Santa Clara University

Graduate Business Finance Courses

 
 
 

Finance - Graduate Business

  • 451
    Financial Management
    Introduction to the basic concepts and tools of finance. Review of balance sheet and income statement categories. Emphasis on the time value of money, present value calculations, the opportunity cost of capital, the valuation of simple securities, and evaluating investment opportunities in a capital budgeting system. Prerequisites: ACTG 300 and OMIS 353.
  • 451
    Financial Management
  • 453
    Adv Financial Mgmt
  • 455
    Investments
    Study of investment securities and markets. Review of valuation tools. Analysis of stocks, bonds, and derivatives. Construction of portfolios and the control of investment risks. Prerequisite: ECON 401 and FNCE 451.
  • 457
    International Financial Management
    A study of the financial issues specific to firms operating internationally. Review of valuation tools. Emphasis on the sources of capital available to multinational firms, analyzing foreign investment opportunities, and currency risk management. Other topics may include international working capital management and import/export financing. Prerequisite: FNCE 455.
  • 459
    Financial Markets and Institutions
    A study of financial service companies such as commercial banks, investment banks, and insurance companies. Review of valuation tools. Emphasis on the evolution of financial intermediaries, analyzing financial service firms' investment opportunities under regulatory constraints, interest rate risk management, and the relation between financial institutions and financial markets. Other topics may include the political economy of financial regulation. Prerequisite: FNCE 455.
  • 460
    Mergers, Acquisitions & Corporate Restructuring
    A study of corporate governance and corporate restructurings. Emphasis on how corporate ownership, control, and organizational structures affect firm value. Other topics may include valuing merger candidates, agency theory, and takeover regulation. This course generally places a heavy emphasis on case projects and/or class presentations. Prerequisite: FNCE 455.
  • 464
    Real Estate Finance
    This course focuses on the risks, practices, and problems that are particular to financing and investing in real property. Students learn the concepts and techniques necessary to analyze the financial decisions embedded in property development and investment. Prerequisite: FNCE 455.
  • 466
    Internationall Monetary & Financial Relations
  • 474
    Risk Management with Derivative Securities
    Business risk management using futures, options, and swaps. Considers the institutional features of futures and option trading first, then introduces the theory of futures and option pricing. These tools are applied to the problems of hedging and cross-hedging commodity inventories in agriculture, metals, and other physical commodities. Covers managing financial risks such as foreign currency positions, general interest rate risk management, and the problem of portfolio immunization. Includes econometric estimation of hedge ratios. Prerequisite: FNCE 455.
  • 476
    Venture Capital & Private Equity
  • 478
    Financial Management for Privately Held Firms
  • 480
    Emerging Company Finance
    This course covers the financial topics most relevant to newly formed companies, with an emphasis on Silicon Valley-style startups that target large markets and raise outside capital. Topics include: (1) valuation, which is the course's primary theme, underlying all of the topics covered; (2) evaluating business opportunities, which focuses on the underlying economic principles that differentiate large opportunities from small opportunities; (3) funding business opportunities, which covers both identifying a company's needs and acquiring the capital for financing those needs; and (4) discussing how successful entrepreneurial ventures "exit." Prerequisite: FNCE 455.
  • 482
    Business Valuation
    An applications course that discusses the implementation of finance theory to valuation problems. This course provides practical valuation tools for valuing a company and its securities. Valuation techniques covered include discounted cash-flow analysis, estimated cost of capital, market multiples, free-cash flow, and pro forma models. Prerequisite: FNCE 455.
  • 484
    Financial Engineering
    The design, valuation, and risk management of derivative securities (futures, options, etc.), including structured products. Topics include arbitrage theory, futures, equity options, bond options, credit derivatives, swaps, and currency derivatives. Students will undertake mathematical modeling of derivatives, including implementation and applications in investments, corporate finance, and risk management. Prerequisite: FNCE 455.
  • 486
    Behavioral Corporate Finance
  • 488
    Financial Instrucments & Markets
  • 696
    Special Topics
  • 696
    Special Topics
    Covers special topics; offered on an occasional basis.
  • 699
    Master's Thesis
  • 701
    E-Commerce Economics and the Value of Internet Companies
    Provides the tools necessary to analyze the opportunities and potential competitive threats in commercial Web-based organizations. To quantify and apply the analysis, focus is on valuing Internet companies based on a careful examination of their business model and environment. Prerequisite: FNCE 451. Concentration: Fnce, EN.
  • 702
    Global Financial Markets and the Asian Crisis
    Understanding the Asian crisis in terms of the dynamics of global financial markets. An analysis of the crisis within the context of the growing influence and power of global financial markets (GFM). Discussion of the different explanations for the crisis and its spread. Illustrates the economic importance of GFM and the need for businesses to understand how they function. Prerequisite: FNCE 451. Concentration: Fnce.
  • 703
    Managing to IPO
    Analyzes the challenges facing companies from first-round financing to initial public offering (or major liquidity event) in designing their planning and control systems. Focus is on the operation of the firm, its organization structure, its financial and nonfinancial systems, and its reward systems. Prerequisite: FNCE 451. Concentration: Fnce, EN
  • 704
    Internet Finance
    How the Internet will affect the development of financial institutions such as banks and brokerages. Covers the basic theory of financial intermediation as it applies to online financial service firms. Discusses the impact of a migration to online financial services and the competitive changes created. Prerequisite: FNCE 451. Concentration: Fnce, EN.
  • 706
    Valuation of Private Companies
    This course will familiarize students with the valuation techniques used to value private businesses for different purposes including funding, mergers and acquisition, value enhancement strategies, etc. Specifically, the class will focus on the fundamental analysis, relative valuation techniques, and the use of real option techniques. This is a hands-on course in which the participants will prepare a valuation report that employs these different techniques. Prerequisite: FNCE 451. Concentration: none.
  • 707
    A Retrospect on the Technology Bubble
    This class will cover the late 1990s technology bubble. It is now a foregone conclusion that the Internet boom included a stock market bubble that eventually encompassed virtually all technology stocks. The current belated dash to declare the Internet boom a bubble means that it is time to carefully define what constitutes a stock market bubble, to begin examining the now-unquestioning acceptance of a high tech bubble, and to determine what are the most important lessons to be learned from high tech stocks rapid rise and subsequent collapse. Prerequisite: FNCE 451. Concentration: Fnce.
  • 708
    Market-Neutral Investing
    This class will cover market-neutral stock market investing. Most equity investment strategies involve diversifying to eliminate unsystematic risk while enjoying the stock markets long-term upward trend. In contrast, market-neutral invest strategies are designed to make money regardless of the broad markets movements. This can reduce short-term risk but introduces special challenges. The course will outline each market-neutral investment strategy, explain the advantages and risks, and use real examples. Prerequisite: FNCE 451. Concentration: Fnce.
  • 709
    Acquisition Integration: Managing for Value
  • 710
    Default Risk Modeling
    Default risk is a relatively modern area of finance. In the past, it comprised fundamental analysis of firms by rating agencies. It has evolved into a highly technical and quantitative discipline that requires focused training. This course introduces students to the practice of modern credit-risk modeling. Prerequisite: FNCE 451.
  • 711
    Mathematics of Option Valuation
    This course will introduce students to the mathematical tools for analysis and valuation of options. Basic models will be taught and implemented on spreadsheets so that students are comfortable with using options in common financial applications. Prerequisite: FNCE 451.
  • 712
    Monte Carlo Simulation Techniques in Finance
    This course will introduce students to simulation techniques in modern finance. This has become a well-accepted approach to valuing securities and also is used for risk management. Students will learn from hands-on examples how to undertake analyses of complex scenarios in a simple way using simulation models on spreadsheets. Prerequisite: FNCE 451.
  • 713
    Private Equity
  • 714
    Private Equity
    An introduction to the broad asset class, private equity. The class covers the history of private equity and the role it plays in an institutional portfolio. Particular attention is paid to the structure and economics of private equity partnerships. Prerequisite: FNCE 455.
  • 715
    Venture Capital
    An in-depth look at private equity funds that invest in high-growth, generally high-tech, start-up companies. The class will focus on the particulars of venture partnerships, the past performance of venture capital as an asset class, and how venture partnerships invest their capital. Prerequisites: FNCE 455 and FNCE 714.
  • 716
    Growth Capital
    An in-depth look at private equity funds that invest in more mature companies. The class will focus on the particulars of growth capital/buyout partnerships, the past performance of growth capital as an asset class, and how growth capital partnerships invest their capital with an emphasis on the role of leverage. Prerequisite: FNCE 455.
  • 717
    Intro to contingent claims Analysis & Binomial Trees
  • 720
    The Mortgage Crisis
    This course will discuss the causes and consequences of the US mortgage crisis in three class sessions. The first class will cover the events leading up to the crisis (1992-2006), including the residential real estate boom and asset-backed securitization. The second class will cover the crisis including a series of RIP case studies: What killed Bear Stearns? What killed Fannie Mae and Freddie Mac? What killed AIG? What killed Lehman Brothers and Merrill Lynch? What killed Washington Mutual and Wachovia? The third class will focus on how the crisis can be expected to change the global financial services industry in the future, and will involve student groups presenting their research on the possible futures of particular industries: banking (commercial and investment), insurance (underwriting and reinsurance), and investment services (asset management including alternatives). These presentations, along with accompanying written reports, will determine the majority of student grades. Prerequisites: FNCE 455.
  • 721
    Early Life as a Start-Up
    This course is an excellent introduction to start-up company culture, attitudes and aspirations of founders and employees, hiring and retaining the best, early stage product development and definition of the product to be closer to market requirements, winning the first customers, selecting the right VC and right valuation, and alternate financing models in the absence of a formal funding etc.
  • 722
    Valuation Drivers in Start-Ups
    This course will articulate the different dynamics in start-up company valuations. A start-up company from its inception to exit will have to go through many rounds of financing including sometimes seed funding. It is very common to see valuations that vary from company to company at different stages. The course covers the key drivers behind these variations and gives examples of several start-up companies that have been funded in the past few years that stand as good examples. This class will cover many topics such as Seed Funding, Series A-D funding, Mezzanine Round funding, M&A exits and liquidation---each of which is small enough to be easily grasped, and together form a comprehensive whole. At the end of the course, the student will be required to undertake real-world examples to understand the various dynamics of a start-up companys funding and valuation.
  • 723
    Early Stage Company Building & Valuations
    A two unit course covering building early stage companies and Valuation Variations in these companies would be offered. This course is beneficial to students who are entrepreneurs, employees of start-up companies or the ones who have a dream to start a company someday or to anyone who is interested in learning about the early years in start-up companies. The goal of this course is to provide a focused exposure to specialty topics in an early stage company growing revenues from 0 to $20M. The course will look at the pitfalls, lessons to be learnt, team building techniques at different stages of growth, early market identification, product definition, pricing issues, etc. Students will go through the mechanics of valuation and funding at various stages in the Start-up life cycle.
  • 724
    Carbon Markets & Climate Risk
    The objective of this course is to provide a working knowledge of the risks and opportunities arising from climate change and climate policy. We will examine how carbon regulations and cap-and-trade affect companies, and the tools and strategies to manage these risks. We will study how climate change may change the way we do business, looking at the physical, operational and financial impact of climate change, and discuss the emerging tools to foster business resilience. The course has a practical focus and will use real-world case studies to highlight different market and regulatory approaches, and to learn from past and current business ventures in the broader climate sector.
  • 725
    Introduction to Data Analytics
    This course is a first introduction to broad emerging paradigms in data science, machine learning, big data, analytics, and corresponding business implications. A broad overview of the field will be provided, and an introduction to various statistical tools used in data analytics. Case studies may be used. Class discussion will be important. An introduction to various data sets will also be undertaken.
  • 854
    Financial Management and Investment Analysis
    Introduction to the basic concepts and tools of finance. Review of balance sheet and income statement categories. Emphasis on the time value of money, present value calculations, the opportunity cost of capital, the valuation of simple securities, and evaluating investment opportunities in a capital budgeting system. Proceeds to a study of investment securities and markets. Review of valuation tools. Analysis of stocks, bonds, and derivatives. Construction of portfolios and the control of investment risks.
  • 2452
    Financial Management
    Introduces the basic concepts and tools of finance. Reviews balance sheet and income statement categories. Emphasizes the time value of money, present value calculations, the opportunity cost of capital, valuation of simple securities, and evaluating investment opportunities in a capital budgeting system.
  • 2453
    Corporate Finance
    Deals with the basic and advanced concepts of corporate finance, particularly the role of the financial manager and the goal of financial management. For this purpose, the course focuses on agency conflicts and corporate governance, capital structure, payout policy, financial distress, options (real and executive), derivatives/hedging, and international issues.
  • 2455
    Investments
    Explores investment securities and markets; reviews valuation tools; analysis of stocks, bonds, and derivatives. Introduces constructing portfolios and controlling investment risks. Focuses on learning how to value assets given forecasts of future cash flows. Concentrates on the risk characteristics of different asset classes. Covers four broad areas: (a) bonds and other fixed income securities, (b) risk/return relationships, portfolio diversification, and equity factor models, (c) performance evaluation and security analysis, and (d) currencies, international interest rates, and derivatives. Combines the theoretical underpinnings of finance with real-world examples. Before taking the course, students should understand time value of money (discounting), capital budgeting, and evaluation of two-stock portfolios.
  • 2480
    Emerging Company Finance
    Covers financial topics most relevant to newly formed companies, with an emphasis on Silicon Valley-style startups that target large markets and raise outside capital. Includes topics on: (1) valuation, which is the courses primary theme, underlying all of the topics covered, (2) evaluating business opportunities, which focuses on the underlying economic principles that differentiate large opportunities from small opportunities, (3) funding business opportunities, which covers both identifying a companys needs and acquiring the capital to finance those needs, and (4) discussing how successful entrepreneurial ventures exit.
  • 3452
    Financial Management
    Introduces the basic concepts and tools of finance. Reviews balance sheet and income statement categories. Emphasizes the time value of money, present value calculations, the opportunity cost of capital, valuation of simple securities, and evaluating investment opportunities in a capital budgeting system.
  • 3453
    Corporate Finance
    Deals with the basic and advanced concepts of corporate finance, particularly the role of the financial manager and the goal of financial management. For this purpose, the course focuses on agency conflicts and corporate governance, capital structure, payout policy, financial distress, options (real and executive), derivatives/hedging, and international issues.
  • 3455
    Investments
    Explores investment securities and markets; reviews valuation tools; analysis of stocks, bonds, and derivatives. Introduces constructing portfolios and controlling investment risks. Focuses on learning how to value assets given forecasts of future cash flows. Concentrates on the risk characteristics of different asset classes. Covers four broad areas: (a) bonds and other fixed income securities, (b) risk/return relationships, portfolio diversification, and equity factor models, (c) performance evaluation and security analysis, and (d) currencies, international interest rates, and derivatives. Combines the theoretical underpinnings of finance with real-world examples. Before taking the course, students should understand time value of money (discounting), capital budgeting, and evaluation of two-stock portfolios.
  • 3457
    International Financial Management
    Studies financial issues specific to firms operating internationally. Examines the global financial environment, agency problems and corporate governance, international financial markets, exchange rate behavior, and corporate hedging decisions using currency options, currency futures, forward & cross-currency interest rate swaps by the multinational corporation (MNC) and understanding international parity relations.
  • 3459
    Financial Markets and Institutions
    Studies financial service companies such as commercial banks, investment banks, and insurance companies from the perspective of a corporate issuer. Reviews valuation tools. Emphasizes the analysis of a corporations funding alternatives under regulatory constraints, interest rate risk management, and the relation between financial institutions and financial markets. Other topics may include evolution of financial intermediaries and current developments in financial regulation.
  • 3460
    Mergers, Acquisitions, and Corporate Restructuring
    Examines corporate governance and corporate restructurings. Emphasizes how corporate ownership, control, and organizational structures affect firm value. Other topics include valuing merger candidates, agency theory, and takeover regulation. Places a heavy emphasis on case projects and/or class presentations.
  • 3462
    Behavioral Investments
    Analysis of investor behavior and its reflection in the investment industry and financial markets. Applications to individual investors and investment professionals such as portfolio managers and security analysts. Emphasis on the cognitive biases and emotions of investors. Prerequisite: FNCE 455.
  • 3464
    Real Estate Finance
    Focuses on the risks, practices, and problems particular to financing and investing in real property. Teaches the concepts and techniques necessary to analyze financial decisions embedded in property development and investment.
  • 3474
    Risk Management with Derivative Securities
    Explores business risk management using futures, options, and swaps. Considers the institutional features of futures and option trading first, then introduces the theory of futures and option pricing. Applies these tools to the problems of hedging and cross-hedging commodity inventories in agriculture, metals, and other physical commodities. Covers managing financial risks such as foreign currency positions, general interest rate risk management, and the problem of portfolio immunization. Includes econometric estimation of option related metrics such as hedge ratios.
  • 3480
    Emerging Company Finance
    Covers financial topics most relevant to newly formed companies, with an emphasis on Silicon Valley-style startups that target large markets and raise outside capital. Includes topics on: (1) valuation, which is the courses primary theme, underlying all of the topics covered; (2) evaluating business opportunities, which focuses on the underlying economic principles that differentiate large opportunities from small opportunities; (3) funding business opportunities, which covers both identifying a companys needs and acquiring the capital to finance those needs; and (4) discussing how successful entrepreneurial ventures exit.
  • 3482
    Business Valuation
    Discusses implementing finance theory for valuation problems. Provides practical valuation tools for valuing a company and its securities. Covers valuation techniques including discounted cash-flow analysis, estimated cost of capital, market multiples, free-cash flow, and pro forma models.
  • 3484
    Financial Engineering
    Examines the design, valuation, and risk management of derivative securities (futures, options, etc.), including structured products. Includes topics on arbitrage theory, futures, equity options, bond options, credit derivatives, swaps, and currency derivatives. Mathematical modeling of derivatives, including implementation and applications in investments, corporate finance, and risk management.
  • 3488
    Financial Instruments and Markets
    Covers the basics of financial instruments and the markets in which these instruments trade. Consists of two sections: fixed income securities and derivative securities. Uses case studies to introduce advanced securities and institutional features of their markets in which these securities trade. Develops a framework for analyzing new financial instruments including decomposing a security into simpler pieces, analyzing (pricing, hedging, etc.) each piece separately, and putting the pieces back together for a unified analysis. Explores the security design process, and the role and motivation of financial intermediaries, including commercial banks, investment banks, insurance companies, and hedge funds.
  • 3490
    Data Science and Business Analytics
  • 3696
    Experimental Course/Special Topics
  • 3698
    Independent Study
  • 3705
    Raising Capital in Silicon Valley
    Covers the practical side of raising capital in Silicon Valley. This class will be targeted directly toward entrepreneurs (and other curious parties) and includes: a brief history of venture capital in Silicon Valley; funding sources in Silicon Valley; exit strategies and why they matter from day one; contacting investors; the two-pager; what investors need from a business plan; valuing your company (idea); and presenting to investors. Prerequisites: none. Concentration: EN.
  • 3712
    Monte Carlo Simulation Techniques in Finance
    Teaches simulation techniques in modern finance. This has become a well-accepted approach to valuing securities and also is used for risk management. Features hands-on examples how to undertake analyses of complex scenarios in a simple way by using simulation models on spreadsheets.
  • 3714
    Private Equity
    Covers the history of the broad asset class, private equity, and the role it plays in an institutional portfolio. Pays particular attention to the structure and economics of private equity partnerships.
  • 3715
    Venture Capital
    Covers the basics of financial instruments and the markets in which these instruments trade. Consists of two sections: fixed income securities and derivative securities. Uses case studies to introduce advanced securities and institutional features of their markets in which these securities trade. Develops a framework for analyzing new financial instruments including decomposing a security into simpler pieces, analyzing (pricing, hedging, etc.) each piece separately, and putting the pieces back together for a unified analysis. Explores the security design process, and the role and motivation of financial intermediaries, including commercial banks, investment banks, insurance companies, and hedge funds.
  • 3716
    Growth Capital
    Evaluates private equity funds that invest in more mature companies. Focuses on the particulars of growth capital/buyout partnerships, the past performance of growth capital as an asset class, and how growth capital partnerships invest their capital with an emphasis on the role of leverage.
  • 3718
    Venture Capital Due Diligence
    Provides a broad overview of the Due Diligence process. Due diligence is the process by which potential investors identify and explore the critical aspects of a young company, and attempt to quantify both the risks and the advantages of making an investment. The state of the market, management expertise within the firm, technology risk, and legal concerns are just a few of the factors investors include in their due diligence analyses. Once an investor is educated about a companys risk and potential rewards, the terms of the investment must be negotiated, including valuation, preferences, and control features. Requires groups of students to study particular opportunities and present their findings and thoughts to the class.
  • 3723
    Early Stage Company Building and Valuations
    A two unit course covering Building early stage companies and Valuation Variations in these companies would be offered. This course is beneficial to students who are entrepreneurs, employees of start up companies or the ones who have a dream to start a company someday or to anyone who is interested in learning about the early years in start-up companies. The goal of this course is to provide a focused exposure to specialty topics in an early stage company growing revenues from 0 to $20M. The course will look at the pitfalls, lessons to be learnt, team building techniques at different stages of growth, early market identification, product definition, pricing issues, etc. Students will go through the mechanics of valuation and funding at various stages in the Start-up life cycle.
  • 3725
    Intro to Data Analytics
    This course is a first introduction to broad emerging paradigms in data science, machine learning, big data, analytics, and corresponding business implications. A broad overview of the field will be provided, and an introduction to various statistical tools used in data analytics. Case studies may be used. Class discussion will be important. An introduction to various data sets will also be undertaken.
  • 3726
    Fixed-Income Modeling
    Overview: This course will introduce students to analytical techniques for bond markets and interest rate derivatives. This is essential content needed to be a bond quant. Students will learn to mathematically model the pricing of interest-rate related securities. Risk management of these securities in portfolios will also be taught. A light introduction to stochastic calculus will also be provided.
  • 3727
    Business Model Frameworks
More course information

Finance concentrations for graduate students

Finance 696 course descriptions

 

George Chacko

The cost of having it now

Finance professor pinpoints the cost of doing business with intermediary agencies and has his work published.

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