Course Descriptions
Department of Social Work
College of Business
| FIN 210. Principles of Real Estate. 3 credits. Offered fall and spring. |
| Emphasizes industry principles and economic factors influencing the real estate business. Subjects include contracts, deeds, valuation, financing and subdivision development. |
| FIN 250. Introduction to Quantitative Finance. 3 credits. |
| A broad introduction to the markets and instruments of engineered finance. The focus of the course is to expose students to the properties and uses of the array of non-traditional financial instruments that are increasingly trading in both the exchange and over-the-counter markets. Prerequisite: MATH 236 or permission of the instructor. |
| FIN/ECON 325. Money and Banking. 3 credits. |
| Examines the economic role of money, banking and monetary policy within current institutional settings and under alternative theories explaining the interrelationships between money, the financial system and economic activity. Prerequisites: ECON 201 and GECON 200. |
| 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. Finance for the Non-Financial Manager. 3 credits. Offered fall and spring. |
| 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 241, junior standing (56 hours) and a cumulative 2.0 grade point average in all courses taken at JMU. Restricted to non-college of business majors. |
| FIN 360. Money and Capital Markets. 3 credits. Offered fall and spring. |
| 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. Prerequisiteor corequisite: COB 300. Not permitted for quantitative finance majors. |
| FIN 362. Financial Analysis. 3 credits. Offered fall and spring. |
| The purpose of this course is to prepare the finance major to use and interpret economic and accounting information that is essential in financial analysis and valuation. This course provides a foundation for further study in managerial finance and investments. Prerequisite: COB 300. |
| FIN 365. Intermediate Financial Management. 3 credits. Offered fall and spring. |
| In-depth study of the theories of capital structure, long-term financing decisions, working capital management and current topics such as mergers and bankruptcy. Computer applications. Prerequisite or corequisite: FIN 360. For quantitative finance majors only, prerequisite: FIN 250. |
| FIN 370. Real Estate Finance. 3 credits. Offered once a year. |
| 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. Offered fall and spring. |
| 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: FIN 250 or FIN 360. |
| FIN/ECON 372. International Finance and Payments. 3 credits. Offered fall and spring. |
| 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 375. Madison Investment Fund Management. 3 credits. Offered fall. |
| The course is an accelerated introduction to the investment environment with a focus on fundamental analysis of stocks, overlay strategies to enhance portfolio performance, and familiarization with the trading and pricing of the wide variety of instruments in the modern financial marketplace. The course is limited to members of the Madison Investment Fund. Prerequisite: Instructor permission with membership in the Madison Investment Fund. |
| FIN 380. Elemental and Derivative Securities Analysis. 3 credits. Offered fall and spring. |
| 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 250 or FIN 360. |
| FIN/MATH 395. Mathematical Finance. 3 credits. Offered once a year. |
| 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. Offered once a year. |
| 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 450. Financial Risk Management. 3 credits. Offered once a year. |
| 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 371 and FIN 380. |
| FIN 455. International Financial Management. 3 credits. Offered fall. |
| 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. Prerequisite: FIN 371. |
| FIN 475. Financial Modeling and Risk Analysis. 3 credits. |
| This course will introduce students to practical methods used to identify, quantify, predict, value, diversify and manage risk in the financial environment. Students will use sensitivity analysis, Monte Carlo and Latin Hypercube simulations, bootstrapping, time series forecasting and dynamic optimization techniques as applied to capital budgeting and structure, pro forma financial statements, multi-objective portfolio allocation, discounted cash flow analysis and real options. Prerequisite: FIN 365 and FIN 371. |
| FIN 480. Seminar in Financial Engineering. 3 credits. Offered once a year. |
| 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. Prerequisite: FIN/MATH 405. |
| FIN 488. Advanced Financial Policy. 3 credits. Offered fall and spring. |
| 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: Open only to finance majors who have completed 105 hours. |
| FIN 490. Special Studies in Finance. 1-3 credits. Offered fall and spring. |
| 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 Internship. 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 498. Special Topics in Finance. 3 credits. |
| The purpose of this course is to provide an opportunity for students to explore areas of current topical interest or to exploit special situations. Course content will vary. For current course content, consult your adviser. Prerequisites: FIN 250 or FIN 360. |
| FIN 499. Honors. 6 credits. Year course. Offered fall and spring. |
| See catalog description entitled "Graduation with Distinction" and "Graduation with Honors." |
Department of Foreign Languages, Literatures and Cultures
Department of Foreign Languages, Literatures and Cultures
Following most course titles and credit hours is the anticipated semester offering, indicating whether a course may be scheduled in the fall, spring or summer semester. This information is provided to help students plan their course schedules. The anticipated semester offering is not the same as the schedule of classes, and the semesters listed are indicative of when the courses may be offered, not a guarantee that the course will be available every semester listed.
A G in bold and italics or an asterisk (*) preceding the course prefix and number indicates a course which potentially meets general education requirements. (If the course is part of a course sequence, the asterisk appears after the appropriate course's prefix and number.) See General Education information.
If a course has a separate laboratory period, the number of lecture hours and the number of laboratory hours per week will be shown in parentheses immediately following the course title.
