Miami University: Documents and Policies: General Bulletin


231 Finance—Law and the Legal Process (3): Examination of the nature, meaning, and sources of law; legal reasoning; civil and criminal procedure; survey of criminal and civil substantive law including torts, contracts, and property. Not available to students receiving credit for FIN 342, or as a prerequisite in the M.B.A. program. Credit not applicable to B.S. in Business degree. Offered infrequently.
MPT 301 Introduction to Business Finance (3): Financial management of business enterprises with emphasis upon financial analysis, working capital management, short and long term financing, capital budgeting, cost of capital, and dividend policy. Prerequisite: ECO 201, 202 or equivalent, ACC 221, 222 or equivalent, and 58 semester hours.
MPT 302 Intermediate Financial Management (3): Theoretical development of financial decision making, working capital management, capital budgeting, capital structure, and dividend policy of the corporation. Prerequisite: DSC 205 and FIN 301.
305 Personal Finance and Investments (3): Prepares individuals to manage their personal finances. Topics include income, consumer credit uses, sources and costs, insurance taxes, and security investments. Credit not applicable to B.S. in Business degree. Offered infrequently.
306 Financial Aspects of Entrepreneurial Ventures (3): Focuses on financial issues and needs confronting start-up entrepreneurs and entrepreneurs attempting to grow their small businesses. Targeted to non-finance major; does not require extensive accounting or financial background. Exposure to tools, concepts, and approaches related to financial operations of start-up ventures with emphasis on the application of this material using a series of real-world cases. Includes determining how much money the entrepreneur needs, where to go for it, how to put together a financial picture of the venture, how to place a value on a venture. Prerequisite: FIN 301 or permission of instructor. Fall semester only.
330 Professional Practice (0): Students participating in an internship program register for this course during the semester they are on work assignment. Prerequisite: permission of departmental internship coordinator.
331 Real Estate Principles (3): Principles course dealing with features of real estate, legal descriptions, brokerage industry and licensing, ownership interests, property tax, and closing transaction. Emphasis on applying finance principles to real estate with a focus on real restate financing and investing. Prerequisite: FIN 301.
MPT 342 Legal Environment of Business (3): Nature and sources of law; legal analysis and reasoning; judicial system, litigation and alternative dispute resolution; constitutional and administrative law; criminal law; law of torts and products liability; ethics; international business law; law of contracts; law of agency; employment law; and government regulation of business. Prerequisite: 58 earned hours.
MPT 351 Principles of Insurance (3): Nature and function of insurance and risk bearing. Fundamentals of insurance contracts with a survey of fire, casualty, life, and health insurance areas.
401/501 Principles of Investments and Security Markets (3): Emphasis on investment methodology, investment risks, and security selection. Introduction to security analysis, security valuation, and portfolio management; for the individual investor. Prerequisite: DSC 205 and FIN 301 or equivalent.
402/502 Fixed-Income Portfolio Management (3): Consideration of securities portfolio management objectives and techniques; investment risks, and diversification strategy. Detailed consideration of bond portfolio management, mathematics of bond yields, and interest rate environment. Individual and group participation required. Prerequisite: FIN 401 or 501.
403 Portfolio Management (3): Theory and practice of modern portfolio management. Special consideration to asset pricing theories, nature and application of derivative securities, and investment strategies. Prerequisite: FIN 401.
MPT 408/508 Commercial Bank Management (3): Operations of financial institutions. Identification and analysis of problems of financial institutions within our changing environment. Consideration of competition and growth, profitability, capital, and regulation. Emphasis on commercial banking. Prerequisite: FIN 302 or 618 or 625 or permission of instructor.
417/517 International Business Finance (3): Financial problems of multinational business enterprises. Emphasis on direct investment in international firms. Unique financial problems of multinational firms addressed. Cases and problems. Prerequisite: FIN 301 or equivalent.
432/532 Real Property Valuation (3): Theory and methodology relating to professional valuation of residential and income producing properties. Prerequisite: FIN 331. Offered infrequently.
433/533 Real Estate Finance (3): Sources of funds and methods of financing real estate investments. Readings from current literature. Prerequisite: FIN 331. Offered infrequently.
MPT 442 Business Associations and Commercial Law (3): Study of the legal framework of various organizational forms in business; partnership; corporations; securities regulation and the study of the law of sales; commercial paper; secured transactions and bankruptcy. Prerequisite: FIN 342.
MPT 443 Property Law (3): Principles of real and personal property law; estates in land, instruments of conveyance, mortgages and leases; personal property topics include bailments, intellectual property, and computer law.
MPT 451/551 Risk Management and Insurance (3): Risk management, including risk analysis and identification, handling techniques, contract evaluation, and current issues in property and liability areas. Prerequisite: FIN 301 and 351 or permission of instructor.
MPT 452/552 Life Insurance and Advanced Personal Financial Planning (3): Covers the integration of life insurance within broader scope of an individual's personal financial planning activities and integration of social security benefits within personal financial planning. Use of a microcomputer and electronic spreadsheet software required. Traditional life insurance topics such as differences in policies, premium calculations, and legal relationships covered. Prerequisite: FIN 351 or permission of instructor.
MPT 462/562 Estates, Wills, and Trusts (3): Legal, financial, and practical considerations in creation, management, and conservation of an estate. Trust principles and practices; and federal estate and gift rules and planning techniques.
MPT 463/563 Employee Benefits (3): Provides description of pension, group life and health, individual retirement, and other benefit plans. Discusses importance of these plans to achieving business and societal goals. Cross-listed with MGT 463/563. Prerequisite: FIN 301 or permission of instructor.
MPT 464 International Business Law (3): Provides framework for understanding international business and legal environment within which it operates. Study traditional commercial law topics, such as rights and obligations of buyer and seller under contract for international sale of goods. Study of private law of international business transactions and public law of international trade.
MPC 465 Ethics, Law, and Business (3): Explores legal aspects of business decision-making from an ethical perspective. Focuses on the business manager as an ethical decision-maker and on the corporation as a social moral agent. Conducted in seminar style using cross-functional cases from the core business disciplines. Prerequisite: School of Business core courses and senior standing or permission of instructor.
MPC 467/567 Entrepreneurship: New Ventures (3): Case approach to problems involved in the search for, evaluation of, initial operation of high potential business ventures. Prerequisite: senior or graduate standing in business or permission of instructor. Cross-listed with DSC, MGT, and MKT 467/567.
MPT 475 Financial Policies of Corporations (3): Advanced case analysis of short and long term financial management. Topics include working capital management, leasing, mergers and acquisitions, and international finance. Prerequisite: FIN 302; concurrent registration in, or prior completion of, FIN 401, and senior status.
MPC 485 Integrative Concepts in Finance (3): This Capstone provides students opportunity to apply their broad base of knowledge from their Foundation courses and the School of Business core in an integrative manner to the field of finance. Provides students ability to see financial decisions in the broader context of society, law, government, and the global environment at large. Students come from different academic backgrounds and form teams to analyze case problems and readings from these different perspectives. These teams are required to present and defend their recommendation keeping in mind the variegated interests of the firm's stakeholders: customers, stockholders, creditors, employees, suppliers, etc. Prerequisite: senior standing and School of Business core or permission of instructor.
MPC 494 Sustainability Perspectives in Resources and Business (3): Addresses the need for interdisciplinary understanding of the pattern of declining quantities of critical resources and growing public awareness of environmental degradation, an understanding of relevant ecosystems, social and economic institutions and policy, and the prospects for the business community to facilitate resolution of these concerns. Three alternative prerequisites: (1) senior standing as a business major and one of BOT 131 or GLG 121 or ZOO 121; or (2) senior standing as a science major and ECO 201 and 202; or (3) senior standing and completion of Thematic Sequence ECO 5 Sustainable Systems. Cross-listed with ACC, BOT, DSC, ECO, GEO, GLG, MGT, MKT, and ZOO 494.

Note: The following courses are open only to full-time M.B.A. students: FIN 625, 655, 665.

618 Financial Management (3): Principles and techniques of financial analysis applicable to management of corporate financial resources and investment securities. Prerequisite: FIN 301 or equivalent. Open to M.B.A. non-finance majors only.
625 Managerial Finance (3): Introduces M.B.A. student to essentials of the finance functions of the organization. Emphasis on analysis of financial statements and understanding of the time value of money.
655 Analysis of Business Finance and Investments (3): Furthers understanding of the finance functions for the M.B.A. student. Course has three interrelated themes: 1); acquisition and management of long-term sources of finance, 2); acquisition and management of short-term assets and financing, and 3) utilization of the capital markets where financial assets issued by corporations are bought and sold.
665 Business and Its Legal Environment (2): A survey of the nature and functions of law and its application to business settings. Addresses current legal/business topics in depth.
671 Corporate Financial Policy (3): Theory of managerial finance, capital budgeting, financial leverage, capital structure, valuation, cost of capital, dividend policy, liquidity analysis, financial analysis, and short-term financial management. Prerequisite: FIN 618 and 625.