Finance Course Descriptions
FINA 6305: Managerial Finance
Course focuses on risk-return analyses that managers use to maximize firm value. Topics
include time value of money (review), valuation of financial instruments, capital
budgeting, cost of capital and capital structure, working capital management, and
Prerequisites: ACCT 5323 or ACCT 6300, BUAD 6300, and ECON 5F70.
FINA 7310: Intermediate Managerial Finance
Builds on Managerial Finance and presents additional concepts and models for financial decision making. Topics covered include capital budgeting, lease financing, working capital management, mergers and acquisitions, risk management, capital structure theory, dividend policy, and multinational financial management. Prerequisite: FINA 6305.
FINA 7320: International Financial Markets
Policies and practices required to manage foreign exchange risk, finance international trade, and meet working capital and investment needs of multinational companies. Prerequisite: FINA 6305.
FINA 7322: Investments
A thorough overview of investments, providing students with knowledge of basic types of securities (bond, stock, foreign exchanges and derivatives) and how the markets for these securities operate. The principles of finance, including arbitrage, market efficiency, asset pricing models and portfolio theory. Specific topics include risk-return and mean-variance efficient frontiers, diversification and pricing of risk, security, pricing, etc. Students apply skills in modern investment pricing techniques, including the pricing of fixed-income securities, equities, foreign exchange and derivatives. Principles of portfolio selection and management and risk control will also be covered in relevant topics. Finally, the course looks at how banks and other financial institutions make money by bringing issuers and investors together. Prerequisites: ACCT 5325 & FINA 6305.
FINA 7327: Corporate Valuation
Theoretical and applied understanding of key methods and tools used in valuing companies in order to evaluate mergers and acquisitions, new projects or make strategic decisions. Analysis of the factors that drive corporate value will be emphasized. Builds upon the concepts covered in FINA 6305 Managerial Finance and FINA 7310 Intermediate Managerial Finance. Prerequisite: FINA 7310.
FINA 7350: Derivatives
Development of an understanding of financial derivative instruments (forwards, futures, options and swaps) and their applications to investment strategy and risk management. Throughout the course, we cover material in the contracts, hedging, arbitrage, pricing and risk management of financial derivative instruments. Derivatives pricing models such as Binomial Tree Model and BSM Model are discussed in detail. Students learn how to apply futures strategies for long and short hedge and how to apply option strategies such as covered calls, spreads and butterflies and options Greeks for financial engineering and risk management purpose. Students will also use options and futures contracts for tactical portfolio strategies purpose. Relevant topics such as securitization and real options are covered. Prerequisite: FINA 7322.
FINA 8395: Portfolio Management
This course serves as the final class of the M.S. Finance program. The objective of the course is to apply all of the theoretical finance knowledge students have learned in other MS Finance courses. By studying the empirical evidence relevant for portfolio management, we will cover investment strategies and risk management of equity portfolios, such as estimation of capital market parameters, trade-off between risk and return, equilibrium asset pricing models, portfolio construction, optimal portfolio selection and random walk as applied to portfolio management, etc. Prerequisite: FINA 7310 and FINA 7322. Approval required – final term.