Finance, Economics and Risk Management Courses
Business (BUS) courses
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Prerequisite: permission of the director of the Master of Professional Studies program.
An exploration of business principles and their application. Designed for graduate students who do not have an undergraduate degree in business. This course may not be counted in the hours required for a College of Business undergraduate or graduate degree.
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A study of e-business and online entrepreneurship from an applied, best practices point of view. Classroom visits by online entrepreneurs provide unique, real-world insights into the advantages, disadvantages, and challenges of doing business over the internet. May be taught concurrently with BUS 510. Cannot receive credit for both BUS 510 and BUS 610.
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A practical, skills-based study of negotiation, mediation, and arbitration from the business manager's perspective. This hands-on course is designed to develop the skills necessary to enable the business manager to effectively participate in negotiation, mediation, and arbitration as alternatives to litigation for resolving business disputes. Identical with LAW 650. May be taught concurrently with BUS 550. Cannot receive credit for more than one of BUS 550, BUS 650, LAW 550, or LAW 650.
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Prerequisite: 15 graduate hours and admission to a graduate program.
A variable topics course focusing on contemporary issues in business. The course will include a significant writing/research project and presentation.
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Prerequisite: acceptance into the related Education Abroad program; and admission to a graduate program.
Offered in conjunction with an international Education Abroad program, this course consists of three parts; 1. Background research and discussion on selected companies and institutions in one or more international locations to be visited. This will address the economic, political, global, historical, social, ethical and cultural environment in which they function. 2. A visit, typically of seven days or longer, to the international destination(s) to explore the culture and visit companies, institutions, and cultural icons. 3. A final written project and discussion of the experience. The course involves research, written and oral reporting, and presentations with graduate level proficiency. Group interactions based upon trust, respect, and integrity are required.
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Prerequisite: acceptance into the related field experience program; and admission to a graduate program.
Offered in conjunction with a domestic field experience program through the Office of Education Abroad, this course consists of three parts; 1. Background research and discussion on selected companies and institutions in one or more major U.S. financial center(s) (e.g. New York City) to be visited. This will address the economic, political, global, historical, social, ethical and cultural environment in which they function. 2. A visit, typically of seven days or longer, to the international destination(s) to explore the culture and visit companies, institutions, and cultural icons. 3. A final written project and discussion of the experience. The course involves research, written and oral reporting, and presentations with graduate level proficiency. Group interactions based upon trust, respect, and integrity are required.
Economics (ECO) courses
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Prerequisite: College of Business majors must receive permission from a director of a College of Business graduate program.
An accelerated course dealing with the fundamentals of micro- and macroeconomic theory, designed for graduate students who have not completed undergraduate principles of economics. This course will not be counted in the hours required for a College of Business graduate degree.
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Recommended Prerequisite: ECO 165. A basic study of the economics of the health care market. Microeconomic theory is applied to the analysis of health care issues. Attention will be given to empirical studies of health care economics. Identical with HCM 604. Cannot receive credit for both ECO 604 and HCM 604. May be taught concurrently with ECO 504. Cannot receive credit for both ECO 504 and ECO 604.
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Prerequisite: QBA 600 or equivalent.
Students will learn simple regression and multiple regression analysis. Additional topics include model building, cross sectional and time series analysis, as well as related topics. Students will be required to engage in original research using the principles taught in the class and to write their research into a research paper. May be taught concurrently with ECO 409. Cannot receive credit for both ECO 409 and ECO 609.
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Recommended Prerequisite: ECO 409. Examination of the principles of economic model construction and the econometric techniques used in estimation of behavioral relationships. May be taught concurrently with ECO 508. Cannot receive credit for both ECO 508 and ECO 611.
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Recommended Prerequisite: ECO 155 and ECO 165; and completion of mathematics general education requirement. Allocation and distribution functions of the public sector of the economy; theories of taxation and public expenditure; shifting and incidences of taxes, local-state federal finance. May be taught concurrently with ECO 515. Cannot receive credit for both ECO 515 and ECO 615.
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Recommended Prerequisite: ECO 155 and ECO 165. Development of economic theory. May be taught concurrently with ECO 520. Cannot receive credit for both ECO 520 and ECO 620.
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Recommended Prerequisite: ECO 165. The course applies economic concepts and analysis to environmental issues such as pollution and natural resource management. Economic concepts and analysis used in the course will include supply and demand, cost benefit analysis, and the role of incentives. May be taught concurrently with ECO 540. Cannot receive credit for both ECO 540 and ECO 640.
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Recommended Prerequisite: ECO 165 or ECO 600. Study of economic forces determining the location of businesses and consumers, and the size, shape, and changes in market areas/cities/land use. Also, application of techniques of economic impact analysis to location decisions. May be taught concurrently with ECO 450. Cannot receive credit for both ECO 450 and ECO 650.
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Prerequisite: ECO 155 or ECO 165.
This course will examine the application of economic principles to natural resource and energy use. Topics include valuing the environment, management of renewable resources such as the forest, fisheries, water, and arable land as well as the management of nonrenewable resources such as oil, coal, and natural gas. Course will also examine waste and toxic substance disposal and the effect of industry and agriculture on the environment. May be taught concurrently with ECO 555. Cannot receive credit for both ECO 555 and ECO 655.
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This course examines the differing institutions of national economies. Students examine economic systems in various countries, past and present. The focus is on strategies countries use to compete globally, promote economic growth and development, provide for the public good, and protect various national interests in an increasingly global environment. Students also examine the ongoing evolution economic systems around the world, especially with regard to balancing the roles played by markets and governments in the economy. May be taught concurrently with ECO 456. Cannot receive credit for both ECO 456 and ECO 656.
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Recommended Prerequisite: QBA 237 or equivalent. Introduction to the key concepts of international trade and finance with a focus on the fundamental theories of international economics. Topics include the gains from and the patterns of international trade, protectionism, exchange rate determination and government policy intervention. May be taught concurrently with ECO 565. Cannot receive credit for both ECO 565 and ECO 665.
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Prerequisite: ECO 155 and ECO 165.
Recommended Prerequisite: ECO 365; and MTH 261 or equivalent. Development and application of mathematical techniques to economics. May be taught concurrently with ECO 473. Cannot receive credit for both ECO 473 and ECO 673.
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Recommended Prerequisite: ECO 365; and ECO 473 or familiarity with calculus-based optimization techniques. Unconstrained and constrained optimization; applications of the envelope theorem and duality to standard economic models, including utility maximization, profit maximization and expenditure/cost minimization. May be taught concurrently with ECO 585. Cannot receive credit for both ECO 585 and ECO 685.
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Recommended Prerequisite: ECO 385. Fluctuations in the level of economic activity; an examination of the basic principles and techniques of economic forecasting. May be taught concurrently with ECO 586. Cannot receive credit for both ECO 586 and ECO 686.
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Prerequisite: ECO 609 and ECO 710.
A seminar course requiring the completion of assignments which develop and refine economic research skills. A combination of papers and class presentations will be used to assess student achievement. Primarily for graduate students in their final year of study. May be taught concurrently with ECO 590. Cannot receive credit for both ECO 590 and ECO 690.
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Recommended Prerequisite: ECO 365; and ECO 385 or ECO 710; and ECO 409. The student is expected to conduct research in a selected topic in economics and to produce a written report. May be taught concurrently with ECO 599. Cannot receive credit for both ECO 599 and ECO 699.
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Prerequisite: ECO 600 or equivalent.
An intermediate to advanced study of selected topics in microeconomic and macroeconomic analysis.
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A general introduction to the politics of international economic relations, with a special emphasis on the extent, causes, and consequences of globalization. Covers such topics as trade, investment, aid, global warming, international institutions, and the political roots of economic development. Identical with PLS 721. Cannot receive credit for both ECO 721 and PLS 721.
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Recommended Prerequisite: ECO 305. Role performed by the Federal Reserve System, financial intermediaries, non-financial businesses, the public, and the foreign sector in developing and maintaining money and credit flows.
Finance (FIN) courses
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Prerequisite: ACC 600 and ECO 600; and permission of a director of a College of Business Graduate Program.
Comprehensive study of the finance function in the business enterprise, including financial analysis-planning-forecasting, capital budgeting, leasing, working capital management, capital structure, dividend policy, and multinational finance. Designed for graduate students who have not had an undergraduate course in financial management in the last five years. This course will not be counted in the hours required for a College of Business undergraduate or graduate degree.
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Prerequisite: LAW 231 or LAW 600; and FIN 380 or FIN 381 or FIN 600 or concurrent enrollment.
Estate planning process; estate distribution, probate, wills, trusts, gifts, life insurance; taxes incidental to an estate; administration of estates and trusts; analysis and selection of devices for lifetime and testamentary transfers of property. Identical with RMI 638. May be taught concurrently with FIN 538. Cannot receive credit for more than one of FIN 538, FIN 638, RMI 538, or RMI 638.
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Prerequisite: B- grade or better in FIN 380 or FIN 600; and admission to the MBA program, or admission to a graduate certificate program within the Finance and Risk Management Department, or permission from the MBA Program Director or a director of a graduate program within the College of Business.
This course provides an overview of the emerging field of Fintech. As a relatively new field, the world of Fintech is constantly (and rapidly) evolving. The course will cover the history of Fintech, and focus primarily on how Fintech has disrupted two areas of traditional finance: 1) financial intermediation, and 2) investment management. May be taught concurrently with FIN 570. Cannot receive credit for both FIN 570 and FIN 670.
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Prerequisite: ACC 321 and FIN 381 and FIN 485 and RMI 211 and LAW 231; and RMI 314 or concurrent enrollment; and FIN 538 or RMI 538 or RMI 638 or ACC 524 or ACC 624 or concurrent enrollment.
A case-oriented study of comprehensive financial planning for client families. This course integrates prior knowledge of financial planning principles and practice, investments, insurance, law, tax planning, retirement planning, and estate planning. Advanced topics in these subjects are also presented. The financial planning process, standards of professional practice, and planner ethics are emphasized. May be taught concurrently with FIN 581. Cannot receive credit for both FIN 581 and FIN 681.
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Prerequisite: B- grade or better in FIN 380 or FIN 600; and admission to the MBA program, or admission to a graduate certificate program within the Finance and Risk Management Department, or permission from the MBA Program Director, or a director of a graduate program within the College of Business.
This course is designed to survey how the key concepts of business finance can be applied in the context of a multinational firm. Topics include: the nature and functioning of the foreign exchange market, parity conditions, foreign exchange risk management, and international investment and financing decisions. May be taught concurrently with FIN 582. Cannot receive credit for both FIN 582 and FIN 682.
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Prerequisite: B- grade or better in FIN 380 or FIN 600; and admission to the MBA program, or admission to a graduate certificate program within the Finance and Risk Management Department, or permission from the MBA Program Director, or a director of a graduate program within the College of Business.
An overview of the portfolio management process for traditional assets such as equity and fixed income securities. Exploration of alternative assets categories, and how such assets can improve the portfolio management outcomes for investors. May be taught concurrently with FIN 585. Cannot receive credit for both FIN 585 and FIN 685.
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Prerequisite: B- grade or better in FIN 380 or FIN 600; and admission to the MBA program, or admission to a graduate certificate program within the Finance and Risk Management Department, or permission from the MBA Program Director, or a director of a graduate program within the College of Business.
An introduction to the study of international financial statement analysis emphasizing the financial statement analysis portion of the common body of knowledge from the Chartered Financial Analyst (CFA) program. May be taught concurrently with FIN 586. Cannot receive credit for both FIN 586 and FIN 686.
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Prerequisite: B- grade or better in FIN 380 or FIN 600; admission to the MBA program, or admission to a graduate certificate program within the Finance and Risk Management Department, or permission from the MBA Program Director, or a director of a graduate program within the College of Business.
Valuation of equity, fixed income, and derivative securities. May be taught concurrently with FIN 587. Cannot receive credit for both FIN 587 and FIN 687.
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Prerequisite: B- grade or better in FIN 380 or FIN 600; and admission to the MBA program, or admission to a graduate certificate program within the Finance and Risk Management Department, or permission from the MBA Program Director or a director of a graduate program within the College of Business.
A study of the theory and practice of managing depository and non-depository financial institutions. The principal focus is asset and liability management, especially with respect to the risks associated with establishing the ideal balance between the two. Such risks include interest rate, liquidity, credit, foreign exchange and capital risk. The use of money and credit markets, as well as derivative securities to minimize risk as well as to achieve strategic financial objectives is stressed. Management implications of current developments in the interaction between financial institutions and markets are discussed. May be taught concurrently with FIN 589. Cannot receive credit for both FIN 589 and FIN 689.
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Prerequisite: permission of department head.
Research issues and problems growing from special areas of a student's interest which may require additional depth or breadth of study. Student's proposal and outline of study must be approved prior to enrolling. May be repeated to a maximum of six hours. May be taught concurrently with FIN 596. Cannot receive credit for more than six hours of FIN 596 and FIN 697 combined.
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Prerequisite: FIN 485 or FIN 785.
An introduction to finance industry research tools and the use of those tools to conduct in-depth security analysis and portfolio management. The course emphasizes more advanced security analysis and portfolio management techniques, aided by the use of industry accepted research tools. May be taught concurrently with FIN 598. Cannot receive credit for both FIN 598 and FIN 698.
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Prerequisite: permission of instructor.
The professor and student will devise a study plan, based upon the CFA Institute's Common Body of Knowledge, that will best-prepare the student to pass the CFA Level I Exam in June of the current year. May be taught concurrently with FIN 599. Cannot receive credit for both FIN 599 and FIN 699.
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Prerequisite: ACC 711; and B- grade or better in FIN 600; and admission to the MBA program, or admission to a graduate certificate program within the Finance and Risk Management Department, or permission from the MBA Program Director or a director of a graduate program within the College of Business.
An advanced study of the theory and practice of corporate financial management, including financial analysis and forecasting, working capital, capital budgeting, cost of capital, capital structure, mergers and acquisitions, and valuation. The course utilizes cases to emphasize both theory and technology in supporting sound financial decision-making.
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A study of investment theory and practice. Topics include portfolio theory, equilibrium in capital markets, equity and fixed income security analysis, derivatives (options, futures, swaps), portfolio management and strategies.
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A study of the fundamentals, pricing, and trading strategies of options, forwards, futures and swaps. Emphasis is placed on the modeling tools most widely used for calculating their prices and related hedging parameters. The course includes an exploration of current/relevant literature concerning market mechanics, participants, and government regulation. Each student will participate in the preparation of a significant team project and presentation.
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An introduction to fundamental financial management concepts and skills necessary for managers at a variety of levels in healthcare organizations. The course provides an overview of financial management and how the finance function is organized in healthcare organizations. Topics covered include: time value of money, risk and return, asset valuation, capital budgeting, financial analysis, costs of capital, and working capital management.
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Prerequisite: 15 graduate hours in business administration and economics including FIN 780 and permission of the coordinator of graduate studies.
Critical evaluation and interpretation of research and literature in finance.
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Prerequisite: B- or better in FIN 380 or 600; acceptance into the related Education Abroad program; and admission to a graduate program.
Offered in conjunction with an international Education Abroad program, this course consists of three parts; 1. Background research and discussion on selected companies and institutions in one or more international locations to be visited. This will focus primarily on financial aspects of companies and institutions, but will also address the economic, political, global, historical, social, ethical, and cultural environment in which they function. 2. A visit, typically of seven days or longer, to the international destination(s) to explore the culture and visit companies, institutions, and cultural icons. 3. A final written project and discussion of the experience. The course involves research, written and oral reporting and presentations with graduate-level proficiency. Group interaction based upon trust, respect, and integrity are required.
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Prerequisite: permission of the director of the appropriate graduate program and department head.
In consultation with the coordinating professor, the student is engaged in on-the-job experience with a business, organization, or other professional entity. A portfolio of assigned work shall be collected, examined and evaluated during the semester.
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Prerequisite: B- or better in FIN 380 or FIN 600; and admission to a graduate program.
Offered in conjunction with an domestic field experience through the Office of Education Abroad, the course consists of three parts; 1. Background research and discussion of selected companies and institutions of one or more major U.S. financial center(s) (e.g. New York) and the economic, political, international, historical, social, ethical, and cultural environment in which they function. 2. A visit of approximately seven days' duration to the financial center(s) to visit selected companies, financial markets, and cultural icons. 3. A final written project and group discussion of the experience. The course involves extensive research, written and oral reporting, and group interaction based upon trust, respect and integrity.
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Prerequisite: permission of the director of the appropriate graduate program and department head.
In consultation with the advisor, student selects for intensive study a specific area of concern related to the student's program with emphasis on research.
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Prerequisite: permission of instructor and successful completion of the CFA Level I exam.
The professor and student will devise a study plan, based upon the CFA Institute's Common Body of Knowledge, that will best-prepare the student to pass the CFA Level II Exam in June of the current year.
Law (LAW) courses
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Prerequisite: permission of a director of a College of Business Graduate Program.
Contemporary legal and ethical issues encountered by business managers will be discussed, including issues related to torts, vicarious liability, products liability issues; formation and enforcement of contracts and sale of goods; regulatory environment affecting employment practices/discrimination, product advertising and environmental responsibility; economic development issues associated with environmental sustainability, property rights, constitutional law and city planning. Agency liabilities and fiduciary responsibilities of agents and managers in business organizations will be examined. An overview of the court system and legal dispute resolution mechanisms will be integrated. This course is primarily intended for MBA students who do not have equivalent undergraduate business law coursework, and this course will not be counted in the hours required for a College of Business graduate degree.
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Prerequisite: LAW 231 or LAW 600.
Legal, regulatory, and ethical issues related to employer-employee relationship, including employment-at-will doctrine, discrimination and union contracts. May be taught concurrently with LAW 531. Cannot receive credit for both LAW 531 and LAW 631.
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Prerequisite: LAW 231 or LAW 600.
Agency and employment responsibilities and liabilities facing new and traditional forms of business organizations are compared, along with selected tax and security regulation issues. Personal and real property concepts are examined, along with environmental exposure issues. Selected contract and UCC concepts are reviewed. Issue recognition, problem analysis approach and testing mechanisms are especially appropriate for individuals taking the CPA or other professional exams. May be taught concurrently with LAW 532. Cannot receive credit for both LAW 532 and LAW 632.
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Environmental laws and government regulations of air, water and land utilization, energy resources, solid and toxic waste disposal, torts, labeling of toxic substances, recycling; ethical, public policy and international implications such regulations and court interpretations pose for business practices, natural resource utilization, health quality, biodiversity, and endangered species. May be taught concurrently with LAW 537. Cannot receive credit for both LAW 537 and LAW 637.
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Prerequisite: LAW 231 or LAW 600.
Legal and ethical issues associated with doing business in a global economy. Difference in approach to contracting and merchandising; product standards, protection and liability; trade barriers and regulation of business practices. May be taught concurrently with LAW 539. Cannot receive credit for both LAW 539 and LAW 639.
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A practical, skills-based study of negotiation, mediation, and arbitration from the business manager's perspective. This hands-on course is designed to develop the skills necessary to enable the business manager to effectively participate in negotiation, mediation, and arbitration as alternatives to litigation for resolving business disputes. Identical with BUS 650. May be taught concurrently with LAW 550. Cannot receive credit for more than one of BUS 550, BUS 650, LAW 550, or LAW 650.
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Prerequisite: LAW 231 or LAW 600.
In-depth study of selected contemporary legal issues and their impact on the environment of business. Exploration of legal resources relevant to the topics.
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Prerequisite: LAW 231 and LAW 335; or LAW 600.
Evolution of legal theory regarding governmental regulation of business. The judicial application of laws relating to anti-trust, price discrimination, entry regulation, rate making.
Risk Management and Insurance (RMI) courses
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Prerequisite: FIN 390 or FIN 485 or MTH 261 or RMI 310 or QBA 600 or concurrent enrollment in any of these courses.
Actuarial and financial models of risk, statistical distributions, and simulations. Applications to operational, credit and market risks. May be taught concurrently with RMI 520. Cannot receive credit for both RMI 520 and RMI 620.
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Prerequisite: FIN 390 or FIN 485 or MTH 261 or RMI 310 or QBA 600 or concurrent enrollment in any of these courses.
Insurance transfers including captives. Non-insurance transfers including derivative markets, asset backed and insurance linked securitizations. May be taught concurrently with RMI 530. Cannot receive credit for both RMI 530 and RMI 630.
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Prerequisite: LAW 231 or LAW 600; and FIN 380 or FIN 381 or FIN 600 or concurrent enrollment.
Estate planning process; estate distribution, probate, wills, trusts, gifts, life insurance; taxes incidental to an estate; administration of estates and trusts; analysis and selection of devices for lifetime and testamentary transfers of property. Identical with FIN 638. May be taught concurrently with RMI 538. Cannot receive credit for more than one of FIN 538, FIN 638, RMI 538, or RMI 638.
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Prerequisite: QBA 600 or equivalent.
Focus on the advanced study of risk management and insurance incorporating both theory and practice.
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Prerequisite: RMI 211; acceptance into the related Education Abroad program; and admission to a graduate program.
Offered in conjunction with an international Education Abroad program, this course consists of three parts; 1. Background research and discussion on selected companies and institutions in one or more international locations to be visited. This will focus primarily on risk management and insurance aspects, but will also address the economic, political, global, historical, social, ethical, and cultural environment in which they function. 2. A visit, typically of seven days or longer, to the international destination(s) to explore the culture and visit companies, institutions, and cultural icons. 3. A final written project and discussion of the experience. The course involves research, written and oral reporting and presentations with graduate-level proficiency. Group interaction based upon trust, respect, and integrity are required.
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Prerequisite: RMI 211; acceptance into the related field experience program; and admission to a graduate program.
Offered in conjunction with a domestic field experience program through the Office of Education Abroad, this course consists of three parts; 1. Background research and discussion on selected companies and institutions in one or more major U.S. financial center(s) (e.g. New York City) to be visited. This will focus primarily on risk management and insurance aspects, but will also address the economic, political, global, historical, social, ethical, and cultural environment in which they function. 2. A visit, typically of seven days or longer, to the destination(s) to explore the culture and visit companies, institutions, and cultural icons. 3. A final written project and discussion of the experience. The course involves research, written and oral reporting and presentations with graduate-level proficiency. Group interaction based upon trust, respect, and integrity are required.