- MFIN 301 Financial Statement Analysis (3 credits)
The course integrates contemporary corporate financial reporting issues with financial analysis, interpretation and performance evaluation using a case approach. It presents an in-depth discussion of factors affecting analysis of business organizations and business strategy issues, and explores measurement of items on financial statements, disclosures, standard setting issues, financial reporting internationally, financial reporting implications and investment evaluation.
- MFIN 303 Structured Finance (3)
The course covers forwards, options and futures. At the end of the course, students will gain an understanding of the mechanics of derivatives (contingent claims) markets and how derivative products are used and priced. Students will also be introduced to continuous-time financial models and their uses in modeling and valuing contingent claims.
- MFIN 304 Equity Valuation (3)
The course provides students with a deep understanding of the relevant issues that financial analysts, firms and investors must deal with when valuing a firm. Topics to be covered will include the role of valuation, discounted cash flow valuation, understanding the basics of financial statements and risk analysis, cost of capital, comparative analysis, valuing private firms and other related topics.
- MFIN 305 Quantitative Methods of Finance (3)
The course introduces MFIN students to the quantitative and statistical tools employed in empirical finance. The course begins with multiple regression analysis and proceeds to time-series analysis placing emphasis on modeling asset returns and testing asset pricing models.
- MFIN 306 Portfolio Management and Security Analysis (3)
The course will be divided into two parts: security analysis and portfolio management. The first half of this course deals with capital markets, fixed-income securities and equity valuation models. Areas such as Capital-Asset Pricing Model, Arbitrage Pricing Theory and Market Efficiency are covered. The second part examines the role of strategic asset allocation in relation to systematic risk. Issues like capital allocation and optimal risky portfolios are explored in the framework of macroeconomic conditions, exogenous shocks, forecasting and business cycle dynamics. Then the process of portfolio management is studied; evaluating portfolio performance, the theory of active portfolio management and global investment performance standards are among the issues to be discussed.
- MFIN 307 Financial Strategy (3)
The course provides students with the conceptual framework necessary to appreciate and understand the problems facing the financial manager. Readings, case analysis and problem sets focus on the basic tools used by financial analysts and financial decision-makers. This course is devoted to the two basic financial questions that all companies face: (1) where should funds be invested (i.e. investment decisions)? and (2) from where should funds be obtained (i.e. financing decisions)?
- MFIN 351: Fixed Income Securities
Provides an in-depth analysis of the concepts that are most often encountered in the global market for fixed income securities. The goal of the course is to develop a theoretical and mathematical approach to valuation that will be useful in a wide range of financial applications as it will develop the set of tools required to evaluate virtually any fixed income instrument.
- MFIN 353 Financial Econometrics
This course introduces MF students to the advanced econometric and simulation tools used in empirical finance. The course emphasizes volatility and correlation modeling, testing of trading strategies and asset pricing models as well as testing the random walk hypothesis. The topics covered include tests of the random walk hypothesis, volatility and correlation modeling using Autoregressive Conditional Heteroskedasticity (ARCH) and other models, forecasting asset returns and volatilities, event studies, the econometrics of futures markets as well as some elements of forecasting and simulation.
- MFIN 354: Risk Management in Financial Institutions
This course provides a rigorous introduction to quantifying and managing financial risk. Emphasis will be placed on measuring and managing market and credit risk. The course proceeds with an overview of operational risk, liquidity risk as well as the regulations governing risk in financial institutions.
- MFIN 360: Entrepreneurial Finance
Seeks to understand the various stages the entrepreneur deals with from conceptual idea, to startup to harvest. The strategies and incentives of the various players and how they maneuver through the business cycle are examined. The course will go in depth in identifying financing needs, structuring multi-staged financings, understanding business models, assessing financial performance, and valuing entrepreneurial ventures. From the investor’s viewpoint, the course is designed to help managers make better investment and financing decisions in entrepreneurial settings. From the perspective of the entrepreneur, it will examine financial forecasting and planning, financial management of rapidly growing businesses, start-up ventures, developing business plans, aspects of deal negotiation, company valuation, evaluation of alternative sources of financing, venture capital, initial public offering, the decision to harvest, and, finally, gain realization.
The course is designed to provide students with a practical understanding of the private equity industry. By private equity, we mean investing capital in the equity of private companies to fund growth or public companies to take them private. In both cases, the aim is to provide meaningful returns to investors and sometimes substantial returns to the entrepreneurs who started these companies. We will explore how modern private equity firms raise capital, align interests, conduct due diligence, secure leverage, negotiate deals, execute an investment plan and exit through IPO or M&A. We will also discuss particular issues involved with how this business works in emerging markets, such as our MENA region.
- MFIN 356: Financial Markets in the Middle East Region
This course provides an in depth analysis of Financial Markets in the Middle East region. It discusses issues related to the region's bond and stock markets, Islamic finance and Sukuk structure, family buisness, asset and wealth management, commercial and investment banking as well as risk management and corporate governance in the region. The course draws a special attention to financial and regulatory issues impacting the Middle East markets, the disruptive challenge of Fintech on the region and the process of financial deeping.
- MFIN 358: Real Estate Finance & Investment
The early part of the
course will deal briefly with supply and demand aspects, and the relationship
between physical assets and real estate securities as assets. It also introduces the fundamentals of
mortgage securitization and public markets in real estate securities.
- MFIN 360: Entrepreneurial
Seeks to understand the various stages the entrepreneur deals with from conceptual idea, to startup to harvest. The strategies and incentives of the various players and how they maneuver through the business cycle are examined. The course will go in depth in identifying financing needs, structuring multi-staged financings, understanding business models, assessing financial performance, and valuing entrepreneurial ventures. From the investor's viewpoint, the course is designed to help managers make better investment and financing decisions in entrepreneurial settings. From the perspective of the entrepreneur, it will examine financial forecasting and planning, financial management of rapidly growing businesses, start-up ventures, developing business plans, aspects of deal negotiation, company valuation, evaluation of alternative sources of financing, venture capital, initial public offering, the decision to harvest, and, finally, gain realization.
- MFIN 399: Applied Investment
This course aims to cover a broad and practical body of investment knowledge focused on the CFA program to assist future market practitioners in performing investment decisions within an ever changing and complex investment environment. The first part of the course will consist of portfolio analysis and management theory. The second part will focus on application where students will be involved throughout the portfolio management process from idea generation to investment thesis to portfolio construction to portfolio implementation. The course will also include relevant discussions by practitioners from various industry publications and guest lectures.