North Central College - Naperville, IL

Finance Courses

NOTE: This page contains all of the regular course descriptions for this discipline or program. Academic credit for each course is noted in parenthesis after the course title. Prerequisites (if any) and the general education requirements, both Core and All-College Requirements (ACRs), which each course fulfills (if any) are noted following each course description. Not all courses are offered every year. Check Merlin, our searchable course schedule, to see which courses are being offered in upcoming terms.

FIN 297 Internship (0.00-9.00)
Instructor consent required.

FIN 299 Independent Study (1.00-9.00)
Instructor consent required.

FIN 350 Corporate Finance (3.00)
An introduction to corporate financial management. Topics include financial statement analysis, discounted cash flow analysis, bond and stock valuation, common stock/debt financing, risk and return, cost of capital, and capital budgeting. Prerequisites: ACC 201, ECN 250, ECN 252; ECN 241 or MTH 341 and MTH 342.

FIN 365 The Theory of Interest (3.00)
The study of compound interest and annuities; applications to problems in finance and actuarial science. Required for the major in actuarial science. Same as: MTH 365. Prerequisite: MTH 152; MTH 153 and FIN 350 recommended.

FIN 370 Wealth Management (3.00)
This is a broad-based course in personal financial planning and personal finance intended for students interested in taking a first step toward careers in personal financial advising as well as students who seek to better manage their own financial affairs. Topics include the financial planning process, personal investing, mutual funds, retirement planning, tax planning, insurance planning, estate planning, investment advising, professional ethics and conduct, and personal financial responsibility. Prerequisite: FIN 350. ACR: Leadership, Ethics, & Values.

FIN 385 International Finance (3.00)
Theory and applications in the realm of financial decision making in the international sphere. Topics may include the global financial environment, foreign exchange risk management, financing international transactions, and asset management including short-term and long-term multinational corporate finance decisions. Prerequisite: FIN 350.

FIN 390 Seminar: Special Topics in Finance (1.00-3.00)
Topics vary depending on student interest and faculty expertise. Topics and prerequisites are announced in advance and placed in the printed schedule of classes. May be repeated with different content. Prerequisite: FIN 350.

FIN 397 Internship (0.00-9.00)
Instructor consent required.

FIN 399 Independent Study (1.00-9.00)
Instructor consent required.

FIN 400 Investments and Portfolio Management (3.00)
A broad survey of investments and portfolio management. Topics include stock and bond market analysis and valuation, portfolio analysis and management, efficient markets, international financial markets, and derivative securities. Prerequisite: FIN 350.

FIN 425 Financial Institutions (3.00)
A study of measuring and managing the risks faced by financial institutions. Topics include the organizational and regulatory structure of the financial services industry. The risks measured may include interest rate risk, market risk, credit risk, off-balance sheet risk, liquidity risk, insolvency risk, foreign exchange risk, and sovereign risk. The risk management methods may include liability and liquidity management, deposit insurance and capital adequacy, product or geographic expansion, and the use of derivitaves. Prerequisites: ECN 360, FIN 350.

FIN 450 Advanced Corporate Finance (3.00)
The theory and practice of corporate finance. Study of selected topics in corporate finance including capital budgeting, capital structure and dividend policy, mergers and acquisitions, and financial analysis and planning. Prerequisite: FIN 350.

FIN 475 Derivatives: Markets, Pricing and Applications (3.00)
This course deals with financial instruments known as derivatives and their use in managing risk and creating leverage. The derivatives market consists of financial contracts in the form of options, forwards, futures, swaps, debt-related securities, and many other types of related instruments. These contracts are used by corporations, investment funds, individuals, and governments to control risk arising from fluctuating interest rates, exchange rates, stock prices, and commodity prices. They are also used by investors and financial institutions to leverage investment positions. This course is designed to expand understanding of derivative related financial instruments and their use in investment and corporate financial management. Upon completion of the course, students should have a clear understanding of derivative markets, the theory of pricing derivative securities, and the use of derivat! ives in practice. Prerequisite: FIN 350.

FIN 497 Internship (0.00-9.00)
Instructor consent required.

FIN 499 Independent Study (1.00-9.00)
Instructor consent required.