2020-2021 Graduate Bulletin

Finance (FIN)

 

FIN 4000 Financial Modeling and Databases Bootcamp (1 Credit)

This bootcamp is designed to equip students with a firm foundation in financial modeling as well as acquire an adequate command of Excel functionality and efficiency. This course also serves as an introduction to financial databases, mainly centered on the Capital IQ platform, which the student will be using throughout his or her academic and professional career. Topics covered include: Excel modeling best practices, keyboard shortcuts and common functions, financial datasets, and practical modeling applications in finance.

FIN 4110 Ethics in Finance (4 Credits)

The objective of this course is to discuss the ethical issues facing financial institutions and professionals and apply ethical principles to the analysis of these issues.

FIN 4150 Advanced Business Valuation (4 Credits)

Business valuation is at the heart of intelligent decision-making for many areas of finance – corporate finance, investment banking, investment management, private equity, venture capital, personal financial planning, and financial litigation. It is no easy task, but a good understanding of valuation and skill in using valuation to guide business decisions are prerequisites for company success. In this course, students will learn theoretical development, analytical tools and practical approaches to analyze and tackle business valuation issues at the core of the financial professions. The theoretical section of the course provides in-depth coverage of the financial theories and models essential to value businesses. The application section provides students with opportunities to apply the valuation principles and techniques to assess business value and develop strategies to create value in a real-world context.

FIN 4160 Treasury Management (4 Credits)

The objective of the course is to provide students with a comprehensive understanding of how various treasury functions are managed in a corporation and build students' capabilities to assume the role of a proficient treasury manager. Prerequisite: FIN 4630.

FIN 4180 Global Finance (2 Credits)

This course explores financial management in the international arena. Principal content elements include: The market for foreign exchange, interest rate parity, hedging currency risk, international portfolio management. Upon completion of this course, students should be able to accomplish the following objectives: Explain the determinants of foreign exchange rates; Explain and identify the financial difficulties and opportunities faced by corporations when operating internationally; Apply forwards and options for hedging currency risk; Identify the determinants of the expected returns on international investments; Discuss current issues in international finance. Prerequisites: FIN 4630.

FIN 4200 Financial Investments and Markets (4 Credits)

Students will learn how households, institutions, firms, and governments interact in financial markets to channel funds from savers to productive uses of capital and provide firms with opportunities to hedge certain risks. This comprehensive understanding of how markets function is essential for anyone with a finance or high-level management role. We will begin by identifying the key institutions in financial markets and how securities come into existence and subsequently trade. We will then learn to measure the risk and return of financial assets while identifying techniques to improve and assess the performance of investment portfolios. Finally, we will introduce derivatives and techniques to wisely hedge firm risks. Prerequisites: STAT 4610 and FIN 4630. May also be taken as co-requisites.

FIN 4201 MS Management Managerial Finance (2 Credits)

FIN 4201 introduces concepts and analytical techniques to identify and solve financial management problems. The focus on Performance Metrics (Ratios and Du Pont Analysis), Time Value of Money and Opportunity Costs, and Project Analysis prepares managers to operate in an environment that can at times be driven by the financial performance of the company.

FIN 4320 Equity Analysis (4 Credits)

What is the value of a share of stock? Learning the equity valuation process provides a deeper understanding of financial markets and improved personal financial planning decisions. This course teaches students how to implement objective, unbiased valuations through an understanding of the valuation process in theory and how it is implemented in practice. Students will learn to apply valuation approaches that include discounted cash flow, price multiples, and newer approaches that are more useful in a knowledge-based economy. To choose the best approach for valuation, one needs to understand the key value drivers for a company and how investors use these drivers to calculate the intrinsic equity value. Students can maximize the value of their organization by improving these key value drivers and effectively benchmarking to competitors. Prerequisite: FIN 4200.

FIN 4330 Portfolio Management and Risk Analytics (4 Credits)

Case and project approach to foundation of investment portfolio management. Prerequisite: FIN 4200.

FIN 4410 Financial Planning & Analysis (4 Credits)

Advanced course in financial planning and decision-making focusing on capital structure, working capital management, long-range and short-term financial planning, and mergers. Prerequisite: FIN 4630.

FIN 4420 Capital Expenditure Analysis (4 Credits)

Advanced course in capital budgeting examining capital allocation processes and procedures and the theory and applied techniques of capital spending and divestment under conditions of certainty and uncertainty. Related issues of cost of capital and leasing also included. Prerequisite: FIN 4630.

FIN 4500 Financial Modeling (4 Credits)

Use of various financial software applications to construct models from corporate finance, investments and financial markets. Prerequisites: FIN 4630.

FIN 4610 Multinational Financial Management (4 Credits)

Financial analysis of multinational corporation operating in international markets, including exchange rates, international instruments, markets, institutions and futures. Prerequisite: MBA 4112.

FIN 4620 Financial Forecasting (4 Credits)

FIN 4630 Managerial Finance (4 Credits)

Every organization has to answer two extremely important questions: how do we acquire dollars and what do we do with those dollars? This course addresses the different sources of acquiring dollars, identifies the costs associated with each source, the benefits associated with the use of each source, and looks at the decision regarding how much of each source to use. The course addresses performance measures to determine how well the dollars have been spent and used and the decision-making techniques behind the decisions of exactly to what purpose the organization’s dollars were spent and used. These are the financial decisions that any type of organization has to make with frequent ethical challenges in the context of an uncertain economic environment.

FIN 4700 Topics in Finance (4 Credits)

Topics vary each quarter. Course may be taken more than once if topics are different.

FIN 4701 Topics in Finance (1-10 Credits)

Topics vary. For new/experimental courses taught within the Reiman School of Finance.

FIN 4710 Marsico Investment Fund I (4 Credits)

A securities analysis and portfolio management practicum in which students manage a University endowment gift donated by Tom and Cydney Marsico. Prerequisite: Permission of instructor. (First part of two-quarter course.).

FIN 4720 Marsico Investment Fund II (4 Credits)

A securities analysis and portfolio management practicum in which students manage a University endowment gift donated by Tom and Cydney Marsico. Prerequisite: FIN 4710. (Second part of two-quarter course.).

FIN 4730 Marsico Investment Fund III (4 Credits)

This course is an elective course that is the third in the series of classes involving the Graduate investment fund class: Marsico Investment Fund I & II. This course allows students to apply the investment, security analysis, and portfolio management tools and techniques that they have learned in their Finance classes. The students manage an actual portfolio, a portion of the University's endowment originally gifted by Tom and Cydney Marsico. The selection of students for this class is competitive. Students must agree to participate for 2 consecutive quarters, and they must be willing to address portfolio issues during the between-quarter periods if necessary. Because the course involves the application of tools and concepts learned in other classes, the best time to take the course is in the last year of a student's program. Prerequisites: FIN 4710 and FIN 4720.

FIN 4740 Managerial Microeconomics (2 Credits)

This course combines the standard tools of microeconomic analysis with a well-rounded appreciation of the important perspectives that form the business environment in the contemporary world. The goal is to provide students with the tools from microeconomics, game theory, and industrial organization that they need to make sound managerial decisions. The course uses case studies to develop practical insights into managing the firm's resources to achieve competitive advantage. The course is divided into two principle modules based on market structure: perfect competition and imperfect competition. Both modules cover optimal behavior and strategies.

FIN 4750 Managerial Macroeconomics (2 Credits)

This course covers the theory and practice of modern macroeconomics. It teaches students how private market forces and government policy decisions drive fluctuations in the global economy and affect the business environment. It explores issues related to inflation, interest rates, foreign exchange rate, business cycles, and monetary and fiscal policies. The course uses case studies to analyze real-life macroeconomic issues, and students are encouraged to investigate the potential and limitations of macroeconomic theory with real-world problems. The course is divided into two principle modules: the economy in the long run, and the economy in the short run. Both modules cover impacts of government policies on the business environment in a closed economy and an open economy.

FIN 4760 Managerial Economics (4 Credits)

The first half of this course applies the standard tools of microeconomic analysis with a well-rounded appreciation of the important perspectives that form the business environment in the contemporary world. The goal is to provide you with the tools from microeconomics, game theory, and industrial organization that are needed to make sound managerial decisions. The second half of the course covers the theory and practice of modern macroeconomics, teaching how private market forces and government policy decisions drive fluctuations in the domestic and global economies and affect the business environment. Issues related to inflation, interest rates, foreign exchange rates, business cycles, trade policies, and countercyclical monetary and fiscal policies are explored. Expect to cover current global macro issues including trade wars, negative interest rates, and financial crises.

FIN 4800 An Organized Walk Down Wall Street (4 Credits)

After four class sessions in Denver, participants will spend five days in New York visiting exchanges, brokerage firms, investment bankers, commercial banks, asset managers, and other institutions.

FIN 4830 Econometrics for Finance (4 Credits)

This course focuses on econometric and statistical modeling with an emphasis on finance applications. Prerequisite: STAT 4610.

FIN 4860 Derivatives (4 Credits)

This course provides a theoretical foundation for the pricing of contingent claims and for designing risk-management strategies. It discusses more advanced material in financial derivatives and is intended for students who have a quantitative background and are interested in enhancing their knowledge of the way in which derivatives can be analyzed. This course covers option pricing models, hedging techniques, and trading strategies. It also includes portfolio insurance, value-at-risk measure, multistep binomial trees to value American options, interest rate options, and other exotic options. Prerequisite: FIN 4200.

FIN 4870 Strategic Finance (4 Credits)

Addresses theory, concepts, and techniques associated with asset management and creation of value from a strategic orientation. Links financial theory and practice to strategic and operational objectives of the firm, prepares student to incorporate risk and uncertainty into analytical decision-making process and to analyze divestiture, restructuring, and liquidation decisions. Prerequisite: FIN 4410.

FIN 4885 Investment Banking and External Financing (4 Credits)

Considers the blend of theory and practice with regard to designing the appropriate capital structure of the firm as well as appropriate use of securities and process for raising capital in different financial markets. Prerequisite: FIN 4410.

FIN 4890 Fixed Income Analysis (4 Credits)

Emphasizes valuation and management of fixed income securities in prevailing environment of complex and innovative financial arrangements. Study of the nature of evolving markets, both domestically and internationally. Prerequisite: FIN 4200.

FIN 4980 Finance Internship (0-10 Credits)

Daniels College of Business’s graduate curriculum is designed to be experiential and build upon practical experience. To gain the full benefit of this curriculum, students are encouraged to expand their experiential learning beyond the short term experiences required in the classroom. Internships that allow students to apply newly learned skills and theories in the workplace are considered an integral to the curriculum and all students are strongly encouraged to seek such opportunities. Permission of instructor required. Hours and times arranged by student.

FIN 4991 Independent Study (1-10 Credits)

Individual study and report. Hours and times arranged by student.

FIN 4992 Directed Study (1-4 Credits)

FIN 6300 Seminar in Finance Research (4 Credits)

Through a survey of research in the discipline of finance, this course illustrates how theory can shape the literature and the formation of research questions. Analysis of key studies will provide business leaders with the tools to analyze how the academic literature can impact and inform the finance profession across such as areas as corporate governance, corporate finance, investments, and financial institutions.

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