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Finance Department MBA Course Descriptions For Fall 03 and ---

By Eddie Hawkins,2014-08-07 11:08
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Finance Department MBA Course Descriptions For Fall 03 and ---

    Finance Department MBA Course Descriptions

    Spring 2010 and Fall 2010 Semesters

    PLEASE NOTE THAT TO TAKE PARRINO’s or TITMAN’s FINANCIAL STRATEGIES COURSE IN FALL 2010 WILL REQUIRE THAT YOU HAVE TAKEN FIN 394.1 ADVANCED CORPORATE STRATEGIES THIS SPRING.

    More information on these courses can be found on the Finance Department web page: http://www.mccombs.utexas.edu/dept/finance/courses/ which contains syllabi for most of the courses from

    previous semesters.

FIN 286 - Valuation

    Will be taught in Spring and Fall

    Spring faculty: Greg Hallman and Cesare Fracassi

    This course builds on the concepts and tools introduced in BA285T by introducing students to

    valuation of enterprises and the various claims against enterprise cash flows. Topics covered

    include cost, market, and income approaches to valuation and their application to enterprise, debt,

    equity, and option valuation. The course combines lectures with cases to provide the students with

    a solid understanding of key financial theories as they relate to valuation and their application.

FIN 394.1 - Advanced Topics in Corporate Finance

    To be offered in Fall and Spring

    Spring faculty: Aydogan Alti and Jonathan Cohn

    Description: This course continues and extends the discussion of the basic corporate financial

    management decision-making process begun in BA 385T and continued in FIN 286. Topics

    covered in the course will include: an overview of financial management in the global marketplace;

    comparisons of financial and real investments; valuing real assets and real options; the role of

    financial leverage; optimal capital structure; bondholder-stockholder conflicts; stockholder-owner

    conflicts; evaluating financial distress; optimal debt management; managerial incentives and

    compensation arrangements; value-based management and information management; corporate

    control and restructuring: mergers, acquisitions, takeovers, spinoffs and selloffs; corporate

    governance issues; and the role of institutional activism. Prerequisites: BA 385T

FIN 397.1 - Investment Theory and Practice

    To be offered in Fall and Spring

    Spring faculty: Shimon Kogan

    Description: This course focuses on the examination and valuation of the major investment vehicles

    popular today throughout the world. Topics covered will include: an overview of the investment

    decision-making process; asset allocation in the global investment setting; analysis of security types;

    analysis of security markets and trading practices; aggregate market analysis and market indicators;

    risk, diversification, and optimal portfolio formation; risk and expected return: CAPM, APT, and

    factor models; domestic and international fixed-income investing: instruments, valuation, and

    strategies; domestic and international equity investing: instruments, valuation, and strategies; forward

    and futures contracts: valuation and strategies; option contracts: valuation and strategies; investment

    companies; and performance measurement. Prerequisites: BA 385T

FIN 394.14 - Venture Capital Fellows Program

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To be offered in Fall and Spring will be led by Jim Nolen

     Course is restricted to Students in the Program

FIN 394.15 - Energy Finance Practicum

    To be offered in Spring 2010 will be taught by Ehud Ronn

FIN 394.2 - Financial Strategies

    NOTE: Because of the different focuses for this course (business investment and financing

    decisions, energy finance, mergers and acquisitions), credit will be given if the course is taken

    with different focuses.

    General description: This course develops an integrated, in-depth analysis of the interaction

    between the operating policies of a corporation and its financial decision-making strategies.

    Topics covered in the course will include: the tools of financial decision-making; corporate cash

    management; cost of capital evaluation; project analysis and valuation; the financial impact of

    marketing strategies; public and private company valuation; corporate acquisition policies;

    financing the required asset base; dividend policy; capital structure: internal versus external

    financing; assessing and managing investor clienteles; and assessing and managing business risk

    exposures. Prerequisites: BA 385T, FIN 394.1, FIN 397.1

Focus on private equity - to be offered in Fall 2010 - will be taught by Robert Parrino

    FIN 394.1 (Private Equity) provides students with an understanding of the nature of the private

    equity market, the principal participants in this market, and the financial strategies that they

    employ. Topics covered include: How private equity funds are raised, structured, and financed;

    contracting in private equity markets; valuation of private equity interests; sources of capital for

    private companies; strategies for value creation; mergers and acquisitions, and exit strategies. The

    course is taught through a combination of lectures, cases, and guest speakers.

    Focus on energy finance - to be offered in Fall 2010 - will be team-taught by Sheridan Titman and John Butler.

    This course is primarily focused on the initiation, evaluation, financing and hedging of major

    corporate investments with a focus on the energy industry. The theory behind these decisions will

    be featured but practical issues involving application of the concepts will be emphasized,

    including scenario analysis and simulation. Topics include examining the risks, financing,

    financial statement effects, flexibility, and strategic considerations of the investment. The course is

    taught through a combination of lectures, cases, and guest speakers.

FIN 394.3 - Global Finance

    To be offered in Spring 2010 - will be team-taught by John Griffin and Stephen Magee

    Description: This course provides students with an in-depth look at the financial management

    function in a multinational corporation. The following topics will be covered: an overview of

    global capital and equity markets; an analysis of the balance of payments; the creation of

    international money and the determination of foreign exchange rates; the mechanics of currency

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    trading; interest rate and purchasing power parity relationships; managing foreign exchange risk;

    analyzing foreign direct investment; capital budgeting in a global environment; taxes, transfer

    prices, and intracompany loans; assessing and measuring political risk; and financial issues in

    emerging markets. Prerequisites: BA 385T, FIN 394.1, FIN 397.1

Fin 394.4 - Financial Management of the Small Firm

    To be offered in Fall and Spring will be taught by Jim Nolen ndThis course is restricted to 2 year students.

    Description: A corporate finance class focused on the financial issues of privately held

    companies. Topics include financial statement analysis, business valuation, financial forecasting,

    sources of capital, working capital management, financial leverage, value creation and exit strategies.

    This course is part of the entrepreneurship curriculum and combines the previously separate topics of

    small business finance and entrepreneurial harvest. This class is case-based where a significant part of

    the student’s grade is based on class discussion. The midterm and final exams consist of a written

    case analysis. In lieu of the case-based final exam, students will be offered an option to form small

    teams and find a privately-held company willing to allow the team to perform a financial analysis and

    business valuation of the company. The team deliverable will be a substantial written analysis at the

    end of the semester that includes an industry/competitor analysis, SWOT analysis, financial analysis,

    pro forma financial statements and a business valuation. The final written report will be presented to

    the business owners/directors. Prerequisites: BA 385T

FIN 397.4 - Financial Risk Management

    Focus on energy finance to be offered in Fall will be taught by Ehud Ronn

    General Focus to be offered in Spring will be taught by Jennifer Juergens

    Description: This course focuses on how corporations manage their myriad business risk exposures

    and which of these exposures derivative securities are designed to address. The following topics will

    be covered: an overview of capital and derivative markets and the participants in those markets; the

    risk management process; measuring corporate risk exposure: gap analysis, value at risk, and stress

    testing; comparison of forward, futures, insurance, and option markets; theory of hedging, speculation

    and arbitrage; commodity, interest rate, stock index, and foreign exchange futures contracts: valuation

    and strategies; option valuation: binomial, Black-Scholes, exotic; commodity, interest rate, stock

    index, and foreign exchange option contracts: strategies and applications; and swap contracting.

    NOTE: This course is taught with a generalist focus or with a focus on energy finance issues.

    Because both classes have about a 70% overlap in material, they cannot both be taken.

    Prerequisites: BA 385T, FIN 394.1, FIN 397.1

FIN 397.5 - Fixed Income Analysis

    To be offered in Spring 2010

    Description: This course provides a comprehensive analysis and valuation of fixed-income securities

    from the perspective of a financial, security, or credit analyst. Topics covered in the course will

    include: an overview of Treasury, agency, and corporate fixed-income securities; trading conventions

    and practices in fixed-income markets, general approaches to valuing debt securities; theories and

    models of the term structure of interest rates; par, spot, and forward yields; an analysis and valuation

    of credit risk; fixed- and variable-income debt securities; asset-backed securities and structured notes;

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    fixed-income derivatives: valuation and applications; and fixed-income portfolio management

    strategies. Prerequisites: BA 385T, FIN 394.1, FIN 397.1

FIN 397.6 - Special Topics in Investments

    Focus on hedge fund strategies - to be offered in Spring 2010 - will be taught by Roberto Wessels

    Description: The course will cover different operational aspects of investment vehicles commonly

    known as Hedge Funds. The emphasis will be on understanding investment strategies, performance

    analysis, compensation and risk management practices of hedge funds.

Focus on REIT Fund - to be offered in Fall - will be taught by Sheridan Titman

     to be offered in Spring - will be taught by Greg Hallman

    Course is restricted to REIT Fund Students

Focus on MBA Fund - to be offered in Fall - will be taught by Sandy Leeds

    Course is restricted to MBA Fund Students Prerequisites: BA 385T, FIN 394.1, FIN 397.1

RE 386.2 - Real Estate Investment Decisions

    To be offered in Spring 2010 - will be taught by Jay Hartzell

    Description: This course examines selected advanced problems and issues in the area of real estate

    investment. Topics include: discounted cash flow analysis, risk, sensitivity analysis, taxation, form of

    ownership, syndications/limited partnerships, the role of institutional investors, property management,

    and marketing investment property. Financial concepts and models are applied to real estate analysis

    so the student can take away an understanding of the real estate investment market.

     Prerequisites: BA 385T

RE 386.3 - Seminar in Real Estate Analysis

    To be offered in Fall 2010

    Description: This will be a real estate practicum course Prerequisites: BA 385T, RE 386.2

RE 388 - Seminar in Real Estate Finance

    To be offered in Spring 2010

    Description: This course examines equity ownership/investment in real estate in both private and

    public market settings as well as the debt financing of residential and commercial properties. Topics

    include asset allocation and diversification, project vs. entity level valuation analysis, including a

    comparison of REITS, private equity funds, and direct real property investments and their

    underwriting and valuation criteria, land and development option valuation, other equity investment

    issues; comparison and contrast of financial theory and real world application of financial concepts

    and evaluation methods; primary and secondary mortgage markets, mortgage banking, loan

    instruments, mortgage securitization, as well as lenders and borrowers decisions regarding real estate

    financing. Prerequisites: BA 385T, RE 386.2, FIN 397.1

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