Analytics, Economics & Finance Course Descriptions

BUAN 201 INTRODUCTION TO BUSINESS ANALYTICS   3.0 Credit(s)
This course covers the fundamental skills for business analytics: compiling summary statistics, data visualization, descriptive data mining and statistical methods such as hypothesis testing and linear regression. Students gain experience with widely used software tools and learn to report analysis in a presentable format. Topics covered will be useful for further analytical studies in financial analytics, econometrics, marketing analytics, HR analytics, health care analytics and supply chain analytics. Pre-requisite: MA-131/MA-133/MA-331 Prerequisite: Take MA-131or MA-331
Offered: Fall & Spring Semesters All Years

BUAN 210 INTRO TO DATA BASED DECISION-MAKING   3.0 Credit(s)
This course covers a range of skills from the field of analytics. Students will be expected to collect, clean, analyze and communicate data leading to data driven decision-making. All students are required to sit for Microsoft Excel certification and an industry certificates in data fundamentals.
Offered: Fall & Spring Semesters All Years

BUAN 220 INTRO TO BUSINESS ANALYTICS   3.0 Credit(s)
This course covers the fundamental skills for business analytics: compiling summary statistics, data visualization, descriptive data mining and statistical methods such as hypothesis testing and linear regression. Students gain experience with MS Excel and other software tools and learn to report analysis in a presentable format. Topics covered will be useful for further analytical studies such as Financial Analytics, Econometrics, Marketing Analytics, HR Analytics, Health care analytics and Supply Chain Analytics. Prerequisite: Take BUAN-210
Offered: All Semesters All Years

BUAN 301 INTRO TO PYTHON FOR DATA ANALYTICS   3.0 Credit(s)
This course is a primer on Python programming language for students with little or no prior programming knowledge. In this course, students will start from the fundamentals of Python programming, including developing environment, language syntax, variable types, data structures, functions and control flow. Along the way, students will work with dedicated libraries for data science, such as Pandas, NumPy, SciPy, MatPlotLib, that allow students to develop analytics on data to solve challenging business problems. This course places emphasis on hands-on learning experiences that allow students to experiment with trial and error, and learn from their mistakes.
Offered: Fall & Spring Semesters All Years

BUAN 302 INTRODUCTION TO DATABASE MANAGEMENT   3.0 Credit(s)
This is an introductory course on Database concepts and Structured Query Language (SQL) with a focus on business applications. This course provides a step-by-step overview and instructions on a variety of topics, including database and database management system (DBMS), data types, table structure and relationships, field definitions and naming conventions, data access queries using SQL, data definition language (DDL) and data manipulation language (DML) commands; table creation using SQL statements, database security and evolution of data models. No prior database or programming experience is required.
Offered: Fall & Spring Semesters All Years

BUAN 303 DATA VISUALIZATION   3.0 Credit(s)
Visualizations are graphical depictions of data that can improve comprehension, communication, and decision making. This course is an introduction to the principles and techniques that increase the understanding of complex data and models. Emphasis is placed on the identification of patterns, trends and difference from data sets across categories, space, and time. Tools used will be Tableau and Python.
Offered: Fall & Spring Semesters All Years

BUAN 320 ADVANCED EXCEL FOR BUSINESS   1.0 Credit(s)
This one credit course provides students with the advanced Excel knowledge required in some finance and business positions and prepares students to sit for the Microsoft Expert Excel 77-728 Exam. Key topics include managing workbook options and settings; applying custom data formats and layouts; advanced formulas; and advanced charts and tables including pivot tables and charts. Business analysis using Excel is integrated throughout. Prerequisite: take BUAN-210
Offered: Fall & Spring Semesters All Years

BUAN 390 ANALYTICS INTERNSHIP   3.0-9.0 Credit(s)
The internship is focused on developing job search, interviewing, and career assessment skills while providing practical experience. Students work with a faculty advisor and the career development office to write a resume, search for and obtain an internship, and work for a minimum of 120 hours. The internship introduces students to the opportunities and rigors of the business environment. Upon completion, students work with the supervisor and faculty advisor to reassess skills and career development plans. Prerequisite: Take BU-296
Offered: As Needed All Years

BUAN 399 SPECIAL TOPICS IN ANALYTICS   1.0-3.0 Credit(s)
Designates new or occasional course material that may or may not become part of the department's permanent offerings. This course addresses a timely topic, consistent with an instructors' particular interest.
Offered: As Needed Contact Department

BUAN 402 FINANCIAL MODELING IN PYTHON   3.0 Credit(s)
Python is a very powerful programming language that is widely used in the financial industry. This course will equip students with the programming knowledge and skills in Python to solve practical problems in quantitative finance. Specifically, students will learn how to conduct time-series and cross-sectional analyses with real-world financial data, apply and implement financial models in Python, formulate and code up simple algorithmic trading strategies, and eventually evaluate that strategy's performance and test its robustness. This course includes multiple hands-on coding exercises and projects with a focus on financial applications. Some familiarity with basic statistical and programming (in any language) concepts is necessary. Pre-requisite: BUAN 301 Prerequisite: Take BUAN-301 or CS-111
Offered: Spring Semester All Years

BUAN 404 MACHINE LEARNING FOR BUSINESS   3.0 Credit(s)
This introductory course uses python and gives you an overview of different techniques in machine learning and how it can be applied to economics. The machine learning topics include classification, linear and non-linear regressions, decision trees, and neural networks. This course will give students the basic knowledge behind these machine learning methods and the ability to utilize them in an economic setting. In this course, students will start with a review of fundamentals of Python programming, including developing environment, language syntax, variable types, data structure, and functions. This course use case studies and examples from economics to illustrate the realistic use of machine learning. Prerequisite: Take BUAN-301 CS-111
Offered: Fall & Spring Semesters All Years

BUAN 518 INTRODUCTION TO STATISTICS   3.0 Credit(s)
This course employs extensive use of data and statistical methods to support and improve organizational decision-making. Topics include data visualizations, descriptive statistics, probability distributions, sampling, confidence intervals, hypothesis testing, regression analysis, and the use of computer software for statistical applications. The primary focus will be on the flexibility of the analysis, and the ability to present the results in an intuitive and understandable manner for greater organizational impact. The ethical issues related to big data will also be discussed.
Offered: All Semesters All Years

BUAN 520 INTRODUCTION TO HEALTHCARE   3.0 Credit(s)
Introduction to organization, economic, culture, policy, and terminology of healthcare for non-health professionals. This also introduces the students to fundamental terminology, practices, and processes found in clinical and business operations.
Offered: Late Spring Semester All Years

BUAN 617 ARTIFICIAL INTELLIGENCE FOR BUSINESS   3.0 Credit(s)
Foundational principles making computers learn, plan, and solve problems autonomously; and driving modern intelligent agents on real-world applications for contemporary problems, such as deep learning, data flows, and autonomous driving.
Offered: All Semesters All Years

BUAN 651 INTRO TO DATA AND PROGRAMMING   3.0 Credit(s)
This course introduces fundamentals about data and the standards, technologies and methods for organizing, managing, curating, preserving, and using data. The course will teach students the use of software such as Python for data manipulation, analysis and visualization. The course also incorparates broader issues surrounding data, including technologies, behaviors, organizations, policies, and society. Special attention will be given to ethical issues surrounding data, soical and historical perspectives on data with ethics and policies to help students develop a workable understanding of current ethical issues in data science. Finally, the ethical issues will be addressed that arises throughout the lifecycle of data - from collection to storage to analysis and application.
Offered: Fall & Spring Semesters All Years

BUAN 655 DATABASE MANAGEMENT   3.0 Credit(s)
To compete in a data-driven world, data analytic skills and database skills are key. Before data is analyzed, correct data first needs to be chosen and pulled from a database within your organization or your client's organization. While the term big data is influenced by the rise of unstructured data (no-SQL database), structured data (SQL/relational database) remains a large and important component because structured data is driven by business processes and workflows. This course mainly focuses on process-driven/structured data and a relational database. This course is not designed to develop database building skills. A large focus of this course is placed on an understanding of database schema (or how business data is collected in relation to other business data) and SQL coding techniques for selecting the right data for the purpose of further analysis.
Offered: Fall Semester All Years

BUAN 660 APPLIED STATISTICS   3.0 Credit(s)
This course introduces students to basic mathematical and statistical methods and models, as well as their software applications for solving business problems and/or in making decisions. Included topics are linear regression, analysis of variance, introductory time series analysis & forecasting and several advanced applications of the general linear model. This course uses numerous case studies and examples from economics, finance, marketing, operations and other areas of business to illustrate the realistic use of statistical methods. Prerequisite: Take BUAN-651
Offered: All Semesters All Years

BUAN 665 DATA VISUALIZATION   3.0 Credit(s)
Visualizations are graphical depictions of data that can improve comprehension, communication, and decision making. This course is an introduction to the principles and techniques for data visualization. In this course, students will learn visual representation methods and techniques that increase the understanding of complex data and models. Emphasis is placed on the identification of patterns, trends and differences from data sets across categories, space, and time. Prerequisite: Take BUAN-651
Offered: All Semesters All Years

BUAN 670 DATA MINING   3.0 Credit(s)
Data mining involves decision making by detecting patterns, and cluster analysis. This course introduces data mining techniques, real-world applications and its challenges. A number of well-defined data mining tasks such as classification, estimation, prediction, affinity grouping and clustering, and data visualization will be discussed. The course will provide students with a sound understanding of how to utilize data mining to enhance business productivity in a variety of business applications. Prerequisite: Take BUAN-660
Offered: All Semesters All Years

BUAN 675 GLOBAL SUPPLY CHAIN ANALYTICS   3.0 Credit(s)
In this course, students learn the concepts and development of analytical model building as used in global supply chain decisions. Topics include forecasting and inventory management, sales and operations planning, transportation, logistics and fulfillment, purchasing and supply management, supply chain risk management, etc. in manufacturing, trade and service industries. Students learn to define the right data set, ask the right questions to drive supply chain efficiency and business value and use the right models and tools to develop data-driven decisions. Software packages such as Python will be utilized.
Offered: Spring & Late Spring Semesters All Years

BUAN 678 HEALTHCARE DATA ANALYTICS   3.0 Credit(s)
This course is designed to equip students with the analytics skills to select, prepare, analyze, interpret, evaluate, and present clinical and operational data to support data-driven business decision making in healthcare for the purposes of improving outcomes (effectiveness, quality, efficiency). Students will learn and understand how to explore the use of predictive modeling and analytics, optimization, and business intelligence to support data-driven decisions pertaining to healthcare. Topics includes methods for descriptive analytics, data analysis with publicly available healthcare datasets, and an introduction to predictive analytics in healthcare.
Offered: Fall, Spring & Late Spring Sem All Years

BUAN 680 PRICING AND REVENUE ANALYTICS   3.0 Credit(s)
Pricing and revenue analytics is a set of practices and tools that firms use to optimize product & service choices, pricing, and promotion strategies. Students will be able to identify and develop opportunities for revenue optimization in different business contexts including the retail, telecommunications, entertainment, financial services, health care, manufacturing, among others. Adoption of these modeling techniques in the on-line advertising, online retailing, and online markets will also be discussed. Prerequisite: Take BUAN-651
Offered: All Semesters All Years

BUAN 681 FOUNDATIONS OF FINTECH   3.0 Credit(s)
The objective of the course is to learn about FinTech - the technologies that are disrupting traditional financial services - and how it is changing areas such as mobile payments, trading, lending, capital markets, and asset management. The course will survey emerging issues in FinTech, enabling students to understand key transformations happening in the financial services industry and the trends that will impact the industry in the future.
Offered: All Semesters All Years

BUAN 682 DIGITAL CURRENCIES: BLOCKCHAIN & CRYPTO   3.0 Credit(s)
Course Title - Digital Currencies: Blockchain and Cryptocurrency We will cover the mainstream blockchain-based digital currencies (e.g., Bitcoin, Ethereum, and Uniswap), stable coins (e.g., MakerDAO, USDT, etc.), as well as Non Fungible Tokens (NFT). We will also discuss the Central Bank Digital Currency (CBDC) and its interdependency with blockchain technology. We will focus on the financial aspects of digital currencies, including valuation, trading, liquidity, investment, collection, and regulation. Students will create their own digital currencies.
Offered: All Semesters All Years

BUAN 683 AI AND FINTECH IN FINANCIAL MARKETS   3.0 Credit(s)
Course Title - Artificial Intelligence and Financial Technology in Financial Markets. We will cover a variety of applications of AI and Fintech in the financial markets, including streamlining credit and loan transactions, automating and personalizing financial services, predictive analysis for investment and risk management, fraud detection and regulatory compliance, as well as direct and cost-effective fundraising. Students will create their own crowdfunding projects through ICOs and NFTs.
Offered: All Semesters All Years

BUAN 684 MACHINE LEARNING IN FINANCE   3.0 Credit(s)
This course is focused on the subsequent financial use cases: Risk management, credit scoring, fraud detection, unstructured big data insights (NLP), consumer sentiment, social finance and product evaluation. In addition to supervised (e.g., classification and prediction) and unsupervised (e.g., clustering) machine learning, students will gain knowledge of causal machine learning and apply it to solve problems associated with the aforementioned use cases.
Offered: All Semesters All Years

BUAN 685 BUSINESS STRATEGY & ANALYSIS   3.0 Credit(s)
This course explores the strategic role of analytics and business intelligence in an organization. Students will learn to evaluate the strategic environment of an organization, use strategic models to formulate a strategy and the implementation of that strategy. The course will then emphasize the interplay between analytics and strategic considerations in an organization. Students will learn the practicual application of analytics to formulate an organization's strategy and reversely the influence of the organization's strategy to nature of the analytics within the organization.
Offered: Fall, Spring & Late Spring Sem All Years

BUAN 690 APPLIED ANALYTICS PRACTICUM   3.0 Credit(s)
The course utilizes an integrative team project that gives students the opportunity to demonstrate an understanding of the core competencies taught throughout the program and apply them to real business concerns. Prerequisite: Take BUAN-651
Offered: All Semesters All Years

DBF 900 BUS. STRAT. ETHICS & RESRCH BUSINESS STRATEGY, ETHICS & RESEARCH   1.5 Credit(s)
This DBA orientation seminar introduces students to the requirements of writing research papers. It also elaborates on the nature, uses, and objectives of doctoral level applied research. Students learn how to construct arguments, devise and test analytical models, and write publishable studies.
Offered: Fall Semester All Years

DBF 901 CAREER TRANSITION SEMINAR   3.0 Credit(s)
A program-concluding special seminar that overviews career trajectories for DBA in Finance graduates in both business and academic institutions. It also covers professional networking strategies.
Offered: Fall Semester All Years

DBF 903 COMPREHENSIVE EXAMINATION   0.0 Credit(s)
Comprehensive exam is aimed at testing a student's proficiency in the major finance concentration areas. It measures a student's general progress and competence in the knowledge of advanced concepts, theoretical precepts and analytical techniques in the field of finance.
Offered: Late Spring Semester All Years

DBF 904 DOCTORAL THESIS DEFENSE   3.0 Credit(s)
The doctoral dissertation is the final requirement within the educational framework of the SHU DBA in Finance program. The doctoral dissertation needs to fulfill three major objectives: a. Reflect on the doctoral candidate's advanced knowledge in the discipline of finance; b. Demonstrate the candidate's applied financial research proficiency; c. Design an original, novel solution to practical problem which will contribute to best practices in finance. Prerequisite: Take FN-911
Offered: Late Spring Semester All Years

DBF 905 AI IN BUSINESS RESEARCH   3.0 Credit(s)
Traditional and generative Artificial Intelligence models are overviewed along with their role in business research. The course provides a coherent perspective on various computational models of learning, reasoning, formulation of business strategy and decision-making. A particular focus is on causal inference, formal logic and probabilistic decision-making with research applications. Modern AI models are applied to marketing strategies, accounting analyses and predictions of financial market trends. Ethical dimensions of AI and Machine Learning are extensively discussed.
Offered: Spring Semester All Years

EC 101 INTRODUCTION TO ECONOMICS   3.0 Credit(s)
Introductory course for the non-Business major. Provides a foundation in the workings of the economy. Describes and analyzes major concepts and issues of macroeconomics and microeconomics. Examines key institutions including the Federal Reserve System, corporations, and labor unions. The course is open to non-Business majors only.
Offered: Fall & Spring Semesters All Years

EC 202 PRINCIPLES-MICROECONOMICS   3.0 Credit(s)
This course introduces microeconomic concepts such as supply and demand analysis, theories of the firm and individual behavior, competition and monopoly, welfare analysis, and labor market. Students will also be introduced to the use of microeconomic applications to address problems such as the role of government, environmental policies, insurance markets, and income distribution.
Offered: Fall, Spring & Summer Sems All Years

EC 203 PRINCIPLES OF MACROECONOMICS   3.0 Credit(s)
This course introduces macroeconomic concepts and analysis of unemployment and inflation within the context of the business cycle, the determinants of economic growth, the role of interest rates in savings and investment, the interaction of money and the banking system, and corrective monetary and fiscal policies. Students gain an international perspective by assessing the role of international trade and exchange rates in the modern global economy. A prerequisite to EC 301, EC 302, EC 303, EC 316, EC 321, EC 342, EC 373, and EC 399 Prerequisite: Take EC-202 AND MA-106 OR MA-109 OR MA-110 OR MA-151
Offered: All Semesters All Years

EC 211 ECONOMICS OF SOCIAL ISSUES   3.0 Credit(s)
Course for non-business majors. Applies basic economic principles to analyze social issues. Topics include prices and the allocation of resources, the role of incentives, free trade, economic growth, market failure, the distribution of wealth and income, healthcare, crime, and education.
Offered: Spring Semester All Years

EC 295 CONTEMPORARY TOPICS IN ECONOMICS   3.0 Credit(s)
This course explores contemporary topics in economics in a study abroad context. Students will study the basic economic principles that addresses allocation of scarce resources. At the local level, students will explore social issues such as provision of healthcare and education, the role of demographics and migration in production and politics, and the impact of government policies that address market failures. Students will also explore the positioning of the nation in the global economy, evaluating the institutional infrastructure and the role of international trade and finance in the promotion of economic growth.
Offered: As Needed Contact Department

EC 299 SPECIAL TOPICS IN ECONOMICS   1.0-6.0 Credit(s)
Designates new or occasional courses that may or may not become part of the department's permanent offerings. Courses capitalize on a timely topic, a faculty member's particular interest, an experimental alternative to existing courses, etc. Prerequisites established by the department as appropriate for the specific course. Course title is shown on the student's transcript. Consult the current course schedule for available topics and current prerequisites. Prerequisite: Take EC-203
Offered: As Needed Contact Department

EC 302 GLOBAL FINANCIAL MKTS & INSTITUTIONS   3.0 Credit(s)
This course provides a comprehensive review of the global financial markets, instruments, and institutions. It is designed to expand students' awareness and understanding of the conceptual background for financial decision-making related to corporate finance, banking, and international finance. The first part provides an introduction to financial markets, the attributes of financial assets, and the characteristics of the market participants. The second part includes chapters dedicated to various financial markets, some of which include debt, stock, foreign exchange, real estate, derivatives. Finally, the course discusses the risks faced by investors when they are participating in financial markets. In this course, we will stress practical applications and the impact of current events on financial markets. Prerequisite: Take EC- 203
Offered: As Needed All Years

EC 303 US ECON & MONETARY POLICY   1.0 Credit(s)
This is a one-credit course to learn about U.S. macroeconomics aspects and monetary policy implementation by the Federal Reserve Bank. Selected students will participate in the Fed Challenge competition held in November by the Eastern Economic Association with partnership of New York Federal Reserve Bank. Students learn to work in a team environment, conduct research in macroeconomics, write short papers on economic topics, and conduct data analysis to make graphs and tables. In addition, they also learn how to make PowerPoint presentations and give presentations in front of audience. The course is open to Business Economics and/or Finance majors only. Prerequisite: Take EC-203
Offered: Fall & Spring Semesters All Years

EC 304 MONEY & FINANCIAL INSTITUITONS   3.0 Credit(s)
This course overviews the global financial markets and institutions. It examines the regulatory framework and asset/liability management at commercial banks and other financial institutions. It analyzes the significance of money, credit, and interest rates as well as the impact of monetary policy on the economy. Students learn about assessment and management of various types of risks faced by global financial institutions. Prerequisite: Take EC-203
Offered: Fall & Spring Semesters All Years

EC 305 INTERMEDIATE MICROECONOMICS   3.0 Credit(s)
Intermediate Microeconomics builds on foundational microeconomic concepts, offering an in-depth exploration of exchange and production. The course emphasizes the analytical tools essential for understanding economic behavior and market outcomes. At its core, the course cultivates an understanding of microeconomics not merely as a set of questions and answers, but as a systematic way of analyzing individuals and the social order that arises from their actions. Prerequisite: Take EC-203
Offered: Fall & Spring Semesters All Years

EC 306 INTERMEDIATE MACROECONOMICS   3.0 Credit(s)
Intermediate Macroeconomics builds upon the principles of macroeconomics, offering a deep and rigorous examination of economic progress and business cycles. This course uses a mix of theoretical models and real-world data to explore the essential structure and interrelationships among key macroeconomic variables such as national income and output, inflation, unemployment, and macroeconomic policy. Prerequisite: Take EC-203
Offered: Spring Semester All Years

EC 308 THEORIES OF POLITICAL ECONOMY   3.0 Credit(s)
Examines the foundation of and challenges to market capitalism. The role of political actors, shortcomings of the market, and the trend toward globalization are emphasized. Seminal works of Adam Smith, Karl Marx, and other economic theorists are explored.
Offered: As Needed Contact Department

EC 313 MANAGERIAL ECONOMICS   3.0 Credit(s)
Analyzes the structure of industry, business firms, and the application of analytical tools of economics to decision-making. Topics include the determination of relevant costs for decisions within the business firm, pricing and capital budgeting problems, risk and uncertainty, and cases involving actual managerial situations that require the use of economic analysis. Prerequisite: Take EC-202 and MA-131 and one of the following:ýMA-101, MA-105, MA-107, MA-109, MA-110, MA-151
Offered: Fall & Spring Semesters All Years

EC 315 GAME THEORY   3.0 Credit(s)
Game theory is the study of strategic situations - those where the best course of action depends on actions of other economic agents. Several perfect applications of game theory naturally occur in the business world where almost every decision is strategic, i.e., made keeping in mind the actions of competitors. Thus, to be successful in understanding and crafting complex and important business decisions, one must understand how to "play the game". This course will introduce students to the science of strategic interactions as they occur in the business world. Students will learn the basics of game theory, as well as its the applications to real world business situations such as auctions, pricing under imperfect competition, first mover advantage, bargaining and negotiations, signaling and screening, incentive pay, etc. The class will alternate between developing the tools of game theory one week, and analyzing interesting applications of that theory next week using online games and case study analysis.. Prerequisite: Take EC-203 Principles of Macroeconomics 3
Offered: Spring Semester All Years

EC 316 INTERNATIONAL ECONOMICS   3.0 Credit(s)
This course examines basic theories of international trade, modern trade policies, and international finance. It overviews the changing global business patterns, with a special focus on new economic and regulatory policy challenges in the aftermath of the first global recession of the 21st century. Students who master the course material will gain knowledge and skills for succeeding both in the public sector institutions and in international business organizations.
Offered: Fall & Spring Semesters All Years

EC 320 HEALTH ECONOMICS   3.0 Credit(s)
This course introduces the application of economic theory to the production of health and healthcare services. Students will investigate the demand for medical care and the roles of moral hazard and adverse selection in the health insurance market. They will analyze the differences in pricing and utilization across healthcare systems (HMO, PPO, POS), markets for physicians, hospital and pharmaceutical services, as well as the role of the government in the regulation and administration of healthcare. Students will also learn the decision-making tools used in the economic evaluation of healthcare interventions. Prerequisite: Take MA-131 or higher, or EX-230
Offered: Fall & Spring Semesters All Years

EC 321 LABOR ECONOMICS   3.0 Credit(s)
Applies the fundamentals of microeconomic and macroeconomic analysis to important decisions that people make in labor markets. Topics include the understanding of the wage and employment determination in the labor market, the wage differential, investing in human capital (i.e., education and training), labor mobility (including immigration), discrimination, unions, and unemployment. The course will cover both theoretical and empirical aspects of these issues. Prerequisite: TAKE EC-203
Offered: As Needed Contact Department

EC 342 EUROPEAN ECONOMIC DEVELOPMENT   3.0 Credit(s)
Applies the fundamentals of microeconomic and macroeconomic analysis to important decisions that people make in labor markets. Topics include the understanding of the wage and employment determination in the labor market, the wage differential, investing in human capital (i.e., education and training), labor mobility (including immigration), discrimination, unions, and unemployment. The course will cover both theoretical and empirical aspects of these issues. Prerequisite: Take EC-203
Offered: As Needed All Years

EC 362 MONEY AND BANKING   3.0 Credit(s)
Money and Banking provides an in-depth examination of the US monetary system using a powerful combination of theory, history, and empirical analysis. The topics covered include the history and function of money, the development and role of commercial banking, and US central banking and monetary policy. Prerequisite: Take EC-203 Principles of Macroeconomics 3
Offered: Fall & Spring Semesters All Years

EC 373 PUBLIC FINANCE   3.0 Credit(s)
Examines the role of the public sector in the economy. Provides an understanding of the reasons for government intervention in the economy, the extent of that intervention, and the response of private agents to the government's actions. Analyzes both the taxation and the expenditure sides of the government budget. Discusses the impact of taxes on income distribution and explores the expenditure programs, their nature, importance, purposes, and economic effects. Prerequisite: Take EC-203
Offered: As Needed Contact Department

EC 381 ECONOMETRICS FOR BUSINESS   3.0 Credit(s)
The course focuses on the application and interpretation of econometric techniques with real-world applications in economics, finance, and business. The course will cover less theoretical aspects of the econometric tools while emphasizing the use of suitable computer software to gain knowledge and experience in business and economic research. The class is divided in four parts: Statistical Estimation and Inference, Ordinary Least Squares (OLS), Advanced OLS models, and Limited Dependent Variables. Prerequisite: Take EC-203
Offered: Fall & Spring Semesters All Years

EC 390 ECONOMICS INTERNSHIP   3.0 Credit(s)
Students are directly involved in various practical applications of economics and finance knowledge to a specific industry or organization. The emphasis is on acquiring hands-on skills. An on-site professional supervises students. Prerequisite: Take EC-201 or 203 and EC-202
Offered: Fall, Spring & Summer Sems All Years

EC 491 QUANTITATIVE METHODS   3.0 Credit(s)
Aimed at developing advanced quantitative skills needed for modern economic and financial analyses. The course covers the fundamental of regression analysis as well as regression with panel data and binary dependent variable. Time-series multivariate regression is also examined including cointegration tests, ARMA procedures, and causality tests. Computer applications of econometric programs are required. Prerequisite: Take MA-131 or MA-133
Offered: Fall & Spring Semesters All Years

EC 492 ECONOMIC & FINANCIAL FORECASTING   3.0 Credit(s)
Survey and applications of core time-series techniques of economic and financial analysis. Incorporates standard and advanced models of trend, seasonality, and cycles as well as recursive techniques, volatility measures, simulation methods, and stochastic trends. Extensive use of the EViews software program for both modeling and forecasting purposes. Prerequisite: Take EC-491
Offered: As Needed All Years

EC 495 APPLIED ECONOMICS SEMINAR   3.0 Credit(s)
This culminating, seminar-style course synthesizes key elements of intermediate microeconomics, macroeconomics, and econometrics, fostering an exploration of applied economic analysis. Engaging critically with contemporary scholarship in both micro and macroeconomics, this course underscores the power and value of the economic way of thinking. Prerequisite: Take EC-306 EC-381 EC-305
Offered: Fall Semester All Years

EC 699 INDEPENDENT STUDY IN ECONOMICS   3.0 Credit(s)

Offered: As Needed Contact Department

EC ELEC ECONOMICS ELECTIVE   1.0-9.0 Credit(s)

Offered: As Needed Contact Department

EC ELECF ECON. FOUNDATIONAL ELECTIVE   1.0-9.0 Credit(s)

Offered: As Needed Contact Department

FN 215 FINANCIAL MANAGEMENT   3.0 Credit(s)
Provides an overview of the principles and techniques used in financial management and an introduction to financial markets. Topics include time value of money, measures of risk, models for pricing bonds and stocks, financial analysis, capital structure, cost of capital, capital budgeting, and working capital management. Students are introduced to financial problem-solving using Microsoft Excel. Prerequisite: Take AC 221
Offered: Fall, Spring & Summer Sems All Years

FN 281 PRIVATE WEALTH MANAGEMENT   3.0 Credit(s)
This course focuses on the process of personal wealth management. Topics include: establishing personal financial goals, determining risk tolerance, applying efficient frontier analysis, using portfolio concepts for asset allocation, involving risk management techniques, using Monte Carlo simulation to examine uncertainty. Students should be able to implement a plan for their financial goals, as well as plans for others, including possible future clients. Prerequisite: Take FN-215
Offered: Fall & Spring Semesters All Years

FN 296 CAREER DEV & READINESS FOR FN   1.0 Credit(s)
This is a comprehensive seminar-style course which incorporates elements of professional and leadership development, and life skills that are needed to foster optimal professional and personal growth in the field of Finance. The course helps WCOB students organize their academic and internship experiences as well as their trajectory into their careers trough self-assessments, presentations by guest speakers, lectures and workshops. The course also introduces students to the fundamentals of planning and organizing their job search strategies. Emphasis is placed on identification of individual goals, assessment of skillsets, exploration of career options, analysis of the job market, and effective use of employment search tools (resumes, cover letters, interviewing skills, networking and management of career pathways)
Offered: Fall & Spring Semesters All Years

FN 299 SPECIAL TOPICS IN FINANCE   1.0-6.0 Credit(s)
Designates new or occasional course material that may or may not become part of the department's permanent offerings. This course addresses a timely topic, consistent with a faculty member's particular interest. The most recent focus of this course material is on financial risk management.
Offered: As Needed Contact Department

FN 303 GLOBAL FINANCIAL MARKETS & INSTITUTIONS   3.0 Credit(s)
This course provides a comprehensive review of the global financial markets, instruments, and institutions. This course is designed to expand students' awareness and understanding of the conceptual background for financial decision-making related to corporate finance, banking, and international finance. Prerequisite: Take EC-203 and FN-215
Offered: All Semesters All Years

FN 315 INVESTMENTS   3.0 Credit(s)
Introduces students to the various types of investment products and markets both in the United States and globally. Topics include valuation techniques and risk measurements for common stocks, mutual funds, and bonds; use of options; socially responsible investing; and expected returns for each type of investment. Prerequisite: Take FN-215
Offered: Fall & Spring Semesters All Years

FN 320 REAL ESTATE FINANCE   3.0 Credit(s)
Real estate finance prepares students to understand the risks and rewards associated with financing and investing in both residential and commercial real estate. Concepts and techniques include investing, financing, appraising and managing real estate portfolios, leasing, managing property, and managing real estate investment funds (REITs). Appraisal techniques such as sales, cost approach and income approach in real estate appraisal are introduced with Excel Examples. Prerequisite: Take FN-215
Offered: As Needed All Years

FN 330 BEHAVIORAL FINANCE   3.0 Credit(s)
This course provides an analysis of the behavioral biases individuals exhibit and examines the implications for individual investors, investment professionals, corporat finance and public policy. Prerequisite: Take FN-215
Offered: As Needed Contact Department

FN 342 STUDENT MANAGED INVESTMENT FUND   1.0 Credit(s)
This one credit Student Management Investment Fund course provides an opportunity for dedicated and passionate students of investment management an opportunity to earn credits while working to manage the fund. Students learn the basics of asset allocation, research and present securities for investment consideration, track investments and develop recommendations for increasing, reducing or closing positions. Use of S&P Capital IQ for industry research and financial analysis and Bloomberg data are required to successfully complete the course.
Offered: Fall & Spring Semesters All Years

FN 349 ACTUARIAL MATHEMATICS   3.0 Credit(s)
This course will teach students the basic actuarual mathematics in both Life and Property Casualty insurance. It will cover conceptual foundations and practical applications. The course of study will focus on select material from the Society of Actuaries (SOA) Long-Term Actuarial Mathematics Exam and the Casualty Actuarial Society (CAS) Exam 5 - Basic Techniques for Ratemaking and Estimating Claim Liabilities. It encompasses Actuarial computations in pricing ad reserving. The Life material on pricing will instruct the student on the use of Mortality formulas and Life tables in order to price Life Insuarance and Life Annuities. With respect to Property Casualty pricing, the student will learn base rate computations for Property Casualty coverages and also how to derive rate relativities for different rating classes, territories, and limits.The course will cover the basics for computing Life Insurance and Property Casuality Loss Reserves. It will also examine the impact reserve changes have on insurance company financial results and on pension fund financing. Beyond the formulas, there will be discussion of the ethical and professional obligations of actuaries to supply data-based, analytically sound, unbiased best estimates. Many of the problems on quizzes will be taken from prior Society of Actuaries ad Casualty Actuarial Society exams. Prerequisite: Take MA-261 MA-331 FN-215
Offered: As Needed Contact Department

FN 351 CORPORATE FINANCE   4.0 Credit(s)
Corporate Finance expands upon the principles and techniques of financial management to apply the concepts of the maximization of firm value, the time value of money, marginal cash flow analysis and risk to a range of financial management decisions including financial analysis; financial forecasting, valuation, capital budgeting, the determination of the costs of capital, and optimal capital structure. The course uses case studies and emphasizes the design of financial models in Excel to analyze problems in corporate finance. Certification in the Microsoft Excel 77-727 Exam and use of S&P Capital IQ for industry research and financial analysis is required to successfully complete the course. Prerequisite: Take FN-215
Offered: Fall & Spring Semesters All Years

FN 352 CORPORATE FINANCE   3.0 Credit(s)
Corporate Finance expands upon the principles and techniques of financial management to apply the concepts of the maximization of firm value, the time value of money, marginal cash flow analysis; financial forecasting, valuation capital budgeting, the determination of the costs of capital, and optimal capital structure. Prerequisite: Take FN-215 and BUAN-210
Offered: Fall & Spring Semesters All Years

FN 360 Compliance and Risk Management   3.0 Credit(s)
You will develop an understanding of the identification, analysis, and management of risk in business focusing on highly regulated markets and emerging risk areas. You will understand the overlapping risk areas - regulatory, legal, and operational - and how businesses address these areas. You will be introduced to the compliance function in an organization through a discussion of business ethics and moral hazard. The course culminates in a series of case studies of corporate crisis events and a tabletop exercise of a fictitious event where you will navigate through a banking scenario. Prerequisite: Take FN-215
Offered: Fall Semester All Years

FN 375 FINTECH   3.0 Credit(s)
The Fintech course is focused on Decentralized Finance, Blockchain, Cryptocurrency and digital payment systems. You will learn about the challenges inherent in fintech, the opportunities it presents, and the regulations that govern it. Prerequisite: Take FN-215
Offered: As Needed All Years

FN 390 FINANCE INTERNSHIP   1.0-6.0 Credit(s)
The internship is focused on developing job search, interviewing, and career assessment skills while providing practical experience. Students work with a faculty advisor and the career development office to write a rsum, search for and obtain an internship, and work at a site for a minimum of 120 hours. The internship introduces students to the opportunities and rigors of the business environment. Upon completion, students work with the supervisor and faculty advisor to reassess skills and career development plans.
Offered: All Semesters All Years

FN 395 FIXED INCOME SECURITIES   3.0 Credit(s)
This course provides an understanding of the nature of the fixed income securities and financial instruments including discount bonds, coupon bonds, forwards and. The course will focus on yield curve construction, duration and convecity and formal term structure models. In addition, the course will cover options and derivatives such as options of fixed-income securities and interest rate, interest rate swaps including caps, and floors. The goal of the course is to learn how investors measure and manage risk on a disaggregated and aggregated basis. The course will cover interest rate risk, and other risks in fixed income securities such as credit risk, illiqudity risk, and the risks resulting from securitization. Prerequisite: Take FN-315
Offered: Fall & Spring Semesters All Years

FN 399 INDEPENDENT STUDY IN FINANCE   3.0-6.0 Credit(s)

Offered: As Needed Contact Department

FN 402 PRACTICAL PYTHON W APPLICATIONS IN FN   3.0 Credit(s)
Python is a very powerful programming language that is widely used in the financial industry. This course will equip students with the programming knowledge and skillsin Python to solve practical problems in quantitative finance. Specifically,students will learn how to conduct time-series and cross-sectional analyses with real world financial data, apply and implement financial models in Python, formulate and code up simple algorithmic trading strategies, and eventually that strategy's performance and test its robustness. This course includes multiple hands-on coding exercises and projects with focus on financial applications. Some familiarity with basic statistical programming (in any language) concepts is necessary. Prerequisite: TAKE CS-111 OR BUAN-301
Offered: Fall & Spring Semesters All Years

FN 414 ALTERNATIVE INVESTMENTS   3.0 Credit(s)
This course examines key themes and issues related to investing in alternative assets. The course will focus on the investment process and benefits of exploring the world of alternative investments such as investments on hedge funds, private equity, venture capital funds, real estate, and commodities, either directly or through funds of funds. The course will combine theory with practical exercises, allowing students to get a "hands-on" experience. Students will learn about the return-risk characteristics of alternative investments, what attributes to their appeal, and how to construct a portfolio combining alternative investments with conventional asset classes. Prerequisite: Take FN-315
Offered: Fall Semester All Years

FN 415 PORTFOLIO MANAGEMENT   3.0 Credit(s)
This course is designed to provide a sound foundation for the theory and practice of modern portfolio management. Topics include portfolio analysis, capital asset pricing theory, performance measurement, efficient market hypothesis, standard mean-variance theory, and dynamic asset allocation. The goal of this course is to acquaint students with the perspectives and techniques used to solve practical asset allocation problems of institutional investors such as pension funds, mutual funds, hedge funds, and sovereign wealth funds. Prerequisite: Take FN-315
Offered: Fall & Spring Semesters All Years

FN 416 INTERNATIONAL FINANCIAL MGT   3.0 Credit(s)
Explores the principles of financial management from an international perspective. The course provides a broad introduction to the operations of international financial markets and instruments. Students develop an understanding of the workings of international financial markets, the risks of doing business in the international arena, and management of exchange risk exposure. Among the topics covered are foreign exchange markets, foreign exchange risk, management of exchange risk exposure, impact of different exchange rates, taxation systems and inflation rates on financial decisions, project evaluation, and interaction among various national financial markets. Prerequisite: Take FN-215 EC-202
Offered: Fall & Spring Semesters All Years

FN 430 EQUITY RESEARCH AND VALUATION   3.0 Credit(s)
This course provides a framework for understanding the fundamentals of equity research from buy-side and sell-side perspectives. We begin by introducing how to analyze an industry and perform fundamental analysis of a firm by focusing on the key variables impacting the firm. We then turn to valuation methodologies and the components of an equity research report. You'll learn to connect quantitative and qualitative factors and develop a succinct, persuasive investment thesis. The course is case based and requires submission of an equity research report to the Student Managed Investment Fund. Prerequisite: Take FN-315 FN-351
Offered: As Needed All Years

FN 440 FINANCIAL MODELING   3.0 Credit(s)
Students develop financial modeling skills using Microsoft Excel. We introduce best practice modeling principles and provide applications to four common career tracks in finance: private wealth management, investment management, corporate finance and banking. Heavy use of case studies. Prerequisite: Take FN-215 and BUAN-210
Offered: Fall & Spring Semesters All Years

FN 441 FINANCE ANALYSIS   3.0 Credit(s)
Develops students' ability to analyze financial statements to determine both asset value and earning capacity of the public corporation's securities. Requires an understanding of the positive and negative effects of operating and financial leverage, as well as ratio analysis as it concerns the capitalization, stock, and bond markets. Proof of students' ability lies in the preparation of an analysis of annual report of a major publicly held corporation. Prerequisite: Take FN-215
Offered: Fall & Spring Semesters All Years

FN 442 DERIVATIVES & RISK MANAGEMENT   3.0 Credit(s)
Designed to help undergraduate students understand the basic derivative markets such as forward, futures, options, and swap markets. Key concepts needed to price these basic claims, such as the law of one price, the cash and carry arbitrage, and the put call parity, are introduced and explained. Explores the pricing of these claims, as well as arbitrage and hedging in these markets. Prerequisite: Pre: FN-315
Offered: Fall Semester All Years

FN 445 SECURITY INDUSTRY ESSENTIALS   1.0-3.0 Credit(s)
This course provides students interested in careers in Investment Management with the training to sit for the Securities Industry Essential exam. Pre-requisite: FN-315 Prerequisite: Take FN-315
Offered: As Needed All Years

FN 450 INVESTMENT MGT. CAPSTONE   3.0 Credit(s)
This course is required for students selected in the Finance department's Investment Management program. The course parallels the curriculum found in the Chartered Financial Analysts (CFA) Level I examination. Topics include ethics and professional standards, economics, financial statement analysis, equity and fixed income analysis, quantitative techniques, derivatives, and portfolio management. Completion of the course assists the students in preparing for the CFA Level I examination.
Offered: Spring Semester All Years

FN 499 ACTUARIAL MATHEMATICS   3.0 Credit(s)
This course will teach the student basic actuarial mathematics in both Life and Property Casualty insurance. It will cover conceptual foundations and practical applications. The course of study will focus on select material from the Society of Actuaries (SOA) Long-Term Actuarial Mathematics Exam and the Casualty Actuarial Society (CAS) Exam 5 - Basic Techniques for Ratemaking and Estimating Claim Liabilities. It encompasses Actuarial computations in pricing and reserving. The Life material on pricing will instruct the student on the use of Mortality formulas and Life tables in order to price Life Insurance and Life Annuities. With respect to Property Casualty pricing, the student will learn base rate computations for Property Casualty coverages and also how to derive rate relativities for different rating classes, territories, and limits. The course will cover the basics for computing Life Insurance and Property Casualty Loss Reserves. It will also examine the impact reserve changes have on insurance company financial results and on pension fund financing. Beyond the formulas, there will be discussion of the ethical and professional obligations of actuaries to supply data-based, analytically sound, unbiased best estimates. Many of the problems on quizzes will be taken from prior Society of Actuaries and Casualty Actuarial Society exams. Prerequisite: Take MA-261 and MA-331
Offered: As Needed Contact Department

FN 611 RESILIENT & ROBUST PORTFOLIOS   1.0 Credit(s)
Conveys simple decision rules for investing money in the short-term while keeping an eye on the long-term objective of a portfolio. Examines conditions under which a sequence of short-term decisions may lead to the satisfaction of a long-term investment objective, such as retirement.
Offered: Fall & Spring Semesters Contact Department

FN 612 PRIVATE EQUITY & ALTERNATIVE ASSETS   1.0 Credit(s)
This course provides an overview of and discusses the details of different alternative asset classes. Different types of alternative assets, such as private equity, venture capital, real estate,infrastructure and private debt, their strategies, actors and structures applied are presented in thiscourse.
Offered: Fall Semester Contact Department

FN 613 CREDIT RISK   1.0 Credit(s)
The complexity of the global financial system makes understanding risk management essential for anyone working or planning to work in the financial sector. This course specifically covers credit risk, constituting a comprehensive coverage of topical credit risk related issues: credit risk rating, credit risk measurement and credit risk mitigation techniques.
Offered: As Needed Contact Department

FN 614 BAHAVIORAL FINANCE   3.0 Credit(s)
Provides an in-depth discussion of the modern developments in behavioral finance through theory and empirical evidence. Reviews decision-making process along with the different biases and paradoxes that go with it, Prospect Theory and speculative bubbles, as well as other fields (sociology, neurosciences, and philosophy) used to understand financial markets.
Offered: As Needed Contact Department

FN 616 SUSTAINABLE FINANCE   1.0-3.0 Credit(s)
Actors in the financial sector must define and show not only how they create value to society, but how they contribute to securing legitimacy and trust in society and support the financing of the evolving policy environment. This course combines theory with case studies to put concepts into practice.
Offered: As Needed Contact Department

FN 661 GLOBAL FINANCIAL MARKETS & INSTITUTIONS   3.0 Credit(s)
This course analyzes modern financial markets from the risk/management and risk measurement perspective. Presents overviews of key theories and recent developments in international securities markets. Emphasis is on managing risk on the balance sheet at various financial institutions. Implications of monetary policy decisions by international monetary authorities are also examined. Prerequisite: TAKE FN-660 or WGB 603
Offered: As Needed Contact Department

FN 662 CORPORATE FINANCE   3.0 Credit(s)
This course examines corporate finance topics including working capital management, financial analysis, leverage, capital structure, capital budgeting, and valuation. Emphasis is on creating financial models to analyze issues. Prerequisite: Take FN-660 or WGB 603
Offered: Fall Semester All Years

FN 663 GLOBAL INVESTMENTS   3.0 Credit(s)
This course describes the various theories of investments, the limitations of those theories, and the various types of investments available to individual and institutional investors globally, together with their potential returns and risks. The range of alternative investments is covered as well as newer ways of trading securities (e.g., high frequency trading, front running, and dark pools). Students are also required to establish and track three separate portfolios and write a research paper on an ethical aspect of the securities market. Prerequisite: Take FN-660 or WGB-603;
Offered: Spring Semester All Years

FN 665 INTL FINANCIAL MANAGEMENT   3.0 Credit(s)
This course features a study of financial management concepts and techniques applied to international operations. Topics include foreign currency spot and forward trading, exchange rate systems and determination, country risk assessment, taxation and regulatory issues of non-U.S. markets, and sources and uses of funds for multinational corporations.
Offered: Spring Semester All Years

FN 668 PORTFOLIO MANAGEMENT   3.0 Credit(s)
This course develops the student's ability to evaluate securities in the context of a portfolio. Topics include: portfolio construction rules based on risk and return goals, valuation measures, and risk-reduction techniques using derivative products. Prerequisite: Take FN-660 FN-663
Offered: Late Spring Semester All Years

FN 670 MERGERS, ACQUISITIONS & JOINT VENTURES   3.0 Credit(s)
Examines the role of each of these strategies as part of the whole restructuring process faced by corporations in their attempt to compete and grow in the United States and abroad. Emphasis is on each method's strategic and financial advantages. Group analysis of cases and computer applications are utilized. Prerequisite: Take WGB-603
Offered: Late Spring Semester All Years

FN 672 DERIVATIVES & RISK MANAGMENT   3.0 Credit(s)
Featuring an overview of derivative securities and their use in corporate strategy and risk management, this course employs quantitative methods to analyze, design, price, and use derivative instruments in a managerial context. Basic derivative contracts such as forward, futures, options, and swaps are covered, as well as the pricing of these claims, arbitrage, and hedging in these markets. Students apply the analytical models to real-life situations through case studies. Prerequisite: Take FN-660 or WGB-603
Offered: Spring Semester All Years

FN 674 ADVANCED RISK MANAGEMENT   3.0 Credit(s)
The complexity of the global financial system makes understanding risk management essential for anyone working or planning to work in the financial sector. As the real economy is also exposed to financial risk, risk management has become more important to non-financial corporates and institutions. Students will become familiar with financial risk assessment and management and the regulations applicable for financial institutions. They will learn how important market participants, such as banks, insurance companies, pension funds, and mutual and hedge funds are looking at risk measurement and management. Risk mitigation strategies are explained. Various risk types such as market risk (interest rate risk, cross-currency risk, etc.), credit risk, operational risk, and systemic risk are covered, and risk management strategies and instruments are analyzed. Recent risk management topics such as counterparty credit risk for derivatives, central clearing, and collateralization will be covered. Prerequisite: Take FN-673
Offered: Late Spring Semester All Years

FN 675 FINANCIAL COMPLIANCE   3.0 Credit(s)
This course is designed to enable students to understand the laws, regulations, and reporting requirements necessary for financial firms to do business in the United States. It will also serve as an introduction to a career in compliance. Prerequisite: Take WGB-603
Offered: Late Spring Semester All Years

FN 699 SPECIAL TOPICS   1.0-6.0 Credit(s)
Risk management is becoming more important and more complex, while at the same time being viewed by regulators and investors as an essential and integral part of investment governance. The advent of new investment strategies (e.g., hedge funds and private equity) and new investment vehicles (e.g., CDOs and SIVs) has made risk more difficult to measure and manage. This course reviews and assesses various techniques, both quantitative and qualitative, for the measurement and management of risk including how to price credit default swaps, counterparty credit risk, stress testing, and portfolio risk.
Offered: As Needed Contact Department

FN 901 ADVANCED CORPORATE FINANCE   3.0 Credit(s)
The purpose of this course is to provide a background for understanding the major research directions in corporate finance. Topics include theory of the firm, capital structure, external financing decisions, payout policy, agency problems, corporate control and governance, investment decisions, and the role of financial institutions in corporate transactions. Prerequisite: Take DBF-900
Offered: Late Spring Semester All Years

FN 902 ADVANCED ASSET PRICING   3.0 Credit(s)
This course is an advanced treatment of portfolio choice and asset pricing theory. Topics include expected utility maximization, stochastic discount factors, arbitrage, meanvariance analysis, representative investors, and beta-pricing models. Single-period and dynamic models are studied. Prerequisite: tAKE dbf-900
Offered: Spring Semester All Years

FN 903 ADV, STATISTICS & MATHEMATICAL MODELING   3.0 Credit(s)
Students learn in this lab-based course mathematical statistics along with applications to business decisions. The main topics include: probability, random variables, normal and non-normal distribution, hypothesis testing, linear and non-linear regressions, analysis of variance, and nonparametric statistics. A special emphasis is on cross-sectional, panel, and stochastic analyses of financial data. The course material is particularly useful to professionals who aim at quantitative positions at financial institutions and consulting firms. Prerequisite: Take DBF-900
Offered: Fall Semester All Years

FN 904 ECONOMETRIC METHODS   3.0 Credit(s)
The second lab-based quantitative research methods course covers the analytical material comprised within the growing discipline of financial econometrics. The course material encompasses time-series analyses and their applications to financial processes. Students gain foundations of modeling and forecasting key financial variables, including asset prices, returns, interest rates, financial ratios, defaults, etc. They become familiar with modern, state-of-the-art estimation methods of high-frequency financial data. Prerequisite: Take FN-903
Offered: Spring Semester All Years

FN 905 ECONOMETRIC ANALYSIS OF PANEL DATA   3.0 Credit(s)
This course has two parts. The first part provides an empirical overview of econometric techniques using panel data. Topics include specification, estimation, and inference in the context of panel data models that include state and time effects and binary dependent variable. The second part of the course will cover the fundamentals of causality and how to make causal determinations using empirical data. Topics include a variety of causal inference designs and methods, including RCT, difference-in-differences, instrumental variable estimation, and regression discontinuity designs. Pre-req: FN903 Prerequisite: Take FN-903
Offered: Spring Semester All Years

FN 906 GLOBAL FINANCIAL MARKETS & INSTITUTIONS   3.0 Credit(s)
The course examines equity, fixed income, and derivative markets in the global context. The advanced analytical material focuses on modeling market trends, cycles, and volatility. It examines impact of monetary, fiscal, and regulatory policies on market dynamics. It highlights new research on financial crisis, banking, and credit markets. Major risks faced by financial institutions are thoroughly covered. Prerequisite: Take DBF-900
Offered: Fall Semester All Years

FN 907 ASSET PRICING MODELS   3.0 Credit(s)
This is an advanced seminar examining modern theories and concepts in several sub-fields of finance. These functional areas include: A.) fixed income securities, B.) investments, C.) market microstructure, D.) derivative securities, E.) international finance, F.) portfolio management and G) asset pricing models. The course normally covers both seminal and recent literature in one, two, or three of these functional areas. The current selection of the specified areas is consistent with the specific expertise of the departmental faculty and may be expanded in the future. The required readings include a set of appropriate seminal research papers from areas covered in a single course. The seminar will conclude with a specific guided research project conducted in an individual financial institution.
Offered: Spring Semester All Years

FN 909 RESEARCH METHODS & DISSERTATION DESIGN   3.0 Credit(s)
The course provides a survey of modern research methodology in the field of finance. The course material focuses on leading models of financial analyses, seminal studies, recent literature, and bibliographical sources. A special emphasis is on writing skills for advanced financial studies. Students learn to formulate motivation and underlying hypotheses; they gain skills for developing advanced analytical models. The course material also emphasizes advanced estimation techniques of financial models. Students learn to test underlying hypotheses and formulate practical policy conclusions. Prerequisite: Take FN-901 and FN-902
Offered: As Needed Contact Department

FN 910 FINANCE DISSERTATION RESEARCH SEM. I   3.0 Credit(s)
This seminar features interactive in-class, lab-based instruction leading to formulation of a motivation and hypothesis for a specific finance dissertation project. It concludes with the development of a dissertation proposal. Prerequisite: Take DBF-903
Offered: Fall Semester All Years

FN 911 FINANCE DISSERTATION RESEARCH SEM. II   6.0 Credit(s)
This seminar features in-class, lab-based, and individualized instruction emphasizing empirical testing and articulation of policy applications of a specific analytical model or a set of models utilized in a DBA dissertation. Prerequisite: Take FN-910
Offered: Spring Semester All Years

FN 912 EMPIRICAL METHODS IN FINANCE   3.0 Credit(s)
This course is an introduction to empirical research in finance, covering the techniques most often used in the analysis and testing of financial economic theory. The course covers both time-series and cross-section methods. Topics include event studies, empirical tests of asset pricing models, forecasting relationships, return predictability in the time-series and cross-section, asset pricing anomalies, and specification and identification issues in corporate finance. Prerequisite: Take FN-901
Offered: Fall Semester All Years

FN 913 ADV. FINANCIAL RISK MANAGEMENT   3.0 Credit(s)
The course provides a comprehensive overview of various types of financial risk and the techniques employed to manage them. The material covers standard risk identification and measurement models as well as alternative models addressing options and structured credit risks. Real-world complexities of risk modeling are discussed, along with the background on financial innovation, liquidity, leverage, and financial crises. Prerequisite: Take FN-906
Offered: Fall Semester All Years

FN 914 DBA FIELD SEMINAR I   3.0 Credit(s)
The first doctoral field seminar in finance consists of two components: a. several class sessions covering theoretical foundations and the empirical evidence, and b. student field visits at key financial institutions. The first field seminar focuses on US financial markets and institutions.

FN 915 ESG AND CLIMATE FINANCE   3.0 Credit(s)
The new course is due to market trends. ESG and climate finance have become critically important due to regulatory pressures and investor demand. The global recognition of climate change as a significant threat necessitates urgent action to mitigate its impacts. The SEC requires public firms to disclose climate-related information in their annual reports, which has increased focus on how businesses and investors can contribute to sustainable environmental practices. The DBA program will offer this course to equip students with interdisciplinary knowledge to tackle complex challenges in sustainable investing and risk management, as well as the necessary skills to conduct scholarly research in these areas.
Offered: Late Spring Semester All Years

FN 916 ADV. RESEARCH IN CORPORATE FINANCE   3.0 Credit(s)
The seminar covers the newest models and testing methods. It provides an overview of recently published papers in finance journals that help students design analytical studies with a novel content. Prerequisite: Take FN-901
Offered: Fall Semester All Years

FN 917 ESG AND CLIMATE FINANCE   3.0 Credit(s)
This course surveys some classical and recent research literature relating to Corporate Social Responsibility (CSR); Environmental, Social, and Governance (ESG); and Climate Finance-to jump-start research for DBA students. We will highlight recent accounting, management, and finance research, including disclosure, analyst forecasts, and the costs of equity capital and their linkage with ESG and climate issues. The seminar is particularly useful to DBA students with the following backgrounds: specialists in sales and security trading who interact with research departments, and professionals with a background in asset allocation, management, and accounting.
Offered: Late Spring Semester All Years

FN 920 PRACTICUM IN CORPORATE FINANCIAL ANALYSIS   6.0 Credit(s)
Prerequisite: Take DBF-900
Offered: Fall, Spring & Summer Sems All Years

FN 921 Practicum in Financial Markets and INSTITUTIONS   6.0 Credit(s)
It is a guided research study taken by a student with the faculty mentor in financial markets and institutions. Students will examine exhaustively the recent studies advancing knowledge in financial markets and institutions, write their synopses and assist the faculty in collecting data as well as designing and testing analytical models for research projects Prerequisite: Take DBF-900
Offered: Fall, Spring & Summer Sems All Years

FN 922 Practicum in Quantitative Fin Analysis   3.0 Credit(s)
Guided research study taken by a student with the faculty mentor in quantitative finance. Students will examine exhaustively the recent studies advancing knowledge in quantitative finance, write their synopses and assist the faculty in collecting data as well as designing and testing analytical models for research projects. Prerequisite: Take DBF-900
Offered: Fall, Spring & Summer Sems All Years

FN 923 Practicum in Financial Modeling   3.0 Credit(s)
Guided research study taken by a student with the faculty mentor in financial modeling. Students will examine exhaustively the recent studies advancing knowledge in financial modeling, write their synopses and assist the faculty in collecting data as well as designing and testing analytical models for research projects. Prerequisite: Take DBF-900
Offered: Fall, Spring & Summer Sems All Years

FN 924 PRACTICUM IN RISK ANALYSIS   3.0 Credit(s)
guided research study taken by a student with the faculty mentor in financial risk modeling and analysis. Students will examine exhaustively the recent studies advancing knowledge in financial risk, write their synopses and assist the faculty in collecting data as well as designing and testing analytical models for research projects Prerequisite: Take DBF-900
Offered: Fall, Spring & Summer Sems All Years

FN 925 Practicum in Financial Derivatives   3.0 Credit(s)
guided research study taken by a student with the faculty mentor in financial derivatives. Students will examine exhaustively the recent studies advancing knowledge in derivate securities, write their synopses and assist the faculty in collecting data as well as designing and testing analytical models for research projects Prerequisite: Take DBF-900
Offered: Fall, Spring & Summer Sems All Years

FN 930 CONTENP RESEARCH:FINANCIAL ACCOUNTING   3.0 Credit(s)
This course is a research seminar for doctoral students and covers contemporary financial accounting research topics, including earnings management, accounting frauds, financial disclosures, voluntary disclosures, analyst forecasts, mergers and acquisitions, sustainability reporting, accounting-based valuation models, accounting conservatism, CEO compensations, performance evaluation, and financial restatements
Offered: Fall Semester All Years

FN 999 SPECIAL TOPICS IN FINANCE   3.0 Credit(s)
This course is offered as a Special Topics course with topics to vary from semester to semester or section to section.
Offered: As Needed Contact Department

FN ELEC FINANCE ELECTIVE   1.0-9.0 Credit(s)

Offered: As Needed Contact Department

FN ELEC FINANCE ELECTIVE   1.0-9.0 Credit(s)

Offered: As Needed Contact Department

MFIM 600 CALCULUS & LINEAR ALGEBRA   3.0 Credit(s)
This course reviews the basics of mathematics in preparation for advanced courses in the MSFIM program. Topics include multivariate calculus, optimization, integration, differential equations (ODEs and PDEs), linear algebra, and matrix operation.
Offered: As Needed Contact Department

MFIM 601 PROBABILITY & STATISTICS   3.0 Credit(s)
This graduate-level treatment of the theory of probability and mathematical statistics includes probability spaces and finite counting techniques, random variables and distribution functions, density, mass functions, and expectation. The course also examines the standard random variables, multivariate distributions, functions and sums of random variables, limit theorems (weak and strong law of large numbers and the central limit theorem), theory of estimators, maximum likelihood techniques, theory of estimation, hypothesis testing theory, decision analysis, and Bayesian methods.
Offered: As Needed Contact Department

MFIM 636 QUANTITATIVE FINANCE   3.0 Credit(s)
This course introduces advanced methodological tools required to do research in finance and investment analysis. Topics include basic theory of statistical inference with linear models, general linear models, Heteroskedasticity models, time series models, analysis of variance, discriminate analysis, factor analysis, and non-parametric tests. Emphasizes modern portfolio theory. This course will also cover asset pricing models (preferences, utility functions, risk aversion, basic consumption model, the mean-variance frontier, factor models, and robust preferences) and options pricing and risk management (arbitrage pricing in a complete market, delta-hedging, risk measure, and Value at Risk).
Offered: As Needed Contact Department

MFIM 638 FIN ANALYSIS & FIRM VALUATION   3.0 Credit(s)
This course focuses on fundamental analysis and firm valuation. The knowledge and skills required for financial analysis of firms reporting under U.S. GAAP and IFRS are introduced first, followed by techniques for fundamental analysis of an industry and a firm. Techniques to value the enterprise and equity are emphasized with focus on mature firms in developed markets, followed by financial institution, emerging market, and private equity applications. Participants will gain proficiency in spreadsheet analysis, financial models for integrated financial forecast, and valuation. Attention to developing the communication skills needed to effectively communicate the analysis is embedded through cases and presentations. Technology and data, heavy use of Excel, and Bloomberg will be required.
Offered: As Needed Contact Department

MFIM 640 INVESTMENT MANAGEMENT   3.0 Credit(s)
The course is intended to provide an understanding of the role of modern financial theory in portfolio management and to present a framework for addressing current issues in the management of financial assets. Topics to be covered during the semester include trading, valuation, active portfolio management, asset allocation, global diversification, performance measurement, financial derivatives, and fixed income securities.
Offered: As Needed Contact Department

MFIM 641 QUANTITATIVE FINANCE II   3.0 Credit(s)
The course has an emphasis on applications rather than statistical theory, and thus builds on Quantitative Finance I by emphasizing the use of financial data to conduct applied analysis. The aim of the course is to equip students with a working knowledge of important econometric techniques used in financial economics, such as event study, advanced time series analysis, and survival analysis. Substantial emphasis will be placed on the development of programming skills in computer program. The emphasis is on understanding and learning how to apply the econometric tools used by academics and practitioners working in these areas. The course will be helpful for anyone interested in pursuing a graduate degree in a quantitative field, but equally helpful for students interested in working at research institutions or financial institutions. Prerequisite: Take MFIM-636 MFIM-638;
Offered: As Needed Contact Department

MFIM 642 ADV DERIVATIVES & RISK MGMT   3.0 Credit(s)
The course emphasizes modern methods of risk management. Lectures cover risk measurement and estimation, management, control, and monitoring of risk positions. The impact of risk management tools such as derivative securities will be examined. Regulatory constraints and their impact on risk management will also be assessed. This course also provides a comprehensive and in-depth treatment of valuation methods for derivative securities. Extensive use is made of continuous time stochastic processes, stochastic calculus, and martingale methods. The main topics to be addressed include A.) European option valuation, B.) exotic options, C.) stochastic interest rate, D.) stochastic volatility, E.) American options, and F.) some numerical methods such as Monte Carlo simulations. Additional topics may be covered depending on time constraints. Prerequisite: Take MFIM-638 MFIM-636
Offered: As Needed Contact Department

MFIM 644 FIXED INCOME SECURITIES & MARKETS   3.0 Credit(s)
This courses features analyses of U.S. and foreign fixed income markets and describes the various products, where and how they are traded, how they are priced, and how they are used to achieve a variety of financial goals including capital formation, interest rate risk management, and portfolio diversification. Topics covered include treasury, agency, corporate, and municipal bonds; floating rate bonds; mortgage backed securities; term structure modeling; immunization; credit risk management; credit derivatives; and interest rate derivatives including swaps, caps and floors, and swaptions. The course also provides an introduction to the valuation of fixed income securities, the management and hedging of fixed income portfolios, and the valuation and usage of fixed income derivatives. Some of the contracts analyzed in the course include pure discount bonds, coupon bonds, callable bonds, floating rate notes, interest rate swaps, caps, floors, swaptions, inflation indexed bonds, and convertible bonds. The course covers topics such as basic theoretical and empirical term structure concepts, short rate modeling, and the Heath-Jarrow-Morton methodology and market models. Prerequisite: Take MFIM-636
Offered: As Needed Contact Department

MFIM 645 PORTFOLIO MANAGEMENT   3.0 Credit(s)
This course analyzes the theory and practice of modern investment management. Topics include quantitative concepts, portfolio analysis, capital asset pricing theory model, performance measurement, efficient market hypothesis, portfolio management process, use of derivative securities, ethical and legal considerations, and professional standards. The course will also provide students with a concise introduction to recent results on optimal dynamic consumption-investment problems. Lectures will also cover standard mean-variance theory, dynamic asset allocation, asset-liability management, and lifecycle finance. The main focus of this course is to present a financial engineering approach to dynamic asset allocation problems of institutional investors such as pension funds, mutual funds, hedge funds, and sovereign wealth funds. Numerical methods for implementation of asset allocation models will also be presented. The course also focuses on empirical features and practical implementation of dynamic portfolio problems. Prerequisite: MFIM-636 MFIM-638 MFIM-640
Offered: As Needed Contact Department

MFIM 646 ADV. INVESTMENT MANAGEMENT   3.0 Credit(s)
This course provides a solid foundation in the investment field. Considers aspects of accounting, economics, finance, strategic management, strategic marketing, and management science relevant to modern investment analysis. Topics include the analysis and understanding of security markets and the economy, industries, companies, and analysis and valuation of corporate securities. The course teaches students how to develop valuation techniques and technical analysis that is later used to value equities in the major industrial sectors. The variety of geographic, industrial, and other specialized circumstances requires a careful selection of the appropriate valuation methods and the interpretation of different standards of financial reporting and disclosure. The course also prepares students to analyze the firm's prospects based on forecasts of the economic environment, industrial activity, and business cycle; measures of performance and value added (EVA, MVA, CFROI); valuation for closely held companies, mergers, acquisitions, and divestitures; technical analysis; and alternative investments such as real estate, venture capital, investment companies, and hedge funds. Prerequisite: TAKE MFIM-636 MFIM-638 MFIM-640
Offered: As Needed Contact Department

MFIM 647 FINANCIAL REGS. & COMPLIANCE   3.0 Credit(s)
The course covers ethical issues, professional standards, and the code of conduct related to investment portfolio management and private and public sharing of information. This course will also examine regulations covering business ethics and standards of professional conduct in the financial services industry and include discussions of business leadership and professional conduct in the financial services industry. Prerequisite: TAKE MFIM-636 MFIM-638
Offered: As Needed Contact Department

MFIM 648 VALUATION MODELS & PRACTICES   3.0 Credit(s)
This course examines different models and practices for valuing various asset classes ranging from R&D investments to firms, both public and private. Prerequisite: TAKE MFIM-636 MFIM-638 MFIM-640
Offered: As Needed Contact Department

MFIM 649 GLOBAL FINANCIAL MARKETS & INSTITUTIONS   3.0 Credit(s)
This course studies the flow of funds in the short-term and long-term financial markets. Sources and uses of funds, interest rate theory, and the role of the Federal Reserve System and the U.S. Treasury are studied to provide background for interpretation of current developments. Prerequisite: TAKE MFIM-636 MFIM-638 MFIM-640
Offered: As Needed Contact Department

MFIM 650 NUMERICAL METHODS IN FINANCE   3.0 Credit(s)
This course introduces and applies various numerical and computational techniques useful to tackle problems in mathematical finance. Among them are different interpolation methods and their consequences during hedge and root solving techniques and their properties. The focus of this course is the pricing of derivative securities. The PDE (partial differential equation) approach is discussed and stability analyzed. Monte Carlo methods are introduced with various variance reduction techniques and theoretical aspects studied. The course will also include applications to credit derivatives and other fashionable topics if time permits. The course is designed to be both theoretical and practical, dealing with theoretical aspects of the numerical techniques (what works, what does not, and what is popular in the industry and why) using tools from pure and/or applied mathematics with spreadsheet experimentations. In this course, students are challenged in both areas: theoretical (theorems, calculations, proofs) and practical (making spreadsheets that are working, easy to use, and understand). Prerequisite: TAKE MFIM-636 MFIM-638 MFIM-640
Offered: As Needed Contact Department

MFIM 651 REAL ESTATE APPRAISAL   3.0 Credit(s)
This course introduces the basic principles and procedures of real estate appraisal. Topics include the real estate market, principles of valuation, building and site analysis, legal concepts, and the application of the three approaches to real estate valuation. Single family housing and rural lands will be highlighted.
Offered: Spring Semester All Years

MFIM 652 DECENTRALIZED FINANCE (DEFI) & CRYPTO   3.0 Credit(s)
This course covers the technologies, algorithms and practices shattering the long-standing status quo of a financial system built around powerful central authorities. One key mechanism, the "blockchain", will be studied in detail, including technical details of how high throughput is achieved. Finally, we will study cryptocurrencies as one particularly active use of these underlying technologies. Prerequisite: Take MFIM-638
Offered: Spring Semester All Years

MFIM 653 PREDICTIVE ALGORITHMS IN FINANCE   3.0 Credit(s)
This course covers a variety of methods used for predicting the behavior of assets, as well as complete portfolios. We will cover traditional methods ranging from the Capital Asset Pricing Model and its offshoots, to Factor Modeling and Portfolio Simulation, as well as more recent innovations under the broad headings of "Machine Learning" or "Artificial Intelligence". Students will learn how modeling future behavior almost always depends critically on analyzing data, as well as hands on techniques for turning that data into reliable hints about what may happen in the future. Prerequisite: Take MFIM-636 MFIM-640
Offered: Late Spring Semester All Years

MFIM 672 ADVANCE PYTHON W/FINANCIAL APPLICATION   3.0 Credit(s)
This course utilizes the programming knowledge and skills in Python to solve practical problems in quantitative finance. Specifically, students will learn how to conduct time-series and cross-sectional analyses with real-world financial data, apply and implement financial models in Python, formulate and code up algorithmic trading strategies, and eventually evaluate that strategy's performance and test its robustness. Prerequisite: Take BUAN-651
Offered: All Semesters All Years

MFIM 699 SPECIAL TOPICS IN FN & INVESTMENT   3.0 Credit(s)
This course is offered as a Special Topics course in Finance and Investment and the topic will vary from section to section.
Offered: As Needed Contact Department

MFIM 700 INTERNSHIP   3.0 Credit(s)

Offered: As Needed Contact Department

MFIM 703 SPECIAL TOPICS IN MFIM   3.0 Credit(s)
This course features in-depth coverage of a selected issue in finance. Subject matter may vary from semester to semester. Enrollment is limited to facilitate a high level of interaction among faculty and students. Prerequisite: TAKE MFIM-636 MFIM-638 MFIM-640
Offered: As Needed Contact Department

MFIM 704 CFA TUTORIAL   3.0 Credit(s)
This course is required for students in the MSFIM program.  The course parallels the curriculum found in the Chartered Financial Analysts, CFA Level I examination.  Topics include ethics and professional standards, economics, financial statement analysis, equity and fixed income analysis, quantitative techniques, derivatives, and portfolio management.  Completion of the course facilitates the student in preparing for the CFA Level I examination.
Offered: Late Spring Semester All Years

RE 301 FOUNDATIONS OF REAL ESTATE   3.0 Credit(s)
This course provides students interested in careers in managing real estate an understanding of how to identify properties, analyze real estate investments understand and negotiate leases and develop a marketing plan. Property management is covered in detail including how to work with tenants. Basic legal, risk management and economic considerations are discussed. Prerequisite is FN 215. Prerequisite: Take FN-215
Offered: All Semesters All Years

RE 310 PROPERTY MANAGEMENT   3.0 Credit(s)
This course provides students interested in careers in managing real estate an understanding of how to identify properties, analyze real estate investments understand and negotiate leases and develop a marketing plan. Property management is covered in detail including how to work with tenants. Basic legal, risk management and economic considerations are discussed. Prerequisites: RE 301, FN 215, BUAN 210. Prerequisite: Take FN-215 BUAN-210 RE-301
Offered: As Needed All Years

RE 391 EXPERIENTIAL LEARNING IN REAL ESTATE   3.0 Credit(s)
This course provides students pursuing the minor in real estate to earn credit for work experience, licenses earned and other forms of experiential learning.
Offered: Fall & Spring Semesters All Years