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The Course Catalog includes course descriptions of all courses offered by F. W. Olin Graduate School of Business. For descriptions of the courses offered in the current or upcoming semesters, please see our Course Listing

FIN7519 - PERSONAL FINANCE MANAGEMENT

PERSONAL FINANCE MANAGEMENT

FIN7519 Personal Financial Management 3 Credit Elective This course teaches students to negotiate the retail financial landscape, emphasizing issues that have a large impact on their future financial well-being. It assumes no finance knowledge other than first-year finance. The course covers topics such as selecting a financial adviser, financing the purchase of a house, college saving, retirement saving, behavioral finance, trusts, and investment frauds and scams. Specific investment products studied include mutual funds, exchange-traded funds, municipal bonds, emerging markets, alternative investments (including hedge funds, private equity funds, and commodities), annuities, and insurance products. Consideration will be given to the problem of an entrepreneur or start-up employee who has a substantial fraction of personal wealth invested in a single business venture, including evaluating stock- and option-based compensation plans. Over the duration of the course, students may work to develop a personal financial plan for themselves, or if they prefer, for a fictional person with a defined set of financial traits. Prerequisite: None but it is recommenced that students take FIN7200 or FIN7800 first This course is typically offered in the Fall.

3.00 credits

FIN7523 - ENERGY MARKETS BUSINESS MODELS AND OPP

ENERGY MARKETS BUSINESS MODELS AND OPP

FIN7523: Energy Markets- Business Models and Opportunities 1.5 Elective Credit The course will provide a fast paced overview of the history and current state of the Energy Industry. The overview will include the economics of resource and distribution of the current energy portfolio in its various forms, capital structure, underlying and forecast trends, and opportunities/obstacles of change. Students will then use this foundation to evaluate New Energy business models, opportunities, and unintended consequences. We will consider real life cases (US and international), involving current energy infrastructure and the economics/politics of change. There will be a group project assignment (no final) where students can develop and evaluate the economic (and societal) implication of any of a wide range of possible innovations (sample topics include autonomous vehicles, the digital age/gig-economy, storage, and efficiency concepts). Students will employ conventional and industry appropriate financial tools, as well as socially aware issues, to evaluate the current, transitional, and potential energy infrastructure. Prerequisites: FIN7200

1.50 credits

FIN7525 - FINANCE FOR NEW VENTURES

FINANCE FOR NEW VENTURES

FIN7525 Finance for New Ventures 3 credit elective FIN7525 is meant for entrepreneurs and small business owners that want a detailed understanding of the financial implications of strategic decisions as they start and grow their ventures. The focus is on forecasting integrated financial statements, valuation, and deal structure. The course covers equity investment (angels and VCs) from both the entrepreneurs and investors perspectives, including pre- and post-money value, capitalization tables, dilution, and liquidation preferences. The impact of debt financing on financial statements and returns is also covered. Valuation methods include discounted cash flow, multiples, and the VC method. Risk management techniques incorporating staging, milestones, real options, and simulation are used to better assess uncertainty and then structure transactions to mitigate risk. Prerequisite: FIN7200 OR FIN7800

3.00 credits

FIN7527 - REAL ESTATE FINANCIAL MODELING

REAL ESTATE FINANCIAL MODELING

FIN7527: Real Estate Financial Modeling 3 Elective credit This course will address the practical and theoretical issues involved in estimating cash flows and values of a wide variety real property, financial interests, investment interests and deal structures using discounted cash flow (DCF) techniques and sensitivity analyses. Students will solve real estate cash flow and DCF problems using models for property, portfolio, debt and equity interests for a variety of commercial real estate property types. Students will detailed modeling applications necessary to estimate both cash flows and values in the world of real estate finance and capital markets. Students will use and learn both Excel and industry standard software applications in the process of modelling lease by lease cash flows at the property level, portfolio cash flow consolidations, related debt structures, including first mortgage and mezzanine debt, and equity waterfall structures. This course includes explanation of the theoretical issues and concepts involved in these practical applications. This course is intended for students who have an interest in real estate or who desire to expand their knowledge of finance to include real estate. Prerequisite: FIN7200 or FIN7800 or students enrolled in the MSF

3.00 credits

FIN7528 - BEHAVIORAL FINANCE

BEHAVIORAL FINANCE

FIN7528: Behavioral Finance 3 Elective Credits In this course we will examine how individuals and firms make financial decisions, and how those decisions may deviate from those predicted by traditional financial theory. We will explore psychological biases in financial decision making, and examine the impacts these biases have on financial markets and financial decision making. In addition, we will examine how the insights from behavioral finance complement and conflict with the traditional finance paradigm of efficient markets populated by rational participants. Prerequisites: FIN7200 or MSF Program

3.00 credits

FIN7531 - IMPACT INVESTING AND SOCIAL FINANCE

IMPACT INVESTING AND SOCIAL FINANCE

FIN7531: Impact Investing and Social Finance 1.5 elective credits On the micro level, students learn how to identify the capital needs of a diverse set of mission-driven businesses and initiatives, devise impact theses and strategies for a range of investors, and work in teams to source, research and pitch investment opportunities. On the macro level, students learn to analyze impact investment strategies of private and public entities from around the world, and examine what policies and practices are needed to accelerate these strategies to fund the Sustainable Development Goals.

1.50 credits

FIN7545 - FINANCIAL TRADING STRATEGIES

FINANCIAL TRADING STRATEGIES

FIN7545 Financial Trading Strategies 3 credit elective In this course, students learn to develop and implement institutional (firm-level) financial trading strategies. These strategies are guided by quantitative models that identify, quantify, and manage risks and expected return. In so doing, students learn how to make decisions in an uncertain environment. The course is based on an experiential learning approach, in which trading simulation software provides a platform for delivering learning-by-doing cases. Specific cases covered in the course include: agency trading; principal (liability) trading; algorithmic market making; managing risk capital with value-at-risk; transportation, storage, and production arbitrage in commodity futures markets; and agricultural hedging. The course also covers fundamental concepts in market microstructure, such as bid-ask spreads, price discovery, information asymmetry, liquidity, and inventory risk.

3.00 credits

FIN7550 - DERIVATIVES: THEORY AND PRACTICE

DERIVATIVES: THEORY AND PRACTICE

FIN7550 Derivatives: Theory and Practice 3 credits This course examines the pricing and use of derivatives in depth. It will cover the mathematical underpinnings of forwards, futures, options, swaps and more exotic derivatives, as well as the practical uses of these derivatives to hedge and manage risk. This course will cover the Black-Scholes option pricing formula, binomial trees and risk-neutral pricing. Applications include financial hedging of foreign exchange risk, commodity risk, and interest rate risk; as well as portfolio immunization techniques. Prerequisite: FIN7200 or FIN7800

3.00 credits

FIN7565 - REAL ESTATE INVESTMENTS

REAL ESTATE INVESTMENTS

FIN7565: Real Estate Investments (Previously titled Real Estate Investment Fundamentals) (3 Credit Elective) This course is designed to introduce students to investment principles for income producing real estate. The course begins with an introduction to the asset class; compares real estate investments to alternatives such as equities and bonds; and explores macro supply and demand drivers in the context of the real estate cycle. After students gain an understanding of leases and the "bundle of rights" imbedded in real estate, the topics move to valuation and economic returns which are the course emphasis. Students will learn both static and dynamic cash flow analysis of income property; conventional debt and equity financing techniques; and determination of anticipated yields and pricing. Course format utilizes text, casework, and selected readings with frequent guest lectures from industry participants. Throughout the course an emphasis is placed on practical application and current examples from the industry and marketplace. Prerequisite: FIN7200 or FIN7800 This course is typically offered in Fall and Spring.

3.00 credits

FIN7566 - REAL ESTATE TRANSACTIONS

REAL ESTATE TRANSACTIONS

FIN7566: Real Estate Transactions 3 Elective Credits This course will examine the fundamentals of commercial real estate transactions from a legal and managerial perspective. Students will gain an in-depth understanding of the major laws and regulations which impact business strategy, allocation of risk, and ultimately deal structures in real estate transactions. Through course readings, assignments, and analysis of industry examples, students will learn how the business strategy components of a term sheet are integrated into the provisions of a transaction's legal documentation. Course topics will include the following: acquisition and disposition, real estate finance, management, development, leasing, tax considerations, distressed property, including loan workouts and commercial foreclosures, and recent legal developments. The course is designed to introduce students to commercial real estate and appeal to real estate entrepreneurs and students interested in careers in the real estate industry. Prerequisites: None

3.00 credits

FIN7570 - REAL ESTATE FINANCE

REAL ESTATE FINANCE

FIN7570 Real Estate Finance (1.5 credits) This course is designed for students who are likely to encounter real estate either as an investment or as part of a corporation's assets. This course focuses on the financing of real estate assets. Using traditional analysis and financing techniques as a foundation, the course examines the financial structuring of real estate transactions, and discusses the development of alternative-financing debt and equity vehicles, including securitized real estate transactions. The course emphasizes the use of financing techniques to enhance asset performance, minimize financial risk, and obtain capital. Prerequisite: FIN7200 This course is typically offered in the Fall.

1.50 credits

FIN7572 - BABSON COLLEGE FUND

BABSON COLLEGE FUND

FIN7572: Babson College Fund The Babson College Fund is a two-semester course, where selected students manage a portion of the Babson College endowment. The Babson College Fund Office selects undergraduate and graduate students to be analysts and portfolio managers. By learning the basics of security analysis and portfolio management, it is hoped that students will be prepared to take jobs in the Investment Management and Investment Banking industries post-graduation. The Program Director and Executives in Residence are committed to helping this pursuit as much as possible. The course also requires that students refine their networking skills and develop a proficiency in the analytical tools available through the Cutler Center to maximize their employment prospects. Prerequisite: Program Director (Patrick Gregory) Permission

3.00 credits

FIN7573 - INVESTMENT BANKING AND FIN MODELING

INVESTMENT BANKING AND FIN MODELING

FIN 7573 Investment Banking and Financial Modeling (Formerly Investment Banking and Financial Advisory) 3 credit elective The course will provide students with the opportunity to develop a practical understanding of investment banking and the activities performed by various professionals within the industry. The course will explore the history and evolution of the investment banking industry and the role played by investment banks in the broader capital markets and economy. The course will also examine the organizational structure of investment banks and the characteristics and focus of different functional areas within a firm. The course focuses on the practical application of corporate finance concepts to real world situations and activities commonly performed by investment banks on behalf of clients. A heavy emphasis will be placed on the role played by an associate in building complex financial models to help analyze and execute common investment banking transactions such as: Initial Public Offerings, Fairness Opinions, Valuations, Mergers & Acquisitions Advisory, and Leveraged Buy-Outs. As such, the class will utilize case studies involving real companies and there will be a heavy emphasis on the practical financial research and Excel skills necessary to develop and customize such models. LAPTOPS ARE REQUIRED FOR EACH CLASS This course is designed for students interested in careers in investment banking, private equity, sell-side equity research or corporate finance. Prerequisite: FIN7200 or FIN7800 This course is typically offered in the Spring

3.00 credits

FIN7578 - REAL ESTATE DEVELOPMENT

REAL ESTATE DEVELOPMENT

FIN7578 Real Estate Development (1.5 credits) This course examines the process of creating value by modifying real property to a higher and better use. Using real-world examples, students will look at the steps in the real estate development process, including concept creation and refinement, market analysis, feasibility determination, entitlement and approvals, design and construction, capital structures, start up and operations, and harvesting. Students will also consider how to structure the financing of real estate developments. Prerequisites: FIN7565, Real Estate Fundamentals, AND Evening: FIN7000 or MBA8510 or FIN7200 Fast Track: MBA7335 or (ECN7201 and MIS7200) One Year: MBA7210 or FIN7200 Two Year: MBA7320 or FIN7302 or FIN7200

1.50 credits

FIN7580 - INDEPENDENT RESEARCH

INDEPENDENT RESEARCH

FIN7580 Independent Research ******Independent research is available for all academic divisions. Registration is manual for students through Graduate Eform approved by a faculty and Office of Graduate Academic Services****** Independent Research provides an opportunity to conduct in-depth research in areas of a student's own specific interest. Students may undertake Independent Research for academic credit with the approval of a student-selected faculty advisor, the appropriate division chair, and Graduate Academic Services. Please note that a student is responsible for recruiting a faculty advisor through the student's own initiative and obtain the advisor's prior consent/commitment before applying for an independent research project. Authorization for such a project requires submission of a formal proposal written in accordance with standards set forth by the Graduate Academic Services. The research project normally carries 1.5 or 3 credits.

3.00 credits