Finance (FNAN)
School of Management
If a student takes noncore, upper-level business courses before acceptance to the School of Management (SOM), those courses will not count on an undergraduate degree application for any major in SOM except as general elective credit. A grade of C or higher must be presented on the graduation application for each upper-level course in the major. Prerequisites are strictly enforced. Degree status is defined as formal admission to SOM.
301 Financial Management (3:3:0) Prerequisites: C or better in ECON 103, ACCT 203 and OM 210; and sophomore standing. Introduction to managing firm's financial resources given wealth maximization decision criterion. Includes working capital management, fixed-asset investment, cost of capital, capital structure, and dividend decision analysis. Lecture, problems, and discussion. Lecture, recitation format; requires attendance in weekly lecture and weekly recitation.
302 Financial Analysis and Forecasting (3:3:0) Prerequisites: C or higher in FNAN 301, degree status. Examines techniques for analyzing, understanding, and applying financial information in decision situations. Topics include financial statement analysis, development of financial models, and financial planning and forecasting. Lecture, discussion, computer-assisted research.
311 Principles of Investment (3:3:0) Prerequisites: C or higher in FNAN 301, degree status. Introduces analysis of the valuation of equity and debt securities given modern capital market theory. Includes discussion of portfolio analysis as related to valuation of securities. Lecture, discussion, and computer-assisted research.
321 Financial Institutions (3:3:0) Prerequisites: C or higher in FNAN 301, degree status. Discusses basic objectives of financial institutions in light of industry structure and regulatory environment, and decision variables that management should concentrate on to achieve objectives. Includes role of financial institutions in allocation of funds in financial markets. Lecture, discussion, and computer-assisted research.
351 Principles of Real Estate (3:3:0) Prerequisites: C or higher in FNAN 301, degree status. Studies dimensions and specialties involved in public control and private development, sale, finance, and management of real estate. Includes land planning, land-use control, appraisal, finance, brokerage, property management, and investment. Lecture, discussion, and computer-assisted research.
401 Advanced Financial Management (3:3:0) Prerequisites: C or higher in FNAN 301, degree status. Analyzes decision-making in firm, emphasizing conceptual structure of problems and using advanced analytic techniques. Topics include current asset management, capital budgeting and structure, dividend policy, long-term financing, mergers, and corporate planning models. Lecture, discussion, and case analysis.
411 Investment Analysis and Portfolio Management (3:3:0) Prerequisites: C or higher in FNAN 301 and FNAN 311, degree status. Analyzes modern techniques of portfolio management including evaluating standards for selecting individual securities to include or delete from portfolios. Presents risk-return analysis for portfolios and portfolio performance measures. Lecture, discussion, computer-assisted research.
412 Futures and Options Markets (3:3:0) Prerequisites: C or higher in FNAN 301 and FNAN 311, degree status. Introduces options, commodity, and financial futures markets as they function to provide pricing mechanisms and alternative investment vehicles. Lecture, discussion, and computer-assisted research.
421 Money and Capital Markets (3:3:0) Prerequisites: C or higher in FNAN 301 and FNAN 321, degree status. Discussion of how financial markets are organized, their role in the allocation of funds to various market segments, and interaction between markets. Topics include aggregate flow of funds analysis; and money, government, corporate, and mortgage markets. Lecture, discussion, and computer-assisted research.
440 International Financial Management (3:3:0) Prerequisites: C or higher in FNAN 301, degree status. Introduces management of contemporary firm's international financial operations. Topics include foreign exchange risk, political risk, returns and risks of international projects, international money and capital markets, financial accounting, capital structure, and cost of capital. Lecture, discussion, readings, and problems.
451 Real Estate Finance (3:3:0) Prerequisites: C or higher in FNAN 301 and FNAN 351, and degree status. Studies mechanisms of real estate finance, sources of funds, loan contracts, principles of mortgage risk analysis, and secondary mortgage markets. Develops analytical skills including using microcomputer and appropriate software.
491 Special Topics in Finance (3:3:0) Prerequisites: finance majors with at least 9 upper-level finance credits, and degree status. Advanced study of special topics in finance.
499 Independent Study (1-3:0:0) Prerequisites: Finance majors with at least 9 upper-level credits. May be repeated to a maximum of 6 credits if topics vary. Degree status. Research and analysis of selected problems or topics in finance. Must be arranged with instructor and approved in writing by associate dean for undergraduate programs before registration. Written report required. May be repeated for maximum 6 credits if topics vary.