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 2016
  • 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 BSB 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 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)
· FINA 4920 - Topics in Finance (2.0-4.0 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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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
Prerequisites: 3001, CSOM major
Grading Basis: A-F or Aud
Typically offered: Every Fall & Spring
Valuing fixed income securities. Term structure on interest rates. Forward rates. Fixed income valuation. Treasury, corporate, municipal, and securitization markets. prereq: 3001, CSOM major
FINA 4122 - Banking Institutions
Credits: 2.0 [max 2.0]
Prerequisites: 3001, 4121, CSOM major
Grading Basis: A-F or Aud
Typically offered: Every Spring
Management of banking institutions. Commercial banks, thrifts. Theory/practice in banking. Asset management, liability management, capital management. Public policy issues.
FINA 4221 - Principles of Corporate Finance
Credits: 2.0 [max 2.0]
Course Equivalencies: 01585 - Fina 4221/Fina 4241
Prerequisites: 3001, CSOM major, actuarial science major
Grading Basis: A-F only
Typically offered: Every Fall & Spring
Theoretical/applied corporate finance, impact on investment decisions. Financing decisions, payout decisions, tax effects, managerial incentives. prereq: 3001, CSOM major, actuarial science major
FINA 4321 - Portfolio Management and Performance Evaluation
Credits: 2.0 [max 2.0]
Course Equivalencies: 02135
Prerequisites: 3001, CSOM major, can take &4522
Grading Basis: A-F or Aud
Typically offered: Every Fall, Spring & Summer
Investment environment. Concepts used to manage security portfolios. Risk/return tradeoffs, diversification. Asset allocation, Active portfolio management versus indexed portfolios. Portfolio performance evaluation. prereq: 3001, CSOM major, can take concurrent registration is required (or allowed) in 4522
FINA 4325 - Behavioral Finance
Credits: 2.0 [max 2.0]
Prerequisites: 4321 or 4321H
Grading Basis: A-F only
Typically offered: Every Spring
How to use psychology/realistic settings to guide/develop alternative theories of financial market. How insights of behavioral finance complement traditional paradigm/shed light on trading patterns, behavior of asset prices, corporate finance, various Wall Street practices. 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
Projecting financial statements to identify financing needs and perform DCF analysis in decision making. APV-, FCF-, and WACC-based methods. prereq: 3001, 4221, ACCT 5100 or 5101, CSOM major
FINA 4522 - Options & Derivatives I
Credits: 2.0 [max 2.0]
Course Equivalencies: 01588 - Fina 4522/Fina 4523
Prerequisites: 3001, 4121 or 4121H, 4321 (can be concurrent)or 4321H (can be concurrent), CSOM major
Grading Basis: A-F only
Typically offered: Every Fall & Spring
Forwards/futures, options, swaps. Markets these derivatives trade in, their valuation, how they are used to speculate/manage risk in financial markets. Multi-period binomial model. prereq: 3001, 4121 or 4121H, 4321 (can be concurrent)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 - Fina 4621/Fina 4641
Grading Basis: A-F only
Typically offered: Every Fall & Spring
Survey of macroeconomic policies in emerging markets and developed countries. International dimensions of corporate finance. Exchange rates, interest rate parity, trade deficit/surplus. prereq: 3001, CSOM major
FINA 4622 - International Finance
Credits: 2.0 [max 2.0]
Prerequisites: CSOM major, 3001, 4121 or 4121H, 4221
Grading Basis: A-F only
Typically offered: Every Fall
Corporate investment, risk management decision making in international context. International capital markets, cost of capital in emerging economies. Measuring/managing currency risk. prereq: CSOM major, 3001, 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 - Topics in Finance
Credits: 2.0 -4.0 [max 4.0]
Typically offered: Periodic Fall, Spring & Summer
Topics vary.
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]