Catalog Entries |
Summer 2021
Apr 18,2024 |
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 | Select the Course Number to get further detail on the course. Select the desired Schedule Type to find available classes for the course. |
| FINC 100 - INDEPENDENT STUDY: FINANCE |
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Limited opportunities to enroll for course work on an Independent Study basis are available. A student interested in this option should obtain an Independent Study Registration Form from the Registrar, have it completed by the instructor and school dean involved, and return it to the Registrar's Office. Consult the current Schedule of Classes for policies concerning Independent Study.
0.000 TO 4.000 Credit hours 0.000 TO 4.000 Lecture hours Levels: Undergraduate Schedule Types: Hybrid, Independent Study, Online Course Finance Department |
| FINC 198 - TRANSFER ELECTIVE |
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This course designation describes a transfer course from another institution where an equivalency to a Ramapo College course has not been determined. Upon convener evaluation, this course ID may be changed to an equivalent of a Ramapo College course or may fulfill a requirement.
0.000 TO 4.000 Credit hours 0.000 TO 4.000 Lecture hours Levels: Undergraduate Schedule Types: Hybrid, Lecture, Online Course Finance Department |
| FINC 199 - TRANSFER ELECTIVE |
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This course designation is used to describe a transfer course from another institution which has been evaluated by the convener. A course with this course number has no equivalent Ramapo course. It may fulfill a requirement or may count as a free elective.
0.000 TO 4.000 Credit hours 0.000 TO 4.000 Lecture hours Levels: Undergraduate Schedule Types: Hybrid, Lecture, Online Course Finance Department |
| FINC 200 - INDEPENDENT STUDY: FINANCE |
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Limited opportunities to enroll for course work on an Independent Study basis are available. A student interested in this option should obtain an Independent Study Registration Form from the Registrar, have it completed by the instructor and school dean involved, and return it to the Registrar's Office. Consult the current Schedule of Classes for policies concerning Independent Study.
0.000 TO 4.000 Credit hours 0.000 TO 4.000 Lecture hours Levels: Undergraduate Schedule Types: Hybrid, Independent Study, Online Course Finance Department |
| FINC 210 - PERSONAL FINANCE |
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This course is designed to help students develop a personal financial plan. Students will learn how to establish their short-term, intermediate and long-term goals. In addition, they will learn the components of budgeting and tax planning, managing liquidity, financing large purchases, spending their money wisely, investing money and protecting their wealth. For students who want to become financial planners, this course will provide them with the initial tools to further their professional development. This course does NOT count as finance elective credit.
0.000 TO 4.000 Credit hours 0.000 TO 4.000 Lecture hours Levels: Undergraduate Schedule Types: Hybrid, Lecture, Online Course Finance Department |
| FINC 298 - TRANSFER ELECTIVE |
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This course designation describes a transfer course from another institution where an equivalency to a Ramapo College course has not been determined. Upon convener evaluation, this course ID may be changed to an equivalent of a Ramapo College course or may fulfill a requirement.
0.000 TO 4.000 Credit hours 0.000 TO 4.000 Lecture hours Levels: Undergraduate Schedule Types: Hybrid, Lecture, Online Course Finance Department |
| FINC 299 - TRANSFER ELECTIVE |
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This course designation is used to describe a transfer course from another institution which has been evaluated by the convener. A course with this course number has no equivalent Ramapo course. It may fulfill a requirement or may count as a free elective.
0.000 TO 4.000 Credit hours 0.000 TO 4.000 Lecture hours Levels: Undergraduate Schedule Types: Hybrid, Lecture, Online Course Finance Department |
| FINC 300 - INDEPENDENT STUDY: FINANCE |
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Limited opportunities to enroll for course work on an Independent Study basis are available. A student interested in this option should obtain an Independent Study Registration Form from the Registrar, have it completed by the instructor and school dean involved, and return it to the Registrar's Office. Consult the current Schedule of Classes for policies concerning Independent Study.
0.000 TO 4.000 Credit hours 0.000 TO 4.000 Lecture hours Levels: Undergraduate Schedule Types: Hybrid, Independent Study, Online Course Finance Department |
| FINC 301 - CORPORATE FINANCE I |
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A study of corporate financing practices. This course will provide students with the financing framework of corporations, principles of financial returns, financial analysis, management of working capital, capital structures, dividend policies, and intermediate and longer term financing.
0.000 TO 4.000 Credit hours 0.000 TO 4.000 Lecture hours Levels: Undergraduate Schedule Types: Hybrid, Lecture, Online Course Finance Department Course Attributes: ASB Writing Core |
| FINC 302 - CORPORATE FINANCE II |
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This course provides a broader and deeper treatment of many of the topics covered in Corporate Finance I, and presents the importance of quantitative tools, such as discounted cash flow analysis and analysis of variance, in the asset pricing, planning and evaluation process. The emphasis will be on the application of these tools in order to better understand the behavior of financial and capital assets. Topics include sinking fund, capital recovery and financial planning problems, security valuation and characteristics, risk analysis, capital market theory and capital budgeting.
0.000 TO 4.000 Credit hours 0.000 TO 4.000 Lecture hours Levels: Undergraduate Schedule Types: Hybrid, Lecture, Online Course Finance Department |
| FINC 303 - FINANCIAL MARKETS AND INSTITUTIONS |
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This course provides an analysis and discussion of central banking, the financial markets and the various intermediaries which constitute the financial services industry. Our perspective is both macro- and micro-financial, covering topics such as: 1) the development of central banking; 2) the impact of monetary policy on interest rates; 3) the relationship between interest rates and bond prices; 4) the purpose and uniqueness of the various financial markets; 5) the historical development, importance and operating behavior of the specific institutions that comprise the financial system; and 6) how regulation and financial innovation have influenced the evolution of the system.
0.000 TO 4.000 Credit hours 0.000 TO 4.000 Lecture hours Levels: Undergraduate Schedule Types: Hybrid, Lecture, Online Course Finance Department Course Attributes: WRITING INTENSIVE |
| FINC 305 - FINANCIAL HISTORY OF THE UNITED STATES |
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The recent financial crisis has spawned a great interest in the dynamics of asset bubbles, causes of business cycles, and concern about the financial stability of the banking sector and allied institutions. This course will review the financial history of the United States from the founding of the Republic up to and including the crash of 2008-2009 as well as taking a critical examination of the federal government’s response to the dislocations on Wall Street and the impact of the Federal Reserve’s policy and responses to Great Recession. Understanding the policies of government officials leading up to and during these financial crises and the reactions of business leaders will provide you with valuable insights about the evolution of the nation’s financial services sector. This course will, therefore, integrate history, economics, sociology, political science and business consistent with the Anisfield School of Business mission to incorporate liberal arts into the curriculum.
This course covers monetary, banking, central banking, and securities market history, as well as pertinent aspects of the history of government finance. Topics include the emergence of modern financial systems, including the roles of public finance and money, banking and central banking, securities and insurance markets, and corporations. We study the composition, growth, fluctuations, and determinants of the money stock; the development of banking systems and their regulation; payments systems; access to credit; conflicts of interest in financial institutions; the emergence of central banking and its key role in modern financial systems; monetary policies; major trends and fluctuations in stock, bond, and money markets; corporate development; and, of course, the long history of financial crises.
0.000 TO 4.000 Credit hours 0.000 TO 4.000 Lecture hours Levels: Undergraduate Schedule Types: Hybrid, Lecture, Lecture/Online, Online Course Finance Department |
| FINC 313 - COMMERICIAL BANK MANAGEMENT |
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Studies of the financial services industry and the allocation of funds from lenders to borrowers. Topics will include the role of banks and other institutions in supplying funds to the public; their operations in the money and capital markets; theories of bank financial management; interest rate and flow of funds forecasting; and the impact of regulatory and deregulatory actions on bank operations.
0.000 TO 4.000 Credit hours 0.000 TO 4.000 Lecture hours Levels: Undergraduate Schedule Types: Hybrid, Lecture, Online Course Finance Department |
| FINC 315 - CORPORATE FINANCIAL MODELING |
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This is an Excel-intensive course in which we build and analyze a corporate financial model: a 3-statement model (i.e. income statement, cash flow statement, and balance sheet). The course has several key objectives:
* Learn how to build integrated financial models
* Understand the sensitivity of the model's key drivers
* Develop efficient models with the use of Excel's financial functions and shortcuts
* Use best practices in the construction of prolessional models
* Analyze the model‘s key assumptions and the resulting output
The course equips students with a deep understanding of the construction and analysis of a corporate financial model so that they can better identify the key drivers of corporate value and perform sensitivity analysis on these drivers. It offers useful guidelines and best practices in financial modeling and it exposes students to the complexity and subjectivity involved with integrating and projecting financial metrics.
0.000 TO 4.000 Credit hours 0.000 TO 4.000 Lecture hours Levels: Undergraduate Schedule Types: Hybrid, Lecture, Lecture/Online, Online Course Finance Department |
| FINC 318 - FINANCIAL PLANNING |
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Financial Planning focuses on four areas of financial planning: introduction to financial planning, federal income taxation, retirement planning, and estate planning. Students who complete Insurance Planning, Securities and Investments, and this course will have a broad foundation in the area of financial planning.
0.000 TO 4.000 Credit hours 0.000 TO 4.000 Lecture hours Levels: Undergraduate Schedule Types: Hybrid, Lecture, Online Course Finance Department |
| FINC 319 - INSURANCE PLANNING |
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The focus of Insurance Planning is on risks that families and individuals face.
After the risk management process is introduced, various types of insurance policies are covered in detail: automobile, disability, health, homeowners’, life, and long-term care. Annuity contracts and Social Security are covered as well. Throughout the course, other topics in risk management and insurance are examined; these include the history of risk management dating back to ancient times, insurance terminology, legal liability, common insurance principles, and the basic mathematics underlying the development of an insurance premium.
0.000 TO 4.000 Credit hours 0.000 TO 4.000 Lecture hours Levels: Undergraduate Schedule Types: Hybrid, Lecture, Lecture/Online, Online Course Finance Department |
| FINC 321 - SECURITIES AND INVESTMENTS |
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A study of the analysis of risk and rate of return on various types of securities; forces affecting security values, financial statement analysis and valuation techniques; theory and practice of individual and institutional investment management; application of portfolio theory and valuation to investment analysis and portfolio management; investment strategy in view of taxation of capital gains and losses; mutual funds and real estate investment trusts; alternative instruments in both inflationary and deflationary economies, and evaluation of secondary markets.
0.000 TO 4.000 Credit hours 0.000 TO 4.000 Lecture hours Levels: Undergraduate Schedule Types: Hybrid, Lecture, Online Course Finance Department |
| FINC 322 - EQUITY MARKETS TRADING |
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In this course, we will learn a wide spectrum of topics that may enhance your trading performance and provide you with a good understanding of how the equity market operates. In the traditional approach financial economics, the price formation process is a "black box" in which there is no explicit role for financial market structure. Aspects such as dealers, transaction costs and the organizational structure of financial markets are largely ignored. Here, we take a real-world approach to the mechanics of financial markets by exploring how market imperfections generate trading costs and make the market protocol in which trading takes place a relevent factor. In the real world, trading stands on its own as an important operation, and as one that is distinct from investing. This course has two parallel dimensions. On the one hand, we provide a theoretical approach to the underlying dynamics of equity markets by exploring topics such as liquidity, intraday volatility, transaction costs, price effeciency and trading profits. On the other hand, we illustrate the topics presented in the course with the use of computer-based trading software (a practical approach). Suported by an intensive use of the newly built Global Financial Markets Trading Laboratory, this course will allow students to simulate a market where they will participate as traders and interact with other students, as well as computed-generated traders. Furthermore, this course will prepare students for the Chicago Mercantile Exchange (CME) trading electronic and open out-cry (held at the New York Mercantile Exchange) competitions.
0.000 TO 4.000 Credit hours 0.000 TO 4.000 Lecture hours Levels: Undergraduate Schedule Types: Hybrid, Lecture, Online Course Finance Department |
| FINC 330 - CORPORATE VALUATION |
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This course consists of a comprehensive and practical review of corporate equity valuation. It covers a wide spectrum of equity valuation methodologies such as discounted cash flow models (e.g., enterprise discounted cash flow, adjusted present value, dividend discount model, etc.), economic-profit based models (e.g., residual income model and discounted economic profit), and multiples-based models. It equips students with a deep understanding of the models' underlying assumptions so that they can better understand what practitioners assume when calculating their valuation estimates. It offers useful guidelines to the most appropriate methodologies to use under different circumstances. It exposes the student to the complexity and subjectivity involved with estimating the value of a corporation. And it provides a practical step-by-step guide to corporate valuation. Furthermore, this course includes an Excel-based valuation modeling component. Students will develop a complete spreadsheet discounted cash flow (DCF) model and they will use it to (1) determine the intrinsic value of a U.S. public company operating in a mature industry, and (2) make an investment recommendation based on their valuation results.
0.000 TO 4.000 Credit hours 0.000 TO 4.000 Lecture hours Levels: Undergraduate Schedule Types: Hybrid, Lecture, Online Course Finance Department |
| FINC 335 - CHARTERED FINANCIAL ANALYST PREP I |
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This is the first part of a two-semester course series that covers the entire current Level I CFA® Program Curriculum. This course series is divided into two 4-credit courses each of which covers roughly 50% of the curriculum. This first part covers the following broad topics:
• Ethical and Professional Standards
• Quantitative Methods
• Economics
• Financial Reporting and Analysis
A thorough knowledge of the material covered in this course will critically influence the probability of you successfully completing the Level I CFA® exam. Approximately 50% of the Level I CFA® body of knowledge will be reviewed over the first part of this course series and the other 50% will be reviewed during the second part. Topics covered in this course will parallel material outlined in the CFA® Level I study guide. The two-part course series will provide you with a detailed review of all study sessions (1-18) in the Level I CFA® Program Curriculum. Due to the substantial nature of the material that needs to be covered, we will be forced to allocate more time and resources to those topics that I think may require a more in-depth coverage. It is highly recommended that you read the material for each lecture in advance in order to keep up with the pace of the discussion. While the material in this course should help you significantly increase your knowledge of the Level I CFA® Program Curriculum, you ultimate success in the June exam will critically depend upon your own determination as well as on your thorough independent study.
0.000 TO 4.000 Credit hours 0.000 TO 4.000 Lecture hours Levels: Undergraduate Schedule Types: Hybrid, Lecture, Lecture/Online, Online Course Finance Department |
| FINC 336 - CHARTERED FINANCIAL ANALYST PREP II |
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This is the second part of a two-semester course series that covers the entire current Level I CFA® Program Curriculum. This course series is divided into two 4-credit courses each of which covers roughly 50% of the curriculum. This first part covers the following broad topics:
• Ethical and Professional Standards
• Corporate Finance
• Portfolio Management
• Equity & Fixed Income
• Derivatives & Alternative Investments
A thorough knowledge of the material covered in this course will critically influence the probability of you successfully completing the Level I CFA® exam. Approximately 50% of the Level I CFA® body of knowledge will be reviewed over the first part of this course series and the other 50% will be reviewed during the second part. Topics covered in this course will parallel material outlined in the CFA® Level I study guide. The two-part course series will provide you with a detailed review of all study sessions (1-18) in the Level I CFA® Program Curriculum. Due to the substantial nature of the material that needs to be covered, we will be forced to allocate more time and resources to those topics that I think may require a more in-depth coverage. It is highly recommended that you read the material for each lecture in advance in order to keep up with the pace of the discussion. While the material in this course should help you significantly increase your knowledge of the Level I CFA® Program Curriculum, you ultimate success in the June exam will critically depend upon your own determination as well as on your thorough independent study.
0.000 TO 4.000 Credit hours 0.000 TO 4.000 Lecture hours Levels: Undergraduate Schedule Types: Hybrid, Lecture, Lecture/Online, Online Course Finance Department |
| FINC 360 - STOCHASTIC CALCULUS FOR FINANCE |
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This course will provide a friendly introduction to mathematical finance by focusing on the problem of pricing derivative securities within the relatively simple framework of the binomial asset-pricing model. It should provide the student with a solid understanding of fundamental concepts from math finance such as arbitrage, option pricing, risk-neutral measures, hedging, and utility optimization. At the same time, various concepts from probability will be developed, including martingales, Markov processes, and random walks. This course is recommended for any math or business/finance student who is considering work in quantitative finance, or who is simply curious about how rigorous mathematics can abe applied to real-world financial problems. This course is cross-listed as MATH 360.
0.000 TO 4.000 Credit hours 0.000 TO 4.000 Lecture hours Levels: Undergraduate Schedule Types: Hybrid, Lecture, Online Course Finance Department |
| FINC 398 - TRANSFER ELECTIVE |
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This course designation describes a transfer course from another institution where an equivalency to a Ramapo College course has not been determined. Upon convener evaluation, this course ID may be changed to an equivalent of a Ramapo College course or may fulfill a requirement.
0.000 TO 4.000 Credit hours 0.000 TO 4.000 Lecture hours Levels: Undergraduate Schedule Types: Hybrid, Lecture, Online Course Finance Department |
| FINC 399 - TRANSFER ELECTIVE |
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This course designation is used to describe a transfer course from another institution which has been evaluated by the convener. A course with this course number has no equivalent Ramapo course. It may fulfill a requirement or may count as a free elective.
0.000 TO 4.000 Credit hours 0.000 TO 4.000 Lecture hours Levels: Undergraduate Schedule Types: Hybrid, Lecture, Online Course Finance Department |
| FINC 400 - INDEPENDENT STUDY: FINANCE |
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Limited opportunities to enroll for course work on an Independent Study basis are available. A student interested in this option should obtain an Independent Study Registration Form from the Registrar, have it completed by the instructor and school dean involved, and return it to the Registrar's Office. Consult the current Schedule of Classes for policies concerning Independent Study.
0.000 TO 4.000 Credit hours 0.000 TO 4.000 Lecture hours Levels: Undergraduate Schedule Types: Hybrid, Independent Study, Online Course Finance Department |
| FINC 406 - CAPITAL FORMATION |
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This course in strategic financial management principally covers financial structure analysis and corporate capital distribution policies. Topics include leverage considerations, measuring capital costs, capital structure determination, dividend theory and policy, and working capital investment and financing. The course integrates theory and application, highlighting how decisions should be made.
0.000 TO 4.000 Credit hours 0.000 TO 4.000 Lecture hours Levels: Undergraduate Schedule Types: Hybrid, Lecture, Online Course Finance Department |
| FINC 411 - FINANCIAL & ECONOMIC FORECASTING |
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The course will introduce students to the principles and practices of financial and economic forecasting. While qualitative approaches will be discussed, most of the course will emphasize quantitative models that involve the application of statistical and mathematical methods and techniques to a variety of forecasting problems. The initial part of the course will focus on methodological considerations including the forecast environment, process and objectives; data considerations; and forecast evaluation and model selection criteria. We will then introduce "univariate" or single-variable time series models including "naïve," moving average, and exponential smoothing models.
0.000 TO 4.000 Credit hours 0.000 TO 4.000 Lecture hours Levels: Undergraduate Schedule Types: Hybrid, Lecture, Online Course Finance Department |
| FINC 415 - MULTINATIONAL FINANCE |
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A study of financial planning of multinational operations; sources and uses of corporate finance in a foreign environment; criteria for choice on alternative investments in foreign areas; foreign exchange risk and exposure; the cost of capital lending and investment criteria; governmental and inter-governmental controls in investment, capital, and managerial talent procurement, currency restrictions, inter-company pricing and transfer pricing, and profits repatriation; technology transfer and licensing; international financial ethics, bribery, and technology piracy.
0.000 TO 4.000 Credit hours 0.000 TO 4.000 Lecture hours Levels: Undergraduate Schedule Types: Hybrid, Lecture, Online Course Finance Department |
| FINC 426 - ADVANCED TOPICS IN FINANCE |
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Topics include multifactor valuation modeling, option strategies, pricing and hedging techniques, application of options in capital budgeting and capital structure analysis, lease financing, bond refunding analysis and corporate restructuring.
This is an Excel-intensive course in which we build and analyze a corporate financial model: a 3-statement model (i.e. income statement, cash flow statement, and balance sheet). The course has several key objectives:
· Learn how to build integrated financial models
· Understand the sensitivity of the model’s key drivers
· Develop efficient models with the use of Excel’s financial functions and shortcuts
· Use best practices in the construction of professional models
· Analyze the model’s key assumptions and the resulting output
The course equips students with a deep understanding of the construction and analysis of a corporate financial model so that they can better identify the key drivers of corporate value and perform sensitivity analysis on these drivers. It offers useful guidelines and best practices in financial modeling and it exposes students to the complexity and subjectivity involved with integrating and projecting financial metrics.
0.000 TO 4.000 Credit hours 0.000 TO 4.000 Lecture hours Levels: Undergraduate Schedule Types: Hybrid, Lecture, Online Course Finance Department |
| FINC 498 - TRANSFER ELECTIVE |
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This course designation describes a transfer course from another institution where an equivalency to a Ramapo College course has not been determined. Upon convener evaluation, this course ID may be changed to an equivalent of a Ramapo College course or may fulfill a requirement.
0.000 TO 4.000 Credit hours 0.000 TO 4.000 Lecture hours Levels: Undergraduate Schedule Types: Hybrid, Lecture, Online Course Finance Department |
| FINC 499 - TRANSFER ELECTIVE |
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This course designation is used to describe a transfer course from another institution which has been evaluated by the convener. A course with this course number has no equivalent Ramapo course. It may fulfill a requirement or may count as a free elective.
0.000 TO 4.000 Credit hours 0.000 TO 4.000 Lecture hours Levels: Undergraduate Schedule Types: Hybrid, Lecture, Online Course Finance Department |
| FINC 510 - FOUNDATIONS OF FINANCE |
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This course introduces students to the basics of financial theory and develops the analytical tools and techniques needed to address issues, which financial and business analysts encounter. The course covers a range of related topics including financial statement analysis, the time value of money, risk and return, and the valuation of stocks and bonds. Students will be responsible for any current financial issues, problems, and significant events discussed in class.
0.000 TO 2.000 Credit hours 0.000 TO 2.000 Lecture hours Levels: Graduate, Undergraduate Finance Department Course Attributes: MBA COURSE FOR GRAD FEE ASSESS |
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