Course Descriptions

Finance Courses

Faculty

Professors: Chenchuramaiah T. Bathala (Chair), Ravindra, R. Kamath, Alan K. Reichert; Associate Professors: Kenneth A. Borokhovich, F.C. Neil Myer; Associate Professors Emeriti: John A. Domonkos, Charles T. Rini, Jandhyala L. Sharma; Assistant Professors: Dalia Marciukaityte, Haigang Zhou; Term Instructors: Russell T. Raimer.

Course Descriptions

Note for courses noted "Formerly": the newer course numbers were effective as of Spring 2007.

FIN 201 Personal Financial Planning (3-0-3). Introduction to concepts in finance (risk, return, liquidity, horizon, inflation, and taxation) applied to personal financial planning; impact of career choice on discretionary income; basic financial planning; investing at low risk vs. aggressive investing; investing in real assets, commodities, and related topics. NOTE: B.B.A. students may take this course only as a free elective. Return to top

FIN 351 Introduction to Financial Management (4-0-4). Prerequisites: ACT 222, ECN 201, ECN 202. A study of the basic tools and concepts of financial management and their application to the areas of financial statement analysis, leverage, short-term and long-term financing, financial forecasting, time value of money, working capital management, investment banking, cost of capital, capital budgeting, capital structure, valuation, dividend policy, mergers and acquisitions, and multinational finance. Return to top

FIN 353 Introduction to Investments (4-0-4). Prerequisite: FIN 351. An introduction to the factors affecting changes in prices of securities and their relation to objectives of personal and institutional investors. The course introduces functions, operations, and workings of various securities markets, stock, bond, option and futures. It covers factors affecting the security prices, risk, and fundamental valuation principles of security prices. Its primary focus is on the understanding of the mechanics and terminology of various security markets, and the risk and fundamental valuation principles of security prices. Return to top

FIN 360 Financial Markets and Institutions (4-0-4). Prerequisite: FIN 351. An analysis of the financial instruments (including derivative securities) of both domestic and international institutions of the money and capital markets; plus the operations of financial intermediaries such as commercial banks, savings and loan associations, and insurance and investment companies. Return to top

FIN 454 Advanced Investments (4-0-4). Formerly FIN 354. Prerequisite: FIN 353. A more detailed consideration of factors studied in FIN 353, with particular emphasis on comprehensive industry analysis and common stocks, bonds, and options; portfolio theory and the portfolio management process. Course focuses upon detailed qualitative and fundamental valuation models for various financial securities; stocks, bonds, options and futures; and risk-return analysis. Emphasis is on institutional investors such as mutual funds and pension funds, and will include coverage of international investing. Return to top

FIN 461 Bank Management (4-0-4). Formerly FIN 361. Prerequisite: FIN 351. A study of the management of bank funds and the organization and structure of the commercial banking industry. Topics include the management of liquidity, investments, loans, liabilities, and capital; the impact of bank regulatory agencies and the changes in money and capital market conditions on the management of bank funds; evaluation of the performance of bank holding companies; and international banking. Return to top

FIN 465 International Finance and Investment (4-0-4). Formerly FIN 365. Prerequisite: FIN 351. A survey of international trade, foreign exchange markets, balance of payments, exchange rate determination, and official reserves; international corporate finance, capital budgeting, cash management, capital structure, cost of capital, transfer pricing, and tax management; accounting translation, hedging and international banking. Return to top

FIN 470 Introduction to Risk and Insurance (4-0-4). Formerly FIN 370. Prerequisite: FIN 351. An examination of risk, methods of handling risk, the insurance mechanism, characteristics of insurance, legal concepts underlying insurance contracts, risk management, captives, types of insurers, and insurance company operations. A variety of insurance products are covered, including homeowners' insurance, automobile insurance, umbrella coverage, title insurance, workers' compensation, life insurance, annuities, and health insurance. The emphasis of the course is on property and liability insurance. Return to top

FIN 471 Life and Health Insurance (4-0-4). Formerly FIN 371. Prerequisite: FIN 470. A study of principles and practices of providing personal and family security against the risks of death and ill health. The course also covers topics involving life insurance products, costs, pricing, settlement options, replacement, premium and costs computations, saving for retirement, annuity products and their costs, and social insurance. Return to top

FIN 473 CFA Level I Review (2 to 4 credits). Effective: Spring 2008. Prerequisite: FIN 353 and permission of instructor. Follows Chartered Financial Analyst Institute's curriculum in preparing students for the CFA Level I examination.  Coverage includes the following: ethics and professional standards; quantitative methods: statistics and time value principles; economics: macro, micro, and global; accounting: financial statement analysis; corporate finance; investment/valuation tools: equity investments, debt investments, derivative & alternative investments; and portfolio management. Return to top

*FIN 477 Real Estate Finance (4-0-4).Formerly FIN 377. Prerequisite: FIN 351. A discussion of major instruments of real estate financing, the mortgage market and key financial institutions, governmental involvement in mortgage markets, credit analysis, the methodologies for appraising residential properties, and other relevant topics. The course will emphasize the use of creative financing tools and their payment patterns by analyzing detailed examples. *Approved by the Ohio Association of Real Estate Boards Inc., as partial fulfillment of the Real Estate License requirements. Return to top

FIN 479 Real Estate Investment (4-0-4). Formerly FIN 379. Prerequisite: FIN 351. An analysis of factors which determine the investment returns and value of real estate vs. alternatives. The course introduces methodologies for appraising income-producing properties. Decision-making from the perspective of institutional, as well as individual investors, is examined. Estimation of risk and return is explored in an individual property and portfolio context. Return to top

FIN 480 Case Problems in Finance (4-0-4). Formerly FIN 380. Prerequisite: FIN 351. Case studies relating to long-term financing requirements, operating and financial leverage, dividend policy, cash budgeting, risk, working capital management, capital budgeting, cost of capital, management of earnings, valuation of the firm, and mergers and acquisitions. Return to top

FIN 484 Capital Budgeting Decisions (4-0-4). Formerly FIN 384. Prerequisite: FIN 351. A study of the theory and practice of capital budgeting in the global arena. Topics include capital budgeting techniques; and decisions involving replacement, make or buy, plant location, risk and uncertainty, lease evaluation, bond refunding, project abandonment, inflation, mergers and acquisitions, cost of capital, capital structure decisions, executive compensation, dividend policy and valuation. Return to top

FIN 490 Professional Internship (1 to 4 credits). Prerequisites: FIN 351, junior standing, permission of chairperson. Requires professional finance work experience in an organizational environment which extends the curriculum and provides meaningful experience related to the student's area of interest. Term report required. Return to top

FIN 493 Special Topics in Finance(1 to 4 credits): Practicum in Investment and Portfolio Management. Prerequisites: FIN 351, junior standing, permission of the instructor. (1-4 credits). Managing an investment portfolio of stocks, exchange traded funds (ETFs), and fixed income securities. Topics/responsibilities include investment research, security selection, teamwork, portfolio management, and performance evaluation. Return to top

FIN 493 Special Topics in Finance(1 to 4 credits):Prerequisite: FIN 351. A survey of topics of special interest to finance majors. Possible themes, topics, or issues include the following: working capital management, forecasting, practicum in investment management, options & futures, financial engineering, mergers and acquisitions, financial risk management, financial theory and other topics of a timely nature. Return to top

FIN 496 Independent Study (1 to 4 credits). Formerly FIN 491 Special Problems in Finance. Prerequisites: FIN 351 ssenior standing, approval of sponsoring faculty and department chairperson. A flexible content/structure course to enable qualified students to pursue independent study or field research in special areas of interest in finance under the supervision of a Finance faculty member. Requires faculty member approval and permission of department chair. Written proposal and final report required. Return to top

FIN 499 Honors Thesis in Finance (4 credits). Prerequisite: Restricted to senior finance honors students. Requires the honors student to conduct a piece of original research in finance under the supervision of a Finance faculty member. The thesis will be presented orally and submitted as a written report. Return to top

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Cleveland State University
2121 Euclid Avenue, MC 107A
Cleveland, OH 44115-2214
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