Courses

Undergraduate Minor

 

130A Basic Managerial Finance

Study of financial decision-making by business firms, with emphasis on applications of economic and accounting principles in financial analysis, planning and control. Extensive use of problems with use of varied analytical decision-making.

MBA / FEMBA

 

408 Foundations of Finance

231C Corporate Valuation

Issues and analytical tools relevant for valuing projects, divisions and corporations. Theories of discounted cash flow valuation (DCF) and relative valuation using market multiples. Theories of practice to value different projects, including IPO, mergers and acquisitions, divestitures and private firms. Exploration of how real options affect investment decisions and how they can be identified and valued.

231D Takeovers, Restructuring, Governance

Study of the advantages and disadvantages of corporate mergers, acquisitions and other forms of restructuring. Both theory and empirical studies are reviewed. Considerable use of case studies and tests of merger performance.

231E Managing Finance and Financing the Emerging Enterprise

This course emphasizes the financial, control and investment issues confronting rapidly growing companies in entrepreneurial settings. The main objective of the course is to consider and select financing vehicles that may be appropriate to securing the organization’s money requirements.

232A Security Analysis and Investment Management

Topics covered include security valuation, application of portfolio theory to investment decisions and performance evaluation. Basics of fixed-income portfolio management strategies are also covered.

232B Fixed-Income Market

Introduction to fixed-income markets: institutional arrangements in primary and secondary markets; description and analysis of various types of fixed-income instruments; valuation; fixed-income portfolio management; use of derivative instruments and dynamic investment strategies; asset securitization.

232D Option Markets

The course deals with the organization and role of organized derivative markets, including listed and OTC options and futures: arbitrage and hedging relationships, valuation of derivative trading strategies, and innovations in derivative markets. Students learn fundamentals of hedging and spreading by playing an option trading game and writing a term paper analyzing their trading strategies.

232E Market and Credit Risk Management

Discussion of regulatory environment for both market and credit risk management, data necessary to manage these risks, types of models used for risk management, types of securities and techniques for hedging market and credit risks, performance measurement of risk management systems, and other types of risks that affect risk management, such as operation risk, liquidity risk, commodity risk, weather risk and model risk.

232F Behavioral Finance

Introduction to and explanation of evidence of anomalous return behavior found in U.S. equities markets. Presentation of some paradigms of stock price movements that are rooted in studies from psychology and explanation of trading activity in equity risk-return paradigm. Introduction to some psychological biases that researchers suspect are inherent to investors. Employment of some results from psychology literature to explain irrationalities encountered in finance literature. Presentation of latest evidence on why individual investors trade and how individual and institutional investors form their portfolios.

234A International Financial Markets

Conceptual understanding of the foreign exchange market, the Euro-currency market, the international bond market, and equity markets in various countries. Emphasis is on underlying economic principles, although where relevant, institutional features helpful in understanding the structure and operations of the markets will also be dealt with in detail.

235 Venture Capital and Private Equity

Use of cases to study entrepreneurial finance and venture capital. Analysis of issues faced by entrepreneurs who are setting up new firms, as well as decisions of private equity partnership managers and investors. How transactions are structured and why investors and entrepreneurs choose certain contractual arrangements. Development of understanding for institutional context of private equity finance.

238D Impact (Special Topics in Finance)

Three important recent developments are about to drastically change how we think about money, contracts and trust: mathematics of cryptography, nearly zero cost communication using internet and decentralization of computing. Bitcoin is just the beginning. Smart contracts are next. Finance is about to undergo a revolution.

298D Hedge Funds (Special Topics in Management)

430 Corporate Finance

Consideration of broad range of issues faced by corporate financial managers. Analysis of firm’s investment and financing decisions. Impact on firm of agency costs and asymmetric information. Study of mergers and acquisitions through use of empirical studies. Security design also covered.

457 ASAM

Ph.D. Finance Courses

 

239A Theory of Exchanges under Uncertainty

Foundations of the theory of exchanges are developed as an introduction to theoretical literature on the pricing of capital assets. Primarily intended for Ph.D. students, but well-prepared master’s students may find the course useful in their career preparation.

239B Theory of Exchanges under Uncertainty

Foundations of theory of firm capitalization and investment decisions are developed, with special attention to questions of exchange and allocative efficiency. Primarily intended for Ph.D. students, but well-prepared master’s students may find the course useful in their career preparation.

239C Empirical Research in Finance

In-depth study of empirical research in the field of finance, statistical methodologies applied to test market efficiency, and asset pricing theory. Primarily intended for Ph.D. students, but well-prepared master’s students may find the course useful in their career preparation.

239XYZ Finance Workshop

Designed for Ph.D. students. Intended to develop ability to critically evaluate finance research. Papers presented in colloquium format by leading scholars in finance. Active participation and intellectual interchange encouraged through discussion of papers in sessions prior to workshop, as well as during colloquium.

EMBA Finance Courses

 

466A Financial Policy for Managers

Limited to Executive MBA program students. Modern financial management deals with decision-making under uncertainty for corporate financial management, portfolio investment decisions, financial institutions and international financial management. Focus on learning sound theoretical tools and applying them in casework.

466B Advanced Financial Policy for Managers

Limited to Executive MBA program students. Modern financial management deals with decision-making under uncertainty for corporate financial management, portfolio investment decisions, financial institutions and international financial management. Focus on learning sound theoretical tools and applying them in casework.

478A Entrepreneurship and Venture Initiation I

Limited to Executive MBA program students. Introduction to basic tools and jargon required for entrepreneurship that requires financing or management of intellectual property. Terminology used by lawyers, accountants, venture capitalists and other investors when forming and financing new companies. Assessment of feasibility of business concept and communication of concept to potential investors, employees and business partners.

Ziman Center Finance Courses

 

180 Introduction to Real Estate Finance and Investments

278A Urban Real Estate Financing and Investing

Investor-oriented course in which real estate and business trends are evaluated to determine alternative real estate investment opportunities. Use of current financial, economic and investment theories and techniques to real estate investment opportunities in case studies and short case problems to illustrate development of investment strategies. S/U or letter grading.

279A Cases in Real Estate Investments

Development of understanding of principal issues involved with real estate investment and finance. Topics include real estate financial analysis and valuation in variety of contexts (single- and multifamily residential, commercial/industrial, shopping center and hotel properties), real estate taxation, real estate law, development process, securitization, REITs and leasing and workout of troubled properties.

279B Entrepreneurial Real Estate Development

Introduction to various aspects of real estate development from perspectives of entrepreneur and investor. Coverage of all types of developments, including single-family, multifamily, hotel, office, retail, and industrial. Industry guest speakers to help reinforce principles taught. Real estate development simulation and group presentations to panel of investors included.

279C Real Estate Economics, Capital Markets and Securitization

Exploration of linkages between real estate, macroeconomy and capital markets. New insights as to structure and practice of macroeconomic regulation, crisis policy formulation and related capital markets and real estate outcomes. Letter grading.

298D Recognizing and Resolving Legal Issues in Real Estate Business (Special Topics in Management)

298E Affordable Housing Development (Special Topics in Management)

298D Advanced Cases in Entrepreneurial Real Estate (Special Topics in Management)