Introduction to the legal environment of business operations with particular attention to business law and ethics and to principles of law relating to contracts, agency, partnerships, and corporations.
Critical study of the legal environment of business administration including competition, monopolies, mergers, securities, taxation, and regulatory agencies. Pre: 200.
Overview of international and national law as it applies to international trade. Readings and case studies focus on the legal environment of selected areas in the Asia Pacific region and strategies for doing business overseas. Pre: 200.
Study of the legal environment of management with particular attention to the sources, principles, and form of the law; contracts, business organizational structures, agency, and partnership.
Focuses on principles and techniques for handling personal financial decisions, including: personal budgeting, obtaining credit, life and casualty insurance, buying a home, buying an automobile, savings and investments, and retirement planning.
Application of financial principles to cases involving important financial decisions. Pre: BUS 314.
Development and analysis of modern financial theory and its implications for management decisions: market efficiency, capital asset pricing, firm investment decisions, capital structure, dividend policy, and cost of capital. Pre: BUS 314.
Introduction to various investment media and capital markets. Topics include the analysis of security returns using techniques such as beta, filter rules, and portfolio theory. Pre: BUS 314 or consent.
Financial management of foreign and international business operations: the regulatory environment of international finance, financing international transactions, international capital markets, taxation. Financial decision-making in the firm. Pre: BUS 314 or consent.
Commercial, investment, and merchant banking. Includes theory and practical applications. Topics include international lending, Euromarkets, global gap management, Forex activities, and global risk management. Pre: BUS 314 or consent.
Examination of underlying business models for new ventures, how to determine corresponding financial requirements, and approaches to resource acquisition. Students explore a range of financing sources and related issues of valuation and deal structure. Pre: junior standing and BUS 314, or consent.
Reading and research in a special area of major under direction of faculty member(s). Project must include statement of objectives, outline of activities planned, results expected, and how they are to be reported and evaluated. Must be approved in advance by the department chair and the faculty advisor. Repeatable unlimited times.
Options and other derivatives. Equity options, index options and options on futures. Black-Scholos Model. Trading strategies and tactics. Contemporary developments in financial engineering. A-F only. Pre: 311 or consent.
Security analysis and portfolio management from standpoint of the professional analyst and institutional investor. Recent advances in security valuation models, portfolio selection, and techniques for appraising portfolio performance. A-F only. Pre: 311.
Analysis of financial institution management within the domestic economy and regulatory environment. Topics include federal reserve activities, interest rates, regulation, lending, investments, and asset/liability management. Pre: BUS 314.
Covers the analytical skills necessary to work in the financial services industry, in particular in the bank treasury department or the fixed income capital market sector. A-F only. Pre: (311 and BUS 314) with a minimum grade of B or higher. (Alt. years: spring)
Financial systems, regulatory structure over financial institutions in the Asia-Pacific region. Major financial policy issues for financial sector reforms in the region. Seminar format. A-F only. Pre: BUS 314 or consent.
Overview analyzing various primary risks faced by corporations and developing important risk management techniques with an emphasis on enterprise risk management. Combined lectures, case studies, and discussions. BUS majors only. A-F only. Pre: BUS 314 or consent. (Once a year)
Study and discussion of significant topics and problems in the field of finance and finance-related fields. Repeatable two times in different topics. Pre: BUS 314 (with a minimum grade of B) or consent.
A capstone course for financial services and planning track. This is a case study course intended to provide students the opportunity to integrate concepts from earlier courses and develop a comprehensive view of the financial planning process. A-F only. Pre: 301 and 311 and two of the following courses: 490E, 490F, ACC 401, INS 300.
Interdisciplinary investigation of development in East Asia is an urgent issue. Status and role of Asian business; current technological, economic, and financial developments; impact on world economy. A-F only. (Cross-listed as ASAN 470)
In-depth analysis of selected current practices and issues in finance. (B) equity research and corporate valuation methods; (C) Japanese financial management; (D) financial analysis; (E) retirement and employee benefit planning; (F) finance estate planning. A-F only for (E) and (F). Repeatable four times for (D). Pre: 311 and BUS 314 for (B); BUS 314 or BUS 629 for (C); 311 or 629, or consent for (D); 301 for (E) and (F). (Fall only for (B))
Supply and demand for capital in national and international markets. Nature of capital movements and role of capital in industrialization of regions and nations.
Application of financial principles and analytical techniques to financial problems. Case method. Pre: BUS 629 or consent.
Techniques of security analysis, theories of investment, and the analysis of investment decisions related to portfolio planning. Pre: BUS 629 or consent.
Major current financial issues and problems. (C) Japanese financial management; (D) portfolio management theory; (F) stocks, bonds, and modern instruments. Pre: BUS 629 or consent.
Financial decision-making in an international setting: analysis of direct foreign investment; economic, accounting, and regulatory environments, including taxation; international money and capital markets; import and export financing; multinational working capital management; and risk aspects of international finance. Pre: BUS 629 or consent.
Commercial, investment, and merchant banking in the international arena. Includes international lending, Euromarkets, global gap management, Forex activities, and international risk management. Pre: BUS 629 or consent.
Assessment of financial needs, arranging venture financing, assessing value to the entrepreneur and the investor(s), financial aspects of strategic planning, analyzing the tradeoffs between alternative financing choices and flexibility and control, harvesting the investment. Pre: BUS 629 or consent.
Regulatory structure over capital market institutions, market developmental issues, market microstructure issues, and corporate governance, and creation of capital market infrastructure. Seminar format. Pre: BUS 629 or consent.
Covers PDEs (Partial Differential Equations) and calculus in a stochastic environment. A-F only. Pre: graduate standing in Financial Engineering program, or consent. (Once a year)
Addresses programming principles, and programming languages used in financial modeling. A-F only. Pre: graduate standing in Financial Engineering program, or consent. (Once a year)
Introduces students to principles of capital markets, classical portfolio theory, and focus on portfolio optimization. A-F only. Pre: graduate standing in Financial Engineering program, or consent. (Once a year)
Will familiarize the students with the mathematical foundation and the application of Futures, Swaps, and Options. A-F only. Pre: graduate standing in Financial Engineering program, or consent. (Once a year)
Focus on financial forecasting and financial econometrics as volatility and correlation modeling. A-F only. Pre: graduate standing in Financial Engineering program, or consent. (Once a year)
Introduces students to topics in the actuarial science and latest developments in risk management. A-F only. Pre: graduate standing in Financial Engineering program, or consent. (Once a year)
Addresses specific properties of interest rate modelling as mean reversion as well as latest developments in credit risk modelling. A-F only. Pre: graduate standing in Financial Engineering program, or consent. (Once a year)
Addresses advanced techniques in financial modelling and related fields. A-F only. Pre: graduate standing in Financial Engineering program, or consent. (Once a year)
Covers the real estate market, mortgage backed securities (MBSs) and real estate derivatives. Focuses on modelling weather, climate change, and weather derivatives. A-F only. Pre: graduate standing in Financial Engineering program, or consent. (Once a year)
In-depth analysis of selected current practices and issues in finance. Pre: BUS 629 or consent. May be repeated with change in topic.
Students either program a model or write a paper with high practical or scientific merit. Outcome enhances the chances for employment. Represents the culminating experience for students in this program. A-F only. Pre: graduate standing in Financial Engineering program, or consent. (Once a year)
Focus on important accounting and financial management principles relevant to management of health services organizations. Designed around a series of cases that examine the issues that confront healthcare managers. A-F only. Pre: BUS 629. (Alt. years: fall only)
First PhD course in finance. Covers basic theory and empirical methodology in asset pricing, provides a concise framework of conceptual knowledge to understand the literature on financial theory and related empirical evidence. A-F only. Pre: graduate students only.
Covers research issues in investments. Topics include empirical asset pricing tests, characteristics of asset returns, behavioral finance, and investment issues that overlaps with corporate finance, accounting, and economics, etc. A-F only. Pre: PhD student status in business administration, or consent.
Covers research issues in corporate finance and financial markets. Topics include capital structure theory, corporate governance, corporate innovations, and mergers and acquisitions, etc. Student develop academic research papers that lead to dissertation work. A-F only. Pre: student status in PhD in business administration, or consent.
Provides in-depth review of scholarly journal articles and working papers relevant to Asian-Pacific financial markets to prepare PhD students for scholarly research work focusing on market microstructure, corporate finance, investments. A-F only. Pre: PhD student status in business administration, or consent.
Reading and research in a special area of major under direction of faculty member(s). Project must include statement of objectives, outline of activities planned, results expected, and how they are to be reported and evaluated. Must be approved in advance by department chair and the faculty advisor. A-F only. Pre: PhD student status in international management, or consent.
Risk management and insurance application to business and personal financial decision-making. Introduction to basic risk management concepts and techniques. Analyze various types of insurance: including life, property, casualty, liability, health, disability, and long-term care.
Treatment of risk of financial loss of personal and business property and resulting loss of income occasioned by fire and allied perils. Forms of insurance used by individual business executives and firms including crime, transportation, liability, and worker compensation. Pre: 300.
Treatment of the risk of premature death through use of various life insurance policies. Policy forms, calculation of premiums, reserves, non-forfeiture values, underwriting, regulation of policy provisions, related coverage. Pre: 300.
Principles affecting the allocation and utilization of real estate resources, including legal, physical, economic elements; valuation; market analysis; finance; investments, and public and private externalities affecting the allocation and utilization of real estate resources.
Property rights, land tenure, agency, contracts and negotiation theory, title conveyancing and escrow, mortgage instruments, fair housing, state and federal environmental policy.
Analysis of real property, including feasibility analysis, market analysis, income property capitalization, and general real estate valuation techniques.
How business firms and investors manage their real property assets in terms of the legal, financial, and physical dimensions of real property. Case studies in hotels, condominiums, and office buildings in the environment in Hawai‘i. Business majors only.
Consideration of various special concepts and problems in real estate. Repeatable unlimited times.
Reading and research in a special area within the major field under direction of faculty member(s). Project must include statement of objectives, outline of activities planned, results expected, and how they are to be reported and evaluated. Must be approved in advance by the department chair and faculty advisor. Repeatable unlimited times.
Financial and investment techniques used to evaluate real property and real estate security investments.
Development of strategic business plans for the optimization of a firm’s real property assets. Includes facilities utilization audits, contingency planning, and the impact of new techniques.