Finance

Introduction to Finance

QST FE 101 (2 credits)

Required of all Questrom freshmen. This course 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. It uses a combination of teaching materials including online problem solving and case writing that will help the student through the intensive syllabus. FE 101 and FE 323 offer a comprehensive overview of finance to Questrom students.

2017FALLQSTFE101 B2, Sep 11th to Dec 11th 2017
Days Start End Type Bldg Room
M 10:10 am 11:55 am HAR 220
2017FALLQSTFE101 B3, Sep 6th to Dec 6th 2017
Days Start End Type Bldg Room
W 10:10 am 11:55 am HAR 220
2017FALLQSTFE101 C2, Sep 11th to Dec 11th 2017
Days Start End Type Bldg Room
M 12:20 pm 2:05 pm HAR 312
2017FALLQSTFE101 C3, Sep 6th to Dec 6th 2017
Days Start End Type Bldg Room
W 12:20 pm 2:05 pm HAR 312
2017FALLQSTFE101 D2, Sep 11th to Dec 11th 2017
Days Start End Type Bldg Room
M 2:30 pm 4:15 pm HAR 312
2017FALLQSTFE101 D3, Sep 6th to Dec 6th 2017
Days Start End Type Bldg Room
W 2:30 pm 4:15 pm HAR 312
2017FALLQSTFE101 E2, Sep 11th to Dec 11th 2017
Days Start End Type Bldg Room
M 4:30 pm 6:15 pm HAR 312
2017FALLQSTFE101 E3, Sep 6th to Dec 6th 2017
Days Start End Type Bldg Room
W 4:30 pm 6:15 pm HAR 312
2017FALLQSTFE101 E4, Sep 11th to Dec 11th 2017
Days Start End Type Bldg Room
M 4:30 pm 6:15 pm HAR 324
2017FALLQSTFE101 E5, Sep 6th to Dec 6th 2017
Days Start End Type Bldg Room
W 4:30 pm 6:15 pm HAR 324
2017FALLQSTFE101 E6, Sep 11th to Dec 11th 2017
Days Start End Type Bldg Room
M 4:30 pm 6:15 pm HAR 412
2018SPRGQSTFE101 B2, Jan 18th to May 2nd 2018
Days Start End Type Bldg Room
M 10:10 am 11:55 am HAR 312
2018SPRGQSTFE101 B3, Jan 18th to May 2nd 2018
Days Start End Type Bldg Room
W 10:10 am 11:55 am HAR 312
2018SPRGQSTFE101 B4, Jan 18th to May 2nd 2018
Days Start End Type Bldg Room
M 10:10 am 11:55 am HAR 220
2018SPRGQSTFE101 B5, Jan 18th to May 2nd 2018
Days Start End Type Bldg Room
W 10:10 am 11:55 am HAR 220
2018SPRGQSTFE101 B6, Jan 18th to May 2nd 2018
Days Start End Type Bldg Room
M 10:10 am 11:55 am HAR 316
2018SPRGQSTFE101 B7, Jan 18th to May 2nd 2018
Days Start End Type Bldg Room
W 10:10 am 11:55 am HAR 316
2018SPRGQSTFE101 C2, Jan 22nd to Apr 30th 2018
Days Start End Type Bldg Room
M 12:20 pm 2:05 pm HAR 312
2018SPRGQSTFE101 C3, Jan 18th to May 2nd 2018
Days Start End Type Bldg Room
W 12:20 pm 2:05 pm HAR 312
2018SPRGQSTFE101 C4, Jan 18th to May 2nd 2018
Days Start End Type Bldg Room
M 12:20 pm 2:05 pm HAR 220
2018SPRGQSTFE101 C5, Jan 18th to May 2nd 2018
Days Start End Type Bldg Room
W 12:20 pm 2:05 pm HAR 220
2018SPRGQSTFE101 C6, Jan 22nd to Apr 30th 2018
Days Start End Type Bldg Room
M 12:20 pm 2:05 pm HAR 302
2018SPRGQSTFE101 C7, Jan 24th to May 2nd 2018
Days Start End Type Bldg Room
W 12:20 pm 2:05 pm HAR 302
2018SPRGQSTFE101 D2, Jan 18th to May 2nd 2018
Days Start End Type Bldg Room
M 2:30 pm 4:15 pm HAR 312
2018SPRGQSTFE101 D3, Jan 18th to May 2nd 2018
Days Start End Type Bldg Room
W 2:30 pm 4:15 pm HAR 312
2018SPRGQSTFE101 D4, Jan 18th to May 2nd 2018
Days Start End Type Bldg Room
M 2:30 pm 4:15 pm HAR 220
2018SPRGQSTFE101 D5, Jan 18th to May 2nd 2018
Days Start End Type Bldg Room
W 2:30 pm 4:15 pm HAR 220
2018SPRGQSTFE101 D6, Jan 18th to May 2nd 2018
Days Start End Type Bldg Room
M 2:30 pm 4:15 pm HAR 302
2018SPRGQSTFE101 D7, Jan 18th to May 2nd 2018
Days Start End Type Bldg Room
W 2:30 pm 4:15 pm HAR 302
2018SPRGQSTFE101 E2, Jan 18th to May 2nd 2018
Days Start End Type Bldg Room
M 4:30 pm 6:15 pm HAR 312
2018SPRGQSTFE101 E3, Jan 18th to May 2nd 2018
Days Start End Type Bldg Room
W 4:30 pm 6:15 pm HAR 312
2018SPRGQSTFE101 E4, Jan 18th to May 2nd 2018
Days Start End Type Bldg Room
M 4:30 pm 6:15 pm HAR 220
2018SPRGQSTFE101 E5, Jan 18th to May 2nd 2018
Days Start End Type Bldg Room
W 4:30 pm 6:15 pm HAR 220

International Financial Management

QST FE 427 (4 credits)

Required for International Management concentrators. Managing financial risk in the global environment. Introduction to foreign exchange markets, spot, forward, futures, options and swaps, and to the international bond and money markets. Discussion of market structure and participants, and main financial instruments. Analyzes and discusses tools of currency risk management. 4 cr.

2017FALLQSTFE427 A1, Sep 6th to Dec 11th 2017
Days Start End Type Bldg Room
MW 4:30 pm 5:45 pm HAR 240
2018SPRGQSTFE427 A1, Jan 18th to May 1st 2018
Days Start End Type Bldg Room
TR 11:00 am 12:15 pm HAR 240
2018SPRGQSTFE427 B1, Jan 18th to May 1st 2018
Days Start End Type Bldg Room
TR 2:00 pm 3:15 pm HAR 315

Futures, Options, and Financial Risk Management

QST FE 429 (4 credits)

Covers the theory of futures pricing and option pricing, and applies the theory to develop a framework for analyzing hedging and investment decisions using futures and options. Attention is paid to practical considerations in the use of these instruments, especially in financial risk management. 4 cr.

2017FALLQSTFE429 A1, Sep 5th to Dec 12th 2017
Days Start End Type Bldg Room
TR 12:30 pm 1:45 pm HAR 315
2018SPRGQSTFE429 A1, Jan 22nd to May 2nd 2018
Days Start End Type Bldg Room
MW 9:25 am 10:40 am KCB 106

Entertainment Finance

QST FE 430 (Var credits)

Examines financial structures and decisions in entertainment and media realms including feature film, television, music, live performance, sports, digital media, and related business endeavors. The course covers the various ways entertainment and media companies raise capital, budget capital, and manage return on investment to shareholders and other stakeholders. Students study business models within each segment to understand the financial, operational, and legal constraints and best practices under which media and entertainment firms operate. Offered in Los Angeles.

Money, Financial Markets, and Economic Activity

QST FE 442 (4 credits)

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

2017FALLQSTFE442 A1, Sep 7th to Dec 7th 2017
Days Start End Type Bldg Room
R 6:30 pm 9:15 pm HAR 304
2017FALLQSTFE442 B1, Sep 6th to Dec 11th 2017
Days Start End Type Bldg Room
MW 9:25 am 10:40 am HAR 224
2017FALLQSTFE442 C1, Sep 6th to Dec 11th 2017
Days Start End Type Bldg Room
MW 8:00 am 9:15 am HAR 315
2017FALLQSTFE442 D1, Sep 6th to Dec 11th 2017
Days Start End Type Bldg Room
MW 8:00 am 9:15 am HAR 224
2017FALLQSTFE442 E1, Sep 6th to Dec 11th 2017
Days Start End Type Bldg Room
MW 2:30 pm 3:45 pm HAR 324
2018SPRGQSTFE442 A1, Jan 22nd to May 2nd 2018
Days Start End Type Bldg Room
MW 8:00 am 9:15 am HAR 224
2018SPRGQSTFE442 B1, Jan 18th to May 1st 2018
Days Start End Type Bldg Room
TR 8:00 am 9:15 am HAR 222
2018SPRGQSTFE442 C1, Jan 18th to May 1st 2018
Days Start End Type Bldg Room
TR 9:30 am 10:45 am HAR 222
2018SPRGQSTFE442 D1, Jan 18th to May 1st 2018
Days Start End Type Bldg Room
TR 12:30 pm 1:45 pm HAR 315
2018SPRGQSTFE442 E1, Jan 22nd to May 2nd 2018
Days Start End Type Bldg Room
MW 4:30 pm 5:45 pm HAR 315
2018SPRGQSTFE442 F1, Jan 18th to Apr 26th 2018
Days Start End Type Bldg Room
R 6:30 pm 9:15 pm HAR 211

Investment Analysis and Portfolio Management

QST FE 445 (4 credits)

Required for Finance concentrators. Introduction to the investment management process. Defining investment objectives and constraints. Introduction to Modern Portfolio Theory, CAPM, APT, Efficient Markets, 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.

2017FALLQSTFE445 A1, Sep 5th to Dec 12th 2017
Days Start End Type Bldg Room
TR 9:30 am 10:45 am HAR 220
2017FALLQSTFE445 B1, Sep 6th to Dec 11th 2017
Days Start End Type Bldg Room
MW 12:50 pm 2:05 pm HAR 224
2017FALLQSTFE445 C1, Sep 5th to Dec 12th 2017
Days Start End Type Bldg Room
TR 11:00 am 12:15 pm HAR 220
2017FALLQSTFE445 D1, Sep 5th to Dec 12th 2017
Days Start End Type Bldg Room
TR 2:00 pm 3:15 pm HAR 315
2017FALLQSTFE445 E1, Sep 6th to Dec 11th 2017
Days Start End Type Bldg Room
MW 4:30 pm 5:45 pm HAR 220
2018SPRGQSTFE445 A1, Jan 22nd to May 2nd 2018
Days Start End Type Bldg Room
MW 2:30 pm 3:45 pm KCB 106
2018SPRGQSTFE445 B1, Jan 22nd to May 2nd 2018
Days Start End Type Bldg Room
MW 12:50 pm 2:05 pm KCB 104
2018SPRGQSTFE445 C1, Jan 18th to May 1st 2018
Days Start End Type Bldg Room
TR 8:00 am 9:15 am HAR 240
2018SPRGQSTFE445 D1, Jan 18th to May 1st 2018
Days Start End Type Bldg Room
TR 11:00 am 12:15 pm HAR 208
2018SPRGQSTFE445 E1, Jan 22nd to May 2nd 2018
Days Start End Type Bldg Room
MW 9:25 am 10:40 am HAR 222
2018SPRGQSTFE445 F1, Jan 18th to May 1st 2018
Days Start End Type Bldg Room
TR 5:00 pm 6:15 pm HAR 324

Corporate Financial Management

QST FE 449 (4 credits)

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.

2017FALLQSTFE449 A1, Sep 6th to Dec 11th 2017
Days Start End Type Bldg Room
MW 9:25 am 10:40 am HAR 324
2017FALLQSTFE449 B1, Sep 6th to Dec 11th 2017
Days Start End Type Bldg Room
MW 10:55 am 12:10 pm HAR 224
2017FALLQSTFE449 C1, Sep 6th to Dec 11th 2017
Days Start End Type Bldg Room
MW 8:00 am 9:15 am HAR 324
2017FALLQSTFE449 D1, Sep 7th to Dec 7th 2017
Days Start End Type Bldg Room
R 6:30 pm 9:15 pm HAR 315
2017FALLQSTFE449 E1, Sep 5th to Dec 12th 2017
Days Start End Type Bldg Room
TR 5:00 pm 6:15 pm HAR 304
2018SPRGQSTFE449 A1, Jan 18th to May 1st 2018
Days Start End Type Bldg Room
TR 12:30 pm 1:45 pm HAR 222
2018SPRGQSTFE449 B1, Jan 22nd to May 2nd 2018
Days Start End Type Bldg Room
MW 9:25 am 10:40 am HAR 424
2018SPRGQSTFE449 C1, Jan 22nd to May 2nd 2018
Days Start End Type Bldg Room
MW 8:00 am 9:15 am HAR 424
2018SPRGQSTFE449 D1, Jan 18th to May 1st 2018
Days Start End Type Bldg Room
TR 3:30 pm 4:45 pm HAR 315
2018SPRGQSTFE449 E1, Jan 18th to May 1st 2018
Days Start End Type Bldg Room
TR 2:00 pm 3:15 pm HAR 240
2018SPRGQSTFE449 F1, Jan 22nd to Apr 30th 2018
Days Start End Type Bldg Room
M 6:30 pm 9:15 pm HAR 208

Private Equity: Leveraged Buyouts

QST FE 450 (4 credits)

Exposes students to, and demystifies, the world of Private Equity (PE). The focus is centered on LBOs and their position in the "alternative asset" class. Students learn about the activities of a PE firm including formation, fund-raising, investing (including deal structure, terms, due diligence, and governance), and exiting. Also discussed are what other industry sectors serve or are affected by PE and who the players are. Case study and class participation will be the primary modes of learning.

2018SPRGQSTFE450 A1, Jan 22nd to May 2nd 2018
Days Start End Type Bldg Room
MW 12:50 pm 2:05 pm HAR 322

Investment Banking

QST FE 454 (4 credits)

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.

2017FALLQSTFE454 A1, Sep 6th to Dec 11th 2017
Days Start End Type Bldg Room
MW 9:25 am 10:40 am HAR 315
2018SPRGQSTFE454 A1, Jan 22nd to May 2nd 2018
Days Start End Type Bldg Room
MW 9:25 am 10:40 am HAR 224

Financing New Ventures

QST FE 455 (4 credits)

Students will be expected to have mastered key finance concepts including cash flow analysis, NPV, IRR and basic option pricing theory prior to entering the course. Introduction to raising "angel" funding and venture capital financing for start-up firms. Focus on capital structure analysis, capitalization tables, payoff diagrams, term sheets, equity incentives and negotiating with investors. Students are expected to prepare case studies for class discussion and become familiar with current events in the financial news about start-up company financings.

2017FALLQSTFE455 A1, Sep 6th to Dec 11th 2017
Days Start End Type Bldg Room
MW 4:30 pm 5:45 pm HAR 302
2018SPRGQSTFE455 A1, Jan 22nd to May 2nd 2018
Days Start End Type Bldg Room
MW 2:30 pm 3:45 pm HAR 322

Fixed Income Analysis

QST FE 456 (4 credits)

Covers the analytic techniques used in fixed-income markets to value and measure risk on traditional fixed-rate bonds, floating-rate notes, bonds having embedded options (callable and putable bonds), structured notes, and interest rate derivatives used to manage bond portfolios (primarily interest rate swaps, caps, and floors). Extensive use is made of Excel spreadsheet analysis, including the development of a binomial term structure model to value securities. Focus is on the impact of counterparty and issuer credit risk in fixed-income valuation. 4 cr.

2018SPRGQSTFE456 A1, Jan 18th to May 1st 2018
Days Start End Type Bldg Room
TR 12:30 pm 1:45 pm HAR 220

Equities and Securities Analysis

QST FE 458 (4 credits)

Students learn the fundamental skills that are applied in equity security analysis. These skills include benchmarking a firm's financial performance and analyzing the value of a firm using multiple approaches. Key topics include: competitive advantage, return on invested capital, financial modeling and financial statement analysis, and value-based metrics (Economic Value Added).

2017FALLQSTFE458 A1, Sep 6th to Dec 11th 2017
Days Start End Type Bldg Room
MW 12:50 pm 2:05 pm HAR 322
2018SPRGQSTFE458 A1, Jan 22nd to May 2nd 2018
Days Start End Type Bldg Room
MW 4:30 pm 5:45 pm HAR 306

Real Estate Finance

QST FE 469 (4 credits)

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 from which to build. 4 cr.

2017FALLQSTFE469 A1, Sep 5th to Dec 12th 2017
Days Start End Type Bldg Room
TR 3:30 pm 4:45 pm HAR 224
2017FALLQSTFE469 B1, Sep 5th to Dec 12th 2017
Days Start End Type Bldg Room
TR 5:00 pm 6:15 pm HAR 224
2018SPRGQSTFE469 A1, Jan 22nd to May 2nd 2018
Days Start End Type Bldg Room
MW 4:30 pm 5:45 pm HAR 222
2018SPRGQSTFE469 B1, Jan 22nd to May 2nd 2018
Days Start End Type Bldg Room
MW 2:30 pm 3:45 pm HAR 408

Topics in Financial Management

QST FE 717 (2 credits)

To enroll, students must have completed the finance requirements in their undergraduate business degree. Given their knowledge of basic financial concepts, students learn more advanced valuation methods, risk-return tradeoffs, and investment principles.

2018SPRGQSTFE717 G1, Mar 19th to Apr 30th 2018
Days Start End Type Bldg Room
M 6:30 pm 9:15 pm HAR 220

Financial Management

QST FE 722 (3 credits)

Financial Management examines three sets of problems: 1) saving and investment decisions by households, 2) investment and financing decisions by corporations, and 3) the role of securities markets and financial intermediaries in the economy. Decisions today affect the timing of and uncertainty about future flows of income; both timing and risk determine the current value of those future flows. This course develops the tools required to analyze these decisions and their interaction within the financial system.

2017FALLQSTFE722 F1, Sep 11th to Dec 11th 2017
Days Start End Type Bldg Room
M 6:30 pm 9:15 pm HAR 312
2018SPRGQSTFE722 F1, Jan 24th to May 2nd 2018
Days Start End Type Bldg Room
W 6:30 pm 9:15 pm HAR 404
2018SPRGQSTFE722 X1, Jan 22nd to Apr 30th 2018
Days Start End Type Bldg Room
M 6:30 pm 9:15 pm HAR 324
2018SPRGQSTFE722 X2, Jan 18th to Apr 26th 2018
Days Start End Type Bldg Room
R 6:30 pm 9:15 pm HAR 404

Economics and Management Decisions

QST FE 730 (3 credits)

The aim of the 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, 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.

2017FALLQSTFE730 F1, Sep 5th to Dec 12th 2017
Days Start End Type Bldg Room
T 6:30 pm 9:15 pm HAR 310
2017FALLQSTFE730 F2, Sep 7th to Dec 7th 2017
Days Start End Type Bldg Room
R 6:30 pm 9:15 pm HAR 324
2018SPRGQSTFE730 F1, Jan 24th to May 2nd 2018
Days Start End Type Bldg Room
W 6:30 pm 9:15 pm HAR 406

Finance 2

QST FE 810 (3 credits)

This course extends fundamental concepts of corporate finance and asset pricing introduced in the core. Corporate finance concepts covered are capital structure decisions, payout policy decisions, and real options. Asset pricing topics include market efficiency, multi-factor models for the risk and return, arbitrage pricing theory and contingent claim analysis and its use in valuation and risk management. The concepts are illustrated in practical examples that prepare students for their summer internships.

2018SPRGQSTFE810 M1, Mar 12th to May 2nd 2018
Days Start End Type Bldg Room
MW 12:30 pm 3:15 pm HAR 406

Corporate Financial Management

QST FE 820 (3 credits)

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.

2017FALLQSTFE820 D1, Sep 6th to Dec 11th 2017
Days Start End Type Bldg Room
MW 9:25 am 10:40 am HAR 424
2017FALLQSTFE820 E1, Sep 11th to Dec 11th 2017
Days Start End Type Bldg Room
M 6:30 pm 9:15 pm HAR 220
2018SPRGQSTFE820 E1, Jan 22nd to Apr 30th 2018
Days Start End Type Bldg Room
M 6:30 pm 9:15 pm HAR 315

Fixed Income Markets

QST FE 822 (3 credits)

This is a course primarily on fixed-income debt securities and markets. Emphasis is placed on the factors that determine bond yields, factors such as the coupon and maturity structure, liquidity, credit risk, and tax status of the security, and on measures of return and risk, statistics such as the yield to maturity, horizon yield, duration, and convexity. We will cover government debt (Treasuries and municipals), corporate bonds (investment-grade and high-yield), agency (Fannie Mae and Freddie Mac) and mortgage-backed debt created via securitization (i.e., collateralized mortgage obligations). We will emphasize how interest rate and credit derivatives are used to manage portfolios of fixed-income securities.

2017FALLQSTFE822 E1, Sep 11th to Dec 11th 2017
Days Start End Type Bldg Room
M 6:30 pm 9:15 pm HAR 211

Investments

QST FE 823 (3 credits)

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.

2017FALLQSTFE823 D1, Sep 6th to Dec 11th 2017
Days Start End Type Bldg Room
MW 8:00 am 9:15 am HAR 424
2018SPRGQSTFE823 E1, Jan 23rd to May 1st 2018
Days Start End Type Bldg Room
T 6:30 pm 9:15 pm HAR 408