UT Austin
Graduate Catalog
1999-2001



CONTENTS

CHAPTER 1
Graduate Study

CHAPTER 2
Admission and Registration

CHAPTER 3
Degree Requirements

CHAPTER 4
Fields of Study

CHAPTER 5
Members of Graduate Studies Committees

APPENDIX
Course Abbreviations
 

Chapter 4: Fields of Study

Finance


Graduate Studies Committee

The following faculty members served on the Graduate Studies Committee in the spring semester 1998-1999.

Andres Almazan
Keith C. Brown
Murray D. Carlson
David A. Chapman
R. Conrad Doenges
George W. Gau
Beverly L. Hadaway
Meeta Kothare
Richard D. MacMinn
Stephen P. Magee
Robert D. Mettlen
Robert Parrino
Ramesh K. S. Rao
Ehud I. Ronn
Lewis J. Spellman
Laura T. Starks
Sheridan Titman


Graduate Courses

The faculty has approval to offer the following courses in the academic years 1999-2000 and 2000-2001; however, not all courses are taught each semester or summer session. Students should consult the Course Schedule to determine which courses and topics will be offered during a particular semester or summer session. The Course Schedule may also reflect changes that have been made to the courses listed here since this catalog was published.

Unless otherwise stated below, each course meets for three lecture hours a week for one semester.

Finance: FIN

390. Seminar: Money and Capital Markets.
May be repeated for credit when the topics vary. Prerequisite: Graduate standing, Business Administration 385T, and Finance 397 (Topic 1: Investment Theory and Practice).

Topic 1: Financial Markets and Institutions.
How financial markets are organized and function. Includes debt equity and foreign exchange markets, primary and secondary market operations, and investment banking.

Topic 2: Special Topics in Capital Markets and Financial Institutions.
Study of issues and topics in the capital markets and financial institutions that are not covered in other courses. Additional prerequisite: Courses in macroeconomics and microeconomics.

394. Seminar: Financial Management and Theory.
May be repeated for credit when the topics vary. Prerequisite: Graduate standing and Business Administration 385T.

Topic 1: Advanced Corporate Finance.
Advanced corporate financial management in the global marketplace; valuation of financial and real investments; optimal capital structure; corporate control and restructuring; mergers and acquisitions.

Topic 2: Financial Strategies.
An integrated analysis of the interaction between the operating policies of a corporation and its financial strategies.

Topic 3: Global Finance.

Topic 4: Financial Management of Small Business.

Topic 6: Special Topics in Corporate Finance.

395. Finance Doctoral Seminar.
May be repeated for credit when the topics vary. Prerequisite: Graduate standing and consent of instructor.

Topic 1: Fundamentals of Financial Theory.
An overview of finance theory and empirical evidence.

Topic 2: Uncertainty in Economics and Finance.
The notions of risk, risk aversion, prudence, arbitrage, and equilibria in economies that include financial markets. The impact of adverse selection and moral hazard problems on the existence and properties of market equilibria.

Topic 3: Asset Pricing Theory.
Detailed introduction to asset pricing theory, focusing on absence of arbitrage, consumption-portfolio choice, and simple equilibrium models.

Topic 4: Empirical Methods in Finance.
In-depth study of existing empirical work in finance, including the econometric and statistical methods.

Topic 5: Corporate Finance.
Analysis of the theory of corporate finance and empirical evidence regarding corporate finance.

Topic 6: Current Research Topics in Finance.
Restricted to doctoral students in finance. Offered on the credit/no credit basis only.

Topic 7: Summer Research Topics.
Restricted to doctoral students in finance. Provides an opportunity for students to develop and conduct original research projects.

Topic 8: Special Topics in Finance Theory.

397. Seminar: Investment Theory and Management.
May be repeated for credit when the topics vary. Prerequisite: Graduate standing and Business Administration 385T.

Topic 1: Investment Theory and Practice.
Analysis of the investment decision-making process, asset allocations, security analysis, risk and expected return measurement, asset pricing models, international investment.

Topic 2: Portfolio Management and Security Analysis.
Modern practices in managing the investment portfolio, portfolio optimization methods, asset management for individual and institutional investors, valuation of equity securities. Additional prerequisite: Finance 397 (Topic 1).

Topic 4: Financial Risk Management.
Focuses on how firms manage their financial risk exposures and their use of derivative securities. Additional prerequisite: Finance 397 (Topic 1).

Topic 5: Fixed Income Analysis.
Comprehensive analysis of debt securities and the techniques used to value these instruments. Additional prerequisite: Finance 397 (Topic 1).

Topic 6: Special Topics in Investments.
Issues and topics in the investment area that are not covered in other courses. Additional prerequisite: Finance 397 (Topic 1).

399R, 699R, 999R. Dissertation.
Offered on the letter-grade basis only. Prerequisite: Admission to candidacy for the doctoral degree and fulfillment of language requirement for the doctoral degree.

399W, 699W, 999W. Dissertation.
Offered on the letter-grade basis only. Prerequisite: Finance 399R, 699R, or 999R.

Real Estate: R E

386. Seminar in Real Estate Analysis.
May be repeated for credit when the topics vary. Prerequisite: Graduate standing.

Topic 1: Real Estate and Urban Land Economics.

Topic 2: Real Estate Investment Decisions.
Additional prerequisite: Real Estate 386 (Topic 1) or the equivalent.

Topic 3: Real Estate Analysis.
Additional prerequisite: Real Estate 386 (Topic 1) or the equivalent.

388. Seminar in Real Estate Finance.
Current aspects of real estate finance as they affect lenders, borrowers, and investors. Institutional changes affecting trends in real estate finance, presented within a decision-making framework. Prerequisite: Graduate standing.



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About the Program: Finance

Contents |  Chapter 1 |  Chapter 2 |  Chapter 3
Chapter 4 |  Chapter 5 |  Appendix


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