Subject: MSFI

Term: Fall 2018

MSFI 401: Financial Orientation (100/5317)

F 09:00-12:00 PM Aug 17-Aug 17, F 01:00-04:00 PM Aug 17-Aug 17, M 09:00-12:00 PM Aug 20-Aug 20, M 01:00-04:00 PM Aug 20-Aug 20, T 09:00-12:00 PM Aug 21-Aug 21, T 01:00-04:00 PM Aug 21-Aug 21, R 01:00-03:00 PM Aug 23-Aug 23, R 03:15-05:15 PM Aug 23-Aug 23

Keeler, M; Krishnan, C; Madureira, L; Rausche, A

This is a mandatory preparatory/refresher course for all entering MSM-Finance students. It will cover several basic topics in statistics, financial accounting and in financial management, so that all students can hit the road running with the other MSM-Finance core courses in the first semester.

MSFI 401: Financial Orientation (101/5318)

F 09:00-12:00 PM Aug 17-Aug 17, F 01:00-04:00 PM Aug 17-Aug 17, M 09:00-12:00 PM Aug 20-Aug 20, M 01:00-04:00 PM Aug 20-Aug 20, T 09:00-12:00 PM Aug 21-Aug 21, T 01:00-04:00 PM Aug 21-Aug 21, R 01:00-03:00 PM Aug 23-Aug 23, R 03:15-05:15 PM Aug 23-Aug 23

Krishnan, C; Madureira, L; Rausche, A

This is a mandatory preparatory/refresher course for all entering MSM-Finance students. It will cover several basic topics in statistics, financial accounting and in financial management, so that all students can hit the road running with the other MSM-Finance core courses in the first semester.

MSFI 401: Financial Orientation (102/11243)

F 09:00-12:00 PM Aug 17-Aug 17, F 01:00-04:00 PM Aug 17-Aug 17, M 09:00-12:00 PM Aug 20-Aug 20, M 01:00-04:00 PM Aug 20-Aug 20, T 09:00-12:00 PM Aug 21-Aug 21, T 01:00-04:00 PM Aug 21-Aug 21, R 01:00-03:00 PM Aug 23-Aug 23, R 03:15-05:15 PM Aug 23-Aug 23

Krishnan, C; Madureira, L; Rausche, A

This is a mandatory preparatory/refresher course for all entering MSM-Finance students. It will cover several basic topics in statistics, financial accounting and in financial management, so that all students can hit the road running with the other MSM-Finance core courses in the first semester.

MSFI 404: Financial Modeling (100/5239)

M 09:00-11:45 AM Aug 27-Dec 10

Petkova, R

This is a course about financial modeling. It covers a range of topics in the field of financial economics. Each topic is chosen because it lends itself to financial modeling. The primary focus of the course is to relate the theory of finance to practical and usable spreadsheet models that will assist a financial manager with a firm's investment and financing decisions. Spreadsheet models have been the dominant vehicle for finance professionals to practice their trade. This course will utilize Excel and challenge the student to improve their finance and modeling skills. Students will improve their familiarity with financial data analysis through various exercises that incorporate completed models. In summary, the course is designed to increase your practical understanding of core concepts in finance, help you develop hands-on spreadsheet modeling skills, and strengthen your ability to perform financial data analysis within an Excel model.

MSFI 404: Financial Modeling (101/5240)

M 12:00-02:45 PM Aug 27-Dec 10

Petkova, R

This is a course about financial modeling. It covers a range of topics in the field of financial economics. Each topic is chosen because it lends itself to financial modeling. The primary focus of the course is to relate the theory of finance to practical and usable spreadsheet models that will assist a financial manager with a firm's investment and financing decisions. Spreadsheet models have been the dominant vehicle for finance professionals to practice their trade. This course will utilize Excel and challenge the student to improve their finance and modeling skills. Students will improve their familiarity with financial data analysis through various exercises that incorporate completed models. In summary, the course is designed to increase your practical understanding of core concepts in finance, help you develop hands-on spreadsheet modeling skills, and strengthen your ability to perform financial data analysis within an Excel model.

MSFI 404: Financial Modeling (102/5301)

W 09:00-11:45 AM Aug 27-Dec 10

Petkova, R

This is a course about financial modeling. It covers a range of topics in the field of financial economics. Each topic is chosen because it lends itself to financial modeling. The primary focus of the course is to relate the theory of finance to practical and usable spreadsheet models that will assist a financial manager with a firm's investment and financing decisions. Spreadsheet models have been the dominant vehicle for finance professionals to practice their trade. This course will utilize Excel and challenge the student to improve their finance and modeling skills. Students will improve their familiarity with financial data analysis through various exercises that incorporate completed models. In summary, the course is designed to increase your practical understanding of core concepts in finance, help you develop hands-on spreadsheet modeling skills, and strengthen your ability to perform financial data analysis within an Excel model.

MSFI 421: Corporate Financial Analysis (100/5235)

TR 08:30-09:45 AM Aug 27-Oct 11, TR 08:30-09:45 AM Oct 16-Dec 10

Krishnan, C; Ramachandran, L

This course is designed to lay the analytic foundation for careers in corporate finance, banking, consulting, and investment banking. The objective of the course is to strengthen students' conceptual understanding and problem-solving skills, and teach them how to think on their feet. Topics covered include Economic cash flows and valuation, Valuation methods, Long term financial planning and ratios analysis, Growth and external financing, Managerial options and valuation, Capital structure, and Payout policy. Topics covered may change from semester to semester. The course envisages use of spreadsheets and case studies, and will emphasize on links to real-world events.

MSFI 421: Corporate Financial Analysis (101/5303)

TR 10:00-11:15 AM Aug 27-Oct 11, TR 10:00-11:15 AM Oct 16-Dec 10

Krishnan, C; Ramachandran, L

This course is designed to lay the analytic foundation for careers in corporate finance, banking, consulting, and investment banking. The objective of the course is to strengthen students' conceptual understanding and problem-solving skills, and teach them how to think on their feet. Topics covered include Economic cash flows and valuation, Valuation methods, Long term financial planning and ratios analysis, Growth and external financing, Managerial options and valuation, Capital structure, and Payout policy. Topics covered may change from semester to semester. The course envisages use of spreadsheets and case studies, and will emphasize on links to real-world events.

MSFI 421: Corporate Financial Analysis (102/11244)

TR 01:00-02:15 PM Aug 27-Oct 11, TR 01:00-02:15 PM Oct 16-Dec 10

Krishnan, C; Ramachandran, L

This course is designed to lay the analytic foundation for careers in corporate finance, banking, consulting, and investment banking. The objective of the course is to strengthen students' conceptual understanding and problem-solving skills, and teach them how to think on their feet. Topics covered include Economic cash flows and valuation, Valuation methods, Long term financial planning and ratios analysis, Growth and external financing, Managerial options and valuation, Capital structure, and Payout policy. Topics covered may change from semester to semester. The course envisages use of spreadsheets and case studies, and will emphasize on links to real-world events.

MSFI 428: Financial Strategy and Value Creation (100/5332)

W 03:00-05:45 PM Aug 27-Dec 10

Fine, S

The intersection between the theory of perfect markets and the reality of market imperfections provides the basis for the exploration of value creation in this course. Opportunities in both product and financial markets are explored using case studies to develop a framework for strategic financial decisions.

MSFI 430: Derivatives and Risk Management (100/5227)

T 03:00-05:45 PM Aug 27-Dec 10

Ritchken, P

This course is intended to give students an understanding of options and futures markets both in theory and practice. The emphasis is on arbitrage and hedging. The course concentrates on listed common stock and index contracts as well as commodity markets. Various theories for trading strategies are studied.

MSFI 430: Derivatives and Risk Management (101/5237)

T 06:00-08:30 PM Aug 27-Dec 10

Ritchken, P

This course is intended to give students an understanding of options and futures markets both in theory and practice. The emphasis is on arbitrage and hedging. The course concentrates on listed common stock and index contracts as well as commodity markets. Various theories for trading strategies are studied.

MSFI 430: Derivatives and Risk Management (102/11231)

T 08:30-11:15 AM Aug 27-Dec 10

Ritchken, P

This course is intended to give students an understanding of options and futures markets both in theory and practice. The emphasis is on arbitrage and hedging. The course concentrates on listed common stock and index contracts as well as commodity markets. Various theories for trading strategies are studied.

MSFI 434: Financial Analytics and Banking (100/5433)

M 09:00-11:45 AM Aug 27-Dec 10

Balasubramanyan, L

This course will cover empirical and analytical aspects of banking, including loan origination, syndication, sales, stress-testing and securitization; capital adequacy, regulation and supervision; methods of measuring and managing value at risk, credit risk, interest rate risk, liquidity risk, and other risk; credit market information, feedback, and signaling. Offered as BAFI 434 and MSFI 434.

MSFI 435: Empirical Finance (100/5304)

W 08:30-11:15 AM Aug 27-Dec 10

Madureira, L

MSFI 435 provides an introduction to empirical analysis and research in finance. This involves the management of empirical datasets and the aspects of quantitative applications of finance theory. The goal is to enable the student to deal with the need to analyze complex and large financial and economic datasets that is present in many fields of the financial profession. The scope of the data as well as the quantitative methods used in such analysis often requires familiarity with robust computational environments and statistical packages. As such, another goal of the course is to familiarize the student with at least one such environment. Applications are conducted using real financial and economic data. The course draws on the theoretical aspects of the subjects covered, but mainly focuses on the practical matters required to undertake an empirical analysis of financial topics--e.g., the definition of the research question, the datasets required, the computational needs, and, then, the implementation. The course enables the student to evaluate outstanding financial research as well as to conduct his or her own research.

MSFI 435: Empirical Finance (101/5305)

W 12:00-02:45 PM Aug 27-Dec 10

Madureira, L

MSFI 435 provides an introduction to empirical analysis and research in finance. This involves the management of empirical datasets and the aspects of quantitative applications of finance theory. The goal is to enable the student to deal with the need to analyze complex and large financial and economic datasets that is present in many fields of the financial profession. The scope of the data as well as the quantitative methods used in such analysis often requires familiarity with robust computational environments and statistical packages. As such, another goal of the course is to familiarize the student with at least one such environment. Applications are conducted using real financial and economic data. The course draws on the theoretical aspects of the subjects covered, but mainly focuses on the practical matters required to undertake an empirical analysis of financial topics--e.g., the definition of the research question, the datasets required, the computational needs, and, then, the implementation. The course enables the student to evaluate outstanding financial research as well as to conduct his or her own research.

MSFI 435: Empirical Finance (102/11230)

W 06:00-08:45 PM Aug 27-Dec 10

Madureira, L

MSFI 435 provides an introduction to empirical analysis and research in finance. This involves the management of empirical datasets and the aspects of quantitative applications of finance theory. The goal is to enable the student to deal with the need to analyze complex and large financial and economic datasets that is present in many fields of the financial profession. The scope of the data as well as the quantitative methods used in such analysis often requires familiarity with robust computational environments and statistical packages. As such, another goal of the course is to familiarize the student with at least one such environment. Applications are conducted using real financial and economic data. The course draws on the theoretical aspects of the subjects covered, but mainly focuses on the practical matters required to undertake an empirical analysis of financial topics--e.g., the definition of the research question, the datasets required, the computational needs, and, then, the implementation. The course enables the student to evaluate outstanding financial research as well as to conduct his or her own research.

MSFI 436A: Individual, Team and Career Development (100/5242)

F 09:00-11:15 AM Aug 31-Aug 31, F 09:00-11:15 AM Sep 14-Sep 14, F 09:00-11:15 AM Oct 26-Oct 26, F 09:00-11:15 AM Nov 09-Nov 09

Chaudhari, H; Keeler, M; Rausche, A

Please check with Marybeth Keeler to see if you need to attend a SELP Seminar and/or a Speaker Session.

MSFI 436A: Individual, Team and Career Development (101/5316)

F 12:00-02:15 PM Aug 31-Aug 31, F 09:00-11:15 AM Sep 21-Sep 21, F 09:00-11:15 AM Nov 02-Nov 02, F 09:00-11:15 AM Nov 16-Nov 16

Chaudhari, H; Keeler, M; Rausche, A

Please check with Marybeth Keeler to see if you need to attend a SELP Seminar and/or a Speaker Session.

MSFI 436A: Individual, Team and Career Development (102/11233)

F 02:30-04:45 PM Aug 31-Aug 31, F 12:00-02:15 PM Nov 02-Nov 02, F 12:00-02:15 PM Sep 21-Sep 21, F 12:00-02:15 PM Nov 16-Nov 16

Chaudhari, H; Keeler, M; Rausche, A

This course is designed to focus on three areas of development critical to students' personal and professional success: 1) Individual; 2) Team; and 3) Career. The individual and team aspects include developing self and other awareness through exploration of learning styles, process skills, and building communication and presentation competencies. Career development includes a focus on strategies for success such as networking, resume building, and learning from executives through intensive and interactive seminars. The course involves use of assessments, group discussions, presentations and experiential activities.

MSFI 440: Financial Decisions, Contracting & Value (100/5276)

WF 09:00-10:15 AM Aug 27-Dec 10

Krishnan, C

The firm is a nexus of contracts among its various stakeholders (managers, shareholders, debt holders etc.). In this course, we will examine how value is created, and how real world conflicts between the various stakeholders of a firm lead to deviations from "perfect world" solutions. For instance, you may have learned in basic corporate finance courses that it is optimal to invest in positive NPV projects. Real-world conflicts can make it sub-optimal for shareholders do so. We will examine such issues and ways to mitigate them. In particular, we will examine Valuation, Asymmetric Information, Agency Cost, Incentive Contracts and Performance Metrics, and, time permitting, also discuss Regulation, Reputation and the role of certifiers and the economic crises. The takeaway learnings from this course are: (a) Understanding how Value can be created or destroyed, (b) Measuring Value, (c) Understanding the links between capital structure and: asymmetric information, market reactions and signaling, agency and management incentives, taxes, shareholder-bondholder conflicts etc., (d) Understanding the links between payout policy and: informational content, market reaction, stock returns and signaling, clientele effects etc., and (e) Understanding the need for and the design of incentive mechanisms. Case studies will be used to reinforce learning. We will emphasize on links to real-world events.

MSFI 450: Mergers and Acquisitions (101/5431)

M 03:00-05:45 PM Aug 27-Dec 10

Fine, S

This course examines the economic rationale and motivation for the different merger and acquisition and recapitalization activity undertaken by firms and individuals in the U.S. market. Emphasis is on the different three (3) methods of valuing a firm, the various forms of debt and equity capital employed to fund mergers and acquisitions and recapitalizations, how lenders and investors structure their loans and/or investments, and how investors realize the gains through different exit strategies. The course gives the student an excellent understanding of the role that senior commercial banks, insurance companies, pensions funds, LBO funds, investment banking firms, and venture/growth capital investors play in mergers and acquisitions.

MSFI 460: Investment Strategies (100/5355)

W 12:00-02:45 PM Aug 27-Dec 10

Petkova, R

This course provides a broad survey of some of the main strategies used by hedge funds today. Through exercises and projects, the hedge fund strategies will be presented using real data. Students will learn to use a methodology referred to as "back testing" in order to evaluate hedge fund strategies. The course will also cover institutional details related to short selling, liquidity, margin requirements, risk management, and performance measurement. Since hedge funds today use advanced modeling techniques, the course will require students to analyze and manipulate real data using mathematical modeling. The objective of the course is for students to gain practical knowledge about creating, back-testing, and implementing hedge fund trading strategies. Offered as BAFI 460 and MSFI 460.

MSFI 471: Applications in Financial Big Data (100/5358)

M 12:00-02:45 PM Aug 27-Aug 27, F 12:30-03:10 PM Sep 07-Sep 07, M 12:00-02:45 PM Sep 17-Dec 10

Wang, L

This course is project-based and focused on solving real-life problems using financial big data. Groups of students will collect/use data, estimate parameters, and conduct appropriate validation tests. Not only do the members have to work together, but they also have to be professional, make interim reports, and communicate effectively with each other.

MSFI 490: Cases in Applied Corporate Valuation (100/5249)

M 03:00-05:45 PM Aug 27-Dec 10

Fine, S

Only open to MSM finance students

MSFI 491: Python Programming w Appl in Finance (100/5250)

R 08:30-11:15 AM Aug 30-Oct 11, R 03:00-05:45 PM Oct 18-Dec 06

Ritchken, P

enrollment restricted to MSM Finance students.

MSFI 491: Python Programming w Appl in Finance (101/10734)

R 08:30-11:15 AM Aug 30-Oct 11, R 08:30-11:15 AM Oct 18-Dec 06

Ritchken, P

There are two parts to this course. (i) In the first part we learn the basics of Python programming language by solving a sequence of rather simple problems each focusing on broadening your knowledge. At each stage we introduce important commands of Python and slowly learn the structure of object oriented programming with Python. The objective is to make you Python literate. (ii) The second part of the class is for you to tackle significant financial problems either in risk management or in corporate finance using the Python language as the primary tool to do the analysis. You will develop a series of financial models in your track and then tackle two major projects which will utilize all the skills developed. Offered as BAFI 491 and MSFI 491.