses

FIN301 Managerial Finance

[3–0, 3 cr.]

This course is concerned with the firm’s investment and financing decisions. Students learn how financial managers raise funds for their corporations and how they allocate these funds among the assets of the firm. Topics include: the goal of the financial managers, cash flow estimation, financial statement analysis, time value of money, risk and return, valuation of bonds and stocks, and capital budgeting.

 

Prerequisites: ACC203 Financial Accounting and a completion of 24 credits

FIN301H Managerial Finance

[3–0, 3 cr.]

This course is concerned with the firm’s investment and financing decisions. Students learn how financial managers raise funds for their corporations and how they allocate these funds among the assets of the firm. Topics include: the goal of the financial managers, cash flow estimation, financial statement analysis, time value of money, risk and return, valuation of bonds and stocks, and capital budgeting.

Prerequisites: ACC203 Financial Accounting and a completion of 24 credits

FIN302 Financial Institutions and Markets

[3–0, 3 cr.]

This course focuses on understanding the operations of financial institutions, markets, and instruments. Topics include central banks and other financial institutions, as well as the types of financial markets and instruments, and interest rates

Prerequisites: ACC203 Financial Accounting; ACC204 Managerial Accounting; ECO201 Microeconomics and ECO202 Macroeconomics

FIN311 Banking Operations

[3–0, 3 cr.]

This course is concerned with the management of commercial bank operations. It provides students with a description and analysis of those operations. It also covers the techniques and tools commercial bank managers apply to perform their job. Topics include the structure and internal organization of banks, lending policies, asset and liability management, risk management, and capital adequacy.

 

Prerequisites: FIN301 Managerial Finance and FIN302 Financial Institutions and Markets

FIN321 Introduction to Insurance

[3–0, 3 cr.]

This course covers the theory of risk management and insurance, the institutional aspects of the insurance industry, and the decision-making tools used in the insurance industry.

Prerequisites: FIN301 Managerial Finance and FIN302 Financial Institutions and Markets

FIN322 Global Financial Management

[3–0, 3 cr.]

This course explores the global financial environment in which a multinational firm operates.  The course covers foreign exchange markets, international financial markets, international capital flows, international investing, and international trade and risk management issues.  In addition, the course will discuss financial tools used by managers of firms operating in a global market.

Prerequisites: FIN301 Managerial Finance and FIN302 Financial Institutions and Markets

FIN323 Islamic Banking and Finance

[3–0, 3 cr.]

This course focuses on the principles and implications of Islamic Shariah (religious law) pertaining to economic and financial systems. It covers the operations of Islamic banks by examining various debt-based and profit-sharing financing instruments as well as liquidity and risk management techniques. It reviews different Islamic investment vehicles, including Shariah-compliant equities, Sukuk, and Takaful investments.

Prerequisites: FIN301 Managerial Finance, FIN302 Financial Institutions and Markets, and FIN311 Banking Operations

FIN399 Internship / Practicum

[1–0, 1 cr.]

Students may earn one credit by working for a period of four weeks at an instructor-approved banking or finance position with a business not owned by a relative of the student.

Prerequisites: Senior standing and instructor’s approval.

FIN401 Senior Seminar in Finance

[3–0, 3 cr.]

This course discusses contemporary issues in finance.

 

Prerequisites: FIN301 Managerial Finance, FIN302 Financial Institutions and Markets, and senior standing.

FIN401H Senior Seminar in Finance

[3–0, 3 cr.]

This course discusses contemporary issues in finance.

Prerequisites: FIN301 Managerial Finance, FIN302 Financial Institutions and Markets, and senior standing.

FIN405 Investment Analysis

[3–0, 3 cr.]

This course is an introduction to the field of investments. It focuses on the examination and valuation of the various investment vehicles and strategies. Investment Analysis helps understand the investment process, analyze investments, construct efficient portfolios, evaluate financial securities, and assess investment performance. Topics covered will include stock and bond market indices, buying on margin, short selling, risk and return, efficient diversification, CAPM and other asset pricing models, efficient market hypothesis, macroeconomic and industry analysis, and derivatives.

Prerequisites: FIN301/FIN301H Managerial Finance and FIN302 Financial Institutions and Markets

FIN406 Portfolio Management

[3–0, 3 cr.]

This course will focus on the application of financial theory in portfolio management. The course objective is to acquaint students with the major groups of investors and their investment objectives and constraints, and to master practical skills in investment management to justify major investment portfolio management strategies for equity and fixed-income instruments. Topics covered will include investment policy statement, behavioral finance, managing bond portfolios, portfolio performance evaluation, globalization and international investing, mutual funds and hedge funds. The course will build upon the analytical skills developed in the Investment Analysis course.

Prerequisite: FIN405 Investment Analysis

FIN411 Security Analysis & Portfolio Management

[3–0, 3 cr.]

This course is concerned with the analysis, evaluation, and trading of financial securities. It also covers bond and stock portfolio management, which includes the topics of: risk and return, diversification, efficient portfolios, market efficiency, and the Capital Asset Pricing Model. Students will gain hands-on experience by managing a portfolio of securities during the term.

Prerequisites: FIN301 Managerial Finance and FIN302 Financial Institutions and Markets

FIN413 Corporate Finance

[3–0, 3 cr.]

This course is concerned with the following topics: short- and long-term financial management, including capital budgeting with uncertainty, capital structure, dividend policy, corporate governance, and mergers and acquisitions. It emphasizes the case study approach to learning.

Prerequisites: FIN301 Managerial Finance and FIN302 Financial Institutions and Markets

FIN421 Financial Derivatives

[3–0, 3 cr.]

This course is concerned with derivative securities and markets. Topics include options, option markets, option strategies, option pricing models, futures, futures markets, futures’ strategies, futures’ pricing models, and swaps and financial risk management using derivatives.

Prerequisite: FIN411 Security Analysis and Portfolio Management

FIN712 Executive Business Finance

[1.5–0, 1.5 cr.]

This course covers in-depth the main tools an executive use to make financial decisions. Topics include time value of money, capital budgeting, the valuation of stocks and bonds, risk and expected return.

FIN721 Corporate Financial Strategy

[1.5–0, 1.5 cr.]

This course deals with corporate financial decisions. Topics include capital structure, cost of capital, dividend and stock repurchase policy.

Prerequisite: ACC711  / Accounting for Executives  [1.5 credits]

FIN723 Bank Capital Management

[1.5–0, 1.5 cr.]

This course deals with the management of bank capital. Topics include bank capital requirements, Basle Accords, and interest rate risk management.

Prerequisite: ACC711  / Accounting for Executives  [1.5 credits]

FIN740 Investment Analysis

[1.5–0, 1.5 cr.]

This course deals with various investment instruments existing in the financial markets, security selection and wealth allocation. It discusses the concepts of risk, return, diversification, and optimal portfolio selection.  The course also discusses different investment strategies and performance evaluation models.

Prerequisite: FIN712 Executive Business Finance [1.5 credits]

FIN747 Financial Risk Management

[1.5–0, 1.5 cr.]

This course deals with options, futures, and forward contracts and markets. It also covers the mechanics of using options, futures and forward contracts in hedging investment portfolios.

Prerequisite: FIN712 Executive Business Finance [1.5 credits]

FIN781 Selected Topics in Finance

[1.5–0, 1.5 cr.]

This course discusses contemporary issues in Finance.

Prerequisite: FIN712 Executive Business Finance [1.5 credits]

FIN835 Commercial Bank Management

[3–0, 3 cr.]

This course covers commercial bank management policies and decisions. Analysis includes advanced treatment of asset–liability management, emphasizing risk management issues such as interest rates, liquidity, credit, capital, and off-balance sheet risk and activities. The analysis presents financial engineering techniques in risk management and evaluates bank performance.

FIN836 Modern Portfolio Management

[3–0, 3 cr.]

This course applies concepts of efficient capital markets, modern portfolio theory, and asset pricing models to practical problems of security analysis, portfolio construction, optimization, and performance measurement. The analysis considers return and risk characteristics of various financial investment instruments and derivatives, including common stocks, bonds, futures, options, and forward contracts.

FIN837 International Business

[3–0, 3 cr.]

This course is a field survey covering the cultural, economic, political and social environments of international business. The course emphasizes global finance and exchange rate determination, exports, imports, and country risk analysis.

FIN861 Financial Management

[3–0, 3 cr.]

 

This course is a review of the concepts underlying the financing of a business, emphasizing the uses of capitalization and leverage for current operations and for future expansion. Topics include valuation theory, investment theory, financial planning and control, dividend policy and growth, alternative capitalization structures, appraisal of capital projects, and mergers and acquisitions.

FIN863 Financial Derivatives

[3–0, 3 cr.]

This course deals with derivative securities. It focuses on the analysis of options, futures, option and futures’ markets, and option and futures’ strategies. In addition, it discusses option and futures’ pricing models, and how derivatives are used in financial risk management.

FIN880 Special Topics in Finance

[3–0, 3 cr.]