*Financial Economics I
MGT 6401 | 2 Credit Hours
This is an intensive two-week course offered prior to Mod 1 to provide students with an introduction to the central themes of finance. We study the basic problems in corporate financial management and investments. The course is organized around the theme of asset valuation. Topics covered include the time value of money, stock and bond valuation, derivative pricing, and market efficiency.

*Professional Development and Communications
MGT 6406 | 1 Credit Hours
The course teaches students to develop communication strategies for realistic business situations. Skills development focuses on networking, personal branding, business writing, oral presentations, and career management. Instructors use videotaping, feedback, and peer evaluations extensively.

*Required Course

^Elective Course

*Econometrics I
MGT 6403 | 2 Credit Hours
Measurement, specification, and estimation of microeconomic models for the purposes of testing hypotheses and forecasting. Analysis of specification of errors in single equation estimation of economic relations and an introduction to the estimation and application of simultaneous equation models.

*Financial Economics II
MGT 6402 | 2 Credit Hours
This Mod 1 MSF course continues the study of corporate financial management and investments initiated in MGT 6401. In this course, we focus on the yield curve, the price behavior of risky securities, the Capital Asset Pricing Model, capital budgeting, and the investor's portfolio optimization problem. We also examine several advanced topics including the Black-Scholes option pricing model and hedge funds.

*Financial Modeling
MGT 6405| 2 Credit Hours
Financial Modeling (MSF) refers to the practice of building a mathematical or computational model to assist in financial decision-making. The key tools of financial modeling are statistics, regression analysis, optimization techniques, and Monte Carlo simulation. This course focuses on the application of these tools to financial problems using Microsoft Excel and real-time data.

*Financial Reporting I
MGT 6410| 2 Credit Hours
This is the first part of the financial reporting course. This two-mod course provides students with refined tools to prepare, understand, and analyze financial statements. The fundamentals of assets, liabilities, and equities covered in MGT 6311 will be reviewed, and the more complex issues surrounding these elements will be unpacked, analyzed, and interpreted. In addition, students will be exposed to the link between the economics of corporate transactions and how those transactions are accumulated, summarized, and reported in the financials of firms. The course considers the financial reporting framework that has been established by International Financial Reporting Standards but will primarily focus on the financial reporting standards established by the Financial Accounting Standards Board (US GAAP). By the completion of this course, students will be comfortable with the preparation of financial statements and the accompanying notes, as well as the economic implications of transactions that are included therein. Students will improve their familiarity with how accounting information is used to evaluate economic conditions and make organizational decisions.

*Required Course

^Elective Course

*Corporate Valuation
MGT 6431 | 2 Credit Hours
This course focuses on providing students with a strong theoretical and applied understanding of the key tools used in equity valuation and stock selection. Approaches to valuation include dividend discount models, cash flow models, and valuation by multiples. Financial statement data are used in developing cash flow forecasts, and market data are used in estimating the cost of capital. The effects of firm financing policy, corporate taxes, and potential investment options are given special consideration. Applications include capital budgeting, the evaluation of potential mergers and acquisitions, and corporate restructuring. The objective of the course is to show how to manage companies to add value.

*Financial Reporting II
MGT 6411 | 2 Credit Hours
This is the second part of the financial reporting course. This two-mod course provides students with refined tools to prepare, understand, and analyze financial statements. The fundamentals of assets, liabilities, and equities covered in MGT 6311 will be reviewed, and the more complex issues surrounding these elements will be unpacked, analyzed, and interpreted. In addition, students will be exposed to the link between the economics of corporate transactions and how those transactions are accumulated, summarized, and reported in the financials of firms. The course considers the financial reporting framework that has been established by International Financial Reporting Standards but will primarily focus on the financial reporting standards established by the Financial Accounting Standards Board (US GAAP). By the completion of this course, students will be comfortable with the preparation of financial statements and the accompanying notes, as well as the economic implications of transactions that are included therein. Students will improve their familiarity with how accounting information is used to evaluate economic conditions and make organizational decisions.

*Required Course

^Elective Course

Choose a minimum of 10 hours from the following:

^Corporate Financial Policy
MGT 6432 | 2 Credit Hours
Examines major policies and financial decisions of a corporation. The topics considered are corporate governance and management compensation plans, optimal capital structure, uses of various financial instruments, bankruptcy and reorganization, security issuance and going private, dividend policy, and repurchase decisions.

^International Financial Markets
MGT 6433 | 2 Credit Hours
Presents financial issues for firms and investors participating in global markets. The topics considered are the international monetary system, foreign exchange markets and the determinants of exchange rates, managing exchange risk, international investments and raising capital in global financial markets.

^Applied Investment Management
MGT 6435 | 2 Credit Hours
The range of available investment opportunities continues to grow at an increasing rate. The ability to (a) quantify the expected return/risk properties of these different opportunities, (b) decide on the optimal allocation of investment funds across available opportunities, and (c) assess the performance of specific strategies after the fact is called applied investment management. This course is intended to provide students with an operational knowledge of applied investment management. The problems addressed are those of the managers of pension funds, endowments, private wealth accounts, mutual funds, hedge funds, and the like. A variety of quantitative techniques including simulation are used to show the actual practice of investment management.

^Bond Markets
MGT 6436 | 2 Credit Hours
Explores the government, municipal, and corporate debt markets. Topics reviewed include the term structure of interest rates, interest rate risk, duration and convexity, and mortgage-backed securities.

^Advanced Corporate Valuation
MGT 6443 | 2 Credit Hours
This course builds on the tools developed in MGT 6431 and applies them to more complex companies and situations. Students will learn to transform financial statements to extract the meaningful cash flow related data. Examples include capitalizing expenses, adjusting for employee stock options or pension benefits. Students will also learn to justify forecasts (e.g. growth, margins) with market and industry research. There is an emphasis on valuing real world companies. The primary context would be investment in or purchase of a public company, but applications to M&A, IPOs, etc. will be discussed. Upon completion a student should be able to value, in detail, any public company accurately.

^Mergers and Acquisitions
MGT 6530 | 2 Credit Hours
Covers some of the major corporate finance activities of investment banks including: mergers and acquisitions, and takeovers and takeover defenses, as well as private financing, asset restructuring, capital restructuring, leveraged buyouts, management buyouts, and leveraged recapitalizations. This course is meant to familiarize students with institutional details and to present a variety of case situations in which corporate valuation, industry and financial analysis, strategic decision making, and financial contracting and design are practiced. Casework represents an integral part of this course and is used to challenge students to structure their own analysis of how corporate finance can be used to create value for shareholders.

^Private Equity and Leveraged Buyouts
MGT 6531| 2 Credit Hours
This course examines the financial, economic, and legal strategies that underlie private equity transactions. The course examines how private equity firms raise money from institutional and individual investors, structure private equity funds, and invest and manage in portfolio companies. Legal, financial, and economic motivations for the different types of private equity fund structures are discussed. A common theme is how financial instruments and legal contracts address predictable conflicts of interest. The course uses cases to highlight important concepts and issues in private equity transactions.

^Derivatives Markets
MGT 6533 | 2 Credit Hours
The objective of the course is to provide students with a working knowledge of derivative contract markets, valuation, and risk management. The course begins by providing a description of derivative markets and why they exist. The focus then turns to valuation. The reason is that it is only through understanding valuation and its assumptions that risk exposures can be measured. And, it is only through accurate risk measurement that risk can be managed. With the tools of valuation and risk measurement in hand, the focus then turns to a variety of actual valuation and risk management problems faced by individuals, firms, institutions, and governments. Included among them are hedging commodity price risks, valuing employee stock options, designing stock price collars, creating passive and dynamic portfolio insurance, structuring protected equity notes, managing interest rate risk exposures, swapping fixed for floating interest rate payments, and managing currency risk exposures. Whenever possible, current derivatives market-related issues are integrated into classroom discussions.

^Financial Data Analytics
MGT 6534 | 2 Credit Hours
This is a course in which you will learn how to acquire, process, and analyze financial data. Specifically, we will cover several different Application Programming Interfaces (APIs) where you can access company fundamental data as well as alternative data (like text).
We will process that data to turn it into something useful, i.e., handle missing data, outliers, distributions as well as compute sentiment scores or readability scores using trained machine learning algorithms. Finally, we will analyze it to make financial decisions such as investments, M&A, or PE/VC deals. There will be an emphasis on workflow automation, generalizability, and handling large amounts of data and distributions rather than analysis of individual firms' financials.

^Corporate Restructuring for Distressed Firms
MGT 6537 | 2 Credit Hours
This course provides a general understanding of a variety of financial restructuring and reorganization techniques. Every topic describes a transaction that restructures or reorganizes the firm in some particular way. The specific objectives of the course include
(1) to build a framework for analyzing various corporate restructuring transactions primarily through techniques of financial analysis, (2) to provide a broad overview of corporate restructuring approaches which can then be critically applied to solve business problems, and (3) to establish an economic perspective from which to assess the corporate and social consequences of alternative corporate restructuring and reorganization techniques. To fully understand financial and economic aspects of the bankruptcy process, we will also examine the legal framework created by the Bankruptcy

Code. This link is important because the Code exerts an important influence on the behavior of corporate managers in financially distressed corporations.

^Machine Learning in Business
MGT 6632 | 2 Credit Hours
This course will help students understand how machine learning and AI are transforming business strategy and models. Students will learn about several common business applications of machine learning such as customer churn models, automated loan approval, customer segmentation, and image recognition. Students should also discover how various AI technologies are changing business strategy and business models, including how to evaluate AI startups and AI assets. We will also address current topics such as bias in AI and explainable AI. We will do this using cases, conceptual readings, and discussion as well as hands-on exercises using Python to build and analyze simple ML models. Starter code will be provided for all exercises; only basic programming experience is required.

^Financial Institutions
MGT 6636 | 2 Credit Hours
This course focuses on the managerial issues in banking and other financial services firms. It examines the specialized contracts used in the financial services industry and the interplay between information, technology, taxation, and regulation in shaping the structure and markets for these contracts.

^Corporate Restructuring for Non-Distressed Firms
MGT 6637 | 2 Credit Hours
This course considers voluntary restructuring and reorganization techniques for non- distressed corporations. Every topic describes a transaction that restructures or reorganizes the firm in some particular way. The specific objectives of the course include:
(1) to build a framework for analyzing various corporate restructuring transactions primarily through techniques of financial analysis; (2) to provide a broad overview of corporate restructuring approaches which can then be critically applied to solve business problems; (3) to establish an economic perspective from which to assess the corporate and social consequences of alternative corporate restructuring and reorganization techniques.

^Entrepreneurial Finance
MGT 6639 | 2 Credit Hours
This course introduces students to the opportunities, challenges, and pitfalls of financing new enterprises. We will explore entrepreneurial financing decisions from a life cycle perspective. The cycle begins with identifying opportunities, moves to marshaling resources to take advantage of these opportunities and executing the business plan, and ends with harvesting the venture's success. We will discuss the various sources of capital for entrepreneurs, including angels, customers, venture capital, and strategic alliances, and analyze how different contracts affect the incentives of financiers and entrepreneurs. We will emphasize the non-financial inputs that sources of financial capital can bring to entrepreneurial ventures.

*Required Course

^Elective Course

Choose a minimum of 8 hours from the following:

^Introduction to Financial Accounting
MGT 6311 | 2 Credit Hours
Studies the basic concepts and limitations of financial accounting. This course covers the financial reporting process and the development, interpretation, and analysis of financial statements for external users, such as investors and creditors.

^Introduction to Managerial Accounting
MGT 6312 | 2 Credit Hours
Focuses on internally available, generally proprietary, accounting information, which is not required for disclosure in external financial statements. Users of these internal information sources are managers, directors, investment bankers, consultants, internal and external auditors, and others. This course is divided into two parts: decision making and performance evaluation. The course begins with a discussion of the basic vocabulary and mechanics of managerial accounting systems. The remainder of the course focuses on identifying and extracting relevant information from managerial accounting systems as an input to decision making and performance evaluation. Course objectives are reinforced through the course readings, case write-ups and discussions, problem solving, and exams.

^Business in the World Economy
MGT 6321 | 2 Credit Hours
Addresses the impact of national and global economic developments on the business environment. The determinants of national income, inflation, interest rates, unemployment rates, business cycles, exchange rates, and foreign investment are discussed, with particular attention to the increasingly important linkages among the world's economies as well as some key institutional differences across countries.
Supplementary case studies and debates provide opportunities to integrate theory with decision analysis.

^Managerial Economics
MGT 6322 | 2 Credit Hours
Problem solving with economics: how to identify profitable decisions using benefit-cost analysis; and how to design organizations that will implement them. Specific topics include: extent, investment, pricing, and long-run strategic decisions, price discrimination, game theory, bargaining, auctions, adverse selection, moral hazard, principal-agent relationships, and organizational design.

^Taxation of Business and Investment Transactions
MGT 6412 | 2 Credit Hours
This course focuses on the fundamental concepts of federal income taxation that apply to business and financial transactions typical of most taxpayers, such as choice of business entity; measurement of taxable income (loss) from operations; acquisitions and dispositions of property; nontaxable exchanges; cost recovery; compensation and retirement planning; and investment and personal financial planning. The objectives of the course are to educate students about the role taxes play in financial and managerial decision-making; provide them with a working knowledge of those principles of tax law that are of wide application and importance; develop their intuition about the likely tax consequences of business and investment transactions; begin developing in them an appreciation of tax planning as a process for maximizing wealth; and give them a good foundation for increasing their tax knowledge through advanced courses, self-education, or on-the-job training. To help students understand and become conversant with the fundamental concepts of federal income taxation, the instructor uses a problem-oriented approach that requires students to apply the more important principles of tax law to discrete factual situations.

^Advanced Cost Accounting
MGT 6416 | 2 Credit Hours
Accounting addresses the measurement, aggregation, and evaluation of economic information useful for decision making. This information is frequently consolidated, organized, and presented in the form of financial statements. MGT 6410 and 6411 address general purpose external financial reports, primarily the balance sheet, income statement, and statement of cash flows. These statements are provided to individuals outside the firm who do not have the authority to compel management to provide the information they desire. These statements are further described as external because their primary users are groups and individuals outside of the firm, such as shareholders, security analysts, and other interested parties. This course focuses on internally available information, much of which is not required for disclosure in the external financial statements. Analysis of such proprietary, internal information, the product of the firms managerial accounting systems, will be the course focus. Users of these internal information sources are managers, directors, investment bankers, consultants, internal and external auditors. This course is not available for students who have taken MGT 6413.

^Corporate Strategies for Environmental, Social, and Governance Issues
MGT 6423 | 2 Credit Hours
Explores this growing trend and its implications for business in today's world and beyond. Environmental management, corporate social responsibility, transparency, and corporate governance have traditionally been viewed as necessary evils that add to the cost structure of business. In this old model, government regulations, threats of consumer boycotts, and other forms of coercive activities were the driving force behind compliance and socially responsible behavior. Many firms have begun to shed this old view of environmental, social and governance (ESG) issues and are embracing ESG as a competitive strategy. We will explore what leading companies are doing in areas such as fair wages, privacy concerns, affirmative action, sexual harassment, employee rights, worker safety, consumer safety, animal testing, human rights, governance, and environmental considerations. Particular attention is paid to understanding whether or not these activities provide firms with a competitive advantage in the marketplace.

^Game Theory and Business Strategy
MGT 6425 | 2 Credit Hours
Game theory is a discipline that offers a systematic way of analyzing problems of strategic behavior in interactive situations. This course develops basic concepts from game theory and applies them to business strategy. Some of the concepts to be considered include (1)

decision tree analysis; (2) looking forward and reasoning backward; (3) anticipating the moves of the rival; (4) inducing cooperation; (5) strategic use of commitments, threats, promises, and credibility; (6) preemptive moves and deterrence; and (7) creating and using one's reputation strategically. The strategic significance of these concepts will be demonstrated through business case studies.

^Commercial Real Estate Transactions
MGT 6434 | 1 Credit Hour
This course will provide a brief overview and introduction to selected topics in the law governing the purchase and financing of real estate, with a particular focus upon commercial transactions. Topics will likely include the following: negotiation and drafting of the purchase sale contract, the buyer's "due diligence" investigation (including coverage of title investigation and the role of title insurance), remedies for breach of contract, negotiation and drafting of the commercial lease, the mortgagedeed of trust, negotiation and drafting of mortgage documentation (e.g., mortgagee's rights to rents, prepayment rights), foreclosure, and the impact of bankruptcy upon the mortgagee's rights.

^Introduction to Commercial Real Estate Finance
MGT 6437 | 2 Credit Hours
This course will introduce students to the world of commercial real estate. Students will learn the terminology used in the industry, the fundamentals of commercial real estate finance including pro forma underwriting techniques for several asset classes, the basics of due-diligence and project selection. The course incorporates a weekend seminar that will introduce students to ARGUS, the real estate industry standard software for projecting cash flows, transaction analysis, and valuation. We will explore careers in real estate and how to properly supplement the MBA and MSF programs to prepare students for a career in commercial real estate. The course includes a team field study project working on an actual real estate development or acquisition.

^Commercial Real Estate Development
MGT 6438 | 2 Credit Hours
This course builds on MGT 6437 and provides an introduction to the practices of real estate investment and development. The course will start by presenting the characteristics of the various types of real estate and will introduce students to real-world examples of each property type. The course will then focus on real estate development, from both an academic and a practical perspective. From an academic perspective, we will examine the development of real estate as a component of the greater spectrum of available real estate investments. We will then put this academic understanding to work by examining the practicalities of developing real estate through a series of cases and real-world situational examples. This class does not count toward the finance concentration.

^Commercial Real Estate Investment
MGT 6439 | 2 Credit Hours
This course builds on MGT 6437 and 6438 by providing a practical look at financing commercial real estate developments and acquisitions. Through case studies, reviews of real deals in the market, and other assignments, students will practice and learn the techniques and methodologies of commercial real estate valuation, lending and equity investment. Upon completion, students will have an understanding of how to evaluate a number of commercial property types, how to establish a business plan for a real estate asset, and how that business plan drives debt and equity structures. The course will be a combination of lecture, analysis, case studies and guest presentations relevant to the material, however a primary emphasis will be placed on the practical applications of analytical and underwriting skills.

^Negotiation
MGT 6448 | 2 Credit Hours
Designed to provide students from all functional backgrounds with skills needed to approach negotiations with confidence. This includes a framework for analysis, knowledge about one's own tendencies in negotiation, and a chance to experiment with negotiating techniques in various contexts. Topics include integrative and distributive negotiations, individual differences in bargaining styles, coalitions, team negotiations, negotiating through agents, and ethical issues in negotiation. The course uses readings and cases, with considerable emphasis placed on negotiation simulations.

^Business Analytics
MGT 6498 | 2 Credit Hours
Efficiently leveraging the abundance of data to make business decisions is key to staying competitive in the digital economy. This course introduces data analytics techniques that cover Perception (understanding what is happening through data), Prediction (what is likely to happen in the future based on past data), and Prototyping (what is likely to work based on pilot tests). Through in-class group exercises, students will learn how to apply appropriate analytics techniques to various business cases in marketing, operations, strategy, and other disciplines. The goal of this course is to understand key principles and processes for analyzing data and to get an introductory exposure to coding in Python and several advanced analytics/machine learning techniques. Starter code will be provided for all exercises and prior programming experience is not required.

^Federal Taxation of Business Entities
MGT 6512 | 2 Credit Hours
This course focuses on the fundamental concepts of federal income taxation that apply to corporations and shareholders. A "cradle to grave" organizational approach is used, emphasizing organization and capital structure of the corporation, dividends and other distributions, stock redemptions, corporate divisions, taxable and tax-free mergers and acquisitions, and liquidation of the corporation. The objectives of the course are not to make students "tax experts", but to sensitize them to the tax implications of transactions involving corporations and shareholders so that, as business managers, entrepreneurs, or advisers, they can spot the tax concerns or opportunities, identify the major tax issues, ask good questions of the "tax experts", and understand the answers received as a critical step in making business and financial decisions that maximize wealth. To help students understand and become conversant with the fundamental concepts of federal income taxation, the instructor uses a problem-oriented approach that requires students to apply the more important principles of tax law to discrete factual situations.

^Financial Statement Analysis
MGT 6513 | 2 Credit Hours
Accounting addresses the measurement, aggregation, and evaluation of economic information useful for decision making. In Financial Statement Analysis, we will focus on a subset of this construct, which is labeled general purpose external financial accounting and reporting. General purpose statements are those provided to individuals who do not have the authority to compel management to provide information they desire. These individuals differ from taxing authorities or others who have not only specialized needs, but also the authority to compel enterprises to furnish the information they desire. General purpose statements are those viewed as suitable for investors, creditors, and other resource providers. External statements are those available to individuals outside of the firm. Managers, directors, and others may have access to additional internal (and often proprietary) information. This course provides a broad framework for using financial statements and other SEC-required regulatory disclosures in business analyses. Emphasis is placed on developing a critical, general manager's perspective for interpreting required financial disclosures, understanding the types of financial information available in the public domain and their purposes, developing an appreciation of (some of) the inherent ethical conflicts that may color managers' and sell-side analysts' disclosures, and formulating an approach to evaluating an enterprise's overall financial reporting and the implications of that analysis from the perspective of a potential shareholder or creditor.

The course objectives are reinforced through the course reading materials, assigned problems, in-class problem solving, and class discussions. This course is useful for individuals planning careers in investment banking, portfolio management, corporate finance, management consulting, and security analysis.

^Accounting for Mergers and Acquisitions
MGT 6514 | 2 Credit Hours
Financial reporting information is organized and presented in consolidated financial statements. This course focuses on general purpose external financial reports, primarily the balance sheet, income statement, and statement of cash flows. We develop a thorough understanding of the consolidation process, whereby the financial statements of the parent entity are combined with acquired subsidiaries over which the parent has control. This process ensures individuals have a sound understanding of the acquisition method, in particular the determination of goodwill, goodwill impairment, and bargain purchase acquisitions. We study foreign currency transactions and the accounting-based hedging of these activities as well as the translation of financial statements for subsidiary operations prepared in a foreign currency. We conclude with a focus on the process underlying segmental financial reporting.

^Introduction to Law and Business
MGT 6517 | 2 Credit Hours
This course is designed to introduce business people to aspects of the American legal system that they will likely confront in their professional lives. The goal is not to train students to deal with specific legal issues on their own - a law student would spend at least an entire semester on any one of the many topics we will touch on in this course - but rather to equip students to be more sophisticated consumers of legal services. Students will be exposed to several substantive areas of law that affect businesses, including contract law, tort law, corporate law, securities regulation, antitrust law, and intellectual property law. The course will also expose students to important structural features of the American legal system.

^Seminar in Monetary and Fiscal Policy
MGT 6524 | 1 Credit Hour
Focuses on current fiscal and monetary problems and policies related to the functioning of and the outlook for the economy in which business operates. The approach is pragmatic and institutional but also involves the basics of how our monetary system operates and the theoretical concepts as they apply to current problems and policies. Distinguished speakers, including top level Federal Reserve and Treasury officials and leading representatives of private research and financial organizations participate in seminar presentations and discussions.

^Property Law for Business Students
MGT 6538 | 1 Credit Hour
This course provides insights into some of the main issues or problems in American property law that can have the largest impact on real estate development and leasing. Some foundational concepts and vocabulary are reviewed, and then the course focuses on potential legal pitfalls in the formation and interpretation of real estate contracts, achieving compliance with zoning and environmental remediation requirements, the role of easements and covenants (especially in the contexts of condominiums and homeowners associations), and potential risks from and responses to condemnation of property by the government and changes in regulations that reduce market value, such as down-zoning or building moratoria. One goal of the course is to provide students with the resources to be intelligent consumers of legal advice, and in particular to know when potentially difficult legal issues are implicated and an expert legal analysis is required.

*Required Course

^Elective Course