BUSINESS & ECONOMIC POLICY (3 credits)
This course explores economic theory and practice at the level of individuals and businesses. It explores various economic theories and compares them against empirical evidence. Finally, the course focuses on how the insights gathered can be applied to inform successful business practice in the real world.
- Explain the causes of economic supply and demand
- Illustrate how supply and/or demand can change and/or evolve over time
- Understand the production process apply benchmarks to assess said processes
- Illustrate the different types of market structures
- Explain how market distortions occur and critique their impact
- Identify and evaluate the impact of externalities and public goods on markets
- Show how knowledge of microeconomic theory can be beneficially applied at the individual or business entity level
FINANCIAL REPORTING (3 credits)
This course introduces students to the essential elements of accounting principles and their usage in financial reporting. Students will learn how to read, assess and interpret financial statements. They will also learn where and how to access publicly available financial information. The course will also demonstrate how to use core accounting information for various financial benchmarking and modeling outcomes.
- Identify the various types of financial statements
- Interpret and assess the various types of information found within financial statements
- Interpret significant principles that comprise generally accepted accounting practices (“GAAP”)
- Employ accounting data for particular financial applications
- Identify examples of flawed accounting information
- Create cash flow analysis from accrual based accounting data
- Apply accounting data within the context of solving a “finance” decision
CORPORATE FINANCIAL DECISION MAKING (3 credits)
This course introduces students to the foundational knowledge that is essential for any person who is involved in the field of corporate finance. Core concepts that are explored include, but are not limited to, understanding time value of money principles, designing cash flow projections, calculating and applying weighted average cost of capital, assessing capital investment expenditures, and balance sheet management.
INVESTMENTS (3 credits)
This course surveys the contemporary field of investing. Students will be introduced to significant theories regarding the operations and behavior of capital markets. The course will also introduce students to the variety of investment vehicles available in the marketplace, including equities, fixed-income securities, derivatives, and non-traditional investments. Finally, the course will cover beginning elements of portfolio construction.
- Compute bond prices and yields
- Estimate equity valuations
- Explain the relevance of theories such as CAPM, EMT, and APT to real world application
- Explain how macroeconomic behavior impacts capital market
- Explain how derivatives can be used to impact risk
- Explain the theories regarding asset diversification and risk, and their application the real world
- Assess the historical evidence and how it validates or repudiates common investment theory
FINANCIAL STATEMENT ANALYSIS (3 credits)
- This course introduces students to the methodologies of analyzing and interpreting GAAP financial statements from a finance perspective. Students will learn how to generate financial projections from financial statement data in order to assess future business performance. By the end of the course, students will be capable of accessing core information, projecting future cash flows, and will be introduced to entity valuation concepts.
- Describe the structure and information of balance sheets, income statements and statements of cash flows
- Classify accounting activity properly within a set of financial statements
- Assess financial information contained within financial statements
- Interpret information disclosed in financial statement footnotes
- Assess a company’s overall financial health in comparison to its competitors
- Explain the financial implications of off balance-sheet financial activity
- Apply financial statement information in assessing the fair market value of a business enterprise
MERGERS, ACQUISITIONS & VALUATIONS (3 credits)
This course introduces students to the methodologies used to value business enterprises. Students will learn various market-accepted valuation models used to estimate entity market value. The course will also investigate the dynamic nature of the mergers and acquisitions marketplace, with an emphasis on understanding common negotiating points and potential pitfalls that often occur in private sector mergers and acquisitions.
RISK MANAGEMENT & DERIVATIVES (3 credits)
This course considers the field of risk management. It will review the current state of global and domestic insurance markets. Students will learn techniques, including the use of derivatives, which will enable private sector companies and investors to manage the levels of volatility outcomes in various financial scenarios.
BUSINESS FINANCIAL STRATEGIC PLANNING (3 credits)
This course is an in-depth look at how finance is an integral element in the strategies of business entities incorporating diverse entity functions such as finance operations and sales. Students will investigate the interrelationships between these functions in creating a well-designed strategic business plan. They will also be introduced to appropriate ways to benchmark and adjust strategies in the face of changing market environments. The course will also address how macro level economic, political and technological variables can impact an entity’s performance.
PORTFOLIO MANAGEMENT (3 credits)
This course teaches students techniques and methodologies that are appropriate in constructing investment portfolios. Students will identify outcome goals in light of risk and reward tolerances and then construct portfolios that align with the initial objectives. They will also learn how to appropriately benchmark and adjust the portfolio composition in light of changing events and trends.
STRATEGIC MANAGEMENT (3 credits)
This course develops the student’s ability to anticipate, evaluate, and respond to shareholder expectations using strategy and measurement concepts. This requires the student to develop the ability to simultaneously evaluate and manage the organization’s internal and external environment. Skills to satisfy shareholders include: articulating vision, choosing boundaries and lines-of-business, and identifying and managing capabilities/resources across multiple lines-of-business. The integration of the concepts of free cash flow projection and company valuation explores how strategy drives these measures, which in turn drive value back to the shareholder.
Please note: Some courses listed above have prerequisites prior to registration.