This course is an introduction to security valuation and portfolio design. We discuss the theory and application of the major valuation techniques used in financial analysis. We examine how portfolios of assets should be formed, how to hedge risks, and how to evaluate funds. The first part of the course focuses on common stocks. In the second part of the course, fixed income securities, futures contracts, and option contracts are discussed.

Business 33001 (or 33002), and 41000 or 41100 (or approved substitutes): strict. This is a highly quantitative course. You must be comfortable with basic probability, statistics, calculus, and microeconomics at the level of the above courses. You will have to use a spreadsheet or other statistics computer program. Cannot enroll in BUSN 35000 if BUSN 20400 taken previously.