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Finance CoursesPrimarily for Upper-Division Undergraduates
| 06F:100 Introductory Financial Management |
3 s.h. |
| Financial management goals and decision making; valuation of bonds and stocks, risk and return analysis, portfolio diversification, market efficiency, asset pricing, cost of capital, agency theory, capital budgeting, financial planning. Prerequisites: 06A:002, 06E:001, 06E:002, and junior standing. |
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| 06F:101 Directed Readings in Finance |
arr. |
| Individually guided readings in selected topics. Prerequisite: consent of instructor. |
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| 06F:102 Principles of Risk Management and Insurance |
3 s.h. |
| Introduction to risk and insurance; risk identification and evaluation, demand for insurance, effects of limited liability, theory of moral hazard and adverse selection; business and personal risk; insurance as a risk management tool. Corequisite: 06F:100 or consent of instructor. |
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| 06F:103 Property and Liability Insurance |
3 s.h. |
| Fundamentals of commercial property and liability insurance; commercial property and liability contracts, functions of property and liability insurers; regulation and financial analysis of property and liability insurers; marketing, underwriting, rate making, claim settlements. Prerequisite: 06F:102. |
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| 06F:104 Corporate and Financial Risk Management |
3 s.h. |
| Analysis and treatment of pure and financial risks faced by business organizations; development and implementation of the risk management process, application of varied risk management techniques to identified exposures; how businesses manage risk and how insurance is used to manage the cost of risk; case studies. Prerequisite: 06F:102. Corequisite: 06F:110. |
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| 06F:105 Life and Health Insurance |
3 s.h. |
| Types of life insurance and annuity contracts and their uses; regulation of life and health insurers; development of financial plans using life insurance products; Social Security, group, and individual health insurance products, including major medical, disability income, long-term care policies; marketplace analysis; contractual provisions, determination of human life values, mathematics of life contingencies and pricing. Prerequisite: 06F:102. |
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| 06F:106 Employee Benefit Plans |
3 s.h. |
| Management of employee benefit plans (e.g., group life and health insurance, retirement programs); design, administration, and financing of employee benefits; federal administration of employee benefit plans; funding requirements, financial alternatives; funding and vesting of retirement annuities; design and management of health care plans, including "cafeteria" approach and nonqualified deferred compensation arrangements; economic effects and financing employee benefits and retirement plans in private and public sectors. Prerequisite: 06F:102. |
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| 06F:108 Topics in Finance I |
1-3 s.h. |
| Contemporary issues in finance. Prerequisite: 06F:100. |
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| 06F:109 Topics in Finance II |
1-3 s.h. |
| Contemporary issues in finance. Prerequisite: 06F:100. |
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| 06F:110 Financial Information Technology |
2 s.h. |
| Applications of commonly used financial software and data systems reviewed by student teams. Corequisite: 06F:100. |
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| 06F:111 Investment Management |
3 s.h. |
| Investment in marketable securities in domestic and international markets; financial markets, securities trading, evaluation of risk/return trade-off, formulation and implementation of investment strategies, efficient portfolio formation. Prerequisite: 06F:100. Corequisite: 06F:110. |
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| 06F:112 Applied Equity Valuation |
3 s.h. |
| Valuation of financial securities using cases and financial information technology; macroeconomic and industry analysis, regulatory analysis, financial statement analysis, technical analysis, trading securities, active portfolio management, performance evaluation. Prerequisites: 06F:111 and UI cumulative g.p.a. of at least 2.80. |
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| 06F:113 Fixed Income Securities |
3 s.h. |
| Theories of fixed income securities, term structure of interest rates; asset pricing models, valuation of fixed income securities and contingent claims, fixed income portfolio management, immunization strategies, yield curve analysis. Prerequisite: 06F:100 or consent of instructor. Corequisite: 06F:110. |
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| 06F:114 Commercial Banking |
3 s.h. |
| Management of commercial banks and financial service firms; asset and liability management, credit policy, capital risk, liquidity planning, use of swaps and derivatives to hedge interest rate risk, global banking, investment strategies. Prerequisite: 06F:100. Corequisite: 06F:110. |
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| 06F:115 Investment Banking |
3 s.h. |
| How investment bankers interact with clients in access to growth capital, sales, trading, and investment banking; role of investment bankers through varied perspectives, including those of the client (e.g., corporate CFO, treasurer, corporate development officer) and service provider (e.g., investment banking professional). Prerequisites: 06F:100, and 06F:117 or consent of instructor. |
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| 06F:116 Futures and Options |
3 s.h. |
| Use of options, futures, and other derivative securities in financial management; understanding types of derivative securities, markets, trading technology; applications of risk management and speculation; pricing relations with underlying securities. Prerequisite: 06F:111. |
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| 06F:117 Corporate Finance |
3 s.h. |
| Advanced managerial decision making; corporate financial policy, dividend policy, agency theory, corporate restructuring, capital structure strategies, mergers and acquisitions, option pricing fundamentals, convertible debt, callable debt, warrants. Prerequisite: 06F:100. Corequisite: 06F:110. |
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| 06F:118 Advanced Corporate Finance |
3 s.h. |
| Issues relevant to financial management, payout policy, financial distress and bankruptcy, restructuring, market for corporate control; recent research and cases from the corporate arena; other topics (e.g., bankruptcy) to broaden application and understanding of finance theory. Prerequisite: 06F:117. |
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| 06F:126 Real Estate Process |
3 s.h. |
| Fundamentals of real estate finance and investments; economic base analysis, asset analysis, market analysis, mortgage markets, underwriting, alternative mortgages, mortgage-backed securities, real estate securitization, land development, valuation principles, investment analysis, tax consideration, portfolio management. Prerequisite: 06F:100. Corequisite: 06F:110. |
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| 06F:130 International Finance |
3 s.h. |
| International monetary systems, exchange rate determination, use of currency derivative in hedging and risk management, currency swaps, foreign direct investment, international corporate finance, international capital budgeting, international portfolio investment, Third World debt, privatization, joint ventures. Prerequisite: 06F:100. Corequisite: 06F:110. |
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| 06F:190 Hawkinson Scholar Seminar |
1 s.h. |
| Advanced skill and understanding required for pursuit of investment banking, management consulting careers; specialized résumé and interview training, industry presentations, relevant case assignments. Repeatable. Prerequisite: consent of Hawkinson Institute of Business Finance director. |
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| 06F:191 Hawkinson Scholar Seminar: Topics in Finance |
0 s.h. |
| Subsectors in the financial services industry, including hedge funds, investment banking, commercial banking; valuation techniques used in real-world mergers, acquisitions, equity offerings, debt financing, and so forth. |
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| 06F:199 Academic Internship |
1-3 s.h. |
| Professional internship experience with associated academic content. Repeatable. Prerequisite: consent of department chair. |
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Primarily for Graduate Students
| 06F:201 Directed Readings in Finance--M.B.A. |
arr. |
| Prerequisite: consent of instructor. |
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| 06F:202 M.A. Research Report |
1 s.h. |
| Prerequisites: nonthesis M.A. enrollment and consent of instructor. |
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| 06F:205 Contemporary Topics in Finance |
arr. |
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| 06F:208 Structured Finance--Securitization |
3 s.h. |
| Securitized assets such as mortgages, asset-backed securities (e.g., credit cards, auto loans, trade receivables), collateralized debt obligations, institutional structures, credit risk, valuation, cost of capital, corporate finance, accounting; legal, tax, and regulatory issues associated with securitization; how to design, value, and implement structured-financed products that create value from stakeholders' perspectives. Prerequisite: 06N:225. |
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| 06F:209 Investment Banking |
3 s.h. |
| Overview of industry consolidation, underwriting of securities, merger valuation options, legal and regulatory considerations, IPOs, private equity; industry-specific case studies, student/practitioner discussion of issues facing industry. Prerequisite: 06N:225 for graduate students; consent of instructor for undergraduates. |
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| 06F:210 Financial Information Technology |
1 s.h. |
| Applications of commonly used financial software and data systems reviewed by student teams. |
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| 06F:212 Investment Management |
3 s.h. |
| Hands-on approach to investing in marketable securities in domestic and global markets; market efficiency, risk-return relationships, asset pricing models, security valuation, options and futures valuation, portfolio strategies and management. Prerequisite: 06N:225. Corequisite: 06F:210. |
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| 06F:213 Futures and Options |
3 s.h. |
| Use of options, futures, and other derivative securities in financial management; types of derivative securities, markets, trading technology; applications of risk management and speculation; pricing relations with underlying securities. Prerequisite: 06N:225. Corequisite: 06F:210. |
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| 06F:214 Real Estate Finance and Investments |
3 s.h. |
| Structuring real estate finance and investment; mortgage markets and pricing, mortgage-backed securities, development process, real estate valuation, tax effects, securitized real estate, real estate cycles, application of derivative instruments, strategic asset allocation. Prerequisite: 06F:126 or 06N:225. Corequisite: 06F:210. |
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| 06F:215 Corporate Finance |
3 s.h. |
| Structured problems and cases in corporate financial policy decisions; financial decision models, current and fixed asset administration, cost of capital, capital budgeting, dividends, cash flow projections, cash management, mergers and acquisitions. Prerequisite: 06N:225. Corequisite: 06F:210. |
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| 06F:216 Fixed Income Securities |
3 s.h. |
| Theories of fixed income securities, term structure of interest rates; asset pricing models, valuation of fixed income securities, valuation of contingent claims, fixed income portfolio management. Prerequisite: 06N:225. Corequisite: 06F:210. |
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| 06F:218 Advanced Corporate Finance |
3 s.h. |
| Applied management; financial instruments and innovations, IPOs, SEOs, mergers and acquisitions, leveraged buyouts, capital structure, dividend policy, corporate restructuring, treasury operations, risk, real options, corporate control, executive compensation. Prerequisite: 06N:225. Corequisite: 06F:210. |
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| 06F:220 Commercial and Investment Banking |
3 s.h. |
| Overview of commercial and investment banks; principles of underwriting securities, IPOs, mergers and acquisitions, commercial lending, funding sources, asset liability management, capital management. Prerequisite: 06N:225. Corequisite: 06F:210. |
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| 06F:221 Applied Securities Management I |
3 s.h. |
| Hands-on approach to portfolio management; setting goals, trading securities, developing programs to evaluate fund performance. First of a two-semester sequence; must be followed by 06F:222. Prerequisites: 06N:225 and consent of instructor. |
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| 06F:222 Applied Securities Management II |
3 s.h. |
| Continuation of 06F:221. Prerequisites: 06F:221 and consent of instructor. |
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| 06F:223 International Finance |
3 s.h. |
| Impact of international financial markets on business and financial decisions in foreign environments; global finance, foreign exchange, Eurocurrency markets, currency derivatives, risk hedging, international bond and equity markets, privatization, joint ventures. Prerequisites: 06N:225 and two years experience, or consent of instructor. Corequisite: 06F:210. |
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| 06F:224 Security Analysis |
3 s.h. |
| Valuation of financial securities (primarily equities) using discounted cash flow model; industry, regulatory analysis; financial statement analysis; active portfolio management; value-based management techniques; valuation of firms outside the United States. Prerequisite: 06N:225. |
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| 06F:225 Finance Theory I |
3 s.h. |
| Consumption-based models of asset pricing; arbitrage, contingent claims; market efficiency and information economics, behavioral models; emphasis on theory. Prerequisite: Ph.D. enrollment. |
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| 06F:226 Seminar in Corporate Finance |
3 s.h. |
| Valuation (DCF and CAPM); valuation under certainty, uncertainty; financial structure, cost of capital; dividend policy; firm investment in perfect, imperfect capital markets; options pricing theory; state preference model. Prerequisite: Ph.D. enrollment. |
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| 06F:227 Finance Theory II |
3 s.h. |
| Continuous time theories of financial markets, including connection between an arbitrage-free pricing system and martingales; pricing of contingent claims, general equilibrium and term structure theory. Prerequisite: Ph.D. enrollment. |
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| 06F:228 Advanced Empirical Finance |
3 s.h. |
| Market efficiency and term structure theory tests; tests of asset pricing models, dividend policy and financial structure issues. Prerequisites: Ph.D. enrollment and consent of instructor. |
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| 06F:229 Seminar in Finance |
0 s.h. |
| Prerequisite: Ph.D. enrollment. |
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| 06F:288 Directed Readings in Finance--Ph.D. |
arr. |
| Prerequisites: Ph.D. enrollment and consent of instructor. |
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| 06F:290 Thesis in Business |
arr. |
| Prerequisite: consent of instructor. |
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