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Graduate Studies Calendar 2020-2021 Courses of Instruction Course Descriptions F Finance FNCE
Finance FNCE

For more information about the Faculty offering these courses, see the Haskayne School of Business: haskayne.ucalgary.ca.

Graduate Courses
Finance 601       Managerial Finance
The major decision-making areas confronting modern financial managers today. Provides a general understanding of financial markets and how they can be used for personal finance. Covers traditional subjects such as capital budgeting, net present value, risk/return, capital structure and dividend policy. Topical areas covered are IPOs, mergers and acquisitions, derivatives and options. The course is integrated with current events from the financial world.
Course Hours:
3 units; (3-0)
Prerequisite(s):
Accounting 601.
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Finance 611       Advanced Topics in Financial Administration
Classical and contemporary topics in the theory and practice of financial management including capital structure, cost of capital, real options valuation, bankruptcy costs and debt holder-equity holder conflicts, corporate financial strategy, managerial incentives and financial decisions, information conveyed by financial decisions, and mergers and acquisitions.
Course Hours:
3 units; (3-0)
Prerequisite(s):
Finance 601.
Also known as:
(formerly Finance 751)
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Finance 613       Investment and Portfolio Management
Theory and analysis of investment and portfolio management decisions. Main topics include capital allocation, diversification, risk-assessment, and security (stocks and bonds) valuation.
Course Hours:
3 units; (3-0)
Prerequisite(s):
Finance 601.  
Also known as:
(formerly Finance 759)
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Finance 617       Personal Financial Management in Canada
Introduction to personal financial management in Canada. Goal setting, personal financial statements analysis, the time value of money, the Canadian personal income tax system, taxation issues for small businesses, risk management, an overview of investments, retirement planning and estate planning. Completion of a personal financial plan by the end of the course.
Course Hours:
3 units; (3-0)
Prerequisite(s):
Finance 601.
Also known as:
(formerly Finance 777)
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Finance 631       FinTech
An understanding of fast-moving recent technological improvements in various industries and how they change the conventional thinking and trading in the banking and finance industry.
Course Hours:
3 units; (3-0)
Prerequisite(s):
Finance 601.
Antirequisite(s):
Credit for Finance 631 and Finance 789.06 will not be allowed.
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Finance 645       Futures and Options
After presenting basic definitions, institutional details, and strategies, a general theory of derivative pricing based on the principle of No Arbitrage will be developed. This theory will then be applied to the basic derivative contracts (futures, forwards, put options and call option) as well as exotic options. Using the binomial model, as well as the continuous time model of Black Scholes, hedging and replication will also be examined.
Course Hours:
3 units; (3-0)
Prerequisite(s):
Finance 601.
Also known as:
(formerly Finance 745)
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Finance 647       Capital Budgeting
Capital investment policies, real options, required rate of return calculation, tax factors, risk analysis, buy versus lease, abandonment considerations.
Course Hours:
3 units; (3-0)
Prerequisite(s):
Finance 601.
Also known as:
(formerly Finance 755)
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Finance 649       International Finance
A study of the international financial environment and the issues firms face when operating in this environment. Currency regimes, currency crises, balance of payments, exchange rate and interest rate parity conditions, supernational agencies, political risks, management of foreign exchange exposure are some of the major topics studied.
Course Hours:
3 units; (3-0)
Prerequisite(s):
Finance 601.
Also known as:
(formerly Finance 795)
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Finance 653       Problems in Financial Management
The application of financial management principles to real-world problems in the corporate sector, including such areas as working capital management, project financing, debt vs. equity financing, payout policy and reorganization. Based on case studies and company presentations, supplemented with mini-lectures and guest speakers.
Course Hours:
3 units; (3-0)
Prerequisite(s):
Finance 601.
Also known as:
(formerly Finance 753)
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Finance 657       Management of Financial Institutions
Financial intermediaries such as banking and brokerage. Explains the risks faced by institutions and the integration through modern financial markets. Covers issues such as lending, trading, securitization, deposit insurance and the regulatory environment. Concludes with modern bank management from the shareholder value point of view.
Course Hours:
3 units; (3-0)
Prerequisite(s):
Finance 601.
Also known as:
(formerly Finance 757)
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Finance 659       Mergers and Acquisitions
A study of economic theory and practical issues around takeover strategies, and takeover defence strategies. Valuation issues, corporate restructuring, corporate governance, and methods of ensuring congruence between management and shareholder goals are also discussed.
Course Hours:
3 units; (3-0)
Prerequisite(s):
Finance 601.
Also known as:
(formerly Finance 765)
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Finance 663       New Venture Finance
Problems of valuing and financing new ventures. Emphasis on financial theory, best practices and modelling of new ventures. Case studies and opportunities to develop detailed financial plan for live new venture.
Course Hours:
3 units; (3-0)
Prerequisite(s):
Finance 601 or consent of the Haskayne School of Business.
Also known as:
(formerly Finance 785)
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Finance 667       Financial Risk Management
A framework for evaluating financial risks and managing them with the use of financial securities including derivatives. Includes firm valuation with risk management, value-at-risk, testing financial models, optimal hedging strategies, energy risk management, market risk, static versus dynamic strategies, interest rate risk, credit risk and liquidity risk. Case analysis of financial disasters due to risk management failures.
Course Hours:
3 units; (3-0)
Prerequisite(s):
Finance 601.
Also known as:
(formerly Finance 767)
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Finance 668       Seminar in Financial Management
Intensive study and discussion of current literature and research with respect to selected, advanced topics in Finance.
Course Hours:
3 units; (3S-0)
Also known as:
(formerly Finance 789)
MAY BE REPEATED FOR CREDIT
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Finance 672       Introduction to Finance
Covers the basic analytical tools and theoretical foundations for financial decisions. Topics include financial markets and instruments, time value of money, valuation of assets and projects under certainty and uncertainty, corporate financing policy and financial risk management.
Course Hours:
1.5 units; (3-1T)
Prerequisite(s):
Admission to the Master of Management program.
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Finance 674       Special Topics in Finance
Introduction to modern financial tools and topics such as: blockchain and cryptocurrency trading, initial coin offerings, crowdfunding and peer-to-peer lending, robo-advisors, and machine learning in finance.
Course Hours:
1.5 units; (3-1T)
Prerequisite(s):
Admission to the Master of Management program.
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Finance 737       Corporate Governance for Managers
Presents a broad framework of corporate governance. Topics include: incentive structures, monitoring systems, agency problems, payout policies, capital structure, board and ownership structure, executive compensation, and corporate control.
Course Hours:
3 units; (3-0)
Prerequisite(s):
Admission to the Doctor of Business Administration program.
NOT INCLUDED IN GPA
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Finance 797       Advanced Seminar in Finance

Course Hours:
3 units; (3S-0)
Prerequisite(s):
Consent of the Haskayne School of Business.
MAY BE REPEATED FOR CREDIT
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Finance 799       Doctoral Seminars in Finance

799.01. Theory of Finance

799.02. Empirical Methods in Finance

799.03. Topics in Finance

799.04. Financial Engineering

799.05 Theory of Corporate Finance

799.06 Asset Pricing

799.07 Topics in Asset Pricing and Corporate Finance


Course Hours:
3 units; (3S-0)
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