Financial Analysis Courses

MSFA  698 - Directed Reading/Research/Stud (1 - 3)

The written permission of the instructor and the dean is required. Must be arranged with a faculty member.

MSFA  710 - Microeconomics for Finance (2 - 3)

The course begins with a review of calculus. It then examines the concept of time value of money. It then examines the microeconomics of industry structure including perfect competition, competition with differentiated products and monopoly. It will conclude by a discussion of consumer theory and decision making under uncertainty.
• Restricted to Risk Management, Financial Analysis, and Investor Relations Majors

MSFA  712 - Financial Markets (2 - 3)

An overview of the characteristics of financial markets including their structure and organization. We examine common models for pricing bonds and equities. We introduce the role of financial statements and accounting rules into the valuation process. The role of government regulation and its effects on financial innovation are analyzed.
• Restricted to Risk Management, Financial Analysis, and Investor Relations Majors

MSFA  714 - Corporate Finance (0 - 3)

Covers the basic concepts of corporate finance: financial ratios in valuation, dividend discount models, determining a firm's cost of capital, capital investment decisions and net present value vs. internal rates of return, treatment of leases, overview of mergers and acquisitions, hybrid securities.
• Restricted to Risk Management, Financial Analysis, and Investor Relations Majors

MSFA  716 - Macroeconomics for Finance (2)

The course examines the structure of macroeconomic relationships and the role of government in the economy. It begins with an overview of long run economic growth and its determinants. Short run macroeconomic fluctuations, investment and government policies are then investigated. The course concludes with an overview of international linkages between economies including the role of foreign exchange markets.
• Restricted to Investor Relations, Risk Management, and Financial Analysis Majors

MSFA  720 - Equity Valuation (0 - 2)

An in-depth treatment of the interplay between accounting statements, economic analysis, and corporate finance models in the valuation of firm valuation and the value of equity. Models include relative ratio analysis such as the DuPont model, general cash flow model for valuing assets and liabilities, dividend discount models, free cash flow models, and technical analysis.
Prerequisites: concurrent ECON 714 or concurrent MSFA 714 or concurrent MBA 6101
• Restricted to Risk Management, Financial Analysis, and Investor Relations Majors

MSFA  722 - Fixed Income Valuation I (0 - 2)

A thorough and in-depth study of the structural features of debt markets. Term structure analysis of interest rates and bond valuation. Assessing sources of risk for debt portfolios, including the role of duration and convexity in evaluating the effects of interest rate changes. Credit analysis for corporate bonds.
Prerequisites: concurrent ECON 716 or concurrent MSFA 716 or concurrent MBA 6102
• Restricted to Risk Management, Financial Analysis, and Investor Relations Majors

MSFA  723 - Applied Investment Analysis (2)

This course emphasizes the needs and processes that underlie good financial mareket research so that students can apply their financial knowledge to practical data and projects. Students will work on actual research projects with investment firms who have latent research needs.Through these projects students will acquire the hands-on knowledge of the frontiers of financial and investment research that companies currently are grappling with.
• Restricted to Risk Management, Financial Analysis, and Investor Relations Majors

MSFA  724 - Derivatives I (0 - 2)

An overview of derivative markets and instruments including options markets, futures markets, and swap markets
Prerequisites: ECON 712 or MSFA 712
• Restricted to Risk Management, Financial Analysis, and Investor Relations Majors

MSFA  725 - AGI: US Financial Markets and Regulation (2)

Students will travel to New York City to meet with stock exchanges, investment banks and investment management firms to gain insight into how US financial markets operate. Students also travel to Washington DC where they will meet regulators and central bankers to understand the regulations and policies that are critical for the efficient operation of these financial markets.
• Restricted to Risk Management, Financial Analysis, and Investor Relations Majors

MSFA  726 - Advanced Financial Statement Analysis (0 - 2)

An in-depth treatment of the interplay between accounting statements, economic analysis, and corporate finance models in the valuation of firms. Topics include accounting for leases, mergers, intangibles, and international subsidiaries. Emphasis is on forensic financial analysis of companies that may be systematically misrepresenting their economic condition through favorable accounting choices. • Prerequisites (MBA students must take accounting prior to this class)
• Restricted to Risk Management, Financial Analysis, and Investor Relations Majors

MSFA  728 - Ethics and Finance I (0 - 1)

Applicable laws and regulations including professional standards of practice, ethical conduct and professional obligations. Topics include conflicts of interest, insider trading, and an overview of presentation standards for portfolio results.
• Restricted to Risk Management, Financial Analysis, and Investor Relations Majors

MSFA  730 - Behav. Finance and Risk Mgmnt (2)

This course examines how limited information, limited attention and limited rationality impact financial markets. After a review of ‘heuristics and bias’ literature, we discuss trading strategies in markets whose structure give rise to momentum, bubbles and segmented markets with limited arbitrage.
Prerequisites: ECON 712 or MSFA 712 or MBA 6109
• Restricted to Risk Management, Financial Analysis, and Investor Relations Majors

MSFA  732 - Derivatives II (2)

Analysis of fixed-income derivatives including custom interest rate agreements and analysis of interest rate and currency swaps. Analysis of equity options and warrants, hedging and hedging strategies.
Prerequisites: ECON 724 or MSFA 724
• Restricted to Risk Management, Financial Analysis, and Investor Relations Majors

MSFA  734 - International Finance (2)

International financial systems and foreign exchange rate regimes. Foreign exchange market calculations and arbitrage relationships. Exchange rate forecasting methods. Study of currency strategies for international portfolio management. International CAPM models of securities pricing.
Prerequisites: ECON 716 or MSFA 716 or MBA 6102
• Restricted to Risk Management, Financial Analysis, and Investor Relations Majors

MSFA  736 - Econometrics (2)

Probability models for portfolio risk and Value at Risk models. Simple Regression Models with hypothesis tests, goodness of fit, and testing for problems with the data or the model. Multiple regression models with applications to CAPM and portfolio management. • Prerequisites (MBA students must take Stats prior to this class)
• Restricted to Risk Management, Financial Analysis, and Investor Relations Majors

MSFA  738 - Fixed Income Valuation II (0 - 2)

Valuation of advanced fixed income securities including collateralized mortgage obligations (CMOs), other securitized assets, and collateralized debt obligations (CDOs). Emphasis is on using probability models in the valuation process.
Prerequisites: ECON 722 or MSFA 722
• Restricted to Risk Management, Financial Analysis, and Investor Relations Majors

MSFA  740 - Capital Market Theory (2)

The goals of this course are to introduce student to the essential aspects and tools of portfolio management. Develop expected returns and risks for asset classes and individual assets based on macro- and micro-expectational factors; Develop strategies for managing portfolios of domestic and foreign debt securities, including passive, semi-active, and active management techniques
Prerequisites: ECON 712 or MSFA 712 or MBA 6109
• Restricted to Risk Management, Financial Analysis, and Investor Relations Majors

MSFA  742 - Alternative Investments (2)

The course will cover a history of alternative investments/strategies including private equity, venture capital, distressed debt, hedge funds, real estate, commodities and leveraged buy-outs. The primary goals of the course are to provide students with an understanding of alternative investments/strategies, their uses in a diversified portfolio, ways to access the investments and appropriateness for different investor types.
Prerequisites: ECON 712 or MSFA 712
• Restricted to Risk Management, Financial Analysis, and Investor Relations Majors

MSFA  744 - Financial Econometrics (0 - 2)

This course expands on the econometric techniques commonly used in finance. Financial markets have spurred many of the advances in econometrics in the past two decades, and in turn. Knowledge of financial markets is required in this course, but much of the finance theory in the course is communicated in the process of describing the econometric methods used.
Prerequisites: ECON 736 or MSFA 736
• Restricted to Risk Management, Financial Analysis, and Investor Relations Majors

MSFA  746 - Portfolio Management (2)

Efficient financial markets theory. Asset pricing theories and models. Portfolio management policies for individual investors, mutual funds, and institutional investors. Asset allocation and general portfolio construction. Fixed income vs. equity portfolio management strategies. Risk measurement and management.
Prerequisites: concurrent ECON 740 or concurrent MSFA 740
• Restricted to Risk Management, Financial Analysis, and Investor Relations Majors

MSFA  748 - Ethics and Finance II (1)

Professional standards of practice regarding Performance Presentation standards and associated ethical obligations. Ethical and practical issues in constructing and maintaining portfolio returns and appropriate benchmark portfolios.
• Restricted to Risk Management, Financial Analysis, and Investor Relations Majors

MSFA  750 - Applied Investment Analysis (2)

This course emphasizes the needs and processes that underlie good financial market research so students can apply their financial knowledge to actual data and actual projects. In the spirit of our Masters program, we will attempt to work with financial companies with latent research needs. Through these projects, students will acquire hands-on knowledge of the sorts of problems that financial companies are currently grappling with as well as the potential to make connections with these companies for potential employment prospects.
Prerequisites: MSFA 720 and MSFA 722 and MSFA 736
• Restricted to Graduate level