FIN 708 (02) - Real Estate Finance
Real Estate Finance
Term: Spring 2023 - Full Term (01/24/2023 - 05/08/2023)
Grade Mode: Letter Grading
CRN: 54149
Start Date | End Date | Days | Time | Location |
---|---|---|---|---|
1/24/2023 | 5/8/2023 | W | 5:10pm - 8:00pm | PCBE 115 |
Start Date | End Date | Days | Time | Location |
---|---|---|---|---|
1/24/2023 | 5/8/2023 | W | 5:10pm - 8:00pm | PCBE 115 |
Start Date | End Date | Days | Time | Location |
---|---|---|---|---|
1/24/2023 | 5/8/2023 | TR | 11:10am - 12:30pm | PCBE 165 |
This course is a rigorous and analytical study of a wide range of topics in the fixed income arena. It focuses on securities (mainly bonds), and things that can look like securities (mainly loans) that promise an ongoing and consistent cash flow (hence: “fixed income”). The valuations of these things are influenced by interest rates and credit risk. The course is focused on the concepts and tools that are important to practitioners and investors who want to use these securities, whether the issuer or the investor. It includes a study of the markets in which these securities trade. While the cash flows of fixed income securities are contractually specified, the valuation of bonds is particularly challenging given interest rate movements, credit risk, and embedded optionality.
Additionally, as part of an examination of structured products, the course will examine some basic elements of real estate finance, particularly the process of creating and valuing residential mortgages.
Further, the course acknowledges that much of the controversy regarding the 2008 Financial Crisis has been directed at the mortgage market. Given that the first name of this course is “mortgage”, we will take a deep dive into that period and examine the underlying issues regarding that global crisis.
The class, by its nature, requires a moderate level of quantitative skill, but more importantly it will require consistent focus. In the end, we want you to not just know about interest rates, creditworthiness, bonds, and bond markets, but we want you to know what these things mean and how you can use the information. Prerequisit FIN 702, Investment Analysis
Start Date | End Date | Days | Time | Location |
---|---|---|---|---|
1/24/2023 | 5/8/2023 | MW | 11:10am - 12:30pm | PCBE G85 |
Start Date | End Date | Days | Time | Location |
---|---|---|---|---|
1/24/2023 | 5/8/2023 | TR | 9:40am - 11:00am | PBLANE 216 |
Start Date | End Date | Days | Time | Location |
---|---|---|---|---|
1/24/2023 | 5/8/2023 | T | 5:10pm - 8:00pm | PCBE 225 |
The course seeks to place money and finance in its historical context, showing its significant and often pivotal role in human progress and is a backstory for much of the human saga. From this vantage point, we will examine innovation and crisis in banks and banking, the bond markets, the equity markets, insurance, real estate, and cross-border trade & monetary flows. Our investigation will reach into numerous present day and historical financial events and circumstances, including the collapse of countries, scandals at companies like Enron and Lehman Brothers, and the impact of individuals going “off the rails” like Bernie Madoff or Martin Shkreli. These are scandals, upheavals, and crises.
Start Date | End Date | Days | Time | Location |
---|---|---|---|---|
1/24/2023 | 5/8/2023 | TR | 2:10pm - 3:30pm | PCBE 225 |
The course seeks to explore what finance says about the increased focus on corporate social responsibility (CSR) and how investment analysis addresses a growing emphasis on environmental, social & corporate governance (ESG) objectives. We study how mandates towards people and planet are integrated into financial models and the management of firms, including what this means about corporate financial objectives, particularly firm responsibilities to a wide variety of “stakeholders”. And we investigate how investors determine and then act on ESG goals. These fields are topical but underexamined and poorly understood. Prereq: FIN 701, Fin Policy and FIN 702, Investment Analysis; or instructor permission.
Start Date | End Date | Days | Time | Location |
---|---|---|---|---|
1/24/2023 | 5/8/2023 | W | 5:10pm - 8:00pm | PCBE 235 |
This course provides an introduction to the digital economy and the intersection of finance and technology (FinTech). Items to be covered include: blockchain, cryptocurrencies (e.g. Bitcoin, Ethereum, etc.), their evolution, applications and the future of such technology. Further topics include: smart contracts, digital property rights, robo-advising, Web3 (the decentralized internet), algorithmic/high frequency trading and the role of artificial intelligence in capital markets, today and into the future. The course will also analyze such topics and technologies from a long-term investment perspective, with an eye towards the implications for the finance industry and overall macroeconomic consequences. Other topics may be covered as well.
Start Date | End Date | Days | Time | Location |
---|---|---|---|---|
1/24/2023 | 5/8/2023 | TR | 9:40am - 11:00am | PTNM 111 |
1/24/2023 | 5/8/2023 | T | 2:10pm - 5:00pm | PTNM 139A |
Start Date | End Date | Days | Time | Location |
---|---|---|---|---|
1/24/2023 | 5/8/2023 | R | 12:40pm - 3:30pm | PTNM 111 |
1/24/2023 | 5/8/2023 | T | 12:40pm - 2:30pm | PTNM 111 |
Start Date | End Date | Days | Time | Location |
---|---|---|---|---|
1/24/2023 | 5/8/2023 | F | 2:10pm - 6:00pm | COLE C142 |