Twin Cities campus
 
Twin Cities Campus

Risk Management and Insurance Minor

Finance
Curtis L. Carlson School of Management
  • Program Type: Undergraduate minor related to major
  • Requirements for this program are current for Fall 2014
  • Required credits in this minor: 12
See major description for more information.
Program Delivery
This program is available:
  • via classroom (the majority of instruction is face-to-face)
Minor Requirements
This minor is only available to students who are pursing a B.S.B. degree in the Carlson School or to students who are pursuing an actuarial science emphasis in the math major.
Minor Courses
INS 4100 - Corporate Risk Management (2.0 cr)
INS 4101 - Employee Benefits (2.0 cr)
INS 4200 - Insurance Theory and Practice (2.0 cr)
Electives
Take 6 or more credit(s) from the following:
· ACCT 5101 - Intermediate Accounting I (4.0 cr)
· BLAW 3058 - The Law of Contracts and Agency (4.0 cr)
· FINA 4121 - Financial Markets and Interest Rates (2.0 cr)
· FINA 4122 - Banking Institutions (2.0 cr)
· FINA 4221 - Principles of Corporate Finance (2.0 cr)
· FINA 4224 {Inactive} (2.0 cr)
· FINA 4321 - Portfolio Management and Performance Evaluation (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)
· HRIR 5654 {Inactive} (2.0 cr)
· MATH 4065 - Theory of Interest (4.0 cr)
· MATH 5067 - Actuarial Mathematics I (4.0 cr)
 
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· Curtis L. Carlson School of Management

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· Fall 2018
· Fall 2016

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INS 4100 - Corporate Risk Management
Credits: 2.0 [max 2.0]
Typically offered: Every Fall & Spring
Theory applied to corporate risk management and insurance practices. Identification, measurement, and treatment of an organization.s financial risks integrated with its property, liability, workers compensation, and human resource risks. Selection and application of risk control and risk financing tools: risk retention, reduction and transfer, including insurance.
INS 4101 - Employee Benefits
Credits: 2.0 [max 2.0]
Typically offered: Every Fall
Design/administration of employee benefit plans/pension. Health insurance, disability plans. Salary reduction/deferred compensation programs. Multiple employer trusts. Alternative funding methods, including self-insurance. Ethical issues, legal liability, compliance.
INS 4200 - Insurance Theory and Practice
Credits: 2.0 [max 2.0]
Typically offered: Every Spring
Risk theory is applied to practices in health, liability, life, property, and workers compensation insurance. Insurance marketing, pricing, underwriting, and claims administration, with adverse selection and moral hazard effects. Policy issues of tort versus no-fault compensation systems. Self-insurance and integrated risk financing methods.
ACCT 5101 - Intermediate Accounting I
Credits: 4.0 [max 4.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall & Spring
Valuation, measurement, reporting issues related to selected assets/liabilities of firm. Theory underlying accounting issues. Applying accounting principles. prereq: Grade of at least B- in 2050, mgmt major or mgmt grad student, accounting certificate, select non mgmt students
BLAW 3058 - The Law of Contracts and Agency
Credits: 4.0 [max 4.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall & Spring
Origin of law, its place in and effect on society; history and development of law; system of courts; legal procedure. Law of contracts as the basic law affecting business transaction. Laws affecting the sale of goods and contracts and the law of agency.
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 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 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 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 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
MATH 4065 - Theory of Interest
Credits: 4.0 [max 4.0]
Grading Basis: A-F only
Typically offered: Every Fall & Spring
Time value of money, compound interest and general annuities, loans, bonds, general cash flows, basic financial derivatives and their valuation. Primarily for students who are interested in actuarial mathematics. prereq: 1272 or 1372 or 1572
MATH 5067 - Actuarial Mathematics I
Credits: 4.0 [max 4.0]
Typically offered: Every Fall
Future lifetime random variable, survival function. Insurance, life annuity, future loss random variables. Net single premium, actuarial present value, net premium, net reserves. prereq: 4065, [one sem [4xxx or 5xxx] [probability or statistics] course]