Finance (FINC)

FINC 1150  Fundamentals of Finance  3 Credits  
This course is a survey course, designed to explore principal concepts in corporate finance and some topics in personal finance. From the point of view of corporate finance, effective financial management, whether performed by the general manager in a small business or by a finance professional in a large corporation, is necessary for any business to successfully grow. From the point of view of personal finance, understanding how to assess risks of investable assets and how to value investable assets provides you with a preliminary overview of how you might start making investment decisions and managing your wealth. Specific topics are Structure and Governance of Corporate Entities; Principles of Accounting; Financial Statements Analysis; Time Value of Money and Net Present Value; Capital Budgeting Decisions; Stocks, Bonds and Other Financial Securities; Valuation of Financial Securities; Costs of Capital; Capital Structures; Stock Options; Mergers and Acquisitions; Personal Investments and Taxes; and Personal Portfolio Composition. The course focuses on applications of finance to assist students outside the Business School to understand corporate finance. Note: students will not be expected to have prior knowledge of course concepts although an understanding of accounting will be helpful.
Level: Undergraduate  
Grading: Main Campus (UGrad, Grad)  
Mutual exclusion: IDST 250, IDST 2420  
Course registration restrictions:

Students in the McDonough School of Business college may not enroll.

  
FINC 2101  Business Financial Management  3 Credits  
This foundational course in finance covers the functions of financial managers, financial markets, and financial analysis tools, and corporate financial decision making. It provides an introduction to cost of capital, investment analysis, capital budgeting and the valuation of securities.
Level: Undergraduate  
Prerequisites: (ACCT 101 or ACCT 1101)(OPIM 172 or OPAN 2102) or (OPIM 173 or OPAN 2101) or (ECON 121 or ECON 2110) or (INAF 320 or INAF 3200) or (MATH 040 or MATH 1040) or MATH 04- or (MATH 140 or MATH 2140) or (GOVT 201 or GOVT 2201)  
Course attribute:  
Grading: Main Campus (UGrad, Grad)  
Course registration restrictions:

Enrollment is limited to students with a major in Accounting, Accounting, Accounting, Accounting, Business Administration, Business Administration, Business Administration, Business Administration, Finance, Finance, Finance, Finance, Global Business, Global Business, Global Business, Global Business, Int'l Business Regional Stds, Int'l Business Regional Stds, Int'l Business Regional Stds, Int'l Business Regional Stds, International Business, International Business, International Business, International Business, Int'l Political Eco Business, Int'l Political Eco Business, Int'l Political Eco Business, Int'l Political Eco Business, Marketing, Marketing, Marketing, Marketing, Management, Management, Management, Management, Operations Information Mgmt, Operations Information Mgmt, Operations Information Mgmt, Operations Information Mgmt, Undeclared Business, Undeclared Business, Undeclared Business or Undeclared Business.

Enrollment limited to students in the McDonough School of Business college.

  
FINC 3101  Corporate Valuation  1.5 Credits  
This course focuses on core principles of how to value a businesses enterprise. Valuation helps address some of the fundamental questions faced by both investors as well as managers of a firm. For example, a security analyst typically wants to answer the question “Is this stock a good buy at the current price?”; a management consultant may ask “How does my client compare with its industry peers in terms of past performance and future prospects?”; a corporate manager may ask “is my firm valued properly by the investors?” The bulk of the course will involve the detailed mechanics of how to measure firm value through multiple hands-on exercises. Through learning those mechanics, students should gain an understanding of the ways a corporate enterprise can be valued.
Level: Undergraduate  
Prerequisites: (FINC 211 or FINC 2101)  
Grading: Main Campus (UGrad, Grad)  
Mutual exclusion: BADM 305, BADM 305  
Course registration restrictions:

Enrollment is limited to students with a program in Accounting, Accounting, Accounting, Accounting, Business Administration, Business Administration, Business Administration, Business Administration, Business and Global Affairs, Business and Global Affairs, Business and Global Affairs, Business and Global Affairs, Finance, Finance, Finance, Finance, Int'l Business Regional Stds, Int'l Business Regional Stds, Int'l Business Regional Stds, Int'l Business Regional Stds, International Business, International Business, International Business, International Business, Int'l Political Eco Business, Int'l Political Eco Business, Int'l Political Eco Business, Int'l Political Eco Business, Marketing, Marketing, Marketing, Marketing, Management, Management, Management, Management, Operations Information Mgmt, Operations Information Mgmt, Operations Information Mgmt, Operations Information Mgmt, Undeclared Business, Undeclared Business, Undeclared Business or Undeclared Business.

  
FINC 3102  Quantitative Investment Strat  1.5 Credits  
The objective of the course is to teach students about investment theory and practice, with a special focus on financial modeling and empirical analyses of equity portfolios and hedge/mutual fund strategies. The course will utilize a combination of academic studies, lecture notes, problem sets, and a term project to teach students about: (1) testing the empirical validity of asset pricing models; (2) developing tools for cross-sectional pricing of individual stocks; (3) forming long-short portfolios of equities based on firm characteristics, liquidity, risk, and behavioral factors; and (4) understanding of hedge/mutual funds’ trading strategies. The course will provide students with information and skills needed to succeed in careers in asset management, research, sales and trading.
Level: Undergraduate  
Prerequisites: (FINC 211 or FINC 2101)  
Grading: Main Campus (UGrad, Grad)  
Course registration restrictions:

Enrollment is limited to students with a program in Accounting, Accounting, Accounting, Accounting, Business Administration, Business Administration, Business Administration, Business Administration, Business and Global Affairs, Business and Global Affairs, Business and Global Affairs, Business and Global Affairs, Finance, Finance, Finance, Finance, Int'l Business Regional Stds, Int'l Business Regional Stds, Int'l Business Regional Stds, Int'l Business Regional Stds, International Business, International Business, International Business, International Business, Int'l Political Eco Business, Int'l Political Eco Business, Int'l Political Eco Business, Int'l Political Eco Business, Marketing, Marketing, Marketing, Marketing, Management, Management, Management, Management, Operations Information Mgmt, Operations Information Mgmt, Operations Information Mgmt, Operations Information Mgmt, Undeclared Business, Undeclared Business, Undeclared Business or Undeclared Business.

  
FINC 3103  Machine Learning for Finance  1.5 Credits  
The course introduces the students to the basic Machine Learning Tools that are essential to understand and work with Finance and FinTech data. Throughout the course, we will make use of the programming language R to implement all the concepts the students are introduced to. The course will equip the students with the necessary tools to analyze FinTech data, understand the current state FinTech, and be able to successfully work in FinTech firms.
Level: Undergraduate  
Prerequisites: (FINC 211 or FINC 2101)  
Grading: Main Campus (UGrad, Grad)  
Course registration restrictions:

Enrollment is limited to students with a program in Accounting, Accounting, Accounting, Accounting, Business Administration, Business Administration, Business Administration, Business Administration, Business and Global Affairs, Business and Global Affairs, Business and Global Affairs, Business and Global Affairs, Finance, Finance, Finance, Finance, Int'l Business Regional Stds, Int'l Business Regional Stds, Int'l Business Regional Stds, Int'l Business Regional Stds, International Business, International Business, International Business, International Business, Int'l Political Eco Business, Int'l Political Eco Business, Int'l Political Eco Business, Int'l Political Eco Business, Marketing, Marketing, Marketing, Marketing, Management, Management, Management, Management, Operations Information Mgmt, Operations Information Mgmt, Operations Information Mgmt, Operations Information Mgmt, Undeclared Business, Undeclared Business, Undeclared Business or Undeclared Business.

  
FINC 3104  Investments  1.5 Credits  
This course broadly covers financial markets and investing. This course should be especially useful to students considering careers in asset management (e.g., private wealth management, mutual funds, hedge funds, private equity), trading, and investment banking. The course starts by introducing the tools of disciplined investing and quantitative portfolio management. Students will then learn about factor investing (value and momentum strategies), optimal trade execution, and performance evaluation of institutional investors such as pension funds, private equity funds, and hedge funds. The course also covers fixed income investing and credit markets.
Level: Undergraduate  
Prerequisites: (FINC 211 or FINC 2101)  
Grading: Main Campus (UGrad, Grad)  
Course registration restrictions:

Enrollment is limited to students with a major in Accounting, Accounting, Accounting, Accounting, Business Administration, Business Administration, Business Administration, Business Administration, Finance, Finance, Finance, Finance, Int'l Business Regional Stds, Int'l Business Regional Stds, Int'l Business Regional Stds, Int'l Business Regional Stds, International Business, International Business, International Business, International Business, Int'l Political Eco Business, Int'l Political Eco Business, Int'l Political Eco Business, Int'l Political Eco Business, Marketing, Marketing, Marketing, Marketing, Management, Management, Management, Management, Operations Information Mgmt, Operations Information Mgmt, Operations Information Mgmt, Operations Information Mgmt, Undeclared Business, Undeclared Business, Undeclared Business or Undeclared Business.

Enrollment limited to students in the McDonough School of Business college.

  
FINC 3105  Global Financial Institutions  1.5 Credits  
This course focuses on the critical roles that international financial institutions and the government play in our financial system. We will be looking at a variety of financial institutions including banks (central banks, commercial banks, and investment banks), insurance companies, mutual funds, pension funds, hedge funds, and “shadow banks” – entities that don’t have bank charters but provide banking services such as money market funds and online lending platforms. What we will see is that the activities of these institutions are shaped by government policies, whether directly through explicit regulation (e.g., bank capital rules) or indirectly through the government’s role in financial markets (e.g. mortgage guarantees provided by Fannie Mae and Freddie Mac). Mainly, we will be looking at decisions through the lens of private financial institutions with government policy as an important factor in the background, but for some of the course we will look at issue through the government’s public policy lens.
Level: Undergraduate  
Prerequisites: (FINC 211 or FINC 2101)  
Grading: Main Campus (UGrad, Grad)  
Course registration restrictions:

Enrollment is limited to students with a major in Accounting, Accounting, Accounting, Accounting, Business Administration, Business Administration, Business Administration, Business Administration, Finance, Finance, Finance, Finance, Int'l Business Regional Stds, Int'l Business Regional Stds, Int'l Business Regional Stds, Int'l Business Regional Stds, International Business, International Business, International Business, International Business, Int'l Political Eco Business, Int'l Political Eco Business, Int'l Political Eco Business, Int'l Political Eco Business, Marketing, Marketing, Marketing, Marketing, Management, Management, Management, Management, Operations Information Mgmt, Operations Information Mgmt, Operations Information Mgmt, Operations Information Mgmt, Undeclared Business, Undeclared Business, Undeclared Business or Undeclared Business.

Enrollment limited to students in the McDonough School of Business college.

  
FINC 3106  Derivatives  1.5 Credits  
This course is designed to introduce the students to the theoretical and practical aspects of financial futures, options, and other derivatives. Derivatives have become one of the most important tools of modern finance, from both the academic and the practical standpoint. For example, the global derivatives market has grown to over $600 trillion notional value in total. Financial institutions and institutional investors regularly deal with the trading, valuation, and accounting of derivative securities. The main objective of this course is to help students gain the intuition and skills on how the important derivatives instruments and market work. First, it introduces students to the basic valuation models such as the cost-of-carry model, the binomial tree model, and the Black-Scholes model. Just as the discount cash flow framework allows us to value bonds and stocks (by discounting coupons and dividends), the basic valuation models introduced in this course allow us to arrive at an intrinsic value for a derivative security. Second, we demonstrate how derivative securities can be used to enrich investment strategies and enhance risk management. For example, we discuss the derivatives usage associated with foreign exchange rates used extensively in the setting of international risk management. Third, the course exposes students to the recent developments in the derivatives market, and discusses the characteristics of various innovative derivatives. The basic ideas of financial derivatives can also serve as building blocks to understand a much broader class of valuation issues, such as complex asset portfolios and strategic corporate decisions.
Level: Undergraduate  
Prerequisites: (FINC 211 or FINC 2101)  
Grading: Main Campus (UGrad, Grad)  
Course registration restrictions:

Enrollment is limited to students with a major in Accounting, Accounting, Accounting, Accounting, Business Administration, Business Administration, Business Administration, Business Administration, Finance, Finance, Finance, Finance, Int'l Business Regional Stds, Int'l Business Regional Stds, Int'l Business Regional Stds, Int'l Business Regional Stds, International Business, International Business, International Business, International Business, Int'l Political Eco Business, Int'l Political Eco Business, Int'l Political Eco Business, Int'l Political Eco Business, Marketing, Marketing, Marketing, Marketing, Management, Management, Management, Management, Operations Information Mgmt, Operations Information Mgmt, Operations Information Mgmt, Operations Information Mgmt, Undeclared Business, Undeclared Business, Undeclared Business or Undeclared Business.

Enrollment limited to students in the McDonough School of Business college.

  
FINC 3220  Real Estate Finance  1.5 Credits  
The course is structured to give the student an introduction to the principles of real estate with an emphasis in finance. Topics include real estate and the economy, financing residential properties, sales contracts, leases, appraisal, land use controls, and the real estate development process.
Level: Undergraduate  
Prerequisites: (FINC 211 or FINC 2101) and FINC 212  
Grading: Main Campus (UGrad, Grad)  
Course registration restrictions:

Enrollment is limited to students with a major in Accounting, Accounting, Accounting, Accounting, Business Administration, Business Administration, Business Administration, Business Administration, Finance, Finance, Finance, Finance, Int'l Business Regional Stds, Int'l Business Regional Stds, Int'l Business Regional Stds, Int'l Business Regional Stds, International Business, International Business, International Business, International Business, Int'l Political Eco Business, Int'l Political Eco Business, Int'l Political Eco Business, Int'l Political Eco Business, Marketing, Marketing, Marketing, Marketing, Management, Management, Management, Management, Operations Information Mgmt, Operations Information Mgmt, Operations Information Mgmt, Operations Information Mgmt, Undeclared Business, Undeclared Business, Undeclared Business or Undeclared Business.

Enrollment limited to students in the McDonough School of Business college.

  
FINC 3221  Community Development Clinic  1.5 Credits  
The Community Development Clinic is designed to offer Georgetown McDonough students an opportunity to understand how the built environment can work for the betterment of our society through a project-based approach that involves local municipalities. It may be difficult to understand given our Washington, DC home, but many local municipalities are overwhelmed with real estate assets that have physically degraded due in large part to changing economic realities of our global environment. These buildings once served their local community as a home for people and businesses, but are now only relics of a proud past. Communities across the world, especially small to medium-sized ones, lack the resources and capabilities to develop and execute multi-faceted economic development strategies. Many of these economic developers wear multiple hats in their communities, from actual or de facto planning directors to community booster. As a result, public assets remain underutilized and therefore public revenues. This course is specifically designed to function as a clinical environment where students spend a large percentage of their course time actively engaged in a consulting project with a local municipality. The nature of the projects will range, but the course endeavors to offer real estate-based solutions to problems of the municipality’s built environment. Students will spend meaningful time on-site with municipal personnel and receive direct oversight and instruction by Steers Center faculty.
Level: Undergraduate  
Prerequisites: (FINC 211 or FINC 2101)  
Grading: Main Campus (UGrad, Grad)  
Course registration restrictions:

Enrollment is limited to students with a program in Accounting, Accounting, Accounting, Accounting, Business Administration, Business Administration, Business Administration, Business Administration, Business and Global Affairs, Business and Global Affairs, Business and Global Affairs, Business and Global Affairs, Business Studies, Business Studies, Business Studies, Business Studies, Finance, Finance, Finance, Finance, Int'l Business Regional Stds, Int'l Business Regional Stds, Int'l Business Regional Stds, Int'l Business Regional Stds, Int'l Political Eco Business, Int'l Political Eco Business, Int'l Political Eco Business, Int'l Political Eco Business, Marketing, Marketing, Marketing, Marketing, Management, Management, Management, Management, Operations Analytics, Operations Analytics, Operations Analytics, Operations Analytics, Operations Information Mgmt, Operations Information Mgmt, Operations Information Mgmt, Operations Information Mgmt, Undeclared Business, Undeclared Business, Undeclared Business or Undeclared Business.

  
FINC 3225  Investment Banking  1.5 Credits  
The primary goal of the course is to provide a broad overview of the investment banking business and mergers and acquisitions. The first half of the class will deal with general investment banking topics, including the structure and direction of the securities industry and its participants, the securities offering process (focusing on initial public offerings), convertible and high yield debt securities, spin offs and carveouts. The second half of the course will examine mergers and acquisitions. Topics to be covered include deal design and structure, valuation of synergies, deal tactics, hostile takeovers, and private equity. The course will have a case orientation.
Level: Undergraduate  
Prerequisites: FINC 212 (may be taken concurrently)  
Grading: Main Campus (UGrad, Grad)  
Course registration restrictions:

Enrollment is limited to students with a major in Accounting, Accounting, Accounting, Accounting, Business Administration, Business Administration, Business Administration, Business Administration, Finance, Finance, Finance, Finance, International Business, International Business, International Business, International Business, Marketing, Marketing, Marketing, Marketing, Management, Management, Management, Management, Operations Information Mgmt, Operations Information Mgmt, Operations Information Mgmt, Operations Information Mgmt, Undeclared Business, Undeclared Business, Undeclared Business or Undeclared Business.

Enrollment limited to students in the McDonough School of Business college.

  
FINC 3226  Hedge Fund Investing  1.5 Credits  
Develop an understanding of the hedge fund investing ecosystem. Who are the key stakeholders and how do they interact? What are the key strategies and what roles do they play in portfolios? What are the key risks and what can go wrong?
Level: Undergraduate  
Prerequisites: FINC 211 or FINC 2101  
Grading: Main Campus (UGrad, Grad)  
Course registration restrictions:

Enrollment is limited to students with a program in Accounting, Accounting, Accounting, Accounting, Business Administration, Business Administration, Business Administration, Business Administration, Business and Global Affairs, Business and Global Affairs, Business and Global Affairs, Business and Global Affairs, Business Studies, Business Studies, Business Studies, Business Studies, Finance, Finance, Finance, Finance, Global Business, Global Business, Global Business, Global Business, Intl Business, LangCulture, Intl Business, LangCulture, Intl Business, LangCulture, Intl Business, LangCulture, Int'l Business Regional Stds, Int'l Business Regional Stds, Int'l Business Regional Stds, Int'l Business Regional Stds, Int'l Political Eco Business, Int'l Political Eco Business, Int'l Political Eco Business, Int'l Political Eco Business, Marketing, Marketing, Marketing, Marketing, Operations Analytics, Operations Analytics, Operations Analytics, Operations Analytics, Operations Information Mgmt, Operations Information Mgmt, Operations Information Mgmt, Operations Information Mgmt, Undeclared Business, Undeclared Business, Undeclared Business or Undeclared Business.

  
FINC 3231  Finance Decisions in Sports  1.5 Credits  
Standard economic theory assumes that participants are rational agents who prioritize profit maximization. However, the world of sports is unique. Individuals within the sports world can operate with high emotional sentiment and often face unique incentives which can lead to different outcomes not supported by traditional financial theory. The goal of this class is to examine decisions that individuals in the sports world face, understand what standard financial theory suggests the rational decisions should be, and then examine why the observed decisions are similar to or different than what standard theory suggests. Students will be introduced to basic finance theory, behavioral finance concepts, and tools of game theory to better understand financial decision making in sports. Class is expected to be a mix of lecture and discussion. Students are expected to complete a pre class assignment ahead of each class to help them be prepared for the course discussion.
Level: Undergraduate  
Grading: Main Campus (UGrad, Grad)  
Course registration restrictions:

Enrollment is limited to Graduate or Undergraduate level students.

Enrollment limited to students in the McDonough School of Business college.

  
FINC 3245  Fixed Income Securities  1.5 Credits  
The objective of this course is to provide an on overview of fixed income markets and securities. The course will be useful to students who are interested in pursuing careers in corporate finance, banking or investment management. The course will provide highly practical information as well as theoretical information regarding US Government and foreign government securities, corporate bonds, municipal bonds, asset backed securities, hybrid securities, bond funds, and strategies related to investing in and issuing fixed income securities. During each class, in addition to discussing the theory critical to understanding the fixed income markets, we will discuss the current market environment and real-life decisions that finance professionals must make in this environment.
Level: Undergraduate  
Prerequisites: (FINC 211 or FINC 2101)  
Grading: Main Campus (UGrad, Grad)  
Course registration restrictions:

Enrollment is limited to students with a program in E, Accounting, Accounting, Accounting, Accounting, Accounting, Accounting, Accounting, Accounting, Business Administration, Business Administration, Business Administration, Business Administration, Business Administration, Business Administration, Business Administration, Business Administration, Business and Global Affairs, Business and Global Affairs, Business and Global Affairs, Business and Global Affairs, Business and Global Affairs, Business and Global Affairs, Business and Global Affairs, Business and Global Affairs, Finance, Finance, Finance, Finance, Finance, Finance, Finance, Finance, Int'l Business Regional Stds, Int'l Business Regional Stds, Int'l Business Regional Stds, Int'l Business Regional Stds, Int'l Business Regional Stds, Int'l Business Regional Stds, Int'l Business Regional Stds, Int'l Business Regional Stds, International Business, International Business, International Business, International Business, International Business, International Business, International Business, International Business, Int'l Political Eco Business, Int'l Political Eco Business, Int'l Political Eco Business, Int'l Political Eco Business, Int'l Political Eco Business, Int'l Political Eco Business, Int'l Political Eco Business, Int'l Political Eco Business, Marketing, Marketing, Marketing, Marketing, Marketing, Marketing, Marketing, Marketing, Management, Management, Management, Management, Management, Management, Management, Management, Operations Information Mgmt, Operations Information Mgmt, Operations Information Mgmt, Operations Information Mgmt, Operations Information Mgmt, Operations Information Mgmt, Operations Information Mgmt, Operations Information Mgmt, Undeclared Business, Undeclared Business, Undeclared Business, Undeclared Business, Undeclared Business, Undeclared Business, Undeclared Business or Undeclared Business.

  
FINC 3246  Asset Management  1.5 Credits  
Asset Management: An Overview of the Global World of Institutional Investing The primary purpose of this class is to familiarize students with the global landscape of institutional investing. The class aims to balance conceptual foundations with real world practice. Students will learn about the main types of institutional portfolios, the evolution of money, the structure of major financial markets, the principles of portfolio management and a series of case studies featuring senior practitioners.

The class includes three core components: (1) a strong emphasis on active in-class participation, (2) practical quantitative and qualitative analysis, and (3)a set of required readings selected to support the topics covered in class. Course evaluation will reflect all three components. Students complete short written assignments as well as an in-class, closed-book final exam.
Level: Undergraduate  
Prerequisites: (FINC 211 or FINC 2101)  
Grading: Main Campus (UGrad, Grad)  
Course registration restrictions:

Enrollment is limited to students with a program in Accounting, Accounting, Accounting, Accounting, Business Administration, Business Administration, Business Administration, Business Administration, Business and Global Affairs, Business and Global Affairs, Business and Global Affairs, Business and Global Affairs, Finance, Finance, Finance, Finance, Int'l Business Regional Stds, Int'l Business Regional Stds, Int'l Business Regional Stds, Int'l Business Regional Stds, International Business, International Business, International Business, International Business, Int'l Political Eco Business, Int'l Political Eco Business, Int'l Political Eco Business, Int'l Political Eco Business, Marketing, Marketing, Marketing, Marketing, Management, Management, Management, Management, Operations Information Mgmt, Operations Information Mgmt, Operations Information Mgmt, Operations Information Mgmt, Undeclared Business, Undeclared Business, Undeclared Business or Undeclared Business.

  
FINC 3247  Mergers Acquisitions  1.5 Credits  
This course is geared towards students majoring in finance or accounting and is meant to serve as an introduction to the mergers and acquisitions landscape from a practitioner’s perspective. The emphasis will be on the middle market and how mergers and acquisitions play an important role for a variety of business owners and constituents. The course will encourage creative and critical thinking with imperfect information. Topics covered include: • Purpose - What is the rationale for mergers and acquisitions? What are the different types of sellers? How are the motivations for M&A similar and disperse? What are the major differences between large public M&A and M&A in the middle market? • Process - How does a company prepare for sale and go to market? What is the process of marketing a company? What are some key considerations before marketing? How does the type of sale impact process? • Buyers – What are major buyer motivations for M&A? Who are the different camps of buyers? How has the growth of private equity changed the selling dynamic? • Valuation – What are the different modes of valuation? What are their limitations? What are synergy considerations? How can synergies be valued? What are strategies to bridge valuation gaps between buyers and sellers? • Deal Structuring & Financing – How are considerations for corporate buyers similar and different from private equity buyers? How has the growth of private equity and private credit changed structing and financing options and considerations? What are capital structure considerations? How are they modeled? What are the limitations of financial modeling? • Due Diligence and Documentation – What are the key aspects to diligence a company? What is the process? What is the role of third-party advisors? What are the key legal structures and core business terms in purchase agreements? Why are they relevant? • Integration – What elements lead to success in M&A? What leads to failure? What are the lessons learned?
Level: Undergraduate  
Grading: Main Campus (UGrad, Grad)  
Course registration restrictions:

Enrollment is limited to students with a program in Accounting, Accounting, Accounting, Accounting, Business Administration, Business Administration, Business Administration, Business Administration, Business and Global Affairs, Business and Global Affairs, Business and Global Affairs, Business and Global Affairs, Finance, Finance, Finance, Finance, Int'l Business Regional Stds, Int'l Business Regional Stds, Int'l Business Regional Stds, Int'l Business Regional Stds, Int'l Political Eco Business, Int'l Political Eco Business, Int'l Political Eco Business, Int'l Political Eco Business, Marketing, Marketing, Marketing, Marketing, Management, Management, Management, Management, Undeclared Business, Undeclared Business, Undeclared Business or Undeclared Business.

  
FINC 3250  International Finance  1.5 Credits  
This course extends financial management principles to the international context, and treats a series of topics specific to international concerns. Three cases bring these topics together: currency institutions and internationalization, currency hedging and positioning, and international cost of capital.
Level: Undergraduate  
Prerequisites: (FINC 211 or FINC 2101)  
Grading: Main Campus (UGrad, Grad)  
Course registration restrictions:

Enrollment is limited to students with a major in Accounting, Accounting, Accounting, Accounting, Business Administration, Business Administration, Business Administration, Business Administration, Finance, Finance, Finance, Finance, Int'l Business Regional Stds, Int'l Business Regional Stds, Int'l Business Regional Stds, Int'l Business Regional Stds, International Business, International Business, International Business, International Business, Int'l Political Eco Business, Int'l Political Eco Business, Int'l Political Eco Business, Int'l Political Eco Business, Marketing, Marketing, Marketing, Marketing, Management, Management, Management, Management, Operations Information Mgmt, Operations Information Mgmt, Operations Information Mgmt, Operations Information Mgmt, Undeclared Business, Undeclared Business, Undeclared Business or Undeclared Business.

Enrollment limited to students in the McDonough School of Business college.

  
FINC 3251  Corp Governance Valuation  3 Credits  
Recent corporate scandals have put the spotlight on the importance of effective corporate governance. This course will examine the financial aspects of corporate governance and its effect on value creation for shareholders. Various readings and case studies will be used to provide students with real-life examples of the key elements of corporate governance. The course is geared toward undergraduate business students who are majoring in Finance. This course is ideal for students who are considering careers in corporate finance, investment banking, auditing, or law. To be successful in this course a student should possess strong analytical and communication skills. The emphasis of the course will be on the impact of corporate governance decisions on the value of the firm and value creation for shareholders of publicly traded firms. The course will apply valuation techniques to case studies involving corporate governance decisions within firms.
Level: Undergraduate  
Prerequisites: (FINC 211 or FINC 2101) and FINC 212  
Grading: Main Campus (UGrad, Grad)  
Course registration restrictions:

Enrollment is limited to students with a major in Accounting, Accounting, Accounting, Accounting, Business Administration, Business Administration, Business Administration, Business Administration, Finance, Finance, Finance, Finance, Int'l Business Regional Stds, Int'l Business Regional Stds, Int'l Business Regional Stds, Int'l Business Regional Stds, International Business, International Business, International Business, International Business, Int'l Political Eco Business, Int'l Political Eco Business, Int'l Political Eco Business, Int'l Political Eco Business, Marketing, Marketing, Marketing, Marketing, Management, Management, Management, Management, Operations Information Mgmt, Operations Information Mgmt, Operations Information Mgmt, Operations Information Mgmt, Undeclared Business, Undeclared Business, Undeclared Business or Undeclared Business.

Enrollment limited to students in the McDonough School of Business college.

  
FINC 3257  Financial Analysis Modeling  3 Credits  
This course is about financial models and their use and simulation using Microsoft Excel. The models covered consider Portfolio Optimization, Option Pricing, and Fixed Income Securities. While you have been presented with these topics in other classes, this course emphasizes on the hands-on experience with spreadsheet modeling.
Level: Undergraduate  
Grading: Main Campus (UGrad, Grad)  
Course registration restrictions:

Enrollment is limited to students with a major in Accounting, Accounting, Accounting, Accounting, Business Administration, Business Administration, Business Administration, Business Administration, Finance, Finance, Finance, Finance, International Business, International Business, International Business, International Business, Marketing, Marketing, Marketing, Marketing, Management, Management, Management, Management, Operations Information Mgmt, Operations Information Mgmt, Operations Information Mgmt, Operations Information Mgmt, Undeclared Business, Undeclared Business, Undeclared Business or Undeclared Business.

  
FINC 3258  FinTech  3 Credits  
The course introduces the students to three broad areas of FinTech. The first is machine learning, which is an essential element to understand and work with FinTech data. The second is robo-advising, and the third is cryptocurrencies and blockchains. Throughout the course, we will make use of the programming language R to implement all the concepts the students are introduced to. The course will equip the students with the necessary tools to analyze FinTech data, understand the current state FinTech, and be able to successfully work in FinTech firms.
Level: Undergraduate  
Prerequisites: (FINC 211 or FINC 2101)  
Grading: Main Campus (UGrad, Grad)  
FINC 3259  Financial Regulatory Policy  1.5 Credits  
The course will be dedicated to learning about investor protection regulatory regime in the United States. The focus will be on gaining greater understanding of the U.S. Securities laws, as applied to issuers and financial markets intermediaries (e.g. broker dealers, financial analysts, auditors, and financial advisers).
Level: Undergraduate  
Prerequisites: (FINC 211 or FINC 2101) or (ACCT 102 or ACCT 2101)  
Grading: Main Campus (UGrad, Grad)  
Course registration restrictions:

Enrollment is limited to students with a program in Accounting, Accounting, Accounting, Accounting, Business Administration, Business Administration, Business Administration, Business Administration, Business Studies, Business Studies, Business Studies, Business Studies, Finance, Finance, Finance, Finance, Global Business, Global Business, Global Business, Global Business, Int'l Business Regional Stds, Int'l Business Regional Stds, Int'l Business Regional Stds, Int'l Business Regional Stds, Int'l Political Eco Business, Int'l Political Eco Business, Int'l Political Eco Business, Int'l Political Eco Business, Marketing, Marketing, Marketing, Marketing, Management, Management, Management, Management, Operations Analytics, Operations Analytics, Operations Analytics, Operations Analytics, Operations Information Mgmt, Operations Information Mgmt, Operations Information Mgmt, Operations Information Mgmt, Undeclared Business, Undeclared Business, Undeclared Business or Undeclared Business.

  
FINC 3262  Applied Value Investing  1.5 Credits  
In this course we will establish a foundational knowledge of value investing and its various supporting concepts from empirical data and publications. This knowledge base will be brought to life through detailed discussions of real-world investment examples. The class will culminate with students applying what they’ve learned by selecting a stock to research, submitting a written investment summary, and pitching the stock to the class.
Level: Undergraduate  
Prerequisites: (FINC 211 or FINC 2101)  
Grading: Main Campus (UGrad, Grad)  
Course registration restrictions:

Enrollment is limited to students with a program in Accounting, Accounting, Accounting, Accounting, Business Administration, Business Administration, Business Administration, Business Administration, Business and Global Affairs, Business and Global Affairs, Business and Global Affairs, Business and Global Affairs, Finance, Finance, Finance, Finance, Int'l Business Regional Stds, Int'l Business Regional Stds, Int'l Business Regional Stds, Int'l Business Regional Stds, International Business, International Business, International Business, International Business, Int'l Political Eco Business, Int'l Political Eco Business, Int'l Political Eco Business, Int'l Political Eco Business, Marketing, Marketing, Marketing, Marketing, Management, Management, Management, Management, Operations Information Mgmt, Operations Information Mgmt, Operations Information Mgmt, Operations Information Mgmt, Undeclared Business, Undeclared Business, Undeclared Business or Undeclared Business.

  
FINC 3263  Sustainable Investing  1.5 Credits  
This course is geared towards students in business school and also programs geared towards environment and sustainability management. We will examine issues related to Environmental, Social and Governance (ESG) investing. Topics covered include: • ESG Performance – What has been the historical risk and return of incorporating ESG factors? Are there costs to ESG investing? • ESG Ratings – Who are the different raters? How are ratings estimated? What do the ratings measure? What are the similarities and differences between the ratings? • Investors – Why have investors become interested in ESG? How do institutional investors consider the tradeoff between fiduciary responsibility, performance, and other factors? • ESG Factors – How are ESG factors incorporated in investment and portfolio decisions? How do they impact performance? What is the role of active managers versus passive indexing? • Companies – How are companies responding and incorporating ESG? • Do investors vote with their feet (portfolio composition) and/or vote with their voice (proxy voting and engagement)? • Policy and Regulatory Issues – Is ESG disclosure by companies needed? If yes, what form should it take?
Level: Undergraduate  
Prerequisites: (FINC 211 or FINC 2101)  
Grading: Main Campus (UGrad, Grad)  
Course registration restrictions:

Enrollment is limited to students with a program in Accounting, Accounting, Accounting, Accounting, Business Administration, Business Administration, Business Administration, Business Administration, Business and Global Affairs, Business and Global Affairs, Business and Global Affairs, Business and Global Affairs, Finance, Finance, Finance, Finance, Int'l Business Regional Stds, Int'l Business Regional Stds, Int'l Business Regional Stds, Int'l Business Regional Stds, Int'l Political Eco Business, Int'l Political Eco Business, Int'l Political Eco Business, Int'l Political Eco Business, Marketing, Marketing, Marketing, Marketing, Management, Management, Management, Management, Operations Information Mgmt, Operations Information Mgmt, Operations Information Mgmt, Operations Information Mgmt, Undeclared Business, Undeclared Business, Undeclared Business or Undeclared Business.

  
FINC 3265  Private Equity  1.5 Credits  
Entrepreneurial Finance and Private Equity will explore the explosive growth in this industry and demystify the tools that private equity professionals use to evaluate, purchase, manage, and sell small and midsized businesses. The course will provide an overview of how private equity firms are structured and how they operate. You will learn how to value a business, how to negotiate the terms of the purchase, how to choose among numerous securities and financing structures, and how to successfully exit the business. The course will also explore the complications and problems that often occur between the buying and selling of a business. A basic understanding of financial statements is helpful, but all the financial concepts covered in this course will be taught in class. Course material will be presented primarily through case studies and selected readings. Class participation is important as students will learn from each other as they discuss the problems presented in each case. This course will be beneficial to anyone interested in building, managing, investing in, or buying a business someday either as an entrepreneur or as a private equity professional.
Level: Undergraduate  
Grading: Main Campus (UGrad, Grad)  
Course registration restrictions:

Enrollment limited to students in the McDonough School of Business college.

  
FINC 3266  Venture Capital  1.5 Credits  
What do Apple Computers, Facebook, and Google have in common? All of these companies received financing and advice from a distinct source of capital broadly defined as Venture Capital. The impact of this source of capital is considerably larger than its size. It is frequently cited as one of the main reasons why entrepreneurial activity is much higher in the United States compared to the other parts of the world. On the other hand popular press has sometimes demonized venture capitalist as “Vulture Capitalist” seeking to hoodwink hard working entrepreneurs in giving away their companies for cheap. This course aims to increase students’ understanding of how these organizations are structured and operate, why they take the form they do, and what special challenges and opportunities this industry faces. Every year thousands of new ventures are started and a nearly equal number of existing businesses are closed down. Almost all of these ventures are single founder/employee type of ventures where the founder has neither the desire nor the possibility of creating a significant business organization. A small fraction of such ventures, however, hold the promise to grow into large businesses. The vast majority of such “high growth potential” startups are in the Technology and Life Sciences industry. For most of these startups, Venture Capital is most important source of funding their launch and growth. In this course we shall devote significant amount of time on understanding the role of Venture Capital (and to a lesser degree on Angel Investors) in financing new start-ups. The course requires and reinforces the skills needed to analyze a business with a strong emphasis on financing deal terms and valuation techniques. The course concludes by examining the harvesting of entrepreneurial ventures whereby the entrepreneur and the financiers realize the returns for their effort. The course is driven almost exclusively by case studies, many of which are based on start-ups or young firms.
Level: Undergraduate  
Prerequisites: FINC 211 or FINC 2101  
Grading: Main Campus (UGrad, Grad)  
Course registration restrictions:

Enrollment is limited to students with a program in Accounting, Accounting, Accounting, Accounting, Business Administration, Business Administration, Business Administration, Business Administration, Business and Global Affairs, Business and Global Affairs, Business and Global Affairs, Business and Global Affairs, Business Studies, Business Studies, Business Studies, Business Studies, Finance, Finance, Finance, Finance, Global Business, Global Business, Global Business, Global Business, Int'l Business Regional Stds, Int'l Business Regional Stds, Int'l Business Regional Stds, Int'l Business Regional Stds, Int'l Political Eco Business, Int'l Political Eco Business, Int'l Political Eco Business, Int'l Political Eco Business, Marketing, Marketing, Marketing, Marketing, Management, Management, Management, Management, Operations Analytics, Operations Analytics, Operations Analytics, Operations Analytics, Operations Information Mgmt, Operations Information Mgmt, Operations Information Mgmt, Operations Information Mgmt, Undeclared Business, Undeclared Business, Undeclared Business or Undeclared Business.

Enrollment is limited to Undergraduate level students.

  
FINC 4150  Fundamentals of Finance  3 Credits  
This course is a survey course, designed to explore principal concepts in corporate finance and some topics in personal finance. From the point of view of corporate finance, effective financial management, whether performed by the general manager in a small business or by a finance professional in a large corporation, is necessary for any business to successfully grow. From the point of view of personal finance, understanding how to assess risks of investable assets and how to value investable assets provides you with a preliminary overview of how you might start making investment decisions and managing your wealth. Specific topics are Structure and Governance of Corporate Entities; Principles of Accounting; Financial Statements Analysis; Time Value of Money and Net Present Value; Capital Budgeting Decisions; Stocks, Bonds and Other Financial Securities; Valuation of Financial Securities; Costs of Capital; Capital Structures; Stock Options; Mergers and Acquisitions; Personal Investments and Taxes; and Personal Portfolio Composition. The course focuses on applications of finance to assist students outside the Business School to understand corporate finance. Note: students will not be expected to have prior knowledge of course concepts although an understanding of accounting will be helpful.
Level: Graduate, Undergraduate  
Grading: Main Campus (UGrad, Grad)  
Course registration restrictions:

Enrollment is limited to students with a major in Physics, Physics, Physics or Physics.

Enrollment is limited to Graduate level students.

  
FINC 4949  Tutorial: Finance  0-3 Credits  
Level: Undergraduate  
Grading: Main Campus (UGrad, Grad)  
FINC 5100  Global Mkts, Instruments Inst  3 Credits  
Global Financial Instruments and Institutions builds upon and extends the material from the basic financial information that is developed in the Foundations Boot Camp. The course will examine and build on these tools to help participants gain a clear understanding of finance from the perspective of a financial executive if an international firm or an international investor using the global capital markets. The course will be concerned with understanding the international finance environment and the implication of exchange rates on firm value and investments. This includes the understanding of the determinants of exchange rates and the international currency markets, including institutional structures and underlying economics. Risk transfer tools are extremely powerful and not always appreciated tools in finance. We introduce forwards, futures, options, and swaps and show how they can be used to both reduce or take on risk. The focus on risk management will include hedging practices of international firms.
Level: Graduate, Undergraduate  
Grading: Main Campus (UGrad, Grad)  
FINC 5101  Sustainable Finance  1.5 Credits  
This course aims to equip students to analyze sustainable finance and become familiar with the range of current approaches being pursued. The class will be in seminar format and students will be expected to participate actively in class.
Level: Graduate, Undergraduate  
Grading: Main Campus (UGrad, Grad)  
Course registration restrictions:

Enrollment is limited to Graduate level students.

  
FINC 5102  Financial Policy  1.5 Credits  
This course aims to develop a deep understanding of the ways that financial policy, regulations, and macroeconomic and technological trends influence the evolution of financial markets. The course takes the perspective of policy makers and arms participants with knowledge about how real-life financial markets function and how banks, hedge funds and financial institutions profit from a changing technological, competitive, and regulatory environment. The financial industry is a complex and ever-evolving landscape, encompassing a multitude of topics and issues that are essential to understanding its inner workings. Among these topics are financial markets, banking crises, capital standards and liquidity, investment banking, and emerging business models, to name a few. This course will use case studies to enable participants to understand the real-life implications of financial policy. It is expected that students will be prepared to present on the case and to discuss it fluently during class, sometimes engaging in vigorous debate on the policy matter or administrative decision at hand.
Level: Graduate, Undergraduate  
Grading: Main Campus (UGrad, Grad)  
Course registration restrictions:

Enrollment is limited to Graduate level students.

  
FINC 5103  Market Structure  3 Credits  
Vibrant capital markets depend upon an important ecosystem of investors, brokers, exchanges, depositories, settlement institutions, and regulators. This course provides participants with a basic foundation in market structure and the mechanics of how securities and derivatives are issued, traded, cleared, and settled in the various countries around the world and for different asset classes. It builds upon the previous course in financial instruments and institutions to develop a workable appreciation of the mechanics of how markets actually operate. Current topics such as the role and responsibilities of intermediaries, the differences between public and private markets, experiences with financial market linkages, the challenges in creating a consolidated tape, the issues around mutual recognition and the classification of markets as Developed, Emerging and Frontier will be covered.
Level: Graduate, Undergraduate  
Grading: Main Campus (UGrad, Grad)  
FINC 5104  Fintech, Blockchain, Crypto  1.5 Credits  
Fintech is the application of technology to finance. This is both an old and new tradition in finance. Financial firms have often been the first users of innovative technology. Obtaining and interpreting information faster than competitors, along with innovating new products and processes can provide a competitive edge. This course will start with an overview of Fintech, giving a brief overview of all topics that will be covered in the class. We will then explore the rapidly evolving digital asset space and learn about blockchains, cryptocurrencies, and decentralized finance (DeFi). We will then turn to the various “verticals” in fintech including open banking, payments, borrowing/lending, capital markets, investments, insurtech, regtech, and more.
Level: Graduate, Undergraduate  
Grading: Main Campus (UGrad, Grad)  
FINC 5500  Finc MarketsCorpDecMaking1  1.5 Credits  
Level: Graduate, Undergraduate  
Grading: Main Campus (UGrad, Grad)  
Course registration restrictions:

Enrollment limited to students in the MS-MGTM program.

  
FINC 5505  Finc MarketsCorpDecMaking2  1.5 Credits  
Level: Graduate, Undergraduate  
Grading: Main Campus (UGrad, Grad)  
Course registration restrictions:

Enrollment limited to students in the MS-MGTM program.

  
FINC 5560  Principles of Real Assets  1.5 Credits  
The real assets industry is undergoing significant upheaval due to the massively disruptive effects of the Global Pandemic coupled with the abrupt rise in interest rates for an asset class that is heavily debt-dependent. This course will introduce the student to the real assets industry and the people and firms who are leading the business. Students will also gain an introductory knowledge of topical areas that will be discussed throughout the MS-GRA program including, time value of money, valuation, capital markets, sustainability, and housing affordability. The course will leverage our Washington, DC location for access to people and projects that are highly relevant to the city and our collective future.
Level: Graduate, Undergraduate  
Grading: Main Campus (UGrad, Grad)  
Course registration restrictions:

Enrollment limited to students in the MS-GLRA program.

Enrollment is limited to Graduate level students.

  
FINC 6200  Finance Essentials  1.5 Credits  
Finance Essentials introduces MBA students to foundational financial principles and tools critical for decision-making in both capital markets and within firms. Students will learn the mechanics of time value of money, valuation of stocks and bonds, and the principles of risk and return. Through the lens of real-world business decisions and interactive cases, students will build fluency in using financial models to assess value and understand how capital is priced in financial markets.
Level: Graduate  
Grading: Main Campus (UGrad, Grad)  
Mutual exclusion: FINC 6500  
Course registration restrictions:

Enrollment limited to students in the MBA-BADM, MBA-NMBA or MBA-NMBA-O programs.

Enrollment is limited to Graduate level students.

  
FINC 6250  Corporate Finance  1.5 Credits  
Corporate Finance builds on foundational financial tools to examine how firms make long-term investment decisions, finance those investments, and determine optimal capital structure. Students develop a strong understanding of how corporations are valued and how financial decisions drive firm value. The course explores capital budgeting, capital structure theory, corporate valuation techniques, and the use of derivatives for risk management. Real-world case studies challenge students to apply these tools to strategic financial decisions under uncertainty.
Level: Graduate  
Grading: Main Campus (UGrad, Grad)  
Mutual exclusion: FINC 6500  
Course registration restrictions:

Enrollment limited to students in the MBA-BADM, MBA-NMBA or MBA-NMBA-O programs.

Enrollment is limited to Graduate level students.

  
FINC 6531  Valuation  1.5 Credits  
"This course focuses on core principles of how to value a business enterprise. Valuation helps address some of the fundamental questions faced by both investors as well as managers of a firm. For example, a security analyst typically wants to answer the question “Is this stock a good buy at the current price?”; A management consultant may ask “How does my client compare with its industry peers in terms of past performance and future prospects?”; A corporate manager may ask “is my firm valued properly by the investors?” The bulk of the course will involve the detailed mechanics of how to measure firm value through multiple hands-on exercises. Through learning those mechanics, students should gain an understanding of the ways a corporate enterprise can be valued. The primary goal of this course is to provide you with a good grasp of the basic drivers of value creation through exercises in Discounted Cash Flow (DCF) valuation and to gain understanding of how these drivers manifest themselves in Multiples based valuation. Through these exercises, you should gain a solid understanding of the ways in which the value of an enterprise can be estimated. The second major goal of this course is to develop tools which will help you conduct and communicate your analyses. Specifically, this course will require frequent use of spreadsheet modeling. This method involves examining an actual company, for which you are expected to use your knowledge (from class lectures, assigned readings, etc.) to estimate the value of the enterprise. This method is designed to help you relate the subject knowledge to a practical situation."
Level: Graduate  
Prerequisites: (FINC 550 or FINC 6500) or (FINC 505 or FINC 5500)  
Grading: Main Campus (UGrad, Grad)  
Course registration restrictions:

Enrollment is limited to Graduate level students.

Enrollment limited to students in a Master of Business Admin. degree.

  
FINC 6532  Financial Analysis Modeling  1.5 Credits  
This course exposes students to financial modeling techniques that help individuals/managers make the best decisions they can today given an uncertain future. The course builds on topics covered in the finance core (TVM, capital budgeting, M&M theories, basic option valuation). Specific topics in the course include: 1) TVM models used to value investment decisions, 2) DCF models used to determine the break even price for a product or service, 3) adjusted present value models used to measure changes in a firm’s value due to the use of debt financing, and 4) real option valuation models designed to measure the value of project and managerial flexibility. Excel will be used throughout the course to illustrate the models and techniques.
Level: Graduate, Juris Doctor  
Prerequisites: (FINC 550 or FINC 6500)  
Grading: Main Campus (UGrad, Grad)  
Course registration restrictions:

Enrollment is limited to Graduate level students.

Enrollment limited to students in a Master of Business Admin. degree.

  
FINC 6535  Project Finance  1.5 Credits  
Project finance is an approach that uses the cash flows generated by a new project to repay the debt used to construct the project, and to provide a return to the equity investors in the project. Project finance debt is typically borrowed on a non-recourse or limited-recourse basis in which the cash flows generated by the project, and the assets of the project, serve as the collateral for the lenders. This approach enables large projects to be financed that otherwise would be too large, or represent too much of a resource allocation, for individual corporations and host governments. This course provides a presentation of the current state of project finance, and the use of the project finance approach to finance energy and infrastructure projects. A special focus of the course will be on the use of project finance to support projects in emerging markets given the applicability of this approach to provide the financing necessary to meet the needs for investment in infrastructure. The course will provide a comprehensive examination of the current global "best practices" in project finance. To accomplish its objectives, the course will use Harvard Business School, and other business school cases, that will serve to illustrate and bring to life the subject areas covered in the lectures. The cases selected will highlight the major issues in project finance.
Level: Graduate, Juris Doctor, Undergraduate  
Grading: Main Campus (UGrad, Grad)  
Course registration restrictions:

Enrollment is limited to Graduate level students.

Enrollment limited to students in a Master of Business Admin. degree.

  
FINC 6540  Global Financial Institutions  1.5 Credits  
This course is designed to emphasize the importance of diversity and inclusion in the workplace. We will address what you need to know (re)entering the workforce and how to prioritize and amplify DEI efforts on your team, regardless of your role. This course provides students with an in-depth understanding of the institutions that comprise the financial system. The basic function of the financial system is to channel funds from households/firms with a surplus (i.e., lenders/ savers) to those with a shortage (i.e., borrowers/ spenders). A well-functioning financial system plays a critical role in facilitating an efficient allocation of resources in the economy. We will study a broad array of institutions that operate both in the US and globally – central banks, commercial banks, investment banks, mutual funds, hedge funds, etc. Additional topics may be covered as time permits.
Level: Graduate  
Prerequisites: (FINC 550 or FINC 6500)  
Grading: Main Campus (UGrad, Grad)  
Course registration restrictions:

Enrollment is limited to Graduate level students.

Enrollment limited to students in a Master of Business Admin. degree.

  
FINC 6541  International Finance  1.5 Credits  
This course in international finance focuses on international valuation and international capital budgeting, as well as topics that are vital for these, including exchange-rate forecasting, purchasing power parity and the ongoing sovereign debt crises. The objective is to learn the principles and practices associated with decision-making in multiple currencies. We will extend much of the material from prior finance courses—including investment, financing and risk management—to the multiple currency setting. Key issues related to international valuation and capital budgeting are how to use forecasts of exchange rates, how to use and forecast real exchange rates and how to take appropriate account of foreign risk. The course will be a useful introduction for managers dealing with international customers, suppliers, and business partners.
Level: Graduate, Juris Doctor, Undergraduate  
Prerequisites: FINC 551  
Grading: Main Campus (UGrad, Grad)  
Course registration restrictions:

Enrollment is limited to Graduate level students.

Enrollment limited to students in a Master of Business Admin. degree.

  
FINC 6545  Finc Markets:Inst Regulation  1.5 Credits  
This course aims to develop a deep understanding about how real-life financial markets function and how banks, hedge funds and financial institutions profit from a changing technological, competitive and regulatory environment. The emphasis of the course is on how actual financial markets function. The course will integrate and strengthen your knowledge about financial markets in three ways: (1) interacting with lots of experienced practitioners that will be coming to class as guest speakers, (2) discussing how real financial markets operate, though the use of case studies (rather than solely by abstract theoretical models) and (3) delivering hands-on expertise and analyzing the latest developments in the market.
Level: Graduate, Undergraduate  
Prerequisites: (FINC 550 or FINC 6500)  
Grading: Main Campus (UGrad, Grad)  
Course registration restrictions:

Enrollment is limited to Graduate level students.

Enrollment limited to students in a Master of Business Admin. degree.

  
FINC 6546  Corporate Restructuring  1.5 Credits  
This Seminar in Corporate Restructuring is led by Senior Managing Directors of FTI Consulting and supplemented with the experience of various guest lecturers from the business community. The class explores the strategic, financial and operational skills critical to successfully improving performance during periods of significant transition including business turnarounds, distressed company sales and bankruptcy.
Level: Graduate, Juris Doctor, Undergraduate  
Prerequisites: FINC 551  
Grading: Main Campus (UGrad, Grad)  
Course registration restrictions:

Enrollment is limited to Graduate level students.

Enrollment limited to students in a Master of Business Admin. degree.

  
FINC 6547  Financial Regulatory Policy  1.5 Credits  
The course will be dedicated to learning about investor protection regulatory regime in the United States. The focus will be on gaining greater understanding of the U.S. Securities laws, as applied to issuers and financial markets intermediaries (e.g. broker dealers, financial analysts, auditors, and financial advisers).
Level: Graduate  
Prerequisites: (FINC 550 or FINC 6550) or (FINC 505 or FINC 5500)  
Grading: Main Campus (UGrad, Grad)  
Course registration restrictions:

Enrollment is limited to Graduate level students.

Enrollment limited to students in a Master of Business Admin. degree.

  
FINC 6553  Investment Analysis  1.5 Credits  
This course examines financial theory and empirical evidences that are crucial for making solid investment decisions. We start by introducing valuation techniques for major asset classes including bonds, stocks and options. We then examine the tradeoff between risk and return, and study portfolio theory, asset allocation principles, and equilibrium models of asset prices including Capital Asset Pricing Model (CAPM). Other topics covered include market efficiency, behavioral finance, and asset pricing anomalies.
Level: Graduate, Juris Doctor, Undergraduate  
Prerequisites: (FINC 550 or FINC 6500)  
Grading: Main Campus (UGrad, Grad)  
Mutual exclusion: EMBA 553, EMBA 6833  
Course registration restrictions:

Enrollment is limited to Graduate level students.

Enrollment limited to students in a Master of Business Admin. degree.

  
FINC 6554  Investment Banking  1.5 Credits  
The objective of this course is to provide an introduction to investment banking. The course will be useful to students who are interested in pursuing careers in investment banking or in corporations working with investment banks. The course will provide highly practical information, as well as theoretical information, regarding valuation methodologies, the equity and debt capital markets, mergers and acquisitions, LBOs and restructurings. Since there are other courses on Fixed Income and Private Equity, we will only cover these topics briefly, and we will spend most of our time on valuation, equity capital markets, and restructurings. We also will discuss the current market environment, current transactions and the ramifications for investment bankers and their clients.
Level: Graduate, Undergraduate  
Prerequisites: FINC 551  
Grading: Main Campus (UGrad, Grad)  
Course registration restrictions:

Enrollment is limited to Graduate level students.

Enrollment limited to students in a Master of Business Admin. degree.

  
FINC 6555  Assessing and Managing Risk  1.5 Credits  
Organizations around the world confront a myriad of risks. These risks extend beyond conventional concerns such as exchange rates, interest rates, and operational risks to increasingly novel risks like climate change, environmental shifts, artificial intelligence, and Fintech innovations. Organizations need a robust risk management framework to navigate this evolving and complex risk landscape. This course will equip you with practical risk management tools to manage risk, maximize firm value, and create financial resilience. You will explore the role of big data and machine learning in risk assessment and learn strategies for developing an integrated risk management framework. Through the lens of CEO/CFO, consultant or private equity firm, the course will delve into risk management and governance strategies to bolster resilience and drive value creation.
Level: Graduate, Juris Doctor, Undergraduate  
Prerequisites: (FINC 550 or FINC 6500)  
Grading: Main Campus (UGrad, Grad)  
Course registration restrictions:

Enrollment is limited to Graduate level students.

Enrollment limited to students in a Master of Business Admin. degree.

  
FINC 6556  Derivatives/Financial Mrkts  1.5 Credits  
This course develops understanding of the basic derivative-related financial instruments (forwards, swaps, futures and at-the-money options), and their use in transforming and managing risky investments and projects. Objectives are (1) to provide a basic understanding of derivatives practice and use in financial markets, (2) to provide practical and simple investment and corporate financial management strategies using derivatives and (3) to allow students to apply these concepts and skills to meet investment and corporate finance objectives, using a series of examples.
Level: Graduate, Juris Doctor, Undergraduate  
Prerequisites: (FINC 550 or FINC 6500)  
Grading: Main Campus (UGrad, Grad)  
Course registration restrictions:

Enrollment is limited to Graduate level students.

Enrollment limited to students in a Master of Business Admin. degree.

  
FINC 6559  Fixed Income Securities  1.5 Credits  
This course provides highly practical information as well as theoretical information regarding US Treasury securities, corporate bonds, municipal bonds, asset backed securities, hybrid securities, bond funds, and strategies related to investing in and issuing fixed income securities. We will also discuss the current market environment and real-life decisions that finance professionals must make in this environment.
Level: Graduate, Juris Doctor  
Grading: Main Campus (UGrad, Grad)  
Course registration restrictions:

Enrollment is limited to Graduate level students.

Enrollment limited to students in a Master of Business Admin. degree.

  
FINC 6560  Real Estate Private Equity  1.5 Credits  
This course provides an introduction to the world of private equity real estate investment with a particular focus on answering the question, “What is the real estate asset worth?” Lectures will consider the thought process and mechanics implicit in establishing an asset’s value via proforma statement construction and discounted cash flow methodology. Lectures will be delivered from the perspective of an equity investor with the intention of instructing each student on the proper approach to measuring the cash generating potential and risk associated with a real estate transaction. This approach will broadly cover the physical and the financial aspects of the investment, but will delve into a variety of subtopics including financial performance measurement, leverage, and income tax considerations. Students will gain a broad understanding of the institutional real estate world and how circumstances in the current market impact the ability to acquire (and dispose) of real estate assets. The course will also employ a case study approach for applying the course concepts to practical real estate problems. Course Objectives: • Introduction to the basic concept of real estate and the manner that investors consider this type of investment in their portfolios. • Obtain a fundamental understanding of real estate valuation with an appreciation for unleveraged, leveraged and equity returns. • Introduction to the bottom-up, real estate acquisition process with a particular focus on real estate asset pricing and risk management practices. • Develop a broader understanding and appreciation for the real estate profession through interaction with guest speakers and market oriented reading materials
Level: Graduate  
Prerequisites: (FINC 550 or FINC 6500) or (MSFO 820 or MSFO 6820)  
Grading: Main Campus (UGrad, Grad)  
Mutual exclusion: MSFO 6830, MSFO 830  
Course registration restrictions:

Enrollment is limited to Graduate level students.

Enrollment limited to students in a Master of Business Admin. degree.

  
FINC 6561  Real Estate Public Debt  1.5 Credits  
The goal for this course is for you to learn the mechanics and concepts of pricing risk in traded real estate debt, with particular focus on commercial mortgage-backed securities (“CMBS”). This class is designed for use in either (or both) of two professional contexts: · Debt investment, in order to price risk “up and down the capital stack”, and across markets; and · Debt issuance, in order to understand the costs and tradeoffs of various capital market options. Homework and extended discussions will all be taken from actual loans and bonds, without reference to more traditional case method materials. The intent is to work with the actual documents and materials used by professional investors, which will generally be introduced one per class. To give students access to professional-level analytics, the class will lean heavily on the Trepp system (https://www.trepp.com/). Students will have access to the system for the duration of the class (including the final project).
Level: Graduate, Undergraduate  
Prerequisites: (FINC 550 or FINC 6500) or (FINC 220 or FINC 3220)  
Grading: Main Campus (UGrad, Grad)  
Course registration restrictions:

Enrollment is limited to Graduate level students.

  
FINC 6562  Real Estate Private Debt  1.5 Credits  
The U.S. commercial real estate debt market exceeds $2.3 trillion, and provides borrowers between 50 to 75 cents of every dollar invested. Yet, beyond returns, we can admit that these investors will not spend commensurate time to understand and analyze their financing. As a result, financing remains a mystery -- or worse, an afterthought -- despite having a significant influence on investment decisions, risk and performance. This course will provide exposure to the world of real estate finance from the perspectives of borrowers and lenders, both of which have varying incentives (financial and otherwise) and risk appetites. We will define the players in the world of private debt; among them, depository banks ($1.3 trillion), life insurance companies ($291.3 billion), pension funds and high yield debt funds. These differ from public market alternatives: bonds, REITs, CMBS and GSEs (better known as Fannie Mae and Freddie Mac). I design this course not just as an academic setting, but moreover a laboratory to simulate real-world simulations that you, the student, will encounter in your next workplace. We will utilize case studies and problem-solving exercises in addition to lectures and readings. I will incorporate the case method in order to (a) maximize decision-making opportunities for you, the student and (b) provide you situations to express and defend your ideas. As a result, you will want to prepare to discuss any assignment. Course Objectives: - Learn key terminology of real estate private debt - Familiarize yourself with the real estate financing process - Understand the concept of risk from different perspectives and weigh such against each player's respective benefits - Simulate real-world underwriting and financing discussions
Level: Graduate, Juris Doctor, Undergraduate  
Prerequisites: (FINC 550 or FINC 6500)  
Grading: Main Campus (UGrad, Grad)  
Course registration restrictions:

Enrollment is limited to Graduate level students.

Enrollment limited to students in a Master of Business Admin. degree.

  
FINC 6563  Real Estate Public Equity  1.5 Credits  
The course will seek to develop a deep understanding of the modern real estate investment trust (REIT), and its role in today’s capital and real estate markets, viewed from the perspective of the C-suite executive. It will cover the different types of REITs, as well as the various statutory requirements. There will be a comprehensive review of REIT valuation approaches and corporate financial structures. We will also examine growth strategies, including merger and acquisition transactions. Finally, we will review the primary factors investors should consider when investing in REITs. The course will combine lectures on the underlying principles and theory with specific case studies of current industry leaders that demonstrate their practical application. Other industry professionals with unique insights will be presenting some of the case studies used in the class. Course Objectives 1. Understand the REIT structure and requirements to be considered a REIT 2. Review the fundamental elements of corporate capital structures 3. Introduce common valuation techniques and investment considerations 4. Review various strategies for generating growth, including M&A transactions
Level: Graduate, Juris Doctor, Undergraduate  
Prerequisites: (FINC 550 or FINC 6500)  
Grading: Main Campus (UGrad, Grad)  
Course registration restrictions:

Enrollment is limited to Graduate level students.

  
FINC 6565  Real Estate Entrepreneurship  1.5 Credits  
Real estate has historically been an entrepreneurial industry and although the industry has evolved, institutionalized, and globalized, it remains fundamentally a marketplace where motivated and talented entrepreneurs can actualize their potential and build great businesses and fortunes. Nevertheless, while many start their own businesses, relatively few succeed. This course will introduce students, who have an interest in creating their own real estate business, to the key elements they will need to get off the ground and become successful entrepreneurs. We will explore the characteristics of an entrepreneur and the reasons people choose this path, the importance and creation of a unique and deliberate investment strategy(s), fundraising for both seed capital as well as investment capital, and different methods for sourcing and structuring investment opportunities.
Level: Graduate, Juris Doctor, Undergraduate  
Prerequisites: (FINC 558 or FINC 6560) or (FINC 558 (may be taken concurrently) or FINC 6560 (may be taken concurrently))  
Grading: Main Campus (UGrad, Grad)  
Course registration restrictions:

Enrollment is limited to Graduate level students.

Enrollment limited to students in a Master of Business Admin. degree.

  
FINC 6566  RealEstate Clinic: Multifamily  1.5 or 1.75 Credits  
The Real Estate Clinic is designed to prepare students for MBA level careers at institutional real estate investment firms by exposing them to the practice of underwriting real estate investments. Students will have the distinct benefit of being able to underwrite the “Four Main Food Groups,” i.e. office, multi-family, industrial and retail product across the United States so they develop not only a broad understanding of many different asset types, but they learn how underwriting is impacted by geography. This course will focus exclusively on the multifamily asset with the first three weeks of the course dedicated to model comprehension and underwriting strategy. The second three weeks will involve deal underwriting with the provision of three specific deals that will be underwritten by everyone involved in the Clinic.
Level: Graduate, Juris Doctor, Undergraduate  
Prerequisites: (FINC 558 (may be taken concurrently) or FINC 6560 (may be taken concurrently)) or (FINC 558 or FINC 6560)  
Grading: Main Campus (UGrad, Grad)  
Course registration restrictions:

Enrollment is limited to Graduate level students.

Enrollment limited to students in a Master of Business Admin. degree.

  
FINC 6567  Real Estate Clinic: Commercial  1.5 Credits  
The Real Estate Clinic is designed to prepare students for MBA level careers at institutional real estate investment firms by exposing them to the practice of underwriting real estate investments. Students will have the distinct benefit of being able to underwrite the “Four Main Food Groups,” i.e. office, multi-family, industrial and retail product across the United States so they develop not only a broad understanding of many different asset types, but they learn how underwriting is impacted by geography. The Clinic will also provide extensive exposure to real estate technical tools in the form of Excel and Argus Enterprise. This course will focus exclusively on the commercial asset (office, industrial, retail) with the first four weeks of the course dedicated to Argus Enterprise training. The later stages of the class will then build upon the Argus knowledge through the underwriting of individual deals in each of the three commercial real estate property types.
Level: Graduate, Undergraduate  
Prerequisites: (FINC 558 or FINC 6560) or (FINC 558 (may be taken concurrently) or FINC 6560 (may be taken concurrently))  
Grading: Main Campus (UGrad, Grad)  
Course registration restrictions:

Enrollment is limited to Graduate level students.

Enrollment limited to students in a Master of Business Admin. degree.

  
FINC 6575  Private Equity  1.5 Credits  
Since the 1980s, the alternative investment sector, and private equity (PE) in particular, has grown tremendously in terms of committed capital, transaction volume, and strategic importance. During the last decade, global growth in private equity has persisted, but some have raised questions regarding the sustainability of returns, risk dynamics, and the overall viability of the PE business model. The course will provide an overview of the private equity market, identify key market participants, explain how funds are formed, assess how target companies are evaluated, examine the mechanics of leveraged buyouts, model typical financing arrangements, review how portfolio companies are managed, and explore standard realization strategies. The course incorporates elements of corporate strategy, management practice, and entrepreneurship, but the syllabus focuses primarily on financial strategies, deal origination, and execution issues. Before beginning the course, students should have a basic understanding of financial statements (income statements, balance sheets, and cash flow statements) and financial modeling. Course material will be presented primarily through case studies and selected readings. Class participation will be important as students will learn from each other as they discuss the questions presented in each case.
Level: Graduate, Juris Doctor, Undergraduate  
Prerequisites: (FINC 550 or FINC 6500)  
Grading: Main Campus (UGrad, Grad)  
Course registration restrictions:

Enrollment is limited to Graduate level students.

Enrollment limited to students in a Master of Business Admin. degree.

  
FINC 6576  Entrep Finan Venture Capital  1.5 Credits  
Every year thousands of new ventures are started and a nearly equal number of existing businesses are closed down. Almost all of these ventures are single founder/employee type of ventures where the founder has neither the desire nor the possibility of creating a significant business organization. A small fraction of such ventures however hold the promise to grow into large businesses. In this course we will focus heavily on such promising ventures. The reason for this focus is self-evident - business that are unlikely to grow fast have little or limited need for external financing-making such ventures irrelevant for a course titled Entrepreneurial Finance & Venture Capital. This course is designed to illustrate challenges faced by an entrepreneur in financing and growing a new firm. Exploiting a promising opportunity frequently requires an entrepreneur to marshal scarce resources, especially external capital. The course will focus almost exclusively on issues relevant to the financing of entrepreneurial ventures. We shall devote significant amount of time on understanding the role of Venture Capital (and to a lesser degree on Angel Investors) in financing new start-ups. The course requires and reinforces the skills needed to analyze a business with a strong emphasis on financing deal terms and valuation techniques. The course concludes by examining the harvesting of entrepreneurial ventures whereby the entrepreneur and the financiers realize the returns for their effort. The course is driven almost exclusively by case studies, many of which are based on start-ups or young firms.
Level: Graduate, Juris Doctor  
Prerequisites: (FINC 550 or FINC 6500)  
Grading: Main Campus (UGrad, Grad)  
Mutual exclusion: EMBA 576, EMBA 6834  
Course registration restrictions:

Enrollment is limited to Graduate level students.

  
FINC 6578  Healthcare Entrepreneurship  1.5 Credits  
This course explores the process of founding and funding of new healthcare ventures. The role Healthcare plays in the US economy has increased dramatically. In 1960 one out of twenty dollars spent in the US economy was devoted to healthcare, in 2021 healthcare expenses accounted for almost one out every five dollars in total spending. Healthcare typically accounts for more 25% of all VC investments. The implication for our students is clear – greater knowledge of healthcare ventures can play a meaningful role in their future careers in this increasingly important industry. The course is an opportunity for those who seek careers at the intersection of healthcare innovation both in services and therapies, and healthcare venture capital. This course seeks to provide an overview of the process needed to develop new drugs, devices and business models that can have a dramatic impact on human health.
Level: Graduate  
Grading: Main Campus (UGrad, Grad)  
Course registration restrictions:

Enrollment is limited to Graduate level students.

Enrollment limited to students in a Master of Business Admin. degree.

  
FINC 6580  FinTech  1.5 Credits  
The course introduces the students to three broad areas of FinTech. The first is data and machine learning, which is an essential element to understand and work with FinTech data. The second is robo-advising, and the third is cryptocurrencies and blockchains. The course will equip the students with the necessary tools to understand the importance of FinTech data, understand the current state FinTech, and be able to successfully work in FinTech firms.
Level: Graduate, Master of Laws, Master of Laws (2)  
Prerequisites: (FINC 550 or FINC 6500) or (FINC 505 or FINC 5500)  
Grading: Main Campus (UGrad, Grad)  
Course registration restrictions:

Enrollment is limited to Graduate level students.

Enrollment limited to students in a Master of Business Admin. degree.

  
FINC 6581  Hedge Fund Investing  1.5 Credits  
The course seeks to provide insights on the following issues: - What is a hedge fund? How does it work? What is its role in a portfolio? - What are the different types of hedge fund strategies? What are their respective risk/return profiles? Who are the main actors in these strategies and what are the major investment considerations each of these strategies face in today’s markets? - How do you research, write-up, and present an investment case for a stock? - How do you follow market developments in equities, fixed income, commodities and foreign exchange around the world? The course will straddle theoretical teachings and practical applications. Through case studies and class discussions, students will be confronted with real-life situations as if they were working as investment analysts in an equity long-short fund.
Level: Graduate  
Grading: Main Campus (UGrad, Grad)  
FINC 6582  Applied Value Investing  1.5 Credits  
This course will address the topics of trading vs investing, the influence of irrationality on public market prices, market inefficiency, risk and risk management, volatility, the perils of short-termism, the power of incentives, effective capital allocation, and patience and conscientiousness.
Level: Graduate  
Prerequisites: (FINC 550 or FINC 6500)  
Grading: Main Campus (UGrad, Grad)  
Mutual exclusion: BADM 6033, BADM 733  
Course registration restrictions:

Enrollment is limited to Graduate level students.

  
FINC 6583  Sustainable Investing  1.5 Credits  
This course is geared towards students in business schools and also programs geared towards environment and sustainability management. We will examine issues related to Environmental, Social and Governance (ESG) investing. Topics covered include: • ESG Performance – What has been the historical risk and return of incorporating ESG factors? Are there costs to ESG investing? • ESG Ratings – Who are the different raters? How are ratings estimated? What do the ratings measure? What are the similarities and differences between the ratings? • Investors – Why have investors become interested in ESG? How do institutional investors consider the tradeoff between fiduciary responsibility, performance, and other factors? • ESG Factors – How are ESG factors incorporated in investment and portfolio decisions? How do they impact performance? What is the role of active managers versus passive indexing? • Companies – How are companies responding and incorporating ESG? • Do investors vote with their feet (portfolio composition) and/or vote with their voice (proxy voting and engagement)? • Policy and Regulatory Issues – Is ESG disclosure by companies needed? If yes, what form should it take?
Level: Graduate, Undergraduate  
Grading: Main Campus (UGrad, Grad)  
Course registration restrictions:

Enrollment is limited to Graduate level students.

Enrollment limited to students in the McDonough School of Business college.

  
FINC 6584  Finc for Sustainability Mgmt  1.5 Credits  
This course develops the basic analytical capabilities for making financial decisions in corporations and nonprofits. It includes decision analysis to estimate and determine interest rates and internal rates of return. Elementary calculus and simple Excel modeling are applied to determine financial decisions in two dimensions. The course focuses on the following topics: time value of money; internal rates of return; bond valuation; the Fisher equation to explain interest rates; the fundamental relationship between risk and return; choosing investment projects that support firm strategy; alternative financing decisions; dividend policy and decisions.
Level: Graduate  
Grading: Main Campus (UGrad, Grad)  
Course registration restrictions:

Enrollment is limited to Graduate level students.

  
FINC 6586  Mergers and Acquisitions  1.5 Credits  
This course is meant to serve as an introduction to the middle-market mergers and acquisitions landscape from a practitioner’s perspective. The emphasis will be on the middle market and how mergers and acquisitions play an important role for a variety of business owners and constituents. The course will encourage creative and critical thinking with imperfect information. By the end of the course, you will demonstrate proficiency through an understanding of the following aspects of M&A: overview and purpose, process, buyers, valuation, deal structuring and finance, due diligence and documentation, and integration.
Level: Graduate  
Prerequisites: (FINC 550 or FINC 6500)  
Grading: Main Campus (UGrad, Grad)  
Course registration restrictions:

Enrollment is limited to Graduate level students.

Students in a Master of Business Admin. degree may not enroll.

  
FINC 6590  Infrastructure Finance  1.5 Credits  
The U.S. municipal capital market is unique among those in the world. There is currently over $3.7 trillion dollars of municipal debt issued in the United States. Every year, state, city and local governments bring to market billions of dollars in new issues to fund all manner of infrastructure be it roads, bridges, airports, sports stadiums, hospitals, public housing, educational facilities, mass transit systems, water and sewer systems and not for profit institutions. The critical infrastructure that we use every day and take for granted supports the fabric of modern life both in the United States as well as abroad. Infrastructure has played a critical role in the economic development of the United States, its states and municipalities. The purpose of this course is to provide an in-depth understanding of infrastructure finance both in terms of how it functions and how infrastructure is both conceived and financed worldwide. This course will provide foundational knowledge of the design, procurement, development and financing of the major infrastructural types prevalent in global settings. A theme that will be emphasized throughout the course is the connection between infrastructure and its broader impact toward achieving sustainability goals.
Level: Graduate  
Grading: Main Campus (UGrad, Grad)  
Course registration restrictions:

Enrollment limited to students in the MS-GLRA program.

Enrollment is limited to Graduate level students.

  
FINC 6591  Transportatn Built Environmn  1.5 Credits  
Modern life as we know it would cease to exist were it not for the efficiency and convenience that modern transportation provides. Innovations in transport have taken mankind from walking to flying enabling the shrinking of both time and distance. Whether by land, sea or air, transportation has shaped the physical landscape and given rise to urban form. The infrastructure accompanying each evolution in transportation technology has had a direct impact on how and where people live, work and play, how societies are fed, and how goods and services are produced and sold. This course will serve as a primer on transportation in a global context. The primary transportation modes will be examined including vehicular movement on roads and highways, trains and rail, seaborne ships and vessels, air carriers of passengers and freight, intermodal transport and pipelines. Transport networks and its relationship to global supply chains will be explored as well as the economics of transportation. The global context will be examined by looking at the transportation strategies of other nations including China, Singapore, Hong Kong and the European Union. A recurrent theme throughout the course will be the topic of sustainability. The impact of climate change and the need to reimagine one of the largest users of hydrocarbon energy presents itself as one of the greatest challenges of
Level: Graduate  
Grading: Main Campus (UGrad, Grad)  
Course registration restrictions:

Enrollment limited to students in the MS-GLRA program.

Enrollment is limited to Graduate level students.

  
FINC 6592  Housing MktsSoc Infrastructur  1.5 Credits  
This course aims to provide students with a solid foundation for understanding the economics of housing markets, assessing their risks, and identifying the social implications of housing markets and their financing, i.e. the “S” of the ESG implications of real estate. The course will cover topics in the economics and finance of housing markets, including understanding the rent-own decision. the financing of homeownership (mortgages), the supply side of housing, and the dynamics of housing cycles and residential real-estate price volatility. For each topic, after covering the basics the class will add a focus on social implications, including the role of underrepresented demographic characteristics in the rent- own decision, the debate on the limitations to access to capital and discrimination in mortgage financing, the pros and cons of the supply of social housing, and the unequal effects of housing cycles across the wealth distribution. The social focus components of each lecture are based on cutting-edge academic research in housing markets produced by the Steer Center’s Clark Chair in Global Real Estate and other scholars. Social focuses will discuss the unequal effects of regulating mortgage supply in the US, the positive and negative consequences and effects of supply-side real estate investment programs (e.g., Opportunity Zones), and the unequal effects of inflation on access to homeownership by US households.
Level: Graduate  
Prerequisites: (FINC 6584 or FINC 6500) and (BADM 5510 or BADM 6500)  
Grading: Main Campus (UGrad, Grad)  
Course registration restrictions:

Enrollment limited to students in the MS-GLRA program.

Enrollment is limited to Graduate level students.

  
FINC 6641  Real Assets Development Clinic  1.5 Credits  
Level: Graduate  
Grading: Main Campus (UGrad, Grad)  
Course registration restrictions:

Enrollment limited to students in the MS-GLRA program.

Enrollment is limited to Graduate level students.

  
FINC 6650  Decarbonization Real Assets  1.5 Credits  
Level: Graduate  
Grading: Main Campus (UGrad, Grad)  
Course registration restrictions:

Enrollment limited to students in the MS-GLRA program.

Enrollment is limited to Graduate level students.

  
FINC 7949  Tutorial: Finance  0.25-1.5 Credits  
Level: Graduate, Juris Doctor  
Grading: Main Campus (UGrad, Grad)  
Course registration restrictions:

Enrollment is limited to Graduate level students.

  
FINC 9991  Continuous Registration  
Continuous Registration
Level: Graduate  
Grading: No Grade  
Course registration restrictions:

Enrollment is limited to Graduate level students.