For major requirements, see the School of Business Administration section of this Catalog.
Courses in the department are open to juniors and seniors only with the exception of FNCE 198.
198. Contemporary Issues in Finance
Semester by arrangement. One credit. May be repeated for credit in different sections in combination with BADM 198 or MGMT 198 up to a maximum of three credits. Open to freshmen and sophomores, others with consent of instructor. May not be used to satisfy upper division/major requirements in the School of Business Administration.
The world of business has changed. No longer can we refer to the cliche "business as usual."Today's business world is a complex, challenging and exciting place. Each section of the course will capture some aspect of this challenge and excitiment. Students will be exposed to undercurrents that challenge and perplex today's managers and executives around the world.
201. Business Finance
Either semester. Three credits. Prerequisite: ACCT 200, (may be taken concurrently), ECON 111 and 112, ENGL 105 and 109, MATH 106 or 114 or 116, STAT 100 or 110.
An introductory examination of how a business plans its needs for funds, raises the necessary funds, and invests them to attain its goals.
202. Investment and Security Analysis
(Formerly offered as FNCE 208.) Either semester. Three credits. Prerequisite: FNCE 201.
A study of the nature of securities, the mechanics and costs of trading, and the way in which securities markets operate. Risk-return analysis will be applied in making decisions to buy or sell stocks, bonds and options.
202P. Investment and Security Analysis
(Formerly offered as FNCE 208P.) Either semester. Three credits. Prerequisite: FNCE 201. Taken with either FNCE 203P or FNCE 206P in any order equals one W requirement.
A study of the nature of securities, the mechanics and costs of trading, and the way in which securities markets operate. Risk-return analysis will be applied in making decisions to buy or sell stocks, bonds and options. Research paper.
203. Problems in Business Finance
Either semester. Three credits. Prerequisite: FNCE 201.
An intermediate course in business finance, with selected case problems.
203P. Problems in Business Finance
Either semester. Three credits. Prerequisite: FNCE 201. Taken with either FNCE 202P or FNCE 206P in any order equals one W requirement.
An intermediate course in business finance, with cases and written analysis of financial management problems.
205. Global Financial Management
Either semester. Three credits. Prerequisite: FNCE 201.
Focuses on the detailed study of: (1) exchange rate determination, (2) operation of the foreign currency and global capital markets, and (3) hedging both transac-tion and economic exposure to exchange rate changes.
206. Financial Institutions
Either semester. Three credits. Prerequisite: FNCE 201.
Study of the financial management of commercial banks and other selected financial institutions, emphasizing their role in the money and capital markets through funds acquisitions, investment and credit extension.
206P. Financial Institutions
Either semester. Three credits. Prerequisite: FNCE 201. Taken with either FNCE 202P or FNCE 203P in any order equals one W requirement.
Study of the financial management of commercial banks and other selected financial institutions, emphasizing their role in the money and capital markets through funds acquisitions, investment and credit extension. Research paper.
217. Managerial Economics
(Formerly offered as BEAP 220.) Either semester. Three credits. Prerequisite: ACCT 131, ECON 111 and 112, ENGL 105 and 109, MATH 106 or 114 or 116, STAT 100 or 110.
A study of economic analysis with particular emphasis on its contribution to the formulation and evaluation of business policy. The application of such concepts as demand, cost, capital, profit, competition, capital budgeting are related to the determination of prices and other management policies. The allocation of resources within the business firm toward the maximization of long-term net profit is the focus of the approach.
221. Risk Management and Insurance
Either semester. Three credits.
A study of the concept of risk and its treatment by insurance. It covers why the individual or corporation purchases insurance, what constitutes an intelligent insurance plan and what products are available in the insurance marketplace.
223. Health Insurance
Second semester. Three credits. Prerequisite: FNCE 221 or permission of instructor.
This course will provide a detailed overview of health insurance from the perspective of insurance company owners, employers, and individual consumers of health insurance services. Emphasis is given to individual and group health insurance product management and to the relationship between product characteristics and insurance company investments, financing, and marketing decisions. Managed care techniques, benefit package design and cost sharing mechanisms are assessed in the context of resolving insentive conflicts and meeting cost-containment objectives. Evaluation of insurance company financial strength and the impact of regulation on company management and behavior are considered in detail.
224. Social Insurance
Second semester. Three credits.
An examination of causes, effects and proposed remedies for financial insecurity resulting from occupational injuries, unemployment, old age and premature death, and general illness. Emphasis is placed on the role of the government in dealing with these economic problems.
225. Life Insurance and Retirement Security
First semester. Three credits. Prerequisite: FNCE 221 or permission of instructor.
Focuses on the basic principles underlying life insurance, pensions, and other methods of insuring for financial security. Emphasis is given to the following general topics _ the need for life insurance and annuities, individual retirement planning, employer provided group insurance and pensions, types of life insurance and annuity contracts, deferred compensation plans, the
228. Risk Management: Property and Liability Exposures
First semester. Three credits. Prerequisite: FNCE 221.
This course critically examines the risk management process introduced in FNCE 221. Emphasis is on identification and treatment of pure loss exposures faced by commercial and institutional entities. Available risk management treatment techniques are identified and discussed. Analysis of applicable commercial property and liability insurance coverages is stressed.
228W. Risk Management: Property and Liability Exposures
230. Real Estate Decision-Making
Either semester. Three credits.
Overview of the personal, social and business aspects of real estate. Emphasis on home purchase decisions, location analysis, market characteristics and investment decision-making.
232. Income Property Valuation
Second semester. Three credits. Prerequisite: FNCE 230.
Focus is on techniques and applications of investment decision making and value estimation. Emphasis on cash flow forecasting, rate derivation, ratio models and discounted cash flow techniques.
232W. Income Property Valuation
233. Real Estate Finance, Investments and Taxation
First semester. Three credits. Prerequisite: FNCE 230.
Focuses on the equity investment position. Considers the impact of financing and the federal income tax on real estate investment decisions. Field work or class projects evaluate investment returns and identify and measure risk.
234. Real Estate Market Analysis
First semester. Three credits. Prerequisite: FNCE 230.
Hands on geographical information analysis with GIS software. Emphasis is on the use of the microcomputer for analysis, marketability analysis and investment feasibility. Case studies and field work provide skills in problem identification and analysis. Oral and written presentations may be required.
=289. Field Study Internship
Summer session. One to three credits. Hours by arrangement. Prerequisite: Students enrolled in the Real Estate Intern program must have earned a "C" or better in Finance 230. For all others, completion of Finance 201 and at least one other finance course related to the internship area, with a grade of "C" or better in each course. Consent of instructor and Department Head prior to beginning the internship.
Designed to provide students with an opportunity for supervised field work in relevant major areas within the Department. Students will work with one or more professionals in their major academic area. Student performance will be evaluated on the basis of an appraisal by the field supervisor and a detailed written report submitted by the student.
293. Foreign Study
Either or both semesters. Credits and hours by arrangement, up to a
maximum of six credits. Consent of De
partment Head required, prior to the student's departure.
Special topics taken in a foreign study program.
296W. Senior Thesis in Finance
Either semester. Three credits. Hours by arrangement. Open only to Finance Department Honors Students with consent of instructor and Department Head.
298. Special Topics
Either semester. Credits and hours by arrangement. Prerequisite: Announced separately for each offering. With a change in content, may be repeated for credit.
Classroom course in special topics in finance, insurance or real estate as announced in advance for each semester.
299. Independent Study
Either or both semesters. Credits by arrangement, not to exceed six in any semester. Open only with consent of instructor.
Individual study of special topics in finance, insurance or real estate as mutually arranged between a student and an instructor.