Finance (FINC)

This is an archived copy of the 2019-2020 catalog. To access the most recent version of the catalog, please visit http://e-catalog.sewanee.edu.

FINC 201     Corporate Finance  (4)

This course addresses the concepts underlying corporate finance and equity markets. Topics include financial statement analysis, time value of money, security valuation, capital budgeting, capital structure, dividend policy, and working capital management. Prerequisite: ECON 101.

FINC 301     Investments  (4)

This course examines investment theory and its applications. Topics include equity valuation, equity trading, portfolio theory, asset pricing models, performance evaluation, and efficient market hypothesis. Prerequisite: STAT 204 and (FINC 201 or ECON 360).

FINC 302     Derivatives and Fixed Income Securities  (4)

This course introduces students to fixed income securities, derivatives contracts, and the use of these contracts in trading and risk management. Topics include yield curve, duration, types of fixed income products, structured financial instruments, futures, forward contracts, swaps, and options. This course cannot be taken for credit by students who have already completed ECON 362. Prerequisite: (ECON 360 or FINC 201) and STAT 204.

FINC 305     Financial Modeling  (4)

Examines the real-world applications of finance theory and helps students develop financial modeling skills. Topics include the dividend discount model (DDM), financial statement modeling, discounted cash flow (DCF) analysis, the leverage buyout (LBO) model, merger modeling, bond valuation, and portfolio optimization. Prerequisite: (ECON 360 or FINC 201) and STAT 204.

FINC 310     Real Estate Finance  (4)

This course examines investment theory and its applications. Topics include equity valuation, equity trading, portfolio theory, asset pricing models, performance evaluation, and efficient market hypothesis. Prerequisite: BUSI 215 and (FINC 201 or ECON 360).

FINC 385     Special Topics  (2 or 4)

A selection of topics are explored depending on interest. This course may be repeated for credit when the topic differs.

FINC 410     Advanced Security Analysis  (4)

This course examines theory, concepts, and tools for advanced security analysis focusing on equities. Topics include financial statement analysis, security valuation, equity research, financial modeling, and portfolio analysis and management. Open only to seniors pursuing majors in finance. Prerequisite: BUSI 215 and FINC 301 and (ECON 333 or STAT 214).