Finance

Undergraduate Program Information

Finance is the management of money and cash flow for business organizations, government and individuals. The study of finance involves examining the theory and techniques of managing money, including analysis and management of risk. Finance students learn to apply tools and concepts from mathematics, statistics, economics and accounting to financial decision-making. With this knowledge, finance graduates are in high demand by employers and command some of the highest salaries for college graduates. Depending upon their career goals and interests, finance majors may use the electives in the major to focus their program of study on financial management, personal financial planning, investments, banking, and/or risk management and insurance.

Minors

Can only be earned by non-finance majors

Entrepreneurship and Innovation - Undergraduate Minor

Finance - Undergraduate Minor

Risk Management and Insurance - Undergraduate Minor

Open to all majors

Business Law - Undergraduate Minor

(Contact the Finance Department Head in BC 221 prior to signing up for Business Law Minor)

Professor Kenneth Martin, Department Head

Professors de Boyrie, Fortin, Martin, Query; Sankaran; Assistant Professors Clements, Rahman, Yildirim; College Professors Pallares, James, Kealy; College Associate Professor Fuchs; College Assistant Professor Kerr; Emeritus Professors Ellis, Oretskin

Business Finance Courses

BFIN 2110. Introduction to Finance

3 Credits (3)

Introduces tools and techniques of financial management. Includes time value of money; financial planning, diversification and risk; debt and equity investment decisions; and financial statement analysis.

Prerequisite(s): OATS 106 or higher; OATS 120 or ACCT 2110; ECON 1110G or ECON 2110G.

BFIN 303V. Personal Financial Planning and Investing in a Global Economy

3 Credits (3)

Provides a framework for successful personal financial planning within an individual's career and income. Covers personal money management, federal and state taxation, the mathematics of finance and credit, housing, inflation, insurance, savings, and investments. Majors and minors may not use this course to satisfy their finance requirements.

BFIN 311. Financial Futures Markets

3 Credits (3)

Same as AEEC 311.

BFIN 322. Principles of Insurance

3 Credits (3)

Theory and practice of insurance and its economics and social significance; review of the major lines of insurance including life, health, and property liability insurance.

BFIN 323. Life/Health/Employee Benefits

3 Credits (3)

Approaches to problems of employee security from the perspective of businesses. Topics including pensions, profit-sharing plans, 401(k) plans, group life and health plans, and flexible benefit programs. The course also addresses individual life, health, and annuity contracts within a financial planning context.

Prerequisite: BFIN 322.

BFIN 324. Property and Liability Insurance

3 Credits (3)

Analysis of property and liability insurance with emphasis on handling of commercial exposures. Review of property and liability company operations including rate making and insurance accounting. Prerequisite: BFIN 322

BFIN 325. Real Estate Principles and Law I

3 Credits (3)

Real estate law and the fundamental aspects of the real estate purchase transaction and the real estate lease agreement. Topics include real estate brokerage, marketing of real estate, fundamental legal aspects of real estate, present and future interests, air and water rights, methods of transfer, basics of financing and liens, and real estate leases. Same as BLAW 325.

BFIN 326. Business Risk Management

3 Credits (3)

The operational risks faced by firms and the study of various methods of handling these risks, including loss prevention, risk retention, self-insurance, corporate insurance programs, and capital markets. Prerequisites: BFIN 322

BFIN 341. Financial Analysis and Markets

3 Credits (3)

Financial analysis for business financing and investing decisions. Prerequisites ACCT 2110, ECON 2110G, ECON 2120G, MATH 1220G, A ST 311 or MATH 1350G.

BFIN 355. Investments

3 Credits (3)

Analysis of investment risks and rewards and of the problems of portfolio selection and management. Operation of the securities market.

Prerequisite(s): BFIN 341 with a grade of C- or better.

BFIN 360. Financial Information Technology

3 Credits (3)

Integrated use of electronic financial information resources with spreadsheet and word processing applications in investigating financial issues and solving financial problems.

Prerequisite(s): a grade of C- or better in BFIN 341 or consent of instructor.

BFIN 385. Analysis of Financial Markets and Institutions

3 Credits (3)

Analysis of the financial system, emphasizing its institutions and instruments.

Prerequisite(s): BFIN 341 with a grade of C- or better.

BFIN 391. Finance Internship and Cooperative Education I

1-3 Credits

Introduction and application of finance principles in a work environment. Open only to students in the finance major or minor who will be working with an approved employer in a finance related position, over a period of 12 weeks or at least 300 work hours. Consent of instructor required.

BFIN 392. Insurance Internship and Cooperative Education I

1-3 Credits (1-3)

Introduction and application of insurance principles in a work environment. Open only to students in the finance major or insurance minor who will be working with an approved employer in an insurance related position, over a period of 12 weeks or at least 300 work hours. Consent of instructor required. Restricted to Finance majors.

BFIN 393. Banking Internship and Cooperative Education

1-3 Credits (1-3)

Professional banking experience with opportunities to engage in business analysis and to observe application of business principles in the management of a banking entity or a regulatory agency with banking oversight. Open only to students in the finance major or banking minor who will be working with an approved employer in a banking related position, over a period of 12 weeks or at least 300 work hours. May be repeated up to 3 credits. Consent of Instructor required.

BFIN 406. Theory of Financial Decisions

3 Credits (3)

Contemporary financial theory. Firm valuation, investments and financing decisions, risk analysis.

Prerequisite(s): BFIN 341 with a grade of C- or better.

BFIN 421. Personal Financial Planning for Professionals

3 Credits (3)

Introduction to personal financial planning, including goal setting and fact finding, cash management, credit, housing, retirement planning, taxation and estate planning. This course is intended for those planning careers in personal financial advising in one of the various financial services environments.

Prerequisite(s): BFIN 341, or consent of Instructor.

BFIN 435. Investment Analysis

3 Credits (3)

Efficiency of capital markets, modern portfolio management, special topics of current interest to investment analysts.

Prerequisite: BFIN 355.

BFIN 445. Fixed Income Markets, Instruments and Derivatives

3 Credits (3)

Course provides a broad introduction to treasury, corporate, municipal, mortgage backed and asset backed bond markets. The analytical techniques for valuing bonds, quantifying their exposure to changes in interest rate and credit risk exposures and investment decision-making are explored.

Prerequisite(s): BFIN 341.

BFIN 455. Derivative Markets and Securities

3 Credits (3)

Institutional aspects of derivative markets and the arbitrage based pricing of derivative instruments such as stock options, interest rate options, future contracts and swaps. The applied component of the course demonstrates use of these instruments as hedge and/or investment vehicles.

Prerequisite(s): BFIN 355.

BFIN 466. Financial Policy Decisions

3 Credits (3)

Application and integration of financial theory, concepts, and practice using the case method.

Prerequisite: BFIN 406 or consent of instructor.

BFIN 470. Real Estate Appraisal

3 Credits (2+2P)

This course addresses issues influencing the value of real estate with some emphasis upon rural properties. Topics include courthouse records, property taxes, appraisal methodology, expert courtroom testimony, condemnation, and legal issues. Students will take field trips and write appraisals. Course material is relevant to student in Finance, Accounting, and Pre-Law, as well as Agriculture. Accredited for hours to apply to both pre-licensing and continuing education requirements of the New Mexico Real Estate Commission for both Appraisers and Real Estate Brokers. Crosslisted with: AEEC 470.

Prerequisite(s): Junior or above standing.

BFIN 475. International Managerial Finance

3 Credits (3)

International aspects of financial transactions, decision-making, banking and financial markets. Crosslisted with: I B 475 and BFIN 575.

BFIN 480. Management of Financial Institutions

3 Credits (3)

Asset and liability management of financial institutions; emphasis on commercial bank management.

Prerequisite: BFIN 385 or consent of instructor.

BFIN 490. Selected Topics

1-3 Credits

Current topics in finance.

Prerequisites: vary according to the seminar being offered.

BFIN 498. Independent Study

1-3 Credits

Individual studies directed by consenting faculty with the prior approval of the department head. A maximum of 3 credits may be earned.

Prerequisites: junior or above standing and consent of instructor.

BFIN 500. Concepts in Finance

1 Credit (1)

An overview of fundamental principles of finance necessary for prospective MBA students who do not have an undergraduate background in finance. Includes: Time value of money concepts and calculations; risk and calculation of return given appropriate risk measures; bond risk characteristics and calculation of the value of a bond; calculation of the value of common stock (determination as to whether a stock is over-valued or under-valued); and calculation of the costs of capital and capital budgeting problems using the cost of capital.

Prerequisite(s): admitted to MBA Program or consent of course department.

BFIN 503. Financial Management

3 Credits (3)

Theory and application of financial analysis to asset management, project evaluation, capital structure, and dividend policy. Interrelationships among financial and other organizational decisions.

Prerequisite(s): BFIN 341 with a grade of B or better.

BFIN 511. Financial Futures Markets

3 Credits (3)

Same as AEEC 511.

BFIN 521. Personal Financial Planning for Professionals

3 Credits (3)

Introduction to personal financial planning, including goal setting and fact finding, cash management, credit, housing, retirement planning, taxation and estate planning. This course is intended for those planning careers in personal financial advising in one of the various financial services environments.

Prerequisite(s): BFIN 503 or BFIN 341 or consent of Instructor.

BFIN 535. Investment Concepts

3 Credits (3)

Investments in common stocks and other securities. Risk and return, securities markets, portfolio theory and management.

Prerequisite(s): BFIN 355 or BFIN 503.

BFIN 545. Fixed Income Markets, Instruments and Derivatives

3 Credits (3)

Course provides a broad introduction to treasury, corporate, municipal, mortgage backed and asset backed bond markets. The analytical techniques for valuing bonds, quantifying their exposure to changes in interest rate and credit risk exposures and investment decision-making are explored. Assignments and exams will be differentiated from the undergraduate cross-listed course. In addition, graduate students are expected to complete a project. Crosslisted with: BFIN 445.

BFIN 555. Derivative Markets and Securities

3 Credits (3)

Institutional aspects of derivative markets and the arbitrage based pricing of derivative instruments such as stock options, interest rate options, future contracts and swaps. The applied component of the course demonstrates use of these instruments as hedge and/or investment vehicles. Same as BFIN 455 with differentiated assignments for graduated students.

Prerequisite(s): BFIN 503 or instructor permission.

BFIN 566. Advanced Financial Management

3 Credits (3)

Application and integration of financial theory, concepts, and practice using the case method.

Prerequisite: BFIN 503.

BFIN 575. International Managerial Finance

3 Credits (3)

International aspects of financial transactions, decision-making, banking and financial markets.

Prerequisite(s): BFIN 503 or BFIN 341.

BFIN 581. Management of Financial Institutions

3 Credits (3)

Asset and liability management of financial institutions; emphasis on commercial bank management.

Prerequisite(s): BFIN 385 or BFIN 503.

BFIN 590. Selected Topics

1-3 Credits (1-3)

Current topics in finance. Taught with BFIN 490 with differentiated assignments for graduate students. Consent of instructor required.

BFIN 598. Special Research Programs

1-3 Credits

Directed individual reading or research.

Prerequisite: consent of instructor.

Name: Ken Martin

Office Location:  Business Complex, Room 215

Phone: (575) 646-3201

Website: http://business.nmsu.edu/academics/finance/