Graduate Courses in Finance

• FIN 5310 Public Finance II
• FIN 5360 Management of Financial Institutions
• FIN 5390 Employee Benefits
• FIN 5430 Real Property Valuation
• FIN 5590 Problems in Real Estate
• FIN 5710 Insurance in Estate Planning
• FIN 5730 Insurance Company Operations
• FIN 5750 Risk Management
• FIN 5790 Problems in Insurance
• FIN 5840 Study Abroad
• FIN 5890 Internship in Finance
• FIN 5990 Independent Study in Finance
• FIN 6000 Survey of Financial Management
• FIN 6430 Seminar on Public Finance
• FIN 6450 Seminar on Monetary Policy
• FIN 6460/7460 Seminar on Financial Markets
• FIN 6550 Real Estate Investment
• FIN 6560 Mergers, Acquisitions, and Corporate Restructuring
• FIN 6620 Econometrics I
• FIN 6710 Financial Analysis
• FIN 6720 Cases in Financial Management
• FIN 6730 Seminar on Financial Institutions
• FIN 6740 Security Analysis
• FIN 6860 International Financial Management
• FIN 6990 Independent Study in Finance
• FIN 6999 Comprehensive Examination and Preparation
• FIN 7710 Advanced Financial Economics I
• FIN 7720 Advanced Financial Economics II

FIN 5310 Public Finance II. Three credits. (Same as ECON 5310.) Prerequisites: ECON 2410 and 2420. Current issues in taxation, theory of income taxation, consumption taxes, property and wealth taxes. Advanced treatment of tax incidence, tax efficiency, income distribution, fiscal federalism, and state and local budget issues. Students are required to complete a term project resulting in a paper available for peer review and a class presentation. [ top]

FIN 5360 Management of Financial Institutions. Three credits. Prerequisite: FIN 3210 or equivalent or consent of instructor. Application of principles of institution management with a focus on operations, policy making, asset, liability, and capital management of commercial banks and nonbank financial institutions. [ top]

FIN 5390 Employee Benefits. Three credits. (Same as ECON 5390.) Includes descriptive review and taxation, legislative, and administrative dimensions of the major components of employee benefit plans such as retirement systems, deferred compensation plans, health insurance, death benefits, disability benefits, paid and unpaid time off. Technical analysis and problem solving emphasized to develop applied skills. Social insurance and international benefits integrated. [ top]

FIN 5430 Real Property Valuation. Three credits. Prerequisite: FIN 2450 or consent of instructor; FIN 3010 strongly recommended. Theory and methods of real property valuation. Qualitative and quantitative analysis incorporated to appraise residential and income-producing properties. Comparable sales, cost-depreciation, and income capitalization analysis emphasized. [ top]

FIN 5590 Problems in Real Estate. Three credits. Current controversial conditions in the field of real estate with concentration on major problems and policies in managing real estate and other related resources. [ top]

FIN 5710 Insurance in Estate Planning. Three credits. Prerequisite: FIN 3610 or permission of instructor. Insurance as it may relate to estate planning examined in detail. Focus on estate planning principles including the problems of estate liquidity, taxation, governmental regulation, and costs involved in handling estates. Also included are ownership provisions and beneficiary designations, settlement options, and trusts. [ top]

FIN 5730 Insurance Company Operations. Three credits. Prerequisite: FIN 3610 or permission of instructor. Insurance marketing, underwriting, reinsurance, rate making, claims adjusting, loss control activities, and other functions and activities. [ top]

FIN 5750 Risk Management. Three credits. Prerequisite: FIN 3610 or permission of instructor. Analysis of major sources of liability loss exposures and the insurance coverages designed to meet those exposures. Noninsurance techniques such as loss control and risk transfer are also discussed. [ top]

FIN 5790 Problems in Insurance. Three credits. Prerequisite: FIN 3610 or permission of instructor. Application of various insurance coverages to fulfillment of personal, business, and social needs. Special problems are chosen or assigned in areas of the student?��s interest in joint consultation between student and instructor. [ top]

FIN 5840 Study Abroad. Three credits. Prerequisites: Graduate standing and completion of core courses in respective field as determined by graduate business studies. A short-term international business education experience designed to expose the student to the economic, political, cultural, and social environments of a foreign country(ies), with specific emphasis directed toward the international state/status of the subject matter pertinent to the discipline. [ top]

FIN 5890 Internship in Finance. Three credits. Prerequisite: Graduate status and recommendation of advisor. Supervised work experience in cooperating business firms or government agencies together with specialized academic study relating to the work experience. [ top]

FIN 5990 Independent Study in Finance. One to three credits. Problems for intensive study are chosen in joint consultation between student and instructor. [ top]

FIN 6000 Survey of Financial Management. Three credits. Principles and tools of financial management including time value of money, security valuation, funds acquisition and capital budgeting, and cost of capital. May not be used for elective credit in graduate business degree programs [ top].

FIN 6430 Seminar on Public Finance. Three credits. (Same as ECON 6430.) Examines the role of government in the allocation and distribution of society?��s resources. Topics include theories of government sector growth, public and quasi-public goods, externalities and agency theory, transitivity and completeness of voting preferences, income redistribution and economic justice, social insurance, health care programs, tax shifting and incidence analysis, efficiency and equity in taxation, and efficiency and redistributive aspects of deficit financing. Topics may involve case studies such as budget formulation, environmental policies, payroll taxes, and alternative tax structures. [ top]

FIN 6450 Seminar on Monetary Policy. Three credits. (Same as ECON 6450.) Prerequisite: ECON 3210 or equivalent recommended. Objectives and limitations of monetary policy, alternative monetary theories underlying policy decisions and the controversy among theories, transmission channels of monetary policy, alternative strategies used to achieve the objectives of monetary policy, practical considerations in the execution of monetary policy, global linkages and monetary policy, and the effects and consequences of policy decision on economic activity and business decisions. [ top]

FIN 6460/7460 Seminar on Financial Markets. Three credits. (Same as ECON 6460/7460.) Prerequisite: ECON 3210 or equivalent. Credit flows within the U.S. and the global economies, the economic and financial forces influencing the general level of interest rates and the relationship among interest rates, the characteristics of key short- and long-term financial assets, new financial instruments, derivative instruments, global financing linkages, global linkages among financial instruments and among national economies, and interest rate risk, including the measurement and means of protection. [ top]

FIN 6550 Real Estate Investment. Three credits. Prerequisites: FIN 2450 and 3010. Development of a framework for making real estate investment decisions and for analyzing real estate investment alternatives. [ top]

FIN 6560 Mergers, Acquisitions, and Corporate Restructuring. Three credits. (Same as FIN 6560.) Issues covered include the reasons firms merge, buyer and seller motivations, the assessment of merger prospect value, merger waves and their consequences, the concentration of economic power resulting from mergers, policies toward mergers, the effects of takeover defenses, and the effects of mergers on the economy. [ top]

FIN 6620 Econometrics I. Three credits. (Same as ECON 6620.) Prerequisite: ECON 4620 or equivalent. Focuses on ordinary least squares regression analysis, covering the problems of specification, multicollinearity, heteroskedasticity, autocorrelation, and endogeneity. SAS statistical software used as a tool for manipulating data, for conducting forecasts, for carrying out Monte-Carlo simulations, and for performing statistical inference. [ top]

FIN 6710 Financial Analysis. Three credits. Prerequisite: FIN 3010 or 6000. Theory of corporate finance with applications. Techniques and problems for maximizing wealth through the application of discounted cash flow analysis. Emphasis on risk, capital budgeting, and capital structure. [ top]

FIN 6720 Cases in Financial Management. Three credits. Prerequisite: FIN 6710. Applications-oriented approach to managerial problem-solving. Topics may include working capital management, capital budgeting, cost of capital estimation, lease/purchase decisions, bond refunding, and international issues. [ top]

FIN 6730 Seminar on Financial Institutions. Three credits. (Same as ECON 6730.) Focus on the common and the distinctive aspects of the provision of financial services and the management of risk associated with those services. Roles, characteristics, and operation of financial institutions, constraints that these institutions face in meeting that objective, regulatory environment within which they operate, risks they face and the management of those risks, evolution experienced during the 1980s and 1990s, and the probable course of change in the years ahead. [ top]

FIN 6740 Security Analysis. Three credits. Prerequisite: FIN 3810 or consent of instructor. Interpretation of financial statements, valuation and selection of securities, security risk, legal and regulatory issues, and agency problems. [ top]

FIN 6860 International Financial Management. Three credits. Prerequisite: FIN 3010 or 6000. International capital markets, exchange rate exposure, risk management, and other multinational finance issues. Essential not only for United States exporters, but also for those facing competition from abroad. [ top]

FIN 6990 Independent Study in Finance. One to three credits. Problems for intensive study are chosen in joint consultation between student and instructor. [ top]

FIN 6999 Comprehensive Examination and Preparation. One credit. Open only to students who are not enrolled in any other graduate course and who will take the master's comprehensive examination during the term. The student must contact the graduate advisor during the first two weeks of the term for specifics regarding the details of this comprehensive examination preparatory course. Credit may not be applied to degree requirements. [ top]

FIN 7710 Advanced Financial Economics I. Three credits. (Same as ECON 7710.) Prerequisite: Student must have passed Ph.D. qualifying exams in microeconomics and macroeconomics. Provides an integrated treatment of a variety of dynamic optimization and dynamic equilibrium models and examines their empirical implications for individual choices and, in particular, savings and asset prices. Three frameworks studied: infinitely lived representative agent models, heterogenous agent models, and representative and heterogenous agent models with financial frictions. Advanced numerical solution methods and panel data estimation techniques also incorporated. [ top]

FIN 7720 Advanced Financial Economics II. Three credits. (Same as ECON 7720.) Prerequisite: Student must have passed Ph.D. qualifying exams in microeconomics and macroeconomics. Introduction to the leading theories in monetary economics including measurement of the empirical impact of monetary shocks on real activity, money in the utility function and cash-in-advance models, and New Keynesian models featuring sluggish price and wage adjustment. Emphasis on the analysis of interest rate rules and the conduct of optimal monetary policy under commitment and discretion. Frequent use of numerical dynamic programming and empirical estimation of monetary models allows students to enhance skills necessary to conduct independent research in the field. [ top]