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Courses - Spring 2019
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.
BUFN630
Valuation in Corporate Finance
Credits: 2
Grad Meth: Reg
Prerequisite: BUFN610.
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: BUFN630, BUFN714, BUFN750, BUFN753, or BMGT730.
Formerly: BUFN750.
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.
BUFN660
Derivative Securities
Credits: 2
Grad Meth: Reg
Prerequisite: BUFN610.
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: BUFN660, BUFN726, BUFN761 or BUFN773.
Formerly: BUFN761.
Standard types of derivatives contracts are presented, and illustrated as to how they are used in practice. The theory of pricing these contracts is then presented in detail. The use of static and dynamic replication strategies, and the concept of no-arbitrage strategies is illustrated in numerous ways. Standard valuation techniques are covered, and standard formulas are presented. The theory is then applied to develop specific pricing and hedging strategies for various types of derivatives on different underlying assets. The management of the exposure of various risks is covered in detail as well.
BUFN710
Financial Strategy for Corporations
Credits: 2
Grad Meth: Reg
Prerequisite: BUFN610; or permission of BMGT-Robert H. Smith School of Business.
Restriction: Permission of BMGT-Robert H. Smith School of Business; or must be in Business and Management (Master's) program.
Credit only granted for: BUFN751 or BUFN710.
Formerly: BUFN751.
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.
BUFN714
Corporate Governance and Performance
Credits: 2
Grad Meth: Reg
Prerequisite: BUFN610.
Restriction: Must be in Business and Management (Master's) program; or permission of BMGT-Robert H. Smith School of Business.
Credit only granted for: BUFN630, BUFN714, BUFN750, BUFN753, or BMGT730.
Formerly: BUFN753.
Deals with corporate governance and its impact on shareholder value. Divergence of interests between corporate insiders and providers of funds leads to agency problems which can impair corporate performance and shareholder value. Various instruments of corporate governance - internal as well as external mechanisms - that can help align managerial incentives with those of outside investors, and hence help restore shareholder value will be studied.
BUFN717
Entrepreneurial Finance and Private Equity
Credits: 2
Grad Meth: Reg
Prerequisite: BUFN610.
Restriction: Permission of BMGT-Robert H. Smith School of Business; or must be in Business and Management (Master's) program.
Credit only granted for: BUFN755 or BUFN717.
Formerly: BUFN755.
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.
BUFN724
Bank Management
Credits: 2
Grad Meth: Reg
Prerequisite: BUFN610.
Restriction: Must be in Business and Management (Master's) program; or permission of BMGT-Robert H. Smith School of Business.
Credit only granted for: BUFN724 or BUFN772.
Formerly: BUFN772.
Analyze and discuss readings in bank management,with primary focus on the measurement and management of risk, including credit, market, and interest rate risk. Look at the management of liquid reserves. Examine the special nature of financial institutions, incorporating their functions, policies, services, and regulation. Study the evolving nature of the financial services inductry, by reading the financial press and by having outside practitioner speakers. Focus is on U.S. banks.
BUFN730
Applied Equity Analysis
Credits: 2
Grad Meth: Reg
Prerequisite: BUFN610.
Restriction: Permission of BMGT-Robert H. Smith School of Business; or must be in Business and Management (Master's) program.
Credit only granted for: BUFN760 or BUFN730.
Formerly: BUFN760.
Students will learn to analyze equity securities using the basic EIC (Economy/Industry/Company) framework used in the financial industry, paying special attention to financial statement analysis. Students also will learn the primary valuation techniques used to estimate market values for equity securities.
BUFN732
Fixed Income Analysis
Credits: 2
Grad Meth: Reg
Prerequisite: BUFN610.
Restriction: Permission of BMGT-Robert H. Smith School of Business; or must be in Business and Management (Master's) program.
Credit only granted for: BUFN732 or BUFN762.
Formerly: 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.
BUFN736
Quantitative Investment Strategies
Credits: 2
Grad Meth: Reg
Prerequisite: BUFN610.
Restriction: Must be in a major in BMGT-Robert H. Smith School of Business; or must be in Business and Management (Master's) program.
Credit only granted for: BUFN764 or BUFN736.
Formerly: BUFN764.
Provides an introduction to quantitative techniques of selecting equities, as used commonly among long-short equity hedge funds and other quantitative equity asset management companies. Statistical factor models are developed to locate stocks with higher expected returns, based on the observable characteristics of the stocks. Implementation issues, including statistical estimation, backtesting and portfolio construction, are covered, as is performance evaluation.
BUFN738
(Perm Req)
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.
BUFN758E
(Perm Req)
Special Topics in Finance; Financial Programming
Credits: 2
Grad Meth: Reg
BUFN758L
(Perm Req)
Special Topics in Finance; FinTech: Business Disruptions, Innovations, and Opportunities
Credits: 2
Grad Meth: Reg
BUFN758M
(Perm Req)
Special Topics in Finance; Hedge Fund Management
Credits: 2
Grad Meth: Reg
BUFN758R
(Perm Req)
Special Topics in Finance; Financial Institute Risk Management
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
BUFN760
Applied Equity Analysis
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: BUFN730 or BUFN760.
Students will learn to analyze equity securities using the basic EIC (Economy/Industry/Company) framework used in the financial industry, paying special attention to financial statement analysis. Students also will learn the primary valuation techniques used to estimate market values for equity securities.
BUFN763
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.