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| ADMISSIONS | BURSAR | FINANCIAL AID | GRADUATE SCHOOL | RESIDENTIAL LIFE | STUDENT ADMINISTRATION | UNDERGRADUATE CATALOG | |
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Finance (FNCE)Head of Department: Professor Thomas J. O'Brien For major requirements, see the School of Business section of this Catalog. Courses in the department are open to juniors and seniors only with the exception of FNCE 198. The School of Business requires students at the Storrs campus to participate in the Mobile Computing Initiative before registering for the courses listed below. See the School of Business Catalog section for details about how this program operates. Students not participating in the intiative may be able to register for the following classes: FNCE 198, 210, 230. 198. Contemporary Issues in Finance Semester by arrangement. One credit. May be repeated for credit in different sections in combination with BADM 198 or MGMT 198 up to a maximum of three credits. Open to freshmen and sophomores, others with consent of instructor. May not be used to satisfy Junior - Senior level major requirements in the School of Business. The world of business has changed. No longer can we refer to the cliche "business as usual."Today's business world is a complex, challenging and exciting place. Each section of the course will capture some aspect of this challenge and excitement. Students will be exposed to undercurrents that challenge and perplex today's managers and executives around the world. Either semester. Three credits. Prerequisite: ACCT 200, which may be taken concurrently; ECON 111 and 112 or 102; ENGL 110 or 111 or 250 or (105 and 109); MATH 106 or 114 or 116; and STAT 100 or 110. Not open to students who have passed or are taking BADM 230. An introductory examination of how a business plans its needs for funds, raises the necessary funds, and invests them to attain its goals. 202. Investment and Security Analysis Either semester. Three credits. Prerequisite: FNCE 201. A study of the nature of securities, the mechanics and costs of trading, and the way in which securities markets operate. Risk-return analysis will be applied in making decisions to buy or sell stocks, bonds and options. Written analysis is required. 203. Applications in Financial Management First and/or second semester. Three credits. Prerequisite: FNCE 201. Recommendation preparation: OPIM 203C. An intermediate level course using cases i.e., problems faced by actual firms, to teach students how to apply financial management concepts and techniques to real-world situations 204. Financial Risk Management First and/or second semester. Three credits. Prerequisite: FNCE 201. Applications of financial structuring and engineering with particular attention to uses of derivatives. 205. Global Financial Management Either semester. Three credits. Prerequisite: FNCE 201. Focuses on the detailed study of: (1) exchange rate determination, (2) operation of the foreign currency and global capital markets, and (3) hedging both transaction and economic exposure to exchange rate changes. First and/or second semester. Three credits. Prerequisite: FNCE 201. Study of the role of financial services companies in the money and capital markets, funds acquisitions, investment and credit extension. Either semester. Three credits. Recommended preparation: Completion of a college level math course is strongly recommended. Designed to provide students with practical financial management skills that will enable them to identify their personal financial goals, and to plan and make financial decisions that will help them reach those goals. Topics include budgeting, investing, effective use of cash and credit, taxes, insurance, housing and automobile purchases, and retirement planning. 217. Economics for Global Business Decisions First and/or second semester. Three credits. Prerequisite: FNCE 201 (may be taken concurrently). Impact of globalization of the world economy on business and financial decisions. Trade, balance of payments, tariff policies, international economic institutions, exchange rates, capital flows. 221. Risk Management and Insurance Either semester. Three credits. Prerequisite: FNCE 201 or BADM 230 or MATH 285 or MATH 287. A study of the concept of risk and its treatment by insurance. It covers why the individual or corporation purchases insurance, what constitutes an intelligent insurance plan and what products are available in the insurance marketplace. Second semester. Three credits. Prerequisite: FNCE 221. This course will provide a detailed overview of health insurance from the perspective of insurance company owners, employers, and individual consumers of health insurance services. Emphasis is given to individual and group health insurance product management and to the relationship between product characteristics and insurance company investments, financing, and marketing decisions. Managed care techniques, benefit package design and cost sharing mechanisms are assessed in the context of resolving incentive conflicts and meeting cost-containment objectives. Evaluation of insurance company financial strength and the impact of regulation on company management and behavior are considered in detail. Second semester. Three credits. An examination of causes, effects and proposed remedies for financial insecurity resulting from occupational injuries, unemployment, old age and premature death, and general illness. Emphasis is placed on the role of the government in dealing with these economic problems. 225. Life Insurance and Retirement Security First semester. Three credits. Prerequisite: FNCE 221. Focuses on the basic principles underlying life insurance, pensions, and other methods of insuring for financial security. Emphasis is given to the following general topics - the need for life insurance and annuities, individual retirement planning, employer provided group insurance and pensions, types of life insurance and annuity contracts, deferred compensation plans, the mathematics of life insurance, company operations, regulation, settlement options and life insurance programming. 228. Risk Management: Property and Liability Exposures First semester. Three credits. Prerequisite: FNCE 221. This course critically examines the risk management process introduced in FNCE 221. Emphasis is on identification and treatment of pure loss exposures faced by commercial and institutional entities. Available risk management treatment techniques are identified and discussed. Analysis of applicable commercial property and liability insurance coverages are stressed. Either semester. Three credits. Overview of the personal, social and business aspects of real estate. Emphasis on home purchase decisions, location analysis, market characteristics and investment decision-making. First or second semester. Three credits. Prerequisite: FNCE 201 or FNCE 230 or BADM 230. Risk-return analysis for alternate types of real estate investments. Techniques and applications of investment decision-making and value estimation. Lease analysis, cash flow, forecasting, appraisal techniques, discounted cash flow modeling, portfolio management, and equity securitization including real estate investment trusts. First or second semester. Three credits. Prerequisite: FNCE 201 or FNCE 230 or BADM 230. Investment characteristics of mortgages and the structure and operation of mortgage markets -- both primary and secondary, including the role of securitization. Risk and return characteristics of various mortgage instruments, both residential and commercial, are analyzed from the perspective of both the borrower and lender. Tools for measuring and managing the risks of portfolios of mortgages and mortgage-backed securities are introduced. 234. GIS Applications and Use of the Internet in Real Estate Markets First or second semester. Three credits. How does a business decide where to relocate? Specialized Geographic Information Systems ( GIS) are now used to make retail, office, and industrial location decisions. The Internet opens new sources of timely information. This gives decision-makers unprecedented power to manage data and analyze risks. Students gain hands-on experience with GIS and Internet through projects organized around real estate problems. Summer session. One to three credits. Hours by arrangement. Prerequisite: Students enrolled in the Real Estate Intern program must have earned a "C" or better in Finance 230. For all others, completion of Finance 201 and at least one other finance course related to the internship area, with a grade of "C" or better in each course. Consent of instructor and Department Head prior to beginning the internship. Students taking this course will be assigned a final grade of S (satisfactory) or U (unsatisfactory). Designed to provide students with an opportunity for supervised field work in relevant major areas within the Department. Students will work with one or more professionals in their major academic area. Student performance will be evaluated on the basis of an appraisal by the field supervisor and a detailed written report submitted by the student. Either or both semesters. Credits and hours by arrangement, up to a maximum of six credits. Consent of Department Head required, prior to the student's departure. Special topics taken in a foreign study program. Either semester. Three credits. Hours by arrangement. Open only to Finance Department Honors Students with consent of instructor and Department Head. Either semester. Credits and hours by arrangement. Prerequisite: Announced separately for each offering. With a change in content, may be repeated for credit. Classroom course in special topics in finance, insurance or real estate as announced in advance for each semester. Either or both semesters. Credits by arrangement, not to exceed six in any semester. Open only with consent of instructor and Department Head. Individual study of special topics in finance, insurance or real estate as mutually arranged between a student and an instructor. |
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