Department of Finance and Business Law
FIN 200. Personal Financial Management. 3 credits.
Examines the management of the individual's wealth portfolio, consisting of human capital, real assets, and financial assets and liabilities.
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 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. Prerequisite: ACTG 241 and junior standing.
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.
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. Prerequisite: FIN 345 and 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: FIN 345.
FIN 372. International Finance and Payments. 3 credits.
For course description, see ECON 372.
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 345 and 360.
FIN 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. Prerequisite: MATH 206 or 236.
FIN 410. 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-Schoals and its various derivatives as well as numerical solution techniques such as binomial methods. Prerequisite: FIN 395.
FIN 415. Real Estate Valuation. 3 credits.
The process of estimating the market value of real assets is examined with emphasis on the valuation of income producing properties. Topics include income forecasting, capitalization rates and methods, market analysis and investment valuation methodology. Prerequisite: FIN 370.
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: FIN 345.
FIN 447. Financial Statement Analysis. 3 credits.
A comprehensive treatment of the analysis of financial statements as an aid to decision making. Prerequisite: FIN 345.
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. Prerequisite: 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 and 380.
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 380.
FIN 471. Investment Management. 3 credits.
The study of investment management which brings together economics, capital markets and valuation to form a basis for decision making in financial asset selection, risk/reward analysis, portfolio selection and formation, and hands-on investment activity. Prerequisite: FIN 365.
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. Prerequisite: FIN 450.
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. Prerequisite: FIN 365.
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 department head. (Forms may be obtained in the department office before registration.)
FIN 494. Business Practicum. 3 credits.
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 not be included as a finance or business law elective for the finance major. Applications may be obtained in department office.)
FIN 499. Honors. 6 credits. Year course.
See catalog description entitled "Graduation with Distinction" and "Graduation with Honors."

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Undergraduate Catalog Contents

1996-97 Undergraduate Catalog
Last reviewed: 30 November 1996
Information Publisher: Division of Academic Affairs
James Madison University