Catalog Version

Summer/Autumn 2013
Catalog update:
May 15, 2013

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Students are required to follow the Academic Handbook and Code of Student Responsibility​​

Available to students outside the Driehaus College of Business, a minor in Finance provides a student with a basic foundation in financial management, along with an understanding of financial markets, analysis, and investments.

Declaration Requirements

To declare a minor in Finance, a non-Driehaus student must meet the following requirements:

  • A minimum cumulative DePaul grade point average of 2.700
  • A minimum Finance grade point average of 2.700
  • No grade of IN, R, or lower than C- in any Finance (FIN) course or course used toward the Finance minor
  • Completion of FIN 310 with a minimum grade of B-

Course Requirements

A non-Driehaus student minoring in Finance is required to complete the following courses totaling at least 26.0 hours:

The Department of Finance enforces all course prerequisites; exceptions will not be made.

FIN 380 is a capstone course. It is recommended that students take this course after the completion of all required finance courses.

Degree Conferral Requirements

All Finance (FIN) courses and any other courses used toward the Finance minor must be completed with a minimum grade of C- and with a combined GPA of 2.000 or higher.

FIN 202

QUANTITATIVE REASONING

This course is designed to provide students with an overview of basic statistical tools of financial analysis. Is a course designed to familiarize students with the design and application of spreadsheet models for the analysis of financial data and tests of hypotheses.
Prerequisites:
FIN 310 is a prerequisite for this class.

FIN 310

INTRODUCTION TO FINANCE

This course introduces students to the logic, principles, institutions, and terminology of finance. The goal of the course is to provide students with a basic understanding of the role of finance and its functions. It is designed to familiarize the students with tools necessary for making sound financial decisions, both at a personal level and at an enterprise level.
Prerequisites:
ACC 101, ACC 102, ECO 105, ECO 106 and (MAT 135, MAT 136 and MAT 137 or equivalents) are prerequisites for this class.

FIN 311

CORPORATE FINANCE

The goal of the course is to provide students with the basic tools and theoretical background necessary to understand the corporate financial decision making process. Emphasis is on valuation principles with application to bonds, stocks, and capital budgeting as well as issues involving the capital structure, working capital, and dividend policy.
Prerequisites:
FIN 310 is a prerequisite for this class.

FIN 320

MONEY AND BANKING

The study of money and banking as a means to understanding how operations of our financial institutions affect functioning of our economic system and evaluation of monetary policies and goals.
Prerequisites:
FIN 310 is a prerequisite for this class.

FIN 330

INVESTMENTS: THEORY & PRACTICE

This course focuses on Investment principles and problems. It seeks to develop the student's perception of risks and opportunities in investment instruments and markets. It will inform their description of the markets and the operational effects of current financial events upon the various markets.
Prerequisites:
FIN 202 and 320 are a prerequisite for this class.

FIN 313

INVESTMENT BANKING

This course is designed to provide students with a broad overview of investment banking, the structure of the industry, and analytical tools commonly used in the profession. Students who successfully complete the course will develop the skills necessary for an entry-level analyst position with an investment bank. Spreadsheet skills, valuation methods, company, deal and market analysis will be emphasized. The course will also foster the development of presentation and writing skills through group analysis and preparation of case studies.
Prerequisites:
FIN 310 is a prerequisite for this class.

FIN 323

COMMERCIAL BANKING

The purpose of this course is to analyze the role of commercial banks in the financial system in order to understand the problems and issues confronting bankers now and in the future. The nature of the business of banking will be discussed with particular emphasis on bank mergers and acquisitions; competition from non-banking firms; understanding government policy and how that policy could influence the behavior of banks; measuring and evaluating bank performance; using asset and liability management techniques to gain a greater understanding of the risks that banks face and how they attempt to manage those risks.
Prerequisites:
FIN 320 is a prerequisite for this class.

FIN 333

FINANCIAL STATEMENTS ANALYSIS

Corporate performance and its effects on outstanding securities. Evaluation and interpretation of financial soundness of an enterprise. Economic, management and corporate financial factors as they affect specific security issues.
Prerequisites:
FIN 311 is a prerequisite for this class.

FIN 335

PORTFOLIO MANAGEMENT

Theories and techniques to achieve superior selection and management of securities portfolios. Review and evaluation of significant literature. Problems of timing and strategies in response to changing economic and financial conditions.
Prerequisites:
FIN 330 is a prerequisite for this class.

FIN 340

INTERNATIONAL FINANCE

The objectives of this course include: understanding the effect of political and economic factors on the financial decision-making of the firm, determining the major factors influencing currency value; analyzing and managing the spectrum of risks arising from a firm's international operations; and acquiring knowledge of the international financial system and the major players in that system.
Prerequisites:
FIN 320 is a prerequisite for this class.

FIN 360

IPOs & VENTURE CAPITAL

IPOs and Venture Capital will explore equity financing alternatives for private companies, including their final funding step as a private company - their initial public offering or IPO, when they go public. Although the course has some quantitative elements, the focus will typically be on the analytics - on contract design, optimal regulation, balancing various risks and objectives, and structuring a deal to minimize conflicts of interest and optimize incentives. The main emphasis is on the U.S., but fund-raising methods and options in other countries also will be covered. This course should be useful for those interested in investment banking, venture capital, private equity, or securities law, or those that hope to have a start-up of their own someday.
Prerequisites:
FIN 310 is a prerequisite for this class.

FIN 362

RISK MANAGEMENT

Theories and techniques of risk management that employ statistical techniques which enhance risk decision-making. This course develops a framework of analysis that can be applied by corporate or investment risk managers.
Prerequisites:
FIN 320 is a prerequisite for this class.

FIN 363

DERIVATIVES: PRICING & APPLICATIONS

This is an advanced course that focuses on the pricing models for the four derivative instruments: forwards, futures, options and swaps. The first part of the course is devoted to the two general classes of derivative pricing models: discrete time and continuous time, with each model's properties discussed in detail. These models are then applied to a range of realistic pricing situations which include swaps, exotic options and fixed income derivatives. The course concludes with a detailed examination of value at risk.
Prerequisites:
FIN 330 is a prerequisite for this class.

FIN 380

CASES IN FINANCIAL DECISION MAKING

This is the capstone course for students majoring in Finance. The course applies the case study methodology to hone the student's analytical skills with applied finance issues, as well as to further develop verbal and written communication skills, the ability to work effectively within teams, as well reasoned debate. This course will provide students the opportunity to apply and integrate the knowledge acquired in their previous finance courses.
Prerequisites:
FIN 311, FIN 330, FIN 333, FIN 362 and WRD 202 are a prerequisite for this class.

FIN 393

FINANCE INTERNSHIP

An academically supervised working experience in a major financial institution. Registration in this program requires approval of the department internship director.
Prerequisites:
FIN 310 is a prerequisite for this class.

FIN 395

INVESTMENT SEMINAR

Construction and management of an actual portfolio fund in a nine month seminar setting. Registration requires approval of the seminar director. By application.
Prerequisites:
FIN 320 and FIN 330 are a prerequisite for this class.

FIN 398

SPECIAL TOPICS

Content and format of this course are variable. An in-depth study of current issues in finance. Subject matter will be indicated in class schedule.
Prerequisites:
FIN 310 is a prerequisite for this class.

FIN 399

INDEPENDENT STUDY

Available to students of demonstrated capability for intensive independent work in finance.
Prerequisites:
At least 88 cumulative units is a prerequisite for Business courses that require Junior standing.

RE 350

REAL ESTATE ANALYSIS

This course introduces essential institutional, legal, regulatory, and financial aspects of real estate in the U.S. economy and financial system. It is designed to facilitate personal decisions on home ownership and investment and it incorporates demographic data for real estate market analysis, exercises in land use planning and investment decisions.
Prerequisites:
At least 88 cumulative units is a prerequisite for Business courses that require Junior standing.