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Finance

Course Code
FINC 325  Credits
Title Financial Institutions and Markets 
Course Outline Course Outline 
Writing Intensive Yes  
Description This course introduces an understanding of interest rates and their relationship to the value of bonds and stocks. The course will provide an overview of the bond and stock markets; the reasons they exist, their role and functions and how they operate. The course will provide a synopsis of financial institutions (banks, savings and loans, and credit unions) and non-financial institutions (stock brokerage firms, insurance companies, and mutual funds). 



Course Code
FINC 340  Credits
Title Financial Management 
Prerequisite ACCT 231, and MATH 234 
Course Outline Course Outline 
Description Students are introduced to the principles of finance. Basic issues of business finance including investment, financing and dividend policies are explored. Students learn about the functioning and regulations of financial markets. Students must have Junior standing. 



Course Code
FINC 345  Credits
Title Personal Finance 
Course Outline Course Outline 
Writing Intensive Yes  
Description The primary aim of this course is to help you plan for a successful financial future. This course provides a comprehensive, user-friendly treatment of financial planning--including personal financial statements and budgets, cash management, consumer credit, consumer durables, housing, insurance, investments, retirement and estate planning -- developing the understanding and appreciation necessary to be successful in today's financially complex world. 



Course Code
FINC 352  Credits
Title Principles of Insurance and Risk Management 
Prerequisite FINC 340 
Course Outline Course Outline 
Description This course provides a study of the basic concepts of business and personal risks from the standpoint of creation, identification, reduction, elimination, and evaluation of risks. The use of insurance in meeting problems of risk is also covered in this course. 



Course Code
FINC 354  Credits
Title Real Estate Finance and Investments 
Prerequisite FINC 340 
Course Outline Course Outline 
Description This course is a study of valuation, financial analysis, and investment analysis of real estate. Real estate development and financing sources are examined. Federal income taxes as they affect real estate investment are also considered. 



Course Code
FINC 360  Credits
Title Principles of Investment 
Prerequisite FINC 340 
Course Outline Course Outline 
Description This course provides a basic understanding of the functioning of securities markets, individual investment alternatives, issues involved in investment theory and practice, and investment analysis and valuation. Emphasis is placed on the understanding of the background terminology and risk/return characteristics of different investment opportunities. 



Course Code
FINC 425  Credits
Title Bank Management I 
Prerequisite FINC 340  
Course Outline Course Outline 
Description This course applies traditional finance concepts to the management of commercial banks. It emphasizes the structure of the financial services industry and specifically the banking sector, financial analysis, decision-making, and specific problem-solving techniques. The course provides a basic understanding of the issues confronting bank managers today, fundamental financial models, and the risk/return impacts of various credit, investment, operational, and funding decisions. The course focuses on the drivers of bank financial performance and the principal risk influences bank executives face. 



Course Code
FINC 426  Credits
Title Bank Management II 
Prerequisite FINC 425 
Course Outline Course Outline 
Description This course extends the content of Bank Management FINC 425 and the management of commercial banks to a more advanced level. The course continues the concepts introduced and developed in FINC 425 associated with the analysis and bank performance drivers, balance sheet structure, and risk management/mitigation. It advances critical concepts that represent primary dimensions within most commercial banks within the present operating environment with more in depth and engaged analyses of loan (credit) underwriting (commercial and commercial real estate), secondary market residential mortgage lending, the role (structure, development, and analysis) of mortgage-backed securities in modern bank investment portfolios, and interest rate risk modeling. Students will participate in a mock loan committee as presenters of a loan proposal. The course introduces the impact of decision making on bank performance via a dynamic bank performance simulation exercise employed throughout the duration of the course, aimed to challenge the student to engage strategies in pursuit of growth, market position, and quite essentially, long-term profitability. Asset-liability management concepts are investigated as the determinants of risk and reward. The course focuses on the drivers of bank financial performance and the principal risk influences bank executives face every day within a setting where students realize the consequences of decisions. 



Course Code
FINC 441  Credits
Title Advanced Financial Management 
Prerequisite FINC 340 
Course Outline Course Outline 
Description This course provides knowledge of advanced issues in financial management. Current issues in financial management are explored. 



Course Code
FINC 445  Credits
Title International Financial Management 
Prerequisite FINC 340 
Course Outline Course Outline 
Description International Financial Management is the sub-area of finance that studies the international investment decisions concerning real and financial assets. This course is intended for students who wish to learn the concepts and theories of modern multinational financial management. International Financial Management gives participants a solid theoretical and practical background that serves to better understand (1) the determinants of currency exchange rates, (2) the importance of risk management in a Multinational Corporation (MNC); (2) the particularities of corporate finance, and corporate governance in a global context.  



Course Code
FINC 446  Credits
Title Financial Decision Making 
Prerequisite FINC 441 
Course Outline Course Outline 
Description This course moves away from textbooks to learning the skills and issues involved in the financial management of a corporation through academic and professional articles. Several important concepts of financial management are applied to real-life situations through the use of case problems. These cases provide insights into some of the problems a firm faces and how they can be addressed. 



Course Code
FINC 450  Credits
Title Entrepreneurial Finance 
Prerequisite FINC 441 
Course Outline Course Outline 
Description Entrepreneurs like the adrenaline generated by managing a new business opportunity. Examples of new business opportunities are (1) the development of a new product or service, (2) the management of a franchise, and (3) the optimization of an existing company with problems. However, one of the areas where entrepreneurs have fewer skills is financial management which includes basic accounting, fund raising and cash management. Entrepreneurial Finance is a comprehensive course that not only reviews finance specific concepts but also introduces new financial concepts that are important to the entrepreneur, including how to take into consideration in the valuation process the managerial flexibility that comes with the incremental uncertainty the entrepreneur faces.  



Course Code
FINC 460  Credits
Title Portfolio Analysis and Management 
Prerequisite FINC 360 
Course Outline Course Outline 
Writing Intensive Yes  
Description This course involves analysis of techniques used in combining securities into portfolios. Students will examine various classes of securities and investments meeting a proper balance for investor needs. 



Course Code
FINC 462  Credits
Title Financial Analysis and Valuation 
Prerequisite FINC 360 and FINC 441  
Course Outline Course Outline 
Description This course provides in-depth knowledge of valuation models and their practical application. The primary focus is equity valuation techniques. This includes data gathering and analysis of financial statements, analyzing cash flow, estimating the cost of capital, and forecasting cash flows. Discounted cash flow and relative valuation models are utilized in case studies to practice equity valuation. Additional topics covered include an introduction to fixed income valuation, alternative investments, and the ethics and professional standards related to the practice of valuation. 



Course Code
FINC 463  Credits
Title Futures and Options 
Prerequisite FINC 360 
Course Outline Course Outline 
Description Advanced study of the pricing and use of derivative market instruments, current topics and issues. 



Course Code
FINC 465  Credits 1-3 
Title Portfolio Management Practicum 
Prerequisite FINC 360 
Course Outline Course Outline 
Description This course provides students an opportunity to gain practical investment management experience with an actual investment portfolio. Students will invest and monitor funds available through the Dragon Investment Fund, a donor sponsored fund for this purpose. As essential component of preparation for management of investment analysis and selection, and the management of the Dragon Investment Fund, students will be exposed to more advanced concepts in security and portfolio risk dynamics, risky asset combinations and portfolio optimization, investment security analysis and valuation techniques, and portfolio performance measurement.  



Course Code
FINC 469  Credits 1-12 
Title Internship 
Prerequisite FINC 340 
Course Outline Course Outline 
Description A supervised, practical experience in finance. A maximum of 12 internship credits may be applied to the degree. Prerequisites: FINC 340 plus 6 credits in Finance beyond FINC 340



Course Code
FINC 480  Credits
Title Portfolio Management Practicum 
Course Outline Course Outline 
Description This course is designed to give students an opportunity to gain practical investment management experience. Students will invest and monitor funds available through the Dragon Investment Fund, a donor sponsored fund for this purpose. May be repeated up to 3 credits. 



Course Code
FINC 490  Credits 1-3 
Title Topics in Finance 
Course Outline Course Outline 
Description This is a senior level topics course and may be repeated as topic varies. 



Course Code
FINC 497  Credits 1-3 
Title Independent Study 
Course Outline Course Outline 
Description Individual inquiry into an aspect of finance not covered in the regular curriculum.