FINANCE Graduate Studies Committee The following faculty members served on the Graduate Studies Committee in the spring semester of 1994-1995. Patrick L. Brockett Keith C. Brown David A. Chapman R. Conrad Doenges James R. Garven George W. Gau Beverly L. Hadaway Meeta Kothare Richard D. MacMinn Stephen P. Magee John D. Martin Robert D. Mettlen Lillian K. Ng Robert Parrino Daniel Quan Ramesh K. S. Rao Ehud I. Ronn Andrew J. Senchack, Jr. Lewis J. Spellman Laura T. Starks Klaus Bjerre Toft Ernest Winfield Walker Leslie Young Graduate Courses The faculty expects to offer the following courses in the academic years 1995-1996 and 1996-1997; however, all courses are not taught each semester or summer session. Students should consult the Course Schedule, published before registration, and the supplement to the Course Schedule, published before classes begin, to determine which courses and topics will be offered during a particular semester or summer session. These publications also may reflect changes that have been made to the courses listed here since this catalog was printed. Unless otherwise stated below, each course meets for three lecture hours a week for one semester. FINANCE: FIN FIN 380. Case Problems in Financial Management. Employs case method to examine financial theories and to develop analytical skill and judgment. Prerequisite: Graduate standing, Business Administration 385T, and consent of instructor. FIN 390. Seminar: Money and Capital Markets. May be repeated for credit when the topics vary. Prerequisite: Graduate standing and consent of instructor. Topic 1: International Money Markets. Topic 2: The Depository Firm and Industry. Additional prerequisite: Courses in macroeconomics and microeconomics. Topic 3: Savings Institutions. Topic 4: Financial Markets and Public Policy. Financial market pricing in domestic and foreign financial markets and in foreign exchange markets. The influence of economic developments and the motivations and ability of central banks to intervene in financial markets, considered from the investor's viewpoint. Additional prerequisite: Business Administration 380S. Topic 5: Advanced Topics in Capital Markets and Financial Institutions. Topic 6: Financial Management Strategies for Financial Intermediaries. Additional prerequisite: Business Administration 380M, 380N, 380S, 383T, and 385T. Topic 7: Economics and National Security Policies. Offered on the letter-grade basis only. FIN 393. Seminar: Commercial Banking. May be repeated for credit when the topics vary. Prerequisite: Graduate standing and consent of instructor. Topic 1: Seminar in Commercial Banking. Topic 2: Management of Bank Funds. Finance 375 and 393 (Topic 2) may not both be counted. Topic 3: Economics of Commercial Banking. Topic 4: Programming Models for Bank Funds Management. FIN 394. Seminar: Financial Management and Theory. May be repeated for credit when the topics vary. Prerequisite: Graduate standing; twelve semester hours of finance, accounting, or economics; and consent of instructor. Topic 1: Seminar in Financial Management. Topic 2: Quantitative Corporate Finance. Additional prerequisite: Business Administration 385T. Topic 3: Multinational Corporate Finance. Additional prerequisite: Business Administration 380S and 385T. Topic 4: Financial Management of Small Business. Topic 5: Computerized Financial Models. Topic 6: Special Topics in Corporate Finance. Topic 7: Valuation Theory. Topic 8: Market Imperfections and the Theory of Finance. Topic 9: Empirical Methods in Finance. Topic 10: Uncertainty in Economics and Finance. Topic 11: Information Economics and Finance. Topic 12: Stochastic Calculus for Economics and Finance. Additional prerequisite: Mathematics 378K. Topic 13: Seminar in Small Business Finance. Additional prerequisite: Completion of Master of Business Administration core courses. FIN 396. Seminar: International Financial Problems. May be repeated for credit when the topics vary. Prerequisite: Graduate standing and consent of instructor. Topic 1: International Environment of Financial Management. Topic 2: Topics in the Theory of International Finance. FIN 397. Seminar: Investment Theory and Management. May be repeated for credit when the topics vary. Prerequisite: Graduate standing and consent of instructor. Topic 1: Applications of Investment Theory. Additional prerequisite: Business Administration 385T. Topic 2: Portfolio Management. Additional prerequisite: Business Administration 385T. Topic 3: Seminar in Securities Markets and Investment Banking. Topic 4: Seminar in Futures and Options Markets. Additional prerequisite: Business Administration 385T. Topic 5: Security Analysis. Topic 6: Topics in Fixed Income Valuation. Topic 7: Current Research Topics in Finance. Topic 8: Summer Research Topics. Designed primarily for doctoral degree students in finance. Provides an opportunity for students to conduct original research. Topic 9: Global Financial Strategies. Major issues affecting portfolio management strategies, with emphasis on the influence of globalization in financial markets. Additional prerequisite: Business Administration 385T and Finance 397 (Topic 1). FIN 399R, 699R, 999R. Dissertation. Offered on the letter-grade basis only. Prerequisite: Admission to candidacy for the doctoral degree and fulfillment of language requirement for the doctoral degree. FIN 399W, 699W, 999W. Dissertation. Offered on the letter-grade basis only. Prerequisite: Finance 399R, 699R, or 999R (or Business Administration 399R, 699R, or 999R). REAL ESTATE: R E R E 386. Seminar in Issues of Real Estate Analysis. May be repeated for credit when the topics vary. Prerequisite: Graduate standing and consent of instructor. Topic 1: Real Estate and Urban Land Economics. Topic 2: Real Estate Investment Decisions. Additional prerequisite: Real Estate 386 (Topic 1) or the equivalent. Topic 3: Real Estate Development: Alternatives and Strategies. Additional prerequisite: Real Estate 386 (Topic 1) or the equivalent. Topic 4: Regional and Urban Analysis. Topic 5: Real Estate Portfolio Strategy. Additional prerequisite: Real Estate 386 (Topic 1) or the equivalent. Topic 6: Contemporary Appraisal Theory. Additional prerequisite: Real Estate 386 (Topic 1) or the equivalent. R E 388. Seminar in Real Estate Finance. Current aspects of real estate finance as they affect lenders, borrowers, and investors. Institutional changes affecting trends in real estate finance, presented within a decision-making framework. Prerequisite: Graduate standing, Real Estate 386 (Topic 1: Real Estate and Urban Land Economics), and consent of instructor. RISK MANAGEMENT AND INSURANCE: RMI RMI 395. Seminar: Risk Management and Insurance. May be repeated for credit when the topics vary. Prerequisite: Graduate standing. Topic 1: Introduction to Risk Management and Insurance Economics. Analysis of risk management and security needs of business and individuals; related insurance coverages and other risk management tools available to deal with risk. Topic 2: Financial and Economic Aspects of Risk Management and Insurance. Analysis of risk management techniques and insurance company operations. Similarities between insurance pricing techniques and risk management methodology. Topic 3: Risk Management and Finance Theory. Examination of theories underlying risk management techniques for business and insurance mechanisms; theoretical analysis of problems and practices in risk management. Topic 4: Life Insurance and Finance Theory. Economic analysis of the life insurance mechanism and its use in estate planning; economic aspects of pricing under uncertainty. Topic 5: Managing Environmental Risk. Topic 6: Risk Analysis and Management. Topic 7: Managing International Risk. The global aspects of risk management; basic risk and crisis management principles pertinent to multinational firms; financially, legally, and culturally multinational marketplaces such as reinsurance markets, captive offshore insurance.