Classes in BUFN
| BUFN740 | Capital Markets (2 credits) | |
| Prerequisite: BUSI640. For majors only. Designed to deepen the foundations necessary to finance focused students, especially those intending to specialize in the quantitative areas of finance including investments, fixed income, and financial engineering. | ||
| ||
| BUFN750 | Valuation of Corporate Finance (2 credits) | |
| Prerequisite: BUSI640. For majors only. Credit will be granted for only one of the following: BUFN714 or BUFN750. Formerly BUFN714. An advanced topics course in Corporate Finance dealing with valuation. Main topics will be, building pro forma statements, cost of capital, using ratios and comparables to value projects and firms, dicounted cash flow valuations, WACC and APV methods of valuation and Real Option Valuations. | ||
| ||
| BUFN751 | Financial Strategy For Corporations (2 credits) | |
| Prerequisite: BUSI640. For majors only. An advanced course in corporate finance, focusing on the issues that firms face when they plan to raise external capital from financial markets. The focus is on the financing problems faced by mid-market to large firms and on capital raised from public markets. The forms of external finance vary from simple debt or equity to more complex securities that bundle with an element of risk management. | ||
| ||
| BUFN754 | Corporate Risk Management (2 credits) | |
| Prerequisite: BUSI640. For majors only. Surveys the theory and practice of financial risk identification, measurement, and mitigation at financial and non-financial firms. Topics will include hedging with options and futures, interest rate risk management, Value-at-Risk (VaR), Cashflow-at-Risk (CaR), Earnings-at-Risk (EaR), credit risk, equity risk, commodities risk, exchange rate risk, and lessons from risk management disasters. | ||
| ||
| BUFN758Q | Special Topics in Finance:Quantitative Investment Strategy (2 credits) | |
| ||
| BUFN760 | Applied Equity Analysis (2 credits) | |
| Prerequisite: BUSI640. For Majors Only. Credit will be granted for only one of the following: BUFN702 or BUFN760. Formerly BUFN702. Students will learn to analyze equity securities using the basic EIC (Economy/Industry/Company) framework used in the financial industry, paying special attention to financial statement analysis. Students also will learn the primary valuation techniques used to estimate market values for equity securities. | ||
| ||
| BUFN761 | Derivative Securities (2 credits) | |
| Prerequisite: BUSI640. For Majors Only. Credit will be granted for only one of the following: BUFN726 or BUFN761. Formerly BUFN726. Standard types of derivatives contracts are presented, and illustrated as to how they are used in practice. The theory of pricing these contracts is then presented in detail. The use of static and dynamic replication strategies, and the concept of no-arbitrage strategies is illustrated in numerous ways. Standard valuation techniques are covered, and standard formulas are presented. The theory is then applied to develop specific pricing and hedging strategies for various types of derivatives on different underlying assets. The management of the exposure of various risks is covered in detail as well. | ||
| ||
| BUFN763 | Portfolio Management (2 credits) | |
| Prerequisite: BUSI640. For Majors Only. Credit will be granted for only one of the following: BUFN700 or BUFN763. Formerly BUFN700. Provides training that is important in understanding the investment process - the buy side of the financial world. Specifically, the objective is to provide graduate-level instruction in the following topics, both in theory and in using financial markets data to test the basic theory and practice of portfolio choice and equilibrium pricing models and their implications for efficient portfolios. | ||
| ||
| BUFN765 | Fixed Incomd Derivatives (2 credits) | |
| Prerequisite: BUSI640. Recommended: BUFN761. For Majors Only. Credit will be granted for only one of the following: BUFN731 or BUFN765. Formerly BUFN731. Surveys fixed income assets and related securities such as Exchange-traded bond options; bonds with embedded options; floating rate notes; caps, collars, and floors; floating rate notes with embedded options. Also surveys advanced tools for interest-rate and fixed-income portfolio management, including the use of derivative securities, and the application of binomial trees for analysis of options, and a sound understanding of stochastic yield curves. | ||
| ||
| BUFN766 | Financial Engineering (2 credits) | |
| Prerequisite: BUFN761 or BUFN726. For Majors Only. Credit will be granted for only one of the following: BUFN735 or BUFN766. Formerly BUFN735. Develop Excel and Visual Basic (VBA) models to solve problems related to portfolio management, options valuation, fixed income securities, interest rate processes, and risk management. This course thus bridges theory with the design of algorithms and models that can be directly applied in practice. | ||
| ||
| BUFN772 | Bank Management (2 credits) | |
| Prerequisite: BUSI640. For Majors Only. Credit will be granted for only one of the following: BUFN722 or BUFN772. Formerly BUFN722. Analyze and discuss readings in bank management,with primary focus on the measurement and management of risk, including credit, market, and interest rate risk. Look at the management of liquid reserves. Examine the special nature of financial institutions, incorporating their functions, policies, services, and regulation. Study the evolving nature of the financial services inductry, by reading the financial press and by having outside practitioner speakers. Focus is on U.S. banks. | ||
| ||
| BUFN773 | Institutional Asset Management (2 credits) | |
| Prerequisite: BUSI640. For majors only. Examines how money is managed by organizations such as university endowments, pension funds, mutual funds, hedge funds, and private equity funds. Involves a mixture of finance and economics and emphasizes the incentives professional money managers face within the context of the organizational structure in which they operate. Particular attention is paid to compensation structures and monitoring mechanisms. | ||
| ||