FIN 5104 – Corporate Finance
Provides a broad coverage of the major policy making areas of a corporation. The course covers topics in capital investment policy, financing and capital structure policies, dividend policy, financial statement analysis, financial forecasting, and the basics of working capital management.
FIN 5124 – Investment Analysis and Portfolio Management
Examines the role and functioning of securities markets. Specific topics include the equity market, fixed-income securities market, and mutual funds. The course presents portfolio and capital market theory, the efficient markets hypothesis, institutional organization, and security valuation techniques.
FIN 5354 – Corporate Valuation for Mergers, Acquisitions, and Venture Capital
Strategic valuation of securities, projects, and companies using discounted cash flow methodologies, including free cash flow estimation, cost of capital, terminal value assumptions, and sensitivity analysis; relative valuation using EBITDA multiples and adjusted EBITDA, including strengths and limitations of comparable company analysis; valuation under uncertainty using real options reasoning and probabilistic approaches; mergers and acquisitions valuation including transaction structure, synergies, and acquisition financing effects; leveraged buyout valuation including debt structure, return drivers, and exit assumptions; venture capital valuation including staged financing and dilution; valuation in distressed and bankruptcy contexts; integrated case analysis emphasizing scenario evaluation and strategic interpretation of valuation conclusions.
FIN 5374 – Derivative Securities & Corporate Risk Management
Analysis of financial risk and the role of derivative securities in risk management; hedging, speculation, and arbitrage using payoff structures and no-arbitrage pricing intuition; forwards and futures including cost-of-carry relationships, basis risk, and hedge effectiveness; interest rate risk including duration, forward interest rate curve construction, forward rate agreements, and interest rate swaps; derivative solutions to funding, currency, and commodity risk; options and nonlinear risk including downside protection strategies and implied volatility as a market risk indicator; real options in corporate finance including timing, expansion, abandonment, and comparison to net present value analysis; measurement of financial risk using common metrics such as Value-at-Risk and stress tests; interpretation of model limitations and tail risks; assessment of governance issues in risk management.
FIN 5184 – Currencies and Global Finance
Explores the international economic environment, including analyses of exchange rates, international monetary systems, contemporary currency regimes, and current financial crisis. Examines a firm's exposure to various kinds of exchange risks and the methods and financial instruments used to manage those risks. Introduces global opportunities open to firms for raising capital, foreign investment in financial assets, and managing currency and interest rate risk.
