Finance Major Curriculum

Characteristics and investment strategies related to stocks, bonds, and options. Sources of return and risk are explored. The foundations of financial research are developed with regard to information sources, valuation techniques, computation of return and risk and their relationship. SEC regulations; methods of performance evaluation. Prerequisite: EBFN 101.

Methods of capital budgeting and corporate financial decision-making; valuation techniques, market efficiency, capital structure, dividend policy, Betas, cost of capital, portfolio analysis and the Miller Modigliani principle are incorporated into the analysis; financial analysis under conditions of certainty and uncertainty. Prerequisite: EBFN 101.

Methods of capital budgeting and corporate financial decision-making; valuation techniques, market efficiency, capital structure, dividend policy, Betas, cost of capital, portfolio analysis and the Miller Modigliani principle are incorporated into the analysis; financial analysis under conditions of certainty and uncertainty. Prerequisite: EBFN 101.

A study of basic marketing theory and practice. Major topics include analysis of consumer market structure versus industrial market system; product planning; channels of distribution; pricing; promotion; and relevant government regulation.

The theoretical foundations, institutional details, and practical applications of options trading: various pricing models and their development; in-depth examination of the use of options as speculative, hedging, investment, and arbitrage tools; the role of options with respect to the proper functioning of the modern market economy. The central focus is on stock options. Prerequisite: EBFN 210.

An integrated capstone course focusing on application of case studies to the nature, functions and activities of actual businesses, analyzing objectives, policies, and performance in relation to the outside environment. Emphasis is placed on ethical aspects of decisionmaking. Case studies are used to develop analytical skills. Knowledge and techniques developed in earlier courses are applied in this course. Prerequisite: Senior standing.

An integrated capstone course focusing on application of case studies to the nature, functions and activities of actual businesses, analyzing objectives, policies, and performance in relation to the outside environment. Emphasis is placed on ethical aspects of decisionmaking. Case studies are used to develop analytical skills. Knowledge and techniques developed in earlier courses are applied in this course. Prerequisite: Senior standing.

An integrated capstone course focusing on application of case studies to the nature, functions and activities of actual businesses, analyzing objectives, policies, and performance in relation to the outside environment. Emphasis is placed on ethical aspects of decisionmaking. Case studies are used to develop analytical skills. Knowledge and techniques developed in earlier courses are applied in this course. Prerequisite: Senior standing.

An integrated capstone course focusing on application of case studies to the nature, functions and activities of actual businesses, analyzing objectives, policies, and performance in relation to the outside environment. Emphasis is placed on ethical aspects of decisionmaking. Case studies are used to develop analytical skills. Knowledge and techniques developed in earlier courses are applied in this course. Prerequisite: Senior standing.

An integrated capstone course focusing on application of case studies to the nature, functions and activities of actual businesses, analyzing objectives, policies, and performance in relation to the outside environment. Emphasis is placed on ethical aspects of decisionmaking. Case studies are used to develop analytical skills. Knowledge and techniques developed in earlier courses are applied in this course. Prerequisite: Senior standing.

An integrated capstone course focusing on application of case studies to the nature, functions and activities of actual businesses, analyzing objectives, policies, and performance in relation to the outside environment. Emphasis is placed on ethical aspects of decisionmaking. Case studies are used to develop analytical skills. Knowledge and techniques developed in earlier courses are applied in this course. Prerequisite: Senior standing.

An integrated capstone course focusing on application of case studies to the nature, functions and activities of actual businesses, analyzing objectives, policies, and performance in relation to the outside environment. Emphasis is placed on ethical aspects of decisionmaking. Case studies are used to develop analytical skills. Knowledge and techniques developed in earlier courses are applied in this course. Prerequisite: Senior standing.

This course will build on previous introduction to fixed income securities (bonds). In the course, we will present and develop the conceptual framework used for; pricing fixed-income securities; fixed-income securities portfolio; hedging; markets and instrument. Bonds basic valuation are reviewed and extended into a detailed examination of the pricing process and yield measurement. The term structure of interest rate is introduced and used in pricing. Volatility and its characteristic, duration and convexity are examined, their implication to the fixed-income security portfolio are analyzed.

Market and instruments are covered too. Among them, treasury, agency, municipal and corporate bond markets. Also discussed are the recently popular CDO markets, such as mortgage-backed securities and other. Lastly, hedging tool and their usage is covered, including, future contracts, options and swaps. Prerequisites: EBFN 210 and MATN 120.

This course will build on previous introduction to fixed income securities (bonds). In the course, we will present and develop the conceptual framework used for; pricing fixed-income securities; fixed-income securities portfolio; hedging; markets and instrument. Bonds basic valuation are reviewed and extended into a detailed examination of the pricing process and yield measurement. The term structure of interest rate is introduced and used in pricing. Volatility and its characteristic, duration and convexity are examined, their implication to the fixed-income security portfolio are analyzed. Market and instruments are covered too. Among them, treasury, agency, municipal and corporate bond markets. Also discussed are the recently popular CDO markets, such as mortgage-backed securities and other. Lastly, hedging tool and their usage is covered, including, future contracts, options and swaps. Prerequisites: EBFN 210 and MATN 120.

Analysis of the macroeconomy – GDP, national income, inflation, unemployment, growth. Topics include measurement of product and income, savings, price indices and inflation, interest rates, production functions, supply and demand of labor, full employment output, unemployment, Okun’s law, consumption and savings decision, Ricardian equivalence, desired capital stock, investment, open economy vs. closed economy, growth, supply and demand for money, the business cycle, IS-LM/ Ad-AS analysis, the classical position, Keynesianism, macroeconomic policy, inflationunemployment trade off, Federal Reserve, monetary policy, fiscal policy, spending and deficits. Prerequisites: EBEN 101 and 102.

Analysis of the macroeconomy – GDP, national income, inflation, unemployment, growth. Topics include measurement of product and income, savings, price indices and inflation, interest rates, production functions, supply and demand of labor, full employment output, unemployment, Okun’s law, consumption and savings decision, Ricardian equivalence, desired capital stock, investment, open economy vs. closed economy, growth, supply and demand for money, the business cycle, IS-LM/ Ad-AS analysis, the classical position, Keynesianism, macroeconomic policy, inflationunemployment trade off, Federal Reserve, monetary policy, fiscal policy, spending and deficits. Prerequisites: EBEN 101 and 102.

Analysis of the macroeconomy – GDP, national income, inflation, unemployment, growth. Topics include measurement of product and income, savings, price indices and inflation, interest rates, production functions, supply and demand of labor, full employment output, unemployment, Okun’s law, consumption and savings decision, Ricardian equivalence, desired capital stock, investment, open economy vs. closed economy, growth, supply and demand for money, the business cycle, IS-LM/ Ad-AS analysis, the classical position, Keynesianism, macroeconomic policy, inflationunemployment trade off, Federal Reserve, monetary policy, fiscal policy, spending and deficits. Prerequisites: EBEN 101 and 102.

A study of the environment of business decisionmaking. Issues are examined in the context of interrelated legal, social, ethical, and political trends affecting business, as well as from the Jewish perspective on business ethics. Deals with governmental regulation in the areas of occupational health and safety, environmental and consumer protection, and anti-trust activity. Prerequisite: EBMN 101 and either EBEN 101 or EBEN 102.

A study of the environment of business decisionmaking. Issues are examined in the context of interrelated legal, social, ethical, and political trends affecting business, as well as from the Jewish perspective on business ethics. Deals with governmental regulation in the areas of occupational health and safety, environmental and consumer protection, and anti-trust activity. Prerequisite: EBMN 101 and either EBEN 101 or EBEN 102.