Finance

College of Business

FIN 210. Principles of Real Estate. 3 credits.

Emphasizes industry principles and economic factors influencing the real estate business. Subjects include contracts, deeds, valuation, financing and subdivision development.

FIN 225. Money and Banking. 3 credits.

For course description, see ECON 225.

FIN/MATH 328. Time Series Analysis. 3 credits.

Regression and exponential smoothing methods for forecasting nonseasonal and seasonal time series, stochastic processes, Box-Jenkins’ autoregressive and moving average models. Prerequisites: MATH 238 and MATH 318.

FIN 345. Managerial Finance. 3 credits.

Study of theoretical concepts and analytical techniques to aid management decisions on financial problems. Topics include: working capital and fixed asset management for profit, expansion. Prerequisites: COB 242, junior standing (56 hours) and a cumulative 2.0 grade point average in all courses taken at JMU.

FIN 360. Money and Capital Markets. 3 credits.

An examination of the domestic and international markets for financial products. Emphasis will be placed on the theoretical underpinnings of cash flow valuation and basic applications of financial price determination. Corequisite: COB 300.

FIN 365. Intermediate Finance. 3 credits.

In-depth study of the theories of capital structure, long-term financing decisions, working capital management and current topics such as mergers and bankruptcy. Microcomputer applications. Corequisite: FIN 360.

FIN 370. Real Estate Finance. 3 credits.

A comprehensive examination of the decision-making processes involved in purchasing and financing real assets. The focus is on cost of funds and optimal financial structure of complex real estate projects. Prerequisite: COB 300.

FIN 371. Principles of Investments. 3 credits.

The investor’s view of the operation of the capital markets. Theories and practice of investments, including analysis of financial instruments and real assets and their effective combination into portfolios. Prerequisite: COB 300.

FIN/ECON 372. International Finance and Payments. 3 credits.

Examines international financial markets, instruments and institutions; determination of spot and forward exchange rates, interest arbitrage, hedging and speculation; and alternative policies for achieving equilibrium in international payments. Prerequisites: ECON 201 and GECON 200.

FIN 380. Elemental and Derivative Securities Analysis. 3 credits.

This course undertakes an in-depth examination of the broad array of financial instruments, traded in contemporary finance markets, which are available for financing, investing and managing financial price risk. Prerequisite: FIN 360.

FIN/MATH 395. Mathematical Finance. 3 credits.

This course presents an overview of the role of mathematical concepts in financial applications. Topics include continuous time finance, optimization, numerical analysis and applications in asset pricing. Prerequisites: MATH 237 and FIN 380.

FIN/MATH 405. Securities Pricing. 3 credits.

A quantitative treatment of the theory and method of financial securities pricing to include an examination of closed form pricing models such as the Black-Scholes and its various derivatives as well as numerical solution techniques such as binomial methods. Prerequisite: FIN/MATH 395.

FIN 416. Seminar in Real Estate Investment and Development.  3 credits.

An investigation of the investment process in real assets with emphasis on investment profitability. The real estate investment cycle is examined in detail to determine the sources of cash flow to the equity investor and how those cash flows may be maximized. Prerequisite: FIN 370.

FIN 434. Financing the Emerging Firm. 3 credits.

Various sources of financing for new and emerging ventures will be investigated including venture capital and initial public stock offerings. Emphasis will be on clinical studies to reinforce the theoretical principles. Prerequisite: COB 300.

FIN 450. Financial Risk Management. 3 credits.

Forward contracts, futures, swaps and options are treated as the basic building blocks for creating financial risk management programs for companies subject to financial risks such as changes in exchange rates, commodity price fluctuations and changes in interest rates. Prerequisites: FIN 365 and FIN 380.

FIN 455. International Financial Management. 3 credits.

This course focuses on the financial decisions facing the multinational firm. Particular emphasis is placed upon global financial markets and instruments, exchange-rate risk management and asset-liability management in an international environment. Prerequisite: FIN 365 or FIN/ECON 372.

FIN 460. Commercial Banking. 3 credits.

A study of the objectives, functions, policies, organizational practices and government regulation of commercial banks. An intensive study is undertaken of the asset and liability structure of commercial banks. Special emphasis is placed on how banks are adapting to the dramatic changes in their operating and regulatory environments. Prerequisite: FIN 360.

FIN/MATH 465. Seminar in Actuarial Science I. 3 credits.

The course covers the theory and application of contingency mathematics in the areas of life and health insurance and annuities from both a probabilistic and deterministic approach. Together with FIN/MATH 466, the two-course sequence helps to prepare the student for the professional actuarial examinations. Prerequisite: FIN/MATH 395 or consent of instructor. Prerequisite or corequisite: MATH 426.

FIN/MATH 466. Seminar in Actuarial Science II. 3 credits.

A continuation of FIN/MATH 465 with additional coverage of contingency mathematics in the areas of life and health insurance, annuities, pensions and risk theory from both a probabilistic and deterministic approach. The two-course sequence helps to prepare the student for the professional actuarial examination. Prerequisite: FIN/MATH 465. Prerequisite or corequisite: MATH 427.

FIN 471. Advanced Topics in Investments. 3 credits.

Application of investment concepts within a case format. The course focuses on investment management, bringing together economics, capital markets and valuation to form a basis for decision making in financial asset selection, risk/reward analysis, portfolio selection and formation. Prerequisites: Permission of the instructor.

FIN 480. Seminar in Financial Engineering. 3 credits.

Financing engineering is the process of adapting existing financial instruments and developing new ones to meet the needs of participants in domestic and international financial markets. This process is taught within a case and project format in order to simulate actual market participation as closely as possible. Prerequisites: FIN 450 and FIN/MATH 405.

FIN 488. Advanced Financial Policy. 3 credits.

The financing of a new business enterprise or expansion and the  financial condition of existing firms is examined within a case format. The objective of this examination is to elicit a policy decision which effectively addresses the issues identified in the case. Prerequisites:  FIN 365 and senior standing.

FIN 490. Special Studies in Finance. 1-3 credits.

Designed to give capable students in finance an opportunity to complete independent study under faculty supervision. Admission by recommendation of the instructor and permission of the director. Forms may be obtained in the department office before registration.

FIN 494. Business Practicum. 3 credits.

Elective for finance majors offered only during summer between junior and senior year. Students must apply to internship coordinator by the deadline and will obtain credit only if pre-approved by the coordinator prior to the start of the internship. Application deadline will be enforced. See http://www.jmu.edu/finance for application and information. Prerequisites: Minimum GPA of 2.5, application received by the application deadline and approved by the internship coordinator prior to the beginning of the internship.

FIN 499. Honors. 6 credits. Year course.

See catalog description entitled “Graduation with Distinction” and “Graduation with Honors.”

 



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Last Modified: 6/6/2003