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Curriculum

48 Total Units: 36 Core Units + 12 Elective Units

 

Required Courses

Below are the required courses and their corresponding units.

 

Fall Quarter (12 units)

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. Prerequisite: FNCE 451 or FNCE 2452 or FNCE 3452 or FNCE 3000. (3 units)

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. Prerequisites: FNCE 451 or FNCE 2452 or FNCE 3452 or FNCE 3000. (3 units)

Explores group dynamics to enable students to perform more effectively in groups and teams. Provides students with feedback on individual managerial competencies to aid in career self-management and planning. Open to M.S. students only. Prerequisite: None. (3 units)

 

Winter Quarter (12 units)

 

Spring Quarter (12 units)

Spring quarter will consist of 12 units worth of elective courses.

 

Elective Options

Of the 7 electives required, a minimum of 4 must be in Finance. Finance electives may be clustered to create a focus on corporate finance, investment management, or capital markets.

Below are the finance elective options.

This course provides an introduction to finance. It addresses the theory and practice of financial management, the generation and allocation of financial resources. The main objective is to provide a foundation in the basic concepts of finance, including the time value of money, cash and working capital management, the role of financial markets, portfolio theory, asset pricing, and the risk-return tradeoff, and to expand awareness of institutions and practices in business and finance. Prerequisites: ACTG 3000 (4 units)

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. Prerequisites: FNCE 451 or FNCE 2452 or FNCE 3452 or FNCE 3000 (3 units)

 

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. Prerequisites: FNCE 451 or FNCE 2452 or FNCE 3452 or FNCE 3000 (3 units)

Explores behavioral paradigms as they relate to investments. Considers psychological biases that might affect investment behavior and examines empirical evidence that investors are subject to these biases. Explores the possibility that investor behavior affects asset prices. For example, do stocks held by a limited number of investors sell for less than stocks held by many investors? Before taking this course, students should have a solid understanding of the time value of money (discounting), capital budgeting, and the evaluation of multi-stock portfolios. Prerequisites: FNCE 451 or FNCE 2452 or FNCE 3452 or FNCE 3000 (4 units)