2005-2006 CATALOG
FIN 1330 Personal Finance 3 cr.
Offered each semester. (Not open to students enrolled in the College of Business Administration who have completed 30 semester hours or more of university credit.) Survey course that covers the following areas: a financial health program, budgeting, consumer protection, housing, insurance program, investment portfolio, other potential investments, taxes, and estate planning. The impact of personal finance on the economy will also be examined.
FIN 2302 Introduction to Investing 3 cr.
Offered each semester. The course provides an overview of investment opportunities in financial instruments such as common stocks, preferred stocks, government and corporate bonds, rights, warrants, convertibles, options, futures, and mutual funds.
FIN 2335 Principles of Real Estate 3 cr.
Offered each semester. The principles of purchasing, owning, and operating real estate relative to interest in realty, liens, contracts, deeds, titles, leases, brokerage, and management.
FIN 3099 Senior Honors Thesis 1-6 cr.
Offered each semester. Prerequisite: consent of department and Honors Program Director. Senior honors thesis under the direction of a faculty member. Section number will correspond with credit to be earned. Must be repeated for a total of six credit hours to be eligible to graduate with honors.
FIN 3300 Principles of Financial Management 3 cr.
Offered each semester. Prerequisites: ECON 1203 or ECON 2200. ACCT 2100 is recommended. Introduction to investment, financing, and dividend decisions of business firms. Topics include valuation, capital budgeting, working capital management, capital structure and cost of capital, sources of financing, and dividend policy.
FIN 3301 Small Business Finance 3 cr.
This course applies the skills of financial analysis to the particular problem of financing new ventures and existing small businesses. Specific topics covered include legal forms of organization and how they affect financing alternatives, ratio analysis, identifying and evaluating sources of small business financing, buying existing small businesses, financing growth and diversification, and dealing with bankruptcy and liquidation. Emphasis is placed on the evaluation and preparation of financing packages for securing financing from banks, ventured capital investors and government agencies.
FIN 3302 Investments 3 cr.
Offered each semester. Prerequisite: FIN 3300 or ECON 2000. Fundamental information regarding the organization, regulation, and performance of securities in the various markets and financial instruments.
FIN 3303 Financial Institutions 3 cr.
Prerequisite: ECON 2221. Study of the impact of financial institutions on both the total level of economic activity and the allocation of funds to various sectors of the economy. Analysis of the intermediary process and the determination of interest rates in the financial markets.
FIN 3321 Bank Administration 3 cr.
Prerequisites: ECON 2221 and FIN 3300. The financial management of the commercial bank from the perspective of senior management. An internal analysis of bank portfolio construction, bank capital structure, the lending function, and other decisions of the financial manager that affect the value of the bank.
FIN 3355 Principles of Insurance 3 cr.
Offered each semester. A course focused upon the consumer interest in an interdisciplinary approach to the subjects of pure risk and decision-making with emphasis upon planning family insurance programs. Principal topics include the impact on the family of economic risk, the private insurance mechanism, government benefit programs, and specific types of insurance coverage of importance to the family. Specific attention is focused upon such financial instruments as life insurance, health insurance, automobile insurance, and insurance for the home. Consumer issues related to the private insurance mechanism and government benefit programs are considered. The roles of economic facts and consumer attitudes in making decisions among alternatives also will be explored.
FIN 3366 Income Property Analysis 3 cr.
A study of valuation and appraisal methods for commercial, industrial, residential, and other income properties. Included will be the problems of real estate development, redevelopment, and property taxation.
FIN 3368 Real Estate Finance 3 cr.
Issues and problems in the administration of real estate mortgages; sources and uses of mortgage funds, including land acquisition, construction, permanent, and secondary financing; cost of funds, mortgage yields and accompanying risk; federal and state role in mortgage markets.
FIN 3370 Residential Real Estate Development 3 cr.
A survey of major topics in valuation of residential real estate. Topics include real estate valuation, supply and demand factors affecting land use, economics of land use, government and other external forces, affecting land use, planned unit development, historic properties, and major financial instruments.
FIN 3391 Undergraduate Directed Individual Study 3 cr.
(ECON 4291 and FIN 4391 are cross-listed) Offered each semester. Prerequisites: Approval of the directed individual study by the department chair and the supervising professor is required prior to registration. The student should refer to the College of Business Administration Policy On Undergraduate Directed Individual Study available in the Department of Economics and Finance. This course is arranged individually in order to provide latitude for specialized study and research under the direction of a faculty member. Progress reports, readings, conferences, and a research paper are required. May be repeated.
FIN 3392 Internship in Finance 3 cr.
Prerequisites:BA 2780, QMBE 2786, and FIN 3300 and consent of department. Student intern is engaged in ten hours per week at the site of an assigned participating organization which directs the intern in a specific research project. Students wishing to take this course should apply a semester in advance since enrollment is limited by internships available.
FIN 3595 Academic Year Abroad: Special Topics in Finance 3 cr.
This course is only offered through UNO’s Academic Year Abroad (AYA) in Innsbruck Austria and can be repeated once for credit.
FIN 3999 Special Topics in Finance 3 cr.
Prerequisite: Consent of department. Topic will vary from semester to semester. May be repeated once for credit.
FIN 4222 Cash and Liquidity Management 3 cr.
Prerequisite: FIN 3300. An examination of the theory and practice of working capital management. Topics include cash management, credit and accounts receivable management, collections and cash concentrations, short-term investments and borrowing, forecasting cash flows, financial risk management, and international cash management.
FIN 4232 Capital Budgeting 3 cr.
Prerequisite: FIN 3300 or ECON 2000. An examination of the analytical methods used to evaluate the economic worth of capital investments. The course focuses on capital budgeting under uncertainty and in imperfect markets and includes topics such as capital rationing, inflation, leasing, and strategic management.
FIN 4242 The Economics of State and Local Finance 3 cr.
Prerequisite: ECON 1203 or 2200. This is a course designed to analyze the functions of state and local governments relating to the provision of public goods. The demand for and the supply of public goods as well as the production of these goods will be examined. Optimal methods of financing these government services will be investigated. The tax incidence and the equity of various financing forms will be presented. Grants-in-aid, revenue sharing, and other federal policies affecting intergovernmental relations in a federal system will also be analyzed.
FIN 4301 Financial Theory 3 cr.
Offered each semester. Prerequisite: FIN 3300. Analysis of the financial theory of the business enterprise from the viewpoint of an internal decision-maker. In addition to the study of theories themselves, the course will cover empirical evidence as tests of theories. Topics to be covered will include: risk and uncertainty in investment and financial decisions, asset and security valuation theory, cost of capital and capital structure theory, dividend decisions, capital budgeting, and portfolio analysis. Students may not receive graduate credit for both FIN 4301 and FIN 6301.
FIN 4304 Finance Capstone 3 cr.
Offered each semester. Prerequisites are Finance 3300, Finance 3302 or Finance 3321, and senior standing. Emphasis on financial decision-making that requires integrating the core finance areas of corporate finance, investments, portfolio management, and financial institutions. This course is not open to graduate students.
FIN 4305 Business Cycles and Forecasting 3 cr.
(ECON 4205 and FIN 4305 are cross-listed) Prerequisite: ECON 1203, 1204, and QMBE 2786. Univariate forecasting models; multiple time series model building. Applications to business trends and business cycles.
FIN 4307 Portfolio Analysis 3 cr.
Prerequisite: FIN 3302 and QMBE 2786, or consent of department. Demonstration of portfolio analysis techniques used by individuals and institutions. The course will utilize the computer to demonstrate and explore the various implications of portfolio analysis.
FIN 4308 Speculative Markets: Options and Futures 3 cr.
Prerequisite: FIN 3302 or consent of department. An examination of the organization structure of speculative markets and the performance of speculative assets. Topics include the institutional nature of options and futures markets; investment and hedging strategies; and the valuation of options on stocks, interest rates, and futures contracts as well as the analysis of commodity, interest rate, stock index, and foreign exchange futures prices.
FIN 4322 The Money and Capital Markets 3 cr.
Prerequisite: ECON 2221. The money and capital markets their composition regulation and operations; their influence in modern business; sources and uses of funds; commercial paper; acceptances; bank loans; call loans; negotiable certificates of deposit; investment banking and the Securities and Exchange Commission; the open market functions and activities of the Federal Reserve System.
FIN 4354 Property and Liability Insurance 3 cr.
Prerequisite: FIN 3355. A functional course in property and liability insurance including areas of underwriting, reinsurance, investment, financial statement analysis, mathematical concepts of rate-making and reserves, types of insurance carriers, policy analysis, and government and social policy implications. Not for graduate credit.
FIN 4355 Life and Health Insurance 3 cr.
Prerequisite: FIN 3355. Functions and uses of life and health insurance, contract analysis, legal aspects, mathematics of life and health insurance, selection and classification of life and health risks, industrial and other forms of life and health insurance, and business uses of life insurance. A significant part of the course is the role and uses of life insurance in personal financial planning.
FIN 4362 International Finance 3 cr.
(ECON 4262 and FIN 4362 are cross-listed) Prerequisite: ECON 1203 and 1204 or ECON 2200, or FIN 3300. This course examines the financial operations of the firm from an international point of view. It draws upon topics such as exchange rate determination, foreign exchange exposures (risks) for the multinational firm and techniques to hedge such exposures, international bond, equity and currency markets, trade documentation, and international capital budgeting. Students may not receive graduate credit for both ECON 4262, FIN 4362, and FIN 6367.
FIN 4370 Real Estate Feasibility and Site Location Analysis 3 cr.
Prerequisite: one of the following: FIN 2335 or consent of department. A survey of the physical characteristics, market, economic, and financial considerations which enter into the decision process for selecting business locations; allocating land resources among a number of possible revenue producing uses, and analysis of locational considerations on the profitability of the firm. An extensive field research project is an integral part of the course.
FIN 4400 Financial Foundations for Managers 3 cr.
An approach to finance principles and practice intended for managerial use. Emphasis will be placed on applying finance principles in managerial decision-making as it concerns the investment, financing, and dividend decisions of business firms. Not open to College of Business undergraduate majors. This course may not be taken for graduate credit.
FIN 4696 Washington Center Internship 3-6 cr.
The Washington, D.C. Internship Program is offered in cooperation with the Washington Center for Internships and Academic Seminars. Students of junior-level or higher standing and a grade-point average of 2.5 or better are eligible to participate in the Program. The program is conducted in Washington, D.C. and consists of an internship of four-and-a-half workdays per week, a three-hour course one night a week, and a major research paper. Participants can earn 12 credit hours during a fall or spring semester (nine hours in summer). Not for graduate credit.
FIN 6300 Financial Administration 3 cr.
Offered each semester. Prerequisite: QMBE 2786 and 2787, or QMBE 4400 and FIN 3300, or FIN 4400 and credit for or concurrent registration in ACCT 6130. Study of advanced principles and practices in the administration of the financial affairs of business enterprises. Emphasis is on efficient use of financial resources, evaluation of investment project capital budgeting, and maintenance of credit-worthiness.
FIN 6301 Corporate Financial 3 cr.
(Students may not receive graduate credit for both FIN 4301 and FIN 6301) Prerequisites: QMBE 2786 and 2787, or QMBE 4400 and FIN 3300, or FIN 4400 and credit for or concurrent registration in ACCT 6130.The course provides a comprehensive overview from managerial perspective of such topics as theory of uncertainty, valuations (including warrants and convertibles), advanced capital structure theory and cost of capital, dividend theory, mergers, restructuring and corporate control, agency theory, and applied issues in corporate finance (including leasing, leveraged buyouts, and interest rate swaps).
FIN 6302 Investments 3 cr.
Prerequisite: FIN 6300 or 6301. The course provides an analysis of such topics as portfolio theory, capital asset pricing models, Arbitrage Pricing Theory, efficient capital market theory, option pricing theory, futures contracts and markets, and the securities market.
FIN 6303 Financial Markets and Institutions 3 cr.
Prerequisite: FIN 6300 or 6301. An overview of the processes at work within the financial system, its major participants, its procedures for assessing and pricing risk, and its role in the allocation of credit to different financial sectors.
FIN 6309 International Financial Management 3 cr.
Prerequisite: FIN 6300 or 6301 or enrollment in the Master of Science program in Accounting. Geared for the MBA or other graduate students interested in a graduate level course emphasizing the managerial aspects of international finance. Students enrolled in the Ph.D. program in Financial Economics cannot use this course in their graduate program of study, and no students will receive graduate credit for both ECON 4262/FIN 4362 and Finance 6309.
FIN 6311 Theory of Corporate Finance 3 cr.
Prerequisites: Must be a Ph.D. in Financial Economics Student. The course is intended to provide students with a strong foundation for understanding the theoretical and empirical concepts in modern corporate finance. The topics covered in the course include valuation under risk and uncertainty, advanced capital budgeting topics, market efficiency, agency theory and signaling under information asymmetry capital structure theory, dividend policy, corporate control and financial distress. This is a core course for Ph.D. students in financial economics and is not open to MBA students.
FIN 6312 Investment Theory 3 cr.
Prerequisites: Must be a Ph.D. in Financial Economics Student. This course is designed to provide the Ph.D. student with a solid foundation in modern investment theory. This course takes a theoretical approach to the understanding of the following issues: portfolio theory, capital asset pricing model, arbitrage pricing, term structure of interest rates, future options and market efficiency. The review of classic theoretical and supporting empirical finance literature will be emphasized. This course may only be taken by Ph.D. students.
FIN 6313 Seminar in Financial Markets and Institutions 3 cr.
Prerequisites: FIN 6303 and must be a Ph.D. in Financial Economics Student.This course examines the role of financial intermediaries in resolving informational asymmetries in the credit market and promoting economic development. The topics covered in this course include theory of financial intermediation, theory and management of interest rate and exchange rate risk, banking and financial distress, bank regulation and deposit Insurance Contract, off-balance sheet banking system, efficiency of banking system, and financial theory of insurance industry.
FIN 6314 Seminar in Corporate Finance 3 cr.
Prerequisite: FIN 6301. The purpose of the course is to expose the advanced student to a direct reading of journal articles and book chapters in classic works as well as more recent developments in corporate financial theory.
FIN 6315 Seminar in Investments 3 cr.
Prerequisite: FIN 6302. This course exposes students to recent journal articles as well as classic works. Topics selected will be at the discretion of the instructor. Topics will be selected from portfolio theory, capital asset pricing models and the Arbitrage Pricing Theory, efficient capital market theory, option pricing theory, futures contracts and markets, and the securities market.
FIN 6317 Theories and Empirical Evidence in
Financial Economics 3 cr.
Prerequisite: completion of the core courses for the Ph.D. program in Financial Economics. An advanced theoretical and empirical analysis of current subjects in financial economics linking theoretical and empirical research. The course will heavily emphasize the completion of a research paper leading toward dissertation research.
FIN 6318 Derivative Securities 3 cr.
Prerequisite: FIN 6312. An analysis of derivative financial instruments including forward contracts, futures contracts on commodities, financial assets and indexes, option contracts on financial assets, option contracts on futures, and swap contracts.
FIN 6319 Seminar in International Finance 3 cr.
Prerequisite: FIN 6311, FIN 6312, and QMBE 6282. This course examines at an accelerated pace using advanced textbook and journal article literature the classic and more recent developments in international finance. The topics will center around the theory of exchange rate determination and uncertainty, and its implications for the investment choices (international capital budgeting) and foreign exchange risk (exposure) of the multinational money and capital market, to hedge exposure for international projects, investments, and portfolios will also be presented.
FIN 6321 Commercial Bank Management 3 cr.
Prerequisites: ECON 2221 and FIN 3300. An examination of the role of commercial banking in the economy and advanced theoretical and applied analysis of commercial bank management.
FIN 6333 Real Estate Finance and Market Feasibility Analysis 3 cr.
Prerequisite: one of the following: FIN 6300, URBN 6165, FIN 3366, FIN 3368 or the consent of the department. A survey of the physical characteristics and the market, economic, and financial considerations which enter into the decision process for selecting business locations. Addresses the allocation of land resources among a number of possible revenue-producing uses and the impact of location considerations on the profitability of the firm. An extensive field research project is an integral part of the course.
FIN 6350 Heath Care Financial Management 3 cr.
Prerequisite: BA 6014. The purpose of this course is to examine the role of the financial manager in acquiring and utilizing funds for the operation of a health care enterprise. Financial decisions of the manager — planning and forecasting, long-term investment decisions, financing decisions, and short-term asset management decisions — will be carefully evaluated in light of the enterprise’s goal to maximize its value. Financial principles will be applied to firms involved in health care business. A student cannot receive degree credit for both FIN 6300 and FIN 6350.
FIN 6355 Seminar in Risk Management and Insurance 3 cr.
Prerequisite: FIN 6300 or 6301. A comprehensive study of management of non-speculative risks in the business enterprise with emphasis on insurance as a tool. Topics covered include concepts of risk and insurance; risk analysis; treatment of risk control and financing; analysis of insurance contracts, group insurance and pensions; and investigation of insurance market.
FIN 6391 Directed Individual Studies 3 cr.
Prerequisite: consent of department. This tutorial is arranged individually in order to provide latitude for specialized study and research. May be repeated for credit.
FIN 6394 Internship in Finance 3 cr.
Prerequisite: 15 hours of MBA courses with at least a 3.0 GPA and consent of the department. The student will work a minimum of 150 hours during the semester at the site of a participating organization that directs the intern in a specific finance project. Students must in addition engage in extensive outside research in the subject area related to their internship and submit a substantial report on this research reflecting a graduate level of learning. Enrollment is limited. May not be repeated for credit.
FIN 6395 Special Topics in Finance 1-4 cr.
Description: An intensive study of selected special topics in Finance. Topics will vary based on contemporary needs as dictated by the discipline as well as the interests of the students and the instructor. Section number will correspond with credit hours to be earned.
FIN 6635 Seminar in Financial and Economic
Analysis for Real Estate 3 cr.
Prerequisites: FIN 6300 or 6301, or URBN 6165, or consent of the department. An intensive study of real estate appraisal and evaluation, supply and demand factors affecting land use, the economics of land use, taxes and land use decisions, government and other external forces affecting land use, real estate investment and development decisions, and property analysis for investment decisions.
FIN 6670 Seminar in Mortgage Markets and Real Estate Finance 3 cr.
Prerequisites: FIN 6300 or 6301, or URBN 6165, or consent of the department. Topics in primary and secondary market behavior and underwriting, mortgage loan underwriting, mortgage futures and options, tax exempt mortgage funds, interim and development loan analysis, and cash flow analyses.
FIN 7050 Dissertation Research 1-9 cr.
(ECON 7050 and FIN 7050 are cross-listed)Preparation of dissertation by Ph.D. candidate under direction of major professor and dissertation committee. Section number will correspond with credit to be earned. To be repeated for credit until dissertation is accepted.
FIN 7051 Dissertation Workshop 1 cr.
(ECON 7051 and FIN 7051 are cross-listed) Prerequisite: Consent of the department. This is a required course for all third year Ph. D. Students in Financial Economics. Students will present progress reports on their dissertation research for critique by faculty and other graduate students.
