Santa Clara University

 
 

Finance - Undergraduate

  • 115
    Quantitative Methods for Finance
    The goal of this course is to teach Finance majors the most important quantitative tools they will need for the finance curriculum. The students will 1) Learn important concepts, techniques and tools in mathematics and statistics relevant for modern finance. 2) Understand where these tools are applied in practice.3) Learn widely-used software to implement these techniques. The course goal is to make sure that all Finance majors reach a baseline level of competence in various quantitative methods, and is especially intended for those students who fear math, yet have a desire to come to grips with it. ACTG 11 and 12 and OMIS 40
  • 116
    Mathematical Finance
    Introduction to Ito calculus and stochastic differential equations. Discrete lattice models. Models for the movement of stock and bond prices using Brownian motion and Poisson processes. Pricing models for equity and bond options via Black-Scholes and its variants. Optimal portfolio allocation. Solution techniques will include Monte Carlo and finite difference methods. Offered in alternate years. Prerequisites: OMIS 40, FNCE 115 or permission of instructor. OMIS 40, FNCE 115 or permission of instructor. Cross listed with MATH 125 and AMTH 367.
  • 121
    Financial Management
    Introduction to the financial questions facing companies and their answers. Topics include stocks and bond valuation, capital budgeting, short- and long-term financing, financial analysis and forecasting, cash management, credit policy and dividend policy. Prerequisites: ACTG 11 and 12 and proficiency with spreadsheets. OMIS 40 highly recommended. Restricted to students who need this course to meet program requirements. Other students may seek department permission to enroll in sections that have open spaces by attending the first class session.
  • 121S
    Financial Management
    Introduction to the financial questions facing companies and their answers. Topics include stocks and bond valuation, capital budgeting, short- and long-term financing, financial analysis and forecasting, cash management, credit policy and dividend policy. Prerequisites: ACTG 11 and 12 and proficiency with spreadsheets. OMIS 40 highly recommended. Restricted to students who need this course to meet program requirements. Other students may seek department permission to enroll in sections that have open spaces by attending the first class session. Open to Leavey Scholars
  • 121L
    Financial Management (London)
    Course introduces the basic concepts of corporate finance with emphasis placed on the formulation of analysis to answer key financial questions facing companies in today's global environment. Specific topics include financial analysis and forecasting, time value of money, risk and return, stock and bond valuation as well as capital budgeting. Discussions will also highlight the financial markets in the United States as compared to those in London.
  • 124
    Investments
    Introduction to the nature and functions of securities markets and financial instruments. The formulation of investment goals and policies, trading strategies, and portfolio management. Emphasis on security analysis and valuation. Prerequisite: FNCE 121 or 121S.
  • 125
    Corporate Financial Policy
    In-depth examination of the interrelationships between corporate investment and financing decisions and their impact on a firm's pattern of cash flows, return, and risk. Special emphasis on the development of analytical techniques and skills for analyzing performance reflected in financial statements. Case studies are used. Prerequisites: FNCE 121 or 121S, and 124.
  • 126
    Money & Capital Markets
    Role and function of financial institutions, financial flows, interest rate structures, money, and capital markets. Emphasis on the implications for the formulation of business financial policy. This course is intended as a thorough introduction to the various markets that comprise a fair and efficient financial system. The financial system in capitalistic economies consists of various interacting markets, each with well-defined institutions and agents. This course explores the ideas and mechanisms by which value is created by financial markets, the roles of players in the system, the flow of information and the design features that manage incentive problems in a practical manner. Traditional courses in money and banking tend to be institutionally focused; in contrast, this course is market-focused. Common themes and concepts will be developed by the exploration of a new market in each class. Students will survey various markets with a view to a complete understanding and technical mastery of the role of the market, its players, traded securities, and risks. Prerequisites: FNCE 121 or 121S, 124 and 125.
  • 128
    Real Estate Finance
    Exploration of the real estate market, including investments in residential and commercial real estate by individuals, partnerships, and trusts. Emphasis is on the valuation and cash flow analysis of these projects and an understanding of financing alternatives. Prerequisites: FNCE 121 or 121S, and 124.
  • 130
    Ethics in Finance
    Exploration of the ethical dimension of financial markets. Topics include insider trading, moral hazard, agency, adverse selection, and financial market regulations concerning disclosure, price manipulation, suitability, trading interruptions, margin requirements, and short-sale restrictions. Prerequisites: FNCE 121 or 121S, and 124.
  • 135
    Applied Investment Management
    This course is designed to provide a highly rigorous and analytic framework for applied work in investments and portfolio management. Students who master the course material will acquire the analytical tools and financial theory necessary to make rational investment decisions and understand the paradigms by which investment portfolios are managed. The coursework involves an analysis of contemporary theories and techniques in portfolio management available to the institutional portfolio manager. Significant literature which emphasizes the role of the modern portfolio manager in achieving diversification and client investment goals is reviewed and evaluated. Pre-requisites: FNCE 121, FNCE 124, OMIS 40 & 41.
  • 139
    Special Topics
  • 141
    New Venture Finance
    This class describes the financing environment for young companies and how the private equities market functions. Students will learn how investment funds are structured, investment contracts are written, and the economics of different private equity models work. Prerequisites: FNCE 121 or 121S, and 124. (5 units)
  • 143
    Entrepreneurial Finance
    Entrepreneurial Finance covers topics that are directly relevant to entrepreneurs, defined broadly to include all early employees in addition to founders, that are evaluating, communicating, and implementing new business opportunities. This course focuses on the start-up phase with an emphasis on venture-backed companies. The three main sections of the course will be Types of Businesses, primarily lecture and project-based, Financial Models, primarily project-based, and Investment Terms, primarily lecture-based. Types of Businesses covers the three types of entrepreneurs lifestyle entrepreneurs, wealth-building entrepreneurs, and innovating entrepreneurs - along economic foundations that distinguish the three types of entrepreneurship. Financial Models covers the creation and uses of financial projections revenue, costs, and profits/losses. Investment Terms covers the way investments in start-up companies are generally structured. In all three sections we will discuss the human biases that often distort entrepreneurial efforts, along with strategies to recognize and avoid the more costly. FNCE 121 and 124.
  • 146
    Introduction to Risk Management
    Provide an introduction to financial risk management, covered in its major components: credit, market, operational, legal, and reputational. It will also provide insights into technology tools to management risk, and the role of data governance and environmental policy play in risk management. Students who master the material will acquire an understanding of the major areas of risk exposure that all organizations, both public and private, face in operating in today's complex global marketplace.
  • 148
    Principles of Risk Management & Insurance
    Survey of general principles of risk management. Risk Management uses many tools to avoid or reduce or offset the financial penalty of various risks. Insurance is one of them and we will spend some time on different types of insurance. In addition, other financial instruments are sometimes used to insure a portfolio (e.g., a protective put) or as insurance in an otherwise risky investment (e.g., a credit default swap). In many firms, the CFO or VP-Finance is the Risk Management officer or has that function in his/her department. This course will address the Risk Management function across the firm. FNCE 121 & 124
  • 151
    International Finance
    Examination of the functioning of the international monetary system, foreign exchange markets, and the financial problems of business firms operating internationally. Topics covered include hedging exchange rates, balance of payments, international investment and financing, financial markets, banking, and financial management. Prerequisites: FNCE 121 or 121S, and 124.
  • 163
    Investment Practice
    The practice of portfolio management using a portion of the University endowment fund to acquire real-life investment experience. Various investment objectives will be explored, including derivatives to protect current positions, fixed income, and equity investments. Course meets over two quarters. Prerequisite: FNCE 121 or 121, and 124 and instructor approval.
  • 170
    Business Valuation
    This course is intended to provide practical valuation tools for valuing a company and its securities. Valuation techniques covered include discounted cash-flow analysis, estimated cost of capital (cost of equity, cost of debt, and weighted average cost of capital), market multiples, free-cash flow, and pro-forma models.
  • 174
    Mergers, Acquisitions and Corporate Governance
    A study of corporate governance and corporate restructurings. Emphasis on how corporate ownership, control, and organizational structures affect firm value. Other topics may include valuing merger candidates, agency theory, and takeover regulation. This course generally places a heavy emphasis on case projects and/or class presentations. Prerequisite: FNCE 121, 124 & 125 Prerequisite: FNCE121, 124 &125
  • 180
    Open Book Management
    Open book management is a system that places finance and accounting at the center of management processes for decision making and monitoring. The course uses simulation techniques to teach students how to create a corporate culture around the principles of open book management, particularly the treatment of agency conflicts and the use of effective business processes.
  • 194
    Peer Educators in Finance
  • 198
    Internship
    Opportunity for selected upper-division students to work in companies and nonprofit organizations. Prerequisites: Finance major, junior or senior standing, successful completion of FNCE 121 or 121S, and permission of instructor and chair required one week prior to registration.
  • 198L
    Internship
    For students in the London Program. Opportunity for selected upper-division students to work in companies and nonprofit organizations. Prerequisites: Finance major, junior or senior standing, successful completion of FNCE 121 or 121S, and permission of instructor and chair required one week prior to registration.
  • 199
    Directed Reading/Directed Research
    Independent projects undertaken by upper-division students with a faculty sponsor. Independent studies are normally permitted only under special circumstances. Prerequisites: Declared finance major, junior or senior standing, and a written proposal must be approved by instructor and chair one week prior to registration.
 
 
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