Department of Finance

College of Business Administration
Department of Finance
404 Business Administration Building
Kent Campus
330-672-2426
finance@kent.edu
www.kent.edu/business/finance


Undergraduate Programs

Minors

Department of Finance Faculty

  • Baran, Lindsay C. (2011), Assistant Professor, Ph.D., University of North Carolina-Charlotte, 2010
  • Beier, Lois J. (1985), Associate Professor, J.D., University of Akron, 1980
  • Dennis, Steven A. (2014), Professor and Department Chair, Ph.D., University of Kentucky, 1993
  • Dumpe, David A. (1991), Associate Professor, Ph.D., Kent State University, 1996
  • Muthuswamy, Jayaram (2007), Associate Professor, Ph.D., University of Chicago, 1990
  • Pu, Xiaoling X. (2008), Associate Professor, Ph.D., University of Massachusetts-Amherst, 2008
  • Shynkevich, Andrei (2009), Associate Professor, Ph.D., Louisiana State University, 2009
  • Thornton, John H. (1999), Associate Professor, Ph.D., Georgia State University, 1999
  • Via, Marc (2014), Assistant Professor, Ph.D., University of Alabama, 2014

Finance (FIN)

FIN 26074     LEGAL ENVIRONMENT OF BUSINESS      3 Credit Hours

(Equivalent to BMRT 21000) Coverage of the nature, structure and significance of the legal and regulatory areas which confront business, with special emphasis on business ethics environmental and international issues.

Prerequisite: sophomore standing.

Schedule Type: Lecture

Contact Hours: 3 lecture

Grade Mode: Standard Letter

Attributes: TAG Business

FIN 26085     INTRODUCTION TO FINANCIAL MODELING      1 Credit Hour

Introduces students to financial modeling using both basic and advanced features in Microsoft Excel. Students will learn how to create and analyze databases for portfolios and other projects. Students will learn commands for statistical analysis and financial functions.

Prerequisite: a cumulative 2.500 GPA; and MIS 24053.

Schedule Type: Lecture

Contact Hours: 1 lecture

Grade Mode: Standard Letter

FIN 36040     PERSONAL FINANCIAL PLANNING      3 Credit Hours

This course examines basic personal financial planning and investment strategies with the goal of increasing personal financial literacy and future individual well-being. The course provides a foundation for understanding financial decisions and making informed choices. Does not fulfill a requirement leading to a Finance (FIN) major or minor. Students cannot earn graduation credit for both FIN 36040 and FIN 36063.

Prerequisite: cumulative 2.500 GPA; and junior status.

Schedule Type: Lecture

Contact Hours: 3 lecture

Grade Mode: Standard Letter

FIN 36051     THE FINANCIAL SYSTEM      3 Credit Hours

Analysis of financial markets and institutions emphasizing current issues, regulatory aspects, and management concerns. This is a fundamental course for business majors and minors.

Prerequisite: Minimum 2.500 overall GPA; and ACCT 23020 or ACTT 11000; and ECON 22060 or HONR 21197.

Schedule Type: Lecture

Contact Hours: 3 lecture

Grade Mode: Standard Letter

FIN 36053     BUSINESS FINANCE      3 Credit Hours

Introductory finance course analyzing the basic financial decisions of corporations and the interface of the firm with capital markets. Students discuss stocks, bonds, the time value of money, risk versus return and the essentials of capital budgeting.

Prerequisite: Minimum 2.500 overall GPA; and ACCT 23020 or ACTT 11000; and ECON 22060 or HONR 21197; and ECON 22061.

Schedule Type: Lecture

Contact Hours: 3 lecture

Grade Mode: Standard Letter

FIN 36054     INTERMEDIATE CORPORATE FINANCE      3 Credit Hours

Treatment of financial decision making processes in businesses. Overview of cost of capital, capital budgeting, capital structure, and working capital management.

Prerequisite: cumulative 2.500 GPA; and Finance (FIN) major or minor; and minimum C (2.000) grade in FIN 36053, ENG 21011 (or HONR 10297), COMM 15000 and MATH 11010 (or MATH 10774 or MATH 10775).

Schedule Type: Lecture

Contact Hours: 3 lecture

Grade Mode: Standard Letter

FIN 36059     INTERMEDIATE INVESTMENTS      3 Credit Hours

Discussion of factors determining the value of investment securities with attention to economic, regulatory, and global influences. Either this course or FIN 36063, but not both, can count as an elective in a College of Business Administration program.

Prerequisite: cumulative 2.500 GPA; and Finance (FIN) major or minor; and a minimum C (2.000) grade in FIN 36053, ENG 21011 (or HONR 10297), COMM 15000 and MATH 11010 (or MATH 10774 or MATH 10775).

Schedule Type: Lecture

Contact Hours: 3 lecture

Grade Mode: Standard Letter

FIN 36061     PRINCIPLES OF REAL ESTATE      3 Credit Hours

Principles and practices of real estate, real estate laws, contractual instruments, valuation, financing and markets in commercial and residential real estate.

Prerequisite: cumulative 2.500 GPA; and Finance (FIN) major or minor; and a minimum C grade in FIN 36053.

Schedule Type: Lecture

Contact Hours: 3 lecture

Grade Mode: Standard Letter

FIN 36063     INDIVIDUAL INVESTMENT STRATEGIES      3 Credit Hours

The course examines more advanced strategies for personal investing in stocks, bonds, insurance, real estate, and alternative investments. Not open to Finance majors or minors; does not fulfill a requirement leading to a Finance (FIN) major or minor. Students cannot earn graduation credit for both FIN 36040 and FIN 36063. Not open to Finance majors or minors.

Prerequisite: a cumulative 2.500 GPA; and junior standing.

Schedule Type: Lecture

Contact Hours: 3 lecture

Grade Mode: Standard Letter

FIN 36072     LAW OF COMMERCIAL TRANSACTIONS      3 Credit Hours

Introduction to real and personal property, commercial paper, agency law, business organizations, bankruptcy, secured transactions and other related areas of business law. Primarily for accounting majors.

Prerequisite: cumulative 2.500 GPA; and FIN 26074 or BMRT 21000; not open to finance (FIN) majors.

Schedule Type: Lecture

Contact Hours: 3 lecture

Grade Mode: Standard Letter

FIN 36081     PRINCIPLES OF INSURANCE      3 Credit Hours

Examination of insurance industry, its regulatory environment and insurance contracts. Life and health insurance as well as property and liability insurance are covered.

Prerequisite: cumulative 2.500 GPA; and Finance (FIN) major or minor; and a minimum C grade in FIN 36053.

Schedule Type: Lecture

Contact Hours: 3 lecture

Grade Mode: Standard Letter

FIN 36085     ADVANCED FINANCIAL MODELING      3 Credit Hours

Provides students experience with advanced Excel and VBA programming.

Prerequisite: a cumulative 2.500 GPA; and finance (FIN) major or minor; and a minimum C grade in FIN 26085, FIN 36054, ENG 21011 (or HONR 10297), COMM 15000; and MATH 11010 (or MATH 10774 or MATH 10775).

Schedule Type: Lecture

Contact Hours: 3 lecture

Grade Mode: Standard Letter

FIN 46054     FINANCIAL RISK MANAGEMENT      3 Credit Hours

Understanding techniques and financial tools used in managing financial risk. Analysis of contracts (options, forwards, futures) undertaken in the context of financial regulation and ethical practices within the financial marketplace.

Prerequisite: cumulative 2.500 GPA; and Finance (FIN) major or minor; and a minimum C grade in FIN 36053.

Schedule Type: Lecture

Contact Hours: 3 lecture

Grade Mode: Standard Letter

FIN 46055     ADVANCED DERIVATIVE SECURITIES      3 Credit Hours

Comprehensive analysis of derivatives securities markets and their role in the financial system. Valuation methods, advanced hedging, arbitration techniques and the regulatory environment.

Prerequisite: cumulative 2.500 GPA; and Finance (FIN) major or minor; and FIN 36059.

Schedule Type: Lecture

Contact Hours: 3 lecture

Grade Mode: Standard Letter

FIN 46059     FINANCIAL POLICY (ELR) (WIC)      3 Credit Hours

Capstone course in finance with emphasis on financial policies and strategic financial decision making with respect to both short-term and long-term financial management problems.

Prerequisite: cumulative 2.500 GPA; and Finance (FIN) major; and FIN 36054; and MIS 24056 or MATH 10041.

Schedule Type: Lecture

Contact Hours: 3 lecture

Grade Mode: Standard Letter

Attributes: Experiential Learning Requirement, Writing Intensive Course

FIN 46064     INTERNATIONAL BUSINESS FINANCE      3 Credit Hours

Management of the finance function of an international company, including foreign exchange exposure management, foreign investment, short term and long term capital management, and international accounting and taxation.

Prerequisite: cumulative 2.500 GPA; and Finance (FIN) major or minor or International Business minor; and a minimum C grade in FIN 36053.

Schedule Type: Lecture

Contact Hours: 3 lecture

Grade Mode: Standard Letter

FIN 46067     ADVANCED PORTFOLIO ANALYSIS      3 Credit Hours

Examines the principles, methods, and techniques of portfolio analysis with emphasis on determination of portfolio risks and returns. The political, ethical, and global forces affecting asset risks and returns are evaluated.

Prerequisite: cumulative 2.500 GPA; and Finance (FIN) major or minior; and FIN 36051 and FIN 36059.

Schedule Type: Lecture

Contact Hours: 3 lecture

Grade Mode: Standard Letter

FIN 46068     COMMERCIAL BANK MANAGEMENT      3 Credit Hours

Financial management techniques applied to commercial banks. Focus on management of liquidity, investment and loan portfolios and capital structure.

Prerequisite: cumulative 2.500 GPA; and Finance (FIN) major or minor; and FIN 36051; and FIN 36054 or FIN 36059.

Schedule Type: Lecture

Contact Hours: 3 lecture

Grade Mode: Standard Letter

FIN 46087     INTERNATIONAL FINANCE EXPERIENCE      3 Credit Hours

(Slashed with FIN 56087) Firsthand exposure to international businesses and organizations generally relating to business and specifically relating to finance. Includes pre-trip orientation sessions, visits to international businesses and organizations, and opportunities for cultural activities. 500 GPA; and ECON 22060; and special approval

Prerequisite: sophomore standing in the College of Business Administration; and a cumulative 2.

Schedule Type: Field Experience

Contact Hours: 9 other

Grade Mode: Standard Letter

FIN 46096     INDIVIDUAL INVESTIGATION IN FINANCE      1-3 Credit Hours

(Repeatable for credit) Opportunity for research in problem areas of interest in field of finance. Agreement of faculty member in the department must be secured prior to registering for course.

Prerequisite: cumulative 2.500 GPA; and Finance (FIN) major and special approval.

Schedule Type: Individual Investigation

Contact Hours: 1-3 other

Grade Mode: Standard Letter

FIN 46192     INTERNSHIP IN FINANCE (ELR)      3 Credit Hours

(Repeatable for credit) An internship for finance majors interested in obtaining career-relevant experience. Students and employers must satisfy criteria established by the department. Students are responsible for securing employment.

Prerequisite: cumulative 2.500 GPA; and Finance (FIN) major; and FIN 36051; and FIN 36054 or FIN 36059; and special approval.

Schedule Type: Practicum or Internship

Contact Hours: 9 other

Grade Mode: Standard Letter

Attributes: Experiential Learning Requirement

FIN 46295     FINANCE SPECIAL TOPICS      3 Credit Hours

(Repeatable for credit) Deal with special topics in finance. New subjects not covered in other existing courses.

Prerequisite: Finance (FIN) major and minimum 2.500 cumulative GPA and FIN 36053 and senior standing.

Schedule Type: Lecture

Contact Hours: 3 lecture

Grade Mode: Standard Letter

FIN 56087     INTERNATIONAL FINANCE EXPERIENCE      3 Credit Hours

(Slashed with FIN 46087) Firsthand exposure to international businesses and organizations generally relating to business and specifically relating to finance. Includes pre-trip orientation sessions, visits to international businesses and organizations, and opportunities for cultural activities.

Prerequisite: graduate standing in the College of Business Administration; and special approval.

Schedule Type: Field Experience

Contact Hours: 9 other

Grade Mode: Standard Letter

FIN 66050     LAW AND ETHICS      2 Credit Hours

This course is an overview of laws and regulations with related ethical impacts affecting business management.

Prerequisite: graduate standing.

Schedule Type: Lecture

Contact Hours: 2 lecture

Grade Mode: Standard Letter

FIN 66060     MANAGERIAL FINANCE      2 Credit Hours

Study of managerial decisions of the firm from a financial point of view. Topics include valuation, project analysis, and sources and uses of funds.

Prerequisite: ACCT 63037; and ACCT 63038; and ECON 62021; and graduate standing.

Schedule Type: Lecture

Contact Hours: 2 lecture

Grade Mode: Standard Letter

FIN 66061     FINANCIAL MANAGEMENT I      3 Credit Hours

(Cross-listed with FIN 66061) Study of financial decision-making processes within a firm. Emphasis on applications and strategic planning in investment, financing, dividend and working capital decisions.

Prerequisite: ACCT 63037 and 63038; ECON 62021; and graduate standing.

Schedule Type: Lecture

Contact Hours: 3 lecture

Grade Mode: Standard Letter

FIN 66062     FINANCIAL MANAGEMENT II      3 Credit Hours

(Cross-listed with FIN 76062) Advanced treatment of financial topics with focus on current issues of strategic importance. Case and project intensive.

Prerequisite: FIN 66061 or 76061; and graduate standing.

Schedule Type: Lecture

Contact Hours: 3 lecture

Grade Mode: Standard Letter

FIN 66063     FINANCIAL MARKETS AND INSTITUTIONS      3 Credit Hours

(Cross-listed with FIN 76063) Study of money and capital markets and institutions and their managerial and environmental problems, including regulation and supervision by government.

Prerequisite: FIN 66061 or 76061; and graduate standing.

Schedule Type: Lecture

Contact Hours: 3 lecture

Grade Mode: Standard Letter

FIN 66064     INTERNATIONAL FINANCIAL MANAGEMENT      3 Credit Hours

(Cross-listed with FIN 76064) Problems facing financial management of multinational firms including environmental problems,organizing for optimal results, sources and uses of funds, accounting, tax and control problems.

Prerequisite: FIN 66061 or 76061; and graduate standing.

Schedule Type: Lecture

Contact Hours: 3 lecture

Grade Mode: Standard Letter

FIN 66066     ADVANCED SECURITY AND INVESTMENT THEORY      3 Credit Hours

(Cross-listed with FIN 76066) Integrated investment analysis with portfolio analysis and management. Coverage of the leading portfolio and capital asset models.

Prerequisite: FIN 66061 and graduate standing.

Schedule Type: Lecture

Contact Hours: 3 lecture

Grade Mode: Standard Letter

FIN 66069     REAL ESTATE      3 Credit Hours

A study of real estate valuation, financing, investment and brokerage. Emphasis is in both theoretical and pragmatic terms with regard to land use and development.

Prerequisite: graduate standing.

Schedule Type: Lecture

Contact Hours: 3 lecture

Grade Mode: Standard Letter

FIN 66075     LEGAL ASPECTS OF FINANCIAL ENGINEERING      3 Credit Hours

Coverage of the legal, regulatory and compliance aspects of derivative use and the current legal standing of derivatives and regulatory issues associated with derivatives. Issues of risk measurement and risk transparency of derivatives markets and disclosure issues are covered.

Prerequisite: FIN 66080 and graduate standing.

Schedule Type: Lecture

Contact Hours: 3 lecture

Grade Mode: Standard Letter

FIN 66080     DERIVATIVES I      3 Credit Hours

An introduction to the theory and practice of pricing and hedging of derivative securities. Coverage of equity and index, foreign currency, commodity and interest-rate derivatives. Basic mathematical concepts and the institutional structure of derivative markets discussed. This course uses advanced trading and analytical software and hardware on the financial engineering trading floor.

Prerequisite: Graduate standing.

Corequisite: BAD 66061.

Schedule Type: Lecture

Contact Hours: 3 lecture

Grade Mode: Standard Letter

FIN 66081     DERIVATIVES II      3 Credit Hours

(Cross-listed with FIN 76081) Coverage of exotic options, discrete and continuous pricing models, and pricing techniques. Develops the economic foundations of the theory of derivatives and a mathematical toolkit to analyze standard instruments and 'dissect' exotic ones. This course uses advanced trading and analytical software and hardware on the financial engineering trading floor.

Prerequisite: FIN 66080 and BAD 66061 and graduate standing.

Schedule Type: Lecture

Contact Hours: 3 lecture

Grade Mode: Standard Letter

FIN 66084     FINANCIAL ENGINEERING      3 Credit Hours

(Cross-listed with FIN 76084) Coverage of VaR, hedging techniques ,synthetic assets and volatility trading are covered. Risk management and risk control models are covered. Surveys, standard approaches to measuring and modeling financial risk from the risk manager perspective. This course uses advanced trading and analytical software and hardware on the financial engineering trading floor.

Prerequisite: FIN 66080 and BAD 66061 and graduate standing.

Schedule Type: Lecture

Contact Hours: 3 lecture

Grade Mode: Standard Letter

FIN 66085     FIXED INCOME MARKETS      3 Credit Hours

(Cross-listed with FIN 76085) Provides a quantitative approach to fixed income instrument use. Covers the mathematics of bond pricing, term structure analysis and pricing of credit risk. Trees and Monte Carlo methods of valuation are presented. This course uses advanced trading and analytical software and hardware on the financial engineering trading floor.

Prerequisite: FIN 66080 and BAD 66061 and graduate standing.

Schedule Type: Lecture

Contact Hours: 3 lecture

Grade Mode: Standard Letter

FIN 76061     FINANCIAL MANAGEMENT I      3 Credit Hours

(Cross-listed with FIN 76061) Study of financial decision-making processes within a firm. Emphasis on applications and strategic planning in investment, financing, dividend and working capital decisions.

Prerequisite: ACCT 63037 and 63038; ECON 62021; and doctoral standing.

Schedule Type: Lecture

Contact Hours: 3 lecture

Grade Mode: Standard Letter

FIN 76062     FINANCIAL MANAGEMENT II      3 Credit Hours

(Cross-listed with FIN 66062) Advanced treatment of financial topics with focus on current issues of strategic importance. Case and project intensive.

Prerequisite: FIN 66061 or 76061; and doctoral standing.

Schedule Type: Lecture

Contact Hours: 3 lecture

Grade Mode: Standard Letter

FIN 76063     FINANCIAL MARKETS AND INSTITUTIONS      3 Credit Hours

(Cross-listed with FIN 66063) Advanced treatment of financial topics with focus on current issues of strategic importance. Case and project intensive.

Prerequisite: FIN 66061 or 76061; and doctoral standing.

Schedule Type: Lecture

Contact Hours: 3 lecture

Grade Mode: Standard Letter

FIN 76064     INTERNATIONAL FINANCIAL MANAGEMENT      3 Credit Hours

(Cross-listed with FIN 66064) Problems facing financial management of multinational firms including environmental problems, organizing for optimal results, sources and uses of funds, accounting, tax and control problems.

Prerequisite: FIN 66061 or 76061; and doctoral standing.

Schedule Type: Lecture

Contact Hours: 3 lecture

Grade Mode: Standard Letter

FIN 76066     ADVANCED SECURITY AND INVESTMENT THEORY      3 Credit Hours

(Cross-listed with FIN 66066) Integrated investment analysis with portfolio analysis and management. Coverage of the leading portfolio and capital asset models.

Prerequisite: FIN 66061 or 76061; and doctoral standing.

Schedule Type: Lecture

Contact Hours: 3 lecture

Grade Mode: Standard Letter

FIN 76081     DERIVATIVES II      3 Credit Hours

(Cross-listed with FIN 66081) Coverage of exotic options, discrete and continuous pricing models, and pricing techniques. Develops the economic foundations of the theory of derivatives and a mathematical toolkit to analyze standard instruments and 'dissect' exotic ones. This course uses advanced trading and analytical software and hardware on the financial engineering trading floor.

Prerequisite: FIN 66080 and BAD 66061 and doctoral standing.

Schedule Type: Lecture

Contact Hours: 3 lecture

Grade Mode: Standard Letter

FIN 76084     FINANCIAL ENGINEERING      3 Credit Hours

(Cross-listed with FIN 66084) Coverage of VaR, hedging techniques, synthetic assets and volatility trading are covered. Risk management and risk control models are covered. Surveys, standard approaches to measuring and modelling financial risk from the risk manager perspective. This course uses advanced trading and analytical software and hardware on the financial engineering trading floor.

Prerequisite: FIN 66080 and BAD 66061 and doctoral standing.

Schedule Type: Lecture

Contact Hours: 3 lecture

Grade Mode: Standard Letter

FIN 76085     FIXED INCOME MARKETS      3 Credit Hours

(Cross-listed with FIN 66085) Provides a quantitative approach to fixed income instrument use. Covers the mathematics of bond pricing, term structure analysis and pricing of credit risk. Trees and Monte Carlo methods of valuation are presented. This course uses advanced trading and analytical software and hardware on the financial engineering trading floor.

Prerequisite: FIN 66080 and BAD 66061 and doctoral standing.

Schedule Type: Lecture

Contact Hours: 3 lecture

Grade Mode: Standard Letter

FIN 86061     THEORIES OF FINANCIAL DECISION-MAKING      3 Credit Hours

Object is to discuss how individuals and firms allocate resources through time. Basic emphasis on optimal investment decisions under conditions of certainty and uncertainty.

Prerequisite: doctoral standing.

Schedule Type: Lecture

Contact Hours: 3 lecture

Grade Mode: Standard Letter

FIN 86062     THEORY OF CORPORATE FINANCE      3 Credit Hours

A study of the theory and empirical evidence from a global perspective regarding corporate financial management.

Prerequisite: doctoral standing.

Schedule Type: Lecture

Contact Hours: 3 lecture

Grade Mode: Standard Letter-IP

FIN 86064     INTERNATIONAL FINANCIAL MARKETS, INSTUTIONS AND MANAGEMENT      3 Credit Hours

This course presents an intense examination of the major global issues and underlying theories concerning the financial management of international business firms and the financial markets and institutions which facilitate such operations. Reading assignments will consist of the leading journal articles in this area.

Prerequisite: doctoral standing.

Schedule Type: Lecture

Contact Hours: 3 lecture

Grade Mode: Standard Letter-IP

FIN 86066     INVESTMENT THEORY      3 Credit Hours

A study of the theory and empirical evidence from a global perspective regarding investment analysis, valuation and portfolio selection.

Prerequisite: doctoral standing.

Schedule Type: Lecture

Contact Hours: 3 lecture

Grade Mode: Standard Letter-IP

FIN 86098     RESEARCH IN FINANCE      3 Credit Hours

(Repeatable for credit)Research area of current interest. This structured course is designed to enable the doctoral candidate to complete an acceptable dissertation proposal in the field of finance.

Prerequisite: doctoral standing.

Schedule Type: Research

Contact Hours: 3 other

Grade Mode: Standard Letter