EBF 101 Principles
of Finance
(Fall, Spring) (formerly EBE
231)
A study of the function, theory,
and practice of finance in free-market economy. How and where to form a
corporate entity to carry on business for profit. Source and use of fund
analysis. The forms of long-term financing: stocks, bonds, and retained
earning. The relationship between the economic and financial theories of
the firm. Cost of capital concepts and measurements. Capital structure
of firms and industries are studied. Short-term financing problems. Income
statement and balance sheet analysis to determine financial strength, the
present value technique, and others to estimate value of assets.
Prerequisite: EBE 101 or 102.
3 credits.
EBF 210 Investment Principles
(Fall) (formerly EBE 332)
This course is designed to acquaint
the student with the principles of investment analysis. The student will
learn how to establish appropriate investment objectives, develop strategies
to meet objectives, estimate risk-return trade-offs, and evaluate investment
performance. Quantitative techniques such as simulation for portfolio composition,
regression estimation for risk assessment, and probability theory for optimal
decision-making are examined. SEC Regulations are also reviewed.
Prerequisite: EBF 101. 3 credits.
EBF 220 Corporate Finance
(Spring) (formerly EBE 331)
A fundamental course on basic managerial
financial tools, specifically financial management and controls, working
capital management, capital budgeting, sources and forms of corporate financing,
determining the cost of capital, and other aspects of corporate financial
analysis.
Prerequisite: EBF 101. 3 credits.
EBF 310 Security Analysis
(Spring) (formerly EBE 335)
This course teaches fundamental
approaches to analyzing and evaluating corporate securities as used by
Wall Street professionals. Emphasis is placed on the special problems encountered
in analyzing issues of industrial, transportation, public utility, bank
and insurance companies, stressing economic as well as financial considerations.
Also explored are the various types of investors, individual and institutional,
and their portfolio requirements.
Prerequisite: EBF 210. 3 credits.
EBF 337 The International Trading
of Commodities (annual)
(formerly EBE 337)
This course provides a thorough
understanding of futures and future option trading in internationally traded
commodities. It is also an analysis of major problems involved in the production
and exportation of goods and how firms solve them.
Prerequisites: EBK 101 and EBF
101. 3 credits.
EBF 338 International Financial
Markets (annual) (formerly EBE 338)
A detailed look at the various
international capital and money markets and the securities that forward
rates and options. Pertinent cases related to the topics will be assigned
as well.
Prerequisite: EBF 101. 3 credits.
EBF 341-342 Real Estate Principles
I-II (annual) (formerly EBE 341-342)
Instruments and procedures of real
estate, agency and contract law. Current regulations concerning fair housing
rules, land use, and ethical practices as required in license law. Also
covered is real estate mathematics relating to methods of financing and
determining the value of real property and closing costs.
Second semester: Skills and knowledge
required to operate a real estate brokerage are analyzed, covering business
law as to leases, agreements, liens, and easements. Practices concerning
construction, subdivisions and developments, condominiums and cooperatives.
Methods of appraising, buying managing and advertising real property are
also explored along with assessments, taxation, and transfer of ownership.
Prerequisite: EBF 101. 3 credits
each.
EBF 400.1 Selected Topics in
Finance (Fall, Spring) (Independent Study) (formerly EBE 400.1)
An upper division course designed
to give greater coverage to those finance topics that are not covered in
great detail in other courses. The topics selected are at the discretion
of the instructor. Some potential topics include dividend policy, mergers
and acquisitions, bankruptcy and reorganization, risk markets, cost of
capital and capital structure. An integral part of the course is the class
presentation required of all students. The presentation revolves around
some area of interest from the topics covered in the course.
Prerequisites: EBF 101, 210 and
220. May be repeated for credit. 1-3 credits.
EBF 410 Seminar in Options Trading
(annual) (formerly EBE 336)
This course gives an understanding
of the principles of price determination for options using several models
including Black-Scholes and binomial methods. Issues examined include put-call
parity and the structure of American and European option markets. The course
also offers detailed option strategies for use in both corporate finance
and money management.
Prerequisite: EBF 210 or permission
of the instructor. 3 credits.
EBF 420 Introduction to Commodity
Trading (Spring) (formerly EBE 339)
A course in the development of
commodity exchanges, the fundamentals of future trading special characteristics
of individual commodities and the futures contract. Also discussed are
government programs and their effect on prices, charting methods, market
analysis and the theory of Hedging. In addition the students will be exposed
to trading techniques using the commodity options.
Prerequisite: EBF 210. 3 credits.
EBF 481 Independent Study in
Finance (upon request) (Description same as EBE 481), 3 credits.
EBF 498 Internship in Finance
(Fall, Spring) (formerly EBE
498)
Seniors majoring in Economics and
Finance can register for academic credit for field experience with business
or government agencies in the greater New York area. Students will work
under the supervision of a faculty member.
Prerequisites: Senior Status, GPA
of 2.3 in major and departmental permission. 3 credits.