FBE Course Description

Elective Course Guide

Finance and Business Economic (FBE) Course Descriptions

The number in parentheses ( ) following each course title refers to the number of units the course is or can be worth.

501 Investment Banking Fundamentals (1.5) The role of an investment banking associate. Students will effectively function as a junior banker through a sell-side merger and acquisition (M & A) process.
506ab Quantitative Methods in Finance (3) The development of mathematical and statistical methods used in modern finance and economics. Open to MS in Finance students only.
515 Deals (3) Register for LAW-815 Examines the collaboration between business people aiming to accomplish a goal and lawyers translating their business objectives into contract language to achieve the goal.
523 Venture Capital and Private Equity (3) Advanced analysis of the economics of the private equity markets. Consider and value private securities in venture capital, initial public offerings, and leveraged buyouts. Prerequisite: GSBA 521ab or GSBA 548 or MBA-level Corporate Finance course.
524 Money and Capital Markets (3) Review of financial institutions and markets, the determinants of interest rates, the impact of government regulation and policy on the financial system. Prerequisite: GSBA 521ab or GSBA 548 or MBA-level Corporate Finance.
525 Financial Institution Management, Strategy and Valuation (3) Application of economic and financial analytic techniques to the managerial problems of financial institutions and implications for financial firm strategy and valuation. Prerequisite:GSBA 521ab or GSBA 548 or  MBA-level Corporate Finance course.
526 Macroeconomic Analysis for Business (3) The economic environment of business: American economic and social goals and policies and their impact on business; growth, stability, and the new priorities; international forces influencing business.
527 Entrepreneurial Finance: Financial Management for Developing Firms (3) Internal financial management of developing firms. Cash flow analysis; capital budgeting; sources of financing; risk analysis; measurement of profits; and mergers and acquisitions. Prerequisite: GSBA 521ab or GSBA 548 or MBA-level Corporate Finance course.
529 Financial Analysis and Valuation (3) An applications-oriented course to develop the financial and accounting tools required to do financial planning valuation and assessment of financial performance. Prerequisite: GSBA 521ab or GSBA 548 or MBA-level Corporate Finance course.
531 Corporate Financial Policy and Corporate Governance (1.5 or 3) Advanced analysis of the determinants of corporate capital structure and payout policies, allocation and value of corporate control, and security issuance and retirement. Prerequisite: GSBA 521ab or GSBA 548 or MBA-level Corporate Finance course.
532 Corporate Financial Strategy (3) Linkage between financial theory and policy and corporate strategy; the role of financial managers in developing corporate strategy; applications of concepts and techniques using cases. Prerequisite: GSBA 521ab or GSBA 548 or MBA-level Corporate Finance course.
533 CEO Pay, Corporate Governance, and the Politics of Finance (3) Explores how value is created (or destroyed) in organizations, focusing on compensation and incentive systems and the causes and consequences of government (and populist) intervention. Prerequisite: GSBA 521ab or GSBA 548 or MBA-level Corporate Finance course.
535 Applied Finance in Fixed Income Securities (1.5 or 3) The basic principles underlying fixed income securities and how these principles apply to the practical aspects of fixed income management. Prerequisite: GSBA 521ab or GSBA 548 or MBA-level Corporate Finance course.
540 Hedge Funds (3, FaSp) Introduction to the investment strategies used by hedge funds, the quantitative tools and business plans used to implement them. Prerequisite: GSBA 521ab or GSBA 548 or MBA-level Corporate Finance course. Recommended Preparation: Statistics and Calculus.
543 Forecasting and Risk Analysis (3, Irregular) Application of econometric tools and versions of Capital Asset Pricing Models to estimate financial risk and stock market risk premia for portfolio management. Prerequisite: GSBA 521ab or GSBA 548 or MBA-level Microeconomics and Statistics.
550 High Yield Bond Investing - Managing Credit Risk (1.5) Review the structure of the high yield bond market. Develop a practical approach to assess credit risk and understand how deals are structured and priced.
553ab Applied Portfolio Management (a: 3, ; b: 3) a: Application of portfolio management techniques in a laboratory setting. Stock selection, asset allocation, industry analysis, investment thesis research; off-site visits; oral and written presentations. Prerequisite: GSBA 521ab or GSBA 548; corequisite: FBE 555. b: Application of advanced portfolio management techniques in a laboratory setting. Bond portfolio management, quantitative stock screens, derivatives trading, portfolio optimization. Off-site visits and presentations. Enrollment restricted to Student Investment Fund students only. For more information about SIF visit http://students.marshall.usc.edu/cis/sif/.
554 Trading and Exchanges (3) Theories, practices, and technologies of trading at exchanges and in dealer networks. Sources of liquidity, volatility, profitability, and institutional change. Domestic and international public policy issues. Prerequisite: GSBA 521ab or GSBA 548 or MBA-level Corporate Finance course.
555 Investment Analysis and Portfolio Management (3) Analysis and management of common stocks and fixed income securities; development of modern portfolio theory and the efficient market hypothesis; organization of securities markets. Prerequisite: GSBA 521ab or GSBA 548 or MBA-level Corporate Finance course.
557 Business Law and Ethics (3) Business law of traditional and e-contracts, UCC, crimes, torts, employment, ethics, social responsibility, intellectual property, digital law, e-commerce, accountants' liability, property, estates, and government regulation.
558 Legal Environment of Business and Corporate Governance (3) Legal environment of agency law, general and limited partnerships, limited liability companies, corporate formation and financing, corporate governance, securities law, acquisitions, bankruptcy. and business ethics.
559 Management of Financial Risk (3) Analysis of commodity, futures, and options contracts; theoretical and empirical approaches; spot and futures price relationships, speculation and hedging strategies; market efficiency. Prerequisite: GSBA 521ab or GSBA 548 or MBA-level Corporate Finance course.
560 Mergers and Acquisitions (3) Practical application of the critical components of mergers and acquisitions: deal flow strategies, preliminary negotiations, deal structures, due diligence, valuation, post-merger integration, and regulations. Prerequisite: GSBA 521ab or GSBA 548 or MBA-level Corporate Finance course.
563 Global Trade and Finance (3) Impact of trade globalization in goods, services and financial securities on business decisions; special attention to foreign currency markets, foreign investments and international portfolios investments.
564 International Financial Management (3) Financial management of the multinational firm; legal entities and taxation abroad; risk in foreign operations; strategies in foreign exchange, money and capital markets and institutions. Prerequisite: GSBA 521ab or GSBA 548 or MBA-level Corporate Finance course.
565 Economics of Urban Land Use: Feasibility Studies (3) Economic, market and financial analysis related to feasibility of real estate development; theory and case analysis. Prerequisite: GSBA 521ab or GSBA 548 or MBA-level Corporate Finance course.
570 Advanced Topics in Real Estate Finance (3) Current topics in real estate finance including sources of equity and debt, the role of capital markets, REITs, conduits, portfolio analysis, and acquisition of distressed assets. Cases and analytic methods. Prerequisite: GSBA 521ab or GSBA 548 or MBA-level Corporate Finance course; recommended preparation: FBE 591.
571 Introduction to Financial Analysis: Practicum (3) A.k.a. CFA I. Introductory financial analysis (tools, techniques) practicum emphasizing practical application of asset valuation and portfolio management techniques for those with little previous experience. (Duplicates credit in FBE 572 and FBE 573.) Graded CR/NC. Prerequisite: GSBA 521ab or GSBA 548 or MBA-level Corporate Finance course.
572 Intermediate Financial Analysis: Practicum (3) A.k.a. CFA II. This practicum emphasizes asset valuation, including applications of tools and inputs (including economics, accounting, and quantitative techniques) in asset valuation for those with prior experience. (Duplicates credit in FBE 571 and FBE 573.) Graded CR/NC. Prerequisite: GSBA 521ab or GSBA 548 or MBA-level Corporate Finance course.
573 Advanced Financial Analysis: Practicum (3) A.k.a. CFA III. This is an advanced practicum emphasizing portfolio management skills, including applied strategies (tools, inputs) in equity and fixed-income management for those with extensive prior experience. (Duplicates credit in FBE 571 and FBE 572.) Graded CR/NC. Prerequisite: GSBA 521ab or GSBA 548 or MBA-level Corporate Finance course.
588 Advanced Real Estate Law (3) Legal aspects of real estate transactions; partnerships, syndicates, and other ownership forms. Legal aspects of land use control, zoning and environmental impact reports. (Duplicates credit in RED 562.)
589 Mortgages and Mortgage-Backed Securities and Markets (3) Valuation and analysis of residential and commercial mortgages and mortgage-backed securities and related markets. Prerequisite: GSBA 521ab or GSBA 548 or MBA-level Corporate Finance course.
591 Real Estate Finance and Investment (3) Analysis of investment in and financing of real estate assets including projections, valuation, deal structure, contracts, portfolio and tax and entity considerations. Prerequisite: GSBA 521ab or GSBA 548 or MBA-level Corporate Finance course.
592 Field Research in Finance or Business Economics (.5-4, repeatable subject to program director approval) Individual or team projects studying the business practices of an industry, company, government agency, country, geographic region, etc. Proposal, data collection, analyses, and written report. Recommended preparation: completion of required M.B.A., MSF, M.Acc., or M.B.T. course work. Visit the Independent Study page of this site for instructions and the application. Graded CR/NC.
593 Independent Research in Finance or Business Economics (.5-4 repeatable subject to program director approval) Individual research beyond normal course offerings. Proposal, research and written report/paper required. Recommended preparation: completion of required M.B.A., MSF, M.Acc., or M.B.T. course work. Visit the Independent Study page of this site for instructions and the application. Graded CR/NC
595 Internship in Finance or Business Economics (.5-2 repeatableunits credited toward degree usually limited to 1) Supervised on-the-job business experience in the student's area of interest. (Curricular Practical Training) Recommended preparation: completion of required M.B.A., MSF, M.Acc., or M.B.T. course work. Visit the Independent Study page of this site for instructions and the application. Graded CR/NC.
596 Research Practicum in Finance or Business Economics (.5-2 repeatable subject to program director approval) Hands-on practical experience working with a Marshall faculty member from the Department of Finance and Business Economics on an ongoing research project. Recommended preparation: completion of required M.B.A., MSF, M.Acc., or M.B.T. course work. Visit the Independent Study page of this site for instructions and the application. Graded CR/NC.
597 Consulting Project in Finance or Business Economics (.5-5 repeatable subject to program director approval) Individual or team projects solving real business problems for an existing business entity, domestic and/or international. Proposal, field research, analyses and oral and written presentations. Recommended preparation: completion of required M.B.A., MSF, M.Acc., or M.B.T. course work. Visit the Independent Study page of this site for instructions and the application. Graded CR/NC.
598 Special Topics (1, 1.5, 2, or 3, max 9) Current developments in the field of Finance and Business Economics; topics to be selected each semester. Graded CR/NCr.
599 Special Topics (1, 1.5, 2, or 3, max 9) Current developments in the field of Finance and Business Economics; topics to be selected each semester. Letter-graded.

Not all courses are offered every semester. To view class schedules, please visit the USC Schedule of Classes at www.usc.edu/soc or www.marshall.usc.edu/registrationpolicies - Marshall Graduate Student Resources - Graduate Electives Planning Matrix.