Finance, Insurance, Real Estate and Law

Business Law, BLAW = 0325

Finance, FINA = 0330

Insurance, INSU = 0335

Real Estate, REAL = 0340

Business Law, BLAW = 0325

4430. Legal Organizations and Financial Transactions. 3 hours. Legal aspects of agency, partnerships, corporations, commercial paper, secured transactions and bankruptcy. Prerequisite(s): BLAW 3430 or consent of instructor.

4450. Corporation Law. 3 hours. A course developing the law concerning the powers, duties and responsibilities of corporate managers to their organizations, to investors, to creditors, to the state and to the general public under state corporation codes and state and federal securities legislation.

4480. International Business Law. 3 hours. Examination of selected aspects of international legal environment affecting transnational commerce. Consideration of relevant U.S. constitutional, treaty and statutory provisions; international conventions and agreements; sovereign immunity and act of state doctrines, nationalization and expropriation. Prerequisite(s): BLAW 3430 or equivalent, or consent of instructor.

4600. Current Topics in Business Law. 3 hours. Designed to provide information on the legal environment of specified functional areas as required by developing trends and/or changes in the law. May be repeated for credit as topics vary.

4770. Real Estate Law. 3 hours. Legal principles governing real estate transactions, sales contracts, deeds, mortgages, title insurance, and Texas community property and homestead laws.

5050. Legal and Ethical Environment of Business. 3 hours. Designed to explore the historical, philosophical and ethical bases of the legal systems; the functions, policies and procedures of administrative agencies; and ethical issues with impact on business organization and structure, as well as commercial practices.

5400. Law for Accountants and Managers. 3 hours. A study of and practice in the technique of analyzing law problems and cases affecting accountants and managers. Topics include legal responsibility, business organizations, contracts, debtor-creditor relations, government regulation, uniform commercial code and property rights.

5600. Current Topics in Law. 3 hours. Designed to provide information on the legal environment of specified functional areas as required by needs of functional areas and/or changes in the law. May be repeated for credit as topics vary.

5760. Insurance Law. 3 hours. Designed to lead the student into a study of fundamental legal doctrines and concepts applicable to the field of insurance. Includes contract law, parties to the contract, insurable interest, agency powers, waiver and estoppel, warranties, representations and concealments, the rights of the beneficiary, and provisions controlling and limiting loss. Pertinent to the life-health and property-liability insurance areas.

5770. Advanced Real Estate Law. 3 hours. In-depth study of real estate documentation and the exploration of legal principles governing real estate transactions. Course of study includes purchase agreements, leases, deeds, mortgages, title insurance and Texas community property and homestead laws.

5900. Special Problems. 1-3 hours. Open to graduate students who are capable of developing a problem independently. Problem chosen by the student and developed through conferences and activities under the direction of the instructor. Prerequisite(s): approved applications for special problems/independent research/dissertation credit must be submitted to the COBA Student Advising Office prior to registration.

6790. Legal Aspects of Higher Education. 3 hours. Legal aspects and issues affecting institutions of higher learning and their administrations, faculties and students. Analyses of decisions rendered by the federal and state courts concerning procedural and substantive due process, civil rights, and the operation and function of higher education. (Same as EDHE 6790.)

Finance, FINA = 0330

4200. Investments. 3 hours. First course for the individual investor. Idea of investment value; necessary prerequisites for an investment program; policies; economic and industry factors; introduction to security analysis and valuation; operation of security markets; security laws. Prerequisite(s): FINA 3770 and ACCT 2020 and 2030, or equivalent with grades of C or better.

4210. Special Topics in Investments. 3 hours. Review of markets; determinants of interest rates and bond prices; forecasting of stock prices, including technical, psychological, cyclical and monetary indicators; trading strategy and tactics; market imperfections; options; futures markets; portfolio theory; and other relevant topics. Prerequisite(s): FINA 4200 with a grade of C or better or consent of department.

4300. Liquidity and Working Capital Management. 3 hours. Analyzing issues related to corporate liquidity problems and solutions related to the management of short-term assets and liabilities. Prerequisite(s): FINA 3770 with a grade of C or better.

4310. Valuation and Financial Decisions. 3 hours. This course develops a conceptual valuation framework for investment, capital structure and dividend decisions. Each is examined for its impact on the risk return characteristics of the firm. In addition, long-term financing decisions are discussed. Prerequisite(s): FINA 3770 with a grade of C or better.

4400. Financial Markets and Institutions. 3 hours. Studies in the operations, mechanics and structure of the U.S. financial system. Topics include commercial banking, non-bank financial institutions, money and capital markets, the impact of monetary policy on financial institutions and markets, and an introduction to the international financial system. Prerequisite(s): FINA 3770 with a grade of C or better.

4410. Management of Financial Institutions. 3 hours. Studies in the management of financial institutions. Case problems and computer simulation models are used to improve the student's decision making ability. Prerequisite(s): FINA 4400 with a grade of C or better.

4500. International Finance. 3 hours. International and regional financial institutions and arrangements; balance of payments, theory, adjustments and impact on world trade; role of commercial and central banks in financing international flow; financing exports and imports; the instruments and markets of foreign exchange; determination of exchange rates. Prerequisite(s): FINA 3770 with a grade of C or better.

4610. Personal Financial Planning. 3 hours. Designed to prepare students to assist individuals in their financial planning and strategy, including analysis of needs, insurance and investment programs, tax planning and shelters, trusts, tangibles and retirement planning. Study includes readings and analysis of cases. Prerequisite(s): FINA 4200 and INSU 3200 or 4200 with a grade of C or better.

4800. Internship. 3 hours. Supervised work in a job relative to student's career objective. Prerequisite(s): student must meet the employer's requirements and have consent of the department chair. Pass/no pass only.

5040. Finance: Concepts and Environments. 3 hours. The nature, functions and relationships of financial institutions, money markets and capital markets. Lecture and case study of investment banking, commercial banking, mortgage banking, consumer financing, organized security exchanges, and governmental fiscal and monetary controls. Prerequisite(s): ACCT 2020 and 2030, or 5020. This course meets the deficiency requirement in finance for MBA candidates, and may be counted as part of a graduate program in a field other than business administration.

5170. Financial Management. 3 hours. Tools and techniques used and proposed in corporate financial management. Analysis of financial needs, acquisition of financial resources and allocation of funds are covered in readings, case problems and class discussions. Prerequisite(s): FINA 5040 and ACCT 5130, or concurrent enrollment.

5210. Investment Analysis and Management. 3 hours. Economic and industry studies, company analysis, selection of senior securities, theory and application of common stock valuation models, security markets and timing, portfolio management, options and futures markets. Prerequisite(s): FINA 5170.

5220. Advanced Topics in Investments. 3 hours. Traditional and mathematical portfolio selection; portfolio management as it applies to options, futures and fixed-income securities; advanced topics in portfolio theory, portfolio performance measures and valuation models; and other current topics and problems. Prerequisite(s): FINA 5210.

5300. Advanced Case Problems in Financial Management. 3 hours. Case problems and theoretical issues in the financial management of modern corporations, including current asset and working capital management, financial forecasting, capital structure, cost of capital, financing sources, mergers and acquisitions. Prerequisite(s): FINA 5170.

5310. Advanced Topics in Financial Management. 3 hours. Introduces the student to the use of financial decision models. Also focuses on the application of advanced theoretical models and provides an understanding of the interaction of financial decisions. Prerequisite(s): FINA 5170.

5400. Business Conditions and Money Market Analysis. 3 hours. A broadly based course designed to illuminate the nature and history of business and money market fluctuations and to acquaint the student with the analytical methods and statistical tools used in the practical forecasting of business activity. Prerequisite(s): FINA 5170.

5410. Advanced Management of Financial Institutions. 3 hours. Current problems and issues in the management of financial institutions are covered in readings, case problems and computer simulation models. Prerequisite(s): FINA 5400.

5500. The International Monetary and Financial System. 3 hours. Study of the evolution of the international monetary system and its institutions and instruments. Analyses of the balance of payments and its impact on domestic economies and currencies. Theory and financing of foreign trade and investments. Foreign exchange markets and exchange rate behavior in theory and practice. Assessing exposure to the foreign exchange risk and the use of hedging tools and techniques. International money and capital markets, and international banking. Prerequisite(s): FINA 5170.

5510. Multinational Financial Management. 3 hours. The international dimension of the finance function. Analysis of international financial and economic environments facing multinational firms. International money and capital markets. Instruments of international financial management. Selecting and evaluating direct foreign investment opportunities. Theories and practices of financing overseas operations of multinational corporations. Prerequisite(s): FINA 5500.

5900-5910. Special Problems. 1-3 hours each. Open to graduate students who are capable of developing a problem independently. Problem chosen by the student and developed through conferences and activities under the direction of the instructor. Prerequisite(s): approved applications for special problems/independent research/dissertation credit must be submitted to the COBA Student Advising Office prior to registration.

6010. Seminar in Business Administration. 3 hours. Covers one or more special fields. Prerequisite(s): approval of the PhD program adviser in the department. May be repeated for credit, and two or more sections may be taken concurrently.

6100. The Theory of Financial Decisions. 3 hours. Examines the theoretical underpinnings of financial decision making. Explores valuation and the impact on firm value of the investment, financing and dividend decisions under conditions of certainty and uncertainty in both perfect and imperfect markets. Prerequisite(s): FINA 5310 and doctoral standing, or consent of department.

6110. Special Topics in Financial Theory. 3 hours. Emphasizes current issues in theoretical finance. Students explore both current and classic literature and engage in individual research on the issues under consideration. Prerequisite(s): FINA 6100.

6900-6910. Special Problems. 1-3 hours each. Research by doctoral students in fields of special interest. Includes project research studies and intensive reading programs, accompanied by conferences with professors in fields involved. Prerequisite(s): approved applications for special problems/independent research/dissertation credit must be submitted to the COBA Student Advising Office prior to registration.

6940. Individual Research. Variable credit. Individual research for the doctoral candidate. May be repeated for credit. Prerequisite(s): approved applications for special problems/independent research/dissertation credit must be submitted to the COBA Student Advising Office prior to registration.

6950. Doctoral Dissertation. 3, 6 or 9 hours. To be scheduled only with consent of department. 12 hours credit required. No credit assigned until dissertation has been completed and filed with the graduate dean. Doctoral students must maintain continuous enrollment in this course subsequent to passing qualifying examination for admission to candidacy. May be repeated for credit. Prerequisite(s): approved applications for special problems/independent research/dissertation credit must be submitted to the COBA Student Advising Office prior to registration.

Insurance, INSU = 0335

4200. Life Insurance. 3 hours. Economic basis, fundamental principles, types of life insurance and annuity products, pertinent legal concepts, contract provisions, taxation of life insurance and annuity products, nature and operations of companies and financial statements of life insurers; personal and business uses of life insurance and annuity products.

4300. Property and Liability Insurance I. 3 hours. Property and liability exposures to loss, and methods available to treat them; standard fire policy, consequential loss coverage, liability policies and worker's compensation; regulation, claims payment process, underwriting, rate making and reinsurance.

4310. Property and Liability Insurance II. 3 hours. Advanced topics, including ocean marine insurance, inland marine insurance, boiler and machinery insurance, fidelity and surety bonding, crime insurance, credit insurance, and selected commercial multiple-line coverages; insurer operations, including marketing, investments and profitability determinations.

4400. Employee Benefit Programs. 3 hours. Reasons for employee benefit programs and group life, medical expense and disability income insurance programs; health maintenance organizations; pension programs; profit sharing plans; tax considerations and government regulations.

4500. Estate Planning. 3 hours. Planning process and selected techniques for efficient disposition and administration of property interests; various tools, including wills, trusts, life insurance settlement options and powers of appointment; pertinent income, estate and gift tax provisions. Prerequisite(s): ACCT 2020 and 2030 and BLAW 3430; or equivalent experience.

4600. Risk Management. 3 hours. Study of financial effects of pure risk on businesses and not-for-profit institutions; policy, goals, objectives, organization of effort, identification evaluation of risk; selection of risk treatment/financing tools; implementation and review of tools used; probability analyses of data and financial evaluation of alternative tools.

4800. Internship. 3 hours. Supervised work in a job related to student's career objective. Prerequisite(s): student must meet the employer's requirements and have consent of the department chair. Pass/no pass only.

5730. Risk Management Techniques for the Business Executive. 3 hours. Designed to acquaint the student with the economic concept of risk; types of risk and techniques for the discovery, evaluation and treatment of pure risk in the business situation. Examination of the nature of insurance and other risk treatment techniques; the role of the risk manager within the firm; industrial accident prevention as related to the risk manager's role; types of loss and their financial impact on the costs of loss prevention versus its benefits; the risk manager's relationship with insurers; and current problem areas for risk management today, as time allows.

5770. Employee Benefits and Other Business Uses of Life and Health Insurance. 3 hours. Buy-sell agreements for businesses and life/disability income insurance funding, tax implications, group life, medical expense and disability income insurance plans, health maintenance organizations, pension plans, profit sharing plans, individual retirement accounts, Keogh plans, tax implications and regulation.

5780. Financial and Estate Planning. 3 hours. Designed to prepare students to assist individuals with their financial and estate
planning. Study of appropriate strategies, the planning process and pertinent statutes as well as selected tools and techniques utilized in the acquisition, conservation, management and disposition of property. Covers insurance and investment programs, buy-sell agreements, tax planning and shelters, wills, trusts, powers of appointment and other related topics in conjunction with applicable income, gift and estate tax provisions.

5900. Special Problems. 1-3 hours. Open to graduate students who are capable of developing a problem independently. Problem chosen by the student and developed through conferences and activities under the direction of the instructor. Prerequisite(s): approved applications for special problems/independent research/dissertation credit must be submitted to the COBA Student Advising Office prior to registration.

Real Estate, REAL = 0340

4000. Real Estate Finance. 3 hours. Examination of the process and methods of financing both residential and commercial properties. Primary focus is on the lender's perspective in mortgage loan analysis. Prerequisite(s): REAL 2100 and FINA 3770, or consent of department.

4200. Real Estate Asset Management. 3 hours. Examination of the process and methods of managing real assets. Topics include property leasing, marketing, maintenance, personal supervision, taxation and cash flow analysis. Prerequisite(s): REAL 2100 or consent of department.

4300. Real Estate Investments. 3 hours. Analysis of real estate investments during the origination, operation and termination phases. Primary emphasis is on financial feasibility and cash flow analysis. Prerequisite(s): REAL 2100 and FINA 3770, or consent of department.

4400. Real Estate Valuation. 3 hours. Theory and methods of residential and income property appraisal. Topics include real estate market analysis, highest- and best-use analysis and capitalization techniques. Income property valuation techniques are emphasized. Prerequisite(s): REAL 2100 and FINA 3770, or consent of department.

4800. Internship. 3 hours. Supervised work in a job related to student's career objective. Prerequisite(s): student must have 2.8 overall GPA, meet employer's requirements and have consent of department chair. Pass/no pass only.

5350. Introduction to Real Estate and Investment Analysis. 3 hours. An advanced survey course on real estate, including topics in urban land economics, appraisal, law, finance, taxes and investments. Emphasis is on investment analysis of commercial property.

5440. Advanced Real Estate Finance and Analysis. 3 hours. Emphasis on the financial management of real estate assets in an institutional setting with special attention given to evaluation and control of risk and return trade-off by the decision maker. Additional topics to be included are real estate finance instruments, financing techniques, real estate financing institutions and markets. Prerequisite(s): REAL 5350 or consent of department.

5750. Real Estate Market and Feasibility Analysis. 3 hours. Analysis of financial and non-financial factors influencing the investment feasibility of income-producing property. Prerequisite(s): REAL 5350 or consent of department.

5760. Advanced Real Estate Investments and Analysis. 3 hours. Analysis of commercial real estate investments. Focus is on the theory and methods of investment analysis in respect to tax and financial consequences. Prerequisite(s): REAL 5350 or consent of department.

5780. Seminar in Real Estate Research. 3 hours. Reading and analysis of current real estate literature and research. Topics vary. Prerequisite(s): consent of department.

5900. Special Problems. 1-3 hours. Open to graduate students who are capable of developing a problem independently. Problem chosen by the student and developed through conferences and activities under the direction of the instructor. Prerequisite(s): approved applications for special problems/independent research/dissertation credit must be submitted to the COBA Student Advising Office prior to registration.

Undrgraduate Catalog Finance, Insurance, Real Estate and Law Courses

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