Hide Advanced Options
Courses - Fall 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.
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)
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.
Credit only granted for: BUFN758N of BUFN640.
Formerly: BUFN758N.
The course adopts a machine learning mindset to study standard techniques of econometric analysis of financial data. The focus is on understanding, interpretation, and practical applications in Python and Google Colab.
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.
Credit only granted for: BUFN758O or BUFN650.
Formerly: BUFN758O.
A hands-on course on applications of cutting-edge machine learning methods to financial modeling. It introduces students to a wide variety of machine learning techniques ranging from lasso regression to deep learning and TensorFlow.
BUFN712
(Perm Req)
Financial Restructuring
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: BUFN712 or BUFN752.
Formerly: BUFN752.
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.
BUFN716
(Perm Req)
Corporate Risk Management
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: BUFN716 or BUFN754.
Formerly: 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.
BUFN721
(Perm Req)
International Investment
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: BUFN721 or BUFN770.
Formerly: 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 strategy.
BUFN723
(Perm Req)
International Corporate and Project Finance
Credits: 2
Grad Meth: Reg
Prerequisite: BUFN610 and BUFN721.
Restriction: Must be in Business and Management (Master's) program; or permission of BMGT-Robert H. Smith School of Business.
Credit only granted for: BUFN723 or BUFN771.
Formerly: BUFN771.
Continuation of BUFN721. Issues addressed will include captial budgeting, project financing, exhange rate exposure (operating, translation, and transaction), foreign investment strategy, and risk management.
BUFN726
(Perm Req)
Institutional Asset 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: BUFN660, BUFN726, BUFN761 or BUFN773.
Formerly: 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.
BUFN730
(Perm Req)
Applied Equity Analysis
Credits: 2
Grad Meth: Reg
Prerequisite: BUFN610.
Restriction: Permission of BMGT-Robert H.
Credit only granted for: BUFN760 or BUFN730.
Formerly: BUFN760.
Provides in-depth analysis of public equities, with a focus on financial statement analysis, financial forecasting and ultimately valuation. Students will apply the primary valuation techniques used in industry to estimate market values for equities. Additionally, students learn how to stress test their financial models and interpret outcomes.
BUFN734
(Perm Req)
Portfolio Management
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: BUFN734 or BUFN763.
Formerly: 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.
BUFN738
(Perm Req)
Investment Fund Management; Investment Fund Management
Credits: 3
Grad Meth: Reg
Restriction: Permission of Department.
BUFN740
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.
BUFN742
(Perm Req)
Financial Engineering
Credits: 2
Grad Meth: Reg
Prerequisite: BUFN610.
Restriction: Permission of BMGT-Robert H.
Credit only granted for: BUFN742 or BUFN766.
Formerly: BUFN766.
Introduces and applies various computational techniques useful in the management of equity and fixed income portfolios and the valuation of financial derivatives and fixed income securities. Techniques include Monte Carlo Simulation and binomial/lattice pricing models. Emphasis is on bridging theory with the design of algorithms and models that can be directly applied in practice.
BUFN744
(Perm Req)
Fixed Income Derivatives
Credits: 2
Grad Meth: Reg
Prerequisite: BUFN610; and BUFN732.
Restriction: Must be in Business and Management (Master's) program; or permission of BMGT-Robert H. Smith School of Business.
Credit only granted for: BUFN765 or BUFN744.
Formerly: BUFN765.
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.
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.
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.
BUFN758A
(Perm Req)
Special Topics in Finance; Text Mining for Economics and Finance
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.
BUFN761
Derivative Securities
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: BUFN660, BUFN726, BUFN761 or BUFN773.
Formerly: BUFN726.
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.
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
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.
BUFN772
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: BUFN722, BUFN724, or BUFN772.
Formerly: BUFN722.
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.