Course Descriptions

FN 215 Financial Management 3 CR
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. You will be introduced to financial problem solving using Microsoft excel.  Prerequisite: AC 221

FN 242 Mutual Funds: Operation and Structure 3 CR
Provides a thorough analysis of the mutual fund industry by examining the structure and operation of mutual funds. Topics include: history of mutual funds, types of mutual funds, regulation of mutual funds, portfolio management and equity trading, mutual fund marketing and servicing shareholders. The principle teaching technique is lecture accompanied by class discussions, exercises and case studies.

FN/SM 243 Sport Finance 3 CR
Examines the application of financial methodology for sport enterprises. Emphasis is on understanding the important sources of revenue (e.g., ticket sales, sponsorships) and media as well as the principal expenses of managing a professional team (e.g., salaries). The course also provides insight to the financing of stadiums and arenas and the valuation of teams. Prerequisites: AC 221 and FN 215

FN 299 Financial Risk Management 3 CR
This course overviews standard and alternative financial risk measurement models. It covers a wide range of risk categories including market-, credit-, liquidity, systemic-, counterparty- and other risks faced by financial institutions. It provides the institutional background on financial innovation, liquidity, leverage and financial crises that is crucial for understanding global financial markets. Prerequisite: FN 215.

FN/EC 302 Money and Financial Institutions 3 CR
Studies of the operations of commercial banks and other financial institutions. Examines the significance of money, credit and interest rates. Analyzes the impact of monetary and fiscal policies on the economy. Prerequisites: EC 202 and EC 203

FN 315 Investments 3 CR
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: FN 215

FN 318 Current Problems in Finance 3 CR
Seminar on special current topics in finance. Open to seniors majoring in Finance and to Seniors majoring in Economics, Business and Accounting with permission of the Finance department. Prerequisite: FN 215 or departmental permission

FN 320 Personal Finance 3 CR
Examines the financial planning, management and investment needs of individuals and households as they pursue their financial goals. Topics include: personal budgeting, credit buying, banking and borrowing, home ownership, insurance and investing. Upon successful completion of the course, students should have gained a basic understanding as to how to (1) prepare their personal financial plan or program; (2) budget and control their income and expenses; (3) economically and wisely purchase major expense items such as a house or an automobile; (4) purchase needed insurance thoughtfully and purposefully; and (5) begin a program for retirement and investments so that their personal financial objectives can be reached.

FN 351 Corporate Finance 3 CR
Emphasizes corporate financial management. Covers financial analysis, working capital management, cost of capital, capital budgeting, valuation, and capital structure. Includes extensive use of financial models. Prerequisite: FN 215

FN/EC 390 Internship 3 CR
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 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. Prerequisite: Instructor permission

FN/EC 391 Quantitative Methods in Economics and Finance 3 CR
Aimed at developing advanced quantitative skills needed for modern economic and financial analyses. Time-series multivariate regression is extensively examined as well as co-integration tests, ARMA procedures, causality tests and recursive stability tests. Computer applications of econometric programs are required. Prerequisite: MA 133 or equivalent

FN 416 International Financial Management 3 CR
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. Prerequisites: FN 215 and FN 315 OR FN 351

FN 441 Financial Analysis 3 CR
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: FN 215

FN 442 Derivatives and Risk Management 3 CR
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: FN 215