Twin Cities campus
 
Twin Cities Campus

Finance Minor

Finance
Curtis L. Carlson School of Management
  • Program Type: Undergraduate minor related to major
  • Requirements for this program are current for Fall 2020
  • Required credits in this minor: 15
See major description for more information.
Program Delivery
This program is available:
  • via classroom (the majority of instruction is face-to-face)
Admission Requirements
This minor is only available to students who are pursuing a BSB degree at the Carlson School of Management.
For information about University of Minnesota admission requirements, visit the Office of Admissions website.
Required prerequisites
Finance Fundamentals
FINA 3001 - Finance Fundamentals (3.0 cr)
or FINA 3001H - Honors: Finance Fundamentals (3.0 cr)
Minor Requirements
At least 3 upper-division credits of the minor requirements must be completed at the University of Minnesota Twin Cities campus.
Minor Courses
FINA 4221 - Principles of Corporate Finance (2.0 cr)
FINA 4121 - Financial Markets and Interest Rates (2.0 cr)
FINA 4321 - Portfolio Management and Performance Evaluation (2.0 cr)
Electives
Take 6 or more credit(s) from the following:
· FINA 4122 - Banking Institutions (2.0 cr)
· FINA 4234 - Mergers and Acquisitions In Action ? Process and Valuation (2.0 cr)
· FINA 4325 - Behavioral Finance (2.0 cr)
· FINA 4329 - Security Analysis Capstone (2.0 cr)
· FINA 4422 - Financial Modeling (2.0 cr)
· FINA 4522 - Options & Derivatives I (2.0 cr)
· FINA 4529 - Derivatives II Capstone (2.0 cr)
· FINA 4621 - The Global Economy (Macro) (2.0 cr)
· FINA 4622 - International Finance (2.0 cr)
· FINA 4242W - Corporate Investment Decisions [WI] (4.0 cr)
· FINA 4920 - FinanceTopics (2.0-4.0 cr)
· FINA 5422 - Financial Econometrics and Computational Methods I (2.0 cr)
· FINA 5423 - Financial Econometrics and Computational Methods II (2.0 cr)
· IBUS 4125 - Global Banking: A Survey of Regulatory and Competitive Developments Post Financial Crisis (2.0 cr)
 
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FINA 3001 - Finance Fundamentals
Credits: 3.0 [max 3.0]
Course Equivalencies: 00196
Grading Basis: A-F or Aud
Typically offered: Every Fall, Spring & Summer
How competition for capital in Capital Markets establishes metrics and measures used to understand financial performance of the firm. The course introduces the finance view of the firm and the application of value creation principles to firm decision making. Course presents the centrality of cash flows, the theoretical foundations for Time Value of Money, decision tools for investment of capital, basic valuation of stocks and bonds, and the theoretical foundations for the impact of risk on the required return on investor capital. prereq: ACCT 2050, SCO 2550 or equivalent statistics course
FINA 3001H - Honors: Finance Fundamentals
Credits: 3.0 [max 3.0]
Course Equivalencies: 00196
Grading Basis: A-F only
Typically offered: Every Fall
Financial management principles. Money/capital markets, risk/return/valuation triad, capital budgeting. Capital structure, financial leverage. Cost of capital, financial performance measures, dividend policy, working capital management, international financial management/derivatives. prereq: Acct 2050, SCO 2550 or equivalent statistics course
FINA 4221 - Principles of Corporate Finance
Credits: 2.0 [max 2.0]
Course Equivalencies: 01585
Grading Basis: A-F only
Typically offered: Every Fall & Spring
This course evaluates how the financing choices the firm makes influence the creation of firm value and allocation of firm risks among investors. Course presents the debt vs. equity trade-off, tax effects of financing, dividend vs. share repurchases, and the impact on managerial incentives and agency problems. prereq: 3001 or 3001H, CSOM major, math/actuarial science major
FINA 4121 - Financial Markets and Interest Rates
Credits: 2.0 [max 2.0]
Course Equivalencies: 02134
Grading Basis: A-F or Aud
Typically offered: Every Fall & Spring
This course provides a framework to understand how financial markets operate and how they establish the cost of capital demanded by investors through market interest rates. Course presents valuation models for bonds, the impact of the Federal Reserve on the level and term structure of interest rates, measures of interest rate risk, financing markets for securities and how these define the pricing of futures and forward contracts. prereq: 3001 or 3001H CSOM major
FINA 4321 - Portfolio Management and Performance Evaluation
Credits: 2.0 [max 2.0]
Course Equivalencies: 02135
Grading Basis: A-F or Aud
Typically offered: Every Fall & Spring
This course uses statistics to demonstrate how the construction of portfolios of individual securities impacts the risk return trade-off for investors through diversification. Course presents models of pricing investor risk, impact of asset allocation on returns, active versus indexed portfolio management, and approaches to measure value added performance of investment portfolios. prereq: 3001 or 3001H, CSOM major
FINA 4122 - Banking Institutions
Credits: 2.0 [max 2.0]
Grading Basis: A-F or Aud
Typically offered: Every Spring
This course will examine the financial intermediary?s role in the economy and the banking regulatory environment. The course focuses on the role of commercial bank operations, risks, performance and governmental policies regarding commercial banks. The course presents asset, liability and capital management issues and public policy issues. prereq: FINA 4121 or 4121H
FINA 4234 - Mergers and Acquisitions In Action ? Process and Valuation
Credits: 2.0 [max 2.0]
Grading Basis: A-F only
Typically offered: Every Fall
This Action Based Course will explore in an experiential way the methodology corporate managers employ and invest capital to achieve growth and a return to its shareholders through mergers and acquisitions. Starting with the strategic rationale and ending with the challenges of integration, this course will focus on the process used for identifying M&A targets and the methods used in practice to value these transactions. The objectives of the course will be to leverage skills mastered in the core curriculum: finance, marketing, accounting, and operations ? and other related courses that will help you in this class. Prerequisite: Fina 4422
FINA 4325 - Behavioral Finance
Credits: 2.0 [max 2.0]
Grading Basis: A-F only
Typically offered: Every Spring
This course introduces students to how the application of psychology and realistic settings to guide and develop the alternative theories of financial market complements the traditional theoretical finance paradigm. The student will use the insights of behavioral finance to shed light on trading patterns, behavior of asset prices, corporate finance and various other financial topics. prereq: 4321 or 4321H
FINA 4329 - Security Analysis Capstone
Credits: 2.0 [max 2.0]
Course Equivalencies: 01587 - Fina 4322/Fina 4329
Prerequisites: 4121 or 4121H, 4321 or 4321H, 4422, 4522, ACCT 5100 or ACCT 5101
Grading Basis: A-F only
Typically offered: Every Fall & Spring
Valuation of equity securities. Principles. Relationship between various valuation approaches. Tools to test self-designed security selection rules. prereq: 4121 or 4121H, 4321 or 4321H, 4422, 4522, ACCT 5100 or ACCT 5101
FINA 4422 - Financial Modeling
Credits: 2.0 [max 2.0]
Grading Basis: A-F only
Typically offered: Every Fall & Spring
This applied course builds on principles from the prerequisite courses and provides students with significant practice building financial models to identify the free cash flow from and required investment in projects or firms for discounted cash flow and sensitivity analysis. Course presents net operating working capital requirements, Valuation with Free Cash Flow based methods, and the construction of three statement pro-forma cash flow projections. Prereq: FINA 4221, ACCT 5101, CSOM major
FINA 4522 - Options & Derivatives I
Credits: 2.0 [max 2.0]
Course Equivalencies: 01588
Grading Basis: A-F only
Typically offered: Every Fall & Spring
This course provides a comprehensive introduction to derivative contracts and their pay-offs and basic pricing and how they are used to manage risk or speculate in financial markets. Course presents forward and futures contracts, option contracts and swap contracts. prereq: 3001 or 3001H or ApEc 3501, 4121 or 4121H, 4321 or 4321H (can be concurrent), CSOM major
FINA 4529 - Derivatives II Capstone
Credits: 2.0 [max 2.0]
Course Equivalencies: 02086
Grading Basis: A-F only
Typically offered: Every Spring
Quantitatively advanced material such as Black-Scholes model for valuing option sensitivities (the Greeks). Value-at-risk methods. Valuation/uses of credit derivatives such as default swaps/collateralized debt obligations. prereq: 4522 or 4523
FINA 4621 - The Global Economy (Macro)
Credits: 2.0 [max 2.0]
Course Equivalencies: 01590
Grading Basis: A-F only
Typically offered: Every Fall & Spring
This course provides the student with a foundation for understanding the macroeconomics of the global economy with a focus on international financial issues. The course presents macroeconomic models, international capital flows and currency and exchange rate systems. prereq: Fina 3001 or 3001H, CSOM major
FINA 4622 - International Finance
Credits: 2.0 [max 2.0]
Grading Basis: A-F only
Typically offered: Every Fall & Spring
This course provides the student with an understanding of the nature and purposes of financial management in the international context for multinational enterprises and skills in international investment, financing techniques and exchange rate risks. The student will examine barriers to international capital flows and some of the tools used to overcome these barriers. The course presents cost of capital in emerging economies and currency risk management. prereq: CSOM major, Fina 3001 or 3001H, 4121 or 4121H, 4221
FINA 4242W - Corporate Investment Decisions (WI)
Credits: 4.0 [max 4.0]
Course Equivalencies: 01760 - Fina 4229/Fina 4242
Grading Basis: A-F or Aud
Typically offered: Every Fall & Spring
Managing firm's investment in working capital/fixed assets. Capstone course requiring application of corporate valuation principles from earlier coursework to cases involving working capital management, making capital budgeting decisions, targeting/evaluating firm performance, assessing mergers/acquisitions, and other topics. prereq: 3001, 4121 or 4121H, 4321 or 4321H, 4422, 4522, CSOM major
FINA 4920 - FinanceTopics
Credits: 2.0 -4.0 [max 10.0]
Grading Basis: A-F or Aud
Typically offered: Periodic Fall & Spring
Discussion and analysis of current topics and developments in Finance.
FINA 5422 - Financial Econometrics and Computational Methods I
Credits: 2.0 [max 2.0]
Course Equivalencies: 02503
Grading Basis: A-F only
Typically offered: Every Fall
This course provides an introduction to the methods used in empirical finance. A review of statistics is followed by intensive instruction on matrix algebra that culminates in a fundamental understanding of linear regression, the basic empirical tool. Asset pricing theories are discussed and developed and then methods are derived to test them. The course will emphasize estimation and inference using computer-based applications.
FINA 5423 - Financial Econometrics and Computational Methods II
Credits: 2.0 [max 2.0]
Course Equivalencies: 02504
Grading Basis: A-F only
Typically offered: Every Fall
This course builds on Financial Econometrics I and provides instruction on the econometrics used in empirical finance. Topics will include time series analysis, parametric models of volatility, evaluation of asset pricing theories, and models for risk management. The course will emphasize estimation and inference using computer-based applications.
IBUS 4125 - Global Banking: A Survey of Regulatory and Competitive Developments Post Financial Crisis
Credits: 2.0 [max 2.0]
Grading Basis: A-F only
Typically offered: Every Fall
This course provides students with an understanding of the functions of large, global banking organizations. We will start with a review of the impact of the financial crisis on the regulatory landscape, and identify some of the key differences between US, European, and global regulatory frameworks; discuss the different business models adopted by banks in Europe compared to the United States. We will look at how those different business models are reflected in financial statements, and learn how to interpret bank financial statements through ratio analysis. Finally, we will discuss the impact of digital disruption, and how it is forcing banks to consider new strategic directions. Course will include two weeks studying abroad in various European countries. prereq: FINA 4121 and approved education abroad application