Department of Finance and Business Law

Dr. Joseph T. Albert, Head

Professors

Albert, Damanpour, Francfort, Hamilton, Hobson, Weaver

Associate Professors

Berry, B. Marshall, D. Thomas, Usry

Assistant Professors

Buetow, Ruscher, Woodard

Instructor

Frazier

Course Descriptions: Finance and Business Law

The Department of Finance and Business Law offers programs leading to the Bachelor of Business Administration degree in finance and the Bachelor of Science degree in quantitative finance.

The finance major is designed to prepare students for careers in the financial management of industrial and commercial enterprises; commercial, retail and mortgage banking; investment analysis and portfolio management; real estate; insurance; finance positions in federal, state and local governments; and graduate study.

Students with a major in this department are strongly encouraged to purchase their own personal computers. Information on suggested hardware is available through the department office.

The required major courses provide all finance majors with an emphasis in financial management. Electives within the major permit students to obtain an additional emphasis in investment analysis or financial institutions.

A concentration in real estate is designed for students seeking real estate-related careers in valuation and analysis, lending, development, corporate real estate, and brokerage, among others.

The Bachelor of Science in quantitative finance is designated for students who are interested in careers in financial engineering and actuarial science. Students in this program will receive a major in quantitative finance with minors in mathematics and economics.

The finance major conforms to the general structure of the B.B.A. degree programs set forth on page 124. The credit-hour requirements for each of the program components are as follows:

Credit
Hours
Core requirements -- B.B.A. 42
Liberal studies courses 44
Other courses required for the major 1 24
Non-business electives 10
120

1 Identified by ( 1 ) below.

Major in Finance (B.B.A. Degree)

First Two Years

During the first two years, students planning to major in finance will complete the lower-level business course requirements and will follow the course schedule set forth on page 125.

Third and Fourth Years

Finance majors will follow the course schedule below to complete the final two years of their program. It is possible to deviate from this program but care must be taken to ensure that all course prerequisites are met.

Junior Year Credit
First Semester Hours
FIN 345. Managerial Finance 3
FIN 360. Money and Capital Markets 1 3
MGT 300. Management Principles 3
Liberal studies courses 6
15
Credit
Second Semester Hours
FIN 365. Intermediate Finance1 3
IDS 360. Production and Operations 3
Management
MKTG 380. Principles of Marketing 3
Accounting elective1 3
Finance elective 3
15
Senior Year Credit
First Semester Hours
MGT 311. Organizational Behavior 3
Finance electives1 6
Finance or accounting elective 1 3
Nonbusiness elective 3
15
Credit
Second Semester Hours
FIN 488. Advanced Financial Policy1 3
MGT 487. Business Policy 3
Finance or business law elective1 3
Nonbusiness electives 6
15

Concentration in Real Estate

Third and Fourth Years

Finance majors seeking a concentration in real estate should follow the course schedule below to complete the final two years of their program. It is possible to deviate from this schedule but care must be taken to ensure that all course prerequisites are met. Students with a concentration in real estate are encouraged to take FIN 210, Principles of Real Estate, as a free elective.

Junior Year Credit
First Semester Hours
FIN 345. Managerial Finance 3
FIN 360. Money and Capital Markets 1 3
MGT 300. Management Principles 3
Liberal studies courses 6
15
Credit
Second Semester Hours
FIN 365. Intermediate Finance1 3
FIN 370. Real Estate Finance 1 3
IDS 360. Production and Operations 3
Management
MKTG 380. Principles of Marketing 3
Nonbusiness elective 3
15
Senior Year Credit
First Semester Hours
BLAW 314. Real Estate Law 1 3
FIN 415. Real Estate Valuation 1 3
MGT 311. Organizational Behavior 3
Finance or accounting elective 1 3
Nonbusiness elective 3
15
Credit
Second Semester Hours
FIN 416. Seminar in Real Estate Investment 3
and Development 1
FIN 488. Advanced Financial Policy 1 3
MGT 487. Business Policy 3
Non-business electives 6
15

Major in Quantitative Finance (B.S. Degree)

The B.S. in quantitative finance is a highly structured program requiring minor fields in both mathematics and economics. Students electing this program should consult with their major adviser as early as possible to identify the appropriate course sequencing. The required courses for the B.S. in quantitative finance are listed below.

Credit
Required core courses Hours
Liberal studies 35
ACTG 241. Financial Accounting 3
Finance 36
BLAW 470. Financial Products: Regulation and Protection
FIN 345. Financial Management
FIN 360. Money and Capital Markets
FIN 365. Intermediate Finance
FIN 380. Elemental and Derivative Securities
Analysis
FIN 395. Mathematical Finance
FIN 410. Securities Pricing
FIN 450. Financial Risk Management
FIN 455. International Finance
FIN 471. Investment Management
FIN 480. Seminar in Financial Engineering
FIN 488. Advanced Financial Policy
Mathematics 25
MATH 235. Analytic Geometry and Calculus I
MATH 236. Analytic Geometry and Calculus II
MATH 237. Analytic Geometry and Calculus III
MATH 248. Computer Methods in Engineering and Science
MATH 318. Introduction to Probability and Statistics
Choose six hours of mathematics to complete the minor. It is recommended that you choose one of the following sequences:
MATH 300. Linear Algebra and
MATH 423. Stochastic Processes
MATH 336. Elementary Differential Equations and
MATH 341. Mathematical Models
MATH 387. Fourier Analysis and Partial
Differential Equations
Economics 18
ECON 131. Principles of Economics (Micro)
ECON 132. Principles of Economics (Macro)
ECON 331. Intermediate Microeconomic Theory
ECON 332. Intermediate Macroeconomic Theory
ECON 385. Econometrics
MATH 322. Applied Linear Regression
Upper-level economics elective
Elective 3
120

College of Business Directory

Undergraduate Catalog Contents


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