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Courses in Finance
FIN 210
Principles of Real Estate
Emphasizes industry principles and economic factors influencing the real
estate business. Subjects include contracts, deeds, valuation,
financing and subdivision development. 3 credits.
FIN 225 Money and Banking
For course description, see ECON 225. 3 credits.
FIN/MATH 328 Time Series Analysis
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. 3 credits.
FIN 345 Managerial Finance
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. 3 credits.
FIN 360 Money and Capital Markets
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. 3 credits.
FIN 365 Intermediate Finance
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. 3 credits.
FIN 370 Real Estate Finance
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. 3 credits.
FIN 371 Principles of Investments
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. 3 credits.
FIN/ECON 372 International Finance and Payments
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. 3 credits.
FIN 380
Elemental and Derivative Securities Analysis
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. 3
credits.
FIN/MATH 395 Mathematical Finance
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. 3 credits.
FIN/MATH 405
Securities Pricing
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. 3 credits.
FIN 416
Seminar in Real Estate Investment and Development
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. 3 credits.
FIN 434 Financing the Emerging Firm
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. 3 credits.
FIN 450 Financial Risk Management
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. 3 credits.
FIN 455 International Financial Management
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. 3 credits.
FIN 460 Commercial Banking
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. 3 credits.
FIN/MATH 465 Seminar in Actuarial Science I
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. 3 credits.
FIN/MATH 466 Seminar in Actuarial Science II
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.
3 credits.
FIN 471 Advanced Topics in Investments
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:
FIN 365 and FIN 371. 3 credits.
FIN 480 Seminar in Financial Engineering
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. 3 credits.
FIN 488 Advanced Financial Policy
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. 3 credits.
FIN 490 Special Studies in Finance
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. 1-3 credits.
FIN 494 Business Practicum
A course to be
taken by graduating seniors to give students an opportunity to work
in and with local industry in order to gain insight into the real
side of modern business. May be included as a finance or business
law elective for the finance major. Applications may be obtained in
finance/business law office. 3 credits.
FIN 499 Honors
For more information, please
consult the JMU
Undergraduate Catalog. 6 credits.
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