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Courses - Fall 2018
BUFN
Finance Department Site
Courses with the BUFN prefix are offered only for students in the Master of Finance and Master of Quantitative Finance programs.
BUFN610
(Perm Req)
Financial Management
Credits: 2
Grad Meth: Reg
Restriction: Permission of BMGT-Robert H. Smith School of Business; or must be in Business and Management (Master's) program.
Credit only granted for: BUSI640, BUFN610, or BMGT610.
Focuses on the valuation of the real assets of firms as well as the valuation of stocks and bonds, the primary financial assets in an economy. While details vary, the conceptual foundations of valuation boil down to three themes: time value of money, no-arbitrage, and systematic risk.
BUFN620
(Perm Req)
Capital Markets
Credits: 2
Grad Meth: Reg
Restriction: Must be in one of the following programs (Business and Management (Master's); Business and Management (Master's)) ; or permission of BMGT-Robert H. Smith School of Business.
Credit only granted for: BUFN740 or BUFN620.
Formerly: BUFN740.
Designed to deepen the foundations necessary to finance focused students, especially those intending to specialize in the quantitative areas of finance including investments, fixed income, and financial engineering.
BUFN640
(Perm Req)
Financial Econometrics I
Credits: 2
Grad Meth: Reg
Restriction: Must be in Business and Management (Master's) program; or permission of BMGT-Robert H. Smith School of Business.
Credit only granted for: BUFN758N of BUFN640.
Formerly: BUFN758N.
In this course we study standard techniques used in the econometric analysis of financial data and discuss the underlying techniques and focus on the understanding and interpretation.
BUFN650
(Perm Req)
Financial Econometrics II
Credits: 2
Grad Meth: Reg
Prerequisite: BUFN640.
Restriction: Must be in Business and Management (Master's) program; or permission of BMGT-Robert H. Smith School of Business.
Credit only granted for: BUFN758O or BUFN650.
Formerly: BUFN758O.
A hands-on and application-oriented short course on data management and financial modeling. It introduces students to basic data management techniques and a variety of analytical models used in finance.
BUFN670
(Perm Req)
Financial Mathematics
Credits: 2
Grad Meth: Reg
Restriction: Must be in Business and Management (Master's) program; or permission of BMGT-Robert H. Smith School of Business.
We will cover basic concepts in discrete-time and continuous time finance, including stochastic calculus and treatment of jumps, conditional expectations, Feyman-Kac theorem, Girsanov theorem, risk-neutral pricing of derivatives (forwards, futures, bonds,options), convex optimization. The focus is on financial models, applications, and implementation.
BUFN738
(Perm Req)
BUFN740
Capital Markets
Credits: 2
Grad Meth: Reg
Prerequisite: BUSI640.
Restriction: Must be in one of the following programs (Business and Management (Master's); Business and Management (Master's)).
Credit only granted for: BUFN740 or BUFN620.
Designed to deepen the foundations necessary to finance focused students, especially those intending to specialize in the quantitative areas of finance including investments, fixed income, and financial engineering.
BUFN741
(Perm Req)
Advanced Capital Markets
Credits: 2
Grad Meth: Reg
Prerequisite: BUFN620; or permission of BMGT-Robert H. Smith School of Business.
Restriction: Must be in Business and Management (Master's) program; or permission of BMGT-Robert H. Smith School of Business.
Credit only granted for: BUFN758P or BUFN741.
Formerly: BUFN758P.
This course covers modern theories and techniques for investments and asset pricing. The main topics covered are: portfolio theory, pricing models, market efficiency, fixed income investment, forwards and futures, and options.
BUFN750
Valuation in Corporate Finance
Credits: 2
Grad Meth: Reg
Prerequisite: BUSI640.
Restriction: Must be in one of the following programs (Business and Management (Master's); Business and Management (Master's)).
Credit only granted for: BUFN630, BUFN714, BUFN750, BUFN753, or BMGT730.
Formerly: BUFN714.
An advanced topics course in Corporate Finance dealing with valuation. Main topics will be, building pro forma statements, cost of capital, using ratios and comparables to value projects and firms, dicounted cash flow valuations, WACC and APV methods of valuation and Real Option Valuations.
BUFN751
Financial Strategy For Corporations
Credits: 2
Grad Meth: Reg
Prerequisite: BUSI640.
Restriction: Must be in one of the following programs (Business and Management (Master's); Business and Management (Master's)).
Credit only granted for: BUFN751 or BUFN710.
An advanced course in corporate finance, focusing on the issues that firms face when they plan to raise external capital from financial markets. The focus is on the financing problems faced by mid-market to large firms and on capital raised from public markets. The forms of external finance vary from simple debt or equity to more complex securities that bundle with an element of risk management.
BUFN752
Financial Restructuring
Credits: 2
Grad Meth: Reg
Prerequisite: BUSI640.
Restriction: Must be in one of the following programs (Business and Management (Master's); Business and Management (Master's)).
Credit only granted for: BUFN712, BUFN716, BUFN752 or BUFN754.
Formerly: BUFN716.
Focuses on identifying ways to increase firm value through corporate restructuring. Specific topics include: mergers and tender offers, spin-offs, carve-outs, divestitures, takeover defense strategies, leveraged buy-outs, and international acquisitions. Additionally, the theory, practice and empirical evidence related to each of these topics will be covered. Emphasis will be placed on valuation analysis and strategic considerations.
BUFN754
(Perm Req)
Corporate Risk Management
Credits: 2
Grad Meth: Reg
Prerequisite: BUSI640.
Restriction: Must be in one of the following programs (Business and Management (Master's); Business and Management (Master's)).
Credit only granted for: BUFN712, BUFN716, BUFN752 or BUFN754.
Surveys the theory and practice of financial risk identification, measurement, and mitigation at financial and non-financial firms. Topics will include hedging with options and futures, interest rate risk management, Value-at-Risk (VaR), Cashflow-at-Risk (CaR), Earnings-at-Risk (EaR), credit risk, equity risk, commodities risk, exchange rate risk, and lessons from risk management disasters.
BUFN755
Entrepreneurial Finance and Private Equity
Credits: 2
Grad Meth: Reg
Prerequisite: BUSI640.
Restriction: Must be in one of the following programs (Business and Management (Master's); Business and Management (Master's)).
Credit only granted for: BUFN755 or BUFN717.
An advanced topics course in Corporate Finance. The major emphasis is how financiers help growing firms - and in particular young start-ups - using different types of securities at different points in the industry's and firm's life. Financing arrangements and securities studied will include private equity funds and private financings placements, Venture Capital (VC) and preferred equity, Investment Banks through Initial Public Offerings (IPOs), Private equity finds, debt and leveraged buyouts. Students will learn additional techniques that will help them understand how financiers value firms and how to understand, plan and value different financing strategies.
BUFN758C
Special Topics in Finance; Corporate & Public Policy Issues in Finance
Credits: 2
Grad Meth: Reg
BUFN758Q
(Perm Req)
Special Topics in Finance; Modern Financial Theory, Governance, & Valuation
Credits: 2
Grad Meth: Reg
BUFN758V
(Perm Req)
Special Topics in Finance; Advanced Equity Modeling
Credits: 2
Grad Meth: Reg
BUFN758W
(Perm Req)
Special Topics in Finance; Applied Equity Modeling
Credits: 2
Grad Meth: Reg
BUFN758X
(Perm Req)
Special Topics in Finance; Market Microstructure
Credits: 2
Grad Meth: Reg
BUFN759
(Perm Req)
Independent Study in Finance
Credits: 1 - 6
Grad Meth: Reg
Contact department for information to register for this course.
BUFN762
Fixed Income Analysis
Credits: 2
Grad Meth: Reg
Prerequisite: BUFN740.
Restriction: Must be in one of the following programs (Business and Management (Master's); Business and Management (Master's)).
Credit only granted for: BUFN732 or BUFN762.
Describes important financial instruments which have market values that are sensitive to interest rate movements. Develops tools to analyze interest rate sensitivity and value fixed income securities. Defines and explains the vocabulary of the bond management business.
BUFN763
(Perm Req)
Portfolio Management
Credits: 2
Grad Meth: Reg
Prerequisite: BUFN740.
Restriction: Must be in one of the following programs (Business and Management (Master's); Business and Management (Master's)).
Credit only granted for: BUFN734 or BUFN763.
Provides training that is important in understanding the investment process - the buy side of the financial world. Specifically, the objective is to provide graduate-level instruction in the following topics, both in theory and in using financial markets data to test the basic theory and practice of portfolio choice and equilibrium pricing models and their implications for efficient portfolios.
BUFN765
(Perm Req)
Fixed Income Derivatives
Credits: 2
Grad Meth: Reg
Prerequisite: BUFN762.
Restriction: Must be in one of the following programs (Business and Management (Master's); Business and Management (Master's)).
Credit only granted for: BUFN765 or BUFN744.
Surveys fixed income assets and related securities such as Exchange-traded bond options; bonds with embedded options; floating rate notes; caps, collars, and floors; floating rate notes with embedded options. Also surveys advanced tools for interest-rate and fixed-income portfolio management, including the use of derivative securities, and the application of binomial trees for analysis of options, and a sound understanding of stochastic yield curves.
BUFN766
(Perm Req)
Financial Engineering
Credits: 2
Grad Meth: Reg
Prerequisite: BUFN740.
Restriction: Must be in one of the following programs (Business and Management (Master's); Business and Management (Master's)).
Credit only granted for: BUFN742 or BUFN766.
Develop Excel and Visual Basic (VBA) models to solve problems related t portfolio management, options valuation, fixed income securities, interest rate processes, and risk management. This course thus bridges theory with the design of algorithms and models that can be directly applied in practice.
BUFN770
(Perm Req)
International Investment
Credits: 2
Grad Meth: Reg
Prerequisite: BUSI640.
Restriction: Must be in one of the following programs (Business and Management (Master's); Business and Management (Master's)).
Credit only granted for: BUFN721 or BUFN770.
Addresses international stock markets, portfolio theory, international interest rates, exchange rates and exchange rate derivatives (options, forwards, and futures), exchange rate swaps and exchange rate exposure (operating, translation, and transaction), foreign investment strategey.
BUFN771
(Perm Req)
International Corporate and Project Finance
Credits: 2
Grad Meth: Reg
Prerequisite: BUFN770.
Restriction: Must be in one of the following programs (Business and Management (Master's); Business and Management (Master's)).
Credit only granted for: BUFN724 or (BUFN770 and BUFN771).
Formerly: BUFN724.
Continuation of BUFN770. Issues addressed will include captial budgeting, project financing, exhange rate exposure (operating, translation, and transaction), foreign investment strategy, and risk management.
BUFN773
(Perm Req)
Institutional Asset Management
Credits: 2
Grad Meth: Reg
Prerequisite: BUSI640.
Restriction: Must be in one of the following programs (Business and Management (Master's); Business and Management (Master's)).
Credit only granted for: BUFN660, BUFN726, BUFN761 or BUFN773.
Examines how money is managed by organizations such as university endowments, pension funds, mutual funds, hedge funds, and private equity funds. Involves a mixture of finance and economics and emphasizes the incentives professional money managers face within the context of the organizational structure in which they operate. Particular attention is paid to compensation structures and monitoring mechanisms.