FINANCE COURSES – Student Learning Outcomes1

FIN 240: Legal Environment of Business

Course Objectives
Students will be able to identify and analyze the relevant legal issues involved in civil and
criminal matters affecting business.

Student Learning Outcomes

At the end of this course students should be able to:

1. Identify legal issues that impact financial and other risks affecting business.
2. Analyze relevant case law for the purpose of finding legal precedents that will be used to
persuade a judge or jury.
3. Interpret statutory law for purposes of risk avoidance, and to establish control
mechanisms.

FIN 321: Managerial Economics

Course Objectives
Study the application of analytical tools and microeconomic concepts to corporate resource
allocation, demand and cost determination, industry positioning, and pricing mechanisms.

Student Learning Outcomes

At the end of this course students should be able to:
1. Use stylized examples, determine if a company is optimally employing available
resource.
2. Calculate demand elasticities from demand equations.
3. Categorize economic costs.
4. Contrast the decision-making process across industries characterized by pure
competition, monopolies, and oligopolies.
5. Illustrate common pricing strategies.
6. Give examples of the government ensuring the legal behavior of firms.

FIN 323: Fundamentals of Finance

Course Objectives

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Last updated August 2012
To obtain an understanding and ability to use basic business financial management concepts and
tools of analysis such as valuation, risk-return relationships, financial statement analysis, capital
budgeting, cost of capital, capital structure, and working capital management. Tobecome familiar
with the various types of financing available to a firm.

Student Learning Outcomes

At the end of this course students should be able to:
1. Explain domestic financial markets and institutions and how firms obtain funds in the
financial markets and at what cost.
2. Apply basic valuation concepts.
3. Describe what determines the value of a firm’s securities and how management can
influence these values.
4. Measure a firm’s risk, explain what determines this risk, and how this affects the value of
a firm.
5. Analyze a firm’s performance to determine its strengths and weaknesses, and be able to
use financial analysis to improve performance.
6. Forecast a firm’s financial needs.
7. Discuss the various methods for analyzing projects, how to apply them, and what to do if
there are conflicting recommendations.
8. Manage a firm’s working capital efficiently.
9. Define what leverage is explain how a firm influences its leverage, and how leverage
affects a firm.
10. Describe how firms raise money in foreign markets.
11. Define the finance terminology in the above areas.

FIN 325: Intermediate Finance

Course Objectives
To understand theories of value, risk and return, capital investment decisions, financing
decisions, dividend policy, capital structure, and options. Also, to study leasing, corporate
takeovers, and managerial compensation.

Student Learning Outcomes

At the end of this course students should be able to:
1. Create and interpret financial statements.
2. Create and interpret cash flow statements.
3. Determine discount/hurdle rates.
4. Evaluate investments in working capital and long-term assets.
5. Demonstrate proficiency in valuation techniques, both DCF (discounted cash flow) and
non-DCF
6. Apply the contingent claims approach to valuation

FIN 326: Financial Institution Management

Course Objectives
To acquire the skills necessary to manage a financial firm, to describe and apply financial
concepts, theories, and tools, and to evaluate the role of technology and the legal, ethical and
economic environment as it relates to financial institutions including the Federal Reserve,
commercial banks, insurance companies, mutual funds, investment banks, pension funds, federal
regulatory agencies, and federal and state guaranty institutions.

Student Learning Outcomes

At the end of this course students should be able to:
1. Describe the dimensions of performance and risk relevant to financial firms.
2. Calculate contemporary measures of financial measures of performance and risk.
3. Describe contemporary managerial risk management oversight processes.
4. Explain how the financial services component industries (insurance, banking, securities,
real estate and financial planning) interact.
5. Design hedging strategies to manage market risks (e.g., currency, commodity, economic
and political).
6. Evaluate the economic environment and the impact of governmental economic policies
on consumers and financial institutions.
7. Describe the impact that financial innovation, advances in technology, and changes in
regulations has had on the structure of the financial firms/industry.

FIN 327: Investments

Course Objectives
To advance the understanding of fundamental concepts of finance, financial markets and market
participants, valuation techniques of financial instruments, and working knowledge of portfolio
management.

Student Learning Outcomes

At the end of this course students should be able to:
1. Describe the general structure of various financial markets.
2. Value financial products such as common stocks (both undervalued and overvalued) and
fixed-income securities.
3. Use financial derivatives as hedging instruments.
4. Build a diversified portfolio and assess portfolio performance.

FIN 328: Entrepreneurial Finance

Course Objectives
To study the concepts, techniques, instruments and institutions involved in new venture finance
and private equity, with a special focus on the technology sector, and gain an understanding of
the different stages of investment in an entrepreneurial firm (from early rounds to the exit) and
the structure, strategy, and performance of the venture capital firm.

Student Learning Outcomes

At the end of this course students should be able to:
1. Identify the financing process of the entrepreneurial business.
2. Perform financial analysis and plan as applied to startups and forecast free cash flow.
3. Employ corporate finance principles (such as contingent claims and contracting theory)
for the analytical valuation of new ventures.
4. Identify the role of private equity investors – for example, angels, VCs, vendors – in
startups.
5. Identify the key elements of a good business plan.
6. Analyze the process through which entrepreneurs and private equity investors exit their
investments.

FIN 329: International Business Finance

Course Objectives
To study the role that international trade and investment, currency movements, derivative
instruments, hedging strategies, international financial markets, and international agreements and
institutions play in the management of multinational corporations.

Student Learning Outcomes

At the end of this course students should be able to:
1. Identify the reasons for international trade
2. Describe the importance of balance of trade and balance of payments to the development
of macroeconomic policy.
3. Discuss the role that international institutions play in the global arena.
4. Judge whether international parity conditions are met
5. Describe the various currency arrangements a country may adopt
6. Identify opportunities for arbitrage and discuss methods to exploit these opportunities.
7. Describe and distinguish among alternative derivative instruments, including the different
types of exposures multinational corporations face when using derivative instruments.
8. Evaluate cross-border investment opportunities, and describe a multinational firm’s
decision-making process for long-term capital budgeting, short-term cash-flow
management, and the management of international taxation.

FIN 331: Real Estate Essentials

Course Objectives
To study the fundamentals of real estate, including the concepts, theories and industry practices
in real estate investment, and finance and development decision making, and to gain an
understanding of real estate legal foundations, government regulations, valuation, and brokerage.

Student Learning Outcomes

At the end of this course students should be able to:
1. Explain how real estate is defined physically and legally.
2. Explain how different levels of governments, i.e., local government, state government
and the federal government affect the real estate market.
3. Explain how real estate value is determined by market supply and demand, as well as
capital market conditions.
4. Use the market comparison approach to value a residential property and use the income
approach to value an income-producing property.
5. Make mortgage calculations, e.g. monthly payment, amortization table construction and
effective borrowing cost.
6. Explain the common sources of commercial real estate financing.
7. Calculate the NOI, NPV and IRR of a commercial real estate investment and make
investment suggestions.
8. Read a real estate listing contract and a sales contract.
9. Explain the basic process of real estate development.
10. Explain the difference between real estate property management and real estate asset
management.

FIN 333: Law of Real Property

Course Objectives
To become familiar with the basic concepts of real property law, including the nature and scope
of real property, estates in land, landlord and tenant relationships, real estate transactions,
mortgages, deeds, easements, land use, ownership rights and responsibilities, and environmental
law, and to gain a broad understanding of the various legal issues associated with real property
and real property transactions.

Student Learning Outcomes

At the end of this course students should be able to:
1. Identify and be familiar with the variety of statutory and case law affecting property
owners, tenants, and investors.
2. Assess the legal, monetary, and practical risks/benefits of real estate arrangements and
transactions.
3. Make thoughtful, well-reasoned property decisions that result in maximum satisfaction
and profitability, and minimal risk.
FIN 421: Portfolio Management and Security Analysis

Course Objectives
To understand the empirical and theoretical implications of the financial environment and
valuation techniques on optimal portfolio management.

Student Learning Outcomes

At the end of this course students should be able to:
1. Analyze and evaluate financial markets, how securities are traded, mutual funds, investment
companies, and investor behavior.
2. Construct optimal portfolios and illustrate the theory and empirical applications of asset-pricing
models.
3. Explain macro and industry analysis, equity valuation, financial statement analysis and technical
analysis.
4. Analyze bond prices and yields and fixed-income portfolios.
5. Explain what options and futures are and their use as hedging instruments.
6. Characterize the implications of the market efficiency evidence on active portfolio management.

FIN 423: Financial Analysis and Management

Course Objectives
To develop critical thinking and problem solving competencies, at both the individual and group
levels, of financial statement analysis, financial planning, principles of valuation, capital
budgeting, capital structure, and issues in financial policy, and to apply financial theory to
analyze real life situations in an uncertain environment with an incomplete data set.

Student Learning Outcomes

At the end of this course students should be able to:
1. Use Financial Statements to evaluate firm performance.
2. Project Financial Statements (B/S, I/S, budgets, etc.).
3. Use Financial Statements to obtain Cash Flows for the firm and equity holders.
4. Calculate and project Free Cash Flow.
5. Determine financial drivers of Free Cash Flow.
6. Calculate the cost of debt, cost of equity and the Cost of Capital.
7. Use DCF and other valuation techniques to value projects and firms; perform risk
analysis; analyze Mergers, Acquisitions, Leverage Buyouts and Initial public Offerings.
8. Evaluate alternative financing options.
9. Evaluate the economic and industry environment, domestic and international.
10. Develop hands-on, pro forma modeling skills using Excel.
11. Develop presentation and writing skills.
FIN 427: Derivatives and Financial Risk Management

Course Objectives
To understand issues pertaining to pricing and hedging with options on individual stocks and
indexes, to examine forwards and futures contracts for equity indexes, commodities, and
currencies, and to analyze second generation derivative products such as interest rates and the
management of credit risks.

Student Learning Outcomes

At the end of this course students should be able to:
1. To have a Discuss and explain in detail financial instruments such as options, futures, swaps
and other derivative securities.
2. Describe and understand the economic environment in which such instruments operate.
3. Develop and employ theoretical valuation methods to price these financial instruments.
4. Apply these instruments in managing the risk of investing and hedging activity at the
individual and the corporate level.

FIN 431: Real Estate Finance

Course Objectives
To acquire the knowledge and develop the analytical skills for jobs in the real estate
development, brokerage, mortgage banking and investment banking industries.

Student Learning Outcomes

At the end of this course students should be able to:
1. Identify different types of mortgages available in the market and explain their characteristics.
2. Calculate fixed-rate mortgages (FRM) and adjustable-rate mortgages (ARM) (e.g. monthly
payment, amortization and effective borrowing cost) and make a rational choice among
various mortgages based on the calculations.
3. Identify the major players in the US secondary mortgage market and explain how the market
is functioning.
4. Analyze the impacts of the recent mortgage market crisis on financial markets and on the US
economy.
5. Compare different sources of commercial real estate financing (both the debt side and the
equity side) and analyze how leverage affects risk and return.
6. Explain what Mortgage-backed Bonds (MBBs), Mortgage-backed Securities (MBS) and
Commercial Mortgage-backed Securities are.

FIN 433: Theory of Real Property Value

Course Objectives
To provide a foundation for the valuation of real estate and a comprehensive review of the
concepts and tools used for placing an economic value on real property for purposes of
acquisition, divestiture or investment.

Student Learning Outcomes

At the end of this course students should be able to:
1. Describe and explain basic concepts of real estate valuation.
2. Estimate the value of property using the sales comparison approach.
3. Estimate the value of property using the income approach.
4. Estimate the value of property using the cost approach.
5. Better interact with appraisers and interpret appraisal reports upon entering the real estate
industry.

FIN 435: Real Estate Investment Analysis

Course Objectives
To gain an understanding of how debt and equity funds are attracted to capitalize investment real
estate by utilizing standard investment measures of Internal Rate of Return, Net Present Value
and Return on Investment to evaluate prospective real estate investments and formulate
investment strategies that will optimize the investor’s expected investment outcome.

Student Learning Outcomes

At the end of this course students should be able to:
1. Create and evaluate real estate investment cash flow models and pro formas.
2. Determine a defensible methodology to forecast real estate investment cash flows and
measure investment performance.
3. Use discounted cash flow models to measure the impact of alternative investment strategies
in order to formulate a strategy to maximize investment yield. Variables for comparison will
include alternative financing, project density, income and expense expectations.
4. Identify real estate investment risk factors and measure their impact on investment
performance in order to identify the optimum real estate investment strategy.
5. Complete an investment real estate loan request package that is intended to attract debt
financing to a real estate investment that they select.
6. Work in small groups to formulate a real estate investment strategy for one or more
properties, with each group organizing themselves and managing their workflow and
presenting their results to the entire class.

FIN 437: Real Estate Development

Course Objectives
To obtain a sufficient understanding of the development process, enabling students to gain an
entry-level position in the real estate industry.
Student Learning Outcomes
At the end of this course students should be able to:
1. Describe past real estate downturns, their causes, their lessons, and why oversupply seems to
recur despite those lessons.
2. Describe the phases of real estate development, the roles of people involved in each, the tools
they have at their disposal, the challenges and risks associated with each phase, and the
opportunities to add value each step of the way.
3. Perform feasibility analysis, both at the market and project level.
4. Analyze real estate market data and others’ interpretations of that data.
5. Plan a development.
6. Confront the issues facing developers in the 21st century.

FIN 445: Estate Planning

Course Objectives
To study the tax and non-tax issues involved in the establishment of a personal estate plan
designed to achieve both financial and non-financial goals and objectives.

Student Learning Outcomes

At the end of this course students should be able to:
1. Interpret and apply Estate and Gift Tax statutes and regulations – and income taxes as they
pertain to estates and trusts.
2. Describe primary estate planning documents, such as wills, trusts, durable powers of
attorney, annuities and insurance policies.
3. Explain the process of probate and probate avoidance devices.
4. Describe bypass and marital deduction trusts.
5. Describe strategies for lifetime transfers of assets.
6. Explain tax and non-tax issues affecting closely held businesses.

FIN 522: Individual Insurance Management

Course Objectives
To study risk management and insurance decisions in personal financial planning, with
applications to insurance for life, health, disability, property and liability risks, as well as
annuities, group insurance, and long term care.

Student Learning Outcomes

At the end of this course students should be able to:
1. Comprehend key insurance terminology and contract features.
2. Evaluate client insurance and risk management needs.
3. Identify and explain features of private and public insurance available to meet each identified
need.
4. Demonstrate the ability to appropriately select from available products to meet clients’ needs.
5. Integrate the tax implications into insurance decisions.
6. Incorporate employee benefits into financial planning recommendations.
7. Develop the analytical skills necessary to make optimal decisions relatively to insurance
products and alternative strategies.
8. Process information effectively from realistic insurance documents.
9. Use spreadsheets to project products illustrations.

FIN 589: Personal Financial Planning

Course Objectives
To study the financial planning process including data gathering, cash flow and debt
considerations, goal programming (including retirement and education funding), integration of
plan elements, plan formulation and implementation. Special emphasis will be placed upon
practice management considerations including the establishment of ethical and legal client and
professional relationships.

Student Learning Outcomes

At the end of this course students should be able to:
1. Explain and define the nature of the financial services industry with respect to providing
personal financial planning services and compare those services with those provided by
professional planners.
2. Describe and execute the steps involved in developing a financial plan
3. Evaluate the trends that make financial planning an emerging profession.
4. Evaluate a clients psychological attitudes so that a plan can be implemented that is acceptable
to the clients.
5. Demonstrate communications skills necessary to gather needed client information and to
motivate clients to execute your advice.
6. Create meaningful family financial statements and interpret them so as to recognize problems
and opportunities, strengths and weaknesses.
7. Evaluate clients’ emergency funds, preparation for fiscal stress and credit worthiness and
their use of debt and propose improvements.
8. Evaluate the economic environment to understand how it may affect clients’ plans including
interest, inflation and growth rates.
9. Explain the issues involving forecasting the slope of the security market line.
10. Analyze and evaluate various investment alternatives and strategies and match them with
specific client needs and objectives.
11. Operate a financial planning practice while meeting the ethical, legal, regulatory and business
constraints within which planners operate.
12. Evaluate a client’s ability to reach their financial objectives and strategies for meeting them.
These include retirement, education, asset acquisition, and standard of living goals, among
 others.

FIN 604: Legal Environment for Executives

Course Objectives
To learn the rules governing our exchanging with one another and to effectively analyze an
exchange by properly applying the law.

Student Learning Outcomes

At the end of this course students should be able to:
1. Identify and interpret sources of law affecting business
2. Analyze legal issues affecting business

FIN 617: Financial Management II

Course Objectives
To provide, in conjunction with BA665, a complete overview of modern corporate finance,
including relevant theory and practical application.

Student Learning Outcomes

At the end of this course students should be able to:
1. Calculate common investment criteria and project cash flows associated with corporate
project evaluation
2. Apply measures of cost of capital and financial leverage to form long-term financial policies
for business
3. Judge the merits of leasing over borrowing to purchase assets
4. Describe the common factors influencing dividend policy
5. Describe applications of option in financial management
6. Relate capital investment decisions and financial policies to business valuations

FIN 641: Financing the Emerging Enterprise

Course Objectives
To study the role of finance in a Value Based Entrepreneurial Management Framework through
identification of Market Opportunity, Competitive Position, and the Composition and Terms of
Financing, and to gain understanding of how these elements interact to create value for the
founders and investors in a venture.

Student Learning Outcomes

At the end of this course students should be able to:
1. Identify and explain the key elements – Opportunity, Competitive Position, and the
Composition and Terms of Financing, i.e., Deal Structure – of the Value Based
Entrepreneurial Management Framework.
2. Explain cash flow and working capital management, and financial analysis and planning as
applied to startups.
3. Discuss valuation analysis and valuation issues as applied to startups.
4. Explain the role of investors – for example, angels VCs, vendors – in startups.

FIN 642: Financial Risk Management

Course Objectives
To understand issues pertaining to pricing and hedging with options on individual stocks and
indexes, to examine forwards and futures contracts for equity indexes, commodities, and
currencies, and to analyze second generation derivative products such as interest rates and the
management of credit risks. Current topics will be covered as relevant.

Student Learning Outcomes

At the end of this course students should be able to:
1. Provide a detailed explanation of financial instruments such as options, futures, swaps and
other derivative securities.
2. Describe the economic environment in which such instruments operate.
3. Develop and employ theoretical valuation methods to price these financial instruments.
4. Apply these instruments in managing the risk of investing and hedging activity at the
individual and the corporate level.

FIN 651: Seminar in Investments

Course Objectives
To study the advance the structure and functioning of financial markets as well as the role and
performance of the various market participants, to understand the theory and the empirical
evidence on modern portfolio theory and asset pricing models, and assess the overall
implications for active management and market efficiency.

Student Learning Outcomes

At the end of this course students should be able to:
1. Evaluate the structure of financial markets, the different types of securities, and the
performance of market participants.
2. Construct optimal portfolios following the tenets of modern portfolio theory.
3. Illustrate the theory and empirical applications of asset-pricing models: the CAPM, APT and
multifactor asset pricing models.
4. Appraise the empirical evidence on securities returns, active management and the related
implications for market efficiency.
FIN 652: Seminar in Security Analysis and Portfolio Management
Course Objectives
To examine the determinants and behavior of asset prices, to provide financial theory and the
analytical tools needed to make good investment decisions, and to model the relationship
between risk and return, optimal portfolio selection, asset pricing models, market efficiency,
portfolio performance evaluation, and the theory of active portfolio management.

Student Learning Outcomes

At the end of this course students should be able to:
1. Describe the steps of the portfolio management process.
2. Make investment policy recommendations, including the determination of an optimal asset
allocation.
3. Analyze and evaluate the performance of an investment manager.
4. Analyze bond portfolio management strategies.
5. Explain the concept of market efficiency.
6. Explain how asset prices should be determined according to some of the main financial
theories.
7. Explain how derivatives products can be used in portfolio management.

FIN 653: Case Studies in Financial Management

Course Objectives
To bring financial management decisions from the business world to the classroom, through the
case method approach, by helping students develop decision-making skills in unstructured,
uncertain, and complex (i.e., realistic) situations. The assigned cases cover a broad range of
financial analysis with an emphasis on strategic valuations (mergers, acquisitions, and
restructurings) and corporate financial strategy.

Student Learning Outcomes

At the end of this course students should be able to:
1. Calculate capital budgeting and resource allocation.
2. Understand the management of corporate capital structure.
3. Evaluate corporate projects using scenario, sensitivity, and simulation analysis
4. Analyze corporate acquisitions, and value enterprise, form of payment, and form of
financing.
5. Apply option pricing theory to project valuation.

FIN 654: Seminar in International Business Finance

Course Objectives
To develop an understanding of: international financial instruments, markets, and institutions;
international trade and capital flows; foreign exchange risks and their management; direct and portfolio
investment; implications for the conduct of global business.

Student Learning Outcomes

At the end of this course students should be able to:
1. Identify the key aspects of international trade and calculate its potential gains to participating
nations.
2. Describe the characteristics of foreign exchange markets, identify the different currency
regimes, and measure the gains/losses from engaging in speculative and arbitrage activities.
3. Judge whether international parity conditions are met and predict the impact of imbalances
on foreign exchange markets.
4. Calculate common measures of foreign exchange risk.
5. Illustrate the use of currency derivatives to achieve a desired level of foreign exchange risk
exposure.
6. Identify the major elements of long- and short-term international capital movements
7. Evaluate cross-border investment opportunities, and describe a multinational firm’s decision-
making process for long-term capital budgeting, short-term cash-flow management, and the
management of international taxation

FIN 656: Seminar in Financial Institutions

Course Objectives
To develop an understanding of the management of financial institutions, including the
techniques used by managers of financial institutions to measure and manage risks. A secondary
objective is to appraise the impact of the evolving regulatory and technological environment on
the management of financial institutions.

Student Learning Outcomes

At the end of this course students should be able to:
1. Calculate appropriate measures of key risks facing financial institutions.
2. Describe and appraise alternative techniques to manage prevalent risks facing financial
institutions.
3. Create simple models to estimate value-at-risk.
4. In the context of a bank management simulation, develop and implement lending,
investments, deposits, capital, and risk management strategies to create value.
5. Discuss the impact of evolving regulatory and technological environments on the
management of financial institutions.

FIN 657: Financial Counseling

Course Objectives
To study the integrative aspects of the MSBA concentration in Financial and Tax Planning
through practical applications based on cases, actual financial counseling and financial plan
writing and critique.

Student Learning Outcomes

At the end of this course students should be able to:
1. Design a system of gathering needed information from clients
2. Select relevant information for analysis
3. Analyze, assess and interpret the selected data provided in cases and from clients
4. Integrate the fields of investments, taxation, insurance, estate and benefits planning
5. Prioritize client goals with an eye to optimizing client resources
6. Judge which of alternative strategies best fulfill client needs
7. Conclude with recommendations that serve as recommendations to clients
8. Design and prepare a financial plan, including recommendations in format that is
understandable to clients
9. Present findings to clients and other observers
10. Critically analyze the findings of others
11. Prepare a seminar on a financial planning topic of interest for an uneducated audience
12. Evaluate the usefulness of commercial financial planning software

FIN 659: Decision Making in the World Economy

Course Objectives
To develop an understanding of the world economy and to illustrate the impact of the economic
environment on the decision making process of business managers.

Student Learning Outcomes

At the end of this course students should be able to:
1. Employ government macroeconomic statistics to assess the current business climate.
2. Judge whether a firm’s operating strategies and financial policies are consistent with
economic conditions.
3. Forecast the impact of government economic policies, especially monetary policy, on a
business.
4. Conduct country analysis to evaluate foreign direct and portfolio investment opportunities in
a country.
5. Forecast the impact of economic shocks and government policy decisions on interest rates,
output, prices, and exchange rates using standard macroeconomic models.

FIN 705: Seminar in Estate Planning

Course Objectives
To study the tax and non-tax issues involved in the establishment of a personal estate plan
designed to achieve both financial and non-financial goals and objectives.

Student Learning Outcomes

At the end of this course students should be able to:
1. Interpret and apply Estate and Gift Tax statutes and regulations – and income taxes as they
pertain to estates and trusts.
2. Describe primary estate planning documents, such as wills, trusts, durable powers of
attorney, annuities and insurance policies
3. Explain the process of probate and probate avoidance devices
4. Describe bypass and martial deduction trusts
5. Describe strategies for lifetime transfers of assets
6. Explain tax and non-tax issues affecting closely held businesses

FIN 783: Seminar in Real Estate Investment and Development

Course Objectives

To  gain  practical  knowledge  about  personal  and  commercial  real  estate  investment  and  
development.  
 
Student Learning Outcomes
At the end of this course students should be able to:
1.  Describe  and  explain  the  theory  and  practice  of  real  estate  investment  and  
development.  
2.  Explain  real  estate  market  research  and  analysis,  and  taxation.  
3. Use  spreadsheets,  writing  and  presenting  real  estate  business  reports.  
4. Apply  critical  real  estate  analysis.

FIN 784: Seminar in Real Estate Finance and Valuation

Course Objectives
To study the valuing and some financing aspects of real estate, including the methods and
techniques used in the valuation of real property rights, along with the attributes, amenities, and
social policies affecting the value of those rights which include theories on the valuation of real
property, methodological issues in valuation models, empirical/economic-effect studies, and
financing analysis for real estate market participants.

Student Learning Outcomes

At the end of this course students should be able to:
1. Identify and explain the basic concepts of real estate valuation.
2. Estimate the value of property using the sales comparison approach, the income approach,
and the cost approach.
3. Better interact with appraisers and interpret appraisal reports upon entering the industry.
4. Identify and explain valuation methods and techniques.
5. Research the literature on a valuation topic.

BA 653: Managerial Economics

Course Objectives
To enhance proficiency in the application of microeconomic concepts and analytical tools to
managerial pricing and resource allocation decision making.

Student Learning Outcomes

At the end of this course students should be able to:
1. Identify, gather, and analyze evidence about demand conditions and price elasticities to
develop pricing policies and strategies.
2. Judge whether a firm is employing the optimal mix of inputs.
3. Identify and analyze a firm’s economic costs.
4. Determine the existence of economies of scale and scope and assess their impact on a firm’s
competitive position.
5. Evaluate pricing and other competitive strategies in the context of the structure of a firm’s
market.
6. Identify and give examples of how uncertainty may impact consumer and firm behavior

BA 665: Financial Management I

Course Objectives
To obtain an understanding and ability to use basic business financial management concepts and
tools of analysis such as valuation, risk-return relationships, financial statement analysis, capital
budgeting, cost of capital, capital structure and working capital management, and to become
familiar with the various types of financing available to a firm.

Student Learning Outcomes

At the end of this course students should be able to:
1. Analyze financial statements using standard financial ratios of liquidity, activity, debt,
profitability, and market value.
2. Apply techniques to project financial statements for forecasting long-term financial needs.
3. Explain the role of short-term financial management, and the key strategies and techniques
used to manage cash, marketable securities, accounts receivable and inventory.
4. Identify the major sources of short-term financing available to the firm.
5. Apply future value and present value concepts to single sums, mixed streams, and annuities.
6. Apply time value, risk, and return concepts. Apply valuation techniques to bonds.
7. Apply time value, risk, and return concepts to constant and variable growth models. Apply
 valuation techniques to stocks.
8. Identify relevant cash flows for capital budgeting projects and apply various methods to
analyze projects.
9. Apply the concept of risk, its measurement for single assets and portfolios, various types of
risk, the source and use of betas, and the CAPM and SML.
10. Apply techniques for estimating the cost of each component of the cost of capital and
understand how to assemble this information into a cost of capital.
11. Explain the concept of leverage and the benefits and costs associated with debt financing.
12. Identify the various long-term sources of funds for a firm.
13. Comprehend the key international differences between major domestic financial management
tools, techniques, and practices and those environmental and methodological differences that
occur in the global market.