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 2020
  • Required credits in this minor: 19
See Finance & Risk Management 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 pursing a BSB degree in the Carlson School or to students who are pursuing an actuarial science emphasis in the math major.
For information about University of Minnesota admission requirements, visit the Office of Admissions website.
Required prerequisites
Prerequisites
ACCT 2050 - Introduction to Financial Reporting (4.0 cr)
or ACCT 2050H - Honors: Introduction to Financial Reporting (4.0 cr)
FINA 3001 - Finance Fundamentals (3.0 cr)
or FINA 3001H - Honors: Finance Fundamentals (3.0 cr)
Minor Requirements
At least 3 upper-division credits in the minor must be completed at the University of Minnesota Twin Cities.
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 3061 - Business Law Basics (2.0 cr)
· BLAW 3062 - Contract Law and Corporate Regulation (2.0 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 4242W - Corporate Investment Decisions [WI] (4.0 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 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)
· MATH 4065 - Theory of Interest (4.0 cr)
· MATH 5067 - Actuarial Mathematics I (4.0 cr)
 
More program views..
View college catalog(s):
· Curtis L. Carlson School of Management

View sample plan(s):
· Risk Management & Insurance Minor

View checkpoint chart:
· Risk Management and Insurance Minor
View PDF Version:
Search.
Search Programs

Search University Catalogs
Related links.

Curtis L. Carlson School of Management

TC Undergraduate Admissions

TC Undergraduate Application

One Stop
for tuition, course registration, financial aid, academic calendars, and more
 
ACCT 2050 - Introduction to Financial Reporting
Credits: 4.0 [max 4.0]
Course Equivalencies: 00458 - Acct 2050/ApEc 1251
Grading Basis: A-F or Aud
Typically offered: Every Fall, Spring & Summer
Introduction to financial accounting for U.S. organizations. Reading financial statements. prereq: Soph
ACCT 2050H - Honors: Introduction to Financial Reporting
Credits: 4.0 [max 4.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall & Spring
Introduction to financial accounting for U.S. organizations. Reading financial statements.
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
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 3061 - Business Law Basics
Credits: 2.0 [max 2.0]
Grading Basis: A-F only
Typically offered: Every Fall & Spring
This course provides a broad background in the fundamentals of many business law topics that are important to any businessperson. NOTE: This course is designed for students who do not have knowledge or experience with any aspect of business law. There is no prerequisite for this course. The goal is to provide basic concepts that can be used throughout your career to spot legal issues, identify potential concerns, and with the aid of counsel, solve or avoid problems. General topics include: various legal entities in which business can be conducted, tort law (with emphasis on negligence), real estate law, the law of agency, intellectual property (patents, copyrights, trade secrets and trademarks), warranty law, product liability, employment law, certain discrimination laws (including Minnesota?s fairly recent protections for women in the workplace), alternative dispute resolution and administrative law. Throughout the course, we will examine the impact of the Supreme Court on American business. NOTE: Students who previously took BLAW 3058 (4 credit course) should NOT take this course.
BLAW 3062 - Contract Law and Corporate Regulation
Credits: 2.0 [max 2.0]
Grading Basis: A-F only
Typically offered: Every Fall & Spring
This course highlights topics that are important to any business major, with particular emphasis on publicly-traded companies. NOTE: This course is designed for students who do not have knowledge or experience with any aspect of business law. There is no prerequisite for this course. General topics include: (1) the law of contracts and transactions involving the sale of goods, (2) secured transactions (how creditors can use a debtor?s assets as collateral to secure indebtedness), and (3) the basics of bankruptcy law. Public company subjects include: pros and cons of going public, the IPO process, federal securities laws and SEC regulations regarding public company reporting requirements, insider trading, the Sarbanes-Oxley Act of 2002 and its impact on corporate governance, trends in shareholder democracy rights and shareholder activism, and the role of boards and audit committees. Throughout the course, we will examine the impact of the Supreme Court on American business. NOTE: Students who previously took BLAW 3058 (4 credit course) should NOT take this course.
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 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 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 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.
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]