231A. Profit-Sector Financial Policy
Identifying and solving financial problems through the use of cases. Stresses the application of financial theory and financial techniques to business problems, using written reports and classroom discussion.
231D. Takeovers, Restructuring and Corporate 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 which 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.
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.
233A. Money and Capital Markets
Application of interest theory and flow funds analysis to the price determination process in the markets for bonds, mortgages, stocks, and other financial instruments. Study of funds flow from credit markets. Analysis of costs of capital in individual industries.
233B. Financial Institutions
This course will introduce the theory and practice of financial institutions and stock exchanges. Main topics covered are deposit insurance and regulation, international banking, market microstructure, and investment banking.
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.
234B. Financial Management of Multinational Corporations
The financial management of multinational firms from the perspective of a financial vice president or a financial officer within the company. Topics include measuring foreign exchange risk, managing the risk with both contractual and operating strategies, foreign investment decisions, capital budgeting and cost of capital in an international perspective, political risk, working capital management, and performance evaluation and control.
238. Special Topics in Finance
Consent of instructor. Intended for master's students. Selected topics in finance theory, empirical studies, and financial policy. May be repeated for credit with instructor change.
239A. Theory of Exchange under Uncertainty
Prerequisites: consent of instructor. Foundations of the theory of exchanges are developed as an introduction to theoretical literatureon 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 Investment under Uncertainty
Prerequisites: course 239A, or consent of instructor. 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
Prerequisites: training in econometrics, and consent of instructor. In-depth study 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.*
239D. Ph.D. Seminar in Corporate Finance
Prerequisites: courses in the 239 series. Intended for Ph.D.students. Advanced topics in corporate finance theory and empirical research. May be repeated for credit with instructor change.