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Finance (FIN)

Courses

FIN 332  Corporate Finance I  3 Credits (3,0)

Students will learn about the finance function as used by management including financial analysis and control, financial planning, short and long-term financings, risk and return relationship, capital investment evaluation, cost of capital, and risk in planning financial strategies. Aviation-related businesses are emphasized.
Prerequisites: ACC 210 and Junior standing.

FIN 333  Personal Financial Planning  3 Credits (3,0)

The nature of the personal financial planning process is examined. Areas of concentration include taxes, investments, purchase of housing/auto, insurance needs and analysis, use of credit, and retirement and estate planning. Students will develop a personal financial plan.

FIN 334  Investment Analysis  3 Credits (3,0)

This course is an introduction to the field of investments. The course is designed as a guide for people studying the capital markets for the first time. The course provides a survey of investments including security markets, investment vehicles, and investment analysis and portfolio management. Specific topics include the concept of risk and return, types of financial instruments, study of how they are bought and sold, an introduction to how they are valued in the marketplace, the survey of investment companies, asset allocation, concept of efficient markets, equity and bond portfolio management, portfolio performance evaluation, fiduciary responsibility and ethical conduct in investment profession and corporate governance. The course is taught from the viewpoint of an individual rather than institutional investor. The course utilizes current economic and capital market information to make practical application of the course materials.
Prerequisites: FIN 332 or FIN 333.

FIN 342  International Finance  3 Credits (3,0)

The purpose of this course is to provide the analytical framework required for understanding how changes in international financial conditions influence decisions faced by modern business leaders in a global setting. The focus will be on interactions between cross-border trade and capital flows; inflation; interest rates; exchange rates; monetary and fiscal policy; and economic growth. Exchange rate regimes; exchange rate risk and hedging; global capital budgeting; short-term and long-term financing of multinational enterprise; and managing multinational operations will also be explored. The course is tailored to students seeking careers in global banking and investment or with finance and strategy departments of aviation operating enterprise in global markets.

FIN 347  Aviation Finance I  3 Credits (3,0)

This course explores and examines the financial problems faced by firms in aviation and aerospace industry. The course focus is on utilizing integrated theories of financial policy at the firm level. Theories will be explored in the context of aviation financial forecasting, aviation capital structure and leverage, working capital management, Jet fuel hedging and managing currency exchange rate risk, dynamic yield and revenue management, aircraft leasing, aviation mergers and acquisitions, and airport privatization. This course is designed for students to work as a team to tackle financial problems of aviation and aerospace companies in a real-world business setting.
Prerequisites: FIN 332 and Senior Standing.

FIN 418  Airport Administration and Finance  3 Credits (3,0)

This course explores organizational, financial and contractual management strategies at public use, commercial service airports. Areas of emphasis include: grant assurances and airport compliance requirements, marketing and enhanced revenue generation, budgeting (expenses and revenues, and operating and capital budgeting), finance and accounting strategies, legal issues and liability, performance measurement standards, and current trends and issues for airport administrators.
Prerequisites: BA 408.

FIN 434  Corporate Finance II  3 Credits (3,0)

This course is a study of modern portfolio investment theory including; traditional financial analysis, technical analysis, efficient market theory and the capital asset pricing model. Theories will be explored in the context of practical application to investment and financial decision-making in aviation industry corporations; analysis of specific companies involved in leasing, mergers, bankruptcies and other reorganizations. Student projects include the selection of an investment portfolio of $100,000 and analysis of the investment over time.
Prerequisites: FIN 332 and Junior Standing.