Finance FNCE
Instruction offered by members of the Haskayne School of Business.
Finance Chairperson - A. Kleffner
Note: Students have the opportunity to take courses offered by the Haskayne School of Business without the stated prerequisites, with the written permission of the Associate Dean (Undergraduate Programs) as appropriate, upon the recommendation of the instructor of the course. However, should a student fail to achieve satisfactory standing in any course for which the stated prerequisite(s) is (are) lacking, he/she may be required to successfully complete the stated prerequisite(s) prior to being permitted to repeat the course. Students are required to have consent of the Haskayne School of Business Office before registering in 600-level courses offered by the Haskayne School of Business.
Senior Courses
Finance 317 H(3-3T)
Financial Management
Focuses on the investment and financing decision of the firm. Heavy emphasis is placed on valuation and management of working capital and long term assets. The Canadian financial system and sources of financing are surveyed with a view to integrating the financing and investment decisions of a firm.
Prerequisites: Admission to the Haskayne School of Business, second year standing, Mathematics 249 or 251, Economics 201 and 203, Statistics 213 and 217, Accounting 317, and Business and Environment 291.
Note: All students are required to complete a pre-session study workbook one week prior to the last day to drop/add a course.
Finance 341 H(3-1T)
Canadian Business Finance
An introduction to business financial management practices in Canada including investment decision, capital markets, and sources, uses and costs of capital over short, intermediate and long run situations.
Prerequisites: Third year standing.
Note: Not available for credit toward the Bachelor of Commerce degree. Until August 15, preference in enrolment is given to students who have declared a Management and Society minor.
Finance 343 H(3-2T)
Personal Financial Management
An introduction to personal financial management practices in Canada. Topics discussed may include goal setting, personal financial statements, the mathematics of personal finance, taxation, general and life insurance, retirement planning, investments, and estate planning. Completion of the course should enable students to properly prepare and plan their own financial future.
Prerequisites: Second year standing.
Note: Not available for credit toward the Bachelor of Commerce degree. Until August 15, preference in enrolment is given to students who have declared a Management and Society minor.
Finance 443 H(3-1T)
Security Analysis and Investments
Techniques and theories used in selecting securities for various investment objectives. Evaluation of risks and opportunities with respect to purchase, sale, or retention of investments.
Prerequisites: Third year standing and Finance 317.
Finance 445 H(3-0)
Futures and Options
A study of financial contracts for which the payoffs are contingent upon or derived from the value pre-specified underlying economic variables. Typical underlying variables include the spot price of a commodity and the price of a stock. These contracts are used extensively for hedging and speculative purposes. They also provide useful information about forecasts of the underlying economic variable in a process called "price discovery."
Prerequisites: Third year standing and Finance 317.
Finance 447 H(3-1T)
Capital Budgeting
Capital investment policies, real options, required rate of return calculation, tax factors, risk analysis, buy versus lease, abandonment considerations.
Prerequisites: Third year standing and Finance 317.
Finance 451 H(3-1T)
Advanced Financial Management
Focuses on understanding the advanced theories and practices of financial management that are required for finance majors. Topics include market imperfections arising from asymmetric information and taxation. It applies these concepts to study incentives and conflicts in various financial agent pairings. These concepts are then used in a theoretical and empirical study of important financial decisions, such as capital structure, dividend policy, retained ownership, security underwriting, management of distressed firms, managerial compensation, corporate governance and mergers.
Prerequisites: Third year standing and Finance 317.
Finance 459 H(3-0)
Investment Decisions in the Non-Corporate Sector
A study of investment decision problems not normally relating to but affecting the private corporate sector. Individual investment decision models for the public and non-corporate sectors are explored in depth. Supply of and demand for funds in these two sectors are also discussed.
Prerequisites: Third year standing and Finance 317.
Finance 461 H(3-1T)
International Finance
A study of the forces affecting the financial environment of the corporate sector which appear to stem from requirements in the international sector. Balance-of-payments problems, exchange rates, international reserve creations and transfers are some of the major elements studied.
Prerequisites: Third year standing and Finance 317.
Finance 463 H(3-0)
Portfolio Theory and Management
Analysis of the major aspects of the grouping of financial assets. Portfolio analysis and its application to portfolio management, capital market theory and the measurement of financial performance in the presence of risk.
Prerequisites: Third year standing and Finance 317.
Finance 467 H (3-0)
Formerly Finance 595.03
Financial Risk Management
A framework for evaluating financial risks and managing them with the use of financial securities including derivatives. Includes firm valuation with risk management, value-at-risk, testing financial models, optimal hedging strategies, energy risk management, market risk, static versus dynamic strategies, interest rate risk, credit risk and liquidity risk. Case analysis of financial disasters due to risk management failures.
Prerequisites: Finance 317
Note: Credit for both Finance 595.03 and Finance 467 will not be allowed
Finance 470 F(3-0)
The Calgary Portfolio Management Trust
A comprehensive hands-on review of the modern theories and applications of portfolio management. Students will be responsible for completing the fiduciary duties of an actual fund manager, reporting to a board of directors. Topics may include: selecting securities, hedging with covered options, benchmarking a portfolio, financial reporting, evaluation of risk, risk/return tradeoffs and management.
Prerequisites: Third year standing and Finance 317.
Note: Credit for both Finance 470 and either 443 or 463 will not be allowed.
Note: Enrolment is strictly limited by the Haskayne School of Business and the student must be a Finance concentrator in the BComm program.
Finance 473 H(3-0)
New Venture Finance
Application of financial theory and analysis to the valuation and financing of new ventures. Course balances learning of concepts, development of analytical skills, and practice in decision making. Opportunity to apply learning to live projects.
Prerequisites: Third year standing and Finance 317.
Finance 475 H(3-1T)
Management of Financial Institutions
Management of funds and their allocation among cash, primary reserves, loans and investments to provide liquidity and earnings. Services to depositors. Consideration of factors involved in the lending decision, pricing of services, branch location, etc. Strategies for maintaining profitability and liquidity in the face of changing monetary policy.
Prerequisites: Third year standing and Finance 317.
Finance 479 H(3-0)
Corporate Risk Management
Introduction to the management of operational and hazard risks based on contemporary financial theories, including risk identification, loss estimation, risk control, risk financing with insurance and other techniques, and enterprise risk management.
Prerequisites: Third year standing and Finance 317.
Finance 595 H(3-1T)
Selected Topics in Financial Management
Investigation of selected topics related to financial management, emphasizing the application of financial management principles to actual problems in the corporate sector.
Prerequisites: Third year standing and Finance 317.
MAY BE REPEATED FOR CREDIT
Graduate Courses
Finance 601 H(3-1)
Managerial Finance
The major decision-making areas confronting modern financial managers today. Provides a general understanding of financial markets and how they can be used for personal finance. Covers traditional subjects such as capital budgeting, net present value, risk/return, capital structure and dividend policy. Topical areas covered are IPOs, mergers and acquisitions, derivatives and options. The course is integrated with current events from the financial world.
Prerequisites: Management Studies 609 or Accounting 601.
Finance 745 H(3-0)
Futures and Options
After presenting basic definitions, institutional details, and strategies, a general theory of derivative pricing based on the principle of No Arbitrage will be developed. This theory will then be applied to the basic derivative contracts (futures, forwards, put options and call option) as well as exotic options. Using the binomial model, as well as the continuous time model of Black Scholes, hedging and replication will also be examined.
Prerequisites: Finance 601.
Finance 751 H(3-0)
Advanced Topics in Financial Administration
Classical and contemporary topics in the theory of finance, including risk and return, the asset selection decision, the financing decision, efficient market analysis, capital structure and cost of capital, the nature of capital markets, and international finance.
Prerequisites: Finance 601.
Finance 753 H(3-1)
Problems in Financial Management
The application of financial management principles to actual problems mainly in the corporate sector, including such areas as working capital, management, short, intermediate and long-term financing problems, dividend policy and reorganization.
Prerequisites: Finance 601.
Finance 755 H(3-1)
Capital Budgeting
Capital investment policies, real options, required rate of return calculation, tax factors, risk analysis, buy versus lease, abandonment considerations.
Prerequisites: Finance 601.
Finance 757 H(3-0)
Management of Financial Institutions
Financial intermediaries such as banking and brokerage. Explains the risks faced by institutions and the integration through modern financial markets. Covers issues such as lending, trading, securitization, deposit insurance and the regulatory environment. Concludes with modern bank management from the shareholder value point of view.
Prerequisites: Finance 601.
Finance 759 H(3-1)
Investment and Portfolio Management
Theory and analysis of investment and portfolio management decisions. Evaluation of performance of individual and professional investors and portfolio managers.
Prerequisites: Finance 601.
Finance 763 H(3-0)
Corporate Risk Management
Comprehensive introduction to theory and practice of the management of operational and hazard risks based on contemporary financial theories, including risk identification, loss estimation, risk control, risk financing with insurance and other techniques, captive insurance, crisis management, reinvestment decisions, and enterprise risk management.
Prerequisites: Finance 601.
Finance 765 H(3-0)
Mergers and Acquisitions
A study of economic theory and practical issues around takeover strategies, and takeover defence strategies. Valuation issues, corporate restructuring, corporate governance, and methods of ensuring congruence between management and shareholder goals are also discussed.
Prerequisites: Finance 751 or consent of the Haskayne School of Business.
Finance 785 H(3-0)
New Venture Finance
Problems of valuing and financing new ventures. Emphasis on financial theory, best practices and modeling of new ventures. Case studies and opportunities to develop detailed financial plan for live new venture.
Prerequisites: Finance 601 or consent of the Haskayne School of Business.
Finance 789 H(3S-1)
Seminar in Financial Management
Intensive study and discussion of current literature and research with respect to selected, advanced topics in Finance.
MAY BE REPEATED FOR CREDIT
Finance 795 H(3-0)
International Finance
A study of the international financial environment and the issues firms face when operating in this environment. Currency regimes, currency crises, balance of payments, exchange rate and interest rate parity conditions, supernational agencies, political risks, management of foreign exchange exposure are some of the major topics studied.
Prerequisites: Finance 601.
Finance 797 H(3S-0)
Advanced Seminar in Finance
Prerequisites: Consent of the Haskayne School of Business.
MAY BE REPEATED FOR CREDIT