M A T H E M A T I C A L B U S I N E S S
Course ID: 016064
Introduction to Corporate Finance
Cash flow analysis. Cost of capital, investment decision rules, capital budgeting, depreciation. CAPM. Description and valuation of financial instruments including stocks, swaps, options, and bonds.
Prereq: ACTSC 221 or ACTSC 231.
Coreq: STAT 231 or 241.
Antireq: AFM 272/ACTSC 291, AFM 273, 274, AFM 275/AFM 372/ACTSC 391, BUS 283W, ECON 371, ACTSC 371, ACTSC 372
Course ID: 013755
Derivatives
Overview of the derivatives markets. Pricing of derivatives, including futures, forwards, swaps, and options. Hedging vs. speculating. Option Greeks. Trading strategies. Case studies.
Prereq: (One of AFM 275/AFM 372/ACTSC 391, ACTSC 371, BUS 393W), (STAT 334 or (STAT 330 and 333)).
Antireq: AFM 322/474, ACTSC/STAT 446, BUS 423W, ECON 372
Course ID: 013865
Fixed Income Securities
Analysis of fixed income securities. Duration, convexity. Structured products. Market characteristics. Valuation of bonds with embedded options. Accounting and taxation issues.
Prereq: ACTSC 231 and (ACTSC 372 or BUS 393W) or AFM 275/AFM 372/ACTSC 391; Business/Math double degree, Math/Accounting, or Math/Financial Analysis and Risk Management students only.
Antireq: AFM 425/475, BUS 449W
Course ID: 013866
Risk Management
Principles of Risk Management. Market, credit, and operational risk management. Risk measures. Hedging strategies and risks in hedging. Credit migration. Global financial market regulation. Case studies.
Prereq: One of ACTSC 372, AFM 275/AFM 372/ACTSC 391, BUS 393W; Business/Math double degree, Math/CPA, or Math/Financial Analysis and Risk Management students only.
Antireq: ACTSC 445, AFM 422, BUS 433W