Finance
The finance curriculum emphasizes developing an understanding of these three areas of finance through courses on forecasting, portfolio theory and security analysis, options and futures markets, accounting, money and banking, management of working capital, and management of financial institutions. Finance faculty members are available to consult with students wishing to pursue careers in any of the above-mentioned areas.
In addition to general education, pre-business, and business core courses, students intending to concentrate in finance should complete the following course work:
(Click on courses to view descriptions)
Credits: 3
Category: Required for Finance Concentration
Pre-requisites: BUS 361, and its prerequisites
Offered: 1 section in Fall, 1 section in Winter
Instructional Format: In-class
Description: Types and distinguishing features of securities available to today's investor. Overview of the institutional framework which affects security trading. Concepts of efficient and inefficient market theories. Computer application of valuation and rates of return.
Credits: 3
Category: Required for Finance and Elective Operations Management Concentrations
Pre-requisites: BUS 361, and its prerequisites
Offered: 1 section in Fall, 1 section in Winter
Instructional Format: In-class
Description: Linking facts, theory, and systematic implementation through study of actual decision situations, financial problems, and business scenarios. Stress on working capital planning and management, capital structure analysis and planning, capital budgeting, and episodic financial decision; computer solutions.
Credits: 3
Category: Required for Finance Concentrations
Pre-requisites: BUS 361, and its prerequisites
Offered: 1 section in Fall, 1 section in Winter
Instructional Format: In-class
Description: Balance of payments, history of international monetary system, exchange rate determination, foreign exchange exposure, hedging strategies and international capital markets. Cost of capital, capital budgeting, capitalization policies, and techniques for dealing with exchange rate exposure and working capital issues.
Electives – choose three courses from:
Credits: 3
Category: Elective for Operations Management, Marketing and Finance Concentrations
Pre-requisites: BUS 181, BUS 201, BUS 202, BUS 211, ECN 201, ECN 202, and their prerequisites
Offered: 1 section in Fall or Winter
Instructional Format: In-class
Description: Causal factors at work in the cyclical process; time series and index numbers. National and regional data sources. Techniques of forecasting; applications to business conditions, prices and sales.
Credits: 3
Category: Required for Accounting and Elective Finance Concentrations
Pre-requisites: BUS 181, BUS 201, BUS 202, and their prerequisites, at least junior standing
Offered: 1 section in Fall, 1 section in Winter
Instructional Format: In-class and online
Description: Introduction of accounting theory and focus on problems associated with acquisition, maintenance, depreciation and replacement of assets. Also includes income statement, balance sheet, current assets, investments, plant assets, and natural resources.
Credits: 3
Category: Required for Accounting and Elective Finance Concentrations
Pre-requisites: BUS 321, and its prerequisites
Offered: 1 section in Fall, 1 section in Winter
Instructional Format: In-class
Description: Continues with accounting theory and practice. Intangible assets, long-term investments, long-term debt, stockholders' equity, pension plans, leases, income taxes, changes in financial position, analysis of statements, and current accounting issues are covered.
Credits: 3
Category: Elective for Finance Concentration
Pre-requisites: BUS 313, 363, and their prerequisites
Offered: 1 section in Fall or Winter
Instructional Format: In-class
Description: Emphasis on linear programming as a tool for constructing optimal portfolios and the Capital Asset Pricing Model for analyzing price change of securities. Review of empirical literature and applications; examination of computer applications.
Credits: 3
Category: Elective for all concentrations
Pre-requisites: At least junior standing
Offered: Every term
Instructional Format: Independent
Description: Business Internship Program job assignment, planned by student, supervisor, and coordinator. Duties will relate to student’s academic program. May be repeated once for credit.
Credits: 3
Category: Elective for Finance Concentration
Pre-requisites: BUS 361, and its prerequisites
Offered: Rarely
Instructional Format: In-class
Description: Basic processes, principles, tools and concepts of working capital management. Cash management, inventory management, financial forecasting, financial ratios in predicting bankruptcy, interest rate risk, and foreign exchange risk; accounting for each topic and applications of quantitative techniques.
Credits: 3
Category: Elective for Finance Concentration
Pre-requisites: BUS 363, and its prerequisites
Offered: 1 section in Winter
Instructional Format: In-class
Description: History, theory, institutional structure, and contribution to the economy of options and futures markets. Roles of arbitrage, hedging and speculation as tools in routine operations of domestic and multinational corporations.
Credits: 3
Category: Elective for Accounting, Finance and Operations Management Concentrations
Pre-requisites: BUS 361, and their prerequisites
Offered: 1 section in Winter
Instructional Format: In-class and online
Description: For accounting and finance students. Uses and interpretation of public accounting statements and economic data from the markets. Use of quantitative methods to analyze, forecast, and examine market reactions to data. Emphasis on real world cases and communication of results through brief written reports and presentations.
Credits: 3
Category: Elective for Finance Concentration
Pre-requisites: BUS 361, and its prerequisites
Offered: 1 section in Fall
Instructional Format: In-class
Description: Analysis of managerial strategies prudent for banks, credit unions, life and property and casualty insurance companies, investment and finance companies, and pension funds. Liquidity policies and asset-liability management techniques.
Credits: 3
Category: Elective for Finance Concentration
Pre-requisites: ECN 201
Offered: Multiple sections in Fall, Multiple sections in Winter, 1 section in Spring/Summer
Instructional Format: In-class
Description: Nature and functions of money. Commercial banking system and its role in the creation of money. Federal Reserve System as an agency of government control over the economy. Introduction to monetary theory.
Credits: 3
Category: Elective for Finance Concentration
Pre-requisites: MTH 122, or concurrent selection of MTH 122; or MTH 118
Offered: Rarely
Instructional Format: In-class
Description: Theory and applications of interest, including measurement of interest; annuities certain; amortization schedules and sinking funds; bonds and related securities. Intended for students interested in actuaries science, finance, or applications of mathematics to business.
