HOFSTRA UNIVERSITY
Spring 99/sec.3FRANK G. ZARB SCHOOL OF BUSINESS
"to provide students with a perspective on the integration of the functional areas of business,
while maximizing the use of analytical skills and knowledge for decision making in a contemporary
global business environment"
DEPARTMENT OF FINANCE
FINANCE 101
Introduction to Finance, Financial Markets and Institutions
(undergraduate course)
INSTRUCTOR’S NAME Dr. Ehsan Nikbakht
OFFICE HOURS
LOCATION OF OFFICE 116A Weller Hall
PHONE EXTENSION ON CAMPUS 463-5679
E-MAIL ADDRESS FINEZN@OFFICE.HOFSTRA.EDU
GENERAL INFORMATION
Location of Department Office 221 Weller Hall
Telephone number of Department 463-5698
Department Chairperson Dr. Edward J. Zychowicz
DESCRIPTION OF COURSE
An introductory course in finance. Topics include the time value of money, risk and return, valuation of securities, the functions, organization, structure and regulation of financial institutions and markets. Overview of the globalization process, ethical, political and social, and demographic issues that apply to financial markets and institutions.
PREREQUISITES OF COURSE
Sophomore Standing (24 cr. hrs.) or above; ECO 1, ACCT 1, QM 1.
REQUIRED TEXT
Pinches, George E., Essentials of Financial Management, Fifth Edition, Harper Collins College Publishers 1996.
Supplemental Text: Excerpts from: Mishkin, Frederic S. and Stanley G. Eakins, Financial Markets and Institutions, Second Edition Addison Wesley Publishers, 1997.
CALCULATOR
Students may use any financial calculator that has the financial functions (PV, FV, NPV, IRR, etc.) but the Banking and Finance Department highly recommends that students purchase the Texas Instruments, Business Analysts (TI-BAII Plus) calculator.
OUTCOME OBJECTIVES AND METHODS OF ACHIEVING THE OBJECTIVES
The objectives of the course are twofold. First, to teach students the mathematics of time value of money, and the principles of risk and return and stock and bond valuation. Second, to make students familiar with the institutional environment of finance which includes financial markets and instruments, and financial institutions. In addition, the course exposes the students to a debate of ethical issues, and the influence global, regulatory, political and social, and demographic forces have on the functions and structure of the financial system.
NOTE ON PERSPECTIVES
The new AACSB guidelines require that all business majors be exposed to several perspectives areas that influence the management of business organizations. Coverage of perspectives will utilize a variety of classroom techniques, like case discussion, role playing, group projects and others as necessary. Students should expect to be graded on the perspectives portion of the course.
SCHOOL OF BUSINESS POLICY ON MAKEUP EXAMINATIONS
To be eligible for a makeup examination, a student must submit to the instructor written documentation of the reason for missing a scheduled examination due to medical problems or death of an immediate family member. The instructor (not the student) determines whether and when a makeup is to be given. If a makeup examination is to be given, the instructor will determine the type of makeup examination. If the student misses (for any reason) the scheduled makeup examination, additional makeups are not permissible.
UNIVERSITY POLICY ON INCOMPLETE GRADES
A student unable to complete a course may, with the permission of the instructor, receive a grade of incomplete (INC). The instructor will permit the student to complete and submit the missing work no later than the third week of the following semester. All undergraduate students may accumulate up to nine credits of INC grades without penalty. Past this nine-credit limit, all subsequent INC grades not made up convert to F’s at the end of the semester following the one in which they were assigned.
ATTENDANCE POLICY
To be determined by the instructor.
METHODS OF EVALUATING STUDENTS
To be determined by the instructor.
GRADING POLICY
To be determined by the instructor
COURSE OUTLINE