3133 International Financial Management for Non-Majors. Prerequisite: Student must be approved for degree candidacy by Price College, 3303. This class will study the fundamentals of international finance including the international monetary system, the balance of payments, and the market for foreign exchange. The course examines international financial markets, and the opportunities they provide for investment and risk management. The financial instruments used for these purposes will also be emphasized including currency options, forwards, futures, and swaps as well as bonds and equities. This class is strictly for non finance majors. (F, Sp)
3303 Business Finance. Prerequisite: Accounting 2113, 2123, and Economics 1113, 1123 and 2843. An introductory course in financial administration of the firm. Topics include the finance function, concepts of sources and uses of funds, analysis and estimation of need for funds (short- and long-term), short-term sources, working capital management policy, long-term sources, capital structure policy and implementation, capital budgeting and the cost of capital. (F, Sp, Su)
3403 Financial Intermediaries and Markets. Prerequisite: Economics 1113 and 1123. Investigates the determination of the level of domestic rates of interest and their implications for international currency markets. Describes the important financial institutions in U.S. financial markets. Details the structure of interest rates. Analyzes the behavior of fixed income prices. Discusses techniques of domestic and international institutions to immunize portfolios. (F, Sp, Su)
3513 Entrepreneurial Finance. Prerequisite: student must be approved for degree candidacy by Price College, Entrepreneurship 3113 or concurrent enrollment, Finance 3303. Not open to Finance majors. Covers various aspects of financing entrepreneurial ventures. Topics will include methods of financing, techniques for valuing new businesses and financial structure. Funding sources examined will include commercial banks, small business investment companies, SBIC, business angles and venture capital companies. These processes are often referred to as sourcing, diligence and valuation. (Irreg.)
3960 Honors Reading. 1 to 3 hours. Prerequisite: admission to Honors Program. May be repeated; maximum credit six hours. Provides an opportunity for the gifted honors candidate to study materials not usually presented in regular courses. (F, Sp, Su)
3980 Honors Research. 1 to 3 hours. Prerequisite: admission to Honors Program; junior standing. May be repeated; maximum credit six hours. Independent research on special projects. (F, Sp, Su)
4103 Investments. Prerequisite: 3303. Topics covered include the structure and operation of securities markets, introduction to portfolio management and capital market theory, the valuation of common stocks and fundamental analysis, determinants of option prices, the determinants of future prices, portfolio performance measurement and risk management, international portfolio management and international investing. Computer exercises are required. (F, Sp, Su)
4113 Derivative Securities and Markets (Slashlisted with 5113). Prerequisite: 4103 and permission of division. Uses of futures, option, and swap contracts in investments, banking, business finance, and foreign trade. Topics include valuation, trading mechanics and strategies, and applications. Hedging foreign currencies is included. The course is math and computer intensive. No student may earn credit for both 4113 and 5113. (Sp)
4133 International Financial Management. Prerequisite: Student must be approved for degree candidacy by Price College, all 3000-level Business core courses, 4103. Provides the student with the analytical tools needed to evaluate and provide solutions for problems that are commonly encountered in international financial management. Emphasizes basic theoretical models of exchange rate determination and hedging exchange rate risk, international financial transactions, the link between a nation's macroeconomic accounts and its balance of payments accounts, privatization of state-owned enterprises, and international banking. (Irreg.)
4303 Advanced Business Finance. Prerequisite: 3303. Development of theory and applications of financial management of the firm with both domestic and international investment decisions, structure and cost of capital, working capital management, dividend policy, long term financial planning and forecasting. The course emphasizes the development of problem solving skills and the use of computerized financial modeling. (F, Sp)
G4413 Commercial Banking. Prerequisite: 3303 and 3403. Financial management of the banking firm including analysis of bank financial performance, bond portfolio analysis, interest rate risk management, capital management, cost of funds, and loan administration. Regulation of the banking system is discusses as is competition from foreign banks. A computerized bank simulation game is used and international aspects of financial markets are discussed. (F, Sp)
4513 Financial and Energy Risk Management. Prerequisite: 4113. Emphasizes financial and commodity derivative securities and their use as risk management tools. Emphasis on the commodity side is given to energy related products. A financial market simulator will be used to develop students' trading and valuation skills. (Sp)
4613 Student Investment Fund (Slashlisted with 5613). Prerequisite: 4103 or 4303. May be repeated once; maximum credit six hours. The management of a real dollar portfolio of common stocks using the value style approach. Emphasis is on the application of fundamental analysis. Frequent class presentations are required. No student may earn credit for both 4613 and 5613. (F, Sp)
4700 Internship in Finance. 1 to 3 hours. Prerequisite: 3303 and permission of division. Academic projects in the business world applied to practical on-the-job situations. (F, Su)
4713 Fixed Income Fund Management (Slashlisted with 5713). Prerequisite: 3403, 4103. Students are involved in the management of a fixed income (bond) portfolio. Emphasis is given to the analytics of fixed income security valuation, and the analysis of investment opportunities. Frequent class presentations are required. No student may earn credit for both 4713 and 5713. (F)
G4990 Special Studies. 1 to 3 hours. Prerequisite: permission, three or more courses in finance as determined by the nature of the program of study selected. The only passing grade given is the neutral grade of S. (F, Sp, Su)
G5043 Financial Administration of the Firm. Prerequisite: graduate standing, permission. Theoretical and procedural considerations in the administration of the finance function in the individual business firm; planning, fund raising, controlling of firm finances; specific emphasis is given to working capital management, capital budgeting, and cost of capital. (F)
G5103 Investments and Portfolio Management. Prerequisite: 5043 and permission (Director, CBA Graduate Programs). The investment characteristics of individual stocks, bonds and other financial assets; strategies and techniques of portfolio management. (F)
G5113 Derivative Securities and Markets. Prerequisite: 5043 or Business Administration 5283. Uses of futures, option, and swap contracts in investments, banking, business finance, and foreign trade. Topics include valuation, trading mechanics and strategies, and applications. Hedging foreign currencies is included. The course is math and computer intensive. No student may earn credit for both 4113 and 5113. (Sp)
G5302 Financial Markets and Securities. Prerequisite: graduate standing. The aim of this course is to provide a strong foundation for an understanding of financial markets and the main types of securities traded in these markets. The topics covered in the course include trading structure, present value calculations, risk and return, portfolio theory, asset pricing models, market efficiency and an introduction to the nature and valuation of equities, bonds, futures, and options. The course will strike a balance between the theoretical paradigms and the empirical literature, and the important links between theory and the real world. The emphasis will be both on principles and on problem solving. The lectures and examinations will focus both on quantitative and conceptual foundations. (Irreg.)
G5303 Corporate Finance—Long-Term Decisions. Prerequisite: 5043 and permission of Director-CBA Graduate Programs, or Business Administration 5283 and permission of Director-CBA Graduate Programs. Advanced topics in corporate finance. Topics include long- and short-term investment decisions, cost of capital, working capital management, dividend policy, long-term financial planning. The course emphasizes the development of computerized financial models. Cases involving domestic and international firms are utilized. (Sp)
G5312 Corporate Finance. Prerequisite: graduate standing and 5302. This course aims to provide students with the basic analytical and conceptual skills required in the modern practice of corporate financial management. Students enrolled in this class will already have been exposed to the concepts of risk and return, the determination of financial security prices, and models useful in predicting the required returns demanded by investors. In addition, students enrolled in this class will already have been exposed to the fundamentals of financial statements and the analysis of such statements. The course will focus on three key areas of financial management: (1) the optimal allocation of capital; (2) the optimal choices for raising capital; (3) the optimal management of risk in conjunction with (1) and (2). The course includes application of finance theory to solving real business problems, and emphasizes the importance of technology and globalization to the modern practice of finance. (Irreg.)
G5322 Derivative Securities and Markets. Prerequisite: graduate standing and 5302. Derivative securities, such as futures, forwards, option, and swaps are studied and analyzed along with their uses in investments, banking, portfolio management, and risk management by non-financial businesses. We will study how futures, swap, and option contracts are constructed, how they are valued and how they are used for speculation, hedging, and risk management. Particular attention is paid to energy derivatives and especially natural gas derivatives. (Irreg.)
G5332 Risk Management and Financial Engineering. Prerequisite: graduate standing, 5322 and 5312. This course is a sequel to 5322 Derivative Securities and Markets. While the emphasis in 5322 was on understanding and pricing derivative securities, the emphasis in this course is on applications, risk measurement and management (including risk management using derivatives) and using option modeling in firm decision making. The four main topic areas (in order covered) are: (1) derivatives and financial engineering (continuation of 5322), (2) real options, (3) measuring and managing risk, and (4) examination of corporate failures attributable to derivatives. As in 5322, particular attention is paid to the energy industry and especially the natural gas industry. (Irreg.)
G5342 Advanced Corporate Finance. Prerequisite: graduate standing and 5312. This course is intended for students aspiring to careers in financial management in corporations, banks and other financial institutions. It is designed to strengthen the corporate finance framework developed in 5312 (Corporate Finance) and extend it into the realm of real world applications. The course will cover a broad range of topics that are relevant to the corporate financial management function, including advanced capital project evaluation, financing, dividends and other corporate financial decisions, corporate risk management, and mergers, acquisitions and corporate restructuring. While the course will be rigorous and solidly grounded in the conceptual aspects of corporate finance, including current research. The course will provide a thoroughly applied perspective on the topics covered. (Irreg.)
G5352 International Financial Management. Prerequisite: graduate standing, 5302 and 5312. This course will provide an integrated perspective on the topics of foreign currency and exchange rates, international financial linkages, international financial markets, and investment, financing and risk management in a global context. The first half of the course develops the analytical framework required for understanding the interactions between exchange rates, and cross-border trade and capital flows, inflation, interest rates, economic growth, and government policy. This framework will be used to study exchange rate systems and policies, and their implications, especially in the context of recent exchange rate developments. Related topics such exchange rate determination and forecasting will also be discussed. The second half of the course examines international financial markets, and the opportunities they present for achieving risk management, financing, and investment objectives. The principal focus will be on financial instruments used for these purposes in international financial markets. (Irreg.)
G5362 Fixed Income Fund Management. Prerequisite: graduate standing, 5302 and 5312. The aim of this course is to develop an intellectual and practical understanding of the principles governing the valuation of fixed income securities and their derivatives, the main problems and issues relevant in the management of interest rate risk, and the organization and structure of debt markets, all from the perspective of fixed income fund management. The course is at the cutting edge of both theory and practice. Students in the class also manage a $5 million fixed income fund, thanks to an educational project of the Bank of Oklahoma. This sum is invested in accordance with the recommendations of this class. (Irreg.)
G5403 International Financial Management. Prerequisite: 5043 or Business Administration 5283. Designed to provide the student with the analytical tools needed to evaluate and provide solutions for problems in international financial management. Example topics include exchange rates, international financial markets and the monetary system, risk management. (Sp)
G5413 Financial Engineering. Prerequisite: 4113 or 5113. How to value forward and futures contracts, swaps, and options and how to use them to manage risk and represent investments in real assets. Examples are drawn from the financial and commodity markets with an emphasis on energy commodities such as oil, natural gas, and electricity. (Sp)
G5613 Student Investment Fund (Slashlisted with 4613). Prerequisite: 5043 or Business Administration 5283 and 5103 or 5303 and permission. The management of a real dollar portfolio of common stocks using the value style approach. Emphasis is on the application of fundamental analysis. Frequent class presentations are required. No student may earn credit for both 4613 and 5613. (F, Sp)
G5713 Fixed Income Fund Management. Prerequisite: 5043 or Business Administration 5283. Students are involved in the management of a fixed income (bond) portfolio. Emphasis is given to the analytics of fixed income security valuation, and the analysis of investment opportunities. Frequent class presentations are required. No student may earn credit for both 4713 and 5713. (F)
G5970 Special Topics in Finance. Prerequisite: 5043 or Business Administration 5283. May be repeated; maximum credit six hours. Special topics in finance of interest to students in the MBA program. (F, Sp, Su)
G5980 Research for Master's Thesis. Variable enrollment, two to nine hours; maximum credit applicable toward degree, four hours. (F, Sp, Su)
G5990 Directed Readings in Finance. Prerequisite: 5043 or Business Administration 5283. May be repeated; maximum credit six hours. Individual graduate study of a specific narrow topic not offered in the current curriculum. (F, Sp, Su)
G6603 Introduction to Finance Theory. Prerequisite: graduate standing and permission. Topics include decision making under uncertainty, portfolio theory, models of asset pricing, efficient markets, option pricing, capital structure and agency theory. (Irreg.)
G6703 Portfolio Theory and Asset Pricing. Prerequisite: 6603 and Economics 5213. Topics include utility maximization under uncertainty, portfolio theory, capital market models, and asset pricing including continuous time models. (Irreg.)
G6803 Corporate Finance Theory. Prerequisite: 6603 and Economics 5213. Topics include complete and incomplete markets, capital structure theory, agency theory, property rights, dividend policy, signaling models, corporate control issues, mergers and acquisitions. (Irreg.)
G6903 Financial Markets and Institutions. Prerequisite: 6603 and Economics 5213. Topics include the term and risk structure of interest rates, debt pricing, financial contracting, information economics, duration and immunization, futures and options. (Irreg.)
G6960 Directed Readings in Finance. 1 to 3 hours. Prerequisite: 12 hours in finance and/or specifically related subjects, graduate standing, and permission of instructor. May be repeated with change of topic; maximum credit nine hours. Directed readings in various lines of specialization in finance. Conducted on a conference basis by the staff. Scope of reading and credit to be arranged on entry into the course. (F, Sp, Su)
G6973 Seminar. Prerequisite: 12 hours of finance and/or economics, graduate standing, permission. May be repeated with change of topic; maximum credit nine hours. Seminar in latest developments in research and theory from one of the following general areas of the finance field: business finance, capital markets, insurance, investments, money and banking, public finance, real estate. A specific topic is announced for each time of offering. (F, Sp)
G6980 Research for Doctor's Dissertation. (F, Sp, Su)
Updated: July 1, 2008