Course Descriptions: Finance

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.