MaconCatalog : The Stetson-Hatcher School of Business : COURSES OF INSTRUCTION : FINANCE (FIN)
FIN 211. Personal Finance (3 hours)
Prerequisite: ECN 150 Principles of Microeconomics.
This is an introductory course dealing with application of financial principles to personal and household decision making, stressing on integration of knowledge in issues relating to preparation of Personal Financial Plan (PFP), borrowing, spending, short and long-term investments, income tax and estate planning, retirement, portfolio management and risk management. (As needed)
FIN 362. Principles of Finance (3 hours)
Prerequisites: ACC 204 and MAT 133.
This course is taught from the viewpoint of a corporate financial manager trying to maximize stockholder wealth. Topics covered include functions of finance manager, agency problem, time- value of money, risk and return, bond and stock valuation, capital budgeting, cost of capital, and dividend policy. (Every semester)
FIN 404. Investments (3 hours)
Prerequisites: FIN 362 and STA 126.
The purpose of the course is to evaluate the various financial investments that are available to the investor and to emphasize the risk-return trade off. The main topics covered in the course are stock and bond analysis, securities markets, efficient market hypothesis, behavioral finance and technical analysis. By the end of the course you should have a good understanding of the how the security markets function, the concept of risk and return and how to develop investment strategies. (Every fall)
FIN 406. Seminar in Investment (1-3 hours)
Prerequisites: FIN 362; Declared finance major or finance minor.
The purpose of this course is to impact the analytic, valuation, report writing, and presentation skills of students majoring and minoring in finance. The course comprises analysis of a publicly-traded company or exchange traded fund (ETF) as performed by a professional research analyst, writing a research report, and presentation of research to a panel of experts as well as fellow classmates. The sole purpose for this endeavor is to make an analyst’s recommendation regarding whether to buy, sell or hold a stock or ETF for investment decisions by the students’ managed investment fund (SMIF). Students also learn how evaluate portfolio performance for presentation to the clients. Further, students will learn how to use Bloomberg terminal as well as other databases available through the university library, to analyze a firm. May be repeated for a maximum of 3 credit hours. (Every semester)
FIN 407. Fixed Income Securities (3 hours)
Prerequisite: FIN 362.
Fixed income securities (FIS) are financial assets (principally bonds) that promise a fixed cash flow stream and all related securities whose valuation are influenced by interest rates. This course will equip you with concepts and tools that are useful to managers and investors who want to use FIS either for investing, hedging, market-making, or speculating. It is relatively easy to quantify the pay-offs of FIS since the cash flows are contractually specified, but the subtleties of interest rate changes and credit risk among other risks, make the valuation of bonds particularly exciting and daunting. This course involves a high level of quantitative skill. (Every other year)
FIN 409. Market Analysis and Portfolio Management (3 hours)
Prerequisite: FIN 362.
This course builds on the concepts that you were introduced to in the principles of finance, principles of accounting, principles of macroeconomics, and to a great extent, Investments. Some of the advanced topics covered in this course are evaluation of portfolio performance using composite and multi-factor models, equity portfolio selection strategies, analysis of how macro-economic variables affect stock prices, industrial analysis using economic cycles among others. The course emphasizes the use of real market data and quantitative methods introduced in the course. By the end of the course you should be able to apply the theoretical concepts using real financial data to evaluate performance of selected mutual funds using multiple methods. (Every other year)
FIN 416. Introduction to Risk Management & Insurance (3 hours)
Co-requisite: FIN 362.
This is an introductory course of the risk management and insurance program. It covers the insurance component of the financial planning track. The aim of the course is to introduce the students to the terminology of insurance. To grasp the concept of insurance, students need to review contract law and agency relationships. This course also provided is an overview of the financial services industry. Once these areas have been covered, the course will examine personal property and liability insurance, commercial property and general liability insurance. In addition, there will be a discussion of employee benefits, medical plans, and social insurance programs. (Every year)
FIN 417. Underwriting (3 hours)
Prerequisite: FIN 418 (Property and Casualty Insurance).
This course covers property and casualty underwriting through the principles of underwriting; strategic underwriting techniques; the insurance production environment; and insurance agency management tools and processes. Students will learn to assess whether to accept insurance risks (or groups of risks) and at what price. (Every year)
FIN 418. Property and Casualty Insurance (3 hours)
Prerequisite: FIN 416 (Introduction to RMI).
This course addresses the property and casualty insurance business, markets, and types of companies. The course provides a review of the commercial property and casualty insurance products with a particular focus on the underlying exposure to loss, insurance policy coverage, and exclusions. In addition, this course analyzes the Property/Casualty market and explores current issues in the Property/Casualty insurance industry. This course is closely aligned with the industry designation exam, CPCU 557. (Every year)
FIN 419. Insurance Company Operations (3 hours)
Prerequisite: FIN 416 (Introduction to RMI).
The course covers how property-casualty insurance functions work together to create and deliver products. The various functions covered include: Underwriting; Marketing and Distribution; Risk Control and Premium Auditing; Claims; Actuarial Operations; Information Technology; Reinsurance; and Regulation. This course is closely aligned with the industry designation exam, CPCU 520. (Every year)
FIN 421. Corporate Risk Management (3 hours)
Prerequisite: FIN 362.
This course provides a survey of risk management theory and practice as it relates to corporate risk management. The course begins with the definition and dimensions of risk. The course then takes a detailed examination of the value proposition for corporate risk management (for individuals as well as corporations), examining the operational and financial risks faced by firms and the study of various methods of handling these risks, including loss prevention, risk retention, self-insurance, corporate insurance programs, and capital markets. Students perform a risk management audit of a medium-sized corporation, gaining hands-on experience in analyzing and treating risks. The course then has students apply the risk management process to a publicly-traded corporation. The course concludes with disaster recovery strategies and principles of enterprise risk management. This course is closely aligned with the industry designation exam, ARM 54. (Every year)
FIN 422. Risk Management & Insurance Practicum (1 hour)
Prerequisite/Co-requisite: FIN 416 (Introduction to RMI).
This course enables students working in the insurance industry over the course of a semester to earn one credit hour. Students are required to fulfill all job requirements and to submit an 8 – 10-page paper describing their work responsibilities and the RMI-related skills they acquired. To apply, the student needs to submit a letter describing the proposed practical training opportunity; approval is at the discretion of the instructor. Student’s major must be RMI. Does not satisfy any major or minor RMI requirement. Does not satisfy any free elective credit. Grade will be Pass/Fail. May be repeated once if the student has attained a grade of Pass in a previous semester and supervising instructor approves. (As needed)
FIN 424. Individual Research in RMI (3 hours)
Independent study may be approved to allow a student to pursue an in-depth study of an RMI topic. Acceptable Independent Study topics include traditional research/reading programs as well as rigorous pre-approved internship programs with an appropriate academic component, as defined by the instructor. (As needed)
FIN 426. Special Topics in Risk Management & Insurance (3 hours)
This course is designed to give greater coverage to those risk management and insurance topics that are not covered in great detail in other courses. The prerequisites and topics selected are at the discretion of the instructor. Prerequisites: FIN 416 (Introduction to RMI), or (FIN 362) - depending upon whether the topic relates to ‘insurance’ or ‘risk management’ - and additional courses as determined by the instructor. (As needed)
FIN 427. Alternative Risk Financing (3 hours)
Prerequisite: FIN 362.
The course covers off-shore financing, role of reinsurance, history of alternative risk financing, forecasting risk loss, capital market functions, forming captive insurance companies, and use of derivatives in risk management. This course is closely aligned with the industry designation exam, ARM 56. (Occasionally)
FIN 451. International Finance (3 hours)
Prerequisites: FIN 362 and STA 126.
This course will introduce students to the principles of international finance. Some of the fundamental concepts of corporate finance, as learned in the first finance course, will be applied to a global setting. Moreover, students will be exposed to the mechanics of the international monetary system and foreign exchange rates. (Every spring)
FIN 461. Security Valuation (3 hours)
Prerequisites: FIN 362 and STA 126.
Valuing a firm’s stock properly is one of the most challenging tasks in finance. This course provides an overview of the valuation techniques used by the security analysts. Topics covered include the fundamental common stock selection process, fundamental analysis, cash flow, relative valuation and financial forecasting. Students will be provided with an opportunity to apply their skills by valuing a firm’s equity using the valuation techniques learnt in this course. (Occasionally)
FIN 463. Corporate Finance (3 hours)
Prerequisites: FIN 362 and STA 126.
The course is an in depth continuation of FIN 362. Students will study issues related to agency problem, economic value added, time value of money, capital budgeting, cash flow analysis, cost of capital, capital structure, dividend policy and working capital management. (Every fall)
FIN 470. Derivative Securities (3 hours)
Prerequisites: FIN 362, STA 126, and (MAT141 or MAT191).
This course provides an introduction to various derivative securities. Basic valuation concepts and the use of derivatives for speculative purposes, hedging purposes, and arbitrage are discussed. Special focus is placed on how financial arbitrage is used to price derivatives. The course will also cover implementation of derivatives trading strategies, the functions of derivatives in securities markets, and innovations in derivative markets. (Every year)
FIN 471. Mergers and Acquisitions (3 hours)
Prerequisites: FIN 362 and STA 126.
This course will provide an introduction and an overview of mergers and acquisitions (M&A). Some of the topics to be covered in this course include: M&A environment, regulatory environment, corporate takeover market, M&A valuation and modeling, alternative business and restructuring strategies and financing M&A deals. (Every other year)
FIN 477. Special Topics in Finance (Subtitle) (1-3 hours)
Prerequisites: junior or senior standing.
This course provides an intensive study of some significant topic in finance that is not otherwise covered by the school’s course offerings. Topics will be chosen by faculty in consultation with students who register for the course. (As needed)
FIN 478. Research in Finance (Subtitle) (1-3 hours)
Prerequisites: junior or senior standing and the consent of the instructor.
This course is a research-oriented course focusing on an important topic in finance that is not otherwise covered by the school’s offerings. The course features student research, independent study, and discussion. Topics will be chosen by faculty in consultation with students who register for the course. May be repeated for a maximum of 6 credit hours. (As needed)
FIN 494. Honors Thesis (1 hour)
Prerequisite: admission to the honors program.
This course requires individual research leading to the completion of an honors thesis. Students admitted into the honors program register for one credit hour in each of three successive semesters (including summer). Only grades of satisfactory or unsatisfactory will be assigned. (As needed)
FIN 498. Integrated Case Studies in Finance (3 hours)
Prerequisites: FIN 404, FIN 463, and senior standing.
Emphasis is on corporate financial decision-making through integrated case study analysis that requires integration of the central areas of finance including but not limited to corporate finance, investments analysis, and portfolio and risk management. (Every spring)