Finance (FINN)

Alexey Malakhov
Department Chair
475 Business Building
479-575-4505
Email: amalakhov@walton.uark.edu

The academic mission of the department of finance is to provide an educational experience that:

Stimulates student learning through open dialogue and informative discussion both inside and outside the classroom;
Actively engages students in their own learning through problem-based casework, participation in real-world business activities, and internships in the financial community; and
Prepares students to successfully meet the rigors of the challenging and diverse career opportunities in finance.

Students who elect to major in finance can choose from one of five concentrations: banking, financial analytics, financial management/investment, risk management, and real estate. This choice should reflect the student’s primary career focus and electives should be used to complement the coursework in the chosen concentration. Careers in finance that are analytically oriented will generally require proficiency in accounting, economics, and quantitative methods. In contrast, careers in finance that are sales or management oriented will generally require marketing and management skills. Finance majors are strongly encouraged to consult with departmental faculty advisers and/or the department chair in developing their curriculum.

Requirements for Finance Major with Banking Concentration

Major Course Requirements
FINN 30103	Financial Analysis	3
FINN 30503	Financial Markets and Institutions	3
FINN 31003	Financial Modeling	3
FINN 37003	International Finance	3
Maximum of 27 hours of FINN courses in department (core, major, elective). More than 27 hours allowed if the extra courses are part of interdisciplinary minor or collateral track.
Junior/Senior Level Business Electives		12
Concentration hours		12
Total Hours		36

Banking Concentration

FINN 31303	Commercial Banking	3
FINN 43103	Advanced Commercial Banking	3
Choose one of the following three courses:		3
FINN 39303	Real Estate Principles
FINN 41203	Valuing New Ventures
FINN 41603	Advanced Financial Modeling
Choose any other Finance 3000 or 4000 level classes or one of the following interdisciplinary electives listed below:		3
Accounting
ACCT 37203	Intermediate Accounting I
ACCT 37503	Intermediate Accounting II
Economics
ECON 44303	Experimental Economics
Information Systems
ISYS 22603	Principles of Information Systems
ISYS 42103	ERP Fundamentals
Strategy, Entrepreneurship & Innovation
SEVI 39303	Entrepreneurship and New Venture Development
SEVI 44303	Small Enterprise Management
Marketing
MKTG 35503	Consumer Behavior
MKTG 36303	Marketing Research
Supply Chain Management
SCMT 36103	SOURCE: Procurement and Supply Management
SCMT 36203	PLAN: Inventory and Forecasting Analytics
Total Hours		12

Finance B.S.B.A. with Banking Concentration

Eight-Semester Degree Program

Students wishing to follow the eight-semester degree plan should see the Eight-Semester Degree Policy for university requirements of the program.

Courses in BOLD must be taken in the designated semester. Although other courses listed are not required to be completed in the designated sequence, the recommendations below are preferred.

First Year	Units
	Fall	Spring
ENGL 10103 Composition I (ACTS Equivalency = ENGL 1013) (Satisfies General Education Outcome 1.1)⁴	3
MATH 20503 Finite Mathematics (Satisfies General Education Outcome 2.1)^{1, 2, 4}	3
BUSI 11101 Freshman Business Connection⁴	1
SCMT 21003 Integrated Supply Chain Management³	3
MGMT 21003 Managing People and Organizations³	3
ISYS 11203 Business Application Knowledge - Computer Competency⁴	3
BLAW 20003 The Legal Environment of Business (ACTS Equivalency = BLAW 2003)³		3
SPCH 10003 Public Speaking (ACTS Equivalency = SPCH 1003) (Satisfies General Education Outcomes 1.2 and 5.1)⁴		3
ACCT 20103 Accounting Principles⁴		3
BUSI 10303 Data Analysis and Interpretation⁴		3
Satisfies General Education Outcome 3.3:
ECON 22003 Principles of Microeconomics (ACTS Equivalency = ECON 2203)⁴ or ECON 21003 Principles of Macroeconomics (ACTS Equivalency = ECON 2103)		3
Year Total:	16	15

Second Year	Units
	Fall	Spring
ACCT 20203 Accounting Principles II⁴	3
FINN 20403 Principles of Finance³	3
Satisfies General Education Outcome 3.3:
ECON 21003 Principles of Macroeconomics (ACTS Equivalency = ECON 2103)⁴ or ECON 22003 Principles of Microeconomics (ACTS Equivalency = ECON 2203)	3
ENGL 10203 Composition II (ACTS Equivalency = ENGL 1023) (Satisfies General Education Outcome 1.1)⁴	3
Fine Arts/Humanities - State Minimum Core (Satisfies General Education Outcome 3.1 or 3.2)^{6, 7}	3
Social Sciences - State Minimum Core (Satisfies General Education Outcomes 3.3 and 4.1, as well as the Social Issues, Multicultural Environment and Demographic Diversity Requirement)⁵		3
MATH 22003 Survey of Calculus (ACTS Equivalency = MATH 2203)⁴		3
3 hours general education elective		3
MKTG 34303 Introduction to Marketing³ or ISYS 21003 Business Information Systems		3
Science - State Minimum Core (Satisfies General Education Outcome 3.4)		4
All pre-business requirements should be met by end of term
Year Total:	15	16

Third Year	Units
	Fall	Spring
MKTG 34303 Introduction to Marketing³ or ISYS 21003 Business Information Systems	3
FINN 30103 Financial Analysis	3
FINN 31003 Financial Modeling	3
Fine Arts/Humanities - State Minimum Core (Satisfies General Education Outcome 3.1 or 3.2)^{6, 7}	3
U.S. History or Government - State Minimum Core (Satisfies General Education Outcome 4.2)	3
FINN 30503 Financial Markets and Institutions		3
FINN 31303 Commercial Banking		3
SEVI 30103 Strategic Management (Satisfies General Education Outcome 6.1)		3
Junior Senior Business Electives		3
General Education Electives		3
Year Total:	15	15

Fourth Year	Units
	Fall	Spring
FINN 37003 International Finance	3
Finance Concentration Elective	3
Junior/Senior Business Elective	3
Science - State Minimum Core (Satisfies General Education Outcome 3.4)	4
FINN 43103 Advanced Commercial Banking		3
Finance or Interdisciplinary Electives		3
Junior Senior Business Elective		6
General Education Electives		3
Year Total:	13	15

Total Units in Sequence:		120

¹

Students have demonstrated successful completion of the learning indicators identified for learning outcome 2.1, by meeting the prerequisites for MATH 20503.

²

Must be completed prior to BUSI 10303.

³

Must be completed prior to SEVI 30103.

⁴

Must be completed prior to taking any 3000 or 4000 level business courses.

⁵

The Social Sciences Elective courses which satisfy General Education Outcomes 3.3 and 4.1, as well as the Social Issues, Multicultural Environment, and Demographic Diversity Requirement include: ANTH 10203, HIST 11193, HIST 11293, SOCI 10103, SOCI 101H3, or SOCI 20103.

⁶

The Fine Arts Elective courses which satisfy the General Education Outcome 3.1 include:

ARCH 10003, ARHS 10003, COMM 10003, DANC 10003, LARC 10003, MUSC 10003, MUSC 100H3, MUSC 10103, MUSC 101H3, MUSC 13303, THTR 10003, THTR 10103, or THTR 101H3.

⁷

The Humanities Elective courses which satisfy the General Education Outcome 3.2 include:

AAST 20203, ANTH 10303, ARCH 10103, CLST 10003, CLST 100H3, CLST 10103, COMM 12303, DANC 10003, ENGL 11103, ENGL 11203, ENGL 12103, GNST 20003, HIST 11193, HIST 111H3, HIST 11293, HIST 112H3, HIST 20003, HIST 20103, HUMN 112H4, HUMN 22103, LALS 20103, MRST 20103, MUSY 20003, MUSY 200H3, PHIL 20003, PHIL 200H3, PHIL 21003, PHIL 23003, THTR 10003, THTR 10103, THTR 101H3, or intermediate-level world language.

Requirements for B.S.B.A. in Finance with Financial Analytics Concentration

Major Course Requirements
FINN 30103	Financial Analysis	3
FINN 30503	Financial Markets and Institutions	3
FINN 31003	Financial Modeling	3
FINN 37003	International Finance	3
Maximum of 27 hours of FINN courses in department (core, major, elective). More than 27 hours allowed if the extra courses are part of interdisciplinary minor or collateral track.
Junior/Senior Level Business Electives		12
Concentration hours		12
Total Hours		36

Financial Analytics Concentration

FINN 41603	Advanced Financial Modeling	3
FINN 43203	Financial Data Analytics I	3
FINN 43303	Financial Data Analytics II	3
Choose any other Finance 3000 or 4000 level class or one of the following interdisciplinary electives listed below:		3
Accounting
ACCT 37203	Intermediate Accounting I
ACCT 37503	Intermediate Accounting II
Economics
ECON 47403	Introduction to Econometrics
ECON 47503	Forecasting
Information Systems
ISYS 41903	Business Analytics and Visualization
ISYS 42103	ERP Fundamentals
Strategy, Entrepreneurship & Innovation
SEVI 39303	Entrepreneurship and New Venture Development
SEVI 44303	Small Enterprise Management
Supply Chain Management
SCMT 36103	SOURCE: Procurement and Supply Management
SCMT 36203	PLAN: Inventory and Forecasting Analytics
Total Hours		12

Finance B.S.B.A. with Financial Analytics Concentration

Eight-Semester Degree Program

Students wishing to follow the eight-semester degree plan should see the Eight-Semester Degree Policy for university requirements of the program.

Courses in BOLD must be taken in the designated semester. Although other courses listed are not required to be completed in the designated sequence, the recommendations below are preferred.

First Year	Units
	Fall	Spring
ENGL 10103 Composition I (ACTS Equivalency = ENGL 1013) (Satisfies General Education Outcome 1.1)³	3
MATH 20503 Finite Mathematics (Satisfies General Education Outcome 2.1)^{1, 3}	3
BUSI 11101 Freshman Business Connection³	1
SCMT 21003 Integrated Supply Chain Management²	3
MGMT 21003 Managing People and Organizations²	3
ISYS 11203 Business Application Knowledge - Computer Competency³	3
BLAW 20003 The Legal Environment of Business (ACTS Equivalency = BLAW 2003)²		3
SPCH 10003 Public Speaking (ACTS Equivalency = SPCH 1003) (Satisfies General Education Outcomes 1.2 and 5.1)³		3
ACCT 20103 Accounting Principles³		3
BUSI 10303 Data Analysis and Interpretation³		3
Satisfies General Education Outcome3.3:
ECON 22003 Principles of Microeconomics (ACTS Equivalency = ECON 2203)³ or ECON 21003 Principles of Macroeconomics (ACTS Equivalency = ECON 2103)		3
Year Total:	16	15

Second Year	Units
	Fall	Spring
ACCT 20203 Accounting Principles II³	3
FINN 20403 Principles of Finance²	3
Satisfies General Education Outcome3.3:
ECON 21003 Principles of Macroeconomics (ACTS Equivalency = ECON 2103)³ or ECON 22003 Principles of Microeconomics (ACTS Equivalency = ECON 2203)	3
ENGL 10203 Composition II (ACTS Equivalency = ENGL 1023) (Satisfies General Education Outcome 1.1)³	3
Fine Art/Humanities - State Minimum Core (Satisfies General Education Outcome 3.1 or 3.2)^{5, 6}	3
Social Sciences - State Minimum Core (Satisfies General Education Outcomes 3.3 and 4.1 , as well as the Social Issues, Multicultural Environment and Demographic Diversity Requirement)⁴		3
MATH 22003 Survey of Calculus (ACTS Equivalency = MATH 2203)³		3
3 hours general education elective		3
MKTG 34303 Introduction to Marketing² or ISYS 21003 Business Information Systems		3
Science - State Minimum Core (Satisfies General Education Outcome 3.4)		4
All pre-business requirements should be met by the end of the term
Year Total:	15	16

Third Year	Units
	Fall	Spring
MKTG 34303 Introduction to Marketing² or ISYS 21003 Business Information Systems	3
Fine Art/Humanities - State Minimum Core (Satisfies General Education Outcome 3.1 or 3.2)^{5, 6}	3
FINN 30103 Financial Analysis	3
FINN 31003 Financial Modeling	3
General Education Electives	3
FINN 30503 Financial Markets and Institutions		3
FINN 41603 Advanced Financial Modeling		3
Junior/Senior Business Electives		3
SEVI 30103 Strategic Management (Satisfies General Education Outcome 6.1)		3
General Education Elective		3
Year Total:	15	15

Fourth Year	Units
	Fall	Spring
FINN 37003 International Finance	3
FINN 43203 Financial Data Analytics I	3
Junior Senior Business Elective	3
Junior Senior Business Elective	3
US History or Government - State Minimum Core (Satisfies General Education Outcome 4.2)	3
FINN 43303 Financial Data Analytics II		3
Finance or Interdisciplinary Electives		3
Junior Senior Business Elective		3
Science - State Minimum Core (Satisfies General Education Outcome 3.4)		4
Year Total:	15	13

Total Units in Sequence:		120

¹: Students have demonstrated successful completion of the learning indicators identified for learning outcome 2.1, by meeting the prerequisites for MATH 20503.
²: Must be completed prior to SEVI 30103.
³: Must be completed prior to taking any 3000 or 4000 level business classes.
⁴: The Social Sciences Elective courses which satisfy General Education Outcomes 3.3 and 4.1, as well as the Social Issues, Multicultural Environment, and Demographic Diversity Requirement include: ANTH 10203, HIST 11193, HIST 11293, SOCI 10103, SOCI 101H3, or SOCI 20103.
⁵: The Fine Arts Elective courses which satisfy the General Education Outcome 3.1 include: ARCH 10003, ARHS 10003, COMM 10003, DANC 10003, LARC 10003, MUSC 10003, MUSC 100H3, MUSC 10103, MUSC 101H3, MUSC 13303, THTR 10003, THTR 10103, or THTR 101H3.
⁶: The Humanities Elective courses which satisfy the General Education Outcome 3.2 include: AAST 20203, ANTH 10303, ARCH 10103, CLST 10003, CLST 100H3, CLST 10103, COMM 12303, DANC 10003, ENGL 11103, ENGL 11203, ENGL 12103, GNST 20003, HIST 11193, HIST 111H3, HIST 11293, HIST 112H3, HIST 20003, HIST 20103, HUMN 112H4, HUMN 22103, LALS 20103, MRST 20103, MUSY 20003, MUSY 200H3, PHIL 20003, PHIL 200H3, PHIL 21003, PHIL 23003, THTR 10003, THTR 10103, THTR 101H3, or intermediate-level world language.

Finance Major with Financial Management/Investment Concentration

Major Course Requirements
FINN 30103	Financial Analysis	3
FINN 30503	Financial Markets and Institutions	3
FINN 31003	Financial Modeling	3
FINN 37003	International Finance	3
Maximum of 27 hours of FINN courses in department (core, major, elective). More than 27 hours allowed if the extra courses are part of interdisciplinary minor or collateral track.
Junior/Senior Level Business Electives		12
Concentration hours		12
Total Hours		36

Financial Management/Investment Concentration

Choose one of the following options:		6
Option 1: Any two of the eight courses listed below: ¹
FINN 30603	Investments
FINN 36003	Corporate Finance
FINN 39303	Real Estate Principles
FINN 41203	Valuing New Ventures
FINN 41303	Advanced Investments
FINN 41703	Energy Finance
FINN 42303	Advanced Corporate Finance
FINN 42403	New Venture Finance
Option 2:
FINN 41403	Portfolio Management I
FINN 41503	Portfolio Management II
Option 3:
FINN 31603	Fixed Income Securities I
FINN 31703	Fixed Income Securities II
Choose any other two Finance 3000 or 4000 level classes or two of the following interdisciplinary electives listed below: ²		6
Accounting
ACCT 37203	Intermediate Accounting I
ACCT 37503	Intermediate Accounting II
Economics
ECON 44303	Experimental Economics
Information Systems
ISYS 22603	Principles of Information Systems
ISYS 42103	ERP Fundamentals
Strategy, Entrepreneurship & Innovation
SEVI 39303	Entrepreneurship and New Venture Development
SEVI 44303	Small Enterprise Management
Marketing
MKTG 35503	Consumer Behavior
MKTG 36303	Marketing Research
Supply Chain Management
SCMT 36103	SOURCE: Procurement and Supply Management
SCMT 36203	PLAN: Inventory and Forecasting Analytics

Total Hours		12

¹

Option 1 of the Financial Management/Investment Concentration is the only option available to fully online students seeking a Finance B.S.B.A. degree. Students must select two of the following four courses to meet the requirements of Option 1:

FINN 30603, FINN 36003, FINN 39303, FINN 41203

²

Students seeking to complete Option 1 of the Financial Management/Investment Concentration fully online must select two from the following courses to meet the interdisciplinary elective requirement:

ACCT 37203, ACCT 37503, FINN 30003, FINN 36203, ISYS 22603, ISYS 42103, MKTG 35303, MKTG 36303, SCMT 36103, SCMT 36203

Finance B.S.B.A. with Financial Management and Investment Concentration

Eight-Semester Degree Program

Students wishing to follow the eight-semester degree plan should see the Eight-Semester Degree Policy for university requirements of the program.

Courses in BOLD must be taken in the designated semester. Although other courses listed are not required to be completed in the designated sequence, the recommendations below are preferred.

First Year	Units
	Fall	Spring
ENGL 10103 Composition I (ACTS Equivalency = ENGL 1013) (Satisfies General Education Outcome 1.1)³	3
MATH 20503 Finite Mathematics (Satisfies General Education Outcome 2.1)^{1, 3}	3
BUSI 11101 Freshman Business Connection³	1
SCMT 21003 Integrated Supply Chain Management²	3
MGMT 21003 Managing People and Organizations²	3
ISYS 11203 Business Application Knowledge - Computer Competency³	3
BLAW 20003 The Legal Environment of Business (ACTS Equivalency = BLAW 2003)²		3
SPCH 10003 Public Speaking (ACTS Equivalency = SPCH 1003) (Satisfies General Education Outcomes 1.2 and 5.1)³		3
ACCT 20103 Accounting Principles³		3
BUSI 10303 Data Analysis and Interpretation³		3
Satisfies General Education Outcome 3.3:
ECON 22003 Principles of Microeconomics (ACTS Equivalency = ECON 2203)³ or ECON 21003 Principles of Macroeconomics (ACTS Equivalency = ECON 2103)		3
Year Total:	16	15

Second Year	Units
	Fall	Spring
ACCT 20203 Accounting Principles II³	3
FINN 20403 Principles of Finance²	3
Satisfies General Education Outcome 3.3:
ECON 21003 Principles of Macroeconomics (ACTS Equivalency = ECON 2103)³ or ECON 22003 Principles of Microeconomics (ACTS Equivalency = ECON 2203)	3
ENGL 10203 Composition II (ACTS Equivalency = ENGL 1023) (Satisfies General Education Outcome 1.1)	3
Fine Art/Humanities - State Minimum Core (Satisfies General Education Outcome 3.1 or 3.2)^{5, 6}	3
Social Sciences - State Minimum Core (Satisfies General Education Outcomes 3.3 and 4.1 , as well as the Social Issues, Multicultural Environment and Demographic Diversity Requirement)⁴		3
MATH 22003 Survey of Calculus (ACTS Equivalency = MATH 2203)³		3
3 hours general education elective		3
MKTG 34303 Introduction to Marketing² or ISYS 21003 Business Information Systems		3
Social Sciences - State Minimum Core (Satisfies General Education Outcome 3.4)		4
All pre-business requirements should be met by the end of the term
Year Total:	15	16

Third Year	Units
	Fall	Spring
MKTG 34303 Introduction to Marketing² or ISYS 21003 Business Information Systems	3
FINN 30103 Financial Analysis	3
FINN 31003 Financial Modeling	3
Junior Senior Business Elective	3
Fine Arts/Humanities - State Minimum Core (Satisfies General Education Outcome 3.1 or 3.2)^{5, 6}	3
FINN 30503 Financial Markets and Institutions		3
Finance or Interdisciplinary Elective		3
SEVI 30103 Strategic Management (Satisfies General Education Outcome 6.1)		3
Junior Senior Business Electives		3
U.S. History or Government - State Minimum Core (Satisfies General Education Outcome 4.2)		3
Year Total:	15	15

Fourth Year	Units
	Fall	Spring
Finance Option Class⁷	3
Junior Senior Business Electives	6
3 hours general education electives	3
Science - State Minimum Core (Satisfies General Education Outcome 3.4)	4
FINN 37003 International Finance		3
Finance Option Class⁷		3
Finance or Interdisciplinary Elective		3
General Education Electives		3
Year Total:	16	12

Total Units in Sequence:		120

¹

Students have demonstrated successful completion of the learning indicators identified for learning outcome 2.1, by meeting the prerequisites for MATH 20503.

²

Must be completed prior to SEVI 30103.

³

Must be completed prior to taking any 3000 or 4000 level business classes.

⁴

The Social Sciences Elective courses which satisfy General Education Outcomes 3.3 and 4.1, as well as the Social Issues, Multicultural Environment, and Demographic Diversity Requirement include:

ANTH 10203, HIST 11193, HIST 11293, SOCI 10103, SOCI 101H3, or SOCI 20103.

⁵

The Fine Arts Elective courses which satisfy the General Education Outcome 3.1 include:

ARCH 10003, ARHS 10003, COMM 10003, DANC 10003, LARC 10003, MUSC 10003, MUSC 100H3, MUSC 10103, MUSC 101H3, MUSC 13303, THTR 10003, THTR 10103, or MUSC 101H3.

⁶

The Humanities Elective courses which satisfy the General Education Outcome 3.2 include:

⁷

If student selects Option 2 (FINN 41403 and FINN 41503) under the Financial Management concentration, they must take ACCT 37203 as a junior/senior business elective in Fall of their junior year, FINN 30603 as either a junior/senior business elective or a finance/interdisciplinary elective in Spring of their junior year. If student selects Option 3 (FINN 31603 and FINN 31703) they must take FINN 30603 as either a junior/ senior business elective or a finance/interdisciplinary elective in their junior year.

Finance Major with Real Estate Concentration

Major Course Requirements
FINN 30103	Financial Analysis	3
FINN 30503	Financial Markets and Institutions	3
FINN 31003	Financial Modeling	3
FINN 37003	International Finance	3
Maximum of 27 hours of FINN courses in department (core, major, elective). More than 27 hours allowed if the extra courses are part of interdisciplinary minor or collateral track.
Junior/Senior Level Business Electives		12
Concentration hours		12
Total Hours		36

Real Estate Concentration

FINN 39303	Real Estate Principles	3
FINN 44103	Real Estate Appraisal	3
FINN 44303	Real Estate Finance and Investment	3
Choose any other Finance 3000 or 4000 level class or one of the following interdisciplinary electives listed below:		3
Accounting
ACCT 37203	Intermediate Accounting I
ACCT 37503	Intermediate Accounting II
Economics
ECON 44303	Experimental Economics
Information Systems
ISYS 22603	Principles of Information Systems
ISYS 42103	ERP Fundamentals
Strategy, Entrepreneurship & Innovation
SEVI 39303	Entrepreneurship and New Venture Development
SEVI 44303	Small Enterprise Management
Marketing
MKTG 35503	Consumer Behavior
MKTG 36303	Marketing Research
Supply Chain Management
SCMT 36103	SOURCE: Procurement and Supply Management
SCMT 36203	PLAN: Inventory and Forecasting Analytics
Total Hours		12

Finance B.S.B.A. with Real Estate Concentration

Eight-Semester Degree Program

Students wishing to follow the eight-semester degree plan should see the Eight-Semester Degree Policy for university requirements of the program.

Courses in BOLD must be taken in the designated semester. Although other courses listed are not required to be completed in the designated sequence, the recommendations below are preferred.

First Year	Units
	Fall	Spring
ENGL 10103 Composition I (ACTS Equivalency = ENGL 1013) (Satisfies General Education Outcome 1.1)³	3
MATH 20503 Finite Mathematics (Satisfies General Education Outcome 2.1)^{1, 3}	3
BUSI 11101 Freshman Business Connection³	1
SCMT 21003 Integrated Supply Chain Management²	3
MGMT 21003 Managing People and Organizations²	3
ISYS 11203 Business Application Knowledge - Computer Competency³	3
BLAW 20003 The Legal Environment of Business (ACTS Equivalency = BLAW 2003)²		3
SPCH 10003 Public Speaking (ACTS Equivalency = SPCH 1003) (Satisfies General Education Outcomes 1.2 and 5.1)³		3
ACCT 20103 Accounting Principles³		3
BUSI 10303 Data Analysis and Interpretation³		3
Satisfies General Education Outcome 3.3:
ECON 22003 Principles of Microeconomics (ACTS Equivalency = ECON 2203)³ or ECON 21003 Principles of Macroeconomics (ACTS Equivalency = ECON 2103)		3
Year Total:	16	15

Second Year	Units
	Fall	Spring
ACCT 20203 Accounting Principles II³	3
FINN 20403 Principles of Finance²	3
Satisfies General Education Outcome 3.3:
ECON 21003 Principles of Macroeconomics (ACTS Equivalency = ECON 2103)³ or ECON 22003 Principles of Microeconomics (ACTS Equivalency = ECON 2203)	3
ENGL 10203 Composition II (ACTS Equivalency = ENGL 1023) (Satisfies General Education Outcome 1.1)³	3
Fine Arts/Humanities - State Minimum Core (Satisfies General Education Outcome 3.1 or 3.2)^{5, 6}	3
Social Sciences - State Minimum Core (Satisfies General Education Outcomes 3.3 and 4.1 , as well as the Social Issues, Multicultural Environment and Demographic Diversity Requirement)⁴		3
MATH 22003 Survey of Calculus (ACTS Equivalency = MATH 2203)³		3
3 hours general education elective		3
MKTG 34303 Introduction to Marketing² or ISYS 21003 Business Information Systems		3
Science - State Minimum Core (Satisfies General Education Outcome 3.4)		4
All pre-business requirements should be met by the end of the term
Year Total:	15	16

Third Year	Units
	Fall	Spring
MKTG 34303 Introduction to Marketing² or ISYS 21003 Business Information Systems	3
FINN 31003 Financial Modeling	3
FINN 39303 Real Estate Principles	3
Fine Arts/Humanities - State Minimum Core (Satisfies General Education Outcome 3.1 or 3.2)^{5, 6}	3
US History or Government - State Minimum Core (Satisfies General Education Outcome 4.2)	3
FINN 30503 Financial Markets and Institutions		3
FINN 31003 Financial Modeling		3
SEVI 30103 Strategic Management (Satisfies General Education Outcome 6.1)		3
Junior Senior Business Electives		3
General Education Elective		3
Year Total:	15	15

Fourth Year	Units
	Fall	Spring
FINN 37003 International Finance	3
FINN 44103 Real Estate Appraisal	3
Junior Senior Business Electives	6
General Education Elective	3
FINN 44303 Real Estate Finance and Investment		3
Finance or Interdisciplinary Elective		3
Junior Senior Business Elective		3
Science - State Minimum Core (Satisfies General Education Outcome 3.4)		4
Year Total:	15	13

Total Units in Sequence:		120

¹: Students have demonstrated successful completion of the learning indicators identified for learning outcome 2.1, by meeting the prerequisites for MATH 20503.
²: Must be completed prior to SEVI 30103.
³: Must be completed prior to taking any 3000 or 4000 level business courses.
⁴: The Social Sciences Elective courses which satisfy General Education Outcomes 3.3 and 4.1, as well as the Social Issues, Multicultural Environment, and Demographic Diversity Requirement include: ANTH 10203, HIST 11193, HIST 11293, SOCI 10103, SOCI 101H3, or SOCI 20103.
⁵: The Fine Arts Elective courses which satisfy the General Education Outcome 3.1 include: ARCH 10003, ARHS 10003, COMM 10003, DANC 10003, LARC 10003, MUSC 10003, MUSC 100H3, MUSC 10103, MUSC 101H3, MUSC 13303, THTR 10003, THTR 10103, or THTR 101H3.
⁶: The Humanities Elective courses which satisfy the General Education Outcome 3.2 include: AAST 20203, ANTH 10303, ARCH 10103, CLST 10003, CLST 100H3, CLST 10103, COMM 12303, DANC 10003, ENGL 11103, ENGL 11203, ENGL 12103, GNST 20003, HIST 11193, HIST 111H3, HIST 11293, HIST 112H3, HIST 20003, HIST 20103, HUMN 112H4, HUMN 22103, LALS 20103, MRST 20103, MUSY 20003, MUSY 200H3, PHIL 20003, PHIL 200H3, PHIL 21003, PHIL 23003, THTR 10003, THTR 10103, THTR 101H3, or intermediate-level world language.

Finance Major with Risk Management Concentration

Major Course Requirements
FINN 30103	Financial Analysis	3
FINN 30503	Financial Markets and Institutions	3
FINN 31003	Financial Modeling	3
FINN 37003	International Finance	3
Maximum of 27 hours of FINN courses in department (core, major, elective). More than 27 hours allowed if the extra courses are part of interdisciplinary minor or collateral track.
Junior/Senior Level Business Electives		12
Concentration hours		12
Total Hours		36

Risk Management Concentration

FINN 36203	Risk Management	3
FINN 47303	Life and Health Insurance I	3
FINN 48303	Property and Casualty Insurance I	3
Choose any other Finance 3000 or 4000 level class or one of the following interdisciplinary electives listed below:		3
Accounting
ACCT 37203	Intermediate Accounting I
ACCT 37503	Intermediate Accounting II
Economics
ECON 44303	Experimental Economics
Information Systems
ISYS 22603	Principles of Information Systems
ISYS 42103	ERP Fundamentals
Strategy, Entrepreneurship & Innovation
SEVI 39303	Entrepreneurship and New Venture Development
SEVI 44303	Small Enterprise Management
Marketing
MKTG 35503	Consumer Behavior
MKTG 36303	Marketing Research
Supply Chain Management
SCMT 36103	SOURCE: Procurement and Supply Management
SCMT 36203	PLAN: Inventory and Forecasting Analytics
Total Hours		12

Finance B.S.B.A. with Risk Management Concentration

Eight-Semester Degree Program

Students wishing to follow the eight-semester degree plan should see the Eight-Semester Degree Policy for university requirements of the program.

Courses in BOLD must be taken in the designated semester. Although other courses listed are not required to be completed in the designated sequence, the recommendations below are preferred.

First Year	Units
	Fall	Spring
ENGL 10103 Composition I (ACTS Equivalency = ENGL 1013) (Satisfies General Education Outcome 1.1)³	3
MATH 20503 Finite Mathematics (Satisfies General Education Outcome 2.1)^{1, 3}	3
BUSI 11101 Freshman Business Connection³	1
SCMT 21003 Integrated Supply Chain Management²	3
MGMT 21003 Managing People and Organizations²	3
ISYS 11203 Business Application Knowledge - Computer Competency	3
BLAW 20003 The Legal Environment of Business (ACTS Equivalency = BLAW 2003)²		3
SPCH 10003 Public Speaking (ACTS Equivalency = SPCH 1003) (Satisfies General Education Outcomes 1.2 and 5.1)³		3
ACCT 20103 Accounting Principles³		3
BUSI 10303 Data Analysis and Interpretation³		3
Satisfies General Education Outcome 3.3:
ECON 22003 Principles of Microeconomics (ACTS Equivalency = ECON 2203)³ or ECON 21003 Principles of Macroeconomics (ACTS Equivalency = ECON 2103)		3
Year Total:	16	15

Second Year	Units
	Fall	Spring
ACCT 20203 Accounting Principles II³	3
FINN 20403 Principles of Finance²	3
Satisfies General Education Outcome 3.3:
ECON 21003 Principles of Macroeconomics (ACTS Equivalency = ECON 2103)³ or ECON 22003 Principles of Microeconomics (ACTS Equivalency = ECON 2203)	3
ENGL 10203 Composition II (ACTS Equivalency = ENGL 1023) (Satisfies General Education Outcome 1.1)³	3
Fine Arts/Humanities - State Minimum Core (Satisfies General Education Outcome 3.1 or 3.2)^{4, 5}	3
Social Sciences - State Minimum Core (Satisfies General Education Outcomes 3.3 and 4.1 , as well as the Social Issues, Multicultural Environment and Demographic Diversity Requirement)⁶		3
MATH 22003 Survey of Calculus (ACTS Equivalency = MATH 2203)³		3
3 hours general education elective		3
MKTG 34303 Introduction to Marketing² or ISYS 21003 Business Information Systems		3
Science - State Minimum Core (Satisfies General Education Outcome 3.4)		4
All pre-business requirements should be met by the end of the term
Year Total:	15	16

Third Year	Units
	Fall	Spring
MKTG 34303 Introduction to Marketing² or ISYS 21003 Business Information Systems	3
FINN 30103 Financial Analysis	3
FINN 36203 Risk Management	3
General Education Electives	3
FINN 30503 Financial Markets and Institutions		3
FINN 48303 Property and Casualty Insurance I		3
SEVI 30103 Strategic Management (Satisfies General Education Outcome 6.1)		3
Junior/Senior Business Electives		3
U.S. History or Government - State Minimum Core (Satisfies General Education Outcome 4.2)		3
Year Total:	12	15

Fourth Year	Units
	Fall	Spring
FINN 37003 International Finance	3
FINN 47303 Life and Health Insurance I	3
Junior Senior Business Electives	6
General Education Elective	3
FINN 31003 Financial Modeling		3
Finance or Interdisciplinary Electives		3
Junior Senior Business Elective		3
Fine Arts/Humanities - State Minimum Core (Satisfies General Education Outcome 3.1 or 3.2)^{4, 5}		3
Science - State Minimum Core (Satisfies General Education Outcome 3.4)		4
Year Total:	15	16

Total Units in Sequence:		120

¹: Students have demonstrated successful completion of the learning indicators identified for learning outcome 2.1, by meeting the prerequisites for MATH 20503.
²: Must be completed prior to SEVI 30103.
³: Must be completed prior to taking any 3000 or 4000 level business courses.
⁴: The Fine Arts Elective courses which satisfy the General Education Outcome 3.1 include: ARCH 10003, ARHS 10003, COMM 10003, DANC 10003, LARC 10003, MUSC 10003, MUSC 100H3, MUSC 10103, MUSC 101H3, MUSC 13303, THTR 10003, THTR 10103, or THTR 101H3.
⁵: The Humanities Elective courses which satisfy the General Education Outcome 3.2 include: AAST 20203, ANTH 10303, ARCH 10103, CLST 10003, CLST 100H3, CLST 10103, COMM 12303, DANC 10003, ENGL 11103, ENGL 11203, ENGL 12103, GNST 20003, HIST 11193, HIST 111H3, HIST 11293, HIST 112H3, HIST 20003, HIST 20103, HUMN 112H4, HUMN 22103, LALS 20103, MRST 20103, MUSY 20003, MUSY 200H3, PHIL 20003, PHIL 200H3, PHIL 21003, PHIL 23003, THTR 10003, THTR 10103, THTR 101H3, or intermediate-level world language.
⁶: The Social Sciences Elective courses which satisfy General Education Outcomes 3.3 and 4.1, as well as the Social Issues, Multicultural Environment, and Demographic Diversity Requirement include: ANTH 10203, HIST 11193, HIST 11293, SOCI 10103, SOCI 101H3, or SOCI 20103.

Finance Minors for Business Students

The Department of Finance offers two minor options for Walton College students in the areas of Banking/Financial Management/ Investment and Insurance/Real Estate. The minors require completion of 15 hours of study with all of the upper level courses applied toward the minor taken in residence. Students must complete ACCT 20203 as a prerequisite to upper division Finance course requirements. The 15 hours include the following options and courses:

1. Banking/Financial Management/Investment		15
FINN 30103	Financial Analysis
Select two of the following:
FINN 30503	Financial Markets and Institutions
FINN 31003	Financial Modeling
FINN 37003	International Finance
Select two of the following:
FINN 30603	Investments
FINN 31303	Commercial Banking
FINN 3300V	Finance Study Abroad
FINN 36003	Corporate Finance
FINN 41303	Advanced Investments
FINN 42303	Advanced Corporate Finance
FINN 43103	Advanced Commercial Banking
Total Hours		15

2. Risk Management/Real Estate		15
Select five of the following:
FINN 30003	Personal Financial Management
FINN 3300V	Finance Study Abroad
FINN 36203	Risk Management
FINN 47303	Life and Health Insurance I
FINN 48303	Property and Casualty Insurance I
FINN 39303	Real Estate Principles
FINN 44103	Real Estate Appraisal
FINN 44303	Real Estate Finance and Investment
Total Hours		15

Students who desire to earn a Finance minor must notify the Walton College Undergraduate Programs Office of their intent to pursue a minor. All requirements for a minor must be completed prior to the awarding of the student’s undergraduate degree. All specific course prerequisites must be met. Each student must have a 2.00 cumulative grade-point average in the courses offered for the minor.

Faculty

Acrey, Cash, Ph.D., M.B.A. (University of Arkansas), B.A. (University of Arkansas at Little Rock), Clinical Assistant Professor, 2013.
Carlton, Dale, J.D. (University of Arkansas), B.A. (Ouachita Baptist University), Instructor, 2022.
Driver, Nelson G., B.S. (University of Arkansas), Instructor, 1997.
Hsu, Hung-Chia Scott, Ph.D. (University of North Carolina-Chapel Hill), M.A. (University of Southern California), B.A. (National Taiwan University), Associate Professor, 2015, 2021.
Huang, Lifa, Ph.D., M.B.A. (University of Arkansas), M.S. (Southern Illinois University), Teaching Assistant Professor, 2019.
Jandik, Dobrina, Ph.D. (University of Arkansas), M.Sc.Eng. (University of Chemical Technology), M.B.A. (University of Montana), Clinical Associate Professor, 2017.
Jandik, Tomas, Ph.D. (University of Pittsburgh), M.S., B.S. (Czech Technical University), Professor, Dillard Chair in Corporate Finance, 2000, 2016.
Lee, Wayne Y., Ph.D. (University of California-Los Angeles), M.B.A. (Santa Clara University), B.S.M.E. (De La Salle College, Philippines), Professor, Alice L. Walton Chair in Finance, Garrison Chair in Finance, 1998.
Li, Xi, Ph.D. (Vanderbilt University), M.A. (Tulane University), B.S. (Hunan University), Associate Professor, 2018.
Liu, Kuan, Ph.D. (Boston College, Rutgers University), M.S., B.S. (Wuhan University), Assistant Professor, 2020.
Liu, Pu, Ph.D., M.B.A. (Indiana University at Bloomington), B.S. (National Cheng Kung University), Professor, Harold Dulan Chair in Capital Formation, Robert E. Kennedy Chair in Finance, 1984, 2009.
Lynch, Andrew, Ph.D., M.A. (University of Missouri), B.S. (Southwest Baptist University), Assistant Professor, 2020.
Malakhov, Alexey, Ph.D. (Northwestern University), Ph.D. (University of North Carolina at Charlotte), M.S. (Moscow State University), Associate Professor, Edward W. Reed Endowed Professorship in Finance, 2006, 2013.
Morris, Noel, B.A. (Arkansas Tech University), Instructor, 2007.
Rennie, Craig, Ph.D. (University of Oregon), M.B.A. (Dalhousie University), B.A. (University of Toronto), Associate Professor, Clete and Tammy Brewer Professorship in Business, 2001, 2007.
Riley, Timothy B., Ph.D., M.B.A., B.S.S. (University of Kentucky), Assistant Professor, 2016.
Wang, Yu, Ph.D. (Rutgers University, Boston College), M.S., B.S. (Wuhan University), Assistant Professor, 2020.
Yeager, Timothy J., Ph.D., M.A. (Washington University in St. Louis), Professor, Arkansas Bankers Association Chair in Banking, 2006, 2016.
Zhang, Xinde, Ph.D. (University of North Carolina-Charlotte), M.S. (Youngstown State University), B.S. (Jilin University, China), Visiting Assistant Professor, 2020.

Courses

FINN 10003. Your Money and Credit. 3 Hours.

Introduction to personal finance. Topics include building wealth, do's and don'ts of credit, car and home ownership. Lectures on theory and concepts; 'learning from the masters' video on best practices; financial simulations and case exercises. (Typically offered: Fall, Spring and Summer)

FINN 20403. Principles of Finance. 3 Hours.

Introduction to the financial system and financial management. Addresses the role and functions of financial intermediaries and markets for fixed income and equity securities; understand how interest rates are determined and assets valued; learn how firms effectively manage financial resources and create value through investment and financing decisions. Prerequisite: Walton College Students: BUSI 10303, ACCT 20103 and (ECON 21003 or ECON 22003) each with a grade of C or better; Non-Business Majors: (INEG 23104 or STAT 30133 or MATH 21003), and ACCT 20103, and (ECON 21403 or ECON 21003 or ECON 22003) each with a grade of C or better. (Typically offered: Fall, Spring and Summer)

FINN 204H3. Honors Principles of Finance. 3 Hours.

Introduction to the financial system and financial management. Addresses the role and functions of financial intermediaries and markets for fixed income and equity securities; understand how interest rates are determined and assets valued; learn how firms effectively manage financial resources and create value through investment and financing decisions. Prerequisite: BUSI 10303, ACCT 20103 and (ECON 21003 or ECON 22003), all with a grade of C or better and honors standing. (Typically offered: Fall and Spring)
This course is equivalent to FINN 20403.

FINN 30003. Personal Financial Management. 3 Hours.

Topics covered include budgeting, financial planning, managing credit, taxes, insurance, investments, and retirement planning. (Typically offered: Fall, Spring and Summer)

FINN 30103. Financial Analysis. 3 Hours.

Focuses on how information contained in financial statements can be used in financial decision-making; in particular, to assess financial performance, evaluate credit and default risk, forecast future funds needs, weigh the risk-reward of debt vs. equity financing, and develop estimates of intrinsic value using relative valuation metrics and discounted cash flow methods. Prerequisite: FINN 20403. (Typically offered: Fall, Spring and Summer)

FINN 30503. Financial Markets and Institutions. 3 Hours.

Role and operations of financial markets and institutions in the economy. Supply of, demand for, funds, interest rates and flow of funds analysis. Financial policies, practices of bank and nonbank financial institutions. Prerequisite: (ECON 21003 and ECON 22003) or ECON 21403. (Typically offered: Fall, Spring and Summer)

FINN 30603. Investments. 3 Hours.

Introduction to basic investment concepts including: risk-return and mean-variance efficient frontiers, diversification and the pricing of risk, security valuation. Corequisite: FINN 30103. Prerequisite: FINN 20403. (Typically offered: Fall, Spring and Summer)

FINN 31003. Financial Modeling. 3 Hours.

Develop strong computer skills in financial analysis by integrating conceptual material with spreadsheet-based numerical solution and simulation techniques. Prerequisite: FINN 20403. (Typically offered: Fall, Spring and Summer)

FINN 31303. Commercial Banking. 3 Hours.

Commercial bank administration, management; loans; bond portfolios; credit analysis; public relations; analysis and interpretations of Federal Reserve regulations and publications. Prerequisite: FINN 20403. (Typically offered: Fall and Spring)

FINN 31603. Fixed Income Securities I. 3 Hours.

The markets and institutional settings of fixed income securities; valuation and risk analysis of money market and capital market instruments; strategies and management of bond portfolios; taxable and tax-exempt securities; U.S. and non-U.S. fixed income securities; term structure of interest rate; and interest rate derivatives as hedging tools. Corequisite: FINN 31003 and FINN 30603. Prerequisite: Departmental consent. (Typically offered: Fall)

FINN 31703. Fixed Income Securities II. 3 Hours.

Continuation of FINN 31603. The markets and institutional settings of fixed income securities; valuation, and risk analysis of money market and capital market instruments; strategies and management of bond portfolios; taxable and tax-exempt securities; U.S. and non-U.S. fixed income securities; term structure of interest rate; and interest rate derivatives as hedging tools. Prerequisite: FINN 31603. (Typically offered: Spring)

FINN 3300V. Finance Study Abroad. 1-3 Hour.

Providing a balance of theory and practical application, this course provides students with study abroad experiences in finance addressing strategic and operational processes within the global context by understanding international financial systems, culture, geography, history, and politics of other countries. Prerequisite: Departmental consent, completion of 30 hours, ENGL 10103, (MATH 20503 or MATH 24004), ECON 21003, ECON 22003, ISYS 11203, BUSI 11101 and ACCT 20103. (Typically offered: Summer)

FINN 330HV. Honors Finance Study Abroad. 1-3 Hour.

FINN 36003. Corporate Finance. 3 Hours.

Develop analytical competencies in financial planning, cost of capital estimation, application of discounted cash flow approach to valuation and capital allocation, lease analysis, evaluation of merger and organizational restructuring strategies. Prerequisite: FINN 20403 and FINN 30103. (Typically offered: Fall, Spring and Summer)

FINN 36203. Risk Management. 3 Hours.

A survey of the extent and types of risk in business; ways of dealing with business risk; use of security and commodity exchanges; survey of insurance for risk bearing purposes. (Typically offered: Fall and Spring)

FINN 37003. International Finance. 3 Hours.

Introduction to international financial markets, exchange rates and exchange rate determination, balance of trade measures, and vehicles for foreign trade financing. (Typically offered: Fall, Spring and Summer)

FINN 39303. Real Estate Principles. 3 Hours.

Comprehensive, covering economics of real estate, real estate value, real estate finance, rights in real property and their transfer, public programs, policies relating to real property. (Typically offered: Fall and Spring)

FINN 400H3. Honors Finance Colloquium. 3 Hours.

Explores important concepts, significant events and/or new developments in the field of Finance. Prerequisite: Senior standing. (Typically offered: Fall)

FINN 40103. Seminar in Personal Financial Planning. 3 Hours.

Explores financial planning function, including contact, data acquisition, plan development and implementation; covers all areas of personal financial planning including investments, insurance, taxes, and estate planning; addresses planning techniques and financial planning ethical issues; emphasis on case studies. Pre- or Corequisite: FINN 47303. Prerequisite: FINN 30003, FINN 30603, FINN 36203, and ACCT 38403. (Typically offered: Spring)

FINN 4100V. Special Topics in Finance. 1-6 Hour.

Explore current events, new developments and special topics in Finance not covered in other courses. Prerequisite: FINN 20403. (Typically offered: Irregular) May be repeated for up to 6 hours of degree credit.

FINN 41203. Valuing New Ventures. 3 Hours.

Valuation methods of entrepreneurial, early-stage, and R&D finance, including term sheets, valuing full and partial stakes, preferred and participating convertible preferred stock, options, later-round investments, complex structures, R&D finance, monte carl simulation, real options, binomial trees, and game theory. Prerequisite: Junior Standing. (Typically offered: Fall, Spring and Summer)

FINN 41303. Advanced Investments. 3 Hours.

Sound training in the principles of security analysis and portfolio management and certain advanced techniques of financial management. Modern portfolio theory and its application to portfolio management practices will be emphasized. Prerequisite: FINN 30603. (Typically offered: Fall and Spring)

FINN 41403. Portfolio Management I. 3 Hours.

This course applies modern investment theory to the practical management of the Rebsament Trust. Students prepare a statement of investment objectives, recommend an asset allocation strategy based on a quantitative analysis of asset class returns, and select securities using fundamental analysis. Classes are organized as management meetings and visits to investment firms are an important part of the class. Application, interview and instructor approval are required. Corequisite: FINN 30603 and ACCT 37203. Prerequisite: Departmental consent. (Typically offered: Fall)

FINN 41503. Portfolio Management II. 3 Hours.

This course is a continuation of FINN 41403. Topics covered include technical analysis, dynamic asset allocation and derivative strategies. Visits to major investments firms and organized exchanges in New York City or other locations are generally planned. Selection is by invitation. Prerequisite: FINN 41403 and by invitation only. (Typically offered: Spring)

FINN 41603. Advanced Financial Modeling. 3 Hours.

The course applies Business Intelligence (BI) and Artificial Intelligent (AI) tools to business data for financial analysis and modeling. The course introduces programming, data handling and modeling. Prerequisite: FINN 20403. (Typically offered: Fall, Spring and Summer)

FINN 41703. Energy Finance. 3 Hours.

This course is as a comprehensive introduction to the field of Energy Finance, i.e., the application of Finance principles to energy, energy-service, and related industries. Topics covered include: (1) physical fossil fuel markets; (2) physical electricity markets; (3) financially traded energy products; and (4) credit, counterparty, and country risk. Pre- or Corequisite: ACCT 37203. Prerequisite: FINN 30103 and FINN 20403. (Typically offered: Fall and Spring)

FINN 42303. Advanced Corporate Finance. 3 Hours.

Addresses complex and multifaceted issues and problems in financial decision-making. Prerequisite: FINN 36003. (Typically offered: Irregular)

FINN 42403. New Venture Finance. 3 Hours.

Explores early-stage funding sources and the startup ecosystem, due diligence when seeking funding, and the issues that arise about governance and control when seeking funding, including a deep dive into term sheets and capitalization tables. Prerequisite: Junior Standing. (Typically offered: Fall, Spring and Summer)

FINN 43103. Advanced Commercial Banking. 3 Hours.

Problems and cases emphasizing application of analytical tools and techniques in commercial bank risk measurement and management. Evaluation of small business credit risk; analysis of liquidity, capital, and interest rate risk; stress testing; hedging risk with derivatives. Prerequisite: FINN 31303. (Typically offered: Spring)

FINN 43203. Financial Data Analytics I. 3 Hours.

This course provides students with a broad understanding of: the general principles and techniques of advanced programming languages; familiarity with its applications to financial data warehousing and extraction; competency and proficiency in its use in processing, analyzing, and visualization of data; and the development, implementation, and evaluation of algorithmic strategies. Prerequisite: FINN 41603. (Typically offered: Fall, Spring and Summer)

FINN 43303. Financial Data Analytics II. 3 Hours.

This course provides an in-depth study of financial data analysis and emphasizes popular financial models and trading strategies. We will particularly emphasize the use of quantitative methods and data-driven approaches in backtesting and analyzing the risk/return tradeoff of financial models and trading strategies. Prerequisite: FINN 43203. (Typically offered: Fall, Spring and Summer)

FINN 44103. Real Estate Appraisal. 3 Hours.

Valuation theories applied to real estate. Characteristics which affect value are studied and valuation methodologies are learned and performed by the students. Focus is on residential real estate but all types of real estate are addressed. Students prepare in actual residential appraisal report. Prerequisite: FINN 39303. (Typically offered: Fall)

FINN 44303. Real Estate Finance and Investment. 3 Hours.

Consideration of professional aspects of the real estate field. Emphasis is placed upon finance techniques and investment analysis. The focus is on commercial real estate. Brokerage, property management, appraisal, property development and current problems are also addressed. Students prepare a feasibly study on a commercial development project. Corequisite: FINN 31003. Prerequisite: FINN 39303. (Typically offered: Spring)

FINN 4500V. Independent Study. 1-3 Hour.

Permits students on an individual basis to explore selected topics in finance, with the consent of instructor. (Typically offered: Irregular)

FINN 47303. Life and Health Insurance I. 3 Hours.

Basic principles, functions, uses of life and health insurance; types of policy contracts; calculation of premiums, reserves; organizations, management, supervision, of companies. (Typically offered: Fall)

FINN 48303. Property and Casualty Insurance I. 3 Hours.

Forms and functions of fire, marine, inland marine, automobile title, miscellaneous types insurance and bonds for business, personal use. (Typically offered: Spring)