PDF version of this chapterCourses of Instruction
Finance and Business Economics (FBE)
324 The Financial System (4) Financial intermediaries in the flow of funds; aggregate financial asset analysis; money markets and interest rates; government debt and its economic effects. Prerequisite: BUAD 350 or BUAD 351.
391 Real Estate Finance and Investment (4, FaSp) Introduction to income-producing real estate from the perspective of finance, market analysis, capital markets, development and investment. Includes focus on analytical techniques and computer applications. (Duplicates credit in former FBE 365.) Prerequisite: BUAD 306.
400x Introduction to Real Estate Finance and Development (4, Fa) Case analysis examining economic and financial aspects of real estate decisions for non-business majors. Focuses on dynamics of financing, markets and the development process. Open to all majors. Not available for credit as a senior options course for business majors or for students in the real estate option. (Duplicates credit in former FBE 200x.)
402 Government and Business (4) American mixed capitalism, welfare, market failure, and the role of government in business; regulation and the public utilities, antitrust policy, and current topics in regulation-deregulation.
413 Business and Property Law (2, Sp) Business problems involving law of accountants' liability, bailments, debtor-creditor relations, bankruptcy, community property, real property, titles, conveyancing, liens, inheritance, trusts. Prerequisite: BUAD 403.
416 Managerial Economics (4) Application of microeconomic theory to problems of the firm, quantification of demand and cost relationships; pricing policies. Prerequisite: BUAD 311, BUAD 351.
421 Financial Analysis and Valuation (4, FaSp) This course develops and uses tools of financial analysis to evaluate the performance and assess the value of individual companies in an industry context. Prerequisite: BUAD 306.
425 Management of Financial Institutions (4) Management problems of banks, savings and loans, and insurance companies; pricing of services; branching; lending criteria; asset and liability management.
427 Real Estate Law (4, FaSp) Principles of law regarding real property transactions; buyer-seller, debtor-creditor, landlord-tenant relationships; environmental law and land use control; investments and syndication.
428m Principles of Employment Law (4, FaSp) Comprehensive survey of employment and labor law topics arising in the contemporary American workplace.
431 Financial Policies and Corporate Control (4, Fa) Provide student with a solid foundation in the theory of modern corporate finance. Emphasis on determinants of corporate debt and dividend policies, allocation and value of corporate voting rights and alternative methods of security issuance and retirement. Must have 3.2 GPA to register for course. Prerequisite: BUAD 306.
432 Corporate Financial Strategy (4, FaSp) Linkage between financial theory and policy and corporate strategy, the role of financial managers in developing corporate strategy; applications of concepts and techniques using cases. Prerequisite: BUAD 306.
433 Compensation, Incentives, and Corporate Governance (4, Sp) Explores how value is created (or destroyed) through incentive compensation and corporate governance. Focus on bonuses, stock options, executive compensation, and financing policies. Prerequisite: BUAD 306.
436 Financial Management of Multinational Corporations (4) International scope and dimension of financial planning; working capital management; financing and investment decisions of multinational corporations. Prerequisite: BUAD 306.
437 Entrepreneurial Finance: Financial Management for Developing Firms (4, Fa) Internal financial management of developing firms. Cash flow analysis; capital budgeting; sources of financing; risk analysis; measurement of profits; and mergers and acquisitions. Prerequisite: BUAD 306.
440 Trading and Exchanges (4, Sp) Theories, practices, and technologies of trading at exchanges and in dealer networks. Sources of liquidity, volatility, profitability, and institutional change. Domestic and international public policy issues. Prerequisite: BUAD 306.
441 Investments (4, FaSp) Theories and applications of investment decision-making; the behavior of security prices, portfolio theory, asset pricing models, market efficiency, bond valuation and term structure, derivative securities. Prerequisite: BUAD 306.
443 Introduction to Forecasting and Risk Analysis (4) Introduction to econometric tools and versions of Capital Asset Pricing Models to estimate financial risk, stock market risk premia and to project economic activity. Prerequisite: BUAD 306, BUAD 310.
445 Topics in Economic Analysis of Business Strategy and Policy (4) Development of economic analysis to define and analyze strategy and policy options. Topics may include pricing and investment strategy using game-theory, and employee compensation and motivation, or investment in emerging markets. Prerequisite: BUAD 350, BUAD 351.
446 Advanced Topics in Portfolio Management and Investment Strategy (4) Covers real-world topics in investment theory and practice. It bridges the gap between theory and real-world portfolio management and investments. Prerequisite: BUAD 306.
458 Law and Finance (4, FaSp) Impact of law on finance: business organizations, partnerships, corporations, companies, franchising, securities regulation, mergers, tender offers, antitrust law, negotiable instruments, credit, bankruptcy, and government regulation.
459 Financial Derivatives (4, Fa) A rigorous introduction to the pricing and corporate use of financial derivatives -- futures, options, forwards, and swaps -- on stocks, exchange rates, bonds, and commodities. Prerequisite: BUAD 306.
462 International Trade and Commercial Policy (4, FaSp) Commercial policies and treaty relationships; examination of export-import problems and national policies influencing world trade and finance. Prerequisite: ECON 203, ECON 205.
464 International Finance (4, FaSp) Introduction to the international financial system: foreign currency spot, forward, futures, options markets; exchange rate determination under flexible and fixed rate regimes; foreign exchange risk and elementary hedging techniques; Eurobanking. Prerequisite: BUAD 310.
466 Management of Real Estate Development: Feasibility Studies (4, Sp) By means of a significant real-world case study chosen each term, the development process is examined from the interrelated perspectives of finance, market analysis, and design and construction technology. Team-generated development proposals are proposed and presented in a consulting environment that includes industry participants. Prerequisite: FBE 391 and FBE 470 or FBE 400x.
470 Advanced Real Estate Analysis (4, FaSp) Mixed lecture/case approach covering market analysis, asset valuation, ownership structure, negotiation, asset management, corporate real estate, portfolio management, and affordable housing, appraisal and advanced financial modeling. (Duplicates credit in former FBE 465.) Prerequisite: FBE 391.
489 Real Estate Capital Markets (4, Fa) Topics in real estate capital markets including markets for debt and equity; residential and commercial mortgages and mortgage-backed securities; REITs; institutional sources of capital. Prerequisite: BUAD 306.
516 Economics of Pricing, Compensation and Control (3) Applications of economics to business pricing and compensation decisions. Pricing topics include price discrimination, demand relationships across time and product lines, strategic uses of prices, and antitrust considerations. Compensation topics include incentive alignment, employee risk aversion, human capital investment, and job market signaling. Recommended preparation: GSBA 511.
524 Money and Capital Markets (3, Fa) Review of financial institutions and markets, the determinants of interest rates, the impact of government regulation and policy on the financial system. Prerequisite: GSBA 511; GSBA 521 or GSBA 548; GSBA 526 or GSBA 544 or GSBA 549.
525 Financial Institution Management, Strategy and Valuation (3, Fa) Application of economic and financial analytic techniques to the managerial problems of financial institutions and implications for financial firm strategy and valuation. Prerequisite: GSBA 521 or GSBA 548.
526 Macroeconomic Analysis for Business (3, Sp) The economic environment of business: American economic and social goals and policies and their impact on business; growth, stability, and the new priorities; international forces influencing business.
527 Entrepreneurial Finance: Financial Management for Developing Firms (3, FaSp) Internal financial management of developing firms. Cash flow analysis; capital budgeting; sources of financing; risk analysis; measurement of profits; and mergers and acquisitions. Prerequisite: GSBA 521 or GSBA 548.
529 Financial Analysis and Valuation (3, FaSp) An applications-oriented course to develop the financial and accounting tools required to do financial planning valuation and assessment of financial performance. Prerequisite: GSBA 521 or GSBA 548.
531 Corporate Financial Policy and Corporate Control (3, Fa) Theory of modern corporate finance; determinants of corporate debt and dividend policies, allocation and value of corporate voting rights and alternative methods of security issuance and retirement. Prerequisite: GSBA 521 or GSBA 548.
532 Corporate Financial Strategy (3, FaSp) Linkage between financial theory and policy and corporate strategy; the role of financial managers in developing corporate strategy; applications of concepts and techniques using cases. Prerequisite: GSBA 521 or GSBA 548.
533 Compensation, Incentives, and Governance (3, Sp) How value is created (or destroyed) through compensation and incentive systems. Specific topics include incentive contracts, performance measurement, performance standards, and executive compensation. Prerequisite: GSBA 521 or GSBA 548.
535 Applied Finance in Fixed Income Securities (3, Sp) The basic principles underlying fixed income securities and how these principles apply to the practical aspects of fixed income management. Prerequisite: GSBA 521 or GSBA 548.
543 Forecasting and Risk Analysis (3, Irregular) Application of econometric tools and versions of Capital Asset Pricing Models to estimate financial risk and stock market risk premia for portfolio management. Prerequisite: GSBA 511 and GSBA 521.
552 Economics and Finance of the Entertainment Industries (3, Irregular) Underlying economics and finance of the entertainment industries; focuses on the economic forces that shape and structure the industry and on financial analysis. Prerequisite: GSBA 521 or GSBA 548 and GSBA 511.
554 Trading and Exchanges (3) Theories, practices, and technologies of trading at exchanges and in dealer networks. Sources of liquidity, volatility, profitability, and institutional change. Domestic and international public policy issues. Prerequisite: GSBA 521 or GSBA 548.
555 Investment Analysis and Portfolio Management (3, FaSp) Analysis and management of common stocks and fixed income securities; development of modern portfolio theory and the efficient market hypothesis; organization of securities markets. Prerequisite: GSBA 521 or GSBA 548.
556 Advanced Topics in Portfolio Management (3, Sp) A case-oriented course focused on current changes in the investment industry, risk and analytics of different portfolio strategies, globalization, international diversification, market efficiency and performance measurement. Prerequisite: FBE 555.
557 Legal Environment of Business (3, FaSp) Legal aspects and strategies of business: litigation, negligence and torts, white collar crimes, contracts, sales, internet law, e-commerce, intellectual property, trade secrets, international law, employment, property, inheritance, constitutional law and ethics. (Duplicates credit in former GSBA 557.)
558 Law of Corporate Finance and Management (3, FaSp) Practice aspects and strategies of financing and managing businesses from incubation to going public: corporate and partnership law, LLCs, agency law, internet companies, venture capital, securities and investment law, going public, corporate finance law, mergers and acquisitions, antitrust, credit and bankruptcy.
559 Management of Financial Risk (3, Fa) Analysis of commodity, futures, and options contracts; theoretical and empirical approaches; spot and futures price relationships, speculation and hedging strategies; market efficiency. Prerequisite: GSBA 521 or GSBA 548.
560 Mergers and Acquisitions (3, FaSp) Practical application of the critical components of mergers and acquisitions: deal flow strategies, preliminary negotiations, deal structures, due diligence, valuation, post-merger integration, and regulations. Prerequisite: GSBA 521 or GSBA 548.
562 Current Issues in International Finance (3, Fa) International monetary relations, financial markets, and institutions; theory and evidence of alternative approaches to balance of payments; current policy evaluation. Prerequisite: GSBA 511; GSBA 544 or GSBA 549.
563 Theory of International Trade (3, Sp) Comparative advantage and gains from trade; factor proportions and efficiency; factor price equalization; terms of trade; tariffs, customs, unions and trade agreements. Prerequisite: GSBA 511; GSBA 544 or GSBA 549.
564 International Financial Management (3, FaSp) Financial management of the multinational firm; legal entities and taxation abroad; risk in foreign operations; strategies in foreign exchange, money and capital markets and institutions. Prerequisite: GSBA 521 or GSBA 548.
565 Economics of Urban Land Use: Feasibility Studies (3, Fa) Economic, market and financial analysis related to feasibility of real estate development; theory and case analysis. Prerequisite: FBE 589 or GSBA 511 or GSBA 521 or GSBA 548.
570 Advanced Topics in Real Estate Finance (3, Sp) Current topics in real estate finance including sources of equity and debt, the role of capital markets, REITs, conduits, portfolio analysis, and acquisition of distressed assets. Cases and analytic methods. Prerequisite: GSBA 521 or GSBA 548; recommended preparation: FBE 591.
571 Introduction to Financial Analysis: Practicum (3, Sp) This introductory financial analysis (tools, techniques) practicum, emphasizes practical application of asset valuation and portfolio management techniques for those with little previous experience. (Duplicates credit in FBE 572 and FBE 573.) Graded CR/NC. Prerequisite: GSBA 548 or GSBA 521.
572 Intermediate Financial Analysis: Practicum (3, Sp) This practicum emphasizes asset valuation, including applications of tools and inputs (including economics, accounting, and quantitative techniques) in asset valuation for those with prior experience. (Duplicates credit in FBE 571 and FBE 573.) Graded CR/NC. Prerequisite: GSBA 548 or GSBA 521.
573 Advanced Financial Analysis: Practicum (3, Sp) This is an advanced practicum emphasizing portfolio management skills, including applied strategies (tools, inputs) in equity and fixed-income management for those with extensive prior experience. (Duplicates credit in FBE 571 and FBE 572.) Graded CR/NC. Prerequisite: GSBA 548 or GSBA 521.
588 Advanced Real Estate Law (3, Sp) Legal aspects of real estate transactions; partnerships, syndicates, and other ownership forms. Legal aspects of land use control, zoning and environmental impact reports.
589 Mortgages and Mortgage-Backed Securities and Markets (3, Fa) Valuation and analysis of residential and commercial mortgages and mortgage-backed securities and related markets. Prerequisite: GSBA 521 or GSBA 548.
590 Directed Research (1-12, FaSpSm) Research leading to the master's degree. Maximum units which may be applied to the degree to be determined by the department. Graded CR/NC
591 Real Estate Finance and Investment (3, Fa) Analysis of investment in and financing of real estate assets including projections, valuation, deal structure, contracts, portfolio and tax and entity considerations. Prerequisite: GSBA 521 or GSBA 548.
597 Business Field Project in Finance and Business Economics (1-6, FaSp) Individual or team projects solving real business problems for companies; situation analyses; research proposal composition; field research techniques; statistical analysis; oral and written presentations. Graded CR/NC.
599 Special Topics (1, 1.5, 2, or 3, max 9, FaSpSm) Current developments in the field of Finance and Business Economics; topics to be selected each semester.
652 Financial Economics I (3, Irregular) Doctoral level seminar in financial economics; concentration on corporate finance theory and evidence. Prerequisite: departmental approval.
653 Financial Economics II (3, Irregular) Doctoral level seminar in financial economics; concentration on contingent claims and continuous time models. Prerequisite: departmental approval.
654 Ph.D. Seminar-Empirical Research Methods in Finance (3, Irregular) Empirical financial research methods are introduced. Applications are discussed and critiqued. Special attention is given to new statistical methods and to identifying fruitful research programs. Prerequisite: departmental approval.
655 Financial Economics III (3, Sp) Doctoral-level seminar in financial economics; concentration on the theory of corporate governance and incentives in organizations.