Finance, Insurance & Real Estate
BaylorBusiness

Finance Courses

Undergraduate Courses

3100 Stock Market Operations
The role of the stock exchanges, stockbrokers, and brokerage firms in facilitating the trading of stock.

3310 Introduction to Financial Management
Prerequisite(s): A minimum grade of C in ACC 2304 and ECO 2307 and completion of MTH 1309 or MTH 1321.
An introduction to the principles of financial management, including the objective of the financial manager, financial markets and institutions, financial statements analysis and forecasting, the time value of money and valuation, budgeting of capital expenditures, risk and return, weighted average cost of capital, financial leverage, and working capital management.  Students are expected to have a business financial calculator.

4310 Entrepreneurial Finance (Cross-listed as ENT 4310)
Prerequisite(s): For Finance majors, FIN 3310; for Entrepreneurship majors, ENT 3320 and FIN 3310; not open to pre-business students.
Examines the intriguing process of financing the pursuit of opportunity and growth without regard to assets controlled currently.  The major focus is on start-up or acquisition and the initial stages of growth.  There is an emphasis on high growth firms, and the central objective is to gain an understanding of how entrepreneurs obtain and use financial resources.  The course also examines how value is created.

4331 International Business Finance (Cross-listed as INB 4331)
Prerequisite(s): FIN 3310; not open to pre-business students.
A study of international financial management, including multinational corporations (MNCs), international financial markets, international trade, foreign exchange rate, currency futures, forwards, options and swaps, currency exposures, and short- and long-term financing decisions of MNCs. With a focus on the enhancement of analytical skills based on the tools and theory of international finance, this course will promote critical thinking skills of the student.

4335 Business Risk Management (See Risk Management Section)

4339 Real Estate Investments (See Real Estate Courses)

4340 Real Estate Finance (See Real Estate Courses )

4360 Corporate Financial Management
Prerequisite(s): FIN 3310; not open to pre-business students.
An advanced study of long-term corporate financial decision-making, focusing on which assets a firm should acquire, how to raise the funds to acquire those assets, and how to manage acquired assets to maximize the value of the firm.  Specific topics include economic profit, time value of money, risk and return, options, agency conflicts and financial contracting, capital budgeting, capital structure, and dividend policy.

4361 Short-Term Financial Management
Prerequisite(s): FIN 3310; not open to pre-business students.
An advanced study of short-term financial management and financial statement analysis.  Topics include cash management, credit and collections, payables management, bank relations, short-term investing and borrowing, and management of interest rate and foreign exchange risks. The class will provide partial preparation for students wishing to take the Certified Treasury Professional (CTP) exam.

4365 Investment Analysis
Prerequisite(s): FIN 3310; not open to pre-business students.
Investment decision making with emphasis on stocks, bonds, and portfolio management.  Major topics include portfolio theory and the measurement of risk, performance evaluation, the efficient markets hypothesis, valuation of securities, and portfolio composition in relation to investor objectives.  Other topics may include the functioning of the securities markets, securities law and regulations, and an introduction to derivative securities.

4366 Options, Futures, and Other Derivatives
Prerequisite(s): FIN 3310; not open to pre-business students.
This course covers derivative securities such as futures, forwards, swaps and options.  Such securities are commonly referred to as "derivatives" because their values depend upon the values of other assets.  This course presents a conceptual framework for understanding how to price derivatives and design risk management strategies.

4370 Management of Financial Institutions
Prerequisite(s): FIN 4360; not open to pre-business students.
A study of the role of financial institutions as intermediaries between providers and users of investment funds, with emphasis on the financial management issues facing such institutions.  Principal topics include the economic rationale for the existence of financial intermediaries, the major types of financial institutions, and the major areas of risk management including credit risk, interest rate risk, liquidity risk, and capital risk.  Additionally, attention may be given to financial engineering as a management tool for financial institutions.  Lectures and readings are augmented with group projects and/or cases.

4381 Practicum in Portfolio Management
Prerequisite(s): FIN 4365 or equivalent and consent of instructor.
This practicum gives students valuable hands-on experience in securities research, valuation of risky assets, and asset allocation by managing the Philip M. Dorr and Alumni Endowed Investment Fund. Through readings and student-prepared research reports students develop skills in evaluating economic, industry, and firm data; integrating such data into securities analysis; and communicating their research results to others.

4V98 Special Studies in Finance
Prerequisite(s): Not open to pre-business students.
With the permission of the chair of the Department of Finance, Insurance, and Real Estate, this course may be taken for 1 to 6 semester hours of credit.

4387 Seminar in Contemporary Financial Economics
Prerequisite(s): FIN 4360 or ECO 3306; not open to pre-business students.
This course integrates economic theories of market structure, marginal analysis, and incentive contracts with the finance theories of value creation, market efficiency, and agency conflicts to model specific business behaviors.  Mass marketed audiovisual presentations are used to give context to the seminar discussions.  Specific topics include investment banking, international derivative securities, mergers and acquisitions, compensation incentives, labor and business ethics.

4V98 Special Studies in Finance
Prerequisite(s): Not open to pre-business students.
With the permission of the chair of the Department of Finance, Insurance, and Real Estate, this course may be taken for 1 to 6 semester hours of credit.

Graduate
5161 Corporate Finance-Planning
Prerequisite(s): Admission to the MBA program.
An introductory financial perspective to (1) why a publicly-traded firm exists and (2) what is the optimal approach for managing a publicly-traded firm? Comparisons are made between how privately-held firms and public sector institutions are managed.

5162 Corporate Finance-Implementation
Prerequisite(s): FIN 5161
This one-hour module builds on the principles of optimal project selection introduced in FIN 5161.  Usage of the Capital Asset Pricing Model for determining project rates is demonstrated.  Both internal financing decisions (dividend decisions) and external financing decisions (debt vs. equity) are introduced.

5163 Financial Control
Prerequisite(s): FIN 5162
The concluding module on strategic Corporate Financial Management, exploring optimal strategies for financing the firm’s projects.  The theoretical linkage between the modern option pricing model, efficient capital markets, agency theory, and the theory of the firm is developed.

5220 Private Equity Investing
Prerequisite(s): Admission to the Executive MBA program.
The central focus of the course is to gain an understanding of the financing of entrepreneurial ventures, including ways investors identify and commit the necessary resources to create and finance ventures.  To accomplish these objectives the course addresses specific skills, concepts, and know-how relevant for attracting private equity financing to an entrpreneurial venture.

5260 Financial Decision Making
Prerequisite(s): Admission to the Executive MBA program
A study of how firms create value for stockholders through long-term financial decisions, principally asset acquisition/divestiture decisions and debt/equity funding decisions.  Specific topics include economic profit and cash flow, the time value of money, risk and return, options, agency, efficient markets, capital budgeting decision criteria, capital structure theory, and dividend policy theory..

5263 Managing for Value Creation
Prerequisite(s): Admission to the Executive MBA program
In this course we construct simulation models for use in evaluating uncertain project outcomes; utilize the methods of comparables and discounted cash flow to estimate the intrinsic worth of a firm; evaluate the real option components of risky investment projects; evaluate firm performance in terms of shareholder value created; analyze the shareholder wealth consequences of corporate restructuring activities including mergers, leveraged buyouts, leveraged recapitalizations and initial public offerings; and discuss the ethical implications of corporate restructuring activities.

5329 Entrepreneurial Finance (See ENT 5329)

5330 Seminar in Real Estate Valuation (See Real Estate Courses)

5331 Seminar in International Finance
Prerequisite(s): BUS 5602 or equivalent.
A study of international financial management. Principal topics include issues in international business and finance; basic concepts, types, and issues of international financial markets; the mechanics of foreign exchange (FX) dealings and the effect of exchange rate fluctuations on corporate operations; currency derivatives and the implementation of FX risk hedging techniques; and short- and long-term financing decisions and risk management. With a focus on the enhancement of analytical skills based on the tools and theory of international finance, this course will promote critical thinking skills of the student.

5333 Foreign Exchange Markets and International Monetary Institutions (See ECO 5333)

5335 Seminar in Integrated Business Risk Management (See Risk Management Courses)

5360 Seminar in Corporate Finance (Cross-listed as ECO 5360)
Prerequisite(s): BUS 5602 or equivalent
A study of how firms create value for stockholders through long-term financial decisions, principally asset acquisition/divestiture decisions and debt/equity funding decisions.  Specific topics include economic profit and cash flow, the time value of money, risk and return, options, agency, efficient markets, capital budgeting decision criteria, capital structure theory, and dividend policy theory.

5362 Seminar in Corporate Short-term Financial Management (Cross-listed as ECO 5362)
Prerequisite(s): BUS 5602 or equivalent.
This course covers the short-term financial management functions and responsibilities typical of a Corporate Treasurer. Areas covered include cash and liquidity positioning, credit extension and collections, payables management, bank relations, short-term investing and borrowing, and management of interest rate and foreign exchange risks, all with a focus on current business practices. Lectures and readings are reinforced with individual and group projects and cases. The class will also provide partial preparation for students wishing to take the Certified Treasury Professional (CTP) exam.

5363 Seminar in Mergers and Acquisitions (Cross-listed as ENT 5363)
Prerequisite(s): BUS 5602 or equivalent.
The merger and acquisitions phenomenon, both domestic and international.  The course focuses on the economic rationale for a merger from the perspective of the various “stakeholders,” particularly from the view of shareholders. Significant attention is given to valuing a merger prospect as well as to determining how the “deal” is structured financially.  Lectures are supplemented with group projects and cases.

5365 Investment Management (Cross-listed as ECO 5365)
Prerequisite(s): BUS 5602 or equivalent.
Theory and practice of portfolio investment with emphasis on stocks, bonds, and portfolio management.  Major topics include portfolio theory, performance evaluation, market efficiency, equity and bond management strategies, the use of derivative securities in portfolio management, and mutual funds.  Current readings and cases supplement the text.

5367 Seminar in Financial Planning
Personal financial planning, incorporating material from investments, insurance, retirement benefits, taxation, and estate planning into a coordinated financial planning process.  Case analysis is used to demonstrate the complexities involved in solving financial planning situations.  Formulations of financial plans and counseling techniques are also examined.

5368 Seminar in Financial Markets (Cross-listed as ECO 5368)
Prerequisite(s): BUS 5602 or equivalent.
U.S. money and capital markets including international money markets, financial institutions, fixed-income analysis and management, bank funds, management, options, futures, options on futures, investment banking, and mergers and acquisitions.  Special emphasis is given to the management of interest rate risk in financial institutions.

5370 Commercial Bank Management (Cross-listed as ECO 5370)
Prerequisite(s): BUS 5602 or equivalent.
A study of the major issues involved in managing financial institutions. Principal topics include the role of financial institutions as intermediaries between providers and users of investment funds; financial performance of such institutions; loan management, commercial credit analysis, and loan pricing; liquidity and reserve management; investment management; capital structure, liability management, and the cost of funds; and asset/liability management. The regulatory environment for financial institutions is also examined. Lectures and readings are supplemented with group projects and presentations.

5381 Practicum in Portfolio Management
Prerequisite(s): FIN 5365 or equivalent, and consent of Instructor.
This practicum give students valuable hands-on experience in securities research, valuation of risky assets, and asset allocation by managing the Philip M. Dorr and Alumni Endowed Investment Fund.  Through readings and student-prepared research reports students develop skills in evaluating economic, industry, and firm data; integrating such data into securities analysis; and communicating their research results to others.

5V98 Special Studies in Finance
Prerequisite(s): Consent of instructor.
This course may be taken for 1 to 6 semester hours of credit.

5V99 Thesis
Prerequisite(s): Consent of instructor.

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