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Graduate Studies Calendar 2015-2016 Courses of Instruction Course Descriptions F Finance FNCE
Finance FNCE

Instruction offered by members of the Haskayne School of Business.

Finance Chairperson — A. Lehar

Graduate Courses
Finance 601       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.
Course Hours:
3 units; H(3-0)
Prerequisite(s):
Accounting 601.
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Finance 745       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.
Course Hours:
3 units; H(3-0)
Prerequisite(s):
Finance 601.
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Finance 751       Advanced Topics in Financial Administration
Classical and contemporary topics in the theory and practice of financial management including capital structure, cost of capital, real options valuation, bankruptcy costs and debt holder-equity holder conflicts, corporate financial strategy, managerial incentives and financial decisions, information conveyed by financial decisions, and mergers and acquisitions.
Course Hours:
3 units; H(3-0)
Prerequisite(s):
Finance 601.
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Finance 753       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.
Course Hours:
3 units; H(3-0)
Prerequisite(s):
Finance 601.
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Finance 755       Capital Budgeting
Capital investment policies, real options, required rate of return calculation, tax factors, risk analysis, buy versus lease, abandonment considerations.
Course Hours:
3 units; H(3-0)
Prerequisite(s):
Finance 601.
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Finance 757       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.
Course Hours:
3 units; H(3-0)
Prerequisite(s):
Finance 601.
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Finance 759       Investment and Portfolio Management
Theory and analysis of investment and portfolio management decisions. Evaluation of performance of individual and professional investors and portfolio managers.
Course Hours:
3 units; H(3-0)
Prerequisite(s):
Finance 601.
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Finance 765       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.
Course Hours:
3 units; H(3-0)
Prerequisite(s):
Finance 601.
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Finance 767       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.
Course Hours:
3 units; H(3-0)
Prerequisite(s):
Finance 601.
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Finance 785       New Venture Finance
Problems of valuing and financing new ventures. Emphasis on financial theory, best practices and modelling of new ventures. Case studies and opportunities to develop detailed financial plan for live new venture.
Course Hours:
3 units; H(3-0)
Prerequisite(s):
Finance 601 or consent of the Haskayne School of Business.
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Finance 789       Seminar in Financial Management
Intensive study and discussion of current literature and research with respect to selected, advanced topics in Finance.
Course Hours:
3 units; H(3S-0)
MAY BE REPEATED FOR CREDIT
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Finance 795       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.
Course Hours:
3 units; H(3-0)
Prerequisite(s):
Finance 601.
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Finance 797       Advanced Seminar in Finance

Course Hours:
3 units; H(3S-0)
Prerequisite(s):
Consent of the Haskayne School of Business.
MAY BE REPEATED FOR CREDIT
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PhD Course
Finance 799       Doctoral Seminars in Finance

799.01. Theory of Finance

799.02. Empirical Methods in Finance

799.03. Topics in Finance

799.04. Financial Engineering

799.05 Theory of Corporate Finance

799.06 Asset Pricing

799.07 Topics in Asset Pricing and Corporate Finance


Course Hours:
3 units; H(3S-0)
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