FIN 250 Introduction to Banking

This course will provide an overview of the bank- ing industry, both in the context of the Cayman Islands and internationally. There is an increasing diversity of financial products and the banking industry is coming to terms with new business models. The introduction of new technology as a means of marketing requires banks to establish different relationships with their customers. Participants will obtain an understanding of the operations of the banking sector and the diverse activities involved. Topics to be examined include history of banking and finance, market participants, banker-customer relationships and retail banking functions.

3 Credits

FIN 301 Financial Management

This course examines the management of the flow of funds through an organisation. Topics emphasised will include: valuation of bonds and stocks, risk and return and time value of money, source and application of funds, the basics of capital budgeting, cost of capital, financial structures, dividend policy, futures and derivatives.

Prerequisites: ACC 201; MAT 216

3 Credits

FIN 302 Financial Markets and Institutions

This course is primarily intended for science majors, however it can be taken as an elective by any other major with the expressed permission of the lecturer. Industrialised society has been a major agent of environ- mental change. This course seeks to examine environmental issues by first examining processes that operate in natural systems and then assessing how we have modified such systems. Debate and analysis of several environmental readings and case studies, will be used as a vehicle to understand the scientific issues associated with environ- mental change. Topics will include sustainability, risk, ethics, waste management, climate change, environmental economics and regulations

ENV 102

3 Credits

FIN 303 International Finance

This course examines the factors affecting interna- tional financial institutions. The topics covered include international financial markets and institutions, the effects of international transactions on domestic markets, risk assessment, and financial instruments used in international business.

Prerequisites: ECO 221; ECO 222; FIN 301

3 Credits

FIN 305 Principles of Real Estate

This course surveys the legal, economic, market and financial aspects of real estate management.

Prerequisite: FIN 301

3 Credits

FIN 401 Intermediate Financial Management

This course builds on the founda- tions laid by FIN 301 Financial Management. It will allow for a detailed examination of the decision-making process within corporate entities. Topics include types and sources of long term capital, capital budgeting, cash management, international finance and mergers.

FIN 403 Investments

This course introduces the basics of investment analysis which are useful for persons operating within the capital markets. Topics covered will include types of securities, corporate and government bonds, common stock, portfolio man- agement, and mutual funds.

Prerequisite: FIN 301

FIN 404 Derivatives

This course provides a detailed look at the valuation of various derivative financial instruments and how they can be strategically used to manage risk. Topics include options, futures, forwards and swaps.

Prerequisite: FIN 301

3 Credits

FIN 406 Strategies and Policies in Financial Management

This course uses a case analysis approach to provide in-depth exploration of current topics in finance. Topics covered will include financial modelling and forecasting, analysis of financial state- ments, initial public offerings and equity issuance, strategic alliances and the financing of projects.

Prerequisite: FIN 301

3 Credits