Finance

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COMM 203.3
Introduction to Finance
1/2(3L)
Prerequisite(s): COMM 104.

Deals with the functions of the financial manager, including the problems and techniques of financial decision-making. Includes: goals of the firm; management of working capital; financial problems and decisions involving intermediate and long-term financing, capital budgeting under certainty and capital structure as it relates to weighted average cost of capital.

COMM 329.3
Personal Finance
1/2(3L)
Prerequisite(s): COMM 203.

Teaches the skills and techniques of personal financial planning. Topics include the financial life cycle hypothesis and other theories as they apply to individuals and families; the impact of taxation on financial plans; saving and investment planning; consumer credit and debt management; acquisition and sale of personal assets; life, health, accident, disability, auto and home insurance; leisure and recreation planning; personal bankruptcy and insolvency; retirement, wills and estate planning; and the preparation of personal financial plans.

COMM 363.3
Intermediate Corporate Finance
1/2(3L)

Deals with analytical techniques and theory of corporate finance. Covers investment and financing decisions including leasing, take-overs, corporate failures and reorganizations as well as other intermediate-level topics in the area of corporate finance. The concept of financial mobility is also emphasized.

COMM 364.3
Risk and Insurance
1/2(3L)

Deals with the concepts of risk, risk measurement and treatment, the various kinds of insurance including life, health and social security insurance; property and liability insurance; insurance institutions, contracts regulation; other topics include theft insurance; surety bonds, re-insurance, insurance and inflation, and business risk management.

COMM 366.3
International Business Finance
1/2(3L)
Prerequisite(s): COMM 363.

The problems, opportunities and questions confronting the financial management of multinational enterprises are analysed. Consideration is given to macro aspects of international finance including the problems of international liquidity and related institutional developments as inputs to the financial decision making of multinational enterprises.

COMM 367.3
Security Analysis and Evaluation
2(3L)
Prerequisite(s): COMM 363.

The principles and techniques of investing in securities are discussed. The material covers sources and analysis of investment information, evaluation of risks and returns associated with various investment instruments. Security analysis includes fundamental and technical approaches.

COMM 419.3
Derivative Securities
1/2(3L)
Prerequisite(s): COMM 363.

Deals selectively with the theories, strategies and applications of derivative securities. Topics include futures and forward contracts, swaps, standard options, exotic options and other derivative securities on different underlying assets; valuation techniques; empirical studies; governance and regulation of derivative securities trading and exposure; and management of financial risks.

COMM 461.3
Theory of Finance
1(3L)
Prerequisite(s): COMM 207 and 367.

Intensive treatment is given to selected areas in finance, including capital budgeting; cost of capital and capital structure; dividend policy; evaluation of growth and expansion of business firms; evaluation of portfolio performance.

COMM 467.3
Portfolio Theory and Management
1(3L)
Prerequisite(s): COMM 367.

Theory and practice of portfolio management for the purpose of selecting various financial instruments to meet the preference of investors. Topics include: diversification effects, evaluation of performance, timing for buying and selling financial instruments and use of computers, as applied to portfolio management.

COMM 469.3
Management of Financial Institutions
2(3L)
Prerequisite(s): COMM 367.

The managerial problems of some important financial institutions such as chartered banks, insurance companies, trust companies, mortgage and loan companies, pension funds, and investment companies; management techniques of assets and liabilities of these financial institutions; the regulatory environment. This course will be built around case discussion, lectures, and reading material on the latest issues in the management of the relevant financial institutions.