Fin 510 Advanced Corporate Finance
Examines corporate financial decisions, including theory and associated empirical evidence. Topics include agency conflicts, corporate governance, executive compensation, becoming publicly traded, raising capital through public and private offerings, capital structure, financial distress and bankruptcy, leasing, dividend policy, corporate control, restructuring, and risk management.
Fin 515 Case Studies in Financial Decision Making
This course focuses on case studies to develop an integrated set of financial decisions. Topic areas include fixed asset, working capital, capital structure, dividend and merger/acquisition decisions. The objective of the course is to examine different firm settings and establish a framework within which to apply financial tools.
Fin 520 Investments
Analysis of risk and return for individual securities and portfolios of securities. Topics include the market environment, mechanics of trading, measurement of return and risk, valuation of stocks and bonds, mutual funds, optimal asset allocation, market efficiency, portfolio performance evaluation, risk management, and derivatives.
Fin 528 Fixed Income Analysis and Portfolio Management
Advanced analysis of fixed income markets and securities, including valuation and trading of treasury securities, corporate bonds, mortgage backed securities. Analysis of structured financial securities, including CDO, CMBS, and ABS. Analysis of active and passive investment strategies for managing fixed income portfolios. Students are required to manage a fixed income portfolio for an institutional investor. A top-down approach to portfolio management is assumed, with active bets taken on market direction, duration, yield curve, and credit spreads.
Fin 530 Financial Analysis and Valuation
Valuation of public and private firms through analysis of financial statements and other information. Study of drivers of values creation, industry analysis, patterns of growth, models for forecasting and analyzing firm cash flows, estimating and adjusting cost of capital, alternative methods of cash flow valuation, the calculation and use of valuation multiples, and valuing mergers and acquisitions.
Fin 534 Financial Derivatives
An applied course in derivative markets. Topics covered include futures and options markets, option pricing, swaps, use and rating of insurance products, and alternative forms of reinsurance. Emphasis will be place on agricultural commodity markets, but energy, interest, currency and stock index contracts will also be covered.
Fin 535 Venture Capital, Private Equity, Mergers and Acquisitions
Advanced investments class focusing on alternative investments. Topics include the nature and scope of investment banking, techniques for valuing public and private firms, venture capital finance, private equity finance, leveraged buyouts, hedge funds, the structure and financing of mergers and acquisitions, and divestitures.
FIN 550 Financial Econometrics
Analysis, modelling, and forecasting of time series data, volatility modeling and forecasting, maximum likelihood estimation, robust standard error computation, specification testing, estimation under alternative distributional assumptions, and Monte Carlo simulation. Applications include tests of asset pricing models, analysis of asset volatility, corporate event studies, and value at risk analysis.
FIN 564 Advanced Derivatives and Risk Management
Risk management tools and how they are applied within financial institutions such as banks, insurance companies, mutual funds, and hedge funds, as well as the corporate enterprise. Focus on measuring exposure to stock market risk, interest rate risk, currency risk and credit risk and how these exposures may be managed. Topics include the Basel accords, volatility modelling, value at risk analysis, extreme value theory, credit default swaps, and portfolio simulations.
Fin 572 Real Estate Finance
Survey of techniques for assessing the value of real estate assets. Introduction to real estate financing instruments, their use and appropriateness.
FIN 580 International Corporate Finance
Examines international business issues and markets from the perspective of the multinational firm. Topics include exchange rate determination, the international monetary system, parity conditions, currency forecasting, balance of payments, country risk, measuring exchange risk, currency and interest rate hedging strategies, currency translation and transaction risk, international trade, Euromarkets, international financing costs, and cash management.