Finance Courses

883-12100 Personal Finance   NLA

A basic finance course, aimed primarily at non-business students, dealing with various aspects of individual financial decision making. Provides an introduction to financial investments, including stocks, bonds, and mutual funds and an overview of the individual income tax system with emphasis on tax computations and planning. The fundamentals of financing home and auto purchases, retirement planning, estate management, and insurance are also covered. Offered in the fall in odd years. May not be applied to a degree in the School of Business. 3 credits. (IRR)

883-20300 Financial Markets and Institutions   NLA

A broad introduction to the structure and operation of the U.S. financial system through examination of the major financial institutions, markets, and instruments that compose it. Emphasis is on the functions and interrelationships of these elements and on identifying various government institutions and regulations overseeing the system. Prerequisites: 306-12100; sophomore standing. 3 credits. (S,Y)

883-30100 Managerial Economics   NLA

The application of microeconomic theories to managerial decisions with respect to production, pricing, and investment. Includes optimization techniques, estimation of demand and cost functions using econometric techniques, forecasting, and utilization of market and cost information in pricing and production decisions. Other topics include the impact of operating leverage on risk to firm, transfer pricing, joint products, and the analysis of costs and benefits for evaluating social projects and public policies. Prerequisites: 306-12100; 306-12200; 883-20300 or 306-32100; junior standing. 3 credits. (S,Y)

883-31100 Business Finance   NLA

Foundations of financial theory and techniques of financial decision making; time value of money; bond and stock valuation; ratio analysis; financing decisions; capital budgeting; cost of capital; capital structure; risk and return; dividend policy; operating and financial leverage; working capital management. Written assignments will be required. Prerequisites: 313-10700 or 313-10800 or 313-11100; 306-12100; 306-12200; 313-14400, 313-24300 or 313-24400; 880-22500; junior standing. 3 credits. (F-S,Y)

883-31500 Real Estate Finance   NLA

Financing of residential properties (types of loans, underwriting, appraisal and closing; analysis of income-producing properties), cash flow identification, tax implications, leverage and valuation; real estate investment performance; sources of real estate funding; secondary mortgage markets; and the role of government policies. Corequisites: 883-31100; junior standing. 3 credits. (IRR)

883-31700 Insurance and Risk Management   NLA

Study of risk and the risk management process with major focus on insurance as a risk management tool. Legal principles, institutional aspects, and international issues. Business and personal risk management and government insurance. Corequisites: 883-31100; junior standing. 3 credits. (IRR)

883-32100 Security Analysis and Portfolio Management   NLA

In-depth study of the techniques used to analyze securities and portfolios. Risk and return trade-off; asset allocation; portfolio selection; diversification; capital asset pricing model; efficient market hypothesis; fixed income securities and equity valuation models; duration; derivative assets. Prerequisites: 883-31100; junior standing. 3 credits. (F-S,Y)

883-37000 International Finance   NLA

Study of the conceptual and practical aspects of international finance through in-depth analysis of international financial markets, exchange rate determination, and exchange rate risk exposure and management. Concentration on working capital management and international capital budgeting strategy. Students develop an understanding of the dynamic relationship between exchange rates and fundamental economic variables. Prerequisites: 883-31100; junior standing. 3 credits. (S,Y)

883-39700 Selected Topics in Finance   NLA

See 880-39700. Offered on demand only. (IRR)

883-41500 Financial Planning and Investment   NLA

How the theoretical aspects of efficient markets, portfolio theory, and capital asset pricing are applied to the development of financial plans for achieving investment goals, implementing strategies to achieve these goals, and measuring and monitoring the results. Prerequisites: 883-31100; 883-32100; junior standing. 3 credits. (IRR)

883-41700 Bank Financial Management   NLA

Study of the decisions made by managers of commercial banks and other financial institutions. Focus on understanding conceptual frameworks for management of assets, liabilities, reserves, and capital of U.S. financial institutions in a global economy. Special attention paid to the changing environment and role of financial institutions in society. Prerequisites: 883-20300 or 306-32100; 883-31100; junior standing. 3 credits. (IRR)

883-41900 Speculative Markets   NLA

In-depth analysis of options and option markets. Review of put and call options, option pricing formulas, and option strategies. Discussion of new developments such as interest rate options and options on future contracts. Second half focuses on the futures market, pricing the commodity futures and financial futures, and optimal hedging strategies based on futures. Prerequisites: 883-31100; 883-32100; junior standing. 3 credits. (IRR)

883-48000 Cases in Financial Management   NLA

A capstone course in finance that combines theories of financial management with practical application through case analysis. Financial theories with respect to risks and returns; capital structure and cost of capital; optimal capital budget; short- and long-term financing decisions; and other topics concerning multinational financial management. Students are required to write and present analyses of cases in the class. Prerequisites: 883-31100; senior standing in finance. 3 credits. (S,Y)

883-49700 Selected Topics in Finance   NLA

See 880-39700. Offered on demand only. (IRR)

883-49800 Internship: Finance   NLA

See 882-49800. Also offered at the Ithaca College London Center. Note: Business majors who plan to study in London should confer with their faculty advisers early in their programs; otherwise, they may not be able to fulfill all program requirements in four years. (F-S,Y)

883-49900 Independent Study: Finance   NLA

See 880-49900. (F-S,Y)