Undergraduate Finance Courses

Courses

FI 305 Principles of Accounting and Finance (3 credits)

Prerequisite(s): GB 212 & (EC 112 & GB 213(Concurrent Pre-Req (CPR)) & (CC4 or WP)

This course serves as the gateway to the Finance, Economics & Finance and Corporate Finance & Accounting majors. An overview of financial statements and approaches to financial statement analysis are covered first, followed by the basics of valuation and the management of working capital. Specific topic areas include time value of money, risk and teturn, valuation of financial securities, estimating the cost of capital, working capital management and financial planning and forecasting.

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FI 312 Advanced Topics in Investments (3 credits)

Prerequisite(s): FI 320

Topics covered include in-depth treatment of modern portfolio theory - attitudes toward risk, derivation of portfolio models, and applications using active and passive approaches. Other topics include bond portfolio strategies, options pricing and financial futures.

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FI 318 Real Estate Investment Decisions (3 credits)

Prerequisite(s): Junior-level standing

Pre- or corequisite(s): FI 380

Acquaints the student with the basic concepts and principles of real estate and urban economics that affect real estate investments. Equips students with essential tools needed for comprehensive real estate investment analysis. Emphasizes the financial aspects of real estate, e.g., appraisal, feasibility analysis, and primary and secondary markets of real estate.

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FI 319 Mortgages and Mortgage Markets (3 credits)

Prerequisite(s): Junior-level standing

Pre- or corequisite(s): FI 320

Examines principles and methods of financing real estate, sources of funds and contents of financial instruments, and the operations of the primary and secondary mortgage markets. Covers types of loans, general legal aspects of real estate debt, mathematics of mortgages, underwriting, and institutional aspects of the primary and secondary mortgage markets.

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FI 320 Financial Markets and Investments (3 credits)

Prerequisite(s): Junior-level standing and FI 305

Introduces students to important topics in bond, equity and options markets. To this end, the course focuses on issues surrounding the nature and functioning of these markets and the key models used in valuing securities that are traded on them. Students will enhance their understanding of how these markets operate to establish asset values by engaging in exercises in the Trading Room.

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FI 325 Operations of Financial Institutions (3 credits)

Prerequisite(s): Junior level standing

Pre- or corequisite(s): FI 320

Examines the structure and operation of financial institutions including commercial banks, thrifts, and financial services companies. Covers the techniques used to analyze profitability, liquidity, structure, short-run versus long-run decisions, and the particular difference between small, large, domestic and international banks.

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FI 327 Insurance and Risk Management (3 credits)

Prerequisite(s): Junior-level standing

Pre- or corequisite(s): FI 380

Studies insurance as an economic and legal relationship dealing with personal and property risks, subjective and objective risks, and insurability. Reviews contract and agency law; insurance coverages including life, health, liability, fire, homeowners and commercial special multiperil policies; Social Security and social insurance; pension plans including IRA accounts; estate planning; and risk management and self-insurance. Surveys the insurance industry, including its structure and regulation.

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FI 331 Capital Markets (3 credits)

Prerequisite(s): FI 320 or FI 380 and junior level standing

Presents the organization and operation of U.S. and international financial markets. Emphasizes factors influencing interest rates, including inflation, risk and term to maturity. Discusses the supply of, and demand for, funds from various economic sectors. Includes the current functioning of money and capital markets as providers of liquidity, short-term credit, long-term investment capital, and assets for hedging against adverse price and interest rate movements. Also discusses foreign exchange and Eurocurrency markets. Topics of current interest included.

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FI 333 Seminar in Micro-Lending (3 credits)

Prerequisite(s): FI 320 or department permission

Note: Formery FI 402C

This course is a reading seminar designed for students who have an interest in micro-lending or -enterprises. The course will use journal articles and cases to present and develop the micro-lending issues. Much of the article and case identification and presentation, as well as the management of the class discussion will be lead by the students in the class. Students will be expected to do a coordinated research project to learn how other universities, banks, enterprises and governments have become involved in micro-lending programs. This research will study micro-finance from both the international and the domestic perspectives, with discussions and coordinated research working toward a final course project developing a recommendation that can be implemented by the students operating the Bentley Microfinance Club and managing the loan fund.  I

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FI 335 Derivatives (3 credits)

Prerequisite(s): FI 380

Note: Formerly FI 402B

This course is an intensive introduction to derivatives. The course will enable you to achieve a detailed understanding of the pricing of forwards, futures, swaps and options and an appreciation of their many uses in the real world. The mathematical requirements of the course include very basic statistical methods and a little calculus. The course will stress intuition and practical applications such as trading, capital preservation and risk management strategies. We will use the trading room extensively. Those of you who do well in the course will be well on your way toward understanding the material in the derivatives sections of the three CFA exams.

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FI 340 Introduction to Professional Financial Planning (3 credits)

Pre- or corequisite(s): FI 320 or FI 380 & Class Code 5

Provides an overview of the personal financial planning process, including the establishment of goals and objectives, forecasting of lifetime income and expenditures, evaluation of alternative investments, money management, taxation, and retirement and estate planning. Covers the concepts, theories and analytical methods used in professional financial planning. Investments considered include home ownership, securities, money market funds, investment partnerships, insurance, business ownership, real estate, and retirement programs. Analyzes the effects of inflation, changing interest rates and taxation on these investments. Designed to give an in-depth exposure to financial planning issues to students with a professional interest in the field.

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FI 345 Applied Corporate Finance (3 credits)

Prerequisite(s): FI 380

Note: Formerly FI 402A

This course provides an advanced analysis of the major issues affecting the financial policy of a modern corporation using a set of case studies. The major issues to be covered are financial statement analysis, the assessment of financing needs, capital budgeting, short-term and long-term financial policy, project evaluation, cost of capital, capital structure and mergers and acquisitions. Our learning method will be intensive case analysis. Student involvement in case discussion is an integral part of the learning process.

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FI 351 International Finance (3 credits)

Prerequisite(s): FI 320 or FI 380 and senior level standing

Surveys systematically the theory of international finance, international investing and international business. Areas covered include foreign exchange with emphasis on exchange rate determination, exchange risk, hedging and interest rate arbitrage, international money and capital markets and international financing, multinational capital budgeting and the cost of capital.  C

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FI 370 Seminar in Financial Institutions (3 credits)

Prerequisite(s): FI 325 and senior level standing

Seminar continuation of FI 325, Operations of Financial Institutions, in which advanced students work on selected cases and topics. Topics include profitability analysis, high-performance banking, capital structure, lending policy, development and marketing of financial services, business policies of financial institutions, and the emerging financial industry. Also examined are liability management, asset and liability matching and structure, capital policy, and aggressive financial institution behavior as they affect profitability. Preparation and presentation of research papers is required.

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FI 380 Advanced Managerial Finance (3 credits)

Prerequisite(s): FI 305 and junior level standing

This course builds on materials covered in FI 305. Topics covered include capital budgeting under uncertainty, capital structure and payout policy, investment banking and public offerings of securities, lease financing and hybrid securities, mergers, acquisitions and other forms of corporate restructuring, bankruptcy and liquidations, and an introduction to derivative securities and corporate risk management. Course pedagogy includes the use of cases to bridge the gap between finance theory and real-world applications.

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FI 385 Corporate Treasury Management (3 credits)

Corequisite(s): FI 380

Examines short-term financial concepts and their application in the corporate financial management area. Focuses on the management of cash and corporate liquidity by focusing on the roles of banking relationships and disbursement and collection systems. Sources of short-term financing and credit and inventory policies will also be examined.

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FI 392 International Project Finance (3 credits)

Prerequisite(s): FI 320 and junior level standing

The course relies on a case-study approach to an increasingly important field that requires excellent financial management skills. We provide an overview of project finance employing the latest techniques for structuring transactions, including risk mitigation by financial intermediaries. Students will be introduced to substantial research data and informational resources. The course stresses decision making and prioritization of tasks, policy formulation, the selection of world-class partners and on-the-ground operational skills necessary to ensure timely completion of construction, budget adherence and efficient start-up. Large investment projects across a variety of geographic regions, industrial sectors, and stages of project execution are examined, including relevant data on default and loss characteristics. We will contrast the important differences in risk between domestic and export sector projects, including management of foreign exchange issues and the role of host gov.  I

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FI 398 Advanced Topics in Financial Planning (3 credits)

Prerequisite(s): FI 340

This course explores the complex issues involved in planning for specialized client circumstances. As a result, the course highlights the effects of marriage, separation, and divorce, childbirth, career changes, inheritance, health difficulties, and the retirement or death of household members on financial planning activities. The course work also illustrates actual uses of financial planning tools and a technology in the development of segmented and comprehensive plans to help refine students' research, communication, and decision-making abilities.

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FI 401 Directed Study in Finance (3 credits)

Prerequisite(s): FI 380 and department chairperson's permission

Permits selected superior students to study special topics. (Allows repetition for credit.)

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FI 402 Seminar in Finance (Special Topics) (3 credits)

Prerequisite(s): Depends upon the topic, and can include FI 320 and/or FI 380 and FI 351 as a co-requisite; junior or senior-level standing and/or department chairperson's permission.

Note: Not offered regularly. Check with department chair for availability.

Covers a broad range of topics in corporate finance and financial services. The seminars offered under this designation focus on contemporary issues to which financial principles and information technology can be applied.

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FI 421 Internship in Finance (3 credits)

Prerequisite(s): At least nine hours of finance courses earned before the beginning of the internship period and permission of the internship coordinator

Note: Open to superior full-time students, selected by the finance faculty.

Provides the student with an on-the-job opportunity to apply principles of the finance discipline to a work situation in the business world. Requires the student to work with the faculty adviser to develop a report relating academic course work to the work experience.

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