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7.4.7 CURRICULUM IN FINANCE
The master's in finance program offers a specialized curriculum with focused
training in finance. The course of study is designed to provide insight into
the following topics: (1) the important role of financial intermediaries;
(2) the management of financial intermediaries and an understanding of the
markets in which they participate; (3) the valuation of financial assets
such as stocks, bonds, derivatives, and other specialized assets, and how
they are managed in a portfolio; (4) the determination and behavior of
interest rates and rates of return on assets; and (5) the incentives and
determinants of corporate behavior.
The master's in finance is designed to offer
advanced applied and theoretical expertise in investments, banking,
corporate finance, and/or financial engineering. The financial risk strategy
track within this master's program addresses modern techniques for managing
financial risk. Students selecting this track will have the opportunity to
be trained in state-of-the-art techniques in valuing and using derivative
securities, with a particular emphasis on mortgage-backed securities,
structured notes, and computer-based solution design within an
object-oriented framework.
Successful completion of the master's in finance provides students with
knowledge useful for pursuing careers in investments, financial management,
banking, and other financial services. With the appropriate choice of
courses, students can apply to transfer many of their master's courses into
the doctoral program in finance.
Admission Requirements
Students accepted into the program are not required to have obtained an
undergraduate degree in business. Before commencing the program, however,
the student is advised to have completed the equivalent of undergraduate
courses in accounting, statistics, calculus, economics, and finance. Any
deficiencies should be made up by taking courses during the summer before
entering the master's program. See the
Admission Criteria
section of this catalog for more information.
Degree Requirements
The following courses are required for the master's degree in finance:
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Required courses
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EC 508 Microeconomic Theory or
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EC 610 Seminar in Microeconomic Theory
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3
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EC 509 Macroeconomic Theory and Policy or
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EC 611 Seminar in Macroeconomic Theory
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3
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EC 570 Mathematical Economics or
EC 571 Econometrics or
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EC 513 Economic Forecasting and Analysis
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3
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FI 510 Financial Management
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3
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FI 512 Money and Capital Markets
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3
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FI 515 Quantitative Investment Analysis
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3
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FI 522 Bank Administration
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3
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FI
596 Capstone Project
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3
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Total semester hours of common core courses
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24
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Electives chosen with approval of advisor
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6
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Total hours semester for the master's degree
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30
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After 12 semester earned
hours of graduate credit (including transfer) at The University of Alabama the
student must apply for admission to candidacy.
The application for
Admission to Candidacy for the Master's Degree is on the Graduate
School website. It must be approved by the time of registration for
the semester in which requirements for the degree are completed.
Additional information on
Admission to Candidacy and all other degree requirements is in the
Degree
Requirements
section of this catalog.
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