Note: Course details for Summer 2019 will be available on December 15. The courses below were offered in Summer 2018 and can serve as a guide to what is typically offered.
Personal Financial Planning
MET MG 202
The development of personal investment strategies using money and credit. Securities and portfolio management, budgeting, insurance, taxes, retirement programs, and estate planning. 4 cr.
MET MG 472
Emphasizes issues of accounting, finance, and economics that are important in most management contexts. Introduction to tools of financial analysis and the problems of financial management including cash, profitability, and capital budgeting. Various sources of corporate funds are considered, including short-, intermediate-, and long-term arrangements. Stresses understanding financial statements, planning and control, cost and benefit evaluation, cash flow analysis, and capital budgeting. 4 cr.
MET AD 632
Introduction to the concepts, methods, and problems of accounting and financial analysis. Includes accounting principles, measurement and disclosure issues, financial statement analysis, time value of money, cash flow projection and analysis, capital budgeting and project evaluation, bond and equity valuation, cost of capital, and capital structure. 4 cr.
Financial Regulation and Ethics
MET AD 678
Thoroughly reviews the important topics of financial regulations, policies, and ethics. Explores an overview of the financial systems, their history, problems, and issues for the purpose of understanding the enactment of regulations as a method to protect the financial systems and investors. Regulators and their authority will be identified, both domestically and internationally. Ethics, an extremely important aspect of finance, is discussed and explored. Ethics is a difficult topic to define and can be impacted by social norms. During the ethics portion of the course, students will study where ethics have failed and caused major issues for the financial marketplace and individual companies. 4 cr.
Quantitative Methods for Finance
MET AD 685
Finance is a highly competitive and dynamic industry that demands quantitative oriented professionals. This course will equip students with the empirical techniques which are used in the analysis of financial markets with a strong focus on financial applications using actual data. The goal of this course is to provide students with a number of econometric techniques which are used in the analysis of financial markets based on asset pricing and corporate finance models. In particular, the emphasis will be on classical linear regression models, time series analysis, and limited dependent variable models applied to the following topics: predictability of asset returns; event study analysis; econometric tests of the CAPM and multifactor models; volatility modelling, etc. 4 cr.
Financial Markets and Institutions
MET AD 712
Prereq: (MET AD 731). Investigation and analysis of organization, structure, and performance of U.S. money and capital markets and institutions. Examines regulation of the financial industry and the role of financial instruments. 4 cr.
Derivative Securities and Markets
MET AD 713
Prereq: (MET AD 731). Provides an overview of operation, mechanics, and structure of the derivative markets and covers the concepts of options and futures pricing, arbitrage, and risk management. Emphasizes the theory of risk management and hedging opportunities offered by derivative securities. 4 cr.
Investment Analysis and Portfolio Management
MET AD 717
Prereq: (MET AD 731). Mechanics of securities markets, types of available investments, an introduction to determination of securities values, and portfolio optimization. Problems of investment policy are approached through studies of portfolio selection methods and the valuation of special classes of securities (e.g., growth stocks). 4 cr.
Fixed Income Analysis
MET AD 719
Prereq: (MET AD 731). This course covers the nature and analysis of fixed income securities and an in-depth examination of some of the particular features of some major classes of fixed income instruments, valuation, sensitivity to risks, and management of fixed income portfolios. 4 cr.
MET AD 731
Prereq: (MET AD 630). Emphasizes issues of accounting, finance, and economics that are important in most management contexts. Stresses understanding financial statements, planning and control, cost and benefit evaluation, cash flow analysis, and capital budgeting. 4 cr.
Multinational Finance and Trade
MET AD 763
Prereq: (MET AD 731). Applies the concepts of corporate finance to the problems of multinational financial management. Major topics include private and public institutions, foreign exchange rates, capital flows, speculation, analysis of alternative foreign investments, analysis of sources and uses of corporate funds abroad, multinational tax and profit planning, international risk analysis, and capital budgeting. 4 cr.
Introduction to Finance
QST FE 101
Pre-req for Questrom students: SM131. Co-req for non-Questrom students: SM131 strongly recommended. Required of all Questrom freshmen. Offers a rigorous overview of principles of finance, such as time value of money, interest rates, basic valuation of cash flow streams, and basic stock and bond valuation. Uses a combination of teaching materials including online problem solving and case writing that help the student through the intensive syllabus. FE 101 and FE 323 offer a comprehensive overview of finance to Questrom students. 2 cr.
Money, Financial Markets, and Economic Activity
QST FE 442
Prereq: QST FE323. Required for Finance concentrators. The financial system and its functions. The role of money and the importance of interest rates in determining economic activity; determinants of level of interest rates. Operation of central banks; the goals and instruments of monetary policy. The roles, activities, and risk management of financial institutions. Instruments traded in money and capital markets, and their valuation. Role of derivative securities; systemic risk and other contemporary issues in the financial system. 4 cr.
Investment Analysis and Portfolio Management
QST FE 445
Prereq: QST FE323. Required for Finance concentrators. Introduction to the investment management process. Defining investment objectives and constraints. Introduction to Modern Portfolio Theory, CAPM, APT, Efficient Markets, and stock and bond valuation models. Immunizing interest-rate risk. Active vs. passive investment strategies, fundamental vs. technical analysis, trading practices, and performance evaluation. Introduction to the role of futures and options in hedging and speculation. Students are expected to become familiar with current events in the financial news. 4 cr.
Corporate Financial Management
QST FE 449
Prereq: QST FE323. Required for Finance concentrators. Covers the financial manager's role in obtaining and allocating funds. Includes topics such as cash budgeting, working capital analysis, dividend policy, capital investment analysis, and debt policy as well as their associated risks. Valuation of companies, mergers and acquisitions, and bankruptcy are covered. The course requires using financial models and spreadsheets. Applications are made to current events and everyday business finance problems. 4 cr.
QST FE 454
Prereq: QST FE323. Provides an overview of the economic functions provided by investment banks including a history of the industry, current events, public policy issues and the difference between large, full service investment banks and smaller, boutique firms. Topics include: What do investment bankers do? What are the different types of analyses performed by investment bankers? What are the various types of financial securities? What is the underwriting process and how are securities priced? Focuses on the issuing process and pricing for equity, fixed income, and equity-linked securities. Also focuses on the role of investment banks in mergers, acquisitions, divestitures, and other restructuring. Additional topics include equity research, capital markets, institutional sales, trading, asset management, securitization, industry regulations, as well as typical career paths and opportunities. 4 cr.
Computational Techniques for Finance
QST FE 459
Prereq: QST FE323; QST CS108 or CS111; QST FE445 recommended. Prereq: QST FE323; CAS CS108 or CS111; QST FE445 recommended. Teaches students how to use computational techniques to implement financial algorithms for security pricing and risk analysis, including bonds, stocks, and options. This will be a rigorous, hands-on programming course to prepare students for quantitative jobs in finance. The overall objective of the course is to enhance the students' understanding of the well-known financial models used to price securities including bonds and options and to evaluate the risk and return characteristics of stocks and portfolios. After the course, students will have a deeper understanding of investment portfolios, risk management techniques that use derivatives, and arbitrage strategies. Additionally, students will become comfortable with a modern programming language based on functional and object-oriented programming which will enhance their job opportunities in a variety of fields beyond finance. 4 cr.
Real Estate Finance
QST FE 469
Prereq: QST FE323. Provides an introduction to and an understanding of real estate finance. Draws together and considers major functional areas including: structuring, ownership, finance, taxation, property valuation, and analysis. The course provides a framework for decision making in the real estate investment and finance fields. The course is specifically designed to offer students interested in real estate careers a foundation upon which to build. 4 cr.
Finance for Non-Management Students
QST SM 104
Read, understand, and analyze financial statements such as income statements and balance sheets. Covers techniques of internal financial analysis such as breakeven, budgeting, financial forecasting, and tools to aid in decision making. Introduction to the time value of money and capital budgeting using discounted cash flow analysis. Intended for non-business majors. This course may not be taken by Questrom students for credit nor can it be used by Boston University students toward the Business Administration minor. Non-Questrom students may register for this course directly via the Student Link. 4 cr.
Economics and Management Decisions
QST FE 730
Grad Prereq: OB712/713/715, (QM711/716/717 recommended). The aim of this course is to present many of the decision problems managers face and to present the economic analysis they need to guide these decisions. In the first half of the course, microeconomic tools are used to structure complicated decision problems about production, pricing, investment, and other strategic issues, and to address uncertainty through probabilistic forecasts and sequential decisions. An additional goal is to distinguish different market structures and apply competitive strategies using game theory. In the second half, the focus shifts to the study of the national and global economic environments within which companies operate. We identify the drivers of fluctuations in GDP, inflation, interest and exchange rates, and other key features of the economies. Since governments play key roles in determining the fate of economies and companies, the final theme is the rationale for and efficacy of government policy tools. 3 cr.
Corporate Financial Management
QST FE 820
Grad Prereq: FE717/721/722. This course provides an in-depth analysis of financial considerations relating to corporate growth. It addresses the setting of financial and corporate goals in terms of maximizing shareholder wealth and relationships among working capital, debt levels, capital costs, dividend policy, growth and the value of the firm. It also considers the requisite financial analysis associated with mergers and acquisitions and bankruptcy. 3 cr.
QST FE 823
Grad Prereq: FE717/721/722. Introduction to the investment management process. Defining investment objectives and constraints. Introduction to Modern Portfolio Theory, CAPM, Fama- French factors, APT, efficient markets, stock, bond and option valuation models. Immunizing interest-rate risk. Active and passive investment strategies, fundamental analysis, trading practices, and performance evaluation. Introduction to the role of futures and options in hedging and speculation. Arbitrage and hedge fund strategies. Understanding the assumptions underlying the different approaches and their limitations. Topics related to current events and the recent financial crisis. 3 cr.