Finance

https://business.uoregon.edu/departments/finance

John Chalmers, Department Head
Undergraduate Advising Office
203 Peterson Hall

The Department of Finance offers courses in finance and business economics. The curriculum is designed to impart an understanding of the principles of finance and to provide students with analytical training. Courses on financial institutions and markets, financial management, and investments provide an understanding of the application of financial analysis to the solution of business problems.

The department offers a concentration in finance for the undergraduate major in business administration.

Faculty

Deborah J. Bauer, Peter and Molly Powell Distinguished Senior Instructor of Finance (investment strategies, competitive analysis); academic director, Oregon Executive MBA. BS 1997, Bryant; MS, 2001, Oregon. (2001)

Ioannis Branikas, assistant professor (household finance, mutual funds). BA, 2010, MSc, 2012, Athens University of Economics and Business; MA, 2014, PhD, 2018, Princeton. (2018)

John Chalmers, Abbott Keller Professor in Finance (household finance, municipal bond markets). BA, 1985, Middlebury; MS, 1992, PhD, 1995, Rochester. (1996)

Diane Del Guercio, Gerry and Marilyn Cameron Professor in Finance (corporate governance, institutional investors); senior associate dean, faculty affairs. BA, 1986, California, Santa Barbara; MA, 1989, PhD, 1994, Chicago. (1994)

Jennifer M. Ellis, senior instructor (competitive analysis, international trade and finance). BA, 1977, MA, 1978, Essex; PhD, 1992, Oregon. (1997)

Ali Emami, Bashaw Senior Instructor II of Finance (economics of the public accounting profession, international trade and finance). BS, 1972, National University of Iran; MS, 1980, Oregon; PhD, 1988, Oregon State. (1991)

Roberto Cruz Gutierrez Jr., associate professor (asset pricing, return anomalies). BS, 1992, Tulane; PhD, 1999, North Carolina, Chapel Hill. (2003)

Brandon R. Julio, associate professor (corporate investment, international finance). BA, 1998, Brigham Young; MS, 2001, South Carolina; MS, 2005, PhD, 2007, Illinois, Urbana-Champaign. (2014)

Scott Kerslake, James F. and Shirley J. Rippey Professor of Practice. BS, 1986, Boston. (2016)

Xiaoding Liu, assistant professor (corporate finance, corporate governance). BS, 2005, MS, 2006, PhD, 2012, Florida. (2012)

Stephen B. McKeon, associate professor (corporate finance, behavioral finance); academic director, Cameron Center for Finance and Securities Analysis. BS, 2000, Oregon; MS, 2009, PhD, 2011, Purdue, West Lafayette. (2011)

Jonathan Moulton, senior instructor (banking, corporate finance, investments). BS, 1982, Oregon; MBA, 1986, California State, East Bay; PhD, 1995, Oregon. (2011)

Robert Ready, associate professor (asset pricing, commodities). BA, 2003, Carnegie Mellon; MS, 2008, PhD, 2011, Pennsylvania. (2017)

Philip J. Romero, professor (cost-benefit analysis, economics policy). BA, 1983, Cornell; MA, 1985, PhD, 1988, Rand Graduate School. (1999)

Albert Sheen, assistant professor (corporate finance). BA, 1995, Chicago; PhD, 2009, California, Los Angeles. (2014)

Zhi "Jay" Wang, associate professor (asset management, institutional investors); coordinator, doctoral program. BA, 1994, Peking (Beijing); MS, 1998, PhD, 2000, Iowa State; PhD, 2004, Michigan, Ann Arbor. (2012)

Michael Wismer, instructor (real estate). BA, 1970, MS, 1974, Brigham Young. (1996)

Youchang Wu, associate professor (asset pricing, corporate finance). BS, 1994, MS, 1996, Peking (Beijing); PhD, 2004, Vienna. (2015)

Emeriti

Larry Y. Dann, professor emeritus. BS, 1967, Northwestern; MBA, 1969, Harvard; PhD, 1980, California, Los Angeles. (1977)

Jerome J. Dasso, professor emeritus. BS, 1951, Purdue; MBA, 1952, Michigan; MS, 1960, PhD, 1964, Wisconsin, Madison. (1966)

Michael H. Hopewell, associate professor emeritus. BA, 1963, MBA, 1967, PhD, 1972, Washington (Seattle). (1969)

Wayne H. Mikkelson, professor emeritus. BA, 1974, Macalester; MS, 1978, PhD, 1980, Rochester. (1984)

George A. Racette, associate professor emeritus. BA, 1966, Stanford; MBA, 1967, Michigan; PhD, 1972, Washington (Seattle). (1974)

The date in parentheses at the end of each entry is the first year on the University of Oregon faculty.

Participating

Glen R. Waddell, professor (applied econometrics, industrial organization, labor economics). See Economics.

Four-Year Degree Plan

The degree plan shown is only a sample of how students may complete their degrees in four years. There are alternative ways. Students should consult their advisor to determine the best path for them.

Bachelor of Arts in Business Administration

Degree Map
First Year
FallMilestonesCredits
BA 101 Introduction to Business 4
BA 199 Special Studies: [Topic] (Academic Residential Community or FIG seminar. ) Attend club fairs1
MATH 111 College Algebra 4
TLC 199 Special Studies: [Topic] (Study Skills Workshop) 1
Review the holistic requirements for admission to the major and establish a plan for developing these traits  
First term of first-year second-language sequence 5
 Credits 15
Winter
EC 201 Introduction to Economic Analysis: Microeconomics 4
Second term of first-year second-language sequence Use Career Services5
MATH 241 Calculus for Business and Social Science I 4
WR 121 College Composition I Get involved in a club4
Meet with a Lundquist academic advisor to make a long-term plan  
 Credits 17
Spring
EC 202 Introduction to Economic Analysis: Macroeconomics 4
Third term of first-year second-language sequence Apply for job shadowing5
MATH 242 Calculus for Business and Social Science II Access tutoring resources4
WR 122
College Composition II
or College Composition III
Attend the spring career fair4
 Credits 17
 Total Credits 49
Degree Map
Second Year
FallMilestonesCredits
ACTG 211 Introduction to Accounting I 4
MATH 243 Introduction to Methods of Probability and Statistics Leadership role in club4
First term of second-year second-language sequence Learn Duck Connect4-5
Social science course that also satisfies a multicultural requirement 4
 Credits 16-17
Winter
ACTG 213 Introduction to Accounting II 4
Arts and letters course that also satisfies a multicultural requirement 4
Second term of second-year second-language sequence Complete a practice interview4-5
General-education course in nonmath science 4
Meet Lundquist peer educator about informational interviews  
 Credits 16-17
Spring
BA 240 Spreadsheet Analysis and Visualization 4
Apply for business administration major within the first week of the term you are completing business premajor requirements  
General-education courses in arts and letters 8
Third term of second-year second-language sequence Conduct informational interviews4-5
 Credits 16-17
 Total Credits 48-51
Degree Map
Third Year
FallMilestonesCredits
BA 308 Leadership and Communication 4
FIN 311 Economic Foundations of Competitive Analysis Explore concentrations4
OBA 311 Business Analytics I Update résumé4
 Credits 12
Winter
FIN 316 Financial Management Attend career fairs4
MKTG 311 Marketing Management 4
OBA 311 Business Analytics I 4
General-education course in arts and letters Apply for internships4
 Credits 16
Spring
OBA 335 Operations Management 4
MGMT 311 Managing People in Organizations 4
Business elective 1 (concentration) 4
Elective 4
Meet with Lundquist advisor to revise long-term plan to meet academic goals and strategize how to strengthen weak areas for career goals  
 Credits 16
 Total Credits 44
Degree Map
Fourth Year
FallMilestonesCredits
BA 325 Business Law and Ethics Check in with career advisor4
Business elective 2 4
Business elective 3 (concentration) 4
 Credits 12
Winter
Business elective 4 (concentration) Apply for graduation4
Business elective 5 4
Business elective 6 4
Elective 3
 Credits 15
Spring
BA 453 Business Strategy and Planning 300-level business core completion4
Business elective 7 (concentration) Register for commencement4
Elective course 4
 Credits 12
 Total Credits 39

Bachelor of Science in Business Administration

Degree Map
First Year
FallMilestonesCredits
BA 101 Introduction to Business 4
MATH 111 College Algebra 4
BA 199 Special Studies: [Topic] (Academic residential community or FIG seminar) 1
Arts and letters course that also satisfies a multicultural requirement 4
General-education course in social science Attend club fairs 4
Review the holistic requirements for admission t the major and establish a plan for developing these traits  
 Credits 17
Winter
EC 201 Introduction to Economic Analysis: Microeconomics 4
MATH 241 Calculus for Business and Social Science I 4
WR 121 College Composition I Use Career Services4
General-education course in arts and letters Get involved in a club4
Meet a Lundquist academic advisor to make a long-term plan  
 Credits 16
Spring
EC 202 Introduction to Economic Analysis: Macroeconomics 4
WR 122
College Composition II
or College Composition III
Consider the job shadow program4
Arts and letters course that also satisfies a multicultural requirement Access tutoring resources4
General-educationcourse in nonmath science Attend the spring career fair4
 Credits 16
 Total Credits 49
Degree Map
Second Year
FallMilestonesCredits
ACTG 211 Introduction to Accounting I 4
MATH 243 Introduction to Methods of Probability and Statistics Leadership role in a club4
General-education course in arts and letters with a global context Learn Duck Connect4
Course with global context subject matter 4
Meet an advisor regarding progress toward admission  
 Credits 16
Winter
ACTG 213 Introduction to Accounting II 4
Nonbusiness breadth course Meet Lundquist peer educator4
General-education courses in science 8
Complete a practice interview on Interview Stream (Duck Connect). Prepare major application materials.  
 Credits 16
Spring
BA 240 Spreadsheet Analysis and Visualization 4
Nonbusiness breadth course 4
General-education course in science Conduct informational interviews4
Nonbusiness breadth course 4
Submit a nonbusiness breadth or global context proposal for approval  
Apply for business administration major within the first week of the term you are completing business premajor requirements  
 Credits 16
 Total Credits 48
Degree Map
Third Year
FallMilestonesCredits
BA 308 Leadership and Communication 4
OBA 311 Business Analytics I Update résumé4
FIN 311 Economic Foundations of Competitive Analysis Explore concentrations4
 Credits 12
Winter
OBA 312 Business Analytics II 4
FIN 316 Financial Management Attend career fairs4
MKTG 311 Marketing Management Apply for internships4
Nonbusiness breadth course 4
 Credits 16
Spring
OBA 335 Operations Management Utilize networking events4
MGMT 311 Managing People in Organizations 4
Business elective 1 (concentration) 4
Nonbusiness breadth course 4
 Credits 16
 Total Credits 44
Degree Map
Fourth Year
FallMilestonesCredits
BA 325 Business Law and Ethics 4
Business elective 2 (concentration) Check in with career advisor4
Business elective 3 (Concentration) 4
Business elective 4 (Concentration) 4
 Credits 16
Winter
BA 453 Business Strategy and Planning 4
Business elective 5 (concentration) Apply for graduation4
Course with global context subject matter 4
 Credits 12
Spring
Business elective 6 Register for commencement4
Business elective 7 4
Nonbusiness breadth course 4
 Credits 12
 Total Credits 40

Courses

Course usage information

FIN 199. Special Studies: [Topic]. 1-5 Credits.

Repeatable when the topic changes.

Course usage information

FIN 240. Survey of Real Estate. 4 Credits.

Basics of buying, selling, and leasing real estate. Overview of real estate law, commercial and residential brokerage, real estate financing, and real estate administration.
Not open to LCB majors or prebusiness majors with junior standing or above.

Course usage information

FIN 281. Personal Finance. 4 Credits.

Overview of lifetime personal financial strategies. Topics include financial goals and building net worth, major purchasing decisions, credit use, tax planning, retirement, and estate planning.
Not open to LCB majors, prebusiness majors with junior standing or above.

Course usage information

FIN 283. The Stock Market and Investing. 4 Credits.

Investments and the stock market, securities and approaches to security selection, portfolio composition and structure.
Not open to LCB majors, prebusiness majors with junior standing or above, or students who have credit for FIN 380.

Course usage information

FIN 311. Economic Foundations of Competitive Analysis. 4 Credits.

Analysis of market competition and its relation to product cost and pricing decisions by the firm. Students may receive credit for only one of EC 311, FIN 311, or FIN 311H.
Prereq: C- or better in BA 101, BA 240, EC 201, ACTG 211, ACTG 213, MATH 241.

Course usage information

FIN 311H. Economic Foundations of Competitive Analysis. 4 Credits.

Analyzes the competitive structure of markets and industries. Focuses on the relationships among cost, pricing strategy and economic profit in competitive environments. Students may receive credit for only one of EC 311, FIN 311, or FIN 311H.
Prereq: open only to students in the LCB honors program.

Course usage information

FIN 316. Financial Management. 4 Credits.

Corporate financial planning, selection among alternative investment opportunities, analysis of risk, funds acquisition, and long-term financing. Students cannot receive credit for both FIN 316 and FIN 316H.
Prereq: C- or better in BA 101, BA 240, EC 201, ACTG 211, ACTG 213, MATH 241.

Course usage information

FIN 316H. Financial Management. 4 Credits.

Covers the fundamental tools and concepts of finance, including the evaluation of investment opportunities and the relation between risk and return Students cannot receive credit for both FIN 316 and FIN 316H.
Prereq: open only to students in the LCB honors program.

Course usage information

FIN 380. Financial Markets and Investments. 4 Credits.

Financial markets and security investment decisions, analysis of risk and return, portfolio policies for individual and institutional investors, financial instruments.
Prereq: FlN 316, OBA 330.

Course usage information

FIN 401. Research: [Topic]. 1-21 Credits.

Repeatable.

Course usage information

FIN 403. Thesis. 1-12 Credits.

Repeatable.

Course usage information

FIN 405. Reading and Conference: [Topic]. 1-21 Credits.

Repeatable.

Course usage information

FIN 406. Special Problems: [Topic]. 1-4 Credits.

Repeatable.

Course usage information

FIN 407. Seminar: [Topic]. 4 Credits.

Repeatable.

Course usage information

FIN 409. Practicum: [Topic]. 1-12 Credits.

Repeatable.

Course usage information

FIN 410. Experimental Course: [Topic]. 1-4 Credits.

Repeatable when the topic changes.
Prereq: C- or better in FIN 316 or FIN 316H.

Course usage information

FIN 462. Derivative Markets and Financial Institutions. 4 Credits.

Valuation of financial derivatives, methodologies for identifying firms' risk exposures, the role of risk management and financial derivatives in corporate strategy, and analysis of financial institutions.
Prereq: FIN 316.

Course usage information

FIN 463. International Finance. 4 Credits.

Analysis of currency exchange rates, balance of payments; management of foreign exchange risk; risk and return in international investment.
Prereq: FIN 316.

Course usage information

FIN 464. Commercial Banking. 4 Credits.

Operation and pricing policies of a commercial bank, concentrating on management of institutions that take deposits and make loans and investments through the use of computer-simulated banking operations.
Prereq: FIN 316.

Course usage information

FIN 473. Financial Analysis and Valuation. 4 Credits.

Topics include working capital management, advanced capital budgeting, dividend policy, financing policy, business valuation, and corporate acquisitions.
Prereq: FIN 380.

Course usage information

FIN 503. Thesis. 1-16 Credits.

Repeatable.

Course usage information

FIN 510. Experimental Course: [Topic]. 1-4 Credits.

Repeatable when the topic changes.

Course usage information

FIN 562. Derivative Markets and Financial Institutions. 4 Credits.

Valuation of financial derivatives, methodologies for identifying firms' risk exposures, the role of risk management and financial derivatives in corporate strategy, and analysis of financial institutions.
Prereq: FIN 380 or FIN 612.

Course usage information

FIN 564. Commercial Banking. 4 Credits.

Operation and pricing policies of a commercial bank, concentrating on management of institutions that take deposits and make loans and investments through the use of computer-simulated banking operations.

Course usage information

FIN 601. Research: [Topic]. 1-16 Credits.

Repeatable.

Course usage information

FIN 603. Dissertation. 1-16 Credits.

Repeatable.

Course usage information

FIN 604. Internship: [Topic]. 1-9 Credits.

Repeatable.

Course usage information

FIN 605. Reading and Conference: [Topic]. 1-12 Credits.

Repeatable.

Course usage information

FIN 606. Special Problems: [Topic]. 1-9 Credits.

Repeatable.

Course usage information

FIN 607. Seminar: [Topic]. 1-5 Credits.

Repeatable.

Course usage information

FIN 608. Special Topics: [Topic]. 1-12 Credits.

Repeatable.

Course usage information

FIN 609. Practicum: [Topic]. 1-9 Credits.

Repeatable.

Course usage information

FIN 610. Experimental Course: [Topic]. 1-5 Credits.

Repeatable when the topic changes.

Course usage information

FIN 612. Fundamentals of Finance. 3 Credits.

Covers the fundamental theories and tools of financial analysis. Topics include valuation, capital budgeting, risk and return, market efficiency, and financial policies. Sequence with FIN 613.

Course usage information

FIN 613. Managerial Economics. 3 Credits.

Covers the fundamental theories and tools of economic and strategic analysis. Topics include demand and supply, pricing strategies, and perfect and imperfect competition. Sequence with FIN 612.
Prereq: FIN 612.

Course usage information

FIN 615. Quantitative Methods for Finance. 3 Credits.

Mathematical and statistical tools fundamental to financial analysis; measuring returns and risk, probability models, statistical inference, regression analysis, all with applications to finance.

Course usage information

FIN 617. Data Analysis in Finance. 3 Credits.

Programming for financial data analysis using popular languages; Back testing and developing algorithm trading strategies.

Course usage information

FIN 671. Corporate Finance and Valuation. 3 Credits.

Application of financial principles to problems of valuation, capital budgeting, and financial policy.
Prereq: FIN 612.

Course usage information

FIN 673. Advanced Topics in Corporate Finance. 3 Credits.

Cases dealing with financial analysis, working-capital management, valuation, and firm investment and financing decisions.
Prereq: completion of first-year M.B.A. core.

Course usage information

FIN 675. Fixed Income Securities. 3 Credits.

Theoretical, empirical, and institutional aspects of fixed-income securities and their derivatives; application of these tools to managerial decisions in other contexts.
Prereq: completion of first-year MBA core.

Course usage information

FIN 683. Concepts of Investments. 3 Credits.

Securities markets; risk-return characteristics of investment media; concepts of security analysis; investment and portfolio strategies of individual and institutional investors.
Prereq: completion of first-year M.B.A. core.

Course usage information

FIN 685. Alternative Investments. 3 Credits.

Covers alternative asset classes such as venture capital, private equity (LBO), commercial real estate, and cryptoassets. Focus on valuation methodologies, fund structures, and investment strategies.
Prereq: FIN 612.

Course usage information

FIN 687. Hedge Funds. 3 Credits.

Institutional features and trading strategies of the hedge fund industry; developing trading ideas, evaluating based on historical data or financial statements, and analyzing risk-return tradeoff.
Prereq: FIN 683.