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FINANCE (FI)

Dr. Billy P. Helms, Department Head
Office: 200 Alston Hall

In addition to completing the specific prerequisites included in the descriptions of the following courses, all students seeking to enroll in 300- or 400-level courses in the Culverhouse College of Commerce and Business Administration must have attained junior standing (61 semester hours).

All C&BA students must, prior to seeking to enroll in any 300- or 400-level C&BA course, complete or be enrolled in the following prerequisites: EC 110 and EC 111; MATH 112 and MATH 121, or MATH 115 and MATH 125; CS 102; AC 210; ST 260; and LGS 200 (or their equivalents); and at least 4 hours in natural science, 3 hours of fine arts, literature, or humanities, and 3 hours of history or social and behavioral sciences. Failure to fulfill all prerequisites prior to enrolling in a 300- or 400-level C&BA course will result in administrative disenrollment from that course.

EC 110 and EC 111 or their equivalents are prerequisites for all courses in the finance program except FI 302.

FI 301 Introduction to Financial Institutions and Markets. 3 hours.

Overview of the financial systems in which business operates, with emphasis on financial institutions, instruments, and markets.

FI 302 Business Finance. 3 hours.
Prerequisite: EC 110 and AC 210 or equivalent.

Study of financial objectives of business enterprise, sources of capital, and financial management of business assets. Emphasis is on establishing a framework for making financing, investing, and dividend decisions.

FI 331 Principles of Real Estate. 3 hours.
Prerequisite: FI 302 or permission of instructor.

Survey of various aspects of real estate business and economics, including marketing, finance, development, law, appraising, etc.

FI 334 Introduction to Real Estate Property Management. 3 hours.
Prerequisite: FI 331.

Provides an introduction to the principles of real property management and covers all aspects of the property management process. Students are shown how to maximize the asset value of income-producing real estate for investors/owners through the use of finance, marketing, and management techniques.

FI 341 Fundamentals of Risk Management and Insurance. 3 hours.
Corequisite: FI 302.

Introductory study of life insurance and “personal lines” of property insurance, especially homeowners’ insurance and auto insurance. Economic environment of insurance and how to read and evaluate insurance contracts. Examines different types of life insurance contracts as well as savings and investment alternatives and their uses in estate planning.

FI 360 Personal Asset Management. 3 hours.
Prerequisites: AC 210.

To teach students about financial assets as vehicles for saving for the future. Students will also learn how to invest in a combination of assets to meet their objectives and how their objectives may change over their life span.

FI 389 Computerized Management Information Systems (also EC 389). 3 hours.
Prerequisites: AC 210, ST 260, and FI 302.

Introduction to the components of computerized management information systems and applications of computer-based systems to business decisions. Students may not receive credit for FI 389 and EC 389.

FI 400 Financial Institutions, Markets, and Investment. 3 hours.
Prerequisites: EC 110, EC 111, AC 210, ST 260, and FI 302.

Not open to majors in economics and finance.

Builds on the foundation laid in the business core to extend the student’s knowledge of basic finance into the areas of operation and management of financial institutions and financial markets and investments.

FI 410 Intermediate Financial Management. 3 hours.
Prerequisite: FI 302.

Development of advanced practices of financial management and their application to decision making in the business firm.

FI 411 Corporate Financial Policy. 3 hours.
Prerequisites: FI 301 and FI 302.

An integrative course designed to give the student experience in problem solving in finance. Cases will be used to permit students to apply what they know to specific business problems. Writing proficiency is required for a passing grade in this course.

FI 412 Money and Capital Markets. 3 hours.
Prerequisites: FI 301 and FI 302.

An overall view of the financing process and the role of financial markets. Areas covered are characteristics of instruments traded in money and capital markets; determinants of and the relationships between different asset prices; and international aspects of financial markets.

FI 413 Working Capital Management. 3 hours.
Prerequisite: FI 410.

FI 414 Investments. 3 hours.
Prerequisites: FI 301 and FI 302.

Study of the various investment media together with analysis models of investment management. Emphasis is on investment decision making and portfolio analysis.

FI 415 Advanced Investment Topics and Portfolio Management. 3 hours.
Prerequisite: FI 414.

Advanced models for investment management are developed and their application in decision making is discussed. Emphasis is on the use of models for portfolio selection.

FI 416 Monetary Theory and Policy (also EC 416). 3 hours.
Prerequisite: FI 301.

Analysis of the role of money in the economy and the conduct of monetary policy. Emphasis is given to the money supply process, the demand for money, and the choice of monetary-policy strategies and procedures.

FI 419 Financial Engineering. 3 hours.
Prerequisite: FI 302.
Co-requisite: FI 414.

Addresses managing financial risks such as adverse stock price movements, adverse interest rate changes, and adverse commodity price changes, with specific attention given to employing futures, options, and swap contracts.

FI 421 Bank Administration. 3 hours.
Prerequisites: FI 301 and FI 302.

Survey of analytical methods in banking, including study of the powers of various government agencies. Emphasis is placed on managerial aspects of commercial banking.

FI 423 Public Finance (also EC 423). 3 hours.
Prerequisite: EC 308 with a grade of “C-” or higher.

Study of principles of taxation, government expenditures, borrowing, and fiscal administration.

FI 431 International Finance (also EC 431). 3 hours.
Prerequisite: FI 301 or EC 309 with a grade of “C-” or higher, or EC 430.

Introduction to the field of international finance. Course deals primarily with international financial markets and the macroeconomics of international financial flows. Topics include foreign exchange and international securities markets and international banking.

FI 432 Real Estate Appraisal. 3 hours.
Prerequisite: FI 302.

Study of the sources of real estate value and techniques for estimating property value; study of effective use of appraisal information.

FI 436 Real Estate Finance. 3 hours.
Prerequisites: FI 301 and FI 302.

Study of the institutions of real estate finance and of factors affecting the flow of funds; investment analysis and procedures involved in real estate financing.

FI 441 International Financial Management (also EC 441). 3 hours.
Prerequisites: FI 302 and EC/FI 431.

Study of the application of principles of financial management in an international setting, primarily from the perspective of nonfinancial, multinational firms.

FI 442 Business Risk Management. 3 hours.
Prerequisite: FI 302.

Analysis of risks facing business and governmental entities. Various methods of both controlling the risks and financing the risks, including both insurance and non-insurance alternatives. Writing proficiency is required for a passing grade in this course.

FI 443 Property and Liability Insurance. 3 hours.
Prerequisite: FI 302.

Current financial, legal, and social problems concerning the property-liability insurance industry. Role of government in providing insurance and topics in the management of property-liability insurance companies and agencies.

FI 444 Life and Health Insurance. 3 hours.
Prerequisite: FI 302.

Detailed analysis of life insurance and health insurance with emphasis on their role in employee-benefit planning. Specific provisions of qualified retirement plans. Current problems facing the life insurance industry and analysis of the distribution system for life and health insurance. Topics in management of life and health insurance companies and agencies.

FI 491 Independent Study in Finance. 1-6 hours.

Students may earn degree credit for only one independent study course (491). Individually directed research and reading.

FI 492 Internship. 1-3 hours.
Prerequisites: Junior or senior standing and a grade point average of 2.5 or higher. Students may earn degree credit for only one internship (492).

Students are selected through a competitive process for assignments in approved business or public sector organizations. The internship is administered through the C&BA Office of Student Services.

FI 497 Special Topics in Finance. 3 hours.


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