|
Programs:
Majors: Finance
(options: Business finance; Financial planning and investments; Financial
analysis);
Risk Management and Insurance
Minors: Consumer
Finance;
Finance; Legal Studies in
Business; Risk Management and Insurance
Courses:
BL: Business Law
FIN: Finance
RE: Real Estate
RMI: Risk Management and InsuranceThe Finance and
Insurance Department provides
opportunities to pursue two majors: finance, and risk management and
insurance as well as four departmental minors. Finance majors may choose any
of the following options: business finance, financial planning and
investments, and financial analysis. The department also offers business majors an option to earn a
minor in finance. Non-business majors have an opportunity to earn
minors in
consumer finance or legal studies in business. Students may also pursue a minor in
risk management and
insurance.
Finance examines the creation and
management of wealth. It is especially concerned with the study of raising funds,
deploying funds, and managing liquidity in order to achieve a set of objectives for
individuals and business.
The finance curriculum is designed to
provide the student with an understanding of the mechanisms of financial markets. The
student will gain the analytical and quantitative skills necessary to allocate scarce
financial resources to attain set goals. The student will gain an appreciation of the role
of risky assets in financial markets and how to value such assets. Students will be
trained to use problem-solving skills in corporate finance, management of financial
institutions, managing funds in portfolios, security analysis, and personal financial
planning.
Students are trained to pursue careers
such as financial analysts, investment analysts, bank officers, financial planners, and
executives in for-profit and not-for-profit organizations.
The risk management
and insurance curriculum is designed to
provide the student with an understanding of how risk is managed by
individuals and businesses.
Students are prepared for careers in insurance and risk management. Career opportunities
include underwriters, claim adjusters, agents, and risk managers. Students gain an
understanding of life and health insurance, personal insurance, commercial insurance, insurance law, and risk management.
MAJOR
IN FINANCE, 66 hours
(complete Miller College of Business core, Finance
core and one
option) |
|
|
|
|
| PREFIX |
NO |
SHORT TITLE |
CR HRS |
| Miller College of Business
core, 39 hours |
| ACC |
201 |
Prin Acct 1 |
3 |
|
202 |
Prin Acct 2 |
3 |
| BL |
260 |
Prin Bus Law |
3 |
| ECON |
201 |
Elem Micro |
3 |
|
202 |
Elem Macro |
3 |
|
221 |
Bus Stats |
3 |
| FIN |
300 |
Bus Fin 1 |
3 |
| ISOM |
135 |
Bus I S |
3 |
|
249 |
Fnds Bus Com |
3 |
|
351 |
Op Mgt |
3 |
| MGT |
300 |
Mgt Beh Org |
3 |
|
491 |
Policy Strat |
3 |
| MKG |
300 |
Prin Market |
3 |
|
|
|
______ |
|
|
|
39 hrs |
| Finance Core
(required of all finance majors), 18 hours |
|
| FIN |
301 |
Bus Fin 2 |
3 |
|
310 |
Invest 1 |
3 |
|
311 |
Invest 2 |
3 |
| |
320 |
Fin Mkt 1 |
3 |
| |
321 |
Fin Mkt 2 |
3 |
| |
490 |
Fin Decision |
3 |
|
|
|
|
| Complete one
option |
|
| Business finance option,
9 hours |
|
| FIN |
352 |
Global Fin (3) |
|
|
353 |
Shrt Trm Fin (3) |
|
|
367 |
Prac Fin (3) |
|
| |
369 |
Fin Intern (3 or 6) |
|
|
445 |
Fin Stmt (3) |
|
|
497 |
Indpen Study (3) |
9 |
|
|
|
_____ |
|
|
|
66 hrs |
| Financial planning
and investments option,
9 hours |
|
| ACC |
401 |
Intro to Tax (3) |
|
| BL |
367 |
Estate Plan (3) |
|
| FIN |
367 |
Prac Fin (3) |
|
| |
369 |
Fin Intern (3 or 6) |
|
| RMI |
270 |
Prin R M I (3) |
|
| |
330 |
Emp Benefits (3) |
9 |
|
|
|
______ |
|
|
|
66 hrs |
| Financial
analysis option, 9 hours |
|
| 9 hours from |
|
| Any ACC courses
300 and above |
|
| FIN |
353 |
Shrt Trm Fin (3) |
|
| |
367 |
Prac Fin (3) |
|
| |
369 |
Fin Intern (3 or 6) |
|
| |
445 |
Fin Stmt (3) |
9 |
| |
|
|
_____ |
| |
|
|
66 hrs |
| FIN 369 may
be substituted for coursework in any option with permission of the
chairperson. |
| |
|
|
|
|
To
pursue this program students must have sufficient mathematical
preparation to meet the prerequisite for ECON 221.
A C or better grade in MATHS 135 or its equivalent is the prerequisite for ECON
221.
(MATHS 135 substitutes for the University Core Curriculum
math requirement and serves as the prerequisite course.)
The prerequisite for ISOM 135 is sophomore standing and a
demonstrated proficiency in computer skills.
Proficiency may be demonstrated by examination or credit in
ISOM 125 or CS 104 or its equivalent. |
(back to top)
| MAJOR
IN RISK MANAGEMENT AND INSURANCE, 66 hours |
|
|
|
|
| PREFIX |
NO |
SHORT TITLE |
CR HRS |
| Miller College of Business
core, 39 hours
|
| ACC |
201 |
Prin Acct 1 |
3 |
|
202 |
Prin Acct 2 |
3 |
| BL |
260 |
Prin Bus Law |
3 |
| ECON |
201 |
Elem Micro |
3 |
|
202 |
Elem Macro |
3 |
|
221 |
Bus Stats |
3 |
| FIN |
300 |
Bus Fin 1 |
3 |
| ISOM |
135 |
Bus I S |
3 |
|
249 |
Fnds Bus Com |
3 |
|
351 |
Op Mgt |
3 |
| MGT |
300 |
Mgt Beh Org |
3 |
|
491 |
Policy Strat |
3 |
| MKG |
300 |
Prin Market |
3 |
|
|
|
______ |
|
|
|
39 hrs |
| RMI |
270 |
Prin R M I |
3 |
|
371 |
Life/Health |
3 |
|
377 |
Oper Ins Ent (3) |
|
| |
or |
|
|
| |
330 |
Emp Benefits (3) |
3 |
|
378 |
Commercial |
3 |
|
474 |
Seminar RMI |
3 |
|
12 hours from |
|
| RMI |
330 |
Emp Benefits (3) |
|
| |
369 |
Intern R M I (3-6) |
|
| |
377 |
Oper Ins Ent (3) |
|
| |
473 |
Ins Law (3) |
|
| |
497 |
Indpen Study (1-6) |
|
| ACC |
306 |
Int Mgt Acct (3) |
|
| |
401 |
Intro to Tax (3) |
|
| BL |
367 |
Estate Plan (3) |
|
| ECON |
348 |
Health Econ (3) |
|
| FIN |
301 |
Bus Fin 2 (3) |
|
| |
310 |
Invest 1 (3) |
|
| |
311 |
Invest 2 (3) |
|
|
320 |
Fin Mkt 1 (3) |
|
|
321 |
Fin Mkt 2 (3) |
|
| |
352 |
Global Fin (3) |
|
| |
353 |
Shrt Trm Fin (3) |
|
| |
367 |
Prac Fin (3) |
|
| |
369 |
Fin Intern (3 or 6) |
|
| |
445 |
Fin Stmt (3) |
|
| |
490 |
Fin Decision (3) |
|
| MKG |
325 |
Prof Selling (3) |
|
|
425 |
Adv Selling (3) |
|
|
429 |
Sales Tech (3) |
|
| MGT |
301 |
Intrnalt Mgt (3) |
|
|
341 |
Intro
Entr (3) |
|
| ISOM |
341 |
Bus Mgl Comm (3) |
12 |
|
|
|
______ |
|
|
|
66 hrs |
| To
pursue this program students must have sufficient mathematical
preparation to meet the prerequisite for ECON 221.
A C or better grade in MATHS 135 or its equivalent is the prerequisite for ECON
221. (MATHS 135
substitutes for the University Core Curriculum math requirement
and serves as the prerequisite course.)
The prerequisite for ISOM 135 is sophomore standing and a
demonstrated proficiency in computer skills.
Proficiency may be demonstrated by examination or credit in
ISOM 125 or CS 104 or its equivalent.
|
| See the
Miller College of Business for the major
in business administration. |
(back to top)
| MINOR IN CONSUMER FINANCE, 15 hours |
|
| Open to
all non-business majors. Not open to students with minors in
business information technology, entrepreneurship, foundations of
business, foundations of management, legal studies in business,
marketing, professional selling, or risk management and insurance. |
|
|
|
|
| PREFIX |
NO |
SHORT TITLE |
CR HRS |
| FIN |
110 |
Per Finance |
3 |
|
255 |
Intro Fin In |
3 |
| RE |
230 |
Real Estate |
3 |
| RMI |
270 |
Prin R M I |
3 |
| BL |
160 |
Consumer Law |
3 |
|
|
|
______ |
|
|
|
15 hrs |
(back to top)
| MINOR
IN FINANCE, 15 hours |
|
| Open only to
Miller College of Business
majors except those majoring in finance. |
|
|
|
|
| PREFIX |
NO |
SHORT TITLE |
CR HRS |
| FIN |
301 |
Bus Fin 2 |
3 |
|
310 |
Invest 1 |
3 |
|
320 |
Fin Mkt 1 |
3 |
| 6 hours from |
|
| FIN |
311 |
Invest 2 (3) |
|
|
321 |
Fin Mkt 2 (3) |
|
|
352 |
Global Fin (3) |
|
|
353 |
Shrt
Trm Fin (3) |
|
|
369 |
Fin Intern (3) |
|
|
445 |
Fin Stmt (3) |
|
| |
490 |
Fin Decision (3) |
6 |
|
|
|
______ |
|
|
|
15 hrs |
(back to top)
MINOR IN
LEGAL STUDIES IN BUSINESS,
18 hours |
|
| PREFIX |
NO |
SHORT TITLE |
CR HRS |
| BL |
260 |
Prin Bus Law |
3 |
|
363 |
Uni Code Law |
3 |
| RMI |
270 |
Prin R M I |
3 |
| 9 hours from |
|
| BL |
362 |
Lw Bus Assoc (3) |
|
|
367 |
Estate Plan (3) |
|
| ECON |
346 |
Law Econ (3) |
|
| POLS |
347 |
Env Law Poly (3) |
|
| RE |
230 |
Real Estate (3) |
|
|
332 |
Legal Asp RE (3) |
|
| RMI |
473 |
Ins Law (3) |
9 |
|
|
|
_____ |
|
|
|
18 hrs |
| Open to
both business and non-business majors except those minoring in
business information technology, consumer finance, entrepreneurship,
foundations of business, foundations of management, marketing,
professional selling, or risk management and insurance. |
(back to top)
| MINOR
IN RISK MANAGEMENT AND INSURANCE, 18 hours |
|
|
|
|
|
| Option 1,
18 hours |
| Open only to
Miller College of Business (except those majoring in risk
management and insurance) and actuarial science majors. |
| PREFIX |
NO |
SHORT TITLE |
CR HRS |
| RMI |
270 |
Prin R M I |
3 |
| BL |
260 |
Prin Bus Law |
3 |
| 12 hours from |
|
| RMI |
369 |
Intern R M I (3) |
|
|
371 |
Life/Health (3) |
|
|
377 |
Oper Ins Ent (3) |
|
|
378 |
Commercial (3) |
|
|
473 |
Ins Law (3) |
|
|
497 |
Indpen Study (3) |
12 |
|
|
|
______ |
|
|
|
18 hrs |
| Option 2,
18 hours |
|
|
Open
to non-business majors except those
minoring in business information technology, consumer finance, entrepreneurship,
foundations
of business, foundations of management, legal studies in business,
marketing, or professional selling.
|
|
|
|
|
|
| RMI |
270 |
Prin R M I |
3 |
| BL |
260 |
Prin Bus Law |
3 |
| FIN |
110 |
Pers Finance (3) |
|
|
or |
|
|
|
255 |
Intro Fin In (3) |
3 |
| 9 hours from |
|
| RMI |
369 |
Intern R M I (3) |
|
|
371 |
Life/Health (3) |
|
|
378 |
Commercial (3) |
|
|
473 |
Ins Law (3) |
9 |
|
|
|
______ |
|
|
|
18 hrs |
COURSES:
BUSINESS LAW (BL)
160 Law of Personal
Finance. (3)
Examines the law affecting a person's everyday financial dealings and legal disputes,
including topics such as consumer rights, legal liability, employee rights, personal
bankruptcy, debtor-creditor rights, basis of property ownership, and landlord-tenant
disputes.
260 Principles of
Business Law. (3)
The nature, role, structure, and historical development of the legal system. The essential
elements of legal liability, contracts, and government regulation of business. Law,
ethics, and commercial relations that constitute the legal environment of business.
362 The Law of Business
Associations. (3)
The principles of business law applicable to agencies including employer and employee
rights and obligations, partnerships including limited partnership, corporations including
fiduciary obligations of directors, security regulations, bankruptcy, and corporate
reorganization in bankruptcy.
Prerequisite: BL 260.
363 Uniform Commercial Code Law. (3)
Principal articles of the code including sales, commercial paper, and security interests,
in addition to creditors' rights and property law. Includes state and federal consumer
protection laws as they affect commercial law.
Prerequisite: BL 260.
367 Estate Planning and Administration. (3)
An introduction to problems associated with planning of financial resources during working
life, retirement, and after the death of the principal income producer. Included are
techniques for fact gathering, tax principles, use of trusts, and will drafting.
Prerequisite: BL 260.
497 Independent Study in
Business Law. (1-6)
An opportunity for students with superior scholastic records to study some special phase
of business law. The topic selected, methods of study, and credit hours allowed must be
approved by the department chairperson.
Prerequisite: permission of the department chairperson.
A total of 6 hours of credit may be earned.
(back to top)
FINANCE (FIN)
110 Personal Finance.
(3)
The fundamental principles of general business and related economic concepts are
considered from the consumer's point of view. Some of the topics studied are consumer
buying and the use of credit, banking, insurance, investment, budgeting, and taxation.
Not open to juniors and seniors majoring in business.
255 Introduction to Financial Investments. (3)
Topics include financial markets and investment alternatives such as stocks, bonds,
convertible securities, mutual funds, options, and futures. Market indexes (Dow Jones,
etc.), market practices and timing, sources of financial data, and investing in an
international environment will be discussed.
Not open to juniors and seniors majoring in business.
299X Experimental/Developmental Topics.
(1-6)
Topics relevant to the discipline. Course titles will be announced before each semester.
A total of 6 hours of credit may be earned.
300 (350) Principles of Finance 1. (3)
Miller College students study financial decision making in a business.
The managers decision to invest (capital budgeting), finance (cost of
capital), manage on a daily basis (working capital management), and
long-term planning is the focus.
Prerequisite: ACC 202; ECON 202, 221; junior standing.
301 (354) Principles of Finance 2. (3)
Examines advanced topics in business finance. Topics include valuation,
capital budgeting, finance (cost of capital), manage on a daily basis
(working capital management), and long-term planning.
Prerequisite: FIN 300.
310 (355) Principles of Investments 1. (3)
Introduces the workings of the stock market. Financial investments:
stocks and bonds; futures and options; mutual funds are studied.
Security analysis and principles of diversification are examined.
Prerequisite or parallel: FIN 300.
311 (459) Principles of Investments 2. (3)
Advanced topics in investments include: capital market and portfolio
theories, portfolio selection and analysis, and derivative instruments.
Prerequisite: FIN 300, 310.
320 (356) Financial Markets 1. (3)
The U.S. financial system is examined. The role of intermediaries in the
saving and lending process, the ensuing need for regulation locally and
globally is the focus. Prerequisite or parallel: FIN 300; may
also be taken concurrently with FIN 310.
321 (461) Financial Markets 2. (3)
Topics include: local and global financial markets; term structure of
interest rates, and the management of financial institutions.
Prerequisite: FIN 300, 320.
352 Global Finance. (3)
Financial problems and opportunities that confront the management of
global firms. Sources and instruments of global finance, import and
export financing, interrelationship of governmental and global agencies,
and the current status of some.
Prerequisite: FIN 300.
353 Short-Term Financial Management. (3)
Topics include treasury (and banking) functions such as: cash accounting
cycle, check clearing and float, electronic (ACH) payments, accounts
receivable and collections, disbursements and accounts payable, paper
versus electronic commerce, treasury MIS software, short-term borrowing
and investing, and bank relationship management.
Prerequisite: FIN 300.
367 Practicum in Finance. (3)
A unique and practical educational experience designed for students with
interests in investment management. Students will manage a portfolio and
will be responsible for security selection, risk management, and
designing the strategy that will drive the fund’s performance. A maximum
of 3 credit hours will count as elective credit on the Finance major.
Prerequisite: a grade-point average of 3.0; FIN 300; permission
of the instructor.
A total of 6 hours of credit may be earned, but no more than 3 in any
one semester or term.
369 Internship in Finance. (3 or 6)
Professional practice during a summer or semester as an intern in an approved program with
a banking institution, business firm, or government agency for pay under the supervision
of the finance department. Requires periodic written reports of job experience.
Prerequisite: FIN 300; second-semester junior or senior standing; permission of the department
chairperson.
A total of 6 hours of credit may be earned.
445 Financial Statement Analysis. (3)
Provides a conceptual framework for financial statement and business
analysis and examines the valuation fundamentals of a business. Students
will use the theory and develop their ability to work with cases and
applied problems. Topics such as evaluation of business entities will be
covered.
Prerequisite: FIN 301.
490 (460) Decision Making in Finance.
(3)
Capstone course focuses on decision making in businesses, institutions,
and wealth creation and management. Primarily a case class.
Prerequisite: FIN 301, 311, 321.
497 Independent Study in Finance. (3)
Designed for academically qualified students who want to study some
phase of finance. An intensive individualized program of reading,
researching, or analyzing various finance topics under the guidance of a
faculty member.
Prerequisite: FIN 301, 311, 321; senior standing; permission of
the department chairperson.
(back to top)
REAL ESTATE (RE)
230 Real Estate
Principles. (3)
Economic import of real estate, real estate characteristics, land-use and environmental
controls, legal concerns of real estate, methods of valuation, mortgage credit sources,
secondary mortgage markets and financing techniques, investment analysis, land
development, and real estate operations.
Prerequisite: completion of general studies math requirement or permission of the
instructor.
331
Real Estate Construction Law and Finance. (3)
The financial and legal implication of the contracts used in real
estate construction and development.
Examines contracts, techniques, and strategies in the
construction and financing of real estate development projects; and
the role of banks, bonding, and mortgage markets.
Gives students an introduction to real estate law and finance
important to real estate construction and development projects.
Not open to students who have credit in ITCST 420.
332 Legal Aspects of Real Estate. (3)
Elementary concepts of real estate law and practice, particularly in the state of Indiana.
Other topics include estates, property, leaseholds and ownerships, easements, transfers,
escrows, contracts, zoning, brokers' regulations, license law, and title insurance.
369 Internship in Real Estate.
(1-6)
Professional practice during a summer or semester as an intern in an approved program in
the real estate industry or government agency for pay under the supervision of the finance
department. Requires periodic written reports of job experience.
Prerequisite: permission of the department chairperson.
A total of 6 hours of credit may be earned.
497 Independent Study in
Real Estate. (3)
Designed for the academically qualified who wish to study some phase of real estate.
Intensive individualized program of reading, research, or analysis of various real estate
topics under the guidance of a faculty member.
Prerequisite: permission of the department chairperson.
(back to top)
RISK MANAGEMENT AND INSURANCE
(RMI)
270 Principles of Risk Management
and Insurance. (3)
An analysis of the risk management process, individual and
business property and liability loss exposures, social insurance
programs, and effective use of financial planning products such as
pension plans and life, health, and disability insurance.
330 Employee Benefits and Retirement Planning.
(3)
The design, management, and financing of employee benefit plans. Topics
include group life, group health, group disability, Social Security, and
retirement plans. The implications for employers and employees, public
and private approach to providing benefits, and regulatory and tax
issues will be examined.
369 Internship in Risk Management and
Insurance. (3-6) Professional practice during the summer or semester
as an intern in an approved program in risk management or insurance
under the supervision of the risk management and insurance faculty.
Prerequisite: permission of the risk management and insurance
faculty.
A total of 6 hours of credit may be earned.
371 Life and Health Insurance. (3)
A study of important methods of handling loss of income risks affecting
individuals. Life and health insurance, disability income, and annuities
will be examined. Business uses of life and health insurance and
disability income insurance will also be analyzed.
Prerequisite recommended: RMI 270.
377 Operations of Insurance
Enterprises. (3)
The study of the decision making of insurers and consulting firms in
areas such as pricing, underwriting, reinsurance, distribution, and
loss control.
Prerequisite recommended: RMI 270.
378 Commercial Risk Management and
Insurance. (3)
A study of appropriate risk control techniques, noninsurance risk
transfer techniques, and insurance as tools of risk management for
commercial property, liability, marine, auto, and workers compensation
exposures.
Prerequisite recommended: RMI 270.
473 Insurance Law. (3)
The law as it is applied to the insurance industry emphasizing the
law of torts as the foundation of the insurer’s liability, the law
of contracts and agency as applied to the policy, and government
regulation of insurance.
Prerequisite: RMI 270; BL 260.
474 Seminar in Risk Management and
Insurance. (3) Designed to meet the needs of the advanced student
for study of current topics and problems in any risk management or
insurance area.
Prerequisite: RMI 270, 378.
497 Independent Study in Risk
Management and Insurance. (1-6)
Designed for academically qualified students who want to study
some phase of risk management and insurance. An individualized program
of reading, research, or analyzing various risk management and
insurance topics under the guidance of a faculty member.
Prerequisite: permission of the RMI faculty.
A total of 6 hours of credit may be earned.
(back to top)
|
|
